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Rob Smith In The Black—The Strat-Does anyone have experience with this? Any feedback would be helpful.
My personal impression was Rob presented a simplified subset of principles from Al Brooks' books. This is only my personal opinion. There is a Steve Burns article frequently referenced here. There is also a YouTube video which should provide a good indication of his overall personality.
As an interesting aside, Rob was formally associated with T3 Trading Group who offered his daily "room" and course as one of their T3 Live subscription services. He surprised many by suddenly moving to TickerTocker. T3 claimed they had no advance notice and learned of his departure via public tweet. I have no insight into the behind the scenes issues.
Hey guys. I've been back and fourth on the idea of a new journal thread for a long time. I've decided to move forward, so here it is.
So I want to start with a description of what I'm trying to do and why. First, I guess, is the who of …
I have studied #thestrat for more than a year. It is an excellent foundation for price action and an absolute must study. However, Rob makes it seem like its the holy grail when its not even close to that. His youtube videos are all in hindsight so they are good for the basics and for reviewing what has happened for context...but they are not videos of an actual trader taking real trades. It isn't possible to trade like that in real-time because in real-time you'll have a million signals trigger and you will need to figure out which ones actually lead to continuation versus which ones just chop back and reverse on you. Hope that has been helpful and made sense.
Seems like an accurate description. I’ve looked at TheStrat on and off a few times but as you say it is not something that seems can be used on its own.
I have yet to see anyone trade it live or even recorded any live trading. All I have seen is plenty of people charging for trading and coulda woulda shoulda after the fact action.
Also I’ve seen people complaining about getting mocked or laughed at when attempting to query or ask Rob any deeper questions. Kinda put me off looking at it.