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I don't believe any continuation of the Al Brooks discussion is warranted. It has been beaten to death here.
Since the TS review, Al was invited by FIO to verify the real world validity of his work/teachings.
He did not. I also don't believe he has any intention of doing so in the future. So the question as to whether Al Brooks is a hindsight trader or a live trader is still unknown.
Caution is advised, but then again this applies to every vendor.
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- Trade what you see. Invest in what you believe -
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When has any trading educator ever posted their account Statement?
How does another persons trading results affect yours?
Why do you think that if some one gave you the "perfect entry" and the "perfect exit" that you would actually follow their advice? Reminder, the perfect exit will often be a loss.
If someone showed you an account statement, why would you necessarily believe it represented the majority of their trading?
I do not care about any account statement but my own.
If Al Brooks has an idea I will consider it and make my own decision.
FWIW here is one I consider a GEM. You often here people speak of trading with the House's money. Al thinks that that is bunk and I agree. The way he sees it, price ticks up while I am long, my account goes up and my risk goes up. It is my money. I have to have something at risk to have a chance of profit but the higher price goes the less likely it will keep going up. The higher it goes the more my risk goes up only two things to do to reduce risk close all or part of the long or raise the stop. Yes it is basic but I often used to really kick myself for not having a plan to manage the profit currently in a trade.
Indecision bars, indecision bars, with a possible micro bubble climax definitely looking to buy support. But sellers may overwhelm swing, so looking to sell at resistence trigger
Failure reversal bull flag with sellers climax possible sell, but looking to buy on minor pullback of micro bubble. Indecision bars signalling continuation of reversal Points
mate i just find it real funny from Al Brooks that he tries to Palm read the financial markets. i know myself thats never gonna be so easy. therefore the sarcastic laughing.
I tend to agree with this. I don't follow he trading style, however I have purchased his trading course as a matter of interest and I'm sure anyone else would have charged 5k for the amount of material he covers
In the sea of bullshit called trading advice, Al Brooks is one of the very few who teaches something that actually works. So it doesn't surprise me in the least that he is the one person who is viscously attacked.