Al Brooks Trading

Al Brooks Trading
  • Honesty
    (2)
  • Quality
    (2)
  • Cost
    (2)
  • Support
    (1)
  • Verified Trades
    (1)
  • User Experience
    (2)
1.7

Summary

Al Brooks is a charlatan. No track record. Claims to be a “full-time professional day trader”, yet can provide absolutely zero proof. Trading books are highly subjective, unscientific mumbo jumbo with no backtesting of trading concepts.

Live trading room is an exhibition of palm reading, fortune cookie wisdom, crystal ball divination, modernist voodoo, cult leader fanaticism, and Harry Potter magical thinking.

A specialist of “double-speak”, where the left ear hears the trample of bulls, while the right ear simultaneously hears the mauling from bears.

A circle jerk, waste-of-time carnival attraction meant to sucker the newbie into believing that an actual wizard is behind the curtain.

Pros: Good for the very basics. Nothing more.
Cons: Highly subjective, mumbo-jumbo trading books and courses from a supposed trading guru. No proof of trading success. No track record. No scientific evidence. Pure magical thinking. Trading room is a waste of time.

Thanks for reading today’s review of Al Brooks Trading

What is Al Brooks Trading? Al Brooks is day trading educator. He currently maintains and promotes the following web properties:

  • Brooks Price Action (2009) which is an online trading forum where purchasers of trading products can ask questions and access a live day trading room priced at $99 per month.
  • Brooks Trading Course (2012) which is a promotional store front that is selling a 36-hour video course for $249

Al Brooks also maintains various social media profiles:

In addition, Al Brooks has also published four trading books:

Al Brooks is also a frequent advertiser with the Online Traders Expo. Some readers might be offended or confused that I am using the word ‘advertiser’, instead of the word ‘speaker’ at Online Traders Expo. The truth is that Online Traders Expo is a quarterly seminar circuit that specializes in promoting and selling trading products.

Anyone can be an “expert speaker” at Online Traders Expo, you just need to spend several thousands of dollars for the privilege. There is no vetting of trading educators or the products being sold.

Al Brooks also receives a tremendous amount of press from Futures Magazine. In fact, he publishes a daily blog post on Futures Magazine where he provides a post-market summary of the daily price action.

Al Brooks Trading Performance

Al Brooks has no published track record. Although, there are many references in his books and promotional materials, as being a “full-time professional day trader” there is simply no evidence whatsoever. Al Brooks states repeatedly that he is a full-time professional day trader. But can provide nothing to the audience that establishes a baseline reference to measure his trading performance. What exactly is a “full-time professional day trader?” In my opinion, it would be someone that is earning a full-time income at trading. But with Al Brooks, there is absolutely zero reference material that describes what this actually means. It is simply a statement that he makes and then he hopes that you stop asking tough questions.

During the month September 2016 as well as October 2016, TradingSchools.Org used various alias’s and attended 8 of the live trading sessions being offered by BrooksPriceAction.com. Not once did we witness a live trade. Furthermore, we never witnessed a live or a simulated trading DOM on display inside of the live day trading room. All that is offered are verbal suggestions, pretzel logic, and ambiguous side-speak.

Attempting to verify performance

TradingSchools.Org, using various alias’s, made multiple attempts during live trading sessions, after live trading sessions, and through email in an attempt build a track record of Al Brooks trading results. Unfortunately, this is not possible. Al Brooks refused, at all levels to disclose whether he was trading, or had ever taken any live trades.

Finally, in one last desperate attempt, TradingSchools.Org reached out to Al Brooks directly and notified him that a review was pending. We asked for some sort of performance summary. He refused. His response was that by disclosing his individual trading performance, that he would be committing a criminal act or would be in violation of securities laws.

Is showing a record of trades a criminal act? TradingSchools.Org, in the past two years, has written extensively about trading educators. Not once have we ever witnessed a trading educator getting into trouble for being honest with consumers. In fact, we have been closely involved in both the criminal and civil prosecution of over a dozen fraudulently promoted trading educators and trading systems. In speaking with CFTC and SEC investigators directly, they simply laugh whenever they hear this well-worn piece of urban fiction.

There is nothing illegal with showing a trading record. However, it is fraudulent to show a trading record that has been falsified for marketing purposes. Perhaps this is the reason why Al Brooks does not publish a trading record?

Of course, trading educators like Al Brooks will attempt to obfuscate and confuse this point. They will say things like, “I talked to an attorney and they said it’s against the law”. This is pure nonsense. Securities regulators love disclosure. The more the better.

Perhaps Al Brooks should contact world champion trader Kevin Davey about his published track record. Kevin has been selling trading system since before Jesus walked the earth, and has never had a problem with a securities regulator.

Anyone that tells you that they cannot show you a track record of trading performance “because it’s illegal” is trying to fit you with a custom butt plug, while telling you that it is a lolly pop. Huge red flag (or butt plug).

Does a lack of a track record automatically disqualify?

Does Al Brooks lack of a track record mean that he is a scam artist? Or a con man? In my opinion, it does not. It just means that he probably isn’t a very good trader, and doesn’t want anyone to know about it. The massive amount of promotions, videos, books, seminars and courses simply paint a picture of what Al Brooks truly is…he is a just another trading promoter. A retired eye doctor that couldn’t make it as a retail trader and decided to sell some stuff to supplement his income.

Al keeps his promotional efforts clean and tidy. He doesn’t produce a track record or make wild claims of success because he knows that it will get him into real trouble. His ‘game’ is to leverage social media, various media channels, books, etc that create the impression that he is some sort of “trading wizard”. But the reality is he is just an average guy out selling the dream to the unwashed masses.

Al Brooks is certainly not going to qualify as one of TradingSchools worst educators. Not even close.

The real problem with Al Brooks

Trading educators all seem to occupy a particular niche. Some educators claim that magical order flow indicators can divine the future, others claim that rocket science mathematics infused into a moving average will surely bring big trading profits, others claim that 700-year-old Japanese stick characters portend the future. With Al Brooks, his niche is “Reading Price Action”. What exactly does that mean? Quite simply, from Al Brooks perspective, he claims that he can look at just about any 5-minute bar, and from these tiny bits of information, he can consistently predict the future.

What does an Al Brooks prediction look like? Well, lets start with the trading room, and what we heard…

“Indecision bars, indecision bars, with a possible micro bubble climax definitely looking to buy support. But sellers may overwhelm swing, so looking to sell at resistence trigger”

“Double bottom probably buyers on doji candle looking for long entry and short entry on resistence failure short entry for quick profit, be aggressive and careful with either position”

“Final flag, final flag, definitely final flag probably entering trading range with close support at possible entry point for aggresive buyers and definite exit point on multi-point sell  position”

“Failure reversal bull flag with sellers climax possible sell, but looking to buy on minor pullback of micro bubble. Indecision bars signalling continuation of reversal points.”

On and on, throughout the trading day, Al Brooks talks his way through the trading session. Making these weird, highly indigestible, utterly confusing references to things that apparently only he can see. Not once does he ever say, “I am going long at price X, stop at price Y, target at Z.” Nothing he say’s is ever direct, concise, or definable. The entire trading room is meant to be a lesson in confusing terminology, innuendo, and twisted statements. Everything is meant to lead the consumer back to the reference material, in other words, if you buy the book specifically on Trends, then you will understand what I am saying. And after you buy the book on Reversals, then you understand this. And after buy the book on Ranges, then you can understand the ranges terminology.

And if the books are not enough, then you need to purchase the 36-hour course that ties it all together. And you need to keep paying $99 per month and watch the live trading room, and eventually it will sink in. On and on it goes, until finally the disgruntled and dismayed start writing to TradingSchools.Org and complaining and are pissed off about wasting time and money.

