PAT vs Al Brooks - futures io
futures io futures trading



PAT vs Al Brooks


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one Giamsterdam with 11 posts (22 thanks)
    2. looks_two bobwest with 4 posts (26 thanks)
    3. looks_3 ClearLog with 4 posts (12 thanks)
    4. looks_4 GruttePier with 3 posts (17 thanks)
      Best Posters
    1. looks_one Pa Dax with 7.7 thanks per post
    2. looks_two bobwest with 6.5 thanks per post
    3. looks_3 GruttePier with 5.7 thanks per post
    4. looks_4 Giamsterdam with 2 thanks per post
    1. trending_up 28,520 views
    2. thumb_up 176 thanks given
    3. group 33 followers
    1. forum 47 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

PAT vs Al Brooks

(login for full post details)
  #1 (permalink)
Amsterdam
 
Experience: Beginner
Platform: Sierra Charts
Broker: AMP
Trading: FGBL, FESX
 
Giamsterdam's Avatar
 
Posts: 82 since Jan 2018
Thanks: 121 given, 83 received

Hi Guys!

I'm interested in doing a Price Action course and I see the main two names mentioned are Mack ( Learn How To Day Trade Using Pure Price Action - Price Action Trading) or Al Brooks (https://brookstradingcourse.com/). Which one is better in your opinion and why??

Cheers,

Giacomo

Started this thread Reply With Quote
The following 2 users say Thank You to Giamsterdam for this post:

Can you help answer these questions
from other members on futures io?
ZigZag with Depth and Backstep
EasyLanguage Programming
Automatic pattern research with NT
Elite Algorithmic NinjaTrader Trading
Indicators for pair trading MES and M2K
Platforms and Indicators
What blockvolume is visible? - order processing
NinjaTrader
Neurological explanations for trading Success
Psychology and Money Management
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Battlestations: Show us your trading desks!
124 thanks
Big Mike in Ecuador
45 thanks
Want your NinjaTrader indicator created, free?
30 thanks
Selling Options on Futures?
21 thanks
Saturday Morning Market Replay!
20 thanks
 
(login for full post details)
  #3 (permalink)
Athens Greece
 
Experience: Beginner
Platform: Sierra Charts
Broker: Transact Futures / Interactive Brokers
Trading: YM
 
ClearLog's Avatar
 
Posts: 29 since Jul 2016
Thanks: 62 given, 26 received



Giamsterdam4x View Post
Hi Guys!

I'm interested in doing a Price Action course and I see the main two names mentioned are Mack ( Learn How To Day Trade Using Pure Price Action - Price Action Trading) or Al Brooks (https://brookstradingcourse.com/). Which one is better in your opinion and why??

Cheers,

Giacomo

Brooks.
Price action training..More analysis...More expensive but again very cheap compared to other educators that sell expensive courses with 1/4 of the info you learn with brooks...it covers in depth...many hours of edu videos....analysis each day of ES

Pats.
Price action training...Not in depth... 100 pages or so manual ...teaches a specific scalping strategy with small targets and scaling out...no videos included...but on youtube analysis of each day on ES playing his strategy so you compare your own analysis with his..I have heard he was a student of Brooks.


I would go with Brooks because you get a better education on how markets work based on price action

What I describe above for both....is not an in depth opinion in your question but you get the idea

Sent using the futures.io mobile app

Reply With Quote
The following 7 users say Thank You to ClearLog for this post:
 
(login for full post details)
  #4 (permalink)
Amsterdam
 
Experience: Beginner
Platform: Sierra Charts
Broker: AMP
Trading: FGBL, FESX
 
Giamsterdam's Avatar
 
Posts: 82 since Jan 2018
Thanks: 121 given, 83 received


ClearLog View Post
Brooks.
Price action training..More analysis...More expensive but again very cheap compared to other educators that sell expensive courses with 1/4 of the info you learn with brooks...it covers in depth...many hours of edu videos....analysis each day of ES

Pats.
Price action training...Not in depth... 100 pages or so manual ...teaches a specific scalping strategy with small targets and scaling out...no videos included...but on youtube analysis of each day on ES playing his strategy so you compare your own analysis with his..I have heard he was a student of Brooks.


I would go with Brooks because you get a better education on how markets work based on price action

What I describe above for both....is not an in depth opinion in your question but you get the idea

Sent using the futures.io mobile app

Thank you! That's pretty much all I need. I already have a methodology and strategy, I am just interested in furthering my education and specifically market context and how markets work.

I was starting to doubt a bit because I do see more trading journals based on PAT

Started this thread Reply With Quote
 
(login for full post details)
  #5 (permalink)
London
 
Experience: None
Platform: .
Trading: .
 
Posts: 255 since Apr 2011
Thanks: 65 given, 180 received

There are many other names when it comes to price action/price behaviour personally I would suggest and look for Wyckoff as well, Richard D. Wyckoff.

There are threads and webinars about it here, articles on stockchart.com and videos on YouTube etc all free plus there are some books about his method as well.

Reply With Quote
The following 4 users say Thank You to mrphr for this post:
 
(login for full post details)
  #6 (permalink)
Athens Greece
 
Experience: Beginner
Platform: Sierra Charts
Broker: Transact Futures / Interactive Brokers
Trading: YM
 
ClearLog's Avatar
 
Posts: 29 since Jul 2016
Thanks: 62 given, 26 received


Giamsterdam4x View Post
Thank you! That's pretty much all I need. I already have a methodology and strategy, I am just interested in furthering my education and specifically market context and how markets work.

