BAR BY BAR -- Al Brooks

smilingsynic · Oct 27, 2009

Quote from Mach4-1:

dr mel knows sweet fuk all about trading..and that should be obvious to all by now..anyone with a dr before his name..never has..nor ever will..be an exceptional trader..mainly due to the fuked up brains they have

price action me arse..order flow me boy..that is what u must see..and when u see order flow then the price "action" will mean something..what kind of fukin traders have we on this site anyway..elite..:eek: ..more like petite..

Thank God for the ignore button.

GiantDog · Oct 29, 2009

You know what's really funny about Al Brooks. He actually thinks that traders at Goldman Sachs and Morgan Stanley trade just like him. They all trade off the 5-min chart exactly the way he does.

hermit · Oct 29, 2009

Quote from GiantDog:

You know what's really funny about Al Brooks. He actually thinks that traders at Goldman Sachs and Morgan Stanley trade just like him. They all trade off the 5-min chart exactly the way he does.

He never said that, only thing he wrote was how PA is the footprint of institutional activity.

dtrader98 · Oct 29, 2009

Quote from hermit:

He never said that, only thing he wrote was how PA is the footprint of institutional activity

PA is at best a secondary observable effect of intentionally disguised institutional activity.

Fixed that for you/him.

GiantDog · Oct 30, 2009

Quote from hermit:

He never said that, only thing he wrote was how PA is the footprint of institutional activity.

I remember him specifically mentioning GS and MS either in his book or in one of his articles or seminars. If I can find where it is, I will post it here.

hermit · Oct 30, 2009

Quote from dtrader98:

PA is at best a secondary observable effect of intentionally disguised institutional activity.

Fixed that for you/him.

Sure, I understand that and infact I concur that trading on PA alone is not ideal but for all the garbage sold as 'Trading Books' its one of the few in recent times that had any interesting observations.

Technician · Nov 18, 2009

could someone give the link to the chatroom? I couldn't find it via search and I must've missed it flipping through the pages..

GiantDog · Dec 6, 2009

Quote from Technician:

could someone give the link to the chatroom? I couldn't find it via search and I must've missed it flipping through the pages..

You can get to the chatroom from the brookspriceaction.com page.

They are starting up a "Live with AL" webinar for $99 a month. Sixty dollars for December.

SuperVolatility · Dec 13, 2009

I think price is reseanable at least for someone to "test drive it" compared to other services.

Gabfly1 · Dec 16, 2009

Partly as a result of this thread, I ordered the book from Amazon in mid-November. I returned it the day after I received it. Admittedly, I only read the first 50 pages or so and leafed through the remainder very quickly, but I found it was not for me. Every bar can potentially be a setup bar? And there are so many interpretations and variations that I personally found it a bit too discretionary and open-ended for my taste. It's always useful to look at how others go about it, but I think I'll stick to my own knitting. Evidently, others got much more out of the book than I did.