No scientific evidence

Thankfully, multiple readers sent me copies of Al Brooks trading books. Although the books are stuffed full of perfect chart examples, there is absolutely no backtested evidence that any of his chart patterns are valid. Everything he writes is subjective and pure opinion. Today’s modern trading platforms make it simple to backtest ideas, and specific set-ups, but Al Brooks does none of this. We are supposed to “see the patterns” and “feel the patterns”. And if we follow Al Brooks long enough, we also will begin to “see and feel these patterns”. But you have to keep paying, and buying and watching in and endless loop of hope.

The problem with Al Brooks always circles back to square one. Does this guy even trade? Does he even have a trading account? Has he ever had any success whatsoever? All he has to do is release information on his own personal trading performance, and this would be the final verdict. But Al Brooks will not do this. Nobody is allowed to peak behind the curtain of the Wizard of Oz for a reason.

My own opinion

On a typical trading day, Al Brooks will make an average of about 25 trading suggestions. They are suggestions, and nothing more. There are no exact entry points, or stops, or profit targets. Everything is left to the imagination of the viewer. And the imagination of the viewer is where the con is played out.

Al BrooksAl Brooks is a palm reader. With his nerdy demeanor, he holds your palm and starts pointing to lines that supposedly tell the future. He suggests that a straight line here, with a squiggly line over here, and a strange line there means that something amazing could happen to you at any moment. Never does he take out his own palm and tell you what is happening with him, its always about playing into the imagination of his audience. He is an eye doctor, and he can see things really well, and his daughter is going to an Ivy League college which means that he is successful and can afford such a thing. And that since Futures Magazine publishes his articles that they have witnessed his grandeur and endorse his predictive abilities. And since he is a “speaker” at Traders Expo, that he is authentic, and the multiples of books and video courses are yet more proof of his amazing abilities.

But the sad and simple truth is that Al Brooks has no trading record. He is just a simple little man projecting something that he is not. He is not a successful trader. Just another vendor, selling the dream. Of course, I would love to be wrong. And it would be so incredibly easy to prove me wrong, by releasing a performance record, but Al Brooks knows that he can never do this.

Thanks for reading. Sorry for yet another negative review. There are plenty of Al Brooks fans out there, and they are going to be pissed off that I am calling him a charlatan. But it’s just how I see it. Don’t forget to leave a comment below.

 

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Pete
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Pete

May I please request Al be invited here for an intellectual meeting of minds to discuss several potential conclusions and to answer unanswered questions following this review, thank you in advance for your cooperation.

Pete
Guest
Pete

Brooks cultists remain devoted to the hive-queen WASP Brooks. The sole task of Brooks’ devoted is to attack critics of Brooks. No need to explain why Brooks has been lying about his trading skill and laws/agency oversight (FNRA) since 2009. Explain Brooks’ false and evasive statements to Emmett and his public bragging of trading skill with his cynical con-man sales pitches all over social media. Brooks is a textbook example of American greed and deception. The book is now closed on Brooks with this review and subsequent public knowledge of the dark and devious side of Brooks. Brooks decided to… Read more »

pete.jpg
Simmy
Guest
Simmy

https://youtu.be/sggCMq-Nf9I?t=63 “France? forget it not with their tax laws!” Flightless birds are a great analogy Lucas. I studied Al a while, he is not much of a trader though good for the beginner ideas. Maybe he is just ironically short sighted and his method is muddled? His books are ok, I found his voice too dull to listen to for long, portraying him as a cult leader is reaching for the absurd I am sorry. If he was he would have found someone especially gifted to trade an account for him. Providing proof would be easy with the millions on… Read more »

Pete
Guest
Pete

“Cult leader” is a metaphor used in this case for someone with a personal morality, a subtly hamrful and selfish agenda combined with a devoted following of believers who attack the personal attributes of critics of the “cult leader” and willfully choose ignorance. Please explain why Al Brooks lied about the NFA regulating his trading. Why did he lie and say it’s illegal to share his trading results”? Brooks cultists say he has no personal responsibility for the information he publishes because there is a disclaimer which gives him free pass to misrepresent his trading abilities in videos and in… Read more »

Pete
Guest
Pete

http://www.youtube.com/watch?v=VFvwLmTZml8&feature=youtu.be Brooks’ 2016 Expo Speech mentions ES scalping where price moves to a 1-4 point target on ES but often does not give a fill on limit orders at that price, doesn’t sound like sim trading and once again there is no disclaimer on another Brooks Moneyshow video. Tturner should ask Al why he lied about the legal status of sharing live trading results to Emmett. Al’s altruistic motives are now in doubt due to his for profit teachings since 2009 being predicated on his now doubtful but claimed live trading experience and proficiency.

Lucas
Guest
Lucas

Pete ($20k of loans? gee.. you are a dope), Billy Bush is Coming (don’t slip Emmett), Stray Dog (really that is just too perfect), Rob B (waste of a good brain here) and Crooked Hillary, the child like Empress of Fantasia. It’s like opinions of C list characters from an animated movie reading this thread, the vultures from Ice Age or hyenas from the Lion King? Got it! the Penguins of Madagascar and the airplanes represent trading rooms!!!!! Google the clip: I Make My Own Options. Penguins of Madagascar. See “making your own options” now tha is progress right? no… Read more »

Stray Dog
Guest
Stray Dog

When I was at university I had to study several novels written in the “stream of consciousness” narrative style. Their plot was difficult to follow because the narrator jumped from one point to the next without developing any fully and without making a connection between the seemingly disconnected gibberish on the page but it was a deliberate narrative choice made by the author. What’s your excuse Lucas?

Crooked Hillary
Guest
Crooked Hillary

@Lucas Living life in your parents basement watching cartoons is no way to grow up son.

Rob B
Guest
Rob B

Lucas,

That must be so brilliant as I can not understand what point you are trying to make. Who do you think the A characters are. You think the top proven investors of our time are recommending Al Brooks.

Lucas
Guest
Lucas

You guys replied. Wow. All I can think is if you say “gullible” slowly it sounds like “oranges”.

Ok, just keep saving the penguins. Stray Dog, feeling so inferior you have to mention college? Ouch. Pete took the higher path, maybe he learned something after all.

Winter Is Coming
Guest
Winter Is Coming

Oh “Lucas”,

Acting like a dick won’t make yours any bigger. Get back to posting on the spoos thread or they will miss you.

Unless you have Al Brooks’s monthly statements to post of course – and then we are all eyes and ears.

Lucas
Guest
Lucas

4 of 5.. Pete, your are the man. Billy Bush is Coming gets fired yet again. If you cannot even do the obvious and blank a fool, it’s not Johnson size that some need to be concerned with.

Winter Is Coming
Guest
Winter Is Coming

Poor and incorrect preposition Lucas. ‘Pete, you’re the man’ is acceptable. ‘Pete, you are the man’ is acceptable. ‘Pete, your are the man’ is incorrect. In linguistics, grammar is the set of structural rules governing the composition of clauses, phrases, and words in any given natural language. The term refers also to the study of such rules, and this field includes morphology, syntax, and phonology, often complemented by phonetics, semantics, and pragmatics. I get it. You were grilling a lovely steak and needed to fire off a quick response to ensure this little game of tit for tat continues. So… Read more »

Cyn
Guest
Cyn

Well, one never knows. He may have seen the error later, but this comment system does not allow one to edit even one’s own posts. That means that he would be unable to correct the original post.

