Al Brooks - Trading Course [54 Videos (wmv)]
- Name Product: Al Brooks - Trading Course
- COST: $44.99
- Author: Al Brooks
- Size: 5.3 GB
- Website: http://www.amazon.com/Al-Brooks/e/B001JSEI4Q
Introduction
The course has 2,436 slides and is almost 27 hours long. My goal was to give readers an understanding of how to trade using price action, and I think that this format is a great way to do it.
Why Have a Course
As I wrote my books on trading, I was concerned that I was limited in the number of charts that I could use compared to the amount of information that I wanted to provide. I had to put lots of information on each chart with a lengthy explanation below, which was difficult for readers. With a Windows Media Audio/Video file of a PowerPoint presentation, I can illustrate just one or two points on each slide and spend time talking about what is going on, and I believe it will be much easier for someone trying to understand what I am attempting to communicate. The video file format allows viewers to pause and quickly scroll forward and back whenever they want.
If the Course is so good, why is it only $249?
I know that there are lots of other courses out there for between $500 and $1,000, and I doubt that any is almost 27 hours long. So, if I am charging so much less for so much more, is my course lower quality and worth much less? Not at all. In fact, I believe that it is probably the best information available on price action trading. As trite as it sounds, I really do want to help as many people as I can, and the best way to do that is to keep the price within reach of most traders. It’s as simple as that. Besides, I do not know that it would be more profitable to charge more.
Many of you know me and you know how hard I work to help other traders. This is just another manifestation of that same outlook. I really do want to help.
Does Price Action work on daily charts and all markets?
Many traders cannot watch the market all day long and trade using 60 minute or daily charts. Although most of the examples in the course involve 5 minute charts, there are many that use daily, weekly, and monthly charts as well. For example, look at Module 43, which I have posted below in its entirety for free. There is a detailed example of a price action trade in the weekly Forex market.
Price action traders believe that markets are fractal. This means that bigger patterns are composed of a collection of smaller patterns, and no matter how tiny a chart you examine, you will still see the same patterns that you see on monthly charts. If you look a chart that did not have the price axis on the right and the time axis below, you would not be able to tell if it was a 5 minute, 60 minute, daily, weekly, or monthly chart, or a chart made of 1,000 ticks or 50,000 shares. Why is that? Because charts simply represent human behavior, which is genetically based, and a higher time frame chart is just a bigger collection of behavior.
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