7.19.23. This video was a review on oil and the Gold. It's all about follow-up will you make a decision and you go back the next day and determine if your decision was right or wrong. If you're wrong, it's not the Market's fault so you go back To see if there was a way your analysis could have been better... and then every day you look to see how your observations can be more reliable.... and you keep on doing it for years or as long as you're Trading. I didn't say this, but it should be obvious that the real bad decisions you should stop.
I talked about Al Brooks who has a very good video course it's very Inexpensive for what it is. And I talked about Alan Andrews who made 400 million for Joseph Kennedy Showing people how he used action reaction lines to make his fortune but nobody could understand it so he modified his approach using Forks. If you're the average person that hears about Andrews you think you have the magic tool Andrews Forks which had nothing to do with his training. if you Were the average person who swears by the forks... and believe me there are people who have almost a religious conviction of how special the forks are... it's almost like a cult with some people. and you ask them what kind of Trader Allen Andrews was I would bet the vast majority of enthusiasts would not tell you that he was a stop and reverse Trader... they probably tell you more likely that he was that channel Trader or they wouldn't have any idea what he was.... and if you're in a room of Andrew's Fork Traders as I have been... every Trader has an entirely different looking chart and it is amazing... how can that be useful? I did learn things from Al Brooks because he triggered my brain and I had to work through his point of view which I never would have thought about if I never listen to him.... and I made it better for me because he triggered my brain. I never made money from Forks and I did it constantly for 6 years... and it was about 6 years after I started that Timothy Morge said that Alan Andrews was a stop and reverse trader...But Timothy said he was not a stop in Reverse Trader....And that Was the beginning of my Epiphanies... but first I had to work with Larry Pesavent fpr 7 weeks, and then a clinical psychologist who worked with professional Traders for a few weeks, And then Al Brooks off and on for 2 years with great difficulty, personally.... without talking to my old training friends and people that I knew from the markets for probably 3 or 4 years Chipping away until I found consistency. If you follow me to any degree...I would suggest that you use me for the epiphanies and then Determine how you can use them.... and then move on and study your market decisions... alone. And be honest with yourself. I am sure there are very few people who start off as market prodigies... it takes work.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.