Of course, he could always have written a new post to correct the error, so …

klem
Guest
klem

I am master of economics, during studies i learned to study hard and even after all that hard efford Al Brooks was still wery hard for me to understand. I left his books for other and always came back, i read it every night, i watch his new course and Worf’s youtube videos and it is really helping me to understand risk, reward and probability. For me, Al Brooks is the key to my success. I have taken a look at many books and i have found no one with better understanding of price action than Al Brooks. But if… Read more »

Goagal
Guest
Goagal

How’s the enchilada coming? Can we have some free samples? smile

Stray Dog
Guest
Stray Dog

@Klem This is the same BS we have read before. “I have a genius IQ and it took me years to understand Brooks’ teaching.” Now it’s “I am a masters of economics.’ I’m surprised that you didn’t put on a white lab coat take a picture with the caption “( out of 10 doctors study Brooks’s Price Action course!” Did it ever occur to you geniuses that the reason that Brooks’ course so difficult to understand is because he wants it to be convoluted so that no one can pin him down when it doesn’t work? “Yes X Y Z… Read more »

Rob B
Guest
Rob B

What you talk about takes time and time is not in infinity supply. So you must use it wisely. And using it to spend thousands of hours from someone that refuses to show any proof of his profitable claims and then lies about the NFA saying he can not show his statements is a complete waste of time IMHO. If Al Brooks can not trade his own methods profitable there is zero chance you or anyone else will. I doubt you care to show Emmett proof of all the money you are making scalping ES on a 5 minute chart… Read more »

Lucas
Guest
Lucas

Klem, well done on your studies and ignore the American man-boys here who will never make it because they do not want to do real work. Entitled and lazy, worse with every generation since the baby-boomers and also embarrassingly emotional & sensitive for men. Half them think training should be a signal service for them to copy live trades off smile It takes time to get into your mind like learning to play the cello, many many months to a couple of years sometimes even for a smart person.

Rob B
Guest
Rob B

What complete nonsense. Straight out of the shill handbook. You need to go to BMT to find Kool-Aide drinking suckers to believe the crap you are pushing. First, of course learning to trade takes time and dedication. No one not even me disagrees with that. But that has Zero to do with the issue brought forth in this thread. But as all shills do, you just pivot and ignore the real question and divert the fault onto the people and away from the con artist that is scamming them. Being you diverted from the Real Question, I will bring back… Read more »

Stray Dog
Guest
Stray Dog

And remember Klem, a smart person would be able to connect the dots between someone selling a product that they refuse to provide proof that even they can use it to make money. Let me help you out S…C…A…M It also shouldn’t take much intelligence to work out that when someone’s response to a post is devoid of logic, argument or even sound reasoning you should listen to the the people who have presented you with logic and reasoned arguments no matter how unpleasant they may be.

John
Guest
John

Part of me doesn’t want to post this because I feel that Al Brooks’ information is one of the best kept secrets in trading and I’m just as happy to keep it to myself. But I am posting this because Al works really hard to help traders and it disgusts me to see all the ill will toward him here. So if anyone is “investigating” him, they should know he has greatly benefited the lives of many traders. There is no one else on the planet that has a written a comprehensive tomb of price action the way he has.… Read more »

dtchurn
Guest
dtchurn

It wasn’t really a “secret”. B_ooks was one of the first in this century to revive the retail trading education book fad where back in 2009 there was only a handle of recent published trading books. Now of course there are hundreds of trading books on Amazon and the “pocket” sized 10 buck kindle trading “books”as the latest generation of dream sellers try to make a buck self-publishing the same regurgitated bs. Sure probably half who try reading Al’s books either skim it or give up or head straight to the video course, but B_ooks has long been visible at… Read more »

Stray Dog
Guest
Stray Dog

@Lucas – no I didn’t mention attending university due to any feelings of inferiority or of superiority. It’s called context. The reader needs the context to understand why I read those stream of consciousness novels. Also, in my world it’s normal, from time to time, to discuss experiences of university/college with people because it’s something that we have in common. I’m sure in your world, you and your colleagues sit around and discuss experiences that are share by you. For example is a metal bucket better than a plastic bucket? Do string mops clean better than the squeegee shaped foam… Read more »

Pete
Guest
Pete

Is anyone wagering bets on what Al Brooks is eating for Thanksgiving?

Rob B
Guest
Rob B

From all the money he was gotten from suckers who blindly believe what ever he says, I would say Turkey with

Alexander Amosu most Expensive Champagne In The World: Taste of Diamonds

as he laughs all the way to the bank with the money he is being given.

Pete
Guest
Pete

I bet Al is eating Trader Joe’s Racks of Lambs with one hand and laughing maniacally while stroking a hairless white Persian cat with the other hand while reading these comments.

Winter Is Coming
Guest
Winter Is Coming

I hate to say it Pete, but Al Brooks will be tucking in to a business as usual Thanksgiving, just like us all. He doesn’t give a flying crap about Emmett’s review, the FIO rebellion or any negativity surrounding him for that matter. Unless he produces 12 monthly broker statements at the FIO webinar, nothing will get resolved and his behavior will continue. Lovers will love and haters will hate. At least the talk of a threshold/level of entry criteria is being discussed for vendors to do webinars. Trying to nail down his broker is quite hard. The net has… Read more »

Cyn
Guest
Cyn

That information is as hard to find as a cross between a unicorn and a phoenix.

Lucas
Guest
Lucas

“Trying to nail down his broker is quite hard. The net has been spread far and wide but no bites yet. There are ways and means to get anything should you know whom to ask and where to look. Unscrupulous? Probably, but not illegal to look. I have already discussed that”. Walter Mitty would be embarrassed by that, Old Cliffy Clavin would spit out his beer. “Pathological lying can be described as a habituation of lying. It is when an individual consistently lies for no personal gain. The lies are commonly transparent and often seem rather pointless. There are many… Read more »

Pete
Guest
Pete

Al Brooks says he has multiple trading accounts in 52traders podcast, rumor was it was with Interactive Brokers at one time. I would leave it up to an investigative journalist to verify Al’s claims, hopefully Futures Mag will investigate him now and cease sponsoring him considering his history of lies is so apparent following this review.

Winter Is Coming
Guest
Winter Is Coming

@ Lucas

Emmett has some reach, but even he couldn’t find anything on Al Brooks. He has managed to dig really deep on a few other ‘trading personalities’ but with Al, nothing.

So which category of lying does Al Brooks fall in to? Assuming he is of course lying.

If it ever materializes that Al Brooks is a facade, he will probably go down in history as one of the best trading stories ever told.

Lucas
Guest
Lucas

Compulsive liar + sycophant by that answer… Billy Bush is coming.

Cyn
Guest
Cyn

Turducken washed down with Goût de Diamants champagne?

Pete
Guest
Pete

Why didn’t Al take the high road and market himself as a trading educator who switched careers from ophtamology to day trading, lost for ten years, and has produced and improved on some interesting theories of market behavior? Al Brooks decided in 2009 to market himself as a market wizard and lied about laws preventing him from sharing evidence of his crass marketing claims. Al Brooks is libel for a class action lawsuit from all affected by his duplicity, whether they purchased his books on a forum or not, or heard the real Al in a 2009 webinar or not.… Read more »

Rob B
Guest
Rob B

“Why didn’t Al take the high road and market himself as a trading educator who switched careers from ophtamology to day trading, lost for ten years, and has produced and improved on some interesting theories of market behavior?”

He is a con artist. Why would he do that. There is no money in doing that.

But seriously you need to post at BMT. I give you 1 post before you are BANNED!!! Any takers on a wager?

Cyn
Guest
Cyn

I will take the wager, but only if you let me bet in the side that you are betting on, and you move to the other side. I prefer to win the bet! smile

COCK
Guest
COCK

Loosers are always looking for excuses.

