Al Brooks Trading Price Action Reversals trad. Literature Penguin Edition Reader’s. When Yukiko Yamane Cover.PDF Reading Price Charts Bar by Bar Th. Trading price action reversals al brooks pdf Download trading price action reversals al brooks pdf. Price action.

Summary Al Brooks is a charlatan. No track record. Claims to be a “full-time professional day trader”, yet can provide absolutely zero proof. Trading books are highly subjective, unscientific mumbo jumbo with no backtesting of trading concepts. Live trading room is an exhibition of palm reading, fortune cookie wisdom, crystal ball divination, modernist voodoo, cult leader fanaticism, and Harry Potter magical thinking. A specialist of “double-speak”, where the left ear hears the trample of bulls, while the right ear simultaneously hears the mauling from bears.

A circle jerk, waste-of-time carnival attraction meant to sucker the newbie into believing that an actual wizard is behind the curtain. Cons: Highly subjective, mumbo-jumbo trading books and courses from a supposed trading guru.

No proof of trading success. No track record. No scientific evidence. Pure magical thinking. Trading room is a waste of time. Thanks for reading today’s review of Al Brooks Trading What is Al Brooks Trading?

Al Brooks is day trading educator. He currently maintains and promotes the following web properties: • (2009) which is an online trading forum where purchasers of trading products can ask questions and access a live day trading room priced at $99 per month. • (2012) which is a promotional store front that is selling a 36-hour video course for $249 Al Brooks also maintains various social media profiles: • • • • In addition, Al Brooks has also published four trading books: • • • • Al Brooks is also a frequent advertiser with the. Some readers might be offended or confused that I am using the word ‘advertiser’, instead of the word ‘speaker’ at Online Traders Expo. The truth is that Online Traders Expo is a quarterly seminar circuit that specializes in promoting and selling trading products. Anyone can be an “expert speaker” at Online Traders Expo, you just need to spend several thousands of dollars for the privilege.

There is no vetting of trading educators or the products being sold. Al Brooks also receives a tremendous amount of press from Futures Magazine.

In fact, he where he provides a post-market summary of the daily price action. Al Brooks Trading Performance Al Brooks has no published track record. Although, there are many references in his books and promotional materials, as being a “full-time professional day trader” there is simply no evidence whatsoever. Al Brooks states repeatedly that he is a full-time professional day trader. But can provide nothing to the audience that establishes a baseline reference to measure his trading performance.

What exactly is a “full-time professional day trader?” In my opinion, it would be someone that is earning a full-time income at trading. But with Al Brooks, there is absolutely zero reference material that describes what this actually means. It is simply a statement that he makes and then he hopes that you stop asking tough questions. During the month September 2016 as well as October 2016, TradingSchools.Org used various alias’s and attended 8 of the live trading sessions being offered by BrooksPriceAction.com. Not once did we witness a live trade. Furthermore, we never witnessed a live or a simulated trading DOM on display inside of the live day trading room. All that is offered are verbal suggestions, pretzel logic, and ambiguous side-speak.

Attempting to verify performance. TradingSchools.Org, using various alias’s, made multiple attempts during live trading sessions, after live trading sessions, and through email in an attempt build a track record of Al Brooks trading results. Unfortunately, this is not possible.

Al Brooks refused, at all levels to disclose whether he was trading, or had ever taken any live trades. Finally, in one last desperate attempt, TradingSchools.Org reached out to Al Brooks directly and notified him that a review was pending. We asked for some sort of performance summary.

His response was that by disclosing his individual trading performance, that he would be committing a criminal act or would be in violation of securities laws. Is showing a record of trades a criminal act? TradingSchools.Org, in the past two years, has written extensively about trading educators. Not once have we ever witnessed a trading educator getting into trouble for being honest with consumers. In fact, we have been closely involved in both the criminal and civil prosecution of over a dozen fraudulently promoted trading educators and trading systems. In speaking with CFTC and SEC investigators directly, they simply laugh whenever they hear this well-worn piece of urban fiction. There is nothing illegal with showing a trading record.

However, it is fraudulent to show a trading record that has been falsified for marketing purposes. Perhaps this is the reason why Al Brooks does not publish a trading record?

Of course, trading educators like Al Brooks will attempt to obfuscate and confuse this point. They will say things like, “I talked to an attorney and they said it’s against the law”. This is pure nonsense. Securities regulators love disclosure.

