[mbfromla]

Originally Posted by BlowFish »

I hope you don't think I'm being confrontational but aren't those contradictions?

It's my hunch it's the same demographic (winners vs losers) as anywhere (whatever that demographic might be). Do you sincerely believe forums are only frequented by losers? I wonder what your motivation for being here is if that's the case? Personally I don't agree, having got to know a few people behind the screen names I think you might be very surprised.



my P&L or anyone elses P&L has absolutely nothing to do with the veracity of Brooks methods or any other methods. To be honest that whole notion is absurd. Again I am not trying to be confrontational but felt it needed saying.

I would like to clarify if i may.
Considering a fact that 95% of people attempting to trade loose money,,does make me belive that most people visiting forums are not profitable.
In my case, i mentioned before that i will be trading this methods on paper untill the end of August.
And my only reason being here, sharing and communicating with people is to make the paper trading and new method learning experience more productive and ease the learning curve, sort of a "study group" with people who have the same goal.
However, lack of motivation and cooperation from people, except a select few, simply made me change my mind. That's all.
Call it selfish, but if i'm trading 2 hours a day, making 4 digits a day, why would i bother posting charts, or sharing what im doing.
Regarding the 3 point gain today, that doesn't mean people who participate this specific forum are profitable traders and make that much every day. In fact, this question was asked in the chat room, out of 12 people i belive only 2 were trading real money.
I'm not defending what i said, simply trying to eliminate misunderstanding.

I'm spending over 8 hours a day reading, analyzing historical charts and working on other trading related issues that can improve my overall performance, and if someone could pinpoint things that i see wrong or what i don't see , that mutual effort would be very much welcomed, but lack of it,,,,....
Good luck.

[szubaark]

7/15 trend from open type day.

2 Trades 2 Wins 0 Losers

First Trade was Gap Up B/O Trade for +2.

Second Trade was "ii" for +1

I stopped after that. I realized this was a strong trend day with the Huge Gap Up and Weak Pullbacks. We dont many like this, but if your read i right, milk it hard.

[BlowFish]

Originally Posted by mbfromla »

I would like to clarify if i may.

Thanks for taking the trouble to clarify I am inclined to agree with you that only 5, 10 or maybe 20% (if you buy in to the pareto principle) of people that visit forums make money. I got the impression from your first post that you thought that once people got into those upper echelons they cease to post just leaving the rest. That was what I did not buy into.

As a brief aside my own motivations are partly 'social' (it's a solitary profession if you aren't prop shop or working for an institution) I miss that you can't go for a pint after work and talk. I also have an interest in how other people trade and the methods they use, this is completely isrrespective to my own trading and I try and keep it compartmentalised. (Brooks was a bit different because it has a lot in common with my own approach.) I do still sometimes get distracted and end up putting more energy than I should into things. Finally I like to think every now and then I might help someone or present a point of view that is mildly interesting.

I think it would be a shame if you stopped posting charts. I am sure your contribution would be missed. All it requires is a single person to post a single comment that triggers an aha moment to make it all worthwhile. Maybe you would consider posting one now and then, or one that is particularly 'tricky'. I always like tricky charts though picture perfect ones can be nice too.

There where a couple of things in Brooks' work that I really quite liked. You might even go as far as saying I found important. In the interest of contributing i'll try and make a couple more posts on them though I probably eluded to what they where early in the thread

As someone that also tends to work kinda obsessively on things I find it is important to work purposefully. Focusing on narrow specific tasks helps me (though I am still inclined just to jump in or get distracted by other elements)

[jmm]

Blowfish Your comments for me were stop on.
Regards John

[BlowFish]

Originally Posted by jmm »

Blowfish Your comments for me were stop on.
Regards John

I do try like most people, sometimes if I get out of the wrong side of bed I can be a bit prickly.

The first 'important' thing is the 'with trend' idea. It's pretty much the same idea as trader Vic's 123. Until you get a trend line break and and a retest of the extreme trades in the direction of the trend are going to be much safer. No big secret its been mentioned several times in the thread. Of course if there is S/R there too so much the better.

The second thing is the idea of 'failures' and the almost tacit assumption that the first time anything is tried it is more likely to fail than succeed. This directly leads to several of his trade ideas the one I liked the most is fading the micro trend line break.

Lunch time so Im going to call a halt there for now

[ACS]

Just noticed (late as usual) that the first bar this morning in the ES was an H4 setup of a two legged correction from yesterday's high and very similar to the one on Tuesday morning.

[szubaark]

ACS yes those have been working lately. Almost any trade above/below first Open bar gives you scalpers profit. Lets see when it Stops working LOL

[rangerdoc]

I noticed that in the webinar "A Month of Great Trades", Al skipped quickly over several slides.
I extracted all the slides and saved them as a PDF for those who wish to review them.