Tom
Guest
Tom

At last this d-bag is exposed.. Thank god, what a fraud.

OzTrader
Guest

I’ve been following Emmett’s website for some time and like his work. But I have a different view on Al Brooks. I did a long write-up, too long to post here. I put it on my blog – https://tradinglogblog.wordpress.com/2016/11/20/interlude-thoughts-on-al-brooks/ If you think this is a sneaky way to direct some traffic to my blog, well it is. But I make no money from it – it’s not a commercial blog at all. I just think it would be fun to connect with other traders. I have 100+ posts detailing my efforts with day trading. Bottom line – I think Emmett… Read more »

Pete
Guest
Pete

I guess your review is invalid because Brooks does write the daily recap in hindsight, it’s dishonest of him to not mention it is hindisght analysis in bold print on each chart he writes. This sort of manipulativeness is common among cult leaders, it made a good first impression on me too. From your review it looks like you just started learning Brooks’ price action appropriations. People on forums have wasted years using Brooks’ method, while taking positively about it like you are, before abandoning it in inevitable disgust.

Edgar
Guest
Edgar

Ey Pete, I’m newbie about trading, what do you recommend for learning ?

PowerM
Guest
PowerM

Guys, I dont know if Al takes live trades or not. But what is wrong with his theories, no matter if he uses them for his own live trades or not? Where else can you get so much knowledge for this ridiculous amount of money? Anyone of you has spent much more money on trading I bet, assumed that all of you are traders. Look at the attached chart which is part of a hand out related with a webinar that Al held somewhere. All comments on this chart are reasonable, and the chart itself shows price action as you… Read more »

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Pure Price Action
Guest
Pure Price Action

This post just shows how people are different. For me Al Brooks is a genius, and I can understand why most of people cannot understand his method. Since the first pages of his first book (by the way I think is the best, even though most people say its confusing and thats why he wrote the other 3 to clarify) reading 2 pages a day I could see the charts next day do exactly what was in the book examples, well not exactly because its always different. So now I see lots of information on the 5 min chart. Some… Read more »

Mig-Jr
Guest
Mig-Jr

Beleza! Bom ler uma opinião diferente por aqui. Já estava quase desistindo de ler o Brooks…

robert
Guest
robert

This is worse that I expected. From the comments of “warrior spirit” it looks like Al is running a cult. Maybe not as seriously conman material as wrbtrader but still…

dtchurn
Guest
dtchurn

Typical kool-aid phase for “warrior spirit”. That how these shams get their monthly churn revenue in the meanwhile. Eventually he’ll wake up from it , or he’s just a shill. People want to believe at first. Right, not nearly as con like Mark Sachs or Woodie’s cult.

Pete
Guest
Pete

Here is interesting information from archive.org of brookspriceaction in 2009: “I am not a CTA and therefore need to restrict what I publish on this site. Otherwise, I would have to become a CTA and this is against my minimalistic approach to life. I called the NFA and asked what my limitations are and they told me that I cannot make trade recommendations, I cannot discuss my trades or trading results, and I cannot answer specific questions about particular trades that anyone has taken or contemplates taking. However, I can publish my reading of charts and I can discuss trades… Read more »

Dave
Guest
Dave

Well, that is just bluntly wrong. A CTA does have a restrictions about advertising, but telling people about your trades is freedom of speech.

There was a court case , Taucher v. Born. like 15 years ago that said “who ruled that Internet publishers and computer software developers as well as traditional newsletter publishers could publish without first being licensed by the CFTC”

Unless there has been a court case since…..

Traderme
Guest
Traderme

Is it blundly wrong? When you are putting your statements on your webpage and sell courses with it, isn’t this called advertising? If you are a profitable trader making lots of money does not mean that your students will. No, on the contrary 90 % of them will lose. So your statement on your webpage could be misleading advertisement although the figures are true because students cannot replicate what you are doing. See Pete and I took the same material from Al Brooks. Pete failed while I became profitable. So for Pete this would be misleading advertisement because he cannot… Read more »

Dave
Guest
Dave

If you are a CTA or raising money, it is advertising and that is dealt with by the NFA. Al Brooks is not, so that is why I mentioned the CFTC. As long as you state clearly that past results are past results, then you are stating facts. “Misleading advertising” is not an issue here, misrepresentation is. If you say “I am a profitable trader” while selling a course, and you buy the course based on that statement, When the CFTC filed a complaint over the School of Trade, one of the items was for a systemic pattern of false… Read more »

Pete
Guest
Pete

Al Brooks could be more vulnerable to CTFC litigation and prosecution than Schooloftrade due to that he has been possibly misleading clients about the possibility of NFA audits as the reason he avoids showing his trading statements or mentioning specific trades since he started the webinars in 2009, in addition to statements Brooks has made about his professional trading proficiency, .i.e trading for a living, trades 10-20 times a day., takes 1 point scalps on the ES and usually exits for 1-2 ticks or breakeven or for 1 tick if the 4 tick scalp doesn’t look right, all of the… Read more »

Traderme
Guest
Traderme

So file your complaint and we will see where it goes. I know another person who is beyond all question and provided proof over and over and has an institutional background as well who scalps daily on a one minute timeframe. His equity curve which is documented via an institutional tracking software looks like a straight line up. So yes, Al cannot go for this small targets since he is trading through a broker but basically it is definitely possible what Al claims to do. I proved as well that it is possible to be sucessful in his trading room.… Read more »

Dave
Guest
Dave

@Traderme, I am not saying you are not profitable nor am I saying other people are not profitable using price action.

I am just saying that , as Al is not an NFA member or raising money, it does not run afoul of the law by posting his trades along with the appropriate disclaimer.

Winter Is Coming
Guest
Winter Is Coming

@ Traderme (aka ……….) Does Al trade live from a funded account? Yes or no. If yes – how do you know and can you provide irrefutable proof? If no – well why not? Like a slippery eel, you are inherent on steering the conversation away from this question. All Al Brooks has to do is show perhaps a few months worth of redacted brokerage statements and we will all tuck in to a nice plate of crow. After he does that this thread is dead. You would be 100% right, Emmett will give Al a 5 star rating and… Read more »

Traderme
Guest
Traderme

No I definitely cannot prove that Al is trading off a funded account. But there are a lot of different opions floating around here. For example some people say Al is a Fraud because no one can profitably scalp on the 5 min because of HFT or whatever. These people say its just a pipe dream. And that is definitely not true. There are people who can scalp on 5 min or lower so theoretically Al can scalp on this timeframe profitably. And there are several signs that suggest that Al is indeed profitable, among others the correctnees of his… Read more »

Rob B
Guest
Rob B

“it is definitely possible what Al claims to do”

Do you read what you write. I guess it is possible the lock ness monster exists also. With you it is this mysterious person that can do or that mysterious person that does it. Yet never any proof shown that Al Trades profitable or even trades live. And that is what this thread is about.

