Didn't you already say you were going to the Keys surf? Its in this post right here (link below in the quote)
Is It a Reversal or a Pullback?
- Thread starter schizo
- Start date
Now that you're no longer naive about textbooks...is it safe to assume that you're no longer reading them ?
Therefore, from this point going forward or whatever time it was in the past that you stopped reading textbooks...your trading results are from that point on based upon you.
By the way, should I assume you've stopped reading certain threads at this forum that also teach similar like textbook topics by ETs known gurus that have shared their trade methods considering they too do you more harm than good ?
Seriously, the issue really isn't "textbooks". The issue is the content and those types of content are just as repetitive as message posts at discussion forums. The only difference is that textbooks have the real name of the author whereas forum message post on the same topics are posted by anonymous members.
Now tell us what you're doing currently that's so much better so that others can find a better solution to "textbooks" about trading. Hopefully your reply is simple...you've finally decided to study the markets by yourself.
Well, then let's start with what YOU know about reversal and retracement. Post some charts with annotations. Then perhaps we can stop kicking the can down the road.
A = Yes
B = What I do is irrelevant, the same way as what anyone person does is irrelevant to any other person.
The replies to this thread were based on text book stuff, as can be seen by the extract that was posted with zig zag lines, and all I asked was for people to post live charts to show what they are trying to talk about, and then explain what they said.
J_S
Here's a long trade I took a few days ago thinking it was only a pullback but it went on to be a 'reversal'
I had no way of knowing what it would do. All I knew is that we seemed to be trending up, we'd pulled back a little, looked to be resuming the trend and put in a higher low, and I went long....then got stopped.
I know enough to recognize a reversal, or a pullback, when I see one.
It is not my fault if other people see the same information differently!
You still did not answer my question about why you think you have an edge?
I have no edge, I just know what I know, and, when I can, I act on what I know, and when I can't I don't, and trade differently to the way I would normally trade.
J_S
I'm a straightforward guy. I don't like those who argue for the sake of argument. So far, you haven't been straight, as you have been in the "Obvious not so obvious" thread. So what is your definition of reversal/pullback? You say you know it when you see it...IN HINDSIGHT. So are you here to say that Reversals and Pullbacks cannot be predicted? I don't understand your motive.
Why? Because I've doubled my account in less than 2 months. Go look at my daily P/L stat posted in my "Tao" thread. At the same time, I am partially sharing my edge, since I'm posting my trades in realtime.
That's my point, you're the one that's discussing him. Please go to those threads about Al Brooks and you can then have conversations about how ridiculous his writings are.
Anyways, what is important is that you're no longer using Al Brooks and that your trading results from this point on is based upon you. Therefore, if things go well...you can pat yourself on the back. Yet, if things go bad...you can only blame yourself.