"Scientific merit" such as David Goodboy and Price Drivers?
MarketSurfer got killed by Hammerhead sharks,
2018 ET,
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how to understand Al Brooks
- Thread starter padutrader
- Start date
MarketSurfer got killed by Hammerhead sharks,
2018 ET,
Not so at all, actually - the key difference being that homeopathy is a load of old bunkum which has never had any scientific (or even statistically valid anecdotal) evidence for it at all, whereas in the case of Al Brooks' teaching, trading forums are teeming with people - like myself - who have been trading professionally for many years, all saying openly that we probably wouldn't be making a living at all without having studied it at great length and in great detail (and heaven knows there's no other productive way to study it).
This is a hugely controversial subject in forums, partly because of the prevalence of the people who have struggled for a very long time with his books and eventually abandoned them (understandably - I was nearly one of them, myself, but the strength of the recommendations I'd had, from people I knew were making a living by following them, made me super-persistent, which most people really have to be, with them. I used to think the problem was with me, because English isn't my first language and I didn't speak, or even read, it then nearly as fluently then as I do now, but I was probably wrong to imagine that, given how many native English-speakers apparently have exactly the same problems reading them that I also had).
The video-course didn't exist, when I started.
Although much of the content of the books is absolutely brilliant, and amazingly helpful, they're really not particularly well-written, and they're terribly badly and unprofessionally edited (and his publishers should be ashamed of themselves). Let's just say that as writers go, the good Dr. Brooks is a great eye-surgeon.
However, it really is worth persisting with them - as attested to by so many members here and elsewhere. It's a real learning-curve, but ultimately - for so many of us - a very profitable, productive and worthwhile one.
That's certainly a very common (and completely understandable) experience.
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I thought that was an instructional video by surf on how to trade against the trend.MarketSurfer got killed by Hammerhead sharks,
This video is basically MS, he use to always post photos of his feet on a paddleboat canoe,
Maybe so, but I found Brooks's narrative too slippery for my taste. And homeopathy comparison aside (which I thought was a good joke in the context of the OP's comment about not reading his books), I still stand by my second post in this thread.
As it has been said before by people far more perceptive than I am: "Any damn fool can make it complex, but it takes a genius to make it simple." What does that say about the good doctor?
I hear you - and fair enough (you're not alone there, of course).
"Any damn fool can make it complex, but it takes a genius to make it simple." What does that say about the good doctor?
I think it says that he's a much better trader than he is a writer, and that he both needed and deserved better from his publishers (who do actually have a respected editorial department, on this subject, though you'd never know it from Al's books!) than he got.
Well, from my exposure to the first hundred or so pages of his first book, I did not get the impression that he had clarity of thought. He was unfocused and all over the place. So I think it has to do with his mental processes as well as his writing style. His stream of consciousness style of writing would suggest that he was a fan of James Joyce.
If you your trading has benefited, then I have to wonder how much of was due to the content of his book(s), and how much is the result of your Trojan persistence to succeed at whatever it is you set out to do.
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traderGOD,
Thanks for sharing your thoughts. I have highly considered purchasing an reading Al Brooks Price Action books for reading to enhance and build my price action skills.
Few questions:
1. What is the major difference between reading the Al Brooks books and watching his videos that lead you to better trading?
2. Do you feel your price acting skills was all learned from Al Brooks teaching? Or did you have to see other training or studying?
Thanks
Sometimes trends change, as in 2007/08, which he foresaw.
I have no doubt that he foresaw 20 of the last 5 trend changes.
And do you really need to "foresee" a change in trend? Is acting upon one that has already presented itself so verboten for such a man of consequence?
P.S. How much did he net from that display of clairvoyance?
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