I've signed up with Al Brook's Price Action course

volpri said:
I think most are here on ET trying to help themselves or they wouldn't be here. The down and outer scenario really doesn’t apply to most here on ET. I would conjecture that most are here struggling, working hard, trying to learn how to make a buck. A few tips in the right direction might be useful to some.

A story:

Years ago I once developed some software with a programmer for day trading stocks. There were two Honduran men. One I think had a 5th or 6th grade education. The other a second grade. Very poor people. One lived in an adobe mud house. I funded a trading account for them after helping them get passports so they could open an account as the brokerage required that. I took all the risks. If they lost they owed me nothing. If they made money after reaching a certain amount they would pay me x amount of dollars. It took about 3 weeks of intense training. I had to explain the markets in terms they could understand like buying and selling vegetables and fruits in the local markets. I had to explain the concepts of shorting and going long. I had to explain brokers..orders..I had to explain the software and train them to use it. I had to explain market pressures and level 2 analysis. It was a brain numbing 3 weeks or so of an intense time period, most of it on the veranda of a honduran home with a whiteboard. None of them had a computer or internet so we had to drive into the bigger village that had a few cybercafes to install the software and train them on its use.

Soon they were ready to trade. Over the next few days they made the allotted amount. We asked for a Bank wire from the brokerage and they paid me back the funding plus some for my time.

It was a very rewarding time for me. To think I could take two poor uneducated men and train them to trade the markets and better their income.

The moral of the story sometimes people don’t know what to do to better themselves and they just need someone to come along and help them pull themselves up by the bootstraps. Life is hard enough. We only pass through once. Lending a helping hand is good and actually in many cases does more for the person doing the helping.

I don’t know if you know this but Al Brooks grew up very poor. He has made his materials very accessible and at a price that many small struggling traders who don’t have much money could afford to buy it, if they really and truly wanted it. Others would charge thousands of dollars for much inferior trainings.

In my books that attitude speaks volumes. People can say what they want to about him. For me his material have been very helpful and I appreciate his efforts and would never ask to see proof that he is profitable. I have taken the time to study his ideas and concepts and practice them and trade them.

So Emmett and everybody else can just kiss my ass. Thats how I feel about it.
More...
You a good man. Very inspiring.
 
monet said:
But would you agree, trading index futures intraday according to Al's methods is more profitable than buying sub-dollar companies?
More...
No!
Watch MGV.AX in a few minutes.
I hold 38,000 units.
Market is about to open. ASX.
Edit: in about 7 minutes time for MGV.AX.
 
tiddlywinks said:
You are showing yourself to be a judgemental, pretentious asshole.

You feel like donating, but circumstances weren't presented? I'm sure the circumstances were just what was desired when that (first) down and outer became a down and outer. In the words of Greta, How dare you claim to want to be charitable. With an unspoken requirement of only if the circumstances are right. I would not want you in a foxhole with me, thats for sure.

And the second down and outer... who the hell are you to judge? For all you know, the down and outer was working... one of your well-to-do luxury indulging mates was outside too embarrassed to be spotted, and paid the down and outer $100 to buy $80 worth of lottos. How dare you! Boo hoo fucking hoo about you being inconvenienced by other people in front of you in line. You have zero right to think your transaction is any more important, or that your time is any more important, or that you as a human are any more important than that person. You would love to be charitable my ass. Go stick your thumb up your ass and hold your far better proposition in your other hand.
More...
Boo hoo fucking hoo is right.
 
Happy-Baby-Sad-Baby.jpg
 
My question to the thread author after having read this bizarre display of anonymous world wide web posturing is this: Would you think it a better choice to follow the generally favorable opinion of those who have purchased and used the course and found it to be of great value, or would you rather choose to follow the opinions of those whose discipline runs only for 100 pages or less and then they give up?

Trading is simple, but it sure isn't easy. But it is whole lot easier if you learn how to read price and understand the trading behaviors behind various movements. This you will learn from Brooks's course so long as you also practice identifying the concepts in real time.

monet said:
But would you agree, trading index futures intraday according to Al's methods is more profitable than buying sub-dollar companies?
More...