I was starting to doubt a bit because I do see more trading journals based on PAT

For Brooks method for example (not in every detail though) search fom @Pa Dax on the FGBL thread

Sent using the futures.io mobile app

Reply With Quote
The following 3 users say Thank You to ClearLog for this post:
 
(login for full post details)
  #7 (permalink)
Legendary Price Action Scientist
Netherlands
 
Experience: Advanced
Platform: NinjaTrader, IB TWS
Broker: InteractiveBrokers, CQG
Trading: ES
 
Pa Dax's Avatar
 
Posts: 1,072 since Oct 2017
Thanks: 1,585 given, 5,515 received


Giamsterdam4x View Post
Hi Guys!

I'm interested in doing a Price Action course and I see the main two names mentioned are Mack ( Learn How To Day Trade Using Pure Price Action - Price Action Trading) or Al Brooks (https://brookstradingcourse.com/). Which one is better in your opinion and why??

Cheers,

Giacomo

After 5 years of losing money, Al Brooks price action methodology has turned things around for me. That doesn't mean much though - I have the highest respect for any trader that is consistently making money based on whatever method.

Brooks is not easy - I spent easily more than a 1000 hours studying, validating, looking at charts and more to understand the how, the why and the when and I'm still learning. However, I'm making money now!

Visit my futures io Trade Journal Reply With Quote
The following 12 users say Thank You to Pa Dax for this post:
 
(login for full post details)
  #8 (permalink)
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,369 since Jan 2013
Thanks: 48,521 given, 21,333 received


Pa Dax View Post
Brooks is not easy

I pretty much agree with the views already expressed, and especially this one: "Brooks is not easy."

Just be ready for some very dense material, not always clearly explained the first time around. But at least the ideas will be repeated (and again, and again....)

I think it is worth the effort, however. In the end, it makes markets much more clear, in my experience.

I thought PATs is a somewhat trimmed-down version of Brooks. I would go with the original, just take it a step at a time. There is a lot of material there.

I hope this is useful to you. Good luck with it

Bob.

Visit my futures io Trade Journal Reply With Quote
The following 8 users say Thank You to bobwest for this post:
 
(login for full post details)
  #9 (permalink)
Amsterdam
 
Experience: Beginner
Platform: Sierra Charts
Broker: AMP
Trading: FGBL, FESX
 
Giamsterdam's Avatar
 
Posts: 82 since Jan 2018
Thanks: 121 given, 83 received

Thank you guys!

I am trying to read the books, but they are a tough pill to swallow I'm hoping with visuals things will fall into place easier.

Started this thread Reply With Quote
 
(login for full post details)
  #10 (permalink)
Amsterdam
 
Experience: Beginner
Platform: Sierra Charts
Broker: AMP
Trading: FGBL, FESX
 
Giamsterdam's Avatar
 
Posts: 82 since Jan 2018
Thanks: 121 given, 83 received



mrphr View Post
There are many other names when it comes to price action/price behaviour personally I would suggest and look for Wyckoff as well, Richard D. Wyckoff.

There are threads and webinars about it here, articles on stockchart.com and videos on YouTube etc all free plus there are some books about his method as well.

Ive read some things about Wyckoff and am there are a few very nice threads here on it. Would you know where to get an affordable course?

Started this thread Reply With Quote
 
(login for full post details)
  #11 (permalink)
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,369 since Jan 2013
Thanks: 48,521 given, 21,333 received


Giamsterdam4x View Post
Thank you guys!

I am trying to read the books, but they are a tough pill to swallow I'm hoping with visuals things will fall into place easier.

If you mean the Brooks books, they drove me out of my mind.

The course is less dense, although it does have that certain Brooks character .

It does require patience.

Bob.

Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to bobwest for this post:
 
(login for full post details)
  #12 (permalink)
London
 
Experience: None
Platform: .
Trading: .
 
Posts: 255 since Apr 2011
Thanks: 65 given, 180 received


Giamsterdam4x View Post
Ive read some things about Wyckoff and am there are a few very nice threads here on it. Would you know where to get an affordable course?

If you look close at it here and on the other resources that I mention, you will find some educators that teach his method and approach.

And if it affordable or not I honestly do not know because I have not done the courses myself, I only have and read some of his books and learned from here and from what is available for free over the net…

Reply With Quote
The following user says Thank You to mrphr for this post:
 
(login for full post details)
  #13 (permalink)
Webinar Host
Indianoplace, IN
 
Experience: Intermediate
Platform: SierraChart
Broker: CQG
Trading: All Micros, especially the ones that move
 
Rrrracer's Avatar
 
Posts: 2,385 since Feb 2017
Thanks: 16,439 given, 9,002 received


Giamsterdam4x View Post
Ive read some things about Wyckoff and am there are a few very nice threads here on it. Would you know where to get an affordable course?

