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priceactiontradingsystem.com

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  #1 (permalink)
 drw112 
Chicago IL
 
Experience: Beginner
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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.

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  #3 (permalink)
 MCRENT 
Ventura,CA USA
 
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I think it is worth every penny...Can make the cost of the ebook back the day after you buy it...Easy to read and hard to believe something so simple works so good.

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  #4 (permalink)
 drw112 
Chicago IL
 
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Thanks a lot for replying. I'm definitely thinking I should pick it up.

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  #5 (permalink)
 maxreturn 
Grand Rapids, Michigan, United States
 
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MCRENT View Post
I think it is worth every penny...Can make the cost of the ebook back the day after you buy it...Easy to read and hard to believe something so simple works so good.

MCRENT, thanks for the feedback. The website doesn't give a lot of detail about what's included in the book. Can you provide a little more detail? Thanks

Best Regards
Chuck

 
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  #6 (permalink)
 drw112 
Chicago IL
 
Experience: Beginner
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Posts: 117 since Feb 2012
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maxreturn View Post
MCRENT, thanks for the feedback. The website doesn't give a lot of detail about what's included in the book. Can you provide a little more detail? Thanks

Best Regards
Chuck

I actually haven't found anything else online about it (besides the youtube videos). It would be really nice if we could get some feedback from MCRENT.

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  #7 (permalink)
 MCRENT 
Ventura,CA USA
 
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Not much info about whats in the system.. Like I said in the 1st reply.. Its a pretty simple system.. only 1 Moving average and tendlines.. just like the videos you been watching... Its only a 100 bucks... There is enough info in there that you can IF you read the whole ebook to make your 100 bucks back the next day or at least before your credit car bill comes if you study and follow the rules.. The guy is only charging 100 bucks for something others charge many times more and offers you a money back if not making money.. You can tell by the videos he is just a good ole boy and not a snake oil salesman IMHO...I think it was worth the 100 dollars and thats all I can say.. Just like any system.. do you homework before trading live money. If you dont like my response email the guy.. I have sent a couple emails and get a reply the next morning both times...

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  #8 (permalink)
 drw112 
Chicago IL
 
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MCRENT View Post
Not much info about whats in the system.. Like I said in the 1st reply.. Its a pretty simple system.. only 1 Moving average and tendlines.. just like the videos you been watching... Its only a 100 bucks... There is enough info in there that you can IF you read the whole ebook to make your 100 bucks back the next day or at least before your credit car bill comes if you study and follow the rules.. The guy is only charging 100 bucks for something others charge many times more and offers you a money back if not making money.. You can tell by the videos he is just a good ole boy and not a snake oil salesman IMHO...I think it was worth the 100 dollars and thats all I can say.. Just like any system.. do you homework before trading live money. If you dont like my response email the guy.. I have sent a couple emails and get a reply the next morning both times...

I would say your description is pretty much spot on. Bought the book and read it, it's fairly short. His plan is fairly well laid out in the videos but the book isn't terrible for $100. As a visual learner I find the videos very helpful but if you need something spelled out for you the book explains the system in a much more concise way rather than trying to piece together a number of his videos.

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 maxreturn 
Grand Rapids, Michigan, United States
 
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drw112 View Post
I would say your description is pretty much spot on. Bought the book and read it, it's fairly short. His plan is fairly well laid out in the videos but the book isn't terrible for $100. As a visual learner I find the videos very helpful but if you need something spelled out for you the book explains the system in a much more concise way rather than trying to piece together a number of his videos.

Hello drw. What I would like to know is how specific the book is in terms of setups? How many are they and are they well defined and effective?

Best Regards
Chuck

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  #10 (permalink)
 drw112 
Chicago IL
 
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maxreturn View Post
Hello drw. What I would like to know is how specific the book is in terms of setups? How many are they and are they well defined and effective?

Best Regards
Chuck

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.

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  #11 (permalink)
 acbrasil 
somewhere, brazil
 
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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
 
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Platform: Sierra Chart
Trading: Futures
 
Posts: 117 since Feb 2012
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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
 
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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.

 
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 evanbro 
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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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 MCRENT 
Ventura,CA USA
 
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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...

 
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  #16 (permalink)
 Tuschi 
Bochum Germany
 
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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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 gocanon 
San Jose + CA/USA
 
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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.

 
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  #18 (permalink)
 Nicolas11 
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This other thread may be of interest to you, since it covers the same vendor :


Nicolas

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 Big Mike 
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