BAR BY BAR -- Al Brooks

easymon1 said:
Here's my point. The opportunity cost of absorbing The Brooks Bible before mastering any
single aspect of it is a redonkulous fee. Daytrading noobs and strivers - consider focusing on one
simple setup, on one timeframe. To pull a Padman and spend decades on the elephant of
Brooks at the expense of never mastering one single simple Brooks setup is imho, BWOT. (Big
Waste Of Time).
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Hello easymon1,

Very good statement you wrote here.

You are correct.

The opportunity cost of study all that price action and in X years to still have no money is very PAINFUL.

I guess that is where the fun starts and keeps us going.
 
easymon1 said:
Pick one. Test it. Master it. Trade it. Simple.
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Hello easymon1,

I am sorry to say, but this will not work.

It is best you get rid of these words, cause they are all marketing words used by Trading Gurus to sell customers books.

Throw this words away:

1. One Method
2. One Setup
3. Back Test.
 
easymon1 said:
Yeah, life's too short to grok the entire Brooks Dogma imho.
Lots of those attempts lying off to the side of Traders Blvd, who never mastered even the simplest of Brooks setups, know what I mean vern? Padman.

Day traders can do fine by doing stats on setups and triggers and working the ones that produce.
So when his first book prints this, it is just a short chapter 30 minutes and done, holmes, and
View attachment 313433
a trader can investigate that for himself, use the information from multiple sources and charts and timeframes and a rules based trader can draft some prototype rules. Do stats. Hone the rules. Pass or Fail the method. Go from there.
Done. Next case.
Not a decade or lifetime persuit, lol. Philosiphizin' is a different persuit involving advanced handwaving arts, imho.
Results speak and resonate. To each their own. Everybody has the same 24 hours in a day and no two traders trade alike. and some no longer 'trade'.
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Hello easymon1,

My good buddy Padu.
 
easymon1 said:
Yes to 'having read, yes to studied the setups of interest, and mos def yes to having digested and absorbed the information that is tested for productivity that he touts along with many other sources on pullbacks and breakouts. It is not rocket science.
Mastering Brooks is not the objective. Mastering setups is.
Implementing a productive method that Brooks touts as well as any others that emerge is the objective. Cashola is the objective, lol. So to your observation may I comment with a robust:
View attachment 313436 in your own artistic way.
As the 80 20 rule states, "Be Selective, Not Exhaustive." Yowsuh!
20% contains 80% of the benefit. Sometimes 2% contains all ya need. LOL
Wishing you nothing but good luck for the future!
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Hello easymon1,

Setups will not make you money trading.
 
easymon1 said:
Many fail to sieze and master even a single aspect of the Big Al Bible and throw the baby out
with the bathwater in frustration and disgust.
It is not necessary to absorb the entire bulk of Big Al's prodigous output in order to profit from
his published protocols which are freely available online and fleshed out by others as well.

Like Trendlines and Trend Channels? Big Al's got a chapter on em. So do a thousand others.
Why eschew Brooks' treatment of them? It's out there free, same as it is at a hundred other
links.
Like trading Pullbacks? Like trading Breakouts? Big Al's got a chapter on em. So do a thousand other people. Why eschew Brooks' treatment of them? It's out there free, same as it is at a hundred other links.

Here's my point. The opportunity cost of absorbing The Brooks Bible before mastering any
single aspect of it is a redonkulous fee. Daytrading noobs and strivers - consider focusing on one
simple setup, on one timeframe. To pull a Padman and spend decades on the elephant of
Brooks at the expense of never mastering one single simple Brooks setup is imho, BWOT. (Big
Waste Of Time).
Pick one. Test it. Master it. Trade it. Simple.
Reading price charts bar by bar. Brooks
https://elitetrader.com/et/threads/...ooks-the-padu-way.363080/page-32#post-5803206
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Hello easymon1,

You have no choice but to study Al Brooks, everything else is too complicated.
 
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