Anyone Study Al Brooks' Price Action Course?

I've downloaded his course on Price Action and so far it looks very informative, plus for someone like me that likes to trade intraday. Some of the methods like bar counting is good. Will view more of his vids and implement the ideas on the charts. Also been watching Ken Chow videos too, which is a bit confusing.

I agree. Very good strategy for day trading like I do too. He has books and also you can go on his website and take the course there is a lot of reading and videos. Under the contents course there is a forex trading course which is almost an hour long. It explains everything.

https://brookstradingcourse.com/vide...e-of-contents/

Let's expand this group so we can discuss market and share charts everyday.

I tried, I'm still trying, I just gotta say I'm glad to have found this thread so I know it's not me.... My problem understanding Al is the subject he is referring to in his phrases. I get lost very soon in his phrases he uses to refer to the subject of the chart area, and after trying a few times by re-reading or listening again and again, after a few attempts and not getting it, I'm done. That's a shame since I'm sure he has something very interesting and valuable to share, but I just don't know what - - it is!

Even in his videos it happens, but the books are much worse. He will explain a chart using words rather than just showing a chart, which I guess why he is making videos after the 4 books. Then there's his alternate definitions and usage of terms that the rest of the world uses for the same words...and that's the easiest part of attempting to understand him.

He is re-doing his entire video course, so I'm pretty sure I'm on target here, I just don't know if he's fixing the right thing, it is just about the best deal in market education, though. I would never use only one source of market educational material. GL

hi there. I am reading al's book, the first one bar by bar.
if its dificult to you guys, you may imagine how difficult it is to me cause i am not a english native speaker.
But i am trying and after some months of reading (yah its been 3 months since ive started) i could be able to learn some best setups.

If you are still losing money here are some things you should (must) do:

1) Only enter in a trade by a stop order;
2) Use only two the setups
a) High 2 or Low 2; If it fail at the first time you should enter in high 4 or low 4. Dont know what is high 1, 2, 3, 4? ask me.
b) Big reversal. When a strong breakout happend wait for a two-legged test of the extreme. It should be a higher high, but not too much, if it too high, its probabily the trend will resume.

2) If you risk 1 tick your reward must be at least 2. The stop loss is below your entry bar. By doing this you should only be right 30% of the time to not lose money.
3) Do trailing stop. After taking a trade, you should put your stop below at the last complete bar.

But only with this simple three steps you probabily will lose money at the begining, because its easy to me show you how it works in yesterdays chart. But is a quite difficult to read in real time. Thats why you should only have few setups cause if you have too many setup as all brooks teach you, you wont be able to think right in real time and you wont take the trade or probabily you are going to take the wrong trade.

It is diffcult to read his book!
Too much text, lack of Picture explaining.

I purchased his 3 book set, and after working with it for about 4 months, purchased his video course. All of this cost me about $370 USD. When it comes to books about trading, I have pretty much every good book worth having with particular respect to Wyckoff, general technical analysis, volume price analysis, price action, everything on Jesse Livermore, profiles of top traders, trading psychology, etc. No, I have not read all of them all the way through yet.

With respect to Al Brooks, his books and videos are the only ones I have come across so far that dissect market movements and explore them in such depth. Lance Beggs comes close (I recommend his course as well, which is about $200 give or take), but Al goes into more detail, not to say that one is better than the other though - I am going to go completely through Beggs' course (Have gone through for an overview and feel, but am focusing on Brooks at the moment) when I get through Al's complete course once.

Al Brooks is not teaching some sort of trading system - he is teaching a way of understanding market movements (To the extent possible) and fitting them into a framework (Based on Al's extensive studies and experience trading). I want so badly to understand what I am seeing when I look at a chart, so his methodology works perfectly for me.

Mind you, Al Brooks is an odd duck to say the least. He is intelligent, a bit awkward, very experienced in the markets, and constantly working to improve his methods, both in teaching and in practice. Read the intro to his book series and the picture becomes pretty clear - he is about as eccentric as they come, but don't underestimate his methodology on that basis.

With regard to the Al Brooks video course, I purchased, downloaded and put them on my tablet, where I watch at least 4 of his videos a day during my commute. During the day I watch his updated video course (Not available for download, but absolutely incredible quality and depth of coverage, impressively comprehensive). If you then explore the concepts in the books, using them as a sort of companion guide, you will learn so much.

In my due diligence prior to buying the books, I noticed a comparison of his books to calculus textbooks. I also saw an amazon review denoting the idea that Al Brooks' teachings are for the "Seal Team Six of traders". Both are pretty interesting claims, and I can tell you this - calculus is not a bad comparison at all. The books are heavy heavy reading. You will spend a ton of time trying to understand these concepts, but when you do, it will be readily apparent how valuable they are. Not that I agree with every word of his teachings, as there are times where a concept just doesn't make sense to me and seems slightly impractical in terms of application. However, when I moved on to the video series, which he continues to overhaul, I noticed many of the more opaque topics in the book are fleshed out and broken down, making them much easier to work through and wrap my head around.

