My thoughts on Price Action by Al Brooks 11102019
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Video Source: www.youtube.com/watch?v=ZldAQI8QPyM
If you like, you can buy this book here: • https://amzn.to/34NcgiA • With immense deference to Al Brooks' price action skills and his impact on all traders everywhere, including myself, I'm not convinced that complexity is the solution when it comes to learning how to trade. • One of the biggest mistakes new traders make is getting the idea in their heads that the more complex a solution to something difficult is, the more likely it is to be the right one. • In trading, keeping it simple is the way to go. However, like Steve Nison before him, Al Brooks has pioneered the art science of reading Japanese candlesticks. • It's a lot of hard work to get through the content, potentially for not as much gain as one would think. • Gartley patterns, Wyckoff theory, and Elliott Wave theory can also be similarly distracting from the core idea of keeping it simple. They can all result in analysis paralysis. • However, in the case where we want to take our skills to the next level, once we're already profitable, then this becomes the best option. • My thoughts on Al Brooks' detailed book on 'Reading Price Charts Bar By Bar' for traders. A quick 1min review. • There are plenty of funny ideas we get that are counter-productive. • I cover exposed trader myths in the series below: • Part 1 - • 5 Trading and investing myths EXPOSED... • Part 2 - • 5 Trading Myths EXPOSED- (Part 2) • Part 3 - • 5 MORE Trading Myths EXPOSED- (Part 3) • AND, watch this IMPORTANT video where I discuss one of the biggest reasons most people fail at trading: • • Why most traders fail! (and how to th... • #albrooks #tradeallmarketz #priceaction
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