I have bought Al Brooks' Trading Course

Can someone please summarize what Mr Brooks is trying to convey as the main focus point, for i have found that they all have a main point they focus on.

Mr Hawaii - Breakout trading of PDH and PDL - that is it in a nutshell!

Todd Mitchell - MFAM - market flow analysis method - now to be fair, this is somewhat OK, but is lacking many things that Todd knows nothing about!

Larry Levin - Market profile and One Time Framing - nah, not required at all these days with the new HFT boys in town

Mr Brooks must have a main focus point?

J_S
 
wjk said:
OK. One last post. Surf, my friend, I didn't buy Brooks because he promised I'd make money. I became familiar with his work through Futures, a respected trading magazine. His approach seemed different than what the other Gurus and high priced courses of the past had to say or offer.

I bought the books because I knew they would give me a different, and possibly a greater understanding of the markets, the why and how of the way they work, so to speak. It's up to me to use that understanding to my advantage or not. It has worked to my advantage on many levels, so far. And I can assure you, he could not have put those books together in a quick period of time, which is why I don't lump him in with the others. It was a tedious work at best, and worthy of a much higher price tag just on the hours alone if one charged by the hour for such an endeavor. I challenge you to read his books, the new ones, though it may turn you into a PA guy:eek:!:)

Now forget about us TA guys, and go have a great weekend!:)
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Ok, my trading brother, thanks for the explanation. have a great weekend!!
 
dratsum said:
There's recurring themes throughout everything Brooks does.

Tell me what BOB is. Give me another clue.
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Yes, but there must be one obvious main theme that stands out?
Can anyone who has studied Mr Brooks material please note any of his references to a BOB - what I am talking about is not a Break Out Bar, but it does have Bar in it.

J_S
 
i960 said:
BOB? I dunno man... T-Bond vs. Ultra T-Bond spread? Kill the mystery.
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No, but that sounds interesting :)

BOB applies to any instrument, on any timeframe.

I can not tell u until someone at least gets close, for the whole purpose is to see how long it takes those who are "studying" other peoples material to come up with tha answer!

I would think that it has been covered by someone who professes to know enough about TA and PA so that they can charge people money for same, but having said that I have not come across it in all the rubbish I have in my 6x4x2 cardboard box at home:rolleyes:

I would say that someone has covered it though, let's see if Mr Brooks has?

J_S

oh yeh..my cardboard box is in feet..not inches :)
 
marketsurfer said:
Remmber charts only exist after price has moved. Using them demands that you guess on the next move. Doesn't make much sense to me.
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So.....a crime only exist after the criminal has committed the crime. The police will use facts and evidence on the site of the crime so to catch the criminal......so you are saying this is all guesswork and does not make sense.....so the entire police investigation based on crime/law doesn't make sense to you?
 
Blueline said:
So.....a crime only exist after the criminal has committed the crime. The police will use facts and evidence on the site of the crime so to catch the criminal......so you are saying this is all guesswork and does not make sense.....so the entire police investigation based on crime/law doesn't make sense to you?
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It is very obvious to anyone who knows anything about trading, that those who "ignore" charts haven't the first clue what they are at, and one would be much better off to keep miles away from such people, as if one is foolish enough to listen whatever ridiculous rantings they come up with - well, let's just say one will discover when it's too late!

Salesmen will never be good traders, for they are not honest, as honesty does not make them sales - their main focus is on deception, as when you make someone buy something they do not need, you are deceiving the person!

Most of them fail to realize, that, what goes round comes round.

J_S
 
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