Stray Dog
Guest
Stray Dog

I feel like I’m in the twilight zone. Traderme is the type of person who would come home, find his wife in bed with another man and say She wasn’t cheating. The pool guy was a gynecologist before he decided to become a pool guy and he was just helping my wife out. No he didn’t show me his qualifications but I know there are other gynecologists who make house calls. Traderme, if Al Brooks could trade or does trade he’d produce proof of it.

dtchurn
Guest
dtchurn

Assuming Brooks is at best a “breakeven” trader, he still can’t show proof and statements because it would be seen his own trading isn’t any better than coin flipping and that the monthly churn is to shore up losses while he continues to endlessly practice and experiment with whatever methods he is not sharing in the books and material. A vendor packages a bunch of ideas that no longer work into a book and videos for sale. Then in the actual room, we hear mumbling about “always in long/short” and barely anything as a good example from the book as… Read more »

Traderme
Guest
Traderme

So turns out he is indeed a real ophthalmologist. The internet is full of his articles. It will turn out that his daughters in deed go to elite collegues. I have proof of that but will not post it here since I dont want to take the fun away for you guys. And anyone must pay for that – so it looks to me that Al is doing quite a bit of money, right? Three books and a trading room for 99 Bucks don’t pay tuition for elite colleges. Looks to me the guy is really trading.

dtchurn
Guest
dtchurn

I would agree Al is wealthy but I would think that’s more from his past ophthalmologist career than trading. He would already be in the top ten percent income bracket. He could have other businesses, such as owning a franchise or rentals. So he would have had plenty of funds to trade with initially. My take and opinion on Al is that he’s always been a breakeven trader and never made it big. If he did, I doubt he would be doing a room or selling books on what pa ideas worked for him. But he’s very disciplined as a… Read more »

Pete
Guest
Pete

Totally wrong again dtchurn. Brooks suggests computers trading the ES make it the most perfect market, the most rational market, and thus the most tradable market, with measured moves and support and resistance levels respected closely compared to some other futures markets. Brooks repeats that HFT has no effect on price beyond 1 tick, as though he is trying to emebellish a clear danger as a trading marketer rather than a trader.These claims by Brooks are precisely why he must be shut down, he is telling people to jump off an unprecedented cliff and obscuring reality and his motivations, his… Read more »

dtchurn
Guest
dtchurn

Hah, I haven’t been wrong before. Just your lone gollum voice. Doesn’t sound like you were in the trading room. He commented HFT was making price act weird in real time. What he said in the room was often different from the books in the hindsight charts or in his promo webinars and “interviews”. Of course this was years ago as most of us have ditched it and moved on. except for petedetestithbrooks.

Pete
Guest
Pete

That was idiotic of you, as usual, to assume I wasn’t in the room because I didn’t hear the same thing you did. Brooks has a history of making false or evasive statements, just because he apparently mentioned HFT as having a negative effect on his edge when you were subscribed doesn’t mean he would do the same at a different time period when I was subscribing to his webinar. If anything the inconsistencies and evasions from Brooks strengthen the pending CFTC case, not weaken it.

dtchurn
Guest
dtchurn

Doubt you’ve been in the room, now lying about having been in it having only attended the free webinars. Bet you just got the video course. All you can do is look up current youtube videos and what little promotions of Brooks there are online. What an idiotic fool. There will be no CFTC case before Brooks retire. No one is doing complaints including you.

Pete
Guest
Pete

Good shill. Even if Brooks retires the CFTC investigation will be retroactive from 2009-2016.

dtchurn
Guest
dtchurn

Doubt there will be any cftc case period. He’s too small time and far from Dr. Sachs’s con malarky. There may be a few of cftc cases bu they will be tossed out.

Winter Is Coming
Guest
Winter Is Coming

@ Traderme “So turns out he is indeed a real ophthalmologist.” – never in doubt. Pointless to even bring it up. His name is on plenty of papers around the web. His daughters going to Elite schools – never in doubt. The easiest thing in the world to look up and find out. Pointless to even bring it up. It’s not even difficult to find out all of Al’s family relations, prior addresses and telephone numbers. “so it looks to me that Al is doing quite a bit of money, right?” – so you obtusely assume that Al has got… Read more »

Traderme
Guest
Traderme

Everything here has been doubted except that Al is born. It has been doubted that he was ophthalmologist, it has been claimed that he invented his daughters going to Elite universities to give himself a wealthy appearence (instead of Ferrari car pictures I assume). It has been claimed that no one became profitable using is methods and his methods are of no value until I proved otherwise. Now people say yes, the methods are valuable but he did not invent them, just compile them. Yet I habe never seen the same methods explained in any other place.

Traderme
Guest
Traderme

I believe that Al has been given the exact information by the NFA as he wrote. Probably even in the same words. The guy from brookspriceaction has extensively written that the trading room and forum initially was only planned for a very short time and set up because people asked Al for help. Everything in Als case is a completeley different story as with any other vendor that I know and this is really well documented everywhere. I think that the only reason why Al doesn’t disclose anything was firsthand because of the information given by the NFA and now… Read more »

Winter Is Coming
Guest
Winter Is Coming

But, but…Al Brooks hasn’t been a member of the NFA, since 1994. If his membership is current then it cannot be found. Perhaps he changed his name…again. As per their Manual / Rules Section 1: Fundamental Purposes. Subject to the limitations in Section 2 of this Article, the fundamental purposes of NFA are to promote the improvement of business conditions and the common business interests of persons engaged in commodity futures and swaps or related activity by (i) undertaking the regulation of persons that are members of NFA (hereinafter “Members”) as set forth in this Article; So let’s resume with… Read more »

Winter Is Coming
Guest
Winter Is Coming

“Yet I habe [sic] never seen the same methods explained in any other place.” That is the genius part of this entire saga. Here is the link to Al Brook’s website. Pick any acronym he uses and tell me which one is proprietary to Al or was Al’s invention. Because I have to tell you, there are literally hundreds of trading books that describe exactly what Al is portraying, albeit perhaps under different nomenclature. He just happened to cram this all into 3 books. Pretty genius if you ask me. So genius in fact I wish I had thought of… Read more »

Stray Dog
Guest
Stray Dog

How does Al Brooks being a real ophthalmologist and his daughter attending an elite college constitute proof that he is trading? How much does 4 years tuition at an elite college cost? $100,000-$250,000? Let’s say Al convinces some smuck that his voodoo hoodoo is real and that if you stick with the trading room long enough you too will start to see the magic. Our smuck buys the course, Al gets $247 and all of his books of which Al gets a total of $50 and he signs up for 12 months in the room, another $1,188 to Al. That’s… Read more »

James
Guest
James

His daughters and what schools they went to have no relevance to this. Just because they went to expensive schools doesn’t mean Al paid for it. They could have got scholarships, or taken out loans, or had their mother pay for it. Even if Al did pay for some or all of it, that money could easily have come from his vending. Others claims of success with Al’s teachings have no relevance to this either. We have no way of knowing if those claims are true anyway. All of that has nothing to do with whether Al’s recurring claims have… Read more »

Rob B
Guest
Rob B

Man I was agreeing with you 100% up until “We simply want to know the truth.” All the truthful vendors were put out of business. No one wants to hear the truth. They want to hear the fantasy. The fantasy world that no one can show any proof of. That is why this industry is just left with con artist, telling you how you will make a killing micro scalping CL for 4 ticks at a time. Piece of cake after all it can move 250 ticks in a day. How hard can it be to get 4 ticks here… Read more »

James
Guest
James

Oh, I know that his claims are not true.

I want to know the real truth as in does he trade at all? And if he does, is he losing and how much? Did he ever have any profitable years? Has he ever managed money for others?

Rob B
Guest
Rob B

The only way you will get that information is if the regulators go after him and they post their findings or he see the light like Emmett and comes forth, wait he had to get busted first, so that is not happening either.

What I have no doubts of is he is not trading the way he claims with the success he claims or he would be one of the richest persons around and running a hedge fund for GS instead of a penny annie trading room.

dtchurn
Guest
dtchurn

Very true RobB where if he was having the dream trading success, he wouldn’t be sharing a room with penny arcade fees compared to Soares’ room who doubled his fee to 300/monthly churn after the TS review, a detail which you caught. Brooks probably doesn’t need to make a living from his site and products as he’s already wealthy. He just does enough to keep his sham from stinking too bad, just the way bmt likes it. I think he really likes trying to trade even though he’s not making it big and is breakeven at best.

dtchurn
Guest
dtchurn

I was curious what was the monthly churn of Al Brook’s trading room currently. I recalled years ago it was about 20 or so members listed per month. Wow, it’s now at a rough average of about 130 per month. Every other month 20 members seem to churn out so the room membership count fluctuates from 120 to 140. each member id is listed so one could track how long a member stays on average in the room. So that’s about a cool $150k per month from membership in the room alone. Not too shabby if one could make that… Read more »

dtchurn
Guest
dtchurn

typo 150k/year not /month.