Consider the fact that this is the sort of course that requires a great deal of time, study, review, and practice in the live markets. If you are reading this saying "What are your/Al Brooks' profit/loss as a result of using this method?", just give up trading because that is the most destructive attitude you can possibly have. What it comes down to is this - if it makes sense to you, use it, if it doesn't, move along to something that does. Al Brooks makes sense to me, and I find myself understanding more about market moves than I did before. Period. If you want to trade using some automated system based on indicators or software generated signals, you probably won't be interested. If you want some massive shortcut to making money in the markets, good luck, you won't find it in Al Brooks.

However, if you want to learn how to break market movements down and increase your understanding of what you see when you read a chart, I highly recommend this series of books and videos.

Someone said it before and I will say it again, if you study Al Brook's course and apply it, it will make you a better trader.

P.S. I highlighted the main ideas in case you get bored with my narrative.

hi latestarter... thanks for your very thorough response. I agree, he's not about a methodology, but more about reading price.

Hi all,

I thought I'd continue in with the original thread, Is the Al brooks trading course still a good recommendation to learn from ?

Thanks in advance

"Is the Al brooks trading course still a good recommendation to learn from ?"

I think so. I have watched much of the recent course (Nov 2016 thru Mar 2018, that is just now finally completely available). I have also been reading the second volume on trading ranges (about 5 pages per day). I even understand his writing now. I bought the books years ago and kept getting lost by his vocabulary. Actually though much of what he teaches he repeats again and again in different contexts.

I think he has learned from his trading room what people are confused about, and has focused on those points in his videos. So he not only talkes about understanding price action, but also talks about where to put your buy stop and limit orders, where to put your stops, where to take profit, when to take profit, and even times of day. His most recent vids I have yet to watch are about when a good trade goes bad.

My trading has definitely improved. And I think the price is reasonable. Especially when I think about the $2000 I spent for a useless course several years ago.

I have an update. I watched all the videos in the Forex course. That in itself wasn't easy. I found it to contradict my trading and much of what I believed and almost all of how I traded, which is good, since I've been losing for 20 years overall. It's still not easy for me to trade completely different from my past, it's a struggle to change one's belief about anything. To change behavior based on changing belief is almost impossible. So every day is a struggle to use what new that I've learned from Al that works and to resist trading the way I habitually did. So trading is hard, learning is hard, changing habits is hard, following thru with new behaviors based on replacing prior belief is hard, and it was hard to stick with the video course and suspend doubt about everything I was hearing from Al. Now it's very hard to keep a positive series of trades, but I'm doing it slowly and with incrementally small increases in risk as I see positive results. All of this is the 100% polar opposite of my original motivation to trade, and that's a hard thing to get around also. Discipline, also very hard for me, personal and trading discipline so there's that also.

Hi all, this is my first post.

I have Al's 3 books and his video course, and I spent a few months in his live trading room in 2016. If you go through all his material with diligence, you'll come out with at least the fundamentals of price action. But the material is dense, and Al's writing and speaking style is packed with jargon, oftentimes unintelligible.

My fundamental problem with Al Brooks is that I can't tell if he (or anyone else) is successfully using his system. I was particularly disappointed in his live trading room, where he spent a lot of time explaining what chart patterns he was seeing but never making any trading calls. It was amazing how much verbal energy he would devote to explaining useless stuff, like how every bull bar was a breakout on a different time scale, blah blah blah. I would have benefited immeasurably to hear him say "the odds are good, I'm going long here with 8 contracts" rather than his wishy washy "bulls want this to occur, but bears are looking for this other thing to occur." I don't know if he was actually trading or not. At the time he wouldn't disclose any actual trading results. He claims this was based on legal advice. (As a former lawyer myself, I'm calling BS). Given the fraudsters in this industry, it should be mandatory for anyone selling educational services to cough up some trading results or disclose that they aren't trading.

After a few frustrating weeks in Brooks' trading room, tradingschools.org reviewed it and slagged Brooks as a phony. At that point I wrote Brooks off.

With a few years of perspective, my view on Brooks has softened a bit. He really does cover a lot of material on price action. His predictions in his daily blog are oftentimes comically off.

But the bottom line is that I spent a lot of time and effort trying to digest and apply Brooks' material, but it never translated into positive trading results for me. These days my trading is a mishmash of price action styles, which has been fantastically profitable in my paper account but not in my live account.

