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Great seminar thanks Mike. Big Mike has always used minimal indicators and after trying seemingly every indicator with limited or no success. I agree! I have seen the light. Price action is the truth. Simplicity. I want to toss all my indicators now, but going to Al's site to start my journey into price action- everything seems to referenced in Al's book. I really want the book! Please! I am ready to be a price action student and I need Al as a mentor. Please help me out before I blow up my account again.
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I look at trading like a relationship we have with our spouses. We treat them in appropriately, we disrespect them, we expect to much from them and they will do us wrong. We then wonder why it happened.
To be more specific I look at it from the male female perspective.
Trading, like women, is a subtle complex yet delicate subject which I believe takes great finesse and good listening and learning skills to both conquer and respect.
Women talk and we as men MUST read between the lines in order to understand what she is truly saying. In the same way the market speaks and all this noise comes at us and we must learn to discern and also read between the lines.
As it's already obvious I am a beginning trader however what insights I do have into trading have been sufficient to draw these parallel though unorthodox analogies.
They say that hell knows not the wrath of a women and from what I have seen it seems that hell knows not the wrath of the markets. The markets, like any good man or woman, forgives but never forgets.
There is no holy grail book that will say "Edgar you fool it's all in here! All you ever wanted to know in trading is right HERE! Muah ha ha ha ha!"
No. I believe Al brooks book is one of few books that can cut through the chaff and get to the point of things and focus on what really matters. What really is important and what the market is really saying. However our success is directly proportional to our drive to succeed.
Tiger woods can outscore his coach yet his coach is very very vital to his game. A man may have riches and fame yet his wife provides a support on which his success is built upon. Al brooks can write the greatest books on trading yet my success relies not on his exceptional books but on my own success and determination and discipline.
Reading an exceptional trading book is not the holy grail but Al Brooks sure does give me a good head start. ^_^
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Years ago I embarked on a mission to explore New York Bar by Bar. My intent was to begin uptown and end downtown. Long story short. I did not get as far as planned. Things started out fine. I used maps, street signs, directions from passers by and other indicators of which way was up and which was down. Just when things got rolling and I thought I knew what I was doing it all went bad. All that booze had my head swimming. I could still see the maps. I could still see the signs. But I was confused. Some were telling me one thing. Others were telling me something else entirely. I did not know if I was going up or down. Confusion reigned. The mission came to a horrible end. Spent a lot of money. Never made it downtown. Ended up with nothing but a headache. If only I had a simple, uncluttered method for knowing when I was going up or down. Maybe I should have taken Al Brooks with me.
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