The False Consensus Effect according to the not to be trusted wikipedia. https://en.wikipedia.org/wiki/False_consensus_effect
On the strength of your "testimonial" I just now took the plunge to see for myself what all the hubbub is about. I'll start watching tonight.
NumberZ, You're Welcome. Try it out buddy. I am only one testimonial. Watch all the videos first and take good notes before trading. You may gain success with it. I did not. Its a good overview on trading just price alone. But do not think you are going to be profitable in a month with it. Listen to Volpri and Speedo and Padu. They have success with Brooks teachings. And he also have some live trades he been showing too on his website. hopefully he continue this for his students. Go take his $99 a month webnair too and ask the questions to Brooks directly.
None whatsoever to be frank. I have seen enough in his free videos on youtube to lead me to believe there is knowledge to learn in his stuff. So many have an opinion it seems, but I am not convinced that all of those opinions are based on a personal vetting of his course. I want to be able to judge for myself. So far I have watched the first 5 videos. Some of it real basic stuff that even a non-trader like me knows, e.g. candlesticks, OHLC, etc. But some has been, in my opinion, interesting, possibly useful, and new to me, for example, "the pain trade." I bought the regular course but the next five videos are "Forex Basics." I think I will skip those as I don't have any interest in the forex markets. No expectations. I have an open mind with I think I reasonable and healthy skepticism.
@ simplemelike I wish you luck and prosperous trading; Brookless. If homemade algos work for you to make you profitable and Brooks ideas don’t, then there is no question about it. Trade the algos and forget Brooks. You may wish to maybe donate (or sell real cheap …since per you they are BS) brooks course and materials to some aspiring trader that wants to make an attempt at serious PA trading. No person is more serious about it than Al Brooks. However, for some reason I think you may just hang onto them …..just in case. Good luck algo trading. Just understand there will likely be no end to writing algo’s. They never seem to last very long. Happy trading