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    how to understand Al Brooks

    i agree with you 150% my dream is to write a book on how to trade...but one that is one page long...
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    Those that poopood on moving averages, thoughts on this?

    while moving averages are support and resistance, the steeper they make them less strong and more susceptible to a break.
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    Those that poopood on moving averages, thoughts on this?

    the argument, that the crossover gives a late signal, is a complaint by traders, that the reward obtained in using this, is less. But that is how it should be:you cannot have high probability and high reward.You have to accept less reward because you have confirmed trade. maybe go for 1:1 at most
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    Those that poopood on moving averages, thoughts on this?

    yes Price makes the average. The average does not make the price. why should they not make sense....they are price because they are derived from price. if you see the chart you will see that the short term average in orange [10 period] and yellow [20 period] are very steeply down whereas the...
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    do you typically wait for a "confirmation candle" before going short?

    there may be nothing like that....because if it is confirmed, then there is no risk and if there no risk there is no reward,because if something is confirmed then there is only one outcome and then who would be stupid enough to bet against you?
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    how to understand Al Brooks

    Like Fred says this is a discussion forum and it is good if does not get personal. The market is one and the same for everyone so each trader/vendor is using different words to describe the same thing. i have more than 20 years in the serious study and observation of markets and they just have...
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    do you typically wait for a "confirmation candle" before going short?

    if you are trading by instinct, my instinct says learn either fundamental or technical analysis or say bye bye to yr money
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    do you typically wait for a "confirmation candle" before going short?

    confirmation by moving average is excellent but only if it is a trend.....if in a range.. moving averages do not confirm anything except that price is not going anywhere:D and that you can see you do not need the moving average.
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    do you typically wait for a "confirmation candle" before going short?

    day trading is alright and very neccessary so confine your day trading to the supermarket :D
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    do you typically wait for a "confirmation candle" before going short?

    i think new traders focus on the reward of catching a long term top. what they do not realise is that the probability of doing this successfully is so low. Invariably where the perceived reward is high the probaility of success is low if you have deep pockets you can keep on doing this...
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    do you typically wait for a "confirmation candle" before going short?

    Now this happened; something unexpected so when something happens, that is not supposed to happen, you cut position and take your loss.
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    do you typically wait for a "confirmation candle" before going short?

    NOW YOU CAN SHORT see chart but put premiums would have skyrocketed. the probability of your short trade has gone up, so when probability goes up, you have to accept a lower reward. so it all depends how you want to manage your short trade how much risk you want to take in order to get more...
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    do you typically wait for a "confirmation candle" before going short?

    you do not short if stock runs up a lot...because it can still walk up a lot and then it can crawl up a lot..... that is invariably happens when a fast move occurs: it keeps going but slower and slower and slower..and then it gets exhausted and then it usually takes rest,and does not do...
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    how to understand Al Brooks

    yes you have to treat it like a business. But though no business is easy,you can do things that make it difficult or do things that make it easier. in trading, if you observe the market, your chosen indicators,if any, there are signs that will make it easier for you. one example in the chart...
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    am i ready?!

    no they are not shut dow and they are an opportunity because of those leveraged account i can afford to trade. I am a beginner trader even after ten years so trade 10 usd at a time. Because of those highly leveraged accounts anyone can trade not only the rich like before. because i can trade...
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    am i ready?!

    i am assuming he wants to learn trading and is not already an expert
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    am i ready?!

    before you learn how to shoot, how can you aim for anything: you may shoot yourself in the foot!. every single professional trader has said it took them 7-10 years to start making money regularly. No one has ever said that i started trading and started earning my living after 2or 5 months it...
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