The original Wyckoff texts are public domain and readily available online. Also, check out Davd Weis' book at Learn the Richard Wyckoff Method of Trading from David H. Weis

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 5 users say Thank You to Rrrracer for this post:
 
(login for full post details)
  #14 (permalink)
Houston Texas
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, YM, NQ, ES
 
dannyinhouston's Avatar
 
Posts: 312 since Mar 2016
Thanks: 281 given, 982 received


bobwest View Post
If you mean the Brooks books, they drove me out of my mind.

The course is less dense, although it does have that certain Brooks character .

It does require patience.

Bob.

Youíve watched his video here? It was great, taught me a lot.

Reply With Quote
The following 2 users say Thank You to dannyinhouston for this post:
 
(login for full post details)
  #15 (permalink)
Leeds UK
 
Experience: Intermediate
Platform: TradingView
Broker: LCG, Oanda
Trading: ES, 6E, Cable
 
Tymbeline's Avatar
 
Posts: 472 since Apr 2015
Thanks: 1,235 given, 646 received


Giamsterdam4x View Post
I was starting to doubt a bit because I do see more trading journals based on PAT


I think this is right, but probably partly attributable to the fact that some are older, and Brooks' video course is much more recent (and easier going) than his books which are "famously heavy going", whereas PATs more immediately approachable to a wider range of people.

Personally, I'd go with Brooks, though, and expect to have to work at it.

Reply With Quote
The following 3 users say Thank You to Tymbeline for this post:
 
(login for full post details)
  #16 (permalink)
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Whatever moves in my timezone
 
Posts: 1,883 since Sep 2009
Thanks: 3,347 given, 1,516 received

When I used to watch the daily PATS videos he never showed his actual trades - it was always hindsight drawings on a chart (no trade markers).

Mack seems very genuine (at least from just listening to him) and his daily videos are free. But to me it is a bit concerning he hardly ever shows live trades, not even consistent recordings.

Probably 2 years since I watched his videos daily.

Prediction is very difficult, especially about the future - Niels Bohr, Danish Physicist
Reply With Quote
The following 3 users say Thank You to steve2222 for this post:
 
(login for full post details)
  #17 (permalink)
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,369 since Jan 2013
Thanks: 48,521 given, 21,333 received


dannyinhouston View Post
Youíve watched his video here? It was great, taught me a lot.

Yes, I enjoy all of his videos, and have learned a lot from them.

I could say the same for his books, at least in terms of learning from them. But the books are notoriously difficult, even though they also are full of valuable information.

Bob.

Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to bobwest for this post:
 
(login for full post details)
  #18 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,351 since Aug 2009
Thanks: 9,576 given, 2,363 received


Giamsterdam4x View Post
Hi Guys!

I'm interested in doing a Price Action course and I see the main two names mentioned are Mack ( Learn How To Day Trade Using Pure Price Action - Price Action Trading) or Al Brooks (https://brookstradingcourse.com/). Which one is better in your opinion and why??

Cheers,

Giacomo

I don't think this is something anyone can answer for you.
Each of them have their strong points and weak points.

Also, who says you need to choose?
Why not take the parts that 'fit' you from each and from the many others that also 'fit' your style.
The best trader is made by trading the way that works for you.
Al, Mack, Peter Davies, Don Miller, John Grady, or any number of others.
I think each one should be studied to create a trading method that works for you.

Besides, what is best for me should not also be best for you.
I am unique and so are you. Develop a system that is you!

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
The following 9 users say Thank You to DavidHP for this post:
 
(login for full post details)
  #19 (permalink)
Amsterdam
 
Experience: Beginner
Platform: Sierra Charts
Broker: AMP
Trading: FGBL, FESX
 
Giamsterdam's Avatar
 
Posts: 82 since Jan 2018
Thanks: 121 given, 83 received


bobwest View Post
If you mean the Brooks books, they drove me out of my mind.

The course is less dense, although it does have that certain Brooks character .

It does require patience.

Bob.

I can imagine, I'm going through the course material right as we speak and we have hours and hours just about channels. This is going to test my concentration


mrphr View Post
If you look close at it here and on the other resources that I mention, you will find some educators that teach his method and approach.

And if it affordable or not I honestly do not know because I have not done the courses myself, I only have and read some of his books and learned from here and from what is available for free over the net…


Rrrracer View Post
The original Wyckoff texts are public domain and readily available online. Also, check out Davd Weis' book at Learn the Richard Wyckoff Method of Trading from David H. Weis

I used to watch the VSA videos on youtube but was getting irritated by the fact that its one big advertisement for the software. However the videos on here about the Wyckoff method are great and I think that volume in general is a great addition to any methodology. I'll continue to read about it and follow some of the threads (I especially like how @Feibel of th S&P Chronicles analyses his days) but I'm looking to more of a hands on approach in regards to learning.


DavidHP View Post
I don't think this is something anyone can answer for you.
Each of them have their strong points and weak points.

Also, who says you need to choose?
Why not take the parts that 'fit' you from each and from the many others that also 'fit' your style.
The best trader is made by trading the way that works for you.
Al, Mack, Peter Davies, Don Miller, John Grady, or any number of others.
I think each one should be studied to create a trading method that works for you.

Besides, what is best for me should not also be best for you.
I am unique and so are you. Develop a system that is you!

Yes I completely agree with this statement. I consider myself a Supply and Demand trader and am trying to further my knowledge and education, never stop learning. I think the error most people make is that want someone else to come with the perfect entry system which is just a small part of your success and then they forget to look at the whole picture.

