Al Brook's trading course

Are you saying that this plan hasn't worked?

 

The plan works

 

and TA doesn't??

 

The plan does not encompass all of t/a or price action.Most t/a does not work more than 50 % of the time .Statistics.

The above plan works greater than 50% of the time .

Most price action taught is not likely to work more than 50 % of the time.So do a coin toss.

 

I checked some of the method previews and the concepts seem easier to grasp than reading the books; albeit a bit more expensive. You can get all three new books for a little under 150, video course is 250.

Anyone with first hand info that is able to compare the books and the videos ?

 

always better to wait for someone who will buy the product, try it, lose money and then resell the material. With some patience, you could grab it for less than 50$ from a loser. Trading is all about patience.

 

Is the course worth anything or even $1 , it may cost more if the losing traits and skills are passed on by losers , and users of snake oil lose more money in trading live accounts.

 

many times, it is useful to know what makes people lose, no?

 

You might as well know thousands of things that make people lose from losers , that way you will have paid a loser and gained nothing .

Imagine getting training education from a incompetent pilot , who can't fly planes , and you are on live training.

You are better off asking a mentor to take first 50 % of all your losses , and all these scammers would disappear .....and fly .Forex factory and many trading education scams would disappear.

So get a professional trader to coach you , not some pretenders on forums.

 

What is all of TA or Price Action or most of TA? TA is a tool. How can it not work?

I guess that depends on your definition of TA. I don’t see any fundamentals in your plan at all so I would say it is 100% TA. You are not using any indicators as such so you could say your plan is based on price action.

Entries are based on lines drawn on a chart based on what the instrument you are trading has done in the past. You are expecting 50% or more of your trades to be in your favor. Where you make your money is with your risk reward ratio and trade management after you get into the trade.

With the right risk reward ratio and proper trade management you can make money with less than a 50% win rate.

I would propose that when traders fail it is because they don’t have the same type of well thought out and back tested plan that you have presented. Or they don’t have the discipline to follow that plan.