I have bought Al Brooks' Trading Course
- Thread starter Visaria
- Start date
As traders we use whatever complicated logic works and we're thankful when something works. But the fact remains logic is fractal and the v best logic is so extremely strong it's subsets need little if any adjustment across time frames. It simply works. It is this fractal nature of logic that is the *** only *** reason price is fractal but price is indeed fractal.
Determining the direction price is moving and if price is at a good value are mutually exclusive traits where it's difficult to find both favorable at the same time due to the way direction is commonly determined. When price is at a ceiling it's moved so far north it appears to be moving up. But if direction is determined based on how price has been reacting to floors and ceilings recently then both value and direction can be favorable at the same time. Especially combined with an event which says the more commonly perceived definition of direction is turning and it just needs a moment until it's recognized.
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I'm not doing this for your benefit. Writing helps me clarify mistakes. It strengthens me. When I'm sufficiently strong I won't need this outlet any more. If it helps detract from the value anyone finds in what I say then let it be known I'm not trading because my ideas aren't profitable in their current form. I'm still working everything out.
best wishes to your endeavor and future successes.
totally agree. The other thing I wish it would somehow do, is explain it without seeing the whole chart first. Seeing the entry bar, explaining the situation, and then showing the result. Many times it is a too vague to use in a real time situation. Some of the stuff he points out as reasons can only be seen after time has passed, meaning to use that line of reasoning you would need to travel back in time.
Would we have bought his material if he was going to show us all the losers?
Best to remember there are two sides to the trades. They are winners to some, but losers to others, and others are probably scaling one way or the other. I like to think that by him showing us the higher probability trades, it will keep us from being on the wrong side of that type of trade, according to our individual strategies.I think this is completely wrong. Its like a drug pamphlet saying that 80% of the people who take this feel better. (never mind the 20% who have side effects and die)
You actually have to prepare for your losses, not your wins. Wins are easy to deal with, but losses, not so much. If you see that your system might generate 3 or 4 losses in a row and can stomach that, then you're much better prepared than someone who thinks he is gonna get 8 out of 10 wins, maybe even 3 or 4 in a row, and then is shocked to see this isn't how it always happens.
My frustration with all the gurus on here has always been that they only focus on the wins, as if losses never happen. They show spectacular trades on nicely trending days and how easy a system is when price is behaving as expected. But nobody ever shows 5 consecutive days of trades, they just cherry pick the best examples.