Started this thread Reply With Quote
The following 4 users say Thank You to Giamsterdam for this post:
 
(login for full post details)
  #20 (permalink)
Amsterdam
 
Experience: Beginner
Platform: Sierra Charts
Broker: AMP
Trading: FGBL, FESX
 
Giamsterdam's Avatar
 
Posts: 82 since Jan 2018
Thanks: 121 given, 83 received

Thank you everybody! I wasn't expecting so many replies and genuine help, I've been hanging out on the wrong trading forums I guess, I'm almost getting emotional. Futures.io is beautiful. I've decided to go with the Brooks course and in a future after I am done with the 83 hours of video, from my rocking chair most probable I can read Mack's stuff.

Cheers,

Giacomo

Started this thread Reply With Quote
The following 8 users say Thank You to Giamsterdam for this post:
 
(login for full post details)
  #21 (permalink)
Athens Greece
 
Experience: Beginner
Platform: Sierra Charts
Broker: Transact Futures / Interactive Brokers
Trading: YM
 
ClearLog's Avatar
 
Posts: 29 since Jul 2016
Thanks: 62 given, 26 received


Giamsterdam4x View Post
I can imagine, I'm going through the course material right as we speak and we have hours and hours just about channels. This is going to test my concentration





I used to watch the VSA videos on youtube but was getting irritated by the fact that its one big advertisement .

Omg...I couldn't agree more

Sent using the futures.io mobile app

Reply With Quote
The following user says Thank You to ClearLog for this post:
 
(login for full post details)
  #22 (permalink)
Legendary Market Wizard
Amsterdam, The Netherlands
 
Experience: Intermediate
Platform: Ninjatrader 8
Broker: NinjaTrader Brokerage
Trading: CL, ES
 
GruttePier's Avatar
 
Posts: 1,755 since Dec 2013
Thanks: 4,458 given, 8,549 received

If you want to learn price action, my advice is to read the thread of Anekdoten from start to end. Itís very inspirational, fun to read and teaches you price action instead of specific candle patterns that donít work

Google on ďAHG - Profitable Strategy for Struggling TradersĒ.

Succes!


Sent from my iPhone using futures.io mobile app

Visit my futures io Trade Journal Reply With Quote
The following 9 users say Thank You to GruttePier for this post:
 
(login for full post details)
  #23 (permalink)
Webinar Host
Indianoplace, IN
 
Experience: Intermediate
Platform: SierraChart
Broker: CQG
Trading: All Micros, especially the ones that move
 
Rrrracer's Avatar
 
Posts: 2,385 since Feb 2017
Thanks: 16,439 given, 9,002 received


Giamsterdam4x View Post
I used to watch the VSA videos on youtube but was getting irritated by the fact that its one big advertisement for the software. However the videos on here about the Wyckoff method are great and I think that volume in general is a great addition to any methodology. I'll continue to read about it and follow some of the threads (I especially like how @Feibel of th S&P Chronicles analyses his days) but I'm looking to more of a hands on approach in regards to learning.

When Williams was alive and in charge, the material available was much more focused on the information with a casual mention of the software. I can't bring myself to watch the Gavin Holmes VSA videos, his presentation makes me cringe. Give me a big horse pill and a glass of straight shitty tequila instead.

By hands-on approach, do you mean working with someone? Gary Dayton, also a Wyckoff practitioner who studied under Weis, has a video on FIO here worth watching. Also, check out his website. https://tradingpsychologyedge.com/

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Rrrracer for this post:
 
(login for full post details)
  #24 (permalink)
Amsterdam
 
Experience: Beginner
Platform: Sierra Charts
Broker: AMP
Trading: FGBL, FESX
 
Giamsterdam's Avatar
 
Posts: 82 since Jan 2018
Thanks: 121 given, 83 received

Haha the first criticsm of Brooks. What didn't you like about Brooks? I'm not planning on using a single candlestick as a entry signal. I'm more interested in the market structure part..


GruttePier View Post
If you want to learn price action, my advice is to read the thread of Anekdoten from start to end. Itís very inspirational, fun to read and teaches you price action instead of specific candle patterns that donít work

Google on ďAHG - Profitable Strategy for Struggling TradersĒ.

Succes!


Sent from my iPhone using futures.io mobile app


Started this thread Reply With Quote
 
(login for full post details)
  #25 (permalink)
Lexington KY/USA
 
Experience: Beginner
Platform: SC,TastyWorks,ToS
Broker: TDA, OANDA,AMP/TT/SC
Trading: Looking for it/them
 
LDog's Avatar
 
Posts: 203 since Sep 2015
Thanks: 9,958 given, 325 received


GruttePier View Post
If you want to learn price action, my advice is to read the thread of Anekdoten from start to end. Itís very inspirational, fun to read and teaches you price action instead of specific candle patterns that donít work

Google on ďAHG - Profitable Strategy for Struggling TradersĒ.

Succes!

futures.io mobile app[/url]

I saw the AHG and thought this was a reference to Adam Grimes :-)

Reply With Quote
The following user says Thank You to LDog for this post:
 
(login for full post details)
  #26 (permalink)
Amsterdam
 
Experience: Beginner
Platform: Sierra Charts
Broker: AMP
Trading: FGBL, FESX
 
Giamsterdam's Avatar
 
Posts: 82 since Jan 2018
Thanks: 121 given, 83 received


Rrrracer View Post
When Williams was alive and in charge, the material available was much more focused on the information with a casual mention of the software. I can't bring myself to watch the videos, his presentation makes me cringe. Give me a big horse pill and a glass of straight shitty tequila instead.

