Al Brooks method

fortydraws said:
Very few people seem willing or able to put forth the effort. They think they are willing, they believe themselves able, and they will insist that they have done all the hard work, so it must be someone else's fault that they haven't succeeded yet. People generally do not want to take responsibility for their own lives, in my own opinion.
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I believe (and have read somewhere) that the market is nothing more than a mirror of our personalities when we trade actively in it. When I trade badly, I know it is because of certain aspects of my personality that are not conducive to successful trading have been allowed into the equation at the time of a decision. When I trade well, I have overcome those negative aspects (which aren't necessarily negative in my day to day life) at that given time (trading well includes losses...taking them where or when I should). The ability to overcome those in my style of trading comes from studying the likes of Al Brooks and others combined with my own experience in an effort to achieve objectivity. The ability to overcome them consistently is now my struggle. Technical analysis helps me to overcome them, though I still have much work to do.

When I read Brooks, I believe, at least by the way he writes and explains trading in his videos, that he has achieved a way to overcome personality traits that would hurt his ability to trade successfully.

Again, I should reiterate that negative aspects of one's personality that hurt him/her in trading may actually be positives in one's day to day life. Perhaps that is why it is so difficult for so many, myself included. IMO.
 
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jonny1lot said:
At the end of the day, your job as a trader is to get from point A to point B. Point A being unprofitability and inconsistency, Point B being consistency and profitability. If Brooks helps you get from Point A to Point B in some way or fashion, then he has done his job.
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Good points;
i enjoy his charts in MODERN TRADER mag. I seldom ever use 5 minUte charts except for entry. I dont consider this an ad for his trading system-whatever , or a prediction. but i think Dr Brooks is right on noting 1800 on S&P 500 several times, 2016 .That's SPY 180/+[MODERN TRADER magazine,FEB,2016]
 
Dinosaur_Supervisor said:
What's the general opinion on Al Brooks works?

I read Trading Trends and found it fascinating. He also describes the concept of trapped traders teaching you how to spot where stop loss orders are probably placed and could fuel a movement in the opposite direction, once hit.

He's not a guru, he just teaches price action.

Now reading Trading Ranges.
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First of all I've read all three of Al Brooks books on Price Action and If you can understand him your are a better man then I am, because I was so lost by the time I got to his third book that I give up on it. So I went to other books and videos to find a more simple way to trade price action. Now you can check my old postings and see that I've been trading price action along time now. I've watch this guy on youtube and he knows a thing or two "price action trading with Mack" been watching him for over three years now, and I believe he is a good teacher and best of all he is "FREE". I know have a small trading room looking for price action traders that trade the ES only. MIRC #financialchat > #EStradingOnly. Come by if you only trade the ES
 
lostman007 said:
I've read all three of Al Brooks books on Price Action and If you can understand him your are a better man then I am, because I was so lost by the time I got to his third book that I give up on it.
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It took you three books to realize you didn't understand?
 
marketsurfer said:
Happy new year, kut. Its an allegory to TA. Why do 98% of everyone who have stat credentials believe that market patterns have no predictive ability?

Plus whenever ta patterns are properly tested, zero edge is revealed?

Seriously, why believe ancedotal evidence when all the real evidence is against it? I just don't get it.

Peace. Surf
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This is the 1st of the 18 posts you made to this topic, not counting deleted posts or those made by other members of your team. What's your agenda? Is it really to save others from the horror of TA or is it you hate others ability to focus intently on finding truth, when that quest for truth requires the tenaciousness you've demonstrated you've been unable to muster in the area of Technical Analysis?

Is it your desire to shut down this topic? Do you prefer we TA enthusiasts stay here on this thread as your prisoners forced to attempt to proceed with our quest while you toy with us?
 
:finger::finger:
Dinosaur_Supervisor said:
What's the general opinion on Al Brooks works?

I read Trading Trends and found it fascinating. He also describes the concept of trapped traders teaching you how to spot where stop loss orders are probably placed and could fuel a movement in the opposite direction, once hit.

He's not a guru, he just teaches price action.

Now reading Trading Ranges.
More...


So price action of subjective goon did not work , so trading ranges?
What happened to his education service pump and dump courses merchants?They never traded?or blew their accounts?


Pump and dump of educators and course sellers , involves setting up multiple threads on Guru's services , involving leads from internet scammers appearing on discussion forums.

Now you have pump and dump educational services

https://en.wikipedia.org/wiki/Pump_and_dump
 
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