Rob B
Guest
Rob B

Don’t forget his book and video sales. Much better income than losing $150K, which is probably what he would lose if he traded live as he claims.

Pete
Guest
Pete

Brooks makes more than $100K a year vendoring, archived months of the webinars are sold for $50 each, he refers people on his course website to Tradestation brokerage. From talk on forums more buy hiis video course than subscribe to webinar, video course price going up to $499 Nov 30 after new trading expo visit, his third visit in a row. How will he explain to the CFTC how he trades for a living as a professional trader in relation to his substantial and stable vendor income?

dtchurn
Guest
dtchurn

Ludicrous imagination petedetethbrooks. You hardly know for a fact how many courses Brooks sold. Anyone can quack what everyone already knows about the video course coming out. Sure the course would be easier for most than reading the books. But so what. Everyone knew about the video course as it was promoted on bmt when it was released.

Pete
Guest
Pete

I didn’t say I know for a fact, that was an idiotic assumption. I’m making an educated guess based on Futures.io and other social media evidence of the popularity of Brooks’ trading course. Not everyone knows that Brooks is raising the price of his course by 100%, this fact should be mentionable in the comments of a review without you getting your diaper dirty and snarling like a bitch at other commenters.

dtchurn
Guest
dtchurn

hah, just because you were wrong, you continue to tag my posts across reviews , snarly bitchy gollum. who cares about your posts anyways. stupid reach about the number of video courses sold. most of your posts are reaching and lackadaisical conjecture.

Pete
Guest
Pete

Atleast I didn’t make an elementary school math error while conjecturing and say it was a typo, I’ll never be able to fully lower myself to your level.

dtchurn
Guest
dtchurn

Good point RobB about the potential losses. I was appalled after NickD’s excellent real testimonial on WT when Emmet mentioned being contacted by WT members losing up to 20k or more each on credit card debt in the 700 members a day room. Brooks doesn’t make any calls as he’s more conservative on hiding his shamming stink rather than calling trades, glossing over losers, and boasting about the trade(s) of the week making x thousands of dollars. So folks are more likely wasting more time and educational fixed costs on the books, room and videos trying to get bpa to… Read more »

Stray Dog
Guest
Stray Dog

Judging by the number of diehard believers defending Al and venting that requiring him to prove the worth of his teaching through brokerage statements is unfair and completely unreasonable I doubt it’ll have much effect. People who want to believe will no matter what. Al’s doing the smart thing, no response at all. People will vent but the furor will subside, perhaps he’ll take a hit for a few months and have to live on a paltry $80,000 a month but as long as he doesn’t engage in the conversation he’s safe. If he does try to defend himself he… Read more »

Stray Dog
Guest
Stray Dog

Typo too: $80,000/year not $80,000/month

dtchurn
Guest
dtchurn

Yes, I’m amazed at the kool-aid phase of the defenders on the brooks bmt thread, yet they can not prove they are anywhere close to the full time trading dream. I’ve long ditched all of Brooks ideas in my own trading. I no longer care about H1’s and H2’s as there are easily H3’s and more suddenly switching off in the other direction. I agree about the bmt site influence. I know back in the day of bmt long before brooks had a video course and everyone had to slog through the bs swamp of the book. any posts like… Read more »

dtchurn
Guest
dtchurn

” This is in big part imo due to Emmett and Tradingschools successful real vendor review movement; drain the swamp! “. I was referring to where now one can be critical of vendors openly on bmt thanks to TS’s influence. I’ve never seen so many open and allowed to be, about vendor scamming and their tricks on bmt until this year.

Stray Dog
Guest
Stray Dog

Yeah crazy right. You pay your $100 to the site and then you can be banned without any right of reply just for being honest.

Crooked Hillary
Guest
Crooked Hillary

It’s okay if you pay the $$ and download Fat Tails indicators as someone else suggested on another thread and find something that works for you.

Pete
Guest
Pete

Great! And now we can be openly critcal of eachother on here thanks to the low standards of behavior you have set. Bravo, moral exemplar dtchurn!

dtchurn
Guest
dtchurn

what a hilarious grasping at straws from the nincompoop who lowered standards in the first place. completely irrelevant.

Crooked Hillary
Guest
Crooked Hillary

I had forgotten about the H1, H2’s and all that label crap- and all those that need to FOLLOW the rules. Yep buying high and selling low. or magically violating taking breakouts out of congestion. Whoever mentioned Heavens gate- Yep right on there as well. My advances came when I abandoned all the boards. But BMT was really so bad. Ft71 is another guru there and those guys are in cult deepness. Ft71 had a few good webinars on how to create a method and test it- but the folks I know that follow him are going nowhere and basically… Read more »

Stray Dog
Guest
Stray Dog

Oooh Heaven’s Gate just hearing the name makes me check that my balls are still intact.

James
Guest
James

Yeah, I thought it was funny how bobwest commented that “I found some Brooks concepts that worked for me” with emphasis on “for me”. Funny because he has publicly stated that he’s been trading futures for a while now and is still not profitable. I don’t see how he can think it’s working for him if he’s not making money! LOL! He seems like a decent guy and I’m not trying to pick on him but come on that just doesn’t make sense! So amazing that these guys sit in Brooks chatroom where he never makes a trade but at… Read more »

Crooked Hillary
Guest
Crooked Hillary

Bobwest aka Mr Kumbya. Nice guy I am sure but the market doesn’t care.

As long as people are following
someone else with respect to the
market they will never have
success imho.

It is only those that are able to
think and act for themselves – create their own method and
stick to it in tough times that
will make it.

Those people with characteristics by definition will not fit in over at FIO and be booted quickly.

Pete
Guest
Pete

Deny it as much as you want, your breath reeks of Brooks-flavored Kool-Aid.

dtchurn
Guest
dtchurn

lol, it’s the air filled to overflowing from petedetethbrooks.

James
Guest
James

Yeah, Brooks has a full-on cult following and it is no joke. They just keep dancing around the issue with the comments of “track records won’t make you profitable”. That may be true but here it is misdirection designed to steer conversation away from the real issue that is Al Brooks integrity. He is dishonest and using deceptive marketing, and they don’t want to consider that possibility because it would shatter their perfect image of him and their dreams of making a living trading bar patterns for 1 hour a day. Reminds me of that guru who convinced 40-some followers… Read more »

Crooked Hillary
Guest
Crooked Hillary

Here you go- Al Brooks speaking at the next BMT webinar.

2016-11-16_0743al.png
James
Guest
James

LOL! Yep, that’s the guy!

Cyn
Guest
Cyn

Wow. He does really look like a kooky cult leader. smile

dtchurn
Guest
dtchurn

lol, the room actually reminds of a UFO cult waiting patiently at night. looking for a pure Brooks pattern. like…yes, there’s one! nope, false alarm, back to “always in long”…”always in short”…mumbling “com-PU-ters”, squinting at each five minute bar forming..in the bare chart sky.

