The support forum is built with (1) General and FAQ forums for common trading queries received from aspiring and experienced traders, and (2) forums for course video topics. How to Trade Price Action and How to Trade Forex Price Action videos are consolidated into common forums.
Brooks Trading Course social media communities
Brooks Trading Course Learning Resources >>>
Hi All,
I completed the course last December. While the course content was good, I'm having trouble applying the learnings in to practice due to the overwhelming amount of great information shared by Al.
Tried the chat room and got the sense that you have to be familiar with almost all concepts before making good use out of it.
How did you guys bridge the gap between learning the concepts and start trading them in real markets?
Did you take only one setup and master it prior to proceeding to the other. (E.g.: One Encyclopedia entry)
Or did you start by looking for all setup on charts and overtime built the experience?
Greatly appreciate any thoughts on how you approached the problem.
Thanks.
Honestly what helps me the most is just putting up a naked chart. No lines or anything. I just pick random days on the SPY, or TSLA, or NVDA and i just try and find the price action that i've been studying in the course. I have about 4,000 different screenshots saved to my computer over the last few years of i see something i recognize i save it. So, if i see a broad bear channel over 3-4 days i might label it and save it and ill put it in its own folder labeled Broad bear channels.
I've put a lot of time in and i still suck at trading. Good luck.
I also want to say i highly recommend purchasing the books after the course. After i finished the course i spent a few years reading the books. I honestly think i might like them a little better. I think its important to go through the course first but having the books is like the cherry on top because its the same concepts but it almost feels like theres more detail and sometimes things are worded slightly different than in the videos and different examples used.
I've had the same issue of putting the knowledge into practice. The more I trade, the more I realize that you really do need to understand all of the concepts to have an edge. The market structure, probabilities, trade management, signals, entries, stop placement, etc... At the end of the day, the only way you'll really ingrain it all is to trade. Keep a journal, with screen shots and notes and think about why a trade worked or didn't work and use the course as a reference. One thing that helps me is to use the TOS onDemand feature to practice any time I can from the historical price action. You get instant feedback on whether or not your strategy is in the right direction or if you need more work.
TOS onDemand feature!
Where do you find that feature?
Thanks
Its on the ThinkorSwim platform. On your live account, there's a button at the top right that says onDemand. Click it, and you can adjust the date and time to whenever you'd like. I usually pause the bars and adjust the time manually in increments of whatever time frame I'm on. So if I want to practice on the 5 minute chart, I'll start with the open, then adjust the time manually by 5 minute increments so the next bar comes up and so on. But you really have to be honest with yourself and don't let wishful thinking creep in and make you believe that you're better than you really are.
Take it step by step and try to learn one concept so far that you would be able to explain that to someone who has no clue about trading. Then take the next concepts and add that. Everyone has a different style to learn so find that one which fits for you. There are many traders which are trading only one or two setups what is enough when you do it properly. Be kind to yourself as it takes time to get familiar with all the info which the course includes so don't expect to understand all at once after watching the course once. Most of the successful traders watch that several times, read the books and practiced on da regular basis. Compare it to sport, fe. swimming you do not jump into the water for the first time and take part at the olympics after that.
One thing that helped me a lot is practicing with the daily charts. I put the notepad app in front of the bars and reveal them one by one and practice taking entries. That in combination by rereading the theory is golden combo.
Tradingview has Bar Replay - a similar feature that I'm using. You can do buy sell on it too but only at the bar close price. I jot down orders, entries, stops etc as I go then mark up the chart and do a full journal entry for each trade. It's slow going doing the journal in but it forces me to review the chart and then spot stuff I missed in the heat of the moment.
Remember that we all learn and trade differently.The books are great, I also prefer them.
But it takes a lot of work to get the concepts to stuck in your head. Its a lot to learn, but I agree, the more of it you learn, the easier it becomes.
You must also make up your mind about what your comfortable zone is in trading. I dont mean make up by just thinking about it, but really practicing live in the market. It will show you the direction of what kind of trades you should put more focus on, and that means setups/concepts to focus on.
Im the kind of person who doesnt like the monetary risk being to big, so trading reversals was something I really early understood was my thing to trade. Its not good looking setups, but, smaller risk and greater rewards, that means I loose more often, but Im ok with that. Ive trained my mind to handle that.
That can be Major turning points as trading a pullback and going with the trend. Or really early entries that seems stupid to other people. But Ive trained myself on theese types of trades, I love them.
And other people like more confimation and like to trade breakouts but have great risk but more probability on the trade (the move have more likely showed the way) with the strenght.
But it takes time to find out how you best learn things. It took me some while before, but when I got it right, It went really fast learning the concepts.
And brooks are doing a great job at giving different typed of perspective, thats what I love with Brooks.
The books and course can give you an understanding of price action. In order to turn that into the ability to make money means taking that understanding and finding an edge that is compatible with your situation and psychology. I would strongly urge you to start with ONE setup in ONE timeframe and if it suits you then master that setup. It may take a few tries to find one that fits. Stick with that setup and don't give in to the urge to do more. When you have become consistently profitable trading that setup then look to add another. It's going to take time, and in the beginning, you may not do that many trades, but the goal is to only take trades that make sense, not to just "trade".
Thanks all for the responses. Helps a lot.
Thanks all again for the responses. Helped me to narrow down a plan.
Since my original post, I have started doing the following;
01) Started reading the book on trends.
02) Re-watch the relevant course content for each concept discussed in the book.
03) Find the encyclopedia entry for the concept.
04) Try and find similar setups on the charts.
My observation so far is that, as mentally exhausting and time consuming this activity is, it's becoming easier to quickly spot the steup on older charts.
But I'm still struggling to do it real-time (on 5m charts) and catch trade entries.
As Chris suggested, I like the idea of creating a collection of similar setups. 👍
Will keep doing it and hopefully things will improve.
I would like to express my appreciation for the valuable insights you provided in the course ,particularly in explaining the various approaches to taking entry points in trades .your explanations were clear and comprehensive and I am grateful for the knowledge I have gained. However , as I transition to applying these concepts in the live market ,I am finding it challenging to implement them effectively in real-time. It would be immensely helpful if I could receive feedback on my trades to assess the accuracy of my approach.is there a way on course platform or an alternative method through which I could upload my daily trading charts? This would enable me to review whether my thought process and application align with the strategies taught in class.
your guidance on this would be invaluable in helping me bridge the gap between theoretical knowledge and practical application.thank you very much for your time and assistance.
Thanks