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We construct a Poincaré map for the positive horocycle flow on the modular surface , and begin a systematic study of its dynamical properties. In particular we give a complete characterisation of the periodic orbits of , and show that they are equidistributed with respect to the invariant measure of and that they can be organised in a tree by using the Stern-Brocot tree of rational numbers. In addition we introduce a time-reparameterisation of which gives an insight into the dynamics of the non-periodic orbits. This paper constitutes a first step in the study of the dynamical properties of the horocycle flow by purely dynamical methods.

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