I have bought Al Brooks' Trading Course
- Thread starter Visaria
- Start date
I thought you were a TA advocate? (I may have you confused with someone else)
I think you have. Autodidact is I think really good at what he does, and I think his approach is 100% mathematical. TA is difficult to code in my opinion based how some use it, but if you go about trading via indicators and formulas, and come up with stats that have an edge, then its not too difficult to see how you can make this work.
Ah.. yes... its had to keep all these guys in check. Sometimes I feel like I need to make a little cheat sheet for myself and keep a track of who posts bullshit and who thinks what of whom, and who actually makes money, and .... (LOL) You'd be surprised how often I came across posts of people who kept preaching like they knew their shit, and then in some other thread you find out they are still look for an edge or aren't even profitable.
Accepting the basic premise of TA is not an all-or-nothing proposition.
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I am an advocate of TA just not the kind of crap people write about.
Why is it so difficult? Can you add some color please. thanks
A lot of the difficulty from Brooks' teachings, and in my opinion this is a red flag warranting skepticism, is that Brooks tries to abstract his teachings by looking at charts in an after-the-fact and detached theoretical manner. I think it would be much more enlightening as well as strengthen the educator's integrity, if they could teach by showing in real-time, e.g., how they quickly found and traded a lower-high major trend reversal, from watching the close of 5 minute bars, following a gap down in yesterday's ES price action and how they exited at a target of support and how they placed their stop slightly above resistance, making sure that the stop does not get hit by noise while also controlling risk and having a proper risk to reward ratio of 1:2 or higher. If you can't teach people to do that in a tangible and concrete way in real-time IMHO you shouldn't be considered an educator, this is too dangerous a business to attach such a positive word so liberally to a mere collection of information.