Anyone Study Al Brooks' Price Action Course?

M5 EURUSD
KeyLevels on M5
Good Morning,
every morning I prepare M5 for Trading.
1. On M15 (LinienChart) I draw the red KewyLevels(Support/Resistance Lines, Visualization: on M15, M5 only)
s. Chart
All the Best
vvm

M5 EURUSD AlBrooksSystem

Now is my M5 ready for Trading after AlBrooksSystem.....

s. Chart

I'll be glad to speak about this System here.
It works sometimes for me and sometimes does not...

But I'm sure
it is a very good Sytem

My Problem is
I can not to move all Rules
from Emeny TickChart
to M5 EURUSD

I have many Questions about
how it works with EURUSD
but I hope together we will be more better with this System.

atb/vvm

M5 EURUSD AlBrooksSystem

I have forgotten a small Detail on my Chart.

There is a BigRoundNumber Indicator
with this Properties,

s. Picture

atb/vvm

M5 EURUSD AlBrooksSystem

Attention on M5!!!

Chart

atb/vvm

M5 EURUSD AlBrooksSystem

It were a Bounce possible:

1. Support is Broken
2. BearishTL is broken

Chart

atb/vvm

M5 EURUSD AlBrooksSystem

It were a Bounce possible:

3. BullReversalBar is here too
although it has a long Upper Tail
I'll trade this BuySetup ....

But unfortunately I don't trade till 10th February.

Chart

atb/vvm

M5 EURUSD AlBrooksSystem

Trade & Chart

atb/vvm

M5 EURUSD AlBrooksSystem

H4 Bar and blue Trendlines on H1 were corrected

SL hit

new Entry Short
1.14733 SL10 TP 30
Chart

atb/vvm

Hello Techanalyst,
do you have Time and Interest
to discuss AllBrooksSystem here?

All the Best
vvm

I do not trade that strategy anymore. You can apply Brooks strategy on all timeframe but i use to do it on 5min chart. Not anymore, now i trade hourly,4h and daily. Trade safe.

So Techanalyst, you think it's better to use hourly charts?

VVM, looks to me like your entering long on down moves. If I am reading it right. I would wait myself for a bigger pullback, then again maybe your using a buy the top strategy in a down trend. Of course i may not be reading it right. The only thing with Al Brooks i don't like as with any person selling books or courses and claiming to be a great trader or profitable one is don't tell me you can trade and not show your profit statements. Or some kind of proof your not whitewashing me. Other than that, yes i have read one of his books and I am a member of his web site, but since he can't show me any proof, I have decided to go another route. I am incorporating Algo trading systems in my trading. Algo has a better success rate than discretionary trading, so i have been told, I guess I'll find out! I know a bit of programming so I am gonna give it a try. Kind of starting to like it, VVM, if Al works for you!! All the Best!! I don't think his system is bad, quite the contrary, I like his system, but my question is, does he make money doing it. His system reminds me a lot of Richard Wyckoff, bar by bar tic charts, in the case of Al it is 5 minute, which is a viable method, after all Wyckoff made millions using virtually the same system. If you read Wyckoffs course material which is available free with some searching, he studied his charts closely, and that is kind of what Al Brooks teaches. Except Wyckoff was a verified money maker. My two cents. Good Luck in your trading!

He sweatx,
thnks for your message,

unfortunately I have no time till 10.02.19
to discuss this topic

I can say only
I am learning now
how to trade this System
I have no much Experience with it,
but I hope..........

All the Best

I started trading Live in January 28 2019. My trades were terrible - I lost all hope. Then, I signed up for Al Brooks Trading Course and switched everything around instantly. Price Action is difficult and requires undivided attention. I spend few hours with studying and practicing it every day and I always discover something new about it. First time in my life I enter the market with full confidence and see myself in the future as a trader.

With my old "strategy" I could have lost nearly half of my money within 250 trades. With my new strategy in 250 trades I will nearly triple my "mini" account by trading mini lots.

