Search results

brooks method will NOT tell you whether the market is a bull or bear. you have to first determine that. This is obvious.

:D:D:D:D

if you are sure you are in range -broad not narrow-then you can count legs to know when to enter into reversal trades mainly near the top and bottom of ranges. if you are sure you are in a trend then count legs in a pull back to enter with trend trades.

A SPECIAL THANKS TO @volpri for pointing out the market cycle. or reminding me of it. it is critical for knowing when to count bars /legs and when to ignore them.

the 4th bar from the right is the bear breakout-not strong- but it is a breakout. the next two bars, 3rd and 2nd, a bull doji and a bear inside bar, is the channel phase. the next and last bar shown, doji reversal bar /correction, is the range phase. there was a bull bar after that, NOT...

what i have been saying for the last 20 years here, is that knowledge about how the market moves, which is rational because traders move the markets, entering trades according to market conditions-which change but remain same for some time. not some arbitrary RR which is in the traders mind and...

brooks market cycle is critical. breakout- channel- trading range break out is leg one. after the trading range breakout can be on either side with that breakout now becoming leg one. the market cycle can 'reset'. a wick can be leg one a bad bull or bear next bar can be the channel, and the...

common sense says take the longer time frame signal

all i use is leg counting that is more than enough to mint money. i nver really understood leg counting till i found a beautiful explanation of it.

i think, if it is the third leg up, but the forth leg down and it is not a parabolic wedge.... good, i do not know but the normal Al technique is to bullshit the hell out of everyone.

KING OF REPLIES

eve even in the wrong forum i still get them

actually, you are right. Kings, do bugger all

yes if the public understood this, the whole capitalistic structure of the modern world would collapse into rubble

that was not the reason for posting

leg counting is minting money

:D:D:D

like me but it took me 20 years to even smell a profit from far. stick to buying good companies and not even looking at the price till you know what markets can do. i started in 1987 and turned day trading in 2007. passion is not enough. you need extreme commitment both financially and...

Your obviously from India. Chennai? i LIKE YOUR JET trade

damn right. hilarious the ignorance