BAR BY BAR -- Al Brooks
- Thread starter Swan Noir
- Start date
He said it took time away from studying and trading.
I'd say he's being honest.
Correct. The site was closed for a bit, and then restarted about a week ago, at the urgings of a group of traders interested in his stuff. Also, one of these folks volunteered to rework the website and is also handling the administrative duties for him.
It probably will evolve into some kind of subscription service for those wanting to receive his EOD analyses, but it should also continue to provide a free forum where like-minded people can discuss his methods.
"I am not a CTA and therefore need to restrict what I publish on this site. Otherwise, I would have to become a CTA and this is against my minimalistic approach to life. I called the NFA and asked what my limitations are and they told me that I cannot make trade recommendations, I cannot discuss my trades or trading results, and I cannot answer specific questions about particular trades that anyone has taken or contemplates taking."
The same familiar route that all these guru wannabes take. Wonder how long this one will last?
The same familiar route that all these guru wannabes take. Wonder how long this one will last?
Thanks for the new info!
I'm happily registered.
I'm happily registered.
Here's what I had on hand - maybe it can getcha started ...
http://www.traderslaboratory.com/forums/blogs/dbphoenix/introduction-ebook/
Surely you guys are not serious
From what I can see this is more like Alice In Wonderland stuff
Bases, rectangles, volume, flags, etc, etc. etc can be found in all the normal rubbish trading books as well. When are you lot going to understand what being a trader is really all about and stop acting like little children praising your school teachers when you sit at the dinner table in the evening time
No wonder so many keep throwing away money
Quote from dtrader98:
A lot of posters seem to like this book.
I honestly didn't get much farther than the 1st chapter, since it is quite reminiscent of most of the other common TA books (IMO).
My contention is the same as many other 'TA' books; it is sorely lacking in any type of statistical or back/forward OOS-test quantification.
Common assertions he makes like "the odds favor a continuation of that direction," reference absolutely zero evidence to back up that assertion. It would be nice if he actually took some sample of many such actions, and literally evaluated the 'odds' with a quantifiable value.
Take a simple book, like trade like a hedge fund or Crabel's older stuff, and you'll see more of the type of quantified results that these types of 'classical TA' books lack. Even Covel's 'trend following' book (which many here seem to oddly disdain), has concrete backtest examples in the back. Unfortunately, even the back-test only books are quickly becoming obsolete.
2c to newbies. Enjoy the anecdotal TA books caught in the dark ages; along with lingering unanswered questions, they will quickly pile up on your shelves until you finally begin to embark on modern methodologies.
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If anyone sees any kind of statistical or quantifiable backtests in the book, please correct me; I'm always open to constructive criticism.
guru's don't do backtests
They can't help it
The unexperienced will always think reading a book can make you rich. Holy grail, here I come! Just $50! 