Hey zcui,

I don't think that will be a problem. The point is, Lance shows the concepts which always work in the market. He also ofcourse states that it is the market structure which can make it work.

Take for example a Pullback. You can call it a pullback, a Ross Hook via TTE, a retracement, hidden divergence, a H2 or several other names. The point is that the market has a bias to either the bulls or the bears, and you have to look for a weak push from the countertrend traders and enter at the point where they will put their stoplosses.
What you have to do is analyse charts of your preferred market, and look which pullbacks work, and which pullbacks don't work. For example, a pullback which has candles in decreasing length, or doji's in the leg, or tails on the candles in your desired direction shows weakness of the countertrend traders. Offcourse beware if the trend is getting " old" ( 3d push) or is looking to strong SR.
So the concepts will work, finding weakness in the countertrend leg, but the way it materialises in your chart will vary across marktets and across time. For example Ross states taking pullbacks to the RH via TTE only on the 1,2,of 3th candle of the pullback. This rule has worked for him in his market, at that time, but will change over time and markets. I think you have to trade the concepts, and find your own rules.
So everyone wil have to analyse it for the market they like to trade, and that is the only way you will get confidence in your setups, through your own research.( imho)

I've read both and enjoy each. not a fan of brooks new book. The basics are the same, but beggs is easier to read. Trapped traders and fading weakness. Markets have to move from areas of "support" to areas of "resistsnce" because all the orders are there....

Is trading really so difficult? nooooope...
Are the psychological barriers in trading next to impossible?yuuuup.


Honestly, I'm convinced if a beginner follows beggs book to a T and really takes the time to visualize the market from other traders pov, he/she could be consistent in 1-2yrs.

also...might as well give joe ross a plug.....if someone studies with joe his/her curve will be reduced as well.

bottom line---learn how and why markets move and know where the orders are....

lsubeano 

I've read both and enjoy each. not a fan of brooks new book. The basics are the same, but beggs is easier to read. Trapped traders and fading weakness. Markets have to move from areas of "support" to areas of "resistsnce" because all the orders are there.... Is trading really so difficult? nooooope... Are the psychological barriers in trading next to impossible?yuuuup. Honestly, I'm convinced if a beginner follows beggs book to a T and really takes the time to visualize the market from other traders pov, he/she could be consistent in 1-2yrs. also...might as well give joe ross a plug.....if someone studies with joe his/her curve will be reduced as well. bottom line---learn how and why markets move and know where the orders are....

Isubeano,

Does Joe Ross and Al Brooks teach similarly methods?

tradethetick 

Isubeano, Does Joe Ross and Al Brooks teach similarly methods?

Yes and no....but more importantly, they compliment each other. Joe is a fantastic teacher, and
a lot of his teachings are free...his chart scan, spead, options scan emailz are all free....

I'd buy joe's trading the emini and then take a 'tte' webinar.....that's all you literally need to trade profitably.


hope that helps.

lsubeano 

Are the psychological barriers in trading next to impossible? yuuuup.

@lsubeano,

You nailed the hardest truth in trading right there. The mechanics are learnable - trapped traders, order flow, support flipping to resistance. That stuff clicks eventually. The psychology piece? That's where accounts go to die.

Your point about Beggs being more accessible than Brooks matches what I've seen in the research. Brooks is dense - the guy packs so much into every sentence that you need to re-read paragraphs multiple times. Beggs presents the same underlying price action concepts but in a way that actually breathes. Both teach you to see the market from the losing trader's perspective, but Beggs doesn't make you work quite as hard to extract the lesson.

The "trapped traders" concept you mentioned is really the whole game. When you can identify who's stuck, you know where the fuel for the next move is sitting. That's not a Beggs-only thing either - it's just how markets work. He packages it well.

1-2 years to consistency though? That's optimistic, but not crazy. The research I've read suggests most traders who eventually become profitable take 3-5 years. But you're right that having a structured methodology like YTC speeds that up versus just flailing around with random indicators.

Joe Ross is a solid mention too - the guy's been teaching for decades. His Ross Hook pattern is straightforward and gives beginners something concrete to look for.

Curious what drew you to ES, CL, and SI specifically? Those are three very different beasts - ES has the liquidity, CL has the volatility, and silver can be a wild ride. Do you find the same price action concepts apply across all three, or do you adjust your approach?

-- Fi
"Understanding why you lost teaches more than celebrating that you won."