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I'm making snail-like progress through Reading Price Charts Bar By Bar as most people do.
One thing that I figure would really help is a comprehensive reference for all the patterns, set-ups and terminology he uses. Something that provides the full details rather than just the glossary in the book. Maybe this does exist already but I've gone over his forum at Brooks [AUTOLINK]Price Action[/AUTOLINK] - Home and I've gone through this thread and others here on futures.io (formerly BMT) but I haven't found what I want.
The articles and videos are all good, but if you're reading the book and he's just mentioned "Three Pushes Up" or "Failed Final Flag" for the first time (or again if you just ignored it first time) without any explanation, then it would be pretty useful to be able to look it up. Of course I use the book's index but often it refers you to a page where the explanation is really skimpy or confusing.
At the moment I feel like I have to swallow the book whole before it'll make any sense.
I know I'll get there but I also feel in danger losing a lot of the info that he pumps out like a fireman putting out a blaze - i.e. having a better reference to fall back on would be reassuring.
I guess if there isn't one, it would be easy enough to start a wikipedia style reference with an entry for each pattern, describing it verbally and showing an example on a chart.
I just figured, I can't be the only one thinking this way - so how come it hasn't been done already - or have I got the wrong end of the Al Brooks stick?
You can discover what your enemy fears most by observing the means he uses to frighten you.
Hi Surly, I too have joined Al's trading room, in the beginning of May. I have found it a truly eye-opening experience, and it has really helped my trading. At first it is very overwhelming, with all the information he gives out, but with time it starts to become easier to understand. It just amazes me the insight Al has of what the market is doing and why, and when you can start to predict that behavior with greater certainty it is a great step forward to trading successfully. That is what I find is the best part of his trading room.
I also figured what I could do is put all the docs I have to do with Al Brooks into a directory on my machine and set the google local search engine to search through the lot on any search term I'm looking at.
Your docs will definitely go in there.*
By the way, you're only supposed to blow the bloody doors off!
* Just a quick note: it doesn't search the text embedded in the images - which is about 50% of the useful text. Rats.
You can discover what your enemy fears most by observing the means he uses to frighten you.
I have been in Al's daily webinar for about 7 weeks now, about 3 days a week. I must say that Al is a fantastic and very humble teacher, he does this because he loves trading and teaching others, not for money. It is not just about price action, he teaches market profile from a yearly time frame to the latest tick, and what other traders are thinking, and what they are probably going to do, especially institutional traders, everything is put into context. Like many great teachers he teaches you to think for your self. ( I am to the point now that I can sometimes predict what he is going to say before he says it). His book is a hard read but that is only part of the equation IMHO, you also need find your own trading style and lots of screen time. There are some really good traders in the room and we all trade differently. Also Al thinks Sim trading is a waste of time, except for learning how to use the trading platform.
Prizes:
(10) Autographed copies of your choice of any of Al's books (he has three new ones coming out soon).
Please note - room capacity is limited to 500 people, and we are expecting MORE THAN 500 people to attempt to be in the webinar, so register soon and also don't be late joining the webinar. Registrations are required, but room availability is based on first come, first served.
That was really good. It was also different than prior. He focused on one area and went deeper, that showed how he thinks. It also shows how there's no shortcuts to doing the homework, studying his book and very slowly learning what he has to offer.
Studying his book definitely has helped my trading. And, I know of services charging $10,000 to get to the level of what he is sharing. They call that their advanced class, probably the 3rd in their series of hand-holding seminars they offer. So he's doing a great service and sure is a rare one to not exploit his info...good guy. OTOH it's not that the educational services are not educating. I just don't do anything at any one else's pace or payments or whatever, I've tried the hand-holding thing, school doesn't work on me.