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priceactiontradingsystem.com

  #11 (permalink)
 acbrasil 
somewhere, brazil
 
Experience: Intermediate
Platform: metatrader
Trading: forex
Posts: 60 since Jul 2011
Thanks Given: 0
Thanks Received: 23


drw112 View Post
The book mainly covers what he calls second entries in a 2-legged pullback (I believe this is similar to Brook's H1/H2 and L1/L2 setups but I'm still reading that book), trading channels, really stresses never count-trend trading, traps (people who fell for a breakout of a double top only to have it go 1/2 ticks higher and fail back into the double top range causing a cascade of buys or sells), identifying trends and ranges. A lot of what is covered is basic trading rules, don't move stops, use the correct size and profit targets. He also employs a scalp and run strategy.

Overall, I'd say it's decent if you are relatively new to price action and/or trading. If you've already read and mastered Al Brooks you probably won't get too much more from it except maybe a different perspective and order management.

Personally I plan on reading this another time or two and continuing with the archive of videos. I think this will give me a pretty good base to continue with Brooks.

drw, how did the course work out for you after all of these months? I watched a couple of the guy's videos and I knew he wasn't blowing hot air in the videos (in the course, I don't know, but I don't think so). I'm asking because our brains tend to have a difficulty when things don't work out 100% of the time and like many people on here, change things... usually for the worse. Are you still trading?


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  #12 (permalink)
 drw112 
Chicago IL
 
Experience: Beginner
Platform: Sierra Chart
Trading: Futures
Posts: 117 since Feb 2012
Thanks Given: 22
Thanks Received: 120


acbrasil View Post
drw, how did the course work out for you after all of these months? I watched a couple of the guy's videos and I knew he wasn't blowing hot air in the videos (in the course, I don't know, but I don't think so). I'm asking because our brains tend to have a difficulty when things don't work out 100% of the time and like many people on here, change things... usually for the worse. Are you still trading?

I stopped actively trading futures a few months ago because of work, although, I'm thinking of getting back into it now. When I quit I was up but just couldn't put in the time. I still think it is a good "system" if you want to call it that.

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  #13 (permalink)
 acbrasil 
somewhere, brazil
 
Experience: Intermediate
Platform: metatrader
Trading: forex
Posts: 60 since Jul 2011
Thanks Given: 0
Thanks Received: 23


drw, it took me a while to get used to his terminology. Now I understand it, and it's really similar to what I've been doing all along. For the money (very cheap) and his regular videos you can't beat that. I've done around 7 price action courses out of curiosity. Yeah, there is a tremendous amount of overlap.

If futures are too much, you could test out some micros in a forex account. The concepts are all the same.

  #14 (permalink)
 evanbro 
Houston, TX/USA
 
Experience: Beginner
Platform: NinjaTrader
Broker: Mirus Futures (Previous), AMP (using their free data for the reviews)
Trading: ES
Posts: 230 since Oct 2012
Thanks Given: 174
Thanks Received: 883

I'm all for Mack and his price action trading. I've talked to other members on here and they all have very good things to say about Mack. I email him about once a week asking questions and he usually responds within a day answering my questions in detail. I have a trading journal on here you can take a look at. I'm still learning a ton and am still in sim but I really enjoy the way he teaches PAT.


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  #15 (permalink)
 MCRENT 
Ventura,CA USA
 
Experience: Beginner
Platform: Sierra
Trading: ES,YM
Posts: 5 since Aug 2010
Thanks Given: 27
Thanks Received: 6

Its well worth the hundred bucks IMHO.. Just the section on TRAPS will make your money back in a couple trades. No other snake oil salesman on the internet thtt I have found gives you as much useful info for a hundred dollar bill. plain and simple...

  #16 (permalink)
 
Tuschi's Avatar
 Tuschi 
Bochum Germany
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Ninjatrader Brokerage
Trading: ES, FDAX
Posts: 10 since Jan 2013
Thanks Given: 104
Thanks Received: 16

I am studying and applying his teachings.
This stuff works, I have read the manual (at least two times) and viewed a lot of his videos on youtube.
The 100$ package includes the excellent manual and a 9-page PDF about finding targets. Also included is another pdf that is 300 pages wich contains the daily trade setups from Dezember 2010 to August 2011.

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  #17 (permalink)
 gocanon 
San Jose + CA/USA
 
Experience: Intermediate
Platform: TradeStation
Trading: ES
Posts: 6 since Dec 2012
Thanks Given: 2
Thanks Received: 1


drw112 View Post
I've been watching the videos on youtube and was wondering if anybody has purchased the e-book. Is it worth it over the videos that are freely available or in addition to the Al Brooks books? It doesn't seem too expensive but I'd rather not spend the money if I don't need to.

Nothing more than what he talks about in his daily videos. Just a simple summary in 1 place. 99$. Yeah worth it.

  #18 (permalink)
 
Nicolas11's Avatar
 Nicolas11 
near Paris, France
 
Experience: Beginner
Platform: -
Trading: -
Posts: 1,071 since Aug 2011
Thanks Given: 2,232
Thanks Received: 1,769

This other thread may be of interest to you, since it covers the same vendor :


Nicolas

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  #19 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,397 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537

Use this thread:



Mike

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