how to understand Al Brooks

[padutrader]

I think it's to be expected that it's going to be hideously complicated to follow

the way Brooks explains it yes.
but not if it is explained this way:

take what everyone is told 'buy low sell high'

this is not wrong but as usual the whole story is not told.

the correct way for a trader is buy low IN THE TREND and sell high IN THE TREND

so what is the trend? a bar -whatever time frame- visually shows a trend.

so take any bar and buy at low and sell at high......stops below the low and above the high

this gives a good RR.

i am not sure why Brooks had to write 3 books to explain this. Unless his idea was to confuse the hell out of the competition [who is us ]

he certainly confused me out of 20 years and 300,000 usd.

 

[padutrader]

I was wondering if @padutrader s success was more due to his experience

not experience... observation and common sense..... common market sense

 

[SimpleMeLike]

shit i cant believe i started this thread

no one can understand him

Hello padutrader,

It is not that anyone can understand him, the challenge his students have is making money trying to understand him. We all understand him, but the mental brain needs to see money when hard work is applied.

 

[SimpleMeLike]

he certainly confused me out of 20 years and 300,000 usd.

Hello padutrader,

I appreciate your transparency. I am VERY sorry to hear this sir. I really am very sorry.

In my humble opinion, I do not think its fair to you to study so hard with price action theory and still lose like this.

I do not believe trading should be this complex.

 

[MACD]

the correct way for a trader is buy low IN THE TREND and sell high IN THE TREND

so what is the trend? a bar -whatever time frame- visually shows a trend.

so take any bar and buy at low and sell at high......stops below the low and above the high

this gives a good RR.

BRAVO ! ** Padutrader -- This is a GEM and should be valued as a "Best of EliteTrader" Thanks

 

[SimpleMeLike]

BRAVO ! ** Padutrader -- This is a GEM and should be valued as a "Best of EliteTrader" Thanks

Hello MACD,

It's only the best if performance stats matches the trading theories.

However, it's good simple logical way to trade

We all have great trading theories.

 

[MACD]

 

[SimpleMeLike]

the way Brooks explains it yes.
but not if it is explained this way:

take what everyone is told 'buy low sell high'

this is not wrong but as usual the whole story is not told.

the correct way for a trader is buy low IN THE TREND and sell high IN THE TREND

so what is the trend? a bar -whatever time frame- visually shows a trend.

so take any bar and buy at low and sell at high......stops below the low and above the high

this gives a good RR.

i am not sure why Brooks had to write 3 books to explain this. Unless his idea was to confuse the hell out of the competition [who is us ]

he certainly confused me out of 20 years and 300,000 usd.

Hello padutrader,

Al Brooks is what us common people call a Hustler. I can spot a Hustler in trading in about 5 minutes tops. A Hustler is someone who talks very good with the main focus of taking your money and time and effort. They sell you dreams

He can sell black stripes to a Zebra if he talk long enough.

 

[Frederick Foresight]

IN THE TREND

so what is the trend? a bar -whatever time frame- visually shows a trend.

so take any bar and buy at low and sell at high......stops below the low and above the high

Outstanding! Except how do you know when you’ve reached the low of the bar in order to buy it in real time? And how do you know the high except after the fact? Have you been messing with time machines again?

Also, you define a trend on the basis of a single bar? That’s a little light, wouldn’t you say? Rather minimalist of you.

 

[schizo]

He can sell black stripes to a Zebra if he talk long enough.