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Yes, looking left is not necessarily a stupid thing to do. I guess my main problem with Al Brooks are his fanatic supporters. It's like a cult. I find it funny, and slightly irritating, to be lectured about "real" price action by new traders, when some have been trading this way for years...

He fails to describe price action better than those that have tried before him. Edwards & Magee's book is still valid, but everyone seem to miss that fact. For candle patterns, I'd say that Steve Nison does a better job, but I don't give it much credit or use it myself. All that is ultimately...

I agree, cornixforex. Trading, at least for me, is about context. Al Brooks seems to be lacking any concept of context. If one is going to focus only on one time frame, I'd at least have a look at the tape -- but that's just me. Regardless, if one is focusing only on chart patterns, and...

You realize, of course, that neither you nor Xspurt are describing the Al Brooks way? That's been my whole point all along. I am well aware of the fact that price action can be profitable way of trading, but Al Brooks misses several critical elements (despite writing hundreds of pages) in...

Seeing as indicators are just a way to filter price, they have to work -- if price action works. The question is whether the historical data of a single instrument can predict its future. There are many "indicators" that are useful, but not necessarily those that are based on the price of...

+1 I was about to write the same. Bloomberg has become what CNBC was years ago, which is still pretty bad, but CNBC is beyond words now. The European and Asian channels have remained relatively intact.

Why don't you just trade a volatile instrument?

I agree to some extent, but it's only a valid argument if one is reacting to price without any planning. I constantly model different scenarios in order to know what to do when price reaches a certain level. Sometimes the unexpected happens, and then I stay out.

Oslo her også. Nedturer? Det har jeg ikke hørt om... :cool:

Yes, I remember the good ol' days. How would one gain access to your e(xc)lusive club?

WTF? Why are you resurrecting all of your old threads? Did that last line of coke trigger a full-blown narcissistic personality disorder?

No, it's very cheap.

Have a look at RTS...

In not too long MarketDelta will offer trading capabilities through CQG. Their proprietary language (RTL) is pretty easy to use, but it's not suitable for sophisticated systems.

I retract my last sentence, it was not my intention to be condescending. My point was more that I doubt you'll find NT on a trading floor. By not allowing option or spread trading, they exclude most professional traders. But, like I stated, it might be more stable now. If so, it might be...

Bloomberg is not suitable for most daytraders, I agree. It's not that expensive, though. RTS, CQG, Stellar or TT Pro cost about the same as a Bloomberg base subscription . It's not just about the software, it's about the infrastructure. Server-side aggregation, .e.g. As far as I know...

The only problem I see with this, is that you don't know if you're going to make it as a trader. How can you be so sure that your advice has any validity?

Ninjatrader can't even do options or spreads. I only used it briefly several years ago, thus my experience might not be valid anymore, but it was full of bugs and froze/crashed frequently. No serious trader would use NT!

This thread has degraded into ridiculousness. Are you the ultimate arbitrator of the difference between "Brooks PA" and "classic TA"? It's clear that most on this thread fail to understand that the point of price action is to read price.

I got it. I'm not really sure why anyone would want the human race to continue its existence, though?