how to understand Al Brooks

[volpri]

Well I'll give you guys this...
If you can spend 26 pages of time thus far arguing on and on about Al Brooks, you may as well waste more time & read his book.
LOL

To do so would not be waste of time rather a wonderful investment of time.

 

[padutrader]

To do so would not be waste of time rather a wonderful investment of time.
View attachment 185446

brilliant
is this copywrited
i am copying to post on facebook

 

[SkyChef]

And there is 16.6% chance, one of them is an erotic enthusiast crying out "it's 69, for god's shake".

Less humor, more math intuitive.

 

[padutrader]

And there is 16.6% chance, one of them is an erotic enthusiast crying out "it's 69, for god's shake".

Less humor, more math intuitive.

View attachment 185449

yep
nice one

 

[zenemini]

Just that I remember the old "debates" about Larry Williams

Larry has had some issues, to be sure. But I learned something from Larry about price and range that I use to this day.

So when Brooks presented himself as a professional trader with an indecipherable book

I am not a Brooks trader nor an acolyte. His book is very poorly written - so much so that I would not recommend anyone waste his or her time with it. I don't know if I'd call it indecipherable. But it is certainly something in need of "ciphering" before one will get anything of value from it. I did look at his video course, and I am hard pressed to come up with anything negative. Imho, it is cheap relative to the value it has for a new trader (or a long time perennial loser).

So when Brooks ... offered a subscription real time trading chat room service

I do believe it is a "real time chat" room for educational purposes, and not a "real time trading" room for the purpose of making live public market calls. Such real time market calls are only found in the ES Journal at ET.

 

[padutrader]

Larry has had some issues, to be sure. But I learned something from Larry about price and range that I use to this day.



I am not a Brooks trader nor an acolyte. His book is very poorly written - so much so that I would not recommend anyone waste his or her time with it. I don't know if I'd call it indecipherable. But it is certainly something in need of "ciphering" before one will get anything of value from it. I did look at his video course, and I am hard pressed to come up with anything negative. Imho, it is cheap relative to the value it has for a new trader (or a long time perennial loser).



I do believe it is a "real time chat" room for educational purposes, and not a "real time trading" room for the purpose of making live public market calls. Such real time market calls are only found in the ES Journal at ET.

you make some good points
Al did help me not only to read price action logically but also market action.
You may see example of this type of reasoning which i have learnt from Al in my new thread 'forex trading'

Unfortunately you have to learn his lingo to comprehend him and he himself has stated in his preface and else where that his book is not 'an easy read': that may be an understatement

 

[volpri]

brilliant
is this copywrited
i am copying to post on facebook

I don’t remember where i got it from so i don’t know.

 

[padutrader]

I don’t remember where i got it from so i don’t know.

that was a joke the copywrite i mean

 

[smileypete]

do you need a certified and verified market guru to tell you what to do-buy or sell- when you see the chart below?
View attachment 185409

Problem is, very few market gurus can do this in forward testing or as part of a verified track record. It's always in hindsight, like the example given above.

 

[padutrader]

Problem is, very few market gurus can do this in forward testing or as part of a verified track record. It's always in hindsight, like the example given above.

i am not sure what you mean by hindsight....in the example and chart shown , if you had sold on the last bar shown, you would have made 86 pips profit