By hands-on approach, do you mean working with someone? Gary Dayton, also a Wyckoff practitioner who studied under Weis, has a video on FIO here worth watching. Also, check out his website. https://tradingpsychologyedge.com/

Yeah, was nauseating.
I've checked the webinars with Gary Dayton, I liked them, very precise and informative. Ill check the site out.
I mean something more structured. I've read lot of books but for me to able to apply it to trading i need more structure, even though I always take away bits and pieces.

Started this thread Reply With Quote
 
(login for full post details)
  #27 (permalink)
Athens Greece
 
Experience: Beginner
Platform: Sierra Charts
Broker: Transact Futures / Interactive Brokers
Trading: YM
 
ClearLog's Avatar
 
Posts: 29 since Jul 2016
Thanks: 62 given, 26 received


Giamsterdam4x View Post
Haha the first criticsm of Brooks. What didn't you like about Brooks.

I don't think that Rrrracer was referring on Brooks when he made the comment on the candlestick patterns because neither Brooks is a fond of them....actually the opposite

Sent using the futures.io mobile app

Reply With Quote
The following user says Thank You to ClearLog for this post:
 
(login for full post details)
  #28 (permalink)
Amsterdam
 
Experience: Beginner
Platform: Sierra Charts
Broker: AMP
Trading: FGBL, FESX
 
Giamsterdam's Avatar
 
Posts: 82 since Jan 2018
Thanks: 121 given, 83 received


ClearLog View Post
I don't think that Rrrracer was referring on Brooks when he made the comment on the candlestick patterns because neither Brooks is a fond of them....actually the opposite

Sent using the futures.io mobile app

No No, Not Rrrracer but GruttePier.

Started this thread Reply With Quote
The following user says Thank You to Giamsterdam for this post:
 
(login for full post details)
  #29 (permalink)
Legendary Market Wizard
Amsterdam, The Netherlands
 
Experience: Intermediate
Platform: Ninjatrader 8
Broker: NinjaTrader Brokerage
Trading: CL, ES
 
GruttePier's Avatar
 
Posts: 1,755 since Dec 2013
Thanks: 4,458 given, 8,549 received


Giamsterdam4x View Post
No No, Not Rrrracer but GruttePier.



Iíve been trading some Brooks setups like the H1ís and H2ís for 5 months orso. It just doesnít work, unless you add descretionary to it. Once you do that, you donít need these setups anyone more. Thatís my experience with Brooks.

To learn price action, youíre way better off reading Anekís thread on ET. Best thread ever IMO.


Sent from my iPhone using futures.io mobile app

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to GruttePier for this post:
 
(login for full post details)
  #30 (permalink)
Legendary Price Action Scientist
Netherlands
 
Experience: Advanced
Platform: NinjaTrader, IB TWS
Broker: InteractiveBrokers, CQG
Trading: ES
 
Pa Dax's Avatar
 
Posts: 1,072 since Oct 2017
Thanks: 1,585 given, 5,515 received


GruttePier View Post
Iíve been trading some Brooks setups like the H1ís and H2ís for 5 months orso. It just doesnít work, unless you add descretionary to it. Once you do that, you donít need these setups anyone more. Thatís my experience with Brooks.

To learn price action, youíre way better off reading Anekís thread on ET. Best thread ever IMO.

You can imagine @GruttePier that I warmheartedly disagree to that as it does work for me and it's the only thing ever that has worked for me and I've tried a ton of things over time. However, it does prove an important point: what works for somebody, doesn't work for somebody else. Same case I'd say with Brooks Price Action, volume trading, tick analysis, mean reversal strategies and what have you.

That's true for all methods: where someone buys a future, someone sells that future. Presumably, both can make money doing so otherwise they would not be in the game much longer.

Visit my futures io Trade Journal Reply With Quote
The following 9 users say Thank You to Pa Dax for this post:
 
(login for full post details)
  #31 (permalink)
Legendary Market Wizard
Amsterdam, The Netherlands
 
Experience: Intermediate
Platform: Ninjatrader 8
Broker: NinjaTrader Brokerage
Trading: CL, ES
 
GruttePier's Avatar
 
Posts: 1,755 since Dec 2013
Thanks: 4,458 given, 8,549 received


Pa Dax View Post
You can imagine @GruttePier that I warmheartedly disagree to that as it does work for me and it's the only thing ever that has worked for me and I've tried a ton of things over time. However, it does prove an important point: what works for somebody, doesn't work for somebody else. Same case I'd say with Brooks Price Action, volume trading, tick analysis, mean reversal strategies and what have you.



That's true for all methods: where someone buys a future, someone sells that future. Presumably, both can make money doing so otherwise they would not be in the game much longer.

