how to understand Al Brooks

[SimpleMeLike]

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 View attachment 185204

Thank you for the example. Great explanation.

 

[volpri]

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.

ROFLMAO maybe his books are written for incomprehensible minds??

 

[Frederick Foresight]

ROFLMAO maybe his books are written for incomprehensible minds??

More likely than not.

 

[volpri]

More likely than not.

Or maybe they are written for really intelligent minds??

 

[volpri]

Or maybe they are ....well....just written and only really sharp dipsticks (like me) understand them?? ROFLMAO

 

[Frederick Foresight]

Or maybe they are written for really intelligent minds??

Go with your first instinct.

 

[wrbtrader]

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

Interesting observation...same price action but viewed/explained differently. Some will get it and others will not. Nothing new about it all.

wrbtrader

 

[volpri]

If you are trading bar by bar the “close” is very important. Ask any pub hopper.

 

[volpri]

It takes 2 to 5 years concentrated study to understand Mr Brooks (depending on how inteligente you are) and 1 to 2 years practicing “live” the concepts but then a body may very well be set “for life.”

Most can’t make it through the first 100 pages of book one.

What does that tell you?

 

[piezoe]

I love the title of the thread. May i suggest that perhaps Al Brooks is insane. Just want to throw that out for consideration.