BAR BY BAR -- Al Brooks

[IanMacQuaide]

Quote from mxjones:

IanMacQuaide, you have been pimping Al Brook's book since it came out...some might speculate that you have some sort of vested interest in its success.

You should try to encourage his publisher to get him an editor, work with him on writing skills, and republish the book in a second edition. Because, in its current state, it is worthless.

All the best.

PS - for your reference, here are my original comments on his book (which appear on page five of this thread):

I am not saying the content of this book is bad, but I am saying the writing is terrible. Al uses 30 words when only 5 are called for, and it needs to be organized in a more coherent manner. He talks about stuff in early chapters that he doesn't explain until later chapters, and it takes a lot of work to figure out WTF.

You would think his publisher would have paired him with a capable editor, but it appears not. You need to spend a lot of time with this book, but not because it is complex or "for seasoned traders"....because it is convoluted and you have to work to figure out the point he is trying to make.

1. I wish I was getting paid, it'd be easier than trading.
2.Due to an almost obscure reference in his book on an almost ignored method for trading the first 5 minute bar, I've found an exploitable, daily edge in the NQ.
3. I totally agree with your assesment of his writing skills, as well as the abject lack of editing!

 

[Mach4-1]

Quote from IanMacQuaide:

He's updating the new site as of today.
www.brookspriceaction.com
Join it and see.

There is one born every day!

edit..every minute!!

 

[wgp]

Quote from IanMacQuaide:

1. I wish I was getting paid, it'd be easier than trading.
2.Due to an almost obscure reference in his book on an almost ignored method for trading the first 5 minute bar, I've found an exploitable, daily edge in the NQ.
3. I totally agree with your assesment of his writing skills, as well as the abject lack of editing!

Please share the above mentioned "obscure reference" or at least the page number. Tx

 

[hermit]

Quote from wgp:

Please share the above mentioned "obscure reference" or at least the page number. Tx

For starters, check the chapter on Open

 

[Boib]

I've read most of his articles in Futures Mag. and watched a couple of his webinars.

The one thing I have found is that on the charts accompanying the articles, there are several set-ups that were ignored. Surprisingly none of them worked out.

I'd like to see him trade live. Even I can make money trading off a day old chart.

I ordered the book. Who knows I might learn something.

 

[EMini-Player]

Book is very informative but it does require an extra effort to understand the concepts since the writing isn't all that great. But you know what, the book was written by a TRADER, not a professional author, and I'm perfectly fine with that.

 

[GiantDog]

Quote from Fast_Trader:

Book is very informative but it does require an extra effort to understand the concepts since the writing isn't all that great. But you know what, the book was written by a TRADER, not a professional author, and I'm perfectly fine with that.

Actually written by a former doctor with a former name who says he is a trader.

Does anyone find it strange Al changed his last name?

From his site: "Back then, my name was Albert Leveille, MD, but I changed it to Brooks because it was just too difficult for my patients, many of whom were elderly."

 

[Mach4-1]

Quote from Mach4-1:

There is one born every day!

edit..every minute!!

I am sorry..there are many born every second!!!

I am amazed at how many can just recompile some words and get people talking about it as if something new has been discovered

You will never find the real valuable books published in the right places

Deception is a set of acts that seek to increase the chances that a set of targets will behave in
a desired fashion when they would be less likely to behave in that fashion if they knew of those
acts.
We will generally limit our study of deceptions to targets consisting of people, animals, computers,
and systems comprised of these things and their environments. While it could be argued that all
deceptions of interest to warfare focus on gaining compliance of people, we have not adopted this
position. Similarly, from a pragmatic viewpoint, we see no current need to try to deceive some other
sort of being.
While our study will seek general understanding, our ultimate focus is on deception for information
protection and is further focused on information technology and systems that depend on it. At the
same time, in order for these deceptions to be effective, we have to, at least potentially, be
successful at deception against computers used in attack, people who operate and program those
computers, and ultimately, organizations that task those people and computers. Therefore, we must
understand deception that targets people and organizations, not just computers.

 

[CTan]

Quote from Fast_Trader:

Book is very informative but it does require an extra effort to understand the concepts since the writing isn't all that great. But you know what, the book was written by a TRADER, not a professional author, and I'm perfectly fine with that.

He explains all the usual stuff(staying away in a range for newbies,trading with trend lines etc) but the names given to setups are weird and the book could have been a lot simpler if setups were explained first instead of turning to glossary section to find out what the setup means.

All boils down to supply and demand in end with best trades coming in when one side is trapped badly.

Just my 2 cents.

Chris.

 

[Lamont_C]

Quote from Fast_Trader:

But you know what, the book was written by a TRADER, not a professional author, and I'm perfectly fine with that.

1. Who says so?

2. What "concepts" are new and original, that is, not just another retread of the same old stuff with a new lingo?

Remember, it has to be difficult in order for the noobs to be convinced that it's profound.