Right. If it works, stick to it


Sent from my iPhone using futures.io mobile app

Visit my futures io Trade Journal Reply With Quote
The following 5 users say Thank You to GruttePier for this post:
 
(login for full post details)
  #32 (permalink)
Webinar Host
Indianoplace, IN
 
Experience: Intermediate
Platform: SierraChart
Broker: CQG
Trading: All Micros, especially the ones that move
 
Rrrracer's Avatar
 
Posts: 2,385 since Feb 2017
Thanks: 16,439 given, 9,002 received

Great discussion. When I joined FIO (my first trading forum, luckily) I recall being blown away at the limitless approaches people were taking, each drummer to a different beat. Literally a million different ways to get there.

I also remember trying to copy a few systems verbatim. Didn't work What I do now is so far removed from what I started with.. an amalgamation of styles and methods that resonate with me, but distinctly my own. As it has to be, really.

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 8 users say Thank You to Rrrracer for this post:
 
(login for full post details)
  #33 (permalink)
Henderson
 
 
Posts: 6 since Feb 2017
Thanks: 6 given, 5 received

Iím joining this thread late but Iím currently reading both Mack and brooks. Brooks is a very in-depth and kind if boring read. It takes a lot to stay with it. You have to be focused and really want to learn his method. Mack On the other hand is much easier to read and simpler to grasp the concept. Itís a great overall understanding of price action and itís only 100 bucks. Iím new to all of this and have found it somewhat difficult and overwhelming to get even a basic understanding of the different types of trading styles and methods, let alone pick one that might suite me. I will say for me Mack has made understanding PA not so confusing. Itís a good starting point to understanding candle sticks without having to learn all the different indicators and how to use them. Iíve since gone on to looking at all the different indicators and how they work as well. Coming from a place of knowing nothing about this I will say at has been a daunting task. Iíve spent a year now just learning about the markets and indicators and the different types of trading and I still feel like Iíve barely scratched the surface. But Mack has been easy to grasp and has given me a starting point to begin trading with a smaller account and not having to have a complete grasp on all things trading.

Reply With Quote
The following 3 users say Thank You to daveddj9 for this post:
 
(login for full post details)
  #34 (permalink)
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,369 since Jan 2013
Thanks: 48,521 given, 21,333 received


daveddj9 View Post
Brooks is a very in-depth and kind if boring read. It takes a lot to stay with it. You have to be focused and really want to learn his method. Mack On the other hand is much easier to read and simpler to grasp the concept.

Pretty reasonable, in my view, on both counts: Brooks and Mack (PATs).

I do think a person will get more from Brooks, if they will just stay with it.

There is a world of stuff out there, and quite a lot of it is being used and is working for some traders, somewhere. Other traders will tell you that they only lost money with whatever the first guys use.... and both are telling you the truth.

The problem is always in putting something together, step by step, that you can get to work for yourself. No one's actual implementation of Brooks, or anything else, is likely to be the same as anyone else's, and that seems to apply to everything else. So you pick something that speaks to you and you work with it until you can either use it, or decide to move on....

Bob.

Visit my futures io Trade Journal Reply With Quote
The following 10 users say Thank You to bobwest for this post:
 
(login for full post details)
  #35 (permalink)
Amsterdam
 
Experience: Beginner
Platform: Sierra Charts
Broker: AMP
Trading: FGBL, FESX
 
Giamsterdam's Avatar
 
Posts: 82 since Jan 2018
Thanks: 121 given, 83 received


bobwest View Post
Pretty reasonable, in my view, on both counts: Brooks and Mack (PATs).



I do think a person will get more from Brooks, if they will just stay with it.



There is a world of stuff out there, and quite a lot of it is being used and is working for some traders, somewhere. Other traders will tell you that they only lost money with whatever the first guys use.... and both are telling you the truth.



The problem is always in putting something together, step by step, that you can get to work for yourself. No one's actual implementation of Brooks, or anything else, is likely to be the same as anyone else's, and that seems to apply to everything else. So you pick something that speaks to you and you work with it until you can either use it, or decide to move on....



Bob.



I agree. I think price action benefits every trader though no matter the methodology It builds a foundation and context, and from you there you can build your own system


Sent using the futures.io mobile app

Started this thread Reply With Quote
The following 4 users say Thank You to Giamsterdam for this post:
 
(login for full post details)
  #36 (permalink)
Amsterdam
 
Experience: Beginner
Platform: Sierra Charts
Broker: AMP
Trading: FGBL, FESX
 
Giamsterdam's Avatar
 
Posts: 82 since Jan 2018
Thanks: 121 given, 83 received

If I don't learn anything about price action from the course I will be an absolute master in patience which is always a good thing when it comes to trading


Sent using the futures.io mobile app

Started this thread Reply With Quote
The following 3 users say Thank You to Giamsterdam for this post:
 
(login for full post details)
  #37 (permalink)
hollywood
 
Experience: Intermediate
Platform: thinkorswim
Broker: TD
Trading: futures
 
lsubeano's Avatar
 
Posts: 213 since Jun 2010
Thanks: 65 given, 165 received


Giamsterdam4x View Post
Hi Guys!

I'm interested in doing a Price Action course and I see the main two names mentioned are Mack ( Learn How To Day Trade Using Pure Price Action - Price Action Trading) or Al Brooks (https://brookstradingcourse.com/). Which one is better in your opinion and why??

