how to understand Al Brooks

[padutrader]

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

wrbtrader

yep ....even his gap bar trades are just pull backs to the ema but in a range they are a huge money spinner.........market ranges 90% of the time!

 

[padutrader]

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

hahaha.....yep pub hoppers got their priorities right!

 

[padutrader]

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

yep all geniuses are almost insane ...but not quite!!!!

 

[padutrader]

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?

it tells you that he is giving too much information....leads to paralysis by analysis....what does Al tell you....in a trend buy pull backs to the ema, in a range fade moves away from the ema.

in fact, this is what any successful trader will tell you....beginners are always trading the trend or breakouts which 90% of the time do not exist!

this is simplicity in itself...
that is all you need to consider all the info you need.
Al is not mad but i think buying his books is madness!

 

[padutrader]

a second gap bar, in sideways ema or range, is a two leg movement,and so is a very high probability trade.

the market gives you these trades all day long: as Al says ' the market trends 10% of the time and remaing time it keeps giving you gap trades.'

these are essentially failed H2 and L2, and they will fail because market is sideways

 

[zenemini]

H2 and L2

You sunk my battleship

 

[digitalnomad]

a second gap bar, in sideways ema or range, is a two leg movement,and so is a very high probability trade.

This is a ridiculous basis for establishing market bias. Have you even defined the probability for yourself?

It’s time to retire from this forum ladies and gents. Tired of sifting through all the crap. Appreciate all the valuable insights and rational discussions. I wish you all good fortune.

 

[padutrader]

This is a ridiculous basis for establishing market bias. Have you even defined the probability for yourself?

It’s time to retire from this forum ladies and gents. Tired of sifting through all the crap. Appreciate all the valuable insights and rational discussions. I wish you all good fortune.

yes i have seen the probability for myself- by putting money on the line.
it is a trading opportunity....whether it is suitable for your trading profile and style you decide

 

[volpri]

it tells you that he is giving too much information....leads to paralysis by analysis....what does Al tell you....in a trend buy pull backs to the ema, in a range fade moves away from the ema.

in fact, this is what any successful trader will tell you....beginners are always trading the trend or breakouts which 90% of the time do not exist!

this is simplicity in itself...
that is all you need to consider all the info you need.
Al is not mad but i think buying his books is madness!

Are you saying the sum of his methodolgy could be written on a napkin?

 

[volpri]

This is a ridiculous basis for establishing market bias. Have you even defined the probability for yourself?

It’s time to retire from this forum ladies and gents. Tired of sifting through all the crap. Appreciate all the valuable insights and rational discussions. I wish you all good fortune.

Going back to the arctic circle to “chill” out?