Anyone Study Al Brooks' Price Action Course? | Forex Factory

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Anyone Study Al Brooks' Price Action Course?

  • #1
  • First Post: Mar 5, 2013 11:22am Mar 5, 2013 11:22am
Hello All,

I have recently seen several videos on Al Brooks' price action trading course and was impressed by his no nonsense approach to interpreting price action. I was curious if anyone out there has taken his course and what you thought of it. I am considering buying the course but, as with most courses, I'm not liking the price tag.

I have paid too much money already, and taken many courses that have amounted to exactly ZERO. I am wondering if you have taken the course what you thought of it and/or if you think it was worth the price tag.

Thanks
  • #2
  • Mar 5, 2013 11:35am Mar 5, 2013 11:35am
Quoting gspajon
Hello All,

I have recently seen several videos on Al Brooks' price action trading course and was impressed by his no nonsense approach to interpreting price action. I was curious if anyone out there has taken his course and what you thought of it. I am considering buying the course but, as with most courses, I'm not liking the price tag.

I have paid too much money already, and taken many courses that have amounted to exactly ZERO. I am wondering if you have taken the course what you thought of it and/or if you think it was worth the price...
Honestly - Al is a genius and has an unparalleled understanding of the market. He has a system which covers all phases in the market cycle so it's complicated and quite difficult to follow. I'm about 3/4 of the way through his video course and I'm starting to understand how he thinks and trades - but in my opinion the course is much longer than it needs to be and not as clear as it could be. You also might have to watch the videos a couple of times to fully understand what he's trying to convey and that's a huge time investment. He also focuses mostly on the 5 minute chart - but in his defence the concepts are universal and he does go through some daily charts.

If you're concerned about costs he has 3 books which cover the same material but I've heard that they are also quite difficult to follow in parts. All in all I'd say it's definitely worth the purchase price.
  • #3
  • Mar 5, 2013 12:53pm Mar 5, 2013 12:53pm
Quoting gspajon
Hello All,

I have recently seen several videos on Al Brooks' price action trading course and was impressed by his no nonsense approach to interpreting price action. I was curious if anyone out there has taken his course and what you thought of it. I am considering buying the course but, as with most courses, I'm not liking the price tag.

I have paid too much money already, and taken many courses that have amounted to exactly ZERO. I am wondering if you have taken the course what you thought of it and/or if you think it was worth the price...
Hey, this book is one of the top pieces on trading I've seen in the last 10 years. Well worth the money.

http://www.brookspriceaction.com/alb....php?pic_id=13
  • #4
  • Mar 5, 2013 7:01pm Mar 5, 2013 7:01pm
Thank you for you opinions folks...they are greatly appreciated. For those of you who have actually taken the course...one quick question...is there some special method that Al Brooks uses to draw trend lines? In the video I saw it looks like he draws a line on the leading side of the price action then draws a parallel on the trailing side...

By that I mean, the following...in the case of a bull trend, he first draws a line across the highs, then a parallel (assuming it fits) across the lows...this is exactly the opposite of how I draw them. Is this in fact the case or did I just interpret it wrong. In the video I saw he didn't explain it at all I just watched how he drew the lines and concluded that from what I saw.

If its not breaking any non-disclosure agreement, I'd greatly appreciate an answer...is there a specific method to drawing "correct" trend lines? I know this sounds stupid, but again I just thought perhaps there might be some wisdom there I could gleen.
  • #5
  • Mar 6, 2013 3:51am Mar 6, 2013 3:51am
Quoting gspajon
By that I mean, the following...in the case of a bull trend, he first draws a line across the highs, then a parallel (assuming it fits) across the lows...this is exactly the opposite of how I draw them. Is this in fact the case or did I just interpret it wrong. In the video I saw he didn't explain it at all I just watched how he drew the lines and concluded that from what I saw.
Generally for a bull trend he draws a trendline across the lows, and then assuming it fits a parallel line across the highs - but sometimes the parallel line across the high extends back in time further in the past than the trendline across the low (which also makes it longer).
  • #6
  • Mar 9, 2013 10:46am Mar 9, 2013 10:46am
I am a non-believer.....
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #7
  • Mar 9, 2013 11:32am Mar 9, 2013 11:32am
Quoting pemully
I am a non-believer......
"Non-Believer" in what...the markets? Technical Analysis? Yourself?
  • #8
  • Mar 9, 2013 12:52pm Mar 9, 2013 12:52pm
Quoting gspajon
"Non-Believer" in what...the markets? Technical Analysis? Yourself?
in any attempt to understand the markets....maybe I'm not intelligent enough.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #9
  • Mar 9, 2013 5:06pm Mar 9, 2013 5:06pm
Quoting pemully
in any attempt to understand the markets....maybe I'm not intelligent enough.

