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

volpri said:
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Pay your super dupper chartless system forward to all the ET’ers so they can make some $$ and quit looking at charts scratching their heads.

Your chartless system aka “the secret sauce” as of now should work better when more people know about it. The guru’s might even start making money with it. Just think...sharing = more $$$ for thee.
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You made a typo Volpri....
"Just think...sharing = more $$$ for them."
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This is my system for me after sharing
 
themickey said:
ET is like a social club.
So it's just after 4:00am where I am right now and I start the day with a nice chuckle.
Volpri & Speedo are nice guys, they know how to trade, I have a lot of genuine respect for them but I enjoy teasing the shit out of them, hahaha.
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True.
 
tiddlywinks said:
Trading is like most other "jobs"... Your income is directly attributable to what you, one person, can achieve (like in sales), or what you, one person, is "paid" for doing a "job". When you, one person, can no longer perform, whether temporarily or permanently, the income stops. Just like most other "jobs".
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Well, I have to disagree there.

Trading - and especially day trading is a 100 % performance based activity. At least for the discretionary day trader. You're pretty much successful or you're not. No middle ground. What you kill is what you eat. Literally.

In every other job I've had the pay check comes regardless of if my performance is poor, medium or excellent.

tiddlywinks said:
This creates a fork in the road with three paths (at minimum)...

  • When trading is no longer possible or viable, regardless of reason, trading income ends. This is the path many/most people with "jobs" will take.
  • Create trading income where the amount of income itself becomes a "legacy" of sorts. (I think this is the option you presented).
  • Promote or teach skills and knowledge to create a trading (income) "legacy". To/for family only, to/for the public, or to/for both. It can be a combination of a business decision and a succession decision, as appropriate.
Carry On!
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Yes.
 
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
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See where OCGN is today?
 
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