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Welcome to Al Brooks' trading website. This site is run by a community of traders that follow Al's price action trading methods. We have recently negotiated with Al for a daily webinar at a very reasonable price. I hope you will consider joining. Check out the link to the right.
You can move around the website by using the Board Navigation menu to the left. (You must register to have full functionality) See the Forums for the most recent updates. Al receives lots of emails and cannot answer them all. Check the Trading FAQ for answers to the most common trading questions. To learn about how Al trades, start with the Trading Articles on the left. For help with registering and getting around on this website check out the Board FAQ. |
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| Welcome |
 I am Al Brooks, MD, and I daytrade E-mini futures, stocks, and options for a living.
In 2009, Wiley published my book, Reading Price Charts Bar By Bar: The Technical Analysis of Price Action for the Serious Trader. I have also written many articles for Futures Magazine and have been the keynote speaker at several of their online webinars. Wiley has now released my three new books. They go into much more detail about trading and how markets work, and I had a trader proof read all 540,000 words to make sure they were clear and much easier to understand than my first book. You can read about them here.
Although I consider myself to be a trading hermit, I enjoy sharing my ideas as a technical analysis contributor to Futures magazine, as an occasional presenter at in-person events and webinars, and in my live market commentary and daily chart analysis updates. My first book, Reading Price Charts Bar By Bar, was a best seller for Wiley in 2009. Although authors of trading books make little money from the books, I personally loved trying to articulate what I see and do every day. Wiley has now released my comprehensive, 540,000 word, three volume set:
Trading Price Action TRENDS
Trading Price Action TRADING RANGES
Trading Price Action REVERSALS
One of the most important reasons for providing real-time analysis every day is that I am learning how better to express in words what I have been doing instinctively for years. I wrote the first book in about a month with the goal of simply writing a book as a project. My goal is now different and I wrote the new series of books in a way that will be much easier for readers and much more helpful to traders. Speaking every day has helped me a great deal as have all of the comments I have received from readers of the book and attendees in the daily webinars. I feel as if it is a group project and we share the common goal of having a book (in this case, a three book set) out there on price action that is comprehensive and easy to read. I am very happy with how the books have turned out. I told Wiley that I want them to be in a larger format, about 7.5 by 9 inches, and that all of the commentary about a chart has to be immediately beneath the chart. They will again put all of the charts on their website in a format that will allow readers to zoom in as needed.
The book has a lot of information, too much to repeat here, so I often will refer to it on this site even though you may not understand all of my posts without reading the book. I do not want to become a CTA and therefore need to restrict what I publish on this site. The National Futures Association has 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, educational terms.
With my three daughters now on their own, I have had the time necessary to undertake such a large project, and the books have given me something fulfilling to do with my now much more open schedule. These new books provide a very detailed analysis of how markets work and how to trade them. Every tick on every chart is important and sometimes even the smallest movements portend large swings. There are buyers and sellers above and below every bar, and the key to successful trading is knowing when one side is likely stronger. The edge is always going to be small in trading because there are smart people who believe the exact opposite of you. However, by understanding price action, traders can find many examples on every chart, whether it is an intraday or daily chart, where there is a mathematical advantage to buying or selling. I enjoy sharing my experience, and hope that others might find it helpful.
While I find it entertaining to post here and I enjoy helping other traders, I may not continue it long-term. The members of the site have contracted with me to provide a daily webinar on a month-to-month basis. See this thread for more details on the history of this website. I enjoy writing and in addition to the trading book and articles, I have published about 30 scientific articles during my days as an ophthalmologist. |
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| Recent Topics |
» Looking for Al's I-trade Webinar "Using Wedges"
by kaatrader on Sat Jan 28, 2012 1:27 pm
» BigMikeTrading.com webinar with Al Brooks on January 24th!
by kaatrader on Thu Jan 26, 2012 3:53 am
» New York Trader Expo with Al Brooks - Monday February 20
by JRL on Wed Jan 25, 2012 6:27 pm
» Free Daily Webinar on 1/25/12?
by RichardHK on Wed Jan 25, 2012 3:52 am
» Free Access to Wednesday's Daily Webinar!
by BPAAdmin on Tue Jan 24, 2012 7:21 pm
» Al .. "if question not answered, post in room"
by bend on Wed Jan 04, 2012 5:54 pm
» Al speaking at Dallas AFTA, Tuesday, February 21, 7pm
by BPAAdmin on Wed Jan 04, 2012 8:53 am
» New York Trader's Expo 2012
by Tarato on Fri Dec 30, 2011 1:29 pm
» How to ask questions during webinar?
by BPAAdmin on Fri Dec 23, 2011 12:52 pm
» Al Brooks at the 2011 Las Vegas Trader Expo! (updated 10-19)
by petr11 on Mon Dec 12, 2011 12:04 pm
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