a loser's journal......read at own risk

padutrader said:
he does post charts of forex eurusd etc
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Ok...maybe I'm confused.

I specifically heard from other users of Al Brooks method and by members here at Elitetrader.com that Al Brooks does not trade Forex...not type of Forex.

Ok...I went to the website and saw him talking about Forex EurUsd via either monthly or weekly charts. Nothing via intraday charts and no market context info related to the monthly / weekly charts.
  • Therefore, why are you not trading via the monthly / weekly charts ???
In fact, the only market context discussion I've seen by him only relates to the Emini S&P futures.

Edit: I've now found intraday vidoes by Al Brooks about intraday trading Forex EurUsd but as you noted...he does not talk about "market context" that impacts the intraday trader.

Therefore, you should conclude he must think "market context" is your responsibility or something that easily learned on your own for trading Forex EurUsd.

Yet, in the videos he specifically states he watches Emini Futures and if it's quiet and doesn't offer much in trading opportunity...he'll then watch FX markets, gold and bonds.

wrbtrader
 
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wrbtrader said:
Therefore, you should conclude he must think "market context" is your responsibility or something that easily learned on your own for trading Forex EurUsd.
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thank you for that help
i have no idea what he is thinking.

market context may be some God of market that controls everything.

but yes he is leaving you to fill in the blanks.....his bank account meanwhile is filled with your money
 
padutrader said:
thank you for that help
i have no idea what he is thinking
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Yeah...I don't think he's going to educate anyone trading Forex EurUsd about market context considering he primarily trades / watch Emini S&P Futures.

Simply, you're on your own when it comes to "market context" of Forex EurUsd as you've already noticed.

wrbtrader
 
wrbtrader said:
Yeah...I don't think he's going to educate anyone trading Forex EurUsd about market context considering he primarily trades / watch Emini S&P Futures.

Simply, you're on your own when it comes to "market context" of Forex EurUsd as you've already noticed.

wrbtrader
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well then why does he have a course on forex?

maybe he should be flogged
 
Man i swear you ET traders love to overcomplicate things which is why you A, think you have found the holy grail, B - that trading is super hard and requires some type of stupid ass backtesting or whatever other method you think is right, or C - no one is right except for you because you have spent ridiculous hours going from your elbow to your asshole and have finally arrived.

It doest matter what chart there is - GC, Forex, Emini, a chart is a chart. If you were shown a chart with no price or time axis you would not be able to determine what it is a chart of - Brooks does this in his course to prove his point.

market context is whatever it is in relation to the bars to the left, which is what he breaks down in his courses in small chunks.

Brooks teaches you how to read the market. Not a "method" not "system" but how to read the market.

If I know how to troubleshoot a computer system, I dont need to backtest to see if my outcomes are correct. Brooks is showing you how to troubleshoot the market to trade which is why it doesnt matter what chart you are looking at - a chart is a chart.

Does that mean he is right ALL the time? No, no one is. But he gets you 90% of the way there.

Being good at trading should not take that long, at least a year but no longer than 2 or 3. It isnt that complicated and I laugh at all these people making their life a living hell by overcomplicating shit.

You dont have to be great to make money at trading. You just have to be a little better than avg. And if ET is any indication of the avg, then its no wonder someone can put in a little work and bypass all the bullshit that ET says one must/should do.
 
IamTheCasino said:
It doest matter what chart there is - GC, Forex, Emini, a chart is a chart. If you were shown a chart with no price or time axis you would not be able to determine what it is a chart of - Brooks does this in his course to prove his point.
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this is true 100%
 
IamTheCasino said:
think you have found the holy grail,
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everything is there in the chart in front of you.

the chart is the holy grail

there are NO SECRETS......no one can hide what they are doing.

where the strong buyers are, where the strong sellers are...

that is where the market was moved.........and it will be moved again and again.......
 
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