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closed 7 pip loss

please note the stop ....according to brooks there is only one correct stop.....below the swing low

long aud usd a lower low followed by a higher low may lead to major bull

closed trade

if you want to make consistent winning trades all you have to do is to read the the chapter named 'best trades',in his first book, where he summaries all that he has discussed in the book, which is in so much detail that a trader can get confused what he is meant to actually trade. ironically...

sold audusd.......a ema gap bar a double top EDIT and two legs up in a bear

his methods work in forex.that i can vouch. i have traded forex for 12 years and if you want to make consistent winning trades all you have to do is to read the the chapter named 'best trades',in his first book, where he summaries all that he has discussed in the book. which is in so much...

sold eurusd

closed all at break even

audusd added a few more longs

audusd chart has a lot of gaps as defined by brooks which will eventually be filled once downward momentum dies down the blue line should be the first target

long audusd will scale in downside momentum decreasing

closed trade.....made a profit the same as i would have made if i closed at the high seen on the chart after i entered. moral: trade smaller than small...... scale in when you think it is time

all DB are not equal a double bottom made with less momentum or with higher momentum........they will not result in the same. this is what Toni taught me..... also a Db made after ten bars is not the same as a DB made after 3 bars...time is also a consideration. obviously. if you have a...

but everyone is studying the same animal so they must all come to the same conclusions but by different routes

i do not use only moving averages or only channels or only Brooks or only Hansen. there are market conditions that it is ideal to use channels or ideal to use Hansen or ideal to use Brooks i do not stick to one system

added two more positions......H2 and wedge pull back also base built at lows....as described by Toni Hansen...... there is also a trendline break which was retested. so all put together gives a little more confidence......so if any down move i will add some more

long audusd target as indicated no stop ready to scale in....4-5 times very wide mental stop....25 pips

you can follow this thread if you like. that is why i opened it to show that you can trade forex using Brooks idea and his methodologies.