The more the better. Perhaps Al Brooks should contact. Kevin has been selling trading system since before Jesus walked the earth, and has never had a problem with a securities regulator. Anyone that tells you that they cannot show you a track record of trading performance “because it’s illegal” is trying to fit you with a custom butt plug, while telling you that it is a lolly pop.

Huge red flag (or butt plug). Does a lack of a track record automatically disqualify? Does Al Brooks lack of a track record mean that he is a scam artist?

Or a con man? In my opinion, it does not. It just means that he probably isn’t a very good trader, and doesn’t want anyone to know about it. The massive amount of promotions, videos, books, seminars and courses simply paint a picture of what Al Brooks truly ishe is a just another trading promoter.

A retired eye doctor that couldn’t make it as a retail trader and decided to sell some stuff to supplement his income. Al keeps his promotional efforts clean and tidy. He doesn’t produce a track record or make wild claims of success because he knows that it will get him into real trouble. His ‘game’ is to leverage social media, various media channels, books, etc that create the impression that he is some sort of “trading wizard”. But the reality is he is just an average guy out selling the dream to the unwashed masses.

Al Brooks is certainly not going to qualify as one of TradingSchools worst educators. Not even close.

The real problem with Al Brooks Trading educators all seem to occupy a particular niche. Some educators claim that magical order flow indicators can divine the future, others claim that rocket science mathematics infused into a moving average will surely bring big trading profits, others claim that 700-year-old Japanese stick characters portend the future. With Al Brooks, his niche is “Reading Price Action”. What exactly does that mean? Quite simply, from Al Brooks perspective, he claims that he can look at just about any 5-minute bar, and from these tiny bits of information, he can consistently predict the future. What does an Al Brooks prediction look like? Well, lets start with the trading room, and what we heard “Indecision bars, indecision bars, with a possible micro bubble climax definitely looking to buy support.

But sellers may overwhelm swing, so looking to sell at resistence trigger” “Double bottom probably buyers on doji candle looking for long entry and short entry on resistence failure short entry for quick profit, be aggressive and careful with either position” “Final flag, final flag, definitely final flag probably entering trading range with close support at possible entry point for aggresive buyers and definite exit point on multi-point sell position” “Failure reversal bull flag with sellers climax possible sell, but looking to buy on minor pullback of micro bubble. Indecision bars signalling continuation of reversal points.” On and on, throughout the trading day, Al Brooks talks his way through the trading session. Making these weird, highly indigestible, utterly confusing references to things that apparently only he can see. Not once does he ever say, “I am going long at price X, stop at price Y, target at Z.” Nothing he say’s is ever direct, concise, or definable. The entire trading room is meant to be a lesson in confusing terminology, innuendo, and twisted statements. Everything is meant to lead the consumer back to the reference material, in other words, if you buy the book specifically on Trends, then you will understand what I am saying. And after you buy the book on Reversals, then you understand this.

And after buy the book on Ranges, then you can understand the ranges terminology. And if the books are not enough, then you need to purchase the 36-hour course that ties it all together.

And you need to keep paying $99 per month and watch the live trading room, and eventually it will sink in. On and on it goes, until finally the disgruntled and dismayed start writing to TradingSchools.Org and complaining and are pissed off about wasting time and money. No scientific evidence Thankfully, multiple readers sent me copies of Al Brooks trading books.

Although the books are stuffed full of perfect chart examples, there is absolutely no backtested evidence that any of his chart patterns are valid. Everything he writes is subjective and pure opinion. Today’s modern trading platforms make it simple to backtest ideas, and specific set-ups, but Al Brooks does none of this. We are supposed to “see the patterns” and “feel the patterns”. And if we follow Al Brooks long enough, we also will begin to “see and feel these patterns”.

But you have to keep paying, and buying and watching in and endless loop of hope. Adobe Indesign Cs6 Portable Adobe Kostenlos Herunterladen Scrap. The problem with Al Brooks always circles back to square one. Does this guy even trade? Does he even have a trading account?

Has he ever had any success whatsoever? All he has to do is release information on his own personal trading performance, and this would be the final verdict. But Al Brooks will not do this.

Nobody is allowed to peak behind the curtain of the Wizard of Oz for a reason. My own opinion On a typical trading day, Al Brooks will make an average of about 25 trading suggestions. They are suggestions, and nothing more. There are no exact entry points, or stops, or profit targets. Everything is left to the imagination of the viewer.

