I have bought Al Brooks' Trading Course

[J_Smith]

No, not so it will give you a decision making edge. You can see where they have been, but not where they are going. surf

So if you can see where they have been once, can you see it again?
J_S

 

[EPrado]

First it's impossible to prove a negative.

With that said, there is ample evidence, that's easy to understand in David Aronson's Evidence Based TA and apparently in the new "fooled by TA" book ( which i have not read or even seen yet beyond a review.



surf

Impossible to prove something that you go around saying over and over ? So then how can you say it ? So basically you have nothing to validate your claim.

Nice job Surf. Keep up making yourself look like a fool.

 

[EPrado]

Surf if you don't want to use TA then don't use it. Why must you invade every damn thread that talks about it attenpting to convince a largely resistant audience to listen to your opinion on it?

Let it fucking go - we're tired of hearing about it and it's been beaten to death.

Thank you. This is my point. He has made it well known to everyone on ET his feeling. Everyone on this planet knows where he stands with his opinion. Enough already of invading every thread where the letters T and A pop up and poisoning the thread.

Baron basically threw him out of hear for the same exact thing last time. Maybe Baron should reconsider ?

 

[EPrado]

Ok, i tried.

If u don't like Marketsurfer insights, put marketsurfer on ignore and poof he is gone.

Please do. Thanks,

surf

How about instead you stop inserting your beyond overstated opinions in every damn thread on this topic ? Why should every person on here have to place you on ignore instead of you stopping with trashing all of these good threads ? Why should 99% of the people on here have to do something when you can fix the problem by stopping ?

 

[EPrado]

EPrado and all,

I recommend you guys leave surf alone. He's very confused and he's own a broken record that keeps spinning while repeating the same tune.

Seriously, he posted brokerage statements of Timothy Sykes here at ET to prove his friend is a profitable trader while he didn't acknowledge his friend uses TA/PA in his trading until I said something about it.

His response is that his friend uses TA/PA with other things but only for descriptive purposes. I then posted Sykes own words that TA/PA is being used for "trade decisions".

Simply, surf has his proof and those statements he posted of a profitable trader that uses TA/PA can't be erased. He's also on record here at ET in stating that the PA method called "The ACD Method" looks like its useful. That thread is frequent by his other friend name Maverick that carries the thread. Very strange, surf does not go into that thread and tell anyone that uses that PA method that he wants to see proof, its luck or anything...he stays clear of the thread and its the LARGEST and LONGEST running TA/PA thread here at Elitetrader.com

As you can see, if you're not a friend of surf...TA/PA is not useful. In contrast, if you're a friend of surf and you're profitable...he'll go out of his way to prove that his friend is profitable but he will minimize as much as possible the TA/PA aspect of your trade method because he wants to maintain the facade that TA/PA doesn't work.

Heck, I wouldn't be surprise if there's other TA/PA users besides Sykes and Maverick that he doesn't want us to know that he supports while knowing they use TA/PA to help with their trade decisions. Therefore, the next time he ask for proof...just remind him that he's already posted that info himself here at Elitetrader.com via the brokerage statements of Timothy Sykes.

***It all changed for surf when he posted Sykes brokerage statements to prove that Sykes in fact was profitable trader.***

P.S. As a reminder, the biggest TA/PA thread here at ET @ http://www.elitetrader.com/et/index.php?threads/the-acd-method.170318/

Its begin date is July 16th 2009...that's +6 years and still going strong.

Let surf explain why he's not in that thread demanding proof from Maverick and every other TA/PA user in that thread. Seriously, in light of Sykes and The ACD Method thread, surf's TA/PA debates doesn't pass the smell test.

I hear you. You make a ton of good points. My problem is he inserts himself in these threads all of the time, so it's tough to ignore. You are 100% right. If he is friends with the guy he will agree no matter what. While I think Sykes act is ridiculous, he takes the same approach as any TA guy. He has proven his methods work. On a small scale perhaps, but they work.

I have asked Surf why he doesn't try and spread his anti TA bs into The ACD thread. He won't answer. Well...the reason is Maverick would destroy him. Those guys have proven their shit for a long time, so Surf, being a bit of a chicken, is afraid to go there.

 

[EPrado]

When I see people engaging endlessly with Surf, then getting upset at his intransigence, and here and there people hinting or calling for him to be banned, I start to get upset.

Surf is not the problem. You are. Yes, all of you who argue endlessly with him. He is just exercising his right to air his views. Who gives a flying fuck what he thinks about TA? If tomorrow, Surf says 'Hallelujah, I have seen the light, TA works', is that going to make your life better? Will you make more money, after all that is the only bloody reason we are all in the markets, so will you?

