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literally meaningless. there are buyers and sellers at every given price. in another post i showed some of the tools the professionals use to analyze the market, such as forecasting volatility and volume, measuring avat, broker rankings, and tca. no one gives a damn about "bulls and bears" being...

huh? i'm a professional trader and worked at various bulge brackets and hedge funds in trading and PM roles. yah dynamic hedging was an interesting read, but what does taleb have to do with what i'm saying beyond it being the assessment of literally every professional market participant?

Even worst:

look at the way he "studies" the market -- purely anecdotal. I would have been impressed if he actually did serious work like test to see subsequent returns on a pattern he's observing. But he hasn't lol, he hasn't a clue on how actual market participants analyze the data to learn.

Uh you apparently don't know how orders are matched. What you are seeing on the price chart in real-time is the result of randomness, it's not because "bulls are on a doji" or whatever. What kind of idiocy is this.

Lol, let me say this again -- you are learning about price action from a non-expert lol, you have no idea how the market actually functions...which I guess is okay if you are a hobbyist.

When people say "high growth" they typically refer to either high sales growth or high EPS growth. The actual performance of buying high sales or high eps companies: So it's not sufficient to trade "high growth" companies. The high growth is already priced in via the multiple.

No offense, friend, but you’re an amateur studying “price action” from a guy who’s background is in medicine. Al brooks and most of these gurus have no professional experience trading or in markets…Imagine using a made up physics to describe the world lol. You are being fooled by randomness.

Price action can be described as Brownian motion. You cannot trade it profitably because it is a non stationary geometric random walk. You can try and you might even be lucky sometimes, but you’re just as skillful as a guy sitting at a slot machine in Vegas (hint: not).

I think he lost his edge after the dot com bubble. It’s pretty clear as he went from being highly secretive about his strategy to writing multiple books. I’m very skeptical of people who sell “follow this approach to make millions”— I have looked at his criteria and can tell you that they don’t...

Using price is not a good analysis. Figure out the driver of the pair and what the actual risk is, and model the impact to the exchange rate. FX pairs do exhibit momentum but if you don’t conduct an analysis you’ll be the dumb money providing liquidity for the informed.

Nope. He doesn’t know what drives prices, doesn’t understand order flow and volumes, and is literally making shit up. You can believe him if you’d like, just like some people want to believe in wing chun masters. But on the street, your “chi” will not help you when you run into someone trained...

Which is incorrect. Since he makes that a fundamental pillar of his pa theory, it makes everything else suspect. He doesn’t know what causes patterns on a chart. He’s making assertions and guesses, and because they’re not rooted in a robust analysis, the difference between his expectations and...

then he has changed his tune lol

you have not read his books then. no, the journals are comprised of the latest academic papers in the space. this is the stuff real traders/fund managers use to learn about markets (outside of their own prop research). you could stitch together a coherent thesis about what drives anomalies...

I skimmed through his "Trading Price Action Trends" because he claimed to follow institutional order flow. As someone who was an institutional trader, I can guarantee you that Al has no idea how institutions actually trade or how to spot their movement. I kept looking for more on a theory that...

The funny thing is that he claims to have a process which includes the fundamentals lol.

good catch

brooks, and the rest of these "pa gurus" (who, not surprisingly, make no money trading), is probably the worst resource. good traders are inherently skeptical of any claim and conduct the analysis themselves to determine if an opportunity is real. let's talk about price action. how many of you...

this is a stupid question. you can't know ex-ante returns like this, or everyone who buys otm calls would be trillionaires. in real life, you must use actual data based upon your real performance -- how good are you at identifying opportunities that make 10x within your time horizon? what does...