I received the following email from Barry recently, and since it was one of the most positive and constructive pieces of feedback I have ever received for the Price Action Engine, I just had to ask Barry if I could publish it. He kindly consented, and so I publish it here in full, without any edits on my part.
I often get asked questions regarding the Price Action Engine, and though I am happy to answer them, I sometimes feel that the questioner would like me to go into some other detail, but I’m never quite sure what that is. I guess what we all want in a testimonial, is an honest appraisal from someone who has clearly and fully experienced the product they are appraising. I think the following email covers that, and should be of interest to anyone who wants to know more about the Price Action Engine.
Please let me know what you think in the feedback section at the bottom of this page, because it’s only your thoughts on the matter that can help me to provide better service in the future.
And I wish you all the very best in your trading for 2017!
I have just recently completed your Price Action Engine course and it has been such a huge benefit to me that I just wanted to say thank you for developing the course and making it available at such an affordable price.
There are many trading education courses covering such a large range of subject matter, including some specifically related to trading Forex (I know – I have invested in several). Some of these are many thousands of dollars and though they do provide a lot of information none of them were focused on the most important “Core” issues – What drives price action itself and Where do I look for potential trade entries.
So hope this email is not too long winded and provides honest feedback to you of what benefit the Price Action Engine course has been to me.
I am very careful and patient by nature (and hence spend more time than many making sure I am confident with what I intend to do before putting it into operation) – but I do believe that my patience and discipline and ability to strictly adhere to a set of rules should make my path to becoming a successful trader easier.
Completing your course has really helped me with what I needed to crystallise my learnings to date into what will become my first proper trading strategy (and though I have only gone through the Price Action Engine modules once so far, I will again look at several modules repeatedly)
As background information what follows is a little bit about what stage I am at and forms the basis of why I enjoyed your Price Action Engine course so much but also what I would like to provide is honest feedback for anyone who is trying to decide which courses to invest in (in the hope that it will help others in their decisions of what course to undertake – as I have often found that no matter what introductory material is provided you usually don’t get to see what the real meat of a course is until you have purchased it).
Before taking the Price Action Engine course I had already come to the belief that it was price action itself that was the most important thing to watch but I did not have a grasp of why, or what I needed to focus on to be able to take advantage of it – I was only looking at the actual structure of the chart. I did not take pivots into account – only support/resistance, round numbers and sometimes trendlines (and though I used indicators it was more to identify a potential warning signal such as a MACD or RSI divergence against price action)
I did not know that I could use a tool such as your PALEO indicator to look into the future and identify potential trade entry zones.
I also only use Fibonacci numbers in confluence with what I call another higher level signal such as A Round number, A key support/resistance level (and now pivots).
Its a bit silly of me to not have taken as much notice as it looks as though I should have of the importance of pivots.
I also only use candlestick signals from the group that you have shown in your supporting information – and like a hammer or gravestone/dragonfly doji and tweezers in particular (though I do also look and see if 2 or 3 candles would “Effectively” be one of these signals) – though I do use the confluence of signals as the “zone” of entry I do also prefer candle setups that offer tighter stops.
I have been “testing” and experimenting with a number of different platforms and over the last 4 to 5 years but I did not use a tool such as your Trading Log to properly document the trades (so I have had a fair amount of experience trading stocks and commodities as I thought these would be “safer” than forex – the reality appears to be that as Forex is so liquid my fears of trading forex were unfounded.)
I also traded using CFD platforms not Metatrader because of this.
I am sceptical about the multitude of “Free” courses – and particularly signal services that are available. I was born with a conscience and much prefer to pay for a course that I can see the opportunity to learn something from – I am also a firm believer that I will always derive some benefit from an investment in knowledge – even if it is something I have seen before, sometimes hearing it from another person with the information delivered in a different way can make the difference.
So that little summary was intended to put into context what stage I am at in my trading so the following statements are as useful to you as feedback as possible.
My feedback is:
Issue 1. Delivery of the actual course material
I was very pleased with the way in which you delivered the course.
Your diction was at a pace which I could easily follow and was clear and concise to cater for people at any level.
I found I was able to easily understand the intents of the messages being conveyed and felt that the messages displayed sincere genuineness (don’t know if that’s grammatically correct).
Issue 2. The Price Action Course itself was not what I had a mental picture of it being…
– The introductory course videos gave hints towards how to trade Price Action but I had mistakenly perceived its core would be more likely to be technical analysis of price structures. I am so pleased with what the content actually is and the level of understanding it has provided me with what the really important criteria are.
This course is one that sits outside the types of courses that are available which usually relate to technical analysis of trend following or reversal strategies.
The Price Action Engine course is unique and provides a clear understanding of what moves markets, and why, at key levels – Your PALEO indicator provides an actual mechanism which I can incorporate in my trading plan to identify potential trade entries.
The course has clearly conveyed the message to me of what the core components of my trading strategies should look like.
Issue 3. Example trades
I really liked the fact that you showed several trades that either didn’t work out or were exited or stopped out before realising their potential – I learned far more from these examples than I ever have from seeing the usual perfect examples of what to do – learning what not to do provides much more important knowledge.
Issue 4. Bonus materials
I had been using CFD trading platforms in trying out different platforms to trade from.
I had not used Metatrader before (as I was not focused on forex).
I have now opened an MT4 trading account so I can use your indicators and will now refine my trading strategies around the PALEO indicator signals as key entry signals. I will continue to look for trades that have a confluence of signals (rest assured I will complete a series of backtests of a shortlist of major currency pairs and the fact that I now have your bonus Trading Log gives me the right tool to complete this properly).
Issue 5. Support
It is really pleasing to have email support offered (and I have already seen that you are true to your word and do respond promptly).
For me it is important to ensure I am able to be able to apply the new indicators and get everything set up promptly to be able to derive the benefit from it.
My key take away from completing the Price Action Engine course:
I believe your course has provided the missing ingredients for a recipe that I needed to allow me to not only bake the cake, but have confidence the cake will turn out alright.
I now have the confidence to use the methodologies outlined in the course as the basis for my trading strategy/strategies.
Though I know that the strategies can be applied across higher time frames, what would be of additional benefit to me is feedback as to whether there are any particular nuances of trading the 1hr and 4hr charts rather than the 5 minute charts per your examples.
My next steps are now:
1. To become familiar with the MT4 trading platform and loading your indicators on this and becoming competent in the use of the MT4 platform and how to customise and use your indicators.
2. To become familiar with the additional resource tools you provided.
3. To adapt my trading plan to incorporate what I have learned from this course and fine tune my trading strategies (I am a swing and position trader – so I will have continuation and reversal strategies – and I can really see the benefit of the ease of identifying ranging market and potential breakout trades, from the key levels. I will initially continue trading the higher time frame charts but can see myself eventually moving down to 15 and 5 minute charts also.
4. To backtest a shortlist of major currency pairs against these trading strategies.
5. I will then get on with trading once the backtesting is complete (note, as I have already completed many trades I am comfortable with trading at Micro account level to start with).
Erron, Sincerely, thank you very much for your help on my trading journey.
I am so pleased I came across AuthenticFX and Price Action Engine and I very much look forward to keeping in contact and continuing learning with you.
And all I can say is, “A Very Big Thank You, Barry!”
So, if you want to take a closer look at the Price Action Engine here is the link:
Take Care & Trade Well,