James
Guest
James

Wow, it looks like Mike is going to have Al give some kind of answer to all of this at his webinar next month. That could be interesting. But since it will probably be potential Brooks cult member tturner moderating the webinar I hope that won’t mean some easy softball question. Mike has been highly critical of anyone using the “it’s illegal to disclose performance” excuse, so perhaps that has something to do with his decision to ask Al directly. I figured he was hoodwinked into the Heavens Gate Trading Club but maybe I was wrong! And Mike doesn’t even… Read more »

dtchurn
Guest
dtchurn

Mike only recently this year started to try to be more critical of disclosing performance. Before that, he hardly bothered with performance especially from favored vendors such as ft71. That’s why Felton and jaguarEd could last as long as they did. He was only reactive when someone caught Jag with his bogus sim mistakes not matching what was in his room. The vendor section is different from before Tradingschools started taken over the scene with honest and non-fake shilled reviews. Often prior to TS if a member complained about a vendor and wanted proof either Mike or other flavor members… Read more »

Pete
Guest
Pete

Brooks could easily have surpassed Schooloftrade in terms of trading-vendor income if these figures are correct.

dtchurn
Guest
dtchurn

What a delusion. I’m afraid you’re far alone on this gollum.

dtchurn
Guest
dtchurn

The CFTC will laugh and see the lone complaint about Brooks. Hint: not even filed at this date. And see oh yeah, it’s the petedetithbrooks guy!

Pete
Guest
Pete

Victims of Al Brooks, do not be discouraged, your voices will be heard by the CFTC! Please submit your complaints to the CFTC http://www.cftc.gov/consumerprotection/redressreparations/index.htm with documented evidence of Al’s lies, evasions and list the damages caused from your live trading of his 5 minute day trading system, which Al apparently does not partake in with real money, even though he can afford the risk, we can’t, the lemmings Al goads off of the cliff. Do not be discouraged by Al Brooks shills like dtchurn, submit the complaint against Al Brooks immediately! http://www.cftc.gov/consumerprotection/redressreparations/index.htm

dtchurn
Guest
dtchurn

Go ahead and file if you feel if you have real case against Brooks.
No need to worry about me. I’m no shill. Just pointing out the douche who tags my posts.
http://www.tradingschools.org/reviews/al-brooks-trading/#comment-10924

Pete
Guest
Pete

There is no tagging.This isn’t twitter, are you demented?

dtchurn
Guest
dtchurn

observe watchfully the demented ptb tagging along looking for scraps.

Pete
Guest
Pete

There you go tagging my posts again after I implied you never should tag my posts again. The audacity and unoriginality of you to dare tag MY (copyrighted) posts fills me with vitriol.

dtchurn
Guest
dtchurn

I told you to shut it and stop tagging me back in mooktrader. Stop lying about it.

Pete
Guest
Pete

I implied I don’t want you to tag my posts.

Warrior Spirit
Guest
Warrior Spirit

Lot of emotions going on here.Please let me bring some rationality here. Firstly,remember this review is written by a person who previously wrote a good review on Topsteptrader because he’s indirectly getting money by doing so.Later changed his mind on a 2nd review while openly admitting his previous motives. Although I appreciate such courage,I don’t believe in cheap trust.If trust is once lost,it’s lost.Statistically saying,human beings are prone to repeat things over-sooner or later. Secondly,I can feel that Emmett probably had not committed enough time & effort to be able to dismiss his methodology.For example,I’ve a genius IQ yet it… Read more »

Winter Is Coming
Guest
Winter Is Coming

You have a genius IQ, yet your grammar and punctuation are abysmal. Correct grammar, punctuation and capitalization is the difference between “Helping Uncle Jack off a horse” and “Helping Uncle jack off a horse.”

Just saying.

Warrior Spirit
Guest
Warrior Spirit

English isn’t my first language-I guessed it was evident in my post if anyone applied general observation,so I need not to mention it.

Pete
Guest
Pete

WarriorSpirit, what do you think of Al’s webmaster RichardHK’s lying to Al Brooks’ clients in Asia? In the links I clearly showed he misrepresented himself as one who day trades for a living in contrast to his Linkedin profile where trading is listed as a hobby with movies and chess. Thank you for confirming that Al Brooks manipulates people into thinking he is an extremely succesful trader without providing any evidence outside of his assumptions based on his convoluted trading method and assumptions derived from his personal background. The facts will be known soon, there is now probable cause for… Read more »

Warrior Spirit
Guest
Warrior Spirit

I’ll be delighted if Al’s records get published. We traders bet on probability, I think there’s 62% chance-he’ll have outstanding record,20% chance-he’ll not,18% chance-we won’t be able to make him publish his records. That being said,it doesn’t mean I’ll take part in exposing himself. If Richard’s present occupation isn’t trading then he’s lying for shorter term benefits (driving naive new traders to believe in what they sell).But I consider other subtle factors.For example, I remember I viewed such hedge fund manager’s linkedin profile where they mentioned trading as hobby. I don’t know if it’s a Richard Branson’s way of taking… Read more »

Pete
Guest
Pete

RichardHK was giving advice to buy Al Brooks’ course on Futures.io without disclosing his business interest in running Brookstradingcourse.com, I thought it was friendly and unbiased advice from someone who found something that worked. RichardHK “formally a professional engineer and general manager with the electric utility business. Now trading for a living, Richard has been Al Brooks’ developer and manager since 2012 for Al’s BrooksTradingCourse.com website.” How can you trade for a living if you’re a managing director of an internet marketing firm and working for Al Brooks? Look at the types of hobbies, disruptive technology, movies, astronomy, intraday trading,… Read more »

toto
Guest

Warrior Spirit you make no sense and you clearly defend Al..you probobly work for Al..just be quiet…youve been exposed shill!

Winter Is Coming
Guest
Winter Is Coming

Let’s clean slate and re-frame for a second. Fundamentally, Al has rebranded many existing Price Action pattern/movements and written about them in his own information overload manner. For some reason he got labelled as the inventor. Far from it. I therefore don’t believe everything Al Brooks has written about is horseshit. He is just regurgitating existing information that is there for all to find should they wish to seek it out. There were two points to the original review. The first was to find out if the teachings and methods Al Brooks uses were translatable to being a successful trader.… Read more »

Pete
Guest
Pete

Al Brooks says.” [the NFA] told me that I cannot make trade recommendations, I cannot discuss my trades or trading results, and I cannot answer specific questions about particular trades that anyone has taken or contemplates taking. However, I can publish my reading of charts and I can discuss trades and management in general terms. Is this a lie he has been hiding behind since 2009 or is this a true NFA limitation on non-CTAs? This will be the determing factor in the possible success of the CFTC case against Al Brooks.

Winter Is Coming
Guest
Winter Is Coming

I have a contact at the NFA. She is great and given me information on Al that is available to the public. Unfortunately I can’t discuss everything else she found out about him because that isn’t freely available… BROOKS ALBERT LEVEILLE MD NFA ID: 0233748 NFA ID: 0233749 The business address back then was registered here: 7095 TURNER DR LOOMIS, CA 95650 UNITED STATES (916) 791-3503 He was also registered back in the day doing business under MST INVESTMENTS He only had NFA membership for 4 years (1990-1994) but it is plausible that he is trading/traded through a different company… Read more »

Pete
Guest
Pete

I am shocked Dr. Brooks never mentioned he traded or head dealings with an investment corporation during 1990-1994. In fact,he claims he lost money as an independent trader for the first ten years of trading beginning around 1987. The implied image of Dr. Brooks conveyed in his books is that of a devoted stay-at-home dad and independent (non corporate) professional day trader who resides in California and handles CA’s high income tax rate due to his exceptional chart reading and trading abilities. MST Investments from 1990-1994 with the owner listed as Samir Toma https://www.corporationwiki.com/California/San-Diego/mst-investments-inc/41948113.aspx and possily sold to a Danny… Read more »

toto
Guest

can someone check if under that address ever lived a Al Brooks aka Leveille…
someone found out his address before on ET in Cali and it was a 1 bedroom shack…and this was around 2013.. so how did he go from a Million Dollar Mansion to a tiny 1 bedroom shack? so many questions arising about this guy as he keeps getting exposed

these scammers will often show expensive Mansions that arent even theirs

Traderme
Guest
Traderme

Your comment is so off track that is ridicoulous. Al did never ever show any expensive mansion. In fact he doesn’t do any marketing at all except a speech once a year.
You can google maps above address it is for sure not a 1 bedroom shack.
God, these people here are so diluded in their hatred.

dtchurn
Guest
dtchurn

so much hatred they start posting to themselves.

