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mtr works well when there is clean swing market action occurring.....many times this is not so and you have to be aware of those...such a when the market is in a channel....in that case there must be clear break of the channel and then a retest after which the trade signal may be taken. such as...

this method mtr can be very powerful.....the yellow line shows a double top and an mtr buy after a DT is an extremely high probability one.....

thanks......you saved me a lot of trouble....which in fact Brooks has taken: that makes him terribly unique Brooks does point out various way the market behaves and moves and that is the great thing about him. however some persons want a one line explanation for everything and there is nothing...

it is something specific......you need a trend line break and a signal i do not have time to explain during market hours will do it over the week end.... but brooks is the best one to do it

what i mean is the general direction is known to everyone......but the key to making money is management of trade

that is enough but even then it is not easy to make money

yes markets can be predicted.....that is why there are more experts predicting markets than there are traders..... but unless you run a subscription service.....you do not make money predicting markets. incidentally even Elliot died a beggar

up 130 pips for the week interestingly not one trade was made in eurusd

closed 1 pip profit

stop moved to breakeven

lower low mtr..... at what may be major support also market retraced from a Double top and most DTs fail.....because a DT is actually a sign of weakness of trend.....because if the trend was strong, you would get a lower high..not a DT, showing that counter trend traders were able to push the...

do you know what is mtr? according to brooks?

Brooks says you need context and a signal......both should be there for a trade.. sounds obvious.... but a lot of things are done emotionally or with 'instinct' or 'feel'...this will lead to inconsistently because sometimes your judgement will be 'off' and you will get killed on that day

I know what a great opportunity trading is...….I have always been a loner and for loners this activity cannot be beat...….. all you need is a good broker.....you need no one else....no government license.....to open a eating joint or restaurant in India you need approvals from 16 departments and...

closed for 9 pips at 1.32023......3RR

long usdcad

85 pips profit approx today.....good for the first day trading a new strategy.....encouraging

closed all trades gpbjpy RR1 gpbchf... some 7 pips

i have traded eur for 12 years.....so i learned to trade the hard way but if you trade one strategy- which is what i am doing now- you can make a lot of percentage gains if you can fine tune it over time. i might be a bit presumptuous in saying that if you keep in touch i will help you......but...