I think that having intelligence is certainly not enough, ( I've got three degree's and 2 years experience in Forex ), it's more about big b******s and strength of convictions. I'm coming around to the conclusion that you are either risk adverse or not, if you are then its all uphill, but for most people this it the natural instinct.

Man.......the number of times of times that I closed winning position, early !!!

It is rather like golf.........it's easy to understand the rules and play ..........its easy to improve with practice ........................but how many actually become good enough to earn money from playing golf !!!
  • #10
  • Edited 7:36am Sep 15, 2013 4:12am | Edited 7:36am
Quoting TheMaxx
{quote} Honestly - Al is a genius and has an unparalleled understanding of the market. He has a system which covers all phases in the market cycle so it's complicated and quite difficult to follow. I'm about 3/4 of the way through his video course and I'm starting to understand how he thinks and trades - but in my opinion the course is much longer than it needs to be and not as clear as it could be. You also might have to watch the videos a couple of times to fully understand what he's trying to convey and that's a huge time investment. He also...
Have you completed the video course since March? I'm deciding between buying the 3 books or doing the course, but I know I learn better through audio-visual than straining the eyes to read (and figuring out the illustrations). Like to hear feedback from other followers too, and if possible some intelligent comparison with Chris Lori or Lance Beggs' teachings.

Quoting Gumrai
I have only read his first book, Reading price charts bar by bar.
I understand that the newest 3 books from 2012 are "better" written than his first 2009 book. In any case I'm going for the video course (27 hours long) mentioned in this thread.
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No longer trading forex. Looking for full time job.
  • #11
  • Sep 15, 2013 5:39am Sep 15, 2013 5:39am
Quoting mmaker
{quote} Have you completed the video course since March? I'm deciding between buying the 3 books or doing the course, but I know I learn better through audio-visual than straining the eyes to read (and figuring out the illustrations). Like to hear from feedback from other followers too.
I have only read his first book, Reading price charts bar by bar.
To be honest the way the book is laid out is a disaster and extremely difficult to follow. He writes about stuff and gives example charts and you don't have a clue what he is talking about.
The problem is that explanations come later in the book and they are still not very clear.
I consider myself quite intelligent, but on the first read through, my head was throbbing and I managed to absorb very little.
Second read and I absorbed more, but still only a fraction.
From what I have read elsewhere, the 3 book series covers much the same stuff as his first book but in more detail and slightly easier to follow.
The book is well worth the money, but only if you are prepared to put in the time, effort and concentration. If you want an easy to follow system/method that turns you into a super-trader, you won't find it in his book. But if you do put in the effort, the book will certainly make you a better trader, even if you only absorb 5%.
Please Do Not PM Me With Coding Enquiries
  • #12
  • Sep 16, 2013 3:50am Sep 16, 2013 3:50am
Quoting mmaker
{quote} Have you completed the video course since March? I'm deciding between buying the 3 books or doing the course, but I know I learn better through audio-visual than straining the eyes to read (and figuring out the illustrations). Like to hear feedback from other followers too, and if possible some intelligent comparison with Chris Lori or Lance Beggs' teachings. {quote} I understand that the newest 3 books from 2012 are "better" written than his first 2009 book. In any case I'm going for the video course (27 hours long) mentioned in this...
I haven't read the books so cannot comment. Although he may be a genius, he's a terrible teacher and his method is extremely complicated. I walked away with a much more solid plan after reading Lance Beggs' books, although with Lance Beggs his method covers a far fewer scenarios.

