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i was not aware of this nor of the depth of knowledge of traders which is increasingly on show in this thread! the range of comments this thread has attracted shows that understanding the Great Doctor is not as simple.

see this chart....i figure it is in a range so i sold the H2.....what do you think?

yes the market demands that you should have a strategy...but his basic one of H2 is a simple but really good one: it depends on the context whether you should buy it or sell ; that is the brilliance of Al ! perhaps we can investigate this a little more

yes and that could be the reason no one can understand his books.....there is nothing to understand:D......but do not get me wrong there are no of very useful things he has taught me such as how to use the ema...i mean this guy actually trades what others call whipsaws around the ema:D but once...

if you like it hot come here to hyderabad....40 centigrade

yes

yes i have seen the probability for myself- by putting money on the line. it is a trading opportunity....whether it is suitable for your trading profile and style you decide

a second gap bar, in sideways ema or range, is a two leg movement,and so is a very high probability trade. the market gives you these trades all day long: as Al says ' the market trends 10% of the time and remaing time it keeps giving you gap trades.' these are essentially failed H2 and L2...

it tells you that he is giving too much information....leads to paralysis by analysis....what does Al tell you....in a trend buy pull backs to the ema, in a range fade moves away from the ema. in fact, this is what any successful trader will tell you....beginners are always trading the trend or...

yep all geniuses are almost insane ...but not quite!!!!

hahaha.....yep pub hoppers got their priorities right:D!

yep ....even his gap bar trades are just pull backs to the ema but in a range they are a huge money spinner.........market ranges 90% of the time!

when the chart looks like this one below,with a very sideways moving average, expect H1H2L1L2 all to fail-these should only be traded in a reasonably strong trend

Al has not reinvented the wheel or discovered something very new: you may observe that his H2/L2 is very much like the double bottom or double top of classical analysis. so i am surprised when people say Al is rubbish the bottoms and tops may not be exact but then nothing is exact in...

or another example it should be self explanatory.... the two attempts up are marked 1 and 2. in Al's language it is a classic example of failed high 2.why does anybody work if trading is so easy? in any case if it is not clear and there are questions please ask

you are most welcome, mate.....let me know if you have any questions ....it is really difficult explaining in writing ..it would be very easy in person ......but at the risk of confusing you, i will certainly give it my best shot. enjoy your coffee: i envy you starbucks is not in India where i live

it took me 10 years to understand him.....but now i find trading real easy

i really like your focus...and am enjoying this discussion... his books are terrible....that is why i say do not touch them...his videos are really simple and some of his points about the market are great: such as if the market tries to go down 2-3 times and fails, it will go up what is more...

yes you certainly said it as you see it....that is why i prefer the videos

Thanks guys & gals for sharing your insights. i did not expect such a spirited response to my thread. i am here to help anyone who asks for it. No charges :D