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I normally don't contribute so I felt this time I had something to share. I was asked a question, so I felt I needed to qualify my answer; hence the credentials. If you read my posts you'll know I am not exactly proud nor do I feel particularly accomplished. As to the point: I've said before...

CS is an Engineering degree. At least it was when I got it. My school was called SEAS (School of Engineering and Applied Science). BTW, EE is Electrical Engineering. There are many kinds of engineers. But I digress. /Wulfrede

You asked me if I knew the effort required to become an engineer. I answered yes. Further, I maintain that the effort to become a trader is far greater. You seem to be having difficulty following a line of reasoning and that of an argument. Let me spell it out for you: I was trying to...

I am an engineer. '99 M.S. in Comp Sci. Ivy League. Yes, I know exactly how difficult it is. /Wulfrede

I really don't care about the marketing aspects, so have at it. For $140 or $250 or whatever, no one has to show you anything. It's a text book. For buck forty what else can you expect? And the reason the books are so long is because they are chock full of examples. I mean, tons of examples...

Did you or any of the people you mentioned put in at least the same amount of time into trading as they did to become pros in their own lines of business? I am talking 6-10 years. I hear this all the time. A doctor tries trading and fails. An engineer (maybe even a scientist!) tries trading...

So, you knew you had to respect context and yet you still tested Low2/High2 expecting a non-random result? I think that if you are a private trader (meaning you don't work for a house) all of your trading is subjective. However, subjective decisions are still made using completely objective...

My entire point is that Al's methods will be valuable to a trader. A trader with experience will click with Al's methods faster - mostly because Al is simply framing known market dynamics and pointing out how these dynamics function. While a novice struggles with that, an experienced trader will...

Good of you to put in the work in this. Problem is, you can't take a simple setup out of context. Low2/High2/Whatever2 doesn't offer any edge on its own. That simply can't be. If you are trying to take a setup "as is" and hope it makes you money, you are really missing the point of what Al...

You are right, this is not rocket science. That doesn't mean trading is any simpler to master. Let me take this view for a moment: There are only two types of winning traders out there: One is an institutional guy who uses built-in edges such as a quote-to-fair (market maker), order flow...

I am sorry it didn't work out for you. It's a very tough pill to swallow. I had to swallow mine some years ago. BTW, since you clearly didn't bother reading any of my prior 25 posts but yet took the time to jab at me, it may appear that you lack the elbow grease necessary to do basic...

I don't disagree. I would only add that the maturity and market experience of his students needs to be a factor. I don't see anyone picking up Al's methods becoming a maker in just a few (say, three) years, unless they already have a body of prior experience. Also, I don't see someone being Al's...

Hmm, odd thread. To the OP: his second book (in the new three-book set) on trading ranges talks at length about breakouts. The book is over 300 pages. Maybe that gives you some food for thought. Additionally, he talks about breakouts throughout all of his texts. It's almost an overarching...

1. I have never read Crabel, so can't comment. 2. I don't have hard numbers (maybe I should). However, a few specific things made an important difference: a. Focusing on a 5 minute period has helped me crystallize the implied risk of a trade. It is no longer subjective and that has been very...

The language is not any worse than in any other textbook. In fact, often it is very evident that Brooks put a lot of thought into how to phrase a non-trivial concept. Open a Calculus text and read a chapter. Not exactly night-time reading. Requires a serious effort figure it out, doesn't it...

Thanks for the compliment but I don't consider myself a pro. I've applied Brooks methods to stocks and SPY. The method seems to be universally applicable but there are some differences in tactics (he mentions some of them in his books) with respect to stocks and ETFs. Also, certain signal...

I find a lot of value in Brooks methods (and I haven't even completed studying all of the material as of yet as it is very extensive). Through years of working with markets I've always kept an eye out for opportunities to automate. Most of the time I found that regardless of the actual...

One thing the OP hasn't mentioned is how detailed his research was before he decided to give up. Or was there anything that qualified as research? Meaning, numbers. Numbers (doesn't matter what kind) collected with consistency and rigorously analyzed. And no, reading books and watching videos...

They do exist but paying them isn't the hardest part. The hardest part is actually finding them and then building an efficient team. Replacing 3 guys who really know their stuff with 30 monkeys doesn't work. Well, it works for winning political battles (works quite well actually) but not for...

gmst, to answer your question: tons. Three top notch guys (I don't believe they exist in India, btw, but that's only from my personal experience) can do what MC does (or rather do only what's needed and ignore the myriad of useless features) and then add the things that a profitable trader...