And the imagination of the viewer is where the con is played out. Al Brooks is a palm reader. With his nerdy demeanor, he holds your palm and starts pointing to lines that supposedly tell the future. He suggests that a straight line here, with a squiggly line over here, and a strange line there means that something amazing could happen to you at any moment. Never does he take out his own palm and tell you what is happening with him, its always about playing into the imagination of his audience. He is an eye doctor, and he can see things really well, and his daughter is going to an Ivy League college which means that he is successful and can afford such a thing. And that since Futures Magazine publishes his articles that they have witnessed his grandeur and endorse his predictive abilities.

And since he is a “speaker” at Traders Expo, that he is authentic, and the multiples of books and video courses are yet more proof of his amazing abilities. But the sad and simple truth is that Al Brooks has no trading record. He is just a simple little man projecting something that he is not. He is not a successful trader. Just another vendor, selling the dream.

Of course, I would love to be wrong. And it would be so incredibly easy to prove me wrong, by releasing a performance record, but Al Brooks knows that he can never do this. Thanks for reading. Sorry for yet another negative review. There are plenty of Al Brooks fans out there, and they are going to be pissed off that I am calling him a charlatan.

But it’s just how I see it. Don’t forget to leave a comment below.

Obviously you did not do your research. Brooks clearly states he DOES NOT CALL LIVE TRADES in his room.

It is purely a discussion of his work applied to a live chart. His written work, while difficult to read, is like no other available, pure price action trading with it’s beginnings in Edwards and Magee. And it is very clear that you did not read one page of his work, if you can even possibly read with that moronic hat you wear, my opionion. I have a whole Meetup group of traders many of whom now trade full time that Read more ». “This review is really a shame, because in 10 years of hunting Brooks is the one and only real deal” The real deal that can show no proof what so ever he can trade profitable. Man you have a low bar to declare someone the Real Deal. Maybe that meetup group of Brook’s traders can show Emmett proof of how they are successfully scalping ES as Al Brooks teaches.

Of course no other shill has ever been able to do it, but I am sure you will be the first to show proof of Al Brooks Profitability. Now is the Read more ».

Brooks is listed on Linkedin as President of Brooks Price Action, LLC from 1987-present, which is interesting because brookspriceaction.com’s webmaster says he is not associated with Al but has contracted with him indefinitely to perform webinars, perhaps this flim-flam by his webmaster is a tactic to help Al avoid legal liability for his sham? If he has been trading under an LLC this should be registered and verifiable along with public disclosure of the estimated net worth of the LLC. Can anyone get the details on Brookspriceaction LLC / Al Brooks LLCs? Can’t wait for the Online Scamming Academy review. I paid $300 for a fake 3 days training that was nothing but a salespitch on steroid.

To my total amazement a bunch inexperienced suckers signed up for at least their cheapest training which was $14K or so in Canada. Those where the types of folks that would run through 5 different pharmacies to find the cheapest toothpaste. They got hypnotized pretty good 😉 The dude we got from the US (this was in Vancouver Canada) did a cool presentation. However, the red flags were so obvious for me from the get Read more ».

Amazingly these scam vendors know all about these marketing strategies. Either go for the clueless newbs with a lot of cash who’ve never traded with a $10k GTR type schitck, or “volume” it out for hundreds of newbs like WT and Simpler Options/John Carter, and bs for 1.5 hours every morning in a shamshow trading room. One of these cons should be daring like Emmett and do a “how to set up a retail trading education sham site”. Alex Sobiel/Zielaff inadvertendly showed his scammy “web design school” plans to charge newbs once he got them cluelessly into his kool-aid, Read more ». Hello, I just read this review and I am appalled by it. Before I go further, I just want to be clear that I am not affiliated with Al brooks or any organization.

I really don’t care about Al Brooks or anyone. I just felt very compelled that I have to write this so that many aspiring traders get to hear my experience about Brooks. I followed Brook’s work (the 4 books), spent 4 years trading part-time before quitting my day job. I slowly moved from a losing trader to break-even trader covering commissions and then become consistently profitable.

I Read more ». I agree with you, 30 to 35 trades a day for retail trader is hard even when you are scalping. Whether he trades or not or he is a sore loser or he is a charlatan, I cared only about what worked for me and how I could become better all the time. I was in my own shell. The skills I acquired over the years came with a lot of sweat, blood and tears and especially family sacrifices.

