What? Didn’t you see him post yesterday the forecast For AMD today and it reached it?
I've signed up with Al Brook's Price Action course
- Thread starter TimtheEnchanter
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I am refuting the wrong opinions of those who have made such claims, claims that have been made with no basis in fact, though with a fair amount of animus.
I have furthermore made no claim as to the size or nature my operation.
The following was posted Monday, July 27, 2020 at 9:37 AM.
At the time of that post, AMD was trading below $71.50, which had been its high until that time.
Just how much advance notice do you believe would be required to satisfy the requirements of foresight?
I expected better quality participants on this forum. Who would have thought one would have to defend the mere possibility of trading for a profit on a website called elitetrader?
To be fair, I posted that two days ago.
I have furthermore made no claim as to the size or nature my operation.
The following was posted Monday, July 27, 2020 at 9:37 AM.
At the time of that post, AMD was trading below $71.50, which had been its high until that time.
Just how much advance notice do you believe would be required to satisfy the requirements of foresight?
I expected better quality participants on this forum. Who would have thought one would have to defend the mere possibility of trading for a profit on a website called elitetrader?
To be fair, I posted that two days ago.
No, I didn't.
And actually, I have no problem with use of hindsight charts. However, the bandwagon nonsense, that there are thousands or maybe it's millions of people all using the same method, all trading the same instrument at the same time, all determining the same horizontal price levels is exactly that... nonsense. Do this or fail. That type of administering of Brooks or any method has no value.
True, but you alluded to having no only employees in the plural, but trainees in the plural, as well. I was just hoping to hear more. I've read all the Market Wizard books, await the next one coming out later this year, and like to hear and read about this stuff. And so, I'm curious.
I cannot speak for others, but I have not questioned this possibility. However, while others have lauded Brooks's books and videos and methods, I offer a different opinion in this exchange of ideas. It was you who slighted me first. Let us not forget that.
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That is correct. If folks would read your posts they could see you posted beforehand just like speedo I did In my journal where some dude wanted a forecast for a stock. He sent a chart to me on my journal friday and wanted the forecast for monday which both speedo and I gave him and that was BEFOREHAND.
No two people trade just alike Winky, surely you've been around long enough to know this.
Hmmm I don’t think millions are doing Brooks methodology. I seriously doubt if more than 2 or 3 dozen worldwide have actually waded thru his materials and figured it out.
So you regularly and reliably forecast not only direction but distance as well? With better than even odds on the distance that the market will go?
Yes and it's not so much a methodology as an understanding of what price is saying as it progresses. From that understanding can a plan be formulated to suit the individual trader. The common alternative is to teach setups that "work". At which time they cease to "work" the student is lost.
Within probabilistic limits..yes. Sounds magical doesn't it?