When Price Action has become your main market strategy? Have you tried other analysis techniques and tools?
I have tried everything, and I have spent over 10,000 hours back testing all kinds of strategies and indicators. After 10 years, I decided that it was all useless. My goal is to make money, and none of it was helping. I switched to price action trading, and it has changed my life.
Your three books about Price Action trading were a huge success. Dou you plan to write anything more in the near feature? Could you tell our readers how the potential new position would look like?
I may someday write another book, but I feel that my Brooks Trading Course is much more helpful for traders. I regularly get thank you emails, and I have heard from many grateful traders who now make many thousands of dollars of day. I sometimes get a note from someone who made $40,000 or more dollars in a day.
Polish translation of Price Action: Trends was really warmly welcome in Poland. Do you think there is a possibility that your other books will be also officially translated to our language?
hat is always a decision for the publisher, and I am sure that it is based on profit.
Brookspriceaction.com website promotes a Brooks Trading Course, which is 53 videos (27 hours long). It is aimed for beginners or more experienced traders? What we can find inside your course?
The trading course is comprehensive, and it is for beginners as well as for the most advanced traders. I am currently working on a major revision, which will be ready within about 6 months. However, traders buying the current course get the new course for free. Traders who are interested should look at BrooksTradingCourse.com.
Our readers are interested in your trading statistics. They want to know if, even such popular and successful trading persona as Al Brooks might commit some market mistakes?
I will answer like a politician. Trading is based on probabilities. If there is a 60% chance that a trade will be profitable, there is a 40% chance that it will lose money. When the 40% happens, is a trader making a mistake? I don’t think so. However, I and all traders take trades and then soon decide that I read the price action wrong or that I missed something that I now see. That is a mistake. Professional traders get out very quickly when they make mistakes. They do not hold onto their position, hoping that maybe this time the bad trade will work.