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Trade-off: Al Brooks vs FuturesTrader71
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Trade-off: Al Brooks vs FuturesTrader71

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Trade-off: Al Brooks vs FuturesTrader71

New "fun" poll posted, who would win in a "trade-off" --- Al Brooks or FuturesTrader71.

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I think FuturesTrader71

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IS Dr. Albert Brooks

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F71 he is more 'hard core' than 'lay back' Al.

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hmmm

it depends, I have been using Al's method on 6E trading for over a year, easy and profitable.

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Cashish View Post
I think FuturesTrader71

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IS Dr. Albert Brooks

with a voice modulator? Al also has a new photo on his website this week. Brooks Price Action - Home

Having seen Brook's live webinars on and off in the past 6 months, throughout the whole session, amazingly one wouldn't think to take any trades; it's all "low probability" and "better to wait" for the most part. I would say FT71 (if his current record stands) wins the trade-off today at least on the ES.

On a monthly chart, Al was right about the market heading higher in his original book in 2009 despite all the media pundits. I think HFT has ruined the paradigm of the original book (a big statement in the book "do not trade in barb wire") HFT has taken over the ES, and are now in the process of taking over the currency futures. BPA does help in conjunction with other methods, indicator or otherwise. That's the biggest worth I got out of bpa plus a degree of "feel" for price behavior which I hadn't had before bpa.


Last edited by Cloudy; February 28th, 2012 at 04:23 PM.
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for myself , the answer lies in ft's motto. "simplicity in trading". after listening to al and reading his first, second first, and second book. the third is still pending. i can see value in al's approach. but he never claimed it would be simple . ft's approach helped clarify market profile for me. by turning it into a practical asset which one can understand and use. even after p/steidlemeyer backed away from it.

by focusing on levels (which al also does) it is easier to become involved in the areas where your involvement may pay. ft is bolder, al is very guarded. al's approach requires learning which , in his opinion , are the best set ups. i am still trying to understand them. maybe i never will. since al doesn't point them out

ft bypasses the bar by bar pain. instead levels become important. the similarities exist but al 's work is more stressful. simply because it keeps one focused in the many bars which don't work. and as he says most breakouts fail. lost in all this is a reality. what both approaches require are thousands of hours of contemplation and study of the markets.one can see it by watching 'rob spain"s videos. (who uses an approach similar to ft). it's not just one approach but a combination of approaches that these people bring to the table. and that i suspect. can not be done overnight.

so i see ft as providing a simpler method to the question of where to get in and out. i suspect that if al said where he gets in and out as he is doing it, more people could benefit from his work. not been able to ask during the day is also a big impediment. at least for me. my two cents

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FT71

His techniques are based on supply & demand areas that give him a place to enter and then he's eyes on the tape/DOM at that area for confirmation

Al Brooks - studying the minutae of every bar and as we know - if you switch from a 3 min to a 5 min, the bars tell a totally different story yet it's the same market. Al doesn't use tape/DOM to confirm entry.

Just my 2c.

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FuturesTrader71's charts display too many lines, Al Brooks books too many words.

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trendisyourfriend View Post
FuturesTrader71's charts display too many lines, Al Brooks books too many words.

Agreed on Al Brooks, smart indeed, but he covers so many methods and so many different scenarios, it is hard to take much away from his book...

Im not too versed in FuturesTrader71, Ill have to read up on it.

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