Al brooks says breakouts provide the largest edge for a trader yet...

[dandxg]

Quote from Swan Noir:

Al's writing style leaves a great deal to be desired -- sometimes even the English language. Yet I think there is also a great deal of truth to wrb's comment. Lots of the easy to read, easy to understand pablum is truly nonsense. There is a lot in Al's work that can contribute to a winning methodolgy and just because you can't use it "off-the-rack" to make money does not make it wothless.

Those of you that are basing there comments on his first book -- BAR by BAR -- deserve sympathy. That is written in a foreign and unkown tongue but the more recent stuff is better.

I agree with your posts but let's not forget the bigger picture. We have a guy that claims to make a living from trading, and he sells books and videos whatnot, allows other to trumpet his guru status making others believe he is successful, makes BS claims that he can't call trades for lame reasons, and refuses to show a trading statement? I think that about summarizes it.

Well that smells like a steaming pile of dung.

 

[marketsurfer]

Quote from Ol' Yella:

I have also noted similarities in writing styles of some self-professed internet gurus, it's hard to put into words what it is, but it is there

there is something in that style that draws people in

part is their talent as writers, and part is they way they talk of deep, dark secrets that they have uncovered...

its the kind of thing you'd read in Tolkien books, where you have a sorcerer who in act of heroic sacrifice spends years of painstaking study crafting his magic spells, sacrificing everything along the way and now possess magic powers others can only dream of...

stuff like that, and Luke learning "The Force" from Yoda.... they make for great stories that capture our imaginations. But it doesnt carry over into real life and it is not how skilled professionals in ANY field learn their craft.

remember there was a guy in your journal a while back talking about secret advanced TA methods that arent found in any books or websites.... and how the TA he used is like nothing else he has ever seen in the public domain.

that stuff sounds good and may inspire some misguided souls to embark on their own solitary journey of 10k hours..... but it's nonsense. If becoming a good trader required 10,000 hours of wading through gobbledegook trying to figure everything out on your own and living like Smeagol for 5-10 years then there wouldn't be any good traders!

well stated, ol yella. Edge is edge and it can be taught-- it doesn't take 10k hours or whatever nonsense sprouted by the broker commission driven business.

IT seems to me that the writing style, whether clear or very confused sounding is designed so that each person sees exactly what they want from reading it--- I have read many things from TA folks, much of it is written no matter which way the market goes, they will be correct.

surf

 

[Swan Noir]

What smells like a feast to a North Korean might smell like dog food to an Italian. Of course anyone that sells any trading information is suspect but I believe he spent a good number of years trading before he made his first dollar from "teaching". Do I know that as fact? No. And because of that I make allowance for your opinion.

QUOTE]Quote from dandxg:

I agree with your posts but let's not forget the bigger picture. We have a guy that claims to make a living from trading, and he sells books and videos whatnot, allows other to trumpet his guru status making others believe he is successful, makes BS claims that he can't call trades for lame reasons, and refuses to show a trading statement? I think that about summarizes it.

Well that smells like a steaming pile of dung. [/QUOTE]

 

[Option_Attack]

Quote from Wulfrede:

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

Sorry, but no. You may be called an "Engineer" by yourself, or you may be in an "Engineering" job. But you are not an Engineer unless your degree has "Engineering" in the title; such as "Computer Engineering", from an ABET school.

A comp sci degree is just a code writer. Engineering degrees have much more math, physics, chem, statics, dynamics, thermo, etc. Too many times I have seen people calling themselves "Engineers", without paying the dues...

JMHO
EE, class of '85

 

[blueplayer]

Quote from Option_Attack:


A comp sci degree is just a code writer. Engineering degrees have much more math, physics, chem, statics, dynamics, thermo, etc. Too many times I have seen people calling themselves "Engineers", without paying the dues...

JMHO
EE, class of '85

I'm a fellow EE but I have to disagree with your assessment that CS is just code writing. Computer Science is closer to Mathematics than anything else, in fact the level of abstraction is so high that it could be argued that computers are not actually required in CS classes at all (an extreme example but it could be argued).

Also your definition of engineering is too archaic, you almost make it sound like in order to be an engineer you have to operate on objects that possess mass. Too constrained a definition in my opinion.

 

[HurricaneUS]

Quote from Option_Attack:

Sorry, but no. You may be called an "Engineer" by yourself, or you may be in an "Engineering" job. But you are not an Engineer unless your degree has "Engineering" in the title; such as "Computer Engineering", from an ABET school.

A comp sci degree is just a code writer. Engineering degrees have much more math, physics, chem, statics, dynamics, thermo, etc. Too many times I have seen people calling themselves "Engineers", without paying the dues...

JMHO
EE, class of '85

this.plusone = plusone;

 

[ammo]

wulfurde, enjoyed your commentary,thanks

 

[Optionpro007]

Quote from ammo:

wulfurde, enjoyed your commentary,thanks

+1

 

[R. Raskolnikov]

Why the contradiction?

Quote from marketsurfer:


Why do folks even read books like these, when there is so much literature from actual proven traders? I just don't get it. It must be poor lost souls that just want their preconceived ideas confirmed....................


I found it unreadable. That does not mean I didn't try to read it---

 

[Grandluxe]

we make a big deal about him because he claims to take about 10-15 ES trades per day and says he goes many days without a losing trade. so its worth examining these claims.

Nothing strange about that. ET's best trader, Noddy, a student of Al Brooks also said she makes about 10-15 trades a day and rarely has a losing day.

So it is possible.