I didn’t get to this point without trying other methods, systems and vendors around. Thinking back, I guess it is more Read more ».

“If you are not convinced this guy is genuine, just review one of his end of day bar by bar price action commentaries in his forum, particularly on a Trading Range day. It is amazing how much he can read and predict price much like a market whisperer.” We are all gazillionaire hindsight traders. He makes none of that definitive analysis until the action has long since happened.

Explaining the chart after the event means diddly-squat. A real whisperer would be doing it real time, not at the end of the day, after it has all unfolded. I checked out the webinar and see that Al dodged the questions put to him by Big Mike. He rambled on about this and that but never answered the questions. Very slippery guy.

Mike believes that you don’t need to be a successful trader to be a good teacher, ok fine. But he is missing the point and so is everyone else over there.

Putting those questions to him wasn’t as much about his P&L as it was a question of his personal integrity and honesty. Is he lying about his trading performance in order to sell more of his Read more ».

I have come to realize Big Mike is the biggest con artist of them all. No wonder his site is out of Panama and he had to flee to Ecuador.

If he stayed he would probably be sued to death. His latest banning of IzhakHaim showed his true colors. This is what IzhakHaim wrote: “Does not look like anything will change re Brook’s credential and vetting presenters here. (Wonder, does a presenter pay for the exposure in anyway? Or just use the site to gain new subscribers to his site?

Or both?)” And for daring to ask for there to Read more ». FIO is a “safe space”. No one should ever have to feel uncomfortable about anything, including facing up to lies they may have told the community. It was also this way with the sham journal rockstars like MFBreakout, VanceVirgil, etc.

People who questioned them were shut down by Mike. I’m still trying to figure out how asking a question about a vendors credibility is “polluting the community” yet running a sham journal with phony never-lose trades every day is not polluting it. Apparently making grandiose performance claims and then refusing to answer questions about said claims is not pollution either. ” I just don’t get it at all.” Actually, it looks to like you get it completely.

That site is so bad with the shills and the mindless Kool-Aide drinkers it puts the Jones cult to shame. The shills are so over the top, I swear you cannot even make this stuff up. Here are the exact words from the post of one of the worst shill over there that defends BM. “But by our presence here, our faith is placed in @Big Mike. “ Faith in Big Mike! Is that poster suffering from low IQ or what??

Truly Unbelievable! The electric Kool-Aid acid test. Speaking of eliminate the competition (tip, Poison laced Flavor-Aid also kills people who follow in herds, both found in Jonestown) “Steve, My name is Emmett Moore with Trading Schools.Online Trading Academy is the best place to get a professional trading education.

As our educational partner, Online Trading Academy will provide professional education to traders who want to succeed in any market, and any asset class.Independent traders needed training to be successful in their investments, and soon a teaching model was born.With 34 centres across the globe and growing, Online Trading Academy is the world’s most Read more ». Lewis, based on your past ridiculous comment, I quickly looked at this.

First as I have repeatedly stated you should trust no one in this industry, which inclused Emmett or even me. 90% of the people that post are vendors or have their own agenda and that number goes to 99% at BMT.

Looking at your comments, what I thought was odd, is this is not a cashe of online trading academy, but a chase of “mjv60nm.effers.com”, which is some binary trading site. And when I tried to bring up the actual site, it does not even come up. So Read more ».

Rob.B, I don’t know, maybe he has done just as you suggest, clearing the road for himself. As you say in your Youtube video, Emmett will “Stay Schemin” I think. Now my point was about cultists and Kool-Aid accusations.

For those younger ones, listen to 900 people die in the real Jonestown and maybe understand that messing about with monsters and giving them power is a bad idea. Younger Americans especially, please be very sure you can bet your life on who Emmett Moore is (he has many plans within plans if he malignant personality – I understand Read more ». I can’t open the 2nd link so I can’t comment but I can’t find Emmett’s name mentioned in the 3rd link. You wrote “Is Emmett covering his tracks reviewing such an apparently large school so late? Clearly OTA are concerning and oddly enough considering their apparent size, Emmett has avoided them so far for a reason.” Is your logic that Emmett is guilty because he hasn’t reviewed this organization yet? If that’s your logic then it’s a wacky world you live in. And as an aside; what’s up with your American fetish?