Cheers,

Giacomo

pats is very very simplistic and als is very very detailed

its all edwards and magee / richard schabacker based if you want to go back in time buts pats is 99.9% based on trendlines

Follow me on Twitter Reply With Quote
The following user says Thank You to lsubeano for this post:
 
(login for full post details)
  #38 (permalink)
Chicago Illinois USA
 
Experience: Advanced
Platform: Tradestation
Trading: ES
 
Posts: 32 since Dec 2017
Thanks: 173 given, 38 received

Mack very rarely does real-time analysis which I personally find bothersome. He has tons of videos on YouTube which primarily deal with after the fact. Al from what I hear doesn't really commit to any positions in his trading room, I have his books and course though and they are hyper-explicit and not lacking in insight which is far more than I can say for 99.99% of vendors. Mack has a few original ideas himself which again is more than I can say for most vendors but if you only choose one then go with Al in my opinion.

I think you would be best served just observing intraday market activity for a while ( A year at least, study the internals too ), learning advanced technical analysis ( Adam Grimes, Brett Steenbarger, Tom DeMark, Toby Crabel, Kirk Northington ) and rounding things out with volume profile. You can then create your own hybrid methodology which presumably you will trust far more than anybody else`s techniques. Hope this helps.

Btw, I actually have the old but sought after ( Still highly relevant and easier to understand vs other titles ) CBOT publication (PDF) on market profile if anybody is interested.

Reply With Quote
The following 4 users say Thank You to ss108 for this post:
 
(login for full post details)
  #39 (permalink)
Henderson
 
 
Posts: 6 since Feb 2017
Thanks: 6 given, 5 received


ss108 View Post
Mack very rarely does real-time analysis which I personally find bothersome. He has tons of videos on YouTube which primarily deal with after the fact. Al from what I hear doesn't really commit to any positions in his trading room, I have his books and course though and they are hyper-explicit and not lacking in insight which is far more than I can say for 99.99% of vendors. Mack has a few original ideas himself which again is more than I can say for most vendors but if you only choose one then go with Al in my opinion.



I think you would be best served just observing intraday market activity for a while ( A year at least, study the internals too ), learning advanced technical analysis ( Adam Grimes, Brett Steenbarger, Tom DeMark, Toby Crabel, Kirk Northington ) and rounding things out with volume profile. You can then create your own hybrid methodology which presumably you will trust far more than anybody else`s techniques. Hope this helps.



Btw, I actually have the old but sought after ( Still highly relevant and easier to understand vs other titles ) CBOT publication (PDF) on market profile if anybody is interested.



I would be interested in reading that.

Reply With Quote
 
(login for full post details)
  #40 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,351 since Aug 2009
Thanks: 9,576 given, 2,363 received


daveddj9 View Post
I would be interested in reading that.


I think this is the book.

CBOT Market Profile

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
The following 2 users say Thank You to DavidHP for this post:
 
(login for full post details)
  #41 (permalink)
Boston MA
 
Experience: Intermediate
Platform: NT, TOS
Trading: ES, CL
 
patrader65's Avatar
 
Posts: 51 since Jan 2017
Thanks: 306 given, 105 received

I have been largely dormant on this site and don't even have a journal here. So, take it for what you think is worth...

In my experience, both Mack and Al Brooks methods will work if you put in the time and effort.

Al's work is hard to learn and understand. You need 2 things with his method. Enormous degree of Patience, not just with learning, but also with implementing it live. If you think it is just about H1 and H2 entries, you are dead in the water. There is a lot more to context in this approach. You have to adapt yourself to the kind of day and volatility. The second thing you need is capital. I would say at least 50K if you want to implement proper position sizing with a 1% max risk per trade under all market conditions.

Mack's method can be called a subset Al's H2L2 entries and MTR variants (wait for a trend line break and wait for a HL or LH in opposite direction). It is easy to understand and implement. You get more entries per day than Brooks' approach. The downside is that your edge is razor thin, partly because of the bad RR ratio. Unless you are a very good scalper, you won't last long.

I really don't care if any one of them actually trades. What matters is what works for you. In my opinion, Al Brooks is the real deal. He calls out live entries and I have made money taking them. You need a a lot of patience and capital as I mentioned earlier. With Mack, I am not sure if he trades live. Marking trades after the fact it relatively easy. Telling that price action can never be wrong is BS. If you are starting out, his method might be easier to understand. There is not much of adaptability required. But, once you take some full sized losses real time, it will make you think. Don't get me wrong. You can still make it work but your edge is small and you will always have to trade with the feeling that the next trade might wipe out a lot of earlier gains.

The other thing to consider is, if you looking to do this for a living at some point, you will have to trade size. This will be a downside with Mack's scalping style unless you are really really good at scalping to overcome the commission overhead. Brook's approach is more tolerant to mistakes and losing trades.

Reply With Quote
The following 15 users say Thank You to patrader65 for this post:
 
(login for full post details)
  #42 (permalink)
Bucharest - Romania
 
Experience: None
Platform: NT, SC, MC, MW
Broker: NinjaBrokerage
Trading: ES
 
Posts: 40 since May 2011
Thanks: 5 given, 41 received

My suggestion is to take a look at Lance Beggs manuals (yourtradingcoach.com)
For me was the best ever spent money on a trading course. He has a very structured approach on PA but also a very extensive part about how to conduct a trading business.
IMHO even if ignore the PA part. the books worth the money because teaching you how to approach trading in a professional manner.
If I would have to give an advice to a PA rookie I would say to start with Beggs' books and study them for at least 6 month and then go with Mack from PATs books and then with Macks videos.
But, hey, this is just my opinion and I was never into Al Brooks simply because I do not consider being a real trader those advertising them self at Traders Expo in Las Vegas.

