What are some useful things learned from Al Brooks price-action books?

[smileypete]

As traders, we have to be able to distinguish signal from noise, the same dynamic holds true for reference and educational sources.

This is where some sort of verified track record comes in handy. OK it doesn't guarantee the suitability of the methods used for anyone else, but it's a very good start.

Otherwise it's too easy to fall under the spell of plausible deniability, especially where the alternative is to accept that a large investment in time or money or both may have mostly gone to waste...

 

[Slartibartfast]

There we go, he just can't resist.

Anyone who adds to this knows it is the tradingschools guy. He will push comments like this up and try and string this along until infinity. If necessary his fake personas will get in a chat to push the thread back on topic. He has scores of them made years in advance.

This is the Trump's publicist thread now. i.e. http://www.alternet.org/election-2016/listen-insane-audio-trump-pretending-be-his-own-pr-guy

 

[volpri]

@TraderRob

Maybe you should read the Emmett Moore review.

 

[algofy]

@TraderRob

Maybe you should read the Emmett Moore review.

Why do people give a rat what Emmett Moore says?

 

[volpri]

of course Al has never supplied any evidence that he is a successful trader. He makes his money from the usual hopefuls..

Have you?

 

[volpri]

Why do people give a rat what Emmett Moore says?

You mis-understand. The review of Mr Moore himself. Can't say if it is true or not. I just do not know?? But i seen it on the net. It could be fake news. Anyway you can google it.

 

[volpri]

This is my first post here. I am keen to supplement my income with trading and am prepared to lose in the initial years.

I saw some posts that Al Brooks' books are good for learning market price-action. Well, I tried to read them and find I am too "stupid" to understand the books.

Not giving up yet. Can the elite traders here give me a head-start by sharing what are the important things they learn from Al Brooks in understandable English?

THE MASTER CONCEPTS:

FIRST, The most important thing. The market is ALWAYS in a channel. At ALL times. So...all we traders are ever doing is trading channels.

SECOND, the market is ALWAYS in BO.

THIRD, the market is ALWAYS in a range.

FINALLY, you gotta find these and identify them. These present tradeable PA.


THE SUPPORTING CONCEPTS:
NEXT CONCEPT - NESTED PATTERNS: BO within channels. BO within ranges. Channels within channels. Channels within ranges. Ranges within channels....etc

THE TRADING CONCEPTS:
NEXT CONCEPT - PA PATTERNS WITH SETUPS: wedges..micro ch, trendlines, triangles (all kinds), BO, micro wedges, flags (reg and final), pennants and all such other critters are ALWAYS in the ALWAYS channel and ALWAYS BO and ALWAYS RANGE........and in the channels that are in channels and in the channels that are in BO's..etc.....so the story goes...ad nauseum...

Unfortunately it is true! ROFLMAO..ROFLMAO..ROFLMAO.

THE WARNING CONCEPTS:
It is a double dog warning....Plan on taking min 5 years to learn a minimal amount of this to make heads or tails of it and to trade it. But yes, i recommend the trilogy and videos. Just my opinion and not to be construed as advice, in any form or fashion...ROLMAO! I just gotta laugh! Good luck. Most will not wade through it. Too much work!

 

[algofy]

THE MASTER CONCEPTS:

FIRST, The most important thing. The market is ALWAYS in a channel. At ALL times. So...all we traders are ever doing is trading channels.

SECOND, the market is ALWAYS in BO.

THIRD, the market is ALWAYS in a range.

FINALLY, you gotta find these and identify them. These present tradeable PA.


THE SUPPORTING CONCEPTS:
NEXT CONCEPT - NESTED PATTERNS: BO within channels. BO within ranges. Channels within channels. Channels within ranges. Ranges within channels....etc

THE TRADING CONCEPTS:
NEXT CONCEPT - PA PATTERNS WITH SETUPS: wedges..micro ch, trendlines, triangles (all kinds), BO, micro wedges, flags (reg and final), pennants and all such other critters are ALWAYS in the ALWAYS channel and ALWAYS BO and ALWAYS RANGE........and in the channels that are in channels and in the channels that are in BO's..etc.....so the story goes...ad nauseum...

Unfortunately it is true! ROFLMAO..ROFLMAO..ROFLMAO.

THE WARNING CONCEPTS:
It is a double dog warning....Plan on taking min 5 years to learn a minimal amount of this to make heads or tails of it and to trade it. But yes, i recommend the trilogy and videos. Just my opinion and not to be construed as advice, in any form or fashion...ROLMAO! I just gotta laugh! Good luck. Most will not wade through it. Too much work!

I'm confused.

 

[volpri]

I'm confused.

Yes, it is a tad confusing. LOL Takes min 5 years pressing hard to begin to understand the concepts and how they fit together into a structure that becomes tradeable day in and day out ..algos..htf's..or no algo's and no htf's. It is all in the trilogy and videos and it is ALL very subjective to one's eyeballs and one's cerebral interpretation....w.v. ...beliefs...and behavioural skills based on their emotional and mental makeup and skills. In short, not for those with weak knees, faint of heart, or emotional wrecks. And I am NOT implying that you are either so that horse is out of the way. Just saying......

 

[algofy]

Yes, it is a tad confusing. LOL Takes min 5 years pressing hard to begin to understand the concepts and how they fit together into a structure that becomes tradeable day in and day out ..algos..htf's..or no algo's and no htf's. It is all in the trilogy and videos and it is ALL very subjective to one's eyeballs and one's cerebral interpretation....w.v. ...beliefs...and behavioural skills based on their emotional and mental makeup and skills. In short, not for those with weak knees, faint of heart, or emotional wrecks. And I am NOT implying that you are either so that horse is out of the way. Just saying......

So in summary, you were able to use Al Brooks stuff to help out your trading but it took hard work and dedication?