Al Brooks - Ask Me Anything (AMA) - futures io
futures io futures trading



Al Brooks - Ask Me Anything (AMA)


Discussion in Trading Reviews and Vendors

Updated by Big Mike
      Top Posters
    1. looks_one Big Mike with 6 posts (8 thanks)
    2. looks_two benrock with 2 posts (1 thanks)
    3. looks_3 Bookworm with 1 posts (0 thanks)
    4. looks_4 rem4444 with 1 posts (0 thanks)
    1. trending_up 8,691 views
    2. thumb_up 10 thanks given
    3. group 14 followers
    1. forum 12 replies
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

Closed Thread
 
Search this Thread
 

Al Brooks - Ask Me Anything (AMA)

(login for full post details)
  #11 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 48,938 since Jun 2009
Thanks: 31,593 given, 94,595 received

Al Brooks will be on futures.io (formerly BMT) Tuesday, June 4th @ 4:30 PM Eastern as part of our special 4-year anniversary. We are also giving away 10 autographed books during that event, and have a total of 15 events planned for June.

More info:


Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal
The following 3 users say Thank You to Big Mike for this post:

Can you help answer these questions
from other members on futures io?
Cumulative Bid/Ask Chart resets after 2Billion
MultiCharts
FYI plot bug & workaround: changing color or width is delayed 1 bar
EasyLanguage Programming
TOS Custom Implied Volatility Rank Watchlist/Scanner Column
ThinkOrSwim
Scan by comparing SMAs within 5 mins
ThinkOrSwim
Calendar Spread on Weekly Options
The Elite Circle
 
 
(login for full post details)
  #12 (permalink)
Geneva Switzerland
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
 
Posts: 5 since May 2012
Thanks: 3 given, 2 received

Dr Brooks,

I am currently studying your books that I find extremely interesting (and dense).

You mentioned that you spend 10,000 hours or so working on indicators at the beginning before switching to price action.

I come from a systematic background and, as you, I am moving a bit away from it, partly because I found that "systematic setups" are often too simple to reflect the complexity of the market, or, conversely, because it would take an extremely complex program to reflect realistic setups.

But haven't you tried to mix both approaches?

I mean, being able to rely on solid backtests results is something definitively valuable.
It helps find out if the setups are really EV+ or if, as you mentioned for instance for 1-minute scalping, they are just EV- games in disguise.

Moreover, when you advise beginners to "print charts" and look if a setup works, aren't they just performing a kind of "swallow but complex" form of backtest? (with the downside being that they just remember when the setup was working and tend to forget all the failed ones?)

Personally, that's the road I am trying now. Will see where it leads.

Thanks again for sharing your knowledge with us.

Kind regards.

The following user says Thank You to siger for this post:
 
(login for full post details)
  #13 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 48,938 since Jun 2009
Thanks: 31,593 given, 94,595 received


I am closing this AMA thread due to lack of user participation.

Al Brooks will continue to be invited back to futures.io (formerly BMT) to give educational webinars on a variety of trading topics. You can find those in the Webinars section. But it seems the users (and Al) prefer that venue over the AMA thread in this particular case, so I am closing this thread as of now.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal

Closed Thread

futures io Trading Community Trading Reviews and Vendors > Al Brooks - Ask Me Anything (AMA)


December 3, 2013


Upcoming Webinars and Events
 

Relative Rotation Graphs w/Julius de Kempenaer

Elite only
 

Every journal equals ten meals for the hungry

Now
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts