The truth is, he sees patterns you haven't trained your eyes to see yet.
The blog is a relentless daily drill. It forces you to look at the market not as a story of hope or fear, but as a simple algorithm of buyers versus sellers. He is rarely wrong about what happened , and his analysis of why a breakout failed is usually flawless.
★★★★☆ (4/5) Deducting one star for the steep learning curve and the dated web design, but the content remains 24-karat gold for the price action purist. al brooks trading blog
He will teach you to see the market as a series of probabilities. He will teach you that every breakout has a 50% chance of failing. And he will annoy you by drawing ten lines on a chart where you only see noise.
Here is an honest review of what the Al Brooks Trading Blog actually is, who it is for, and why it provokes either cult-like devotion or outright frustration. Al Brooks is a retired ophthalmologist turned day trader. His core thesis, disseminated via his blog and three seminal textbooks ( Reading Price Charts Bar by Bar ), is simple yet radical: You do not need indicators. The truth is, he sees patterns you haven't
For example, Brooks frequently discusses the "second leg up" or "second leg down." A bear trend might end, but he will warn that the "first leg up" is likely to fail, and that the real buy signal comes after a "higher low." This is logical, but in real time, distinguishing a "higher low" from a "bear flag" is incredibly difficult.
If you survive the first 100 posts, you will never look at a candlestick chart the same way again. If you don't, you will join the chorus of traders complaining that "Al Brooks sees patterns that don't exist." He is rarely wrong about what happened ,
If you have ever visited the blog, you know the drill: screenshots of E-mini S&P 500 futures (primarily) covered in horizontal red, green, and yellow lines, with paragraphs of text breaking down every single bar into "buying pressure" or "selling pressure."