how to understand Al Brooks

learner88 said:
For long-term traders, is Al Brooks' teachings relevant?

You mention Al Brooks focuses mainly on higher time frames. Seems like he looks at 5-minute charts. I wonder if long-term traders can learn useful things from Al Brooks that can be applied to long-term trading.
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I don't see any reason why not. He also uses it on his daily & weekly update at his website. Check it out for yourself.
My opinion is his video is broad base to easily understand his concept but the details of trading setup, signals how to is in his books. It's pretty much common sense once one has realized the common sense of a bar in a bar chart. Some of his setups have very crazy SQL (System Quality Number ala van Tharp) so having fun figure it out.
Myself, I prefer the 1st book. The other 3 are too wordy for my taste. But I'm a person who can read uW engineering PhD thesis w/o falling to sleep so that's that.

Good luck.
 
Guys,
really what this Al Brooks is doing is taking action after the Facts. it is good for nothing really.
it is total bullshit. if this candle is larger than the previus n-bars and we have a range bla bla bla.
ever watched the DOM and whats going on inside the candles? do you think all these big funds are looking
which candle did Close where in relation to previous two or four bars. its total bullshit.

dont waste your time with this crap. it is not worth the money and time.
 
Frederick Foresight said:
Sure, bro. Let's get this straight. First the guy writes an incomprehensible book. And then, recognizing that he left most (all?) readers holding the bag, he sets out to clarify and simplify his thinking by...writing three more books for an additional 1,680 pages. How's that for clarity and simplicity? Because, if I remember correctly, the original rationale for his writing 3 more books was to make better sense of his first one.

Welcome to the scientology of trading.
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yes you certainly said it as you see it....that is why i prefer the videos
 
Frederick Foresight said:
You have a point. But this is a forum for the exchange of ideas and opinions. I readily support and defend some books, and I criticize others. Why is a criticism less valid than an endorsement? Why can his supporters be more repetitive than his detractors? I don't know the man. I never met him. He might be a good guy; he might be brilliant. But I wouldn't know it from what I have read in his book. And it is his (first) book I am judging, not the man.

And that focus of which you speak? Why can I not find it anywhere in his book? However hardworking he may be, as far as his writing is concerned, he phoned it in. So why should I give his book more consideration than he did?
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i really like your focus...and am enjoying this discussion...

his books are terrible....that is why i say do not touch them...his videos are really simple and some of his points about the market are great: such as if the market tries to go down 2-3 times and fails, it will go up

what is more simple or truer than that? see the chart first attempt down is marked 1 and second attempt down is marked 2: see the rally after that
et.png
 
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traderGOD said:
they say a picture is worth a thousand words and instead of buying his books, i recommend buying his video course or just seeing some of his videos on you tube: here a few i found really good; his thinking is totally out of the box and is very logical and simple.
to answer your question 1 i have found videos a lot easier to understand and a lot of less effort! i fell it is easier to see news on tv than read it in the paper.
i have been reading his books since ten years but i just could find any actionable strategies though there is a wealth of information.I feel i have learned all from Al though i have a vast knowledge about technical analysis having read my first book in 1994; i really love his out of the box thinking.nothing wrong with all the other technical analysis methods ....


thanks for interacting with me;trading is a lonely activity and i have only one trader friend in the real world.
let me know if you need anything; i started buying stocks in 1994 before internet trading so i can give advice. i live in India.
keep in touch
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traderGOD,

Thank you so much for sharing. I appreciate your effort in responding. I will review the videos over a good cup of Starbucks coffee.

Thank you
 
SkyChef said:
I don't see any reason why not. He also uses it on his daily & weekly update at his website. Check it out for yourself.
My opinion is his video is broad base to easily understand his concept but the details of trading setup, signals how to is in his books. It's pretty much common sense once one has realized the common sense of a bar in a bar chart. Some of his setups have very crazy SQL (System Quality Number ala van Tharp) so having fun figure it out.
Myself, I prefer the 1st book. The other 3 are too wordy for my taste. But I'm a person who can read uW engineering PhD thesis w/o falling to sleep so that's that.

Good luck.
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it took me 10 years to understand him.....but now i find trading real easy
 
SimpleMeLike said:
traderGOD,

Thank you so much for sharing. I appreciate your effort in responding. I will review the videos over a good cup of Starbucks coffee.

Thank you
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you are most welcome, mate.....let me know if you have any questions ....it is really difficult explaining in writing ..it would be very easy in person ......but at the risk of confusing you, i will certainly give it my best shot.
enjoy your coffee: i envy you starbucks is not in India where i live
 
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or another example it should be self explanatory.... the two attempts up are marked 1 and 2. in Al's language it is a classic example of failed high 2.why does anybody work if trading is so easy? in any case if it is not clear and there are questions please ask
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Al has not reinvented the wheel or discovered something very new: you may observe that his H2/L2 is very much like the double bottom or double top of classical analysis. so i am surprised when people say Al is rubbish

the bottoms and tops may not be exact but then nothing is exact in markets..'close is good enough' as Al says
 
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