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Brooks Trading Course
Price Action Fundamentals
121 videos, 57 hours 31 minute
The Brooks Trading Course is the most comprehensive source of information on reading and
trading price charts. The Price Action Fundamentals sections explain basic chart reading, and
well as how and why markets move. Markets are constantly in search of the current fair price,
which is always changing. That price is the result of countless variables, and most of them are
unknowable, even to very successful traders.
Every market probes up and down to discover how far is too far, which then becomes support
and resistance. Once traders understand this and how to spot logical support and resistance
levels, they are in a position to begin trading. They also need to learn to watch for certain chart
patterns where the probability, risk, and reward give traders an edge. Traders are then ready
to study the 2nd part of the course, How to Trade Price Action.
PA Fundamentals videos completed
Click on chapter titles below to open/close tables.
 Scroll down for How to Trade Price Action course videos.
 
Getting Started (01-07)
 15 videos, 5hr 43min
 
Charting Analysis (08-11) *New video 11C*
 13 videos, 6hr 15min
 
Market Cycle (12-18)
 33 videos, 16hr 20min
 
Support, Resistance, and Basic Patterns (19-29)
 34 videos, 15hr 56min
 
How to Trade Prerequisites (30-36)
 26 videos, 13hr 18min
 
Course Progress Listing — Price Action Fundamentals
 
How to Trade Price Action
72 videos, 38 hours 18 minutes
Every market is constantly probing up and down. Traders have to assess whether a probe is
too far or not far enough. If a trader believes that the market will go further, he will enter with
a stop, betting that the breakout beyond that last bar will be successful. If he instead believes
that the breakout above the last bar will fail, he will sell at the high of the last bar with a limit
order. Knowing how to read charts gives traders a basis for buying or selling above or below
the last bar.
Traders need to recognize inflection points. These are times when the market is deciding
whether to breakout or reverse. They allow traders to enter with tight stops, and therefore
have the smallest risk.
During 10% of the bars on every chart, the market is breaking out and this breakout will be
the start of a trend. Breakouts provide the highest probability of profit, but risk/reward ratio is
bad. Traders need to understand how to trade breakouts, learning where to take profits and
how to trail their stops.
During 90% of the bars on every chart, a trader can make money by buying or selling at any
moment if he manages his trade correctly. The key is to understand trade management.
Traders also have to understand how to handle mistakes. Most mistakes are due to taking a
bad entry or managing a good entry poorly. However, most trades have at least a 40% chance
of failing. A trader has to know what to do when a trade is not doing what he expected. When
do you decide that your premise is now wrong and your trade is bad? What do you do once you
decide you are in a losing trade?
How to Trade PA videos completed
Click on chapter titles below to open/close tables.
Trading Price Action Patterns (37-42) *New chapter 41A*
 22 videos, 11hr 44min
 
Trading Channels & Ranges (43-47)
 22 videos, 12hr 30min
 
Trading Different Times of the Day (48)
 11 videos, 5hr 6min
 
Swing and Scalp Trading (49-50)
 11 videos, 6hr 8min
 
Managing Losses (51-52)
 6 videos, 2hr 50min
 
Course Progress Listing — How to Trade Price Action
 
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