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Thank you for the feedback! I appreciate you sharing your experience.
He does seem to have some good advise for entries on different bars and such and it all looks good on a static chart, but heck I can show good entry examples on a static chart, my problem has always been that these presenter/vendors don't do a live show and tell webinar.
When I started trading I went through the standard holy grail search for a year and found the only place you are going to find that is inside yourself with a lot of work, time and dedication. Screen time has been one of the biggest helps for me as trader. It has helped in recognizing the "personality" and patterns of the market being traded.
I am not yet 100% comfortable with an entry, but the purpose of the question is to find if Brook's methodology may add some additional clues to entries. Sounds like it may be worth watching a few more of the archived webinars.
Thanks,
Chris
Can you help answer these questions from other members on NexusFi?
Here is the big difference. Al Crooks, I mean Brooks has made specific claims of trading profitably over the years.
I hear members talking about posters pivoting, but it is only the “Pro” Al Brooks supporters that I see pivoting from the actual issue at hand.
First where those 3 question even asked of Al during the Webinar. Without ever seeing the webinar, I can answer the question. I will wager money Al never showed any proof of his claims. At best, he may have pivoted and put it back on the members like other posters here have done. Typically trickery by most of the TR operators.
One of the best pivots here is where it does not matter if Al trades profitable as they have been able to use Al’s teaching to help them. Interesting how neither Al nor any of those poster can show proof of those claims. The fact is a lot of members here are Vendors or associated with vendors and have an agenda to push Al and the fact that Al cannot trade profitable is not something that helps them sell SW or other products.
Before the “Pro” Al supporters pivot as usual they first need to answer the REAL question. Why does Al refuse to show any proof of his claims of being a profitable trader? The answer is given to us by Occam's razor. Wise men will understand it. Of course if you did not ban folks for simple demanding Al show proof of his claims you might get more posters on that side of the equation. You notice no "Pro" Al person was banned.
So I encourage a Poll with a simple question, "Should Al Brooks have to show proof of his claims as a profitable trader before being allowed to do another webinar here"
And please "Pro" Al supporters answer that question first before pivoting to another question.
The user TraderSusan has been banned. Aside from being rude, the user is a duplicate account and also violated forum rules by using an anonymous proxy to post.
I hope you take this into account with any posts written by this user, to understand his true intentions and motivations.
I agree with Mike that "Some members believe they can only learn something from a trader that makes money" and that isn't necessarily so. And if Al presents himself as an educator only, then there's no need for proof. BUT, that isn't the point where Al is concerned.
IF Al has made specific claims 'of trading profitably over the years' then he needs to put up or shut up. And if he doesn't put up, then I don't think he should be doing webinars here. It's just that simple. And I'd be disappointed in Mike for allowing it to continue if Al makes claims of profitability and won't show definitive proof. If he hasn't made claims of being a profitable trader, then no big deal.
And no one has still said here what his response was.
The user TraderSusan has been banned. Aside from being rude, the user is a duplicate account and also violated forum rules by using an anonymous proxy to post.
I hope you take this into account with any posts written by this user, to understand his …
I just happened to join FIO yesterday about an hour before the Al Brooks webinar and listened to the webinar. Have been trading for a long time though.
Have been studying and reading his books, the video course currently out and looking forward to his new and improved video course. He has seemed like the real deal. This for some time for me.
At the same time spent a couple/three months in his room listening to him and he seemed to miss a lot of what the market was saying, like missing trends and such. This seemed baffling to me as watching it myself obvious what was happening.
His response during the webinar to the questions asked by Big Mike seemed less than satisfactory.
According to his room he uses Tradestation but IB as a broker. Certainly without looking at any individual trades one would expect comparing his bottom line account month to month would be reasonable. One would expect no added money but higher trend over time. Number of trades might be interesting but no exact info needed.
Personally until he does this at least in a macro sense I will not return to his material further.
His overall material uses a lot of different names and anyone studying it would probably be better to look at Wyckoff if they can find that material.
I will be interested to see how Big Mike handles all this. This forum seems pretty honorable hope it is useful to my skills over time.
The original 4-week temporary ban for user rwbill, that was scheduled to be lifted on Dec 21, has been extended to a permanent ban. This is due to his actions in creating a duplicate account, again being rude in posts, and using an anonymous proxy -- all against forum policy.
I hope you will consider his actions when reading his posts, and to better understand his true motivations for posting.