Recent content by richkela

Saw an area of resistance @ 90.35 and took the short off the 1 min based on 5 min charts. Caught 20 tics with a 10 tic stop.

I've had the opportunity to read most of your posts within Elite Trader and enjoyed your willingness to share your thoughts and ideas. I will admit after reading Al Brooks Bar by Bar things started to make more sense along with your posts. I'm sure you've heard all the stories about making...

Yes, as learned over time stops when visually seen are typically taken out (unless I've picked the right direction). Execution of a non placed stop can be difficult to fill if not placed at the time of the original order and whoops the market just flew by me as it waved goodbye. I...

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The one trade I was able to consider this morning wasn't executed due to stop loss size and the lack of a follow through on the slower time frame chart. Hind sight proved to be correct and the loss would have been close to $300. More than I like to risk.

No I was away from my screen at that time. For me the risk was too much anyway based on the H/L of the bar and or the 70% rule based on the break out.

I went long on the previous bar to your short thinking it would retest the high of the 99.50 area. Obviously it didn't and only went to 99.36. Your short at the 99.02 was a nice set up with a 40 tic profit potential. Thanks for the input.

Here are the four trades I saw today based on my brief understanding of Al Brooks Bar by Bar. Input from any or all is appreciated.

Both trades would have worked if on my first trade my stop was 1 tic too tight and the 2nd if I would have held it to my target. A work in progress.

Coulda woulda shoulda held that short but the price action failed to move in what I thought was a timely manner. Exited with a 3 tic profit. 102.18 entry. Now trading @ 100.90

Test post

Long on 1's after 5's closed above TL and EMA @ 7:12

Long on breakout

Got long on break out

First trade set up