I hear Al Brooks name a lot as it relates to price action. He's been around a long time. I have not read any of his books yet. I have read some of articles he's written and usually when I ask a question that relates to price action, someone mentioned Al Brooks. I did a search though on ET and most of the threads were negative. I am reserving judgement because as a new trader, my opinion is not worth squat.
Today was day one of two free days than anyone can get in Al Brooks trading room. A free trial that otherwise costs $90 a month. To be honest, I thought this was very cheap. I was shocked. I thought it would be in the hundreds since he is so well known. Anyways, I got into the room about 7am by the time I configured the webinbar software. This really turned me off. To get into his webinar it takes special software that costs $99. They also include a free trial though but I didn't like having to give them my credit card number to do it. That is a real turn off. Anyways.
He did speak about every 2-5 minutes and sometimes he just went over what had already happened and sometimes he predicted what might happen in the future. The frustrating part was that he would talk about going long and in the next sentence he would make an argument for the shorts. I kept in mind though that he doesn't claim to give advice about market entry and exit. At the same time, I think he does trade but doesn't mention every trade he makes. Here is why I think that. There were a few times when he took only one side and made his argument. It happened to be contrary to what I was trading at the moment. I was already in a trade and waiting for the market to move down and he was advocating up. I'm a new trader and thought that he would obviously know more than I so I hit the reverse button and traded his direction. Keep in mind I am just paper trading but I take it seriously because one day it will be real money. Anyway, the market started moving down and he didn't say anything about it until the next trend line and then he spoke about the next setup. After 5 hours or so he said that he was flat on the day. I think he said that he had expected things to go differently then they did. I ended up leaving at about 11:30.
So I will sum up with this. If nothing else, this is free education for me. I am learning about 2 legged pullbacks and head and shoulders, and things that I have only read about. It is very helpful to have someone that will actually put himself out there and explain what he's doing. So today didn't go well but I got a lot out of it and am looking forward to trying it again tomorrow. I just wanted to post about my experience. I know that many of you don't respect him but I say kudos to anyone who will put themselves out there and teach for very little in return. It is worthwhile to me. Not sure at this point if I will continue it. I'm more perturbed about the webinar software than anything else but hey, no big.
Peace.
Today was day one of two free days than anyone can get in Al Brooks trading room. A free trial that otherwise costs $90 a month. To be honest, I thought this was very cheap. I was shocked. I thought it would be in the hundreds since he is so well known. Anyways, I got into the room about 7am by the time I configured the webinbar software. This really turned me off. To get into his webinar it takes special software that costs $99. They also include a free trial though but I didn't like having to give them my credit card number to do it. That is a real turn off. Anyways.
He did speak about every 2-5 minutes and sometimes he just went over what had already happened and sometimes he predicted what might happen in the future. The frustrating part was that he would talk about going long and in the next sentence he would make an argument for the shorts. I kept in mind though that he doesn't claim to give advice about market entry and exit. At the same time, I think he does trade but doesn't mention every trade he makes. Here is why I think that. There were a few times when he took only one side and made his argument. It happened to be contrary to what I was trading at the moment. I was already in a trade and waiting for the market to move down and he was advocating up. I'm a new trader and thought that he would obviously know more than I so I hit the reverse button and traded his direction. Keep in mind I am just paper trading but I take it seriously because one day it will be real money. Anyway, the market started moving down and he didn't say anything about it until the next trend line and then he spoke about the next setup. After 5 hours or so he said that he was flat on the day. I think he said that he had expected things to go differently then they did. I ended up leaving at about 11:30.
So I will sum up with this. If nothing else, this is free education for me. I am learning about 2 legged pullbacks and head and shoulders, and things that I have only read about. It is very helpful to have someone that will actually put himself out there and explain what he's doing. So today didn't go well but I got a lot out of it and am looking forward to trying it again tomorrow. I just wanted to post about my experience. I know that many of you don't respect him but I say kudos to anyone who will put themselves out there and teach for very little in return. It is worthwhile to me. Not sure at this point if I will continue it. I'm more perturbed about the webinar software than anything else but hey, no big.
Peace.
/ 'I miss you as much as I love my solitude' type of thing /..I can only infer that people who pay for such service don't really want signals nor do they want to improve their trading - they just want the MYSTERY to be solved .. and the MYSTERY MAN knows that that's why the only way for him to survive is to STAY MYSTERIOUS...