Short term trading

Discussion in 'Trading' started by Newc2, Mar 14, 2017.

  1. volpri

    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.
     
    #61     Mar 17, 2017
  2. Xela

    Xela


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



    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).



    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.)



    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.



    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. ;)
     
    Last edited: Mar 17, 2017
    #62     Mar 17, 2017
  3. volpri

    volpri

    @Xela

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

    Thanks!
     
    #63     Mar 17, 2017
  4. Xela

    Xela


    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).
     
    #64     Mar 17, 2017
    volpri likes this.
  5. volpri

    volpri

    @ Xela Thanks!
     
    #65     Mar 17, 2017
  6. volpri

    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.
     
    #66     Mar 17, 2017
  7. Xela

    Xela


    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". [​IMG]

    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. [​IMG]

    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? [​IMG]
     
    #67     Mar 17, 2017
    777 likes this.
  8. volpri

    volpri

    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
     
    #68     Mar 17, 2017
  9. volpri

    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??
     
    #69     Mar 17, 2017
    Xela likes this.
  10. Xela

    Xela


    Apolgogies - you're absolutely right! I hadn't realised, and have just changed it, now.
     
    #70     Mar 17, 2017