Pete
Guest
Pete

I am not toto. Stop trying to discredit critics of Al with personal attacks and vindictiveness, let the evidence speak for itself and wait for the CFTC complaints and investigation to take their course, you’re trying to unfairly sway the public opinion in favor of Al Brooks and you know it.

dtchurn
Guest
dtchurn

sure you are. You’re the one whose vindictive. I told you stop tagging my posts two reviews ago. I have said Brooks is a scam, just that like Emmett says, “Al Brooks is certainly not going to qualify as one of TradingSchools worst educators. Not even close.”

Pete
Guest
Pete

Excuse me , you’re not publishing in an academic journal, anyone is allowed to comment on a string of comments regardless of who else made preceding comments, ideally without fear of being flamed for simply commenting.

dtchurn
Guest
dtchurn

what? flamming? who’s the one who followed me across reviews? the first to prove his gollum snarky self. then went into cesspool territory

James
Guest
James

Keep digging for info guys. Let’s find out the truth about this guy.

His ex-wife’s name is Kay and she is a lawyer in Sacramento. I wonder if she’d be willing to share what she knows of Al’s history as a trader.

Traderme
Guest
Traderme

Why did you not ask your contact about the legal situation? I already posted above that I think there is in fact a possiblity that advertisement with true p&L statements are indeed misleading and forbidden because customers cannot replicate them.

Dave
Guest
Dave

I understand that you think it is forbidden.

Can you point out any rules or regulations that would forbid it or are you just guessing because you want to believe. Seriously, anything.

Rob B
Guest
Rob B

“advertisement with true p&L statements are indeed misleading and forbidden”

Man at some point you have to realize you are posting complete nonsense.

Saying the Truth is Forbidden. Give me a break!! What is forbidden is FRAUD. Lying about your results like Open Range Trader. No one is going to jail for posting their honest true trading account.

Now if he said I guaranty you could get the same results I did that would be misleading.

Winter Is Coming
Guest
Winter Is Coming

Don’t worry Rob, the truth never goes away. I just find it amazing that some FIO users (Big Mike’s lapdog for one) are only ‘thanking’ pro Al posts, or posts that are derogatory to the original poster for even asking the question about Al’s trading in the first place. One user actually called FIO hypocritical for allowing Al to do webinars with no proof he trades. This probably hasn’t gone over well at all. I am sure Big Mike will wade in shortly and tell everybody to move on. I am sure he will mention how popular Al Brooks is… Read more »

Stray Dog
Guest
Stray Dog

“I’ve a genius IQ yet it took me nearly 3 months to understand his concepts at an moderately efficient level.I suspect,it may take years for some & for some-it may remain impossible.” It takes members of the church of Scientology years to understand those teaching. You wanna know why? Because it’s absolute and unadulterated bullshit. If something like a trading method is so convoluted that you need a genius IQ and months of study to understand it then it’s very probable that it’s bullshit too. “Reading Al’s materials for enough time,I can see the man behind.Shy,ethics bounded & somehow frightful.”… Read more »

Warrior Spirit
Guest
Warrior Spirit

Al’s method isn’t for everyone.There are many ways to milk the cow.One will always find other easy & not in depth alternatives. There’s a common tendency for general people to think that if rocket scientists are joining hedge fund,trading must require genius.In my opinion it’s not.I know a few old,wrinkled traders from past golden days of pit trading-they’re simple human beings with lot of experience. While it’s true anyone with enough grit can be a very good trader,being a genius will cut the time & other factors vastly. As for time needed,I take trading seriously & aspire to make it… Read more »

Stray Dog
Guest
Stray Dog

@Warrior Spirit you sound like a perfect student for Al Brooks. Endless amounts of mumbo jumbo nonsense that follows a twisted path of illogical, irrelevant references to anything other than the challenges that have been presented to you about your statements “promotions” about Al Brooks.

Rob B
Guest
Rob B

“For example,I’ve a genius IQ yet it took me nearly 3 months to understand his concepts at an moderately efficient level.I suspect,it may take years for some & for some-it may remain impossible.” That statement is con artist BS 101. That is what they teach in the first day of running a con artist trading room. Just tell the students they will have to work hard, but eventually they will get it. Sounds great, but in reality just a scam to keep you paying more and more. BTW genius IQ, my guess is you are more than likely a member… Read more »

Warrior Spirit
Guest
Warrior Spirit

As I said,further discussions will not be fruitful.Positive & negative side-both sides have already their reasons. I believe you didn’t notice,but I wasn’t selling anything here.I don’t care about being a member of anything.Trading is about learning about myself & Mr. Market,once needs a baseline knowledge of market-from there he needs to build more experience by putting in the hours. Good traders know the last thing they want to do is give away their edge-market knowledge.I never understood why successful traders give away their market view,they’re just making their edge minimized.No one will be glad if Al & other valid… Read more »

Rob B
Guest
Rob B

You are promoting Al Brooks, a self proclaimed profitable day trader who like all the other Trading Room operators show no proof of their claims. Maybe you missed the Regulators finally cracking down on these con artist such as Open Range Trader. There is no difference in these con artist from Bernie Madoff. There are plenty of sites such as Invest-o-scam-u where shills can promote con artist trading rooms, but this is the first site that calls them out and says, “Put up or Shut Up”. Too many people have been scammed out of money by this industry. Your comment.… Read more »

Warrior Spirit
Guest
Warrior Spirit

I want to be clear-I’m not promoting Al or anyone here.I’m not saying anyone should join his room or buy his course/books. I’m just expressing my opinion as others did.After spent my due effort,I found Al’s knowledge to be of value for my trading.Here it seemed much adversary is going against Al that doesn’t seem fair to me-so adding my 2 cents. Probably you’re looking for signs of me promoting of anything.I remember,as a child I used to play the game-seeing the circle.I began to take notice of anything circular around my environment & soon enough boiled oval egg in… Read more »

Rob B
Guest
Rob B

Warrior Spirit, I give you credit you are a good writer and your subtle approach of promoting AL is a brilliant approach to promote but seem genuine. The problem is you could do the same for any con artist. What you are doing is easy. I can not repeat this enough. What is hard is showing proof of your claims and that is the problem. You can distract all you want, but the facts do not change. Al Brooks has shown ZERO, NO, NADA, NEIN (is there another language you understand better) evidence he trades live or can trade profitably.… Read more »

Mark Johnson
Guest
Mark Johnson

I am new to this site and came here on the recommendation of a third party. I have been trading most of my life in a professional capacity. I don’t know much about trading education so I cannot comment about Al. That being said, what trading planet did you people just step off of? wtf? Rob B seems unable to scalp futures? Options? (I don’t know what he trades) So he has decided that no one else can scalp either. Come on up to the Merc and meet a whole army that scalps profitably. (I assume scalping is holding less… Read more »

GemBow
Guest
GemBow

“Those who needs a reason to hate Al-will always find one.”

Those who don’t a real-money account statement of real-time trades will never provide one.