smilingsynic trading observations etc.

[Lawrence]

It is organized the way you summarize it here or you have done the organization?

If it is the former, his writing is definitely more organized then Al. Maybe because the topic is more focused?

[geosing]

Thanks for the excellent synopsis and for taking the time to post it. Looks to me like this is worth the study.

[smilingsynic]

Organized acc to the chapter by chapter progression of the book.
Volman is a much better writer and provides more illustrations of his concepts.
By comparison, Brooks just likes to hear himself talk and has no clue on how to teach.

[smilingsynic]

you’re welcome

[geosing]

Does Mr Volman provide some rationale for using tick charts as the trading basis?

[vertigo3]

geo,
I have no idea whether Volman offers rationale for tick vs time bars, but here is url for someone who expresses an opinion.

http://www.prorealtime.com/en/x-tick-charts

[geosing]

Thank you.

[vertigo3]

SS,
remember, you owe me a beer for comments I made (like 2 years ago?) about AH price levels that got you started looking at AH.

A friend of mine wanted to know how often RTH PA printed at the 50% of the AH range.

I only looked at one contract so far, ESH12.
trade dates ran from 11-9-11 to 3-9-12.
I didn’t want to use continuous contract because I wanted it to be the real numbers we see LIVE.

STATS on 82 trade days of ESH12

AH50 hit 62/82 during RTH, 75.6% of the time AH50 Hit

40/82 opened BELOW 50% of the AH

of the 40 days that opened BELOW AH50, 32/40 printed AH50 in RTH, 80%

42/82 opened ABOVE 50% of the AH

of the 42 days that opened ABOVE AH50, 30/42 printed AH50 in RTH, 71%

[Lawrence]

v3, you beat me doing that here. nice!

[vertigo3]

I did find a bug in the code, now debugged, will run again and post results later today (Monday 3-12)

[vertigo3]

bug in code only affected 1 trade day, data virtually the same, here’s H12 and Z11
answering the question, How often is 50% of the AH rnge tagged in the RTH.

MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
STATS on 81 trade days of ESH12 these stats start on 11-10-2011 run thru to 3-9-2012

AH50 hit 62/81 during RTH, 76.5%

39/81 opened BELOW 50% of the AH
of the 39 days that opened BELOW AH50, 32/39 printed AH50 in RTH, 82%

42/81 opened ABOVE 50% of the AH
of the 42 days that opened ABOVE AH50, 30/42 printed AH50 in RTH, 71%

MMMMMMMMMMMMMMMMMMMMMMMMM

ESZ11
8-17-11 to 12-15-11 total 84 Trade days

total…58/84 trade days, AH50 was hit = 69%

RTH opened below AH50 37 times…23/37 tagged AH50 = 62%

RTH opened ABOVE AH50 46 times…35/46 tagged AH50 = 76%

[RoloRolo]

Thanks again for the incredible insight and hard work SS, also thanks vertigo3 for your studies. It does not fall on deaf ears or blind eyes.

[smfb6]

After reading this thread, it seems to me that Al Brooks comes across as a bad teacher (but a good trader). He also has a video course available now too, priced reasonably. I’m wondering anyone has any input on his techniques or has seen his videos. Not looking for the holy grail but an edge. Else, I’m looking to follow LC so I can get a handle on what I’ve been doing wrong all these years.

[Lawrence]

Here is a link to Al’s video made 2 years ago on trading trends, reversals and ranges,
http://youtu.be/AXuTMFne6Yg

There are several more available in the same channel on youtube.

I seriously doubt anyone would purchase his video courses after watching the ones online. =P

As SS puts it nicely, the retail edge really boils down to just money management.

[Lawrence]

@smfb6 said:

After reading this thread, it seems to me that Al Brooks comes across as a bad teacher (but a good trader). He also has a video course available now too, priced reasonably. I’m wondering anyone has any input on his techniques or has seen his videos. Not looking for the holy grail but an edge. Else, I’m looking to follow LC so I can get a handle on what I’ve been doing wrong all these years.

Over the years, I have helped quite a number of traders to see things differently and improved their trading. Since I am not doing this type of thing for a living, I have no intention in making my schedule busier than what it is now. Email me with straight talking of your problems, I will tell you what I know from experience that may help you with your situation.

[Author]

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