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Al Brooks

Al Brooks
futures.io (formerly BMT) Webinars:3

Al Brooks, MD (Sacramento, CA) is a professional trader and technical analysis contributor to Futures Magazine, where they refer to him as "the trader's trader." He has developed his approach of reading price charts over 27 years since changing careers from eye surgery (ophthalmology) to trading. Al graduated from the University of Chicago School of Medicine, and taught eye surgery at several university teaching hospitals. He is most known for his best selling trading book, Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader.

Contents


[top]Brooks Method
Al Brooks primarily trades the ES (S&P 500 Futures Contract) using a 5 minute chart with no indicators other than an EMA 20. He also trades Forex markets, bonds, crude oil, gold, stocks, and options.

He pays particular attention to how the market responds to support and resistance, and he teaches traders to look for measured moves and trend channel line support that they might not otherwise consider. Breakouts and failed breakouts happen all day long and offer trades in either direction once they learn to determine how likely a breakout is to succeed or reverse. Learning to assess buying and selling pressure is very helpful in making that determination
[top]Al Brooks - Reading Price Charts Bar by Bar
Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader - Amazon.com



Al's first book Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader was published by Wiley (May 4, 2009) and is available in Hardcover (432 pages).

Throughout these pages, some of the most useful tools for deciphering price action are covered in detail, including:
  • Trendlines and trend channel lines
  • Prior highs and lows
  • Breakouts and failed breakouts
  • The size of bodies and tails on candles
  • The relationship between current bars to prior bars
  • And much more
[top]Al Brooks - Trading Price Action Trends
Trading Price Action Trends: Technical Analysis of Price Charts Bar by Bar for the Serious Trader - Amazon.com

A practical guide to profiting from institutional trading trends

The key to being a successful trader is finding a system that works and sticking with it. Author Al Brooks has done just that. By simplifying his trading system and trading only 5-minute price charts he's found a way to capture profits regardless of market direction or economic climate. His first book, Reading Price Charts Bar by Bar, offered an informative examination of his system, but it didn't allow him to get into the real nuts and bolts of the approach. Now, with this new series of books, Brooks takes you step by step through the entire process.

By breaking down his trading system into its simplest pieces: institutional piggybacking or trend trading (the topic of this particular book in the series), trading ranges, and transitions or reversals, this three book series offers access to Brooks' successful methodology. Price Action Trends Bar by Bar describes in detail what individual bars and combinations of bars can tell a trader about what institutions are doing. This is critical because the key to making money in trading is to piggyback institutions and you cannot do that unless you understand what the charts are telling you about their behavior. This book will allow you to see what type of trend is unfolding, so can use techniques that are specific to that type of trend to place the right trades.
  • Discusses how to profit from institutional trading trends using technical analysis
  • Outlines a detailed and original trading approach developed over the author's successful career as an independent trader

If you're looking to make the most of your time in today's markets the trading insights found in Price Action Trends Bar by Bar will help you achieve this goal.
[top]Al Brooks - Trading Price Action Reversals
Trading Price Action Reversals: Technical Analysis of Price Charts Bar by Bar for the Serious Trader - Amazon.com

A detailed guide to profiting from trend reversals using the technical analysis of price action

The key to being a successful trader is finding a system that works and sticking with it. Author Al Brooks has done just that. By simplifying his trading system and trading only 5-minute price charts he's found a way to capture profits regardless of market direction or economic climate. His first book, Reading Price Charts Bar by Bar, offered an informative examination of his system, but it didn't allow him to get into the real nuts and bolts of the approach. Now, with this new series of books, Brooks takes you step by step through the entire process.

By breaking down his trading system into its simplest pieces: institutional piggybacking or trend trading, trading ranges, and transitions or reversals (the focus of this book), this three book series offers access to Brooks' successful methodology. Trading Price Action Reversals reveals the various types of reversals found in today's markets and then takes the time to discuss the specific characteristics of these reversals, so that you can use them in your everyday trading endeavors. While price action analysis works on all time frames, there are different techniques that you can use in trading intraday, daily, weekly and monthly charts. This, among many other issues, is also addressed throughout these pages.
  • Offers insights on how to handle volatility and sharp reversals
  • Covers the concept of using options when trading certain charts
  • Examines how to deal with the emotions that come along with trading

If you're looking to make the most of your time in today's markets the trading insights found in Trading Price Action Reversals will help you achieve this goal.
[top]Al Brooks - Trading Price Action Trading Ranges
Trading Price Action Trading Ranges: Technical Analysis of Price Charts Bar by Bar for the Serious Trader - Amazon.com

Over the course of his career, author Al Brooks, a technical analysis contributor to Futures magazine and an independent trader for twenty-five years, has found a way to capture consistent profits regardless of market direction or economic climate. And now, with his new three-book series—which focuses on how to use price action to trade the markets—Brooks takes you step by step through the entire process.

In order to put his methodology in perspective, Brooks examined an essential array of price action basics and trends in the first book of this series, Trading Price Action TRENDS. Now, in this second book, Trading Price Action TRADING RANGES, he provides important insights on trading ranges, breakouts, order management, and the mathematics of trading.

Page by page, Brooks skilfully addresses how to spot and profit from trading ranges—which most markets are in, most of the time—using the technical analysis of price action. Along the way, he touches on some of the most important aspects of this approach, including trading breakouts, understanding support and resistance, and making the most informed entry and exit decisions possible. Throughout the book, Brooks focuses primarily on 5 minute candle charts—all of which are created with TradeStation—to illustrate basic principles, but also discusses daily and weekly charts. And since he trades more than just E-mini S&P 500 futures, Brooks also details how price action can be used as the basis for trading stocks, forex, Treasury Note futures, and options.
[top]Al Brooks - Brooks Trading Course
Al's 36 hour video course is divided into 53 modules so that traders can study one area at a time. The first 33 videos are on Price Action Fundamentals, with the remaining 20 videos focused on How to Trade.

Traders do not have to know everything to make money, although the more they know about how to trade, the more money they stand to make. Find something that works for you and that you can trade comfortably, then stick with it and build from there. There is no hurry. The goal is to get good. Getting there fast is less important.

You can read more on the Brooks Trading Course website Course Contents page.
[top]Webinars
Al has presented seven webinars on futures.io (formerly BMT) for our anniversary (1-year and 2-year respectively), two Elite members webinars, and five public webinars up to May 2016. Here are links for all:

Webinar - June 21 2010
Webinar - June 29, 2011
Webinar - January 24 2012 (Elite only)
Webinar - June 26, 2012: Trading channels.
Webinar - January 14, 2013: Probabilities, timing, and scaling.
Webinar - June 5, 2013: Anticipating the next trade.
Webinar - May 3, 2106 Distinguishing-ranges-trends-continuations (elite only)
[top]Links
[top]References

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