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  1. P

    my summary or my understanding of Brooks price action

    that is exactly what i am trying to do here in this thread:the thread title makes it clear it is MY summary. that said i am posting it here because it may help other traders understand Brooks better. i spent 12 years before this so it may help others save a bit of time.
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    my summary or my understanding of Brooks price action

    as you probably know i have been trying to make sense of his method for over 12 years . this thread is my attempt towards that goal.......
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    my summary or my understanding of Brooks price action

    this thread is my attempt to define a relational context to certain market conditions and an attempt to define pre defined conditions to enter certain types of trades. This thread should not be seen in isolation but together with my journal...
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    my summary or my understanding of Brooks price action

    what is the difference between a pull back and a trading range? I think that a pull back should be [or is] much shorter in duration than range. but understand that this is very time frame specific:a range of 24 bars on a five minute is only 2 bars on a hourly and that may qualify to be a pull...
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    my summary or my understanding of Brooks price action

    since H2 L2 are setups to enter a trend, when the pull back is finished.....trading these near or at a moving average, is a higher probability trade. trading reversals [mtr] when the market is away from the ma, increases the probability of the trade.....and if the reversal trade is during a...
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    Trading Brooks H2 AND L2

    on a trading range day fading breakouts from trading ranges formed near or around the ma are high probability trades.
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    Trading Brooks H2 AND L2

    DO NOT trade H2 L2 on a trading range day......
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    Trading Brooks H2 AND L2

    since H2 L2 are setups to enter a trend, when the pull back is finished.....trading these near or at a moving average, is a higher probability trade. trading reversals [mtr] when the market is away from the ma, increases the probability of the trade.....and if the reversal trade is during a...
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    Trading Brooks H2 AND L2

    no i do not mind .....but cannot off hand find that reference. you do seem to be familiar with Brooks.
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    Trading Brooks H2 AND L2

    i made 2 trades and they are as in the chart and history as shown.....the target for the second trade shown in pink line was placed on entry[shown with the yellow line] along with stop not shown on chart. the short entry for the second trade is shown in blue while the exit is shown in red. the...
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    Trading Brooks H2 AND L2

    i have found this video useful for trading......entering a bull or bear breakout before the breakout pullback and holding till the 'market cycle' as defined by Brooks in the below video yields excellent win ratio and low risk with high reward........at least in the few trades i have made:i have...
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    Trading Brooks H2 AND L2

    “The dictionary is the only place that success comes before work. Hard work is the price we must pay for success. I think you can accomplish anything if you’re willing to pay the price.” —Vince Lombardi, Pro Football Hall of Fame
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    Trading Brooks H2 AND L2

    this is about trading 'rules'.......
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    Trading Brooks H2 AND L2

    this also good
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    Trading Brooks H2 AND L2

    this is good video to see.....if you are looking for honesty.....and realism.....and not a sales pitch he says clearly where to sell above bars/buy below bars or sell below bars/buy above bars
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    Almost everyone is lying. Because there's no such...

    if you are looking for a one page on how to trade you are not going to find it most of the time it is management of the trade that makes you money. what you have to learn is how to manage the trade, manage your geed and fear, manage your capital.... most traders only manage their...
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    Almost everyone is lying. Because there's no such...

    no markets are not random....but that does not mean you can predict them.....but the fact of the matter is that any edge is fleeting and you have trade in the market when you have an edge. so 80% of time you are doing nothing
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    Trading Brooks H2 AND L2

    Brooks says you need context and a signal. How can we determine context: i am using 4 moving averages to determine if there is trend or a range and i am using a rsi to help determine or judge momentum. Brooks uses only 0ne ema but i have found that is need more.....so it is a personal...
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    Trading Brooks H2 AND L2

    i have included a 14 rsi to help with trend direction. h2 is basically a second attempt to reverse the pull back .....
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    Trading Brooks H2 AND L2

    did not sit in front of computer...placed trades and did something else. so could not post closure of trades live. i am posting a statement of yesterday.......the statement makes it clear that i was not reading the trend properly.
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