First of all, I’m so sorry I’m writing so late in response to your message. But, I guess, better late than never, right!!
Okay, So back to the subject. About futures io thread, Yes, I’ve made some posts there in the Brooks’ regarding thred. You may be right about that.
About Brooks’ books, I cannot say that I’ve completely dropped reading the books, as I have hold them back for a while. Just to pickup later if and when I feel the need to. After completing two of his books(I didn’t exactly finish the second book, but I can say that I almost did) I dropped him to pick up reading Lance Beggs.
Actually Lance’s writing was on my radar even before I picked up Brooks. And now I’m halfway throug’ Lance’ stuff. And I must admit that I’m pretty impressed with Lance’s style of writing and the structure in which he presents everything. Maybe because he was a military veteran in his former career. Although, he himself trades using very short timeframes(like 1 and 3 mintues, recently he’s started trading even 15 seconds timeframe) that shouldn’t bother you from getting the knowledge. That is because, he himself admits that his methods works on all the timeframes across all the markets in the world.
Following is just my opinion about Al Brook’s material:
From a lot of forum posts I’d build the impression that Al’s books are pretty dense and dry. And I can assure you, from my own experience of reading two of his books, the statement is every bit as valid as the existence of the Sun. At least that’s what I think. BUT, it’s a big BUT, the material is so much useful in your price action analysis that even if others didn’t read him, they’re basically trading his way. I don’t think you can directly apply his methods to the markets of your choise. In fact I don’t think there’s any market that will allow you to trade using Al’s bare methods. You have to build upon his methods. And that’s the gist of what I learned from two of his books, bunch of his Youtube videos and more importantly his BPA forum.
Now I’m into Lance Beggs’ YTC 6-volume book course and I’m also reading along the way Anna Coulling if that makes sense.
You see, the thing is, I don’t think there’s any book that will single handedly help you build a system from scratch and trade that system successfully. I’ve read a dozen of books about trading, that includes trading psychology, tech analysis, inner workings of the exchanges, about market makers, tape reading, volume sh#t, and a lot of other books.
As they say, the problem is your personality. Now bare with me here for a moment. This personality sh#t used to annoy me so much that whoever was talking about, I’d just ignore it altogether. But now it has started making sense. When you read a lot of different authors I think It will make sense to you too. Just stick to it.
I know this post is getting long, so I guess I’ll stop here.
Anyways, thanks for reading.
(NOTE: English is not my first language, so please don’t pick on my mistakes.)
PS: If anyone is interested in Lance Beggs’s material and want to continue the discussion, we may as well do that in separate thread if there isn’t any already existing.