Understand one thing. No matter what you say, he will reject it. He does not want to be reasoned with, he will not be convinced. Way back I engaged with him. Provide him proof that there are day traders who have profited off PA, like Marty Schwartz, he will say that was in the old days, the market has changed. Provide him proof of someone doing it today, like CIS, and he will say they are savants. Provide him a paper on a study proving trends exist, and he will say there are no footnotes, so it can't be respected. Provide him with another one that is complete, he tells you he will send it to his friends who know more and get back to you. You never hear any more about it. I did, he said he'd get back, he never did. I can't be bothered, search for that thread and you will find it.

Surf is like a toddler who is being a pain in the arse purely to get attention. Smart parents ignore the little shit. You lot need to do the same.

Oh, and let me share one more nugget with you brilliant lot who argue endlessly with him.

There is no difference between his Price Drivers and TA. Price Drivers supposedly collect current information and predict the future. Note, CURRENT information. Well, as I write this, current has become historical. Markets, the world, all change by the millisecond. What Surf uses in his Price Drivers (I quite like the wag who called them Pile Drivers) becomes historical as he collects the data. Yes, shock, horror, Surf is using historical information to predict the future. Sounds like TA, except with TA, we make no claims to predict, we only talk about probabilities. If I'm walking in a northward direction, some will say my next step will be North, some will say my next 100 or 1,000 or 10,000 will be. Scalpers, Swing Traders, Trend Traders, all cut losses if their premise proves false.

Here, don't take my word for it, I'm just an anonymous internet poster, see what Seykota has to say about it.

http://www.seykota.com/tribe/tsp/trends/index.htm

That's my rant for this week. I expect a really interesting time in the markets this week given Friday's afternoon action in the Dollar pairs.

See you all next weekend, good trading.

I made the same exact point before about what he does. I agree with everything you say here....but....my problem is he derails a lot of good threads. But I can't argue with anything you say here.

 

[wjk]

Hopefully Visaria starts a separate thread to give his final report on the course.... this has gone wayyyyyy off topic.... LOL

No, he shouldn't. It will end the same.

I have mentioned Brooks in almost every one of my posts. Others have eluded to his method, as well, and I await what Visaria has to say. All threads go off topic, and to be honest with you, so what? As long as it returns to the point. A little humor and entertainment along the way is OK by me. No disrespect intended by my response to you. If you're jesting and I missed it, my apologies. I think this thread is essentially still on topic. It only takes one post to get back to the original point, wouldn't you agree?

So, what do you think of Brooks? (Sorry to ask if you've already made your case earlier in the thread about Brooks...old grey memory isn't what it used to be).

 

[dealmaker]

A Brief Intro to Charting By Abigail Doolittle

When some people hear the terms ‘charting’ or ‘technical analysis,’ they think about tea leaf reading, tarot or voodoo. Nothing could be further from the truth.

Technical analysis, and one of its simple braches called charting, is not about magic, making something out of nothing or accessing unseen forces.

Rather, charting and technical analysis are about one thing and one thing only and this is trend identification. It all boils down to discerning the trend in a given marketplace to determine whether the buyers or the sellers are in control. Once this determination has been made, one can choose to invest with the trend by going long a security if the buyers are in control on an uptrend or one can avoid owning a downtrend when the sellers are in control or even go short.

Something that makes this type of investing powerful is the fact that it takes into account all of the information about a given marketplace including psychology. After all, if you assume that buyers buy as low as possible based on all factors influencing their decision and sellers do the opposite, everything impacting a marketplace is captured by the trend at hand. This is why proper trend identification can be so valuable and is worth learning about.

Important to recognize is that trends can be identified over the near-term, medium-term and long-term for different styles of investing. One thing all three have in common is the fact that no trend stays in place forever.

As such, it is equally critical to determine how long a given trend is likely to last before it reverses slowly and then suddenly. Patterns with funny names like ‘Head and Shoulders Top’ and ‘Rounding Bottom’ are ways to gauge how long a trend may stay in place as it breaks out initially, up or down, and again as it appears to be ending in the whipsaws of a neutral sideways trend where the buyers and sellers are duking it out for control.

If this seems simple to you, it’s because it is. This should be reassuring whether you’re a total novice who wants to learn more or a complete pro.

After all, charting can teach you something about life beyond the charts. Go with the flow because the trend is, in fact, your friend.

 

[Visaria]

I'm still going through Al Brooks's videos. Well over half way through. I've been taking notes. Will not bother watching all of them. Should be done by the end of the week. Will report back here.

Happy for posters to discuss TA and anything else on this thread.

Re Surf, he's just causing a bit of mischief. Don't let him wind you up. His pile driver thing is just as effective (or non effective depending on your point of view) as charting/TA, fundamental analysis, stat analysis , tea leaf reading. As my mate Ed Seykota would say, nearly everything works some of the time and nothing works all the time.

Surf is a bit of a salesman, likes to create an aura of mystery re his pile drivers thing. Don't let that fool you, it's just a load of bollocks like everything else!

Thanks for reading

Vis

 

[londonkid]

There are lots of correlations between fishing and trading. Every trade is like a cast and u need to match your strategy to the conditions.

surf

another correlation is if you throw out enough bait someone will bite lol