Reply With Quote
The following 2 users say Thank You to Cristian for this post:
 
(login for full post details)
  #43 (permalink)
Houston
 
 
Posts: 176 since Dec 2016
Thanks: 98 given, 97 received


Cristian View Post
My suggestion is to take a look at Lance Beggs manuals (yourtradingcoach.com)
For me was the best ever spent money on a trading course. He has a very structured approach on PA but also a very extensive part about how to conduct a trading business.
IMHO even if ignore the PA part. the books worth the money because teaching you how to approach trading in a professional manner.
If I would have to give an advice to a PA rookie I would say to start with Beggs' books and study them for at least 6 month and then go with Mack from PATs books and then with Macks videos.
But, hey, this is just my opinion and I was never into Al Brooks simply because I do not consider being a real trader those advertising them self at Traders Expo in Las Vegas.

Thank you Cristian for the review on yourtradingcoach.com. I am reviewing his course.

Thanks

Reply With Quote
 
(login for full post details)
  #44 (permalink)
Denver, Colorado
 
 
Posts: 44 since Aug 2014
Thanks: 0 given, 33 received

Just curious.

Did Al Brooks ever prove profitability like he stated he would a few years ago?

Can't seem to find anything about it anywhere.

Reply With Quote
 
(login for full post details)
  #45 (permalink)
Legendary Price Action Scientist
Netherlands
 
Experience: Advanced
Platform: NinjaTrader, IB TWS
Broker: InteractiveBrokers, CQG
Trading: ES
 
Pa Dax's Avatar
 
Posts: 1,072 since Oct 2017
Thanks: 1,585 given, 5,515 received


Krav69 View Post
Just curious.

Did Al Brooks ever prove profitability like he stated he would a few years ago?

Can't seem to find anything about it anywhere.

Nope. And he probably never will. Why should he? I wouldn't do so either if I were him.

Sent using the futures.io mobile app

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Pa Dax for this post:
 
(login for full post details)
  #46 (permalink)
Seattle WA/USA
 
Experience: Intermediate
Platform: NinjaTrader 8
Broker: NinjaTrader
Trading: CL, YM, ES
 
NW Trader's Avatar
 
Posts: 305 since Oct 2018
Thanks: 495 given, 1,084 received


Krav69 View Post
Just curious.

Did Al Brooks ever prove profitability like he stated he would a few years ago?

Can't seem to find anything about it anywhere.

Although I am impressed by someone's trading success who also happens to write books, I don't think their brokerage statement is an absolute qualifier or non-qualifier. At first I bought into that idea because it seems so logical. If you really know something about the markets, show me your profits, right? It's the old "Those who can, do; those who can't, teach."

But to believe that, I also have to believe that all those professors at Wharton's or Harvard Business are frauds unless they are successful entrepreneurs themselves. If an engineering teacher has never built a bridge, he would also be a fraud by that criteria. So, no, I don't believe that is a "truism".

I think there are some successful traders who are probably crappy teachers, and I think there are some students of the market who may have an extensive understanding of market moves, indicators, averages and so forth, but maybe don't have the proper mental mindset to actually trade themselves.

When I am considering buying someone's book or course, I do run the author through Google to find out what other people have gotten out of the course or book. If I find that a majority of folks found the material useful, then I may give it a whirl myself. And, if the author/teacher is well known as a trading success, that's certainly extra reinforcement.

And finally, I'm sure there are some folks who are successful traders, then write a book or develop a course and let the material stand for itself. Since they really have nothing to prove, have already made their money in trading, they may not really care about sharing their personal financial information with the world. Who knows.

Just my two cents worth. Have a great weekend!

Mike
NW Trader

There is no path to happiness. Happiness is the path.
Follow me on Twitter Reply With Quote
The following 9 users say Thank You to NW Trader for this post:
 
(login for full post details)
  #47 (permalink)
Youngstown ohio united states
 
 
Posts: 7 since Jul 2020
Thanks: 13 given, 3 received


GruttePier View Post
If you want to learn price action, my advice is to read the thread of Anekdoten from start to end. Itís very inspirational, fun to read and teaches you price action instead of specific candle patterns that donít work

Google on ďAHG - Profitable Strategy for Struggling TradersĒ.

Succes!


Sent from my iPhone using futures.io mobile app



How do I locate the thread by Anek?

Reply With Quote
The following user says Thank You to Wschneidertrade for this post:
 
(login for full post details)
  #48 (permalink)
Netherlands
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: IB, NinjaTrader Brokerage
Trading: Commodities, (crypto)currencies & equities
 
Mich62's Avatar
 
Posts: 310 since May 2012
Thanks: 335 given, 534 received


Wschneidertrade View Post
How do I locate the thread by Anek?

AHG - Profitable Strategy for Struggling Traders

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Mich62 for this post:


futures io Trading Community Trading Reviews and Vendors > PAT vs Al Brooks


Last Updated on August 30, 2020


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Importance of Finding Your Own Way w/Adam Grimes

Elite only
 

Journal Challenge w/Jigsaw

April
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts