Short term trading

[volpri]

@Xela

Most people think brooks is one mixed up confused double talking dude. Do you really get anything of value from his work?..writings? Videos? Volman i know nothing of. Ross ..well books are really expensive..seems like a real trader though.

 

[Xela]

Most people think brooks is one mixed up confused double talking dude.

Some do (maybe not "most"? Not sure ...).

Do you really get anything of value from his work?..writings?

I did, but it was incredibly hard work for me (partly because English isn't my first language, and I didn't speak it as well when I read his books as I do now).

I had to read them all twice, slowly, and some parts three times.

They're convoluted, difficult to follow, and very, very badly edited (his publishers have done him no favours there, at all.)

The content, however, is outstanding, and for me it was eventually very much worth the effort - but it really was a lot of effort, and I can readily appreciate that some people get disillusioned with it, because I think comparatively few people have my persistence, and even I nearly did. They came very highly recommended to me, by people I knew were extremely successful and who attributed their success in part to him (as I do now).

Videos?

They're far more approachable than his books, contain a lot less and are much more expensive. (I have seen them all, but that was years later, after I'd been making a living for quite a while, just to check I wasn't still "missing anything" from him.)

Volman i know nothing of.

He's excellent, in my opinion.

Both his books were really very helpful to me. And he regularly makes his week's charts available, online, as a free download, to readers, which is interesting, too.

Ross ..well books are really expensive..seems like a real trader though.

Certainly. They've stood the test of time and remain relevant and helpful. I managed to get four of five of those without having to pay for them, though.

 

[volpri]

@Xela

Would you tell me three things you learned from brooks that was of great value to you?

Thanks!

 

[Xela]

Would you tell me three things you learned from brooks that was of great value to you?

It's not an easy question, partly because of the intervening years making it hard to remember exactly "what you learned where", and partly because he teaches more "a way of looking at the markets" than "a system to copy exactly" (another thing some people don't like about his writing, of course), but I'll try ...

1. Ways of looking at previous/recent levels of S/R and trying to assess as a probability function their prospects for returning as future levels of S/R;

2. Looking more carefully at short bars, which can sometimes be more useful to the fast-moving intraday trader than long bars;

3. The importance of being ready to act quickly when you recognise a pattern rather than waiting for it to be "confirmed" (many lost opportunities, that way).

 

[volpri]

@ Xela Thanks!

 

[volpri]

@Xela do you know of any thread on ET that deals with trading "a la brooks?" If not, would you consider starting such a thread? I could contribute once in a while. I tried to private mail you about brooks but you must not be accepting any as it would not work.

 

[Xela]

@Xela do you know of any thread on ET that deals with trading "a la brooks?"

I don't, I'm afraid.

If not, would you consider starting such a thread?

With apologies, no. I find the trolling too distasteful, and the moderators won't do anything about it: I've previously been accused, here, of being a "shill for Al Brooks" and even once actually of "being Al Brooks".

It's a funny forum, this: you can whine and moan and complain and criticise about anything you like, but as soon as you show any enthusiasm for anything, you get accused of all kinds of nonsense.

Al Brooks is a very "sensitive subject" around here. I suspect (but of course can't prove) that it's partly because many people have tried his books but didn't persist enough with them to understand them and benefit from them (and to be honest, that's far from easy, so I do kind of understand the perspective, even if not the ridiculous ways it's often expressed).

I tried to private mail you about brooks but you must not be accepting any as it would not work.

I accept private messages/threads, so I don't know why?

 

[volpri]

I don't, I'm afraid.





With apologies, no. I find the trolling too distasteful, and the moderators won't do anything about it: I've previously been accused, here, of being a "shill for Al Brooks" and even once actually of "being Al Brooks".

It's a funny forum, this: you can whine and moan and complain and criticise about anything you like, but as soon as you show any enthusiasm for anything, you get accused of all kinds of nonsense.

Al Brooks is a very "sensitive subject" around here. I suspect (but of course can't prove) that it's partly because many people have tried his books but didn't persist enough with them to understand them and benefit from them (and to be honest, that's far from easy, so I do kind of understand the perspective, even if not the ridiculous ways it's often expressed).






I accept private messages/threads, so I don't know why?

When i type the message and try to send i get the following:
THE FOLLOWING ERROR OCCURED:
PARTICIPANTS: YOU MAY NOT START A CONVERSATION WITH THE FOLLOWING PARTICIPANTS: XELA

 

[volpri]

@Xela Perhaps under accounts then privacy you have it activated to receive private mail "only from people you follow" instead of the ALL members options??

 

[Xela]

Perhaps under accounts then privacy you have it activated to receive private mail "only from people you follow" instead of the ALL members options??

Apolgogies - you're absolutely right! I hadn't realised, and have just changed it, now.