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Price Action

Why No Indicators?

Traders Starting Out

Swing and Don't Scalp

The Mathematics of Trading

Extreme Scalping

Best Time to Trade

Daytrading ETFs and Stocks

Globex 24 Hour

Bonds and Notes

Forex

Options

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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.

I am Al Brooks, MD, and I daytrade E-mini futures, stocks, and options for a living.

Wiley recently published my book, Reading Price Charts Bar By Bar: The Technical Analysis of Price Action for the Serious Trader, and I have written many articles for Futures Magazine and have been the keynote speaker at several of their online webinars.

On a personal level, I really want to make the book the best it possibly can be and I am in the process of a major revision for the second edition. 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 edition in about a month with the goal of simply writing a book as a project. My goal is now different and I think that I can rewrite the book 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 out there on price action that is comprehensive and easy to read. I am very happy with how the second edition is coming and I am eager for Wiley to release it sometime next year. I have told them that I want it to be in a larger format, about 8 by 11inches, and that I want all of the commentary about a chart to be immediately beneath the chart and on the same or facing page.

I find it entertaining to post here and I enjoy helping other traders but 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.

Incidentally, I make very little off of the book so please do not feel compelled to buy it. I have included the link in case you wanted more information about the book and were thinking about buying it. 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 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 and management in general terms.

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. Back then, my name was Albert Leveille, MD, but I changed it to Brooks because it was just too difficult for my patients, many of whom were elderly.

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