Lucas, Do you do any due diligence before you post. As I already showed the words you posted was not what Emmett said. Once again from the site I showed and Stray Dog showed Emmett said: “Steve, My name is Emmett Moore with TradingSchools.Org and I am writing a review of Online Trading Academy. Thus far, the program they are offering looks suspicious. Can you reach out to me for an interview?” That cached site you showed wording was just so odd to me that I wasted more time looking into it. Why would Emmett write, “As our educational partner, Read more ».

Lucas, Do you do any due diligence before you post. As I already showed the words you posted was not what Emmett said.

Once again from the site I showed and Stray Dog showed Emmett said: “Steve, My name is Emmett Moore with TradingSchools.Org and I am writing a review of Online Trading Academy. Thus far, the program they are offering looks suspicious.

Can you reach out to me for an interview?” That cached site you showed wording was just so odd to me that I wasted more time looking into it. Why would Emmett write, “As our educational partner, Read more ». Rob.B It is very like that however the chances of that sentence merge being purely random? I do not think so. I saw all this before I posted (yes I do some due diligence) and that it is also in several other Google caches, some dynamic content system I think. OTA are based in California, Emmett lives in California, there may be something in that.

He had not reviewed “The Day Trading Academy” either, though Marcello Arambile (sp?) the owner roundly mocked him about the non-review in comments on here TS. Look for Marcello. There is a story behind that Read more ». “I will add do you believe all the TR Emmett has reviewed actually tried to show him proof of their claims and he just refused to look at them and posted negative review.” Lucas must also believe that if Emmett refused to look at their proof of profitable trading and wrote a negative review anyway that all of these vendors that have been reviewed have been incapable of finding some way to show that proof on another forum? After reading his latest post I think that Lucas must also believe that if person A, lets call him Al Brooks, has Read more ».

Ok, I figure it’s time for me to get some of those thumbs down, but here goes: 1. If you think you can learn to trade in 6 easy lessons, you’re fooling yourself; 2.

If you think someone is going to give you a free pass, no work required, for only a small sum each month, you’re fooling yourself; 3. If you come to this site, and listen to Emmett, Rob B and Stray Dog insist that any TR or trading “guru” give you written brokerage statements as proof of their “live”, “actual” trading acumen; If you think none of Read more ».

Biggest danger of Brooks is how he embellishes risk management/commissions from his style of trading and offers little personal details about his own trading when he’s not boasting vaguely about it to make a sale. If Brooks trades 3 ES contracts with a 5 point stop he is risking $750 per trade.

He could blow a large retail acccount in a week day trading like this, yet I’ve read on his blog he says he never has blown an account. It’s close to a mathematical impossibility that he could never blow an account if he has been an active day Read more ».

A detailed guide to profiting from trend reversals using thetechnical analysis of price action The key to being a successful trader is finding a system thatworks and sticking with it. Author Al Brooks has done just that. Bysimplifying his trading system and trading only 5-minute pricecharts he's found a way to capture profits regardless of marketdirection or economic climate.

His first book, Reading PriceCharts Bar by Bar, offered an informative examination of hissystem, but it didn't allow him to get into the real nuts and boltsof the approach. Now, with this new series of books, Brooks takesyou step by step through the entire process. By breaking down his trading system into its simplest pieces:institutional piggybacking or trend trading, trading ranges, andtransitions or reversals (the focus of this book), thisthree book series offers access to Brooks' successful methodology.Trading Price Action Reversals reveals the various types ofreversals found in today's markets and then takes the time todiscuss the specific characteristics of these reversals, so thatyou can use them in your everyday trading endeavors. While priceaction analysis works on all time frames, there are differenttechniques that you can use in trading intraday, daily, weekly andmonthly charts. This, among many other issues, is also addressedthroughout these pages. * Offers insights on how to handle volatility and sharpreversals * Covers the concept of using options when trading certaincharts * Examines how to deal with the emotions that come along withtrading * Other books in the series include Trading Price ActionTrends and Trading Price Action Trading Ranges If you're looking to make the most of your time in today'smarkets the trading insights found in Trading Price ActionReversals will help you achieve this goal. AL BROOKS is a technical analysis contributor for Futures magazine and an independent day trader.

His approach to reading price charts was devel-oped over two decades in which he changed careers from ophthalmology to trading. Brooks graduated from The University of Chicago Pritzker School of Medicine in 1978 and received a BS in mathematics with honors from Trinity College in 1974. His website, brookspriceaction.com, outlines his trading approach and views as well as hosts a subscription-based daily trading chat room in which Brooks talks with other traders about the market.