Trading stocks, both intraday and as multi-day swing trades using Brooks's concepts can be much more profitable than index futures. Low price and low float stocks can be especially profitable.

OCGN (a low price but not what I would call a low float stock) from today was on everyone's scanner who looks for this sort of activity. opened at less than 45 cents, and traded to a high of 76 cents, or almost 70% open to high. I know no one is grabbing the whole gain, but you can grab a good portion of that price movement using Brooks's method:

1st blue arrow H1 long

2nd blue arrow H2 long at the 50% pullback of the first swing

3rd blue arrow cup with handle breakout with volume, followed by breakout to new highs on the day with volume confirming.

red arrow widest range bar of the day and highest volume indicates buy climax exit

Brooks does not use volume as I recall. I find it extremely helpful when trading tickers. I do not use volume for trading the emini.

upload_2020-7-27_21-14-30.png
 
Gaslight Capital said:
My question to the thread author after having read this bizarre display of anonymous world wide web posturing is this: Would you think it a better choice to follow the generally favorable opinion of those who have purchased and used the course and found it to be of great value, or would you rather choose to follow the opinions of those whose discipline runs only for 100 pages or less and then they give up?

Trading is simple, but it sure isn't easy. But it is whole lot easier if you learn how to read price and understand the trading behaviors behind various movements. This you will learn from Brooks's course so long as you also practice identifying the concepts in real time.



Trading stocks, both intraday and as multi-day swing trades using Brooks's concepts can be much more profitable than index futures. Low price and low float stocks can be especially profitable.

OCGN (a low price but not what I would call a low float stock) from today was on everyone's scanner who looks for this sort of activity. opened at less than 45 cents, and traded to a high of 76 cents, or almost 70% open to high. I know no one is grabbing the whole gain, but you can grab a good portion of that price movement using Brooks's method:

1st blue arrow H1 long

2nd blue arrow H2 long at the 50% pullback of the first swing

3rd blue arrow cup with handle breakout with volume, followed by breakout to new highs on the day with volume confirming.

red arrow widest range bar of the day and highest volume indicates buy climax exit

Brooks does not use volume as I recall. I find it extremely helpful when trading tickers. I do not use volume for trading the emini.

View attachment 236118
More...
Gaslight Capital,

Thank you for sharing your thoughts on Al Brooks. I am learning student of Al Brooks video course and your writing gives me confidence to keep on staying focus and grind through.
 
volpri said:
Years ago I once developed some software with a programmer for day trading stocks. There were two Honduran men. One I think had a 5th or 6th grade education. The other a second grade. Very poor people. One lived in an adobe mud house. I funded a trading account for them after helping them get passports so they could open an account as the brokerage required that. I took all the risks. If they lost they owed me nothing. If they made money after reaching a certain amount they would pay me x amount of dollars. It took about 3 weeks of intense training. I had to explain the markets in terms they could understand like buying and selling vegetables and fruits in the local markets. I had to explain the concepts of shorting and going long. I had to explain brokers..orders..I had to explain the software and train them to use it. I had to explain market pressures and level 2 analysis. It was a brain numbing 3 weeks or so of an intense time period, most of it on the veranda of a honduran home with a whiteboard. None of them had a computer or internet so we had to drive into the bigger village that had a few cybercafes to install the software and train them on its use.

Soon they were ready to trade. Over the next few days they made the allotted amount. We asked for a Bank wire from the brokerage and they paid me back the funding plus some for my time.

It was a very rewarding time for me. To think I could take two poor uneducated men and train them to trade the markets and better their income.

The moral of the story sometimes people don’t know what to do to better themselves and they just need someone to come along and help them pull themselves up by the bootstraps. Life is hard enough. We only pass through once. Lending a helping hand is good and actually in many cases does more for the person doing the helping..
More...
As ye sow, so shall ye reap
Hats off to you, Sir
 
You must log in or register to reply here.
Back
Top