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I think there needs to be clarification about what constitutes the starting point. Is it your first trade or the moment you started researching trading. It would be wise to study a while before jumping into the market, or trade small amounts while you are learning.

It can take years just to acquire the knowledge and to get a point where you have filtered all the garbage out there. Funny how people think they can just start trading and be succefully after reading a book or a few forum threads, when a surgeon for example won't be allowed to touch a patient...

Eric_p, Dustin, Lescor, Acrary.

I had read some of it and found some good points, but surrounded by far too much padding. I say I am sure there is good stuff based on other posters reviews such as NoDoji.

How would I know where the good stuff was until I had read it? I have read other books recently that are a 10th of the size and get to the point immediately with maybe a paragraph or two of introduction.

An update, Sadly I have returned the book for a refund. It was far too rambling. I'm sure there is some good stuff in there but I would prefer if it was straight to the point, I had to wade through many pages of dross before I got to some meat.

Cool thanks, I plan to use Daily for bias and hourly for entry, then check every hour, can't really day trade the 5 min from work.

Do you find the material applicable to higher timeframes like the hourly/daily as well as spot forex?

To be honest I am finding the book a bit long winded and repetitive. :eek:

It's not a signal system!!!, and it requires a fair amount of focus, work, practice and experience to become proficient. That alone will be a barrier for 99% of new traders.

It seems you have no idea what Al Brooks teaches, it's not a system where all proponents will trade exactly at the same entry point or signals. Also there are likely to be many traders trading at the same price in the same direction as you for any number of reasons, does that mean you can't be...

Thank you for your excellent response, im about to hit the sack but I will just say your post has articulated some of the worries I have regarding this method. Having read a small part of the book I am thinking that there is an awful lot to remember for an intraday method. I am sure there...

Are you talking about his latest books? Everyone agrees and Al himself admitted his original book was hard to read. His new books are not cryptic, but from what I have read of the first one, they are very very detailed. I prefer too much detail then not enough as you have less chance of...

Er that statement is something a week old trader would know, not that it is relevant to a small retail trader who is trading a discretionary system. Can I ask anyone who does not intend to read and trade based on Al's Brooks to stop posting. Thanks.

Maybe you are not cut out for trading price action, doesn't mean everyone else isn't. HTH

About capital, With 5-10k you could day trade index futures. One contract tick on ES is worth $12.50 so a 2 point stop is $100 bucks plus commission. Which is 1% of the 10k account and 2% of the 5k account, per trade. Obviously you would already have success in simulated trading for a...

Nope, if someone posted "I tried al brooks, studied it and traded it for months but it never worked for me, because of X,Y,Z" then I would also be thanking them. Rather than "AL SHOW ME YOUR ACCOUNT OR YOU ARE FULL OF SHIT" or "I glanced at the book cover and decided the guy has no trading...

As thread starter, can I ask the mods to close it? It's been ruined by trolls and/or bitter failed traders. I am all for debate and criticism but the level that the Al haters are at would better suit a kindergarten playground. Got my book today btw, can't wait to read it, thanks to the posters...

Hi, This is a great site for stocks and other instruments and its free www.freestockcharts.com. Regarding your method, you could look back and see how it performed on previous periods.

You skimmed through it and judged it based on the chart annotations? Have you written any books on trading or articles for trading publications?