Specifications before I signed up (20 trades) trading micro lots:

Gross: -36
Net P&L: -42
Win %: 35%
Payoff Ratio: 0.16
Expectancy: -2.22
Total (R): -819.1
Avg (R): -40.95
Max DD: -5%
Avg DD: -1%
Trade Grade (SQN): -3.02
ROI: -4.23%
Total Winning Trades: 8
Total Losing Trades: 13
Total $ Wins: $8.58
Total Loss: $44.12
Avg $ Win: $1.07
Avg $ Loss: $3.39
W/L Ratio: -0.32
Profit Factor: -0.19
APPT: -$1.69
Expectunity: -$41.6

Specifications after I signed up (90 trades) trading micro lots:

Gross: 36
Net P&L: 36
Win %: 67%
Payoff Ratio: 1.03
Expectancy: 0.40
Total (R): -30.54
Avg (R): -0.34
Max DD: -1%
Avg DD: 0%
Trade Grade (SQN): -0.81
ROI: 3.76%
Total Wining Trades:61
Total Losing Trades: 29
Total $ Wins: $67.26
Total Loss: $31.41
Avg $ Win: $1.10
Avg $ Loss: $1.08
W/L Ratio: 2.10
Profit Factor: 2.14
APPT: $1.08
Expectunity: 35.8

Disclaimer.: I am not affiliated with Al Brooks and I am not advertising his PA system.

I am a beginner trader. In my last post I had 90 trades and I was up from miserly -4.2% to 3.7% ROI with the Al Brooks PA system. I am back to studying/practicing PA at least 5-10 hours a day. Now I am at my 105th trade and my ROI doubled - it's at 7.41%. My goal is to raise my ROI to 15-25% within two years. Also, with my $1000 account, I started trading mini lots instead of micro lots. I have never traded yet more than 3 mini lots per trade.

My Expectancy, Total and Average (R), SQN, ROI improved. When I lose money it's not because the Brooks PA sucks. It's because my Stop Losses are too tight - beginner's mistake. But, my calculations about market behavior/direction are almost impeccable, thanking to Al Brooks. On a smaller timeframe (M1 and M5) decisions rather have to be quick. But the more you'll learn, the quicker and more comprehensive your market assessments will be. Through obsessive, repetitive and persevere learning/practicing your trading will become an effective routine, thus, a great relief.

My stats are:

Gross: 70
Net P&L: 71
Win %: 66%
Payoff Ratio: 1.00
Expectancy: 0.68
Total (R): -15.87
Avg (R): -0.15
Max DD: -2%
Avg DD: 0%
Trade Grade (SQN): -0.40
ROI: 7.41%
Total Trades: 105
Total Wining Trades:70
Total Losing Trades: 35
Total $ Wins: $143.93
Total Loss: $73.14
Avg $ Win: $2.06
Avg $ Loss: $2.09
W/L Ratio: 2.00
Profit Factor: 1.97
APPT: $2.07
Expectunity: 70.79

Disclaimer.: I am not affiliated with Al Brooks and I am not marketing his PA system. My intention is to share my experiences with the system. There are few who put him down. It's rather their failure to understand and utilize PA, not Al's. Learning Price Action is a hard work - at least for me. I have been studying trading for the past 2.5 years or 5000 hours. I got acquainted with the Brooks Trading Course in the spring, 2019 - it's difficult. Since it turned my trading around in a blink, I figured, in the next 2.5 years or 5000 hours of learning/practicing Brooks PA I will become a self-sustained and proficient trader.

I read his first book and very confuse and cannot understand the abbrevation that he said in the book.
However, I feel something that he wrote is true. So I buy the course.
Now I'm studying and I feel happy and more understand what he talk in the book.

For his monotone in the video. I set the speed to 1.5x and it's better.

How is it going with your plan mate? are you on any study group for AI's course?

Hi guys.
I'm trying to get some more info on Al Brooks course.
I am currently a non - profitable / break even swing trader. By swing trader i do not mean longer term trader / larger time frame trader. I mean i trade the swings in the market. I base all my trades on price action only. The guy i learn from is the real deal however his teaching style is not for me.
This is why i have started looking for a new mentor of price action.
My questions about Al Brooks are as follows.

Does he teach price action and general how to read the market, or a strategy?
Is the what he teaches, only for short term trades as i see allot of scalping from him.
With what he teaches do you need to micro manage your trades / entries or can you set and forget?

Cheers guys.

I like the concept of Price Action trading strategy and so far.. I trade with this strategy

Thats good. So do i, i believe price action trading is the only way to trade consistently.
However i think you may have missed my questions.
Does he teach how the market works, which can be used to read any market and any timeframe as it is just how markets move.
Or does he teach a method?
Thanks.