If you've watched any of Al Brooks' youtube videos and got to the end and said, yes I understand what he is trying to teach, I'd buy his videos. If you're a more advanced trader, I'd go with Al Brooks.
  • #13
  • Sep 16, 2013 7:47am Sep 16, 2013 7:47am
Quoting mmaker
{quote} Glad to hear that you knew Lance Begg's materials (not mentioning his site). I'm very comfortable with Lance Beggs' writings so the impression is Al Brooks is a terrible writer. I guess I'll not waste time on his stuff. Thanks!
Brooks' course is useful, it's just confusing. Watch these videos, and if you're happy with his style buy the course:
http://brookstradingcourse.com/free-trading-videos/

I do recommend him, but I personally struggle to retain all his says.
  • #14
  • Sep 16, 2013 7:55am Sep 16, 2013 7:55am
There is a saying, "Those who can't do, teach"
I believe that Al Brooks proves that "Those who can't teach, can do"
Please Do Not PM Me With Coding Enquiries
  • #15
  • Sep 16, 2013 10:50am Sep 16, 2013 10:50am
Quoting Gumrai
There is a saying, "Those who can't do, teach" I believe that Al Brooks proves that "Those who can't teach, can do"
Yes it is true.
  • #16
  • Sep 21, 2013 10:41am Sep 21, 2013 10:41am
Started studying al brooks course since 2 weeks, watching like 3 or 4 videos everyday and I totally agree with TheMaxx, it's REALLY difficult to understand what he wanna say, He is talking about common sense and trading in general using price action So you have to be 1000% focused to bear with him. People always called me the smart one in the neighborhood but after watching a couple of these videos I'm starting to doubt that ... Final word: it's worth the money if you gonna give time and effort to understand it. good luck
So sorry for always replying late! But I got 2 Jobs!!
  • #17
  • Nov 24, 2013 7:58pm Nov 24, 2013 7:58pm
I have all 4 Brooks books. I have his video course.

The video course is easy to follow. It is a good place to start if you tried the books and found them hard to understand. The video course sticks to the basics. It is the best value of any trading course which makes it very cheap compared to what you get.

You will probably want to follow up with the volume set of books. It will go into more detail.
The 3 volume set is much, much better than the original book. It has tons of examples that are well-explained. The language is easier to follow.

Neither will make you a consistently profitable trader. That comes from within. But once you understand yourself in regards to trading, they will get you to reading price action like the pros.
  • #18
  • Nov 25, 2013 4:49am Nov 25, 2013 4:49am
Quoting gspajon
Hello All, I have recently seen several videos on Al Brooks' price action trading course and was impressed by his no nonsense approach to interpreting price action. I was curious if anyone out there has taken his course and what you thought of it. I am considering buying the course but, as with most courses, I'm not liking the price tag. I have paid too much money already, and taken many courses that have amounted to exactly ZERO. I am wondering if you have taken the course what you thought of it and/or if you think it was worth the price tag. Thanks...
hey . if you don't mind me asking... how much did you spend on trading books and courses?
  • #19
  • Nov 25, 2013 7:27am Nov 25, 2013 7:27am
Quoting gspajon
Hello All, I have recently seen several videos on Al Brooks' price action trading course and was impressed by his no nonsense approach to interpreting price action. I was curious if anyone out there has taken his course and what you thought of it. I am considering buying the course but, as with most courses, I'm not liking the price tag. I have paid too much money already, and taken many courses that have amounted to exactly ZERO. I am wondering if you have taken the course what you thought of it and/or if you think it was worth the price tag. Thanks...
Start with his first book and if it is OK for you then buy the videos. Al Brooks trades on simple price action but explains a few nice tricks such as failures and failed failures. His basic rules are pretty simple and easy to understand. Unfortunately they are for trending markets and at least for the forex couldn't be applied right now. I don't know about the indices.
  • #20
  • Oct 5, 2014 12:26am Oct 5, 2014 12:26am
I have 2 years of losing and 2 years of breakeven trading experiences. Along the way I have tried courses and systems. Some were more expensive than Brooks' course. So far, I think this course is the best one. It needs some screen times to grasp Brooks idea. Also , it needs some patience to watch the long video with Brooks' mono tone. For me , the video course is better than the books. I am trading the Brooks' system now. IT WORKS!
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