Al Brooks

Al Brooks
is a renowned professional trader and author known for his comprehensive and rigorous approach to Price Action Analysis, which involves reading charts bar-by-bar without the use of lagging indicators. His methodology is widely followed by day traders, particularly those trading the E-mini S&P 500 futures, Forex, and stocks.

Core Methodology & Concepts
Bar-by-Bar Analysis: Brooks emphasizes that every bar on a chart provides information about the ongoing battle between buyers and sellers.
Market Cycles: He divides market behavior into two main phases: Trends (strong breakouts or channels) and Trading Ranges.
Indicator-Free: His approach relies solely on price action, candlesticks, and trendlines, viewing traditional indicators like RSI or MACD as lagging and often misleading.
Key Patterns: Common setups include Wedges, Double Tops/Bottoms, Failed Breakouts, and Second Entries (entering on a second attempt to resume a move).
"Always In": A concept where a trader determines if the market is currently in a state where they should be long or short at any given moment.

Primary Web & Educational Resources
Brooks Trading Course: The central hub for his teachings, offering over 100 hours of video content across 52 modules.
Brooks Price Action (Community): A community-run forum and resource site that hosts daily webinars and a 2010–2024 video archive.
Brooks Trading Room: A live room providing real-time market analysis and education during trading hours.

Major Publications
Al Brooks has authored a definitive series of textbooks published by Wiley, often referred to as the "Bibles" of price action:

Reading Price Charts Bar by Bar: An introductory but dense overview of his system.
Trading Price Action Trends: Focuses on institutional trend trading and piggybacking.
Trading Price Action Trading Ranges: Details strategies for sideways markets and breakouts.
Trading Price Action Reversals: Covers high-probability reversal setups and risk management.