how to understand Al Brooks

[Frederick Foresight]

...if one applies it with discipline, cuts his losses, and lets his profits run, he will make money.

But it's always nice when the timing criteria are grounded in reality and don't require years of study to understand (let alone apply).

 

[volpri]

But it's always nice when the timing criteria are grounded in reality and don't require years of study to understand (let alone apply).

You mean like the Freddy Loop?

 

[speedo]

Like Fred says this is a discussion forum and it is good if does not get personal.

The market is one and the same for everyone so each trader/vendor is using different words to describe the same thing.

i have more than 20 years in the serious study and observation of markets and they just have not changed:either the bulls have control or the bears have control.that is all there is to it.

I HAVE TRADED COMPLICATED THEORIES LIKE ELLIOT very successfully, for more than 5 years before realising that the market is far more simple.
so convolutions may be also profitable.
I think Fred has a point when he says some people convolute technical analysis to self glorify themselves in order to extract money:Ross naming a pattern as Ross hook is just one example of this.

But Al does come out with fantastic stuff,maybe by mistake,see my post no 298 in this thread on this page https://www.elitetrader.com/et/threads/how-to-understand-al-brooks.320533/page-30

"Ross Hook" "Cooper 123" Bill Williams "Fractal" Raschke and Conners "Holy Grail" "Pristine Buy Sell Setup"....all basically the same thing, trend pull back entry.

 

[zenemini]

....all basically the same thing, trend pull back entry.

Something like that would never work on a consistent basis. You'll see, FF will be by to tell us so soon.

 

[volpri]

"Ross Hook" "Cooper 123" Bill Williams "Fractal" Raschke and Conners "Holy Grail" "Pristine Buy Sell Setup"....all basically the same thing, trend pull back entry.

Identical to the “freddy loop”?

 

[speedo]

Something like that would never work on a consistent basis. You'll see, FF will be by to tell us so soon.

 

[speedo]

Something like that would never work on a consistent basis. You'll see, FF will be by to tell us so soon.

Good thing I never learned that it wouldn't work as it's what I do

 

[Frederick Foresight]

Something like that would never work on a consistent basis. You'll see, FF will be by to tell us so soon.

I'm just saying it doesn't require years of study and thousands of pages to understand, although AB and JH would have you believe otherwise. They thrive on complexity because it continues to make them relevant in your life. If they were just a bit more customer oriented, they would have simplified a bare-bone concept for what it is rather than cloaking it in unending complexity and equivocation to awe and mystify, and continue to draw a crowd.

 

[Xela]

I'm just saying it doesn't require years of study and thousands of pages to understand

Unfortunately, you're not "just" saying that, at all: if you were "just" saying that, the number of people objecting to your posts wouldn't continually be increasing, and you'd have a perfectly fair and reasonable point there, as far as it goes.

The problem here is with all the other things you're also saying, and more specifically the way you're saying them, and the fact that sometimes when people try to discuss them with you, you resort to impugning their integrity in public, by casting aspersions about their identity and even questioning their religious views.

And that's downright obnoxious behavior.

 

[zenemini]

Unfortunately, you're not "just" saying that, at all: if you were "just" saying that, the number of people objecting to your posts wouldn't continually be increasing, and you'd have a perfectly fair and reasonable point there, as far as it goes.

The problem here is with all the other things you're also saying, and more specifically the way you're saying them, and the fact that sometimes when people try to discuss them with you, you resort to impugning their integrity in public, by casting aspersions about their identity and even questioning their religious views.

And that's downright obnoxious behavior.

I have FF on ignore, but I imagine that your reply must be in response to him. I knew he'd be by soon. He just can't help himself, which is sad. Because if he won't help himself, how is anyone else to help him?