Rundown on Al Brook's Trading Room

VEGASDESERT said:
Al is very big on technical analysis, price action whatever you want to call it..

He is very small on actual trading.
More...

He is smart enough to realize how risky it's to day trading his account like ETers here and the amount of taxes he has to pay if his trading is profitable. Meanwhile, he can easily and comfortably generates almost half million dollars annually or multi-million dollars over past decade through Brooks Price Action LLC that he owns from newbies or lazy traders.

Untitled.png
 
All this thread proves is that people are jealous of al brooks - because lets face it, he is the only educator most people talk about, they hold him and others to stupid ass standards, and they have no idea how to trade PA. They would rather find holes in what he says rather than take him at his word - as if they are sooooooooooooo profitable already themselves, which probably isnt the case.

Im in a FB group of people that "post their trades, and talk about why they went into a trade" etc etc, all they use is BPA. But then I come here and find a whole bunch of people who are supposedly "elite traders" complaining about the man

Just say you dont like/understand PA, dont slander someone because you are too burned psychologically - which is 98% of this forum.
 
Hey, I am not stalking AB. I had nothing bad to say, except my review of his trading room (not his course), of which as I have paid the price, is within my rights as a consumer. I do not care how much he makes and I resent that anyone who wants to learn more, is called a sucker by some jaded, sick mind here.
 
TimtheEnchanter said:
Hey, I am not stalking AB. I had nothing bad to say, except my review of his trading room (not his course), of which as I have paid the price, is within my rights as a consumer. I do not care how much he makes and I resent that anyone who wants to learn more, is called a sucker by some jaded, sick mind here.
More...

wasnt necessarily about you - just a general observation of the thread as a whole.
 
The purpose of a live trading room should be to add some meaningful real time commentary.

If the debriefing after market close is vastly different from the real time commentary it illustrates that the methodology possibly is flawed and inaccurate for live trading.
 
TimtheEnchanter said:
I have decided to quit the trading room. This is by no means a reflection on how I feel about Al's course or Price Action Trading in general.
Pros
  • The trading room is a good educational resource on how professional ES day traders think, act, or otherwise, observe the market.
  • The price is reasonable for $99/month
  • Al's perspective is a multidimensional view of weekly, monthly, and daily charts while trading 5-minute bar-chart for swing trades. In the room, he hardly ever takes a position home but he has separate accounts for overnight trading.
  • I have re-learned a great deal about technical concepts that I knew before but long forgotten.
Cons
  • Al does not give signals directly or indirectly. I found that a little off-putting. After the market is closed there is a question session and someone asked Al where he made his trades that day! The whole idea is to at least recoup the price of the trading room, by some setups, which Al gives but sometimes he himself does not take.
  • After the session, he repeats the day from bar to bar (about 70 bars in a day session). That is boring and I never listen to it.
  • I realized that price action trading cannot and will not predict anything anymore than flipping a coin toss would. Countless times Al says; "after this triangle setup, the market can either break up, or down, or keep trading sideways in a tight trading range. Then occasionally he would say; the chance of a break to the upside is 40-percent while the downside is also 40-percent.
Overall it is a good value if that is what you are looking for, but it is not for me. I will save some time and money. I will keep learning Al's style of chart-reading but I will use some simple indicators such as MACD and RSI.
More...
Hello TimtheEnchanter,

It is perfectly ok to be in a room and the teacher does not actually trade during the day. What you are seeking is knowledge and experience. You are seeking awareness and trying to determine if this style of trading fits how you want to trade everyday.

Even if the teacher was to take a trade, it will not mean much to you besides that he took a trade. One trade is just one trade. Will you stick around to see the teacher take the next XXX to X,XXX trades to measure the expectancy of the sample size?

The whole "I need to see if this person makes money before I 100% invest my time and focus in what he teaches" is not always the ideal thing to do unless the teacher is selling that type of service. No where does Al say join my room to see me take trades all day. It's join my room so I can teach you in real time what I see on the chart and enhance your trading skill set.

And (t), you will soon have deep experience of chart reading at anytime of the day.
 
Last edited:
You must log in or register to reply here.
Back
Top