Learn to Trade Price Action Consistently

The GOAT Teaches Price Action Mastery

March 7, 2023 By BTC Admin

Al Brooks - Price Action Trading Expert podcast

Trader In Training [10,000 Trades] video podcast

In this trader interview, Faizal Merali from Trader in Training [10,000 Trades], sits down with Al Brooks for an absorbing and valuable video podcast. Faizal notes that Al is The Goat, the absolute master when it comes to price action trading. Enjoy!

Duration: 1 hr 27 mins

Podcast topics

Origins
Fake trading gurus and dishonest education
The TRUTH about head and shoulders tops
40%-60% Rule
Price action is accurate “to the tick”
All you need to make a living from day trading
How to overcome analysis paralysis
Never bet against a trend when you see these clues
Swing trading vs scalping
The most important personality trait to become a successful trader
Scaling in with wide stops
Does trading psychology matter?
Are level 2’s useful?
“Stop everything and start doing this” to become a profitable day trader

Great session, thank you both for this content!

Does Al go rock climbing…such bravery….

More great info, thanks for this.

Legend.

Thanks Al, when you say 25% of a day’s range, is that referring to a per contract basis? Or it can be a total and accomplished by position sizing?

F M says:

March 7, 2023 at 4:46 pm

Hey, in this scenario, Al is referring to 25% of a days range on a per contract basis. Meaning of a day is 40 points, a reasonable goal for a trader is 10 points (per contract). Worth mentioning that Al considers this the “satisfactory minimum” for an experienced trader.

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

The trading room is for educational purposes only and opinions expressed are those of the presenter only. All trades presented should be considered hypothetical and should not be expected to be replicated in a live trading account.

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

The GOAT Teaches Price Action Mastery

Trader In Training [10,000 Trades] video podcast

Podcast topics

Risk Disclosure

Hypothetical Performance Disclosure