For price action guidance, I'd suggest Bob Volman over Al Brooks. A few weeks ago I started reading Volman's books, and they are quite good. As a plus, Volman is not selling any courses or live trading rooms. He's very mysterious and does not seem to have an online presence anywhere.

bro,can any one please send me videos of al broooks if yall have them..as i am so passionate about his strategy ..iam reading his book rightnow and iam loving every bit of it

Hello,
I'm new to trading, I haven't started yet. I've shopped around and went to a free half day at OTA. I was shocked by the sale pitch that was given to me. After reading a lot about the OTA I realized that the 3 days, sold today at $399 will also a sale pitch trying to sell me a more expensive package.
After hours or research I found The Brooks Trading Course and frankly I've been amazed at him, after watching his free video on his site. I've heard people complain about him not being clear and being obtuse. Not at all! I'm not even close to being an expert, also I do have some very basic knowledge, I think I'm just going to buyhis package and start trading on a demo account for a few month just with what Brooks can give me. From what I've read in many reviews, I'll get as much with him as paying the Online Trading Academy $ 5000! Anybody agrees or disagrees?
Thanks for your time
Phil

Congrats to you for understanding Brooks Bar by Bar. I had a hard time understanding it when first starting out, I did a reread of it after a little more experience, and it became more clearer to me. I am a big believer in supply and demand, but I had to keep asking myself waiting for supply and demand entries seems like a waste of time for many entries, because there are so many entries being missed. I have studied Wyckoff and some VSA, I haven't paid big bucks for there courses but have read extensively about supply and demand. many patterns take to long in my opinion to form and waiting can be a real pain. I Have studied Wyckoff principles quite a bit, and most if not not all of this pertains to price action. Wyckoff even insisted on studying price charts and looking closely at price movement, and ticks, which is the closest to real trading as your gonna get. So the 5 minute charts, which Brooks advocates is a must know if your gonna be watching your charts, even if it is only a side chart to the higher time frames. I believe Brooks has a very good metaphor in his methods. If your a newbie I would suggest adding 5 minute chart analysis to your training and Al Brooks would be a good study to add. Even if it is a bit hard to decipher, for a lot of us anyway.

I have to leave a different comment on Al Brooks. I have been checking on Al for reviews and most of it is negative. I did not know he doesn't reveal his trading account status or history of trading, neither do most others. I believe that if you have a good track record your gonna let people know. So I am a little leery about his track record. He may not be a good trader. I will say this. His methods are worth looking at, but we all know that price is based on buy and sell orders. If you look at the most basic or shortest time frames from 5 minute down to 1 minute down to ticks, you will see that orders come in so fast that it is near impossible to judge price movement. It's like finding a needle in a haystack. But the 5 minute charts do reveal a lot about price movement. To me the 5 minute chart is probably the closest to understanding tic movement as any chart there is. But you don't need Al to teach this. Candlestick reading is as old as candlesticks themselves. It doesn't take a Doctor, like Al to know this. Wicks form on tops and bottoms, breakouts happen, in my opinion it is simply the multitude of orders coming in creating imbalances in supply and demand. Al Brooks even if he is a charlatan does show some good perspective on reading prices which is good. Richard Wyckoff as everyone knows was a proven trader who made millions, and he advocated tic reading, which is basically what Al Brooks is advocating. Wyckoff talked a lot about breakouts, and Al Brooks does the same. But you can't really read a tic chart, all you know is that when you see the price changing on your screen it is becoming active, and all you can do is make an educated or best guess as to direction and where and when to place stops and targets. I have read and studied some of Al's methods as well a many others. My conclusion on Al is it is simply candlestick reading and supply and demand imbalances. You don't need Al to teach that, but he can give some perspective on tic reading. Al really is close to Wyckoff on his methods if you don't believe me check out some of Wyckoffs old trading charts and his training methods. Al Brooks is just rehashed material of old trading systems in the lines of Wyckoff and Livermoore.

Hello

I am glad to read this Thread about Al Brooks System.

I have all 4 books,
and I try to read them from 01.09.2017.
English is not my native Language
therefore my reading runs slowly.
But I make it every Day
and I begun to understand a bit more then 17 Months ago.

I would like to discuss here his System
with Charts

I trade M5 EURUSD only

All the best

vvm

M5 EURUSD
KeyLevels on M5

Good Morning,
every morning I prepare M5 for Trading.

1. On D1 I mark the last Bar

s. Chart

All the Best
vvm

M5 EURUSD
KeyLevels on M5
Good Morning,
every morning I prepare M5 for Trading.
2.1 On H4 I mark the last Bar
2.2 This Mark I move after 4 h. to the next Bar

s. Chart
All the Best
vvm

M5 EURUSD
KeyLevels on M5
Good Morning,
every morning I prepare M5 for Trading.
1. On H1 I draw the blue TrendLines (Visualization: on H1, M30, M15, M5 only)
s. Chart
All the Best
vvm