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nice to be able to talk to him.....tell him that i really appreciate his insights....his zeal to help traders.....though i have stopped in following his deeper researched ideas.....the idea is to make money

my advice is stop reading any more and use his ideas. i mean his basic ideas like trading break out pull backs-what he calls failed failures-these have been traded by me and others since i started 25 years ago.the idea is not do get a PhD but to make money. see the chart you could have gone...

i thought he was a loner

i think he means Xela

you mean with Brooks or Volman?

it reached it's target: see chart. this is almost live you can check the eurusd chart right now so i would not say, you have wasted your time, reading his book.

i just entered this trade...a break out, pull back trade, what Brooks calls a ' failed failure ' a risk reward of 1:2

i first read that book a long time ago and am now re reading it this time around it is a lot easier to understand what he is saying...but i have a few years experience in trading now. his book is not meant for inexperienced traders or traders who are looking for a rule based system to trade.

i think you have to know direction first and then wait for set up which will then allow you to control risk.

i have also found two bar reversals to give some good trades.

you could add 'gap bar' which is also a good set up. Brooks mainly scalps which is not surprising since a set up on a 5 min does not usually go very far,unless some alignment with a bigger time frame took place : however, it is usually quite enough to make a living.

i have heard of one tick failure which is quite powerful when used in the right context...but not 5 tick failure

no i do not agree but Brooks does not spoon feed and you have to use a considerable amount of judgement in the application of his techniques. you do not need to read the whole book but only the sections on signal bars.

suggest you write a book with that title.....it may be a best seller NO I AM SERIOUS

the only other person who i have seen using that term is the famous David Fuller, who has been described as the best individual analyst in the world, the only trader,i know, who declares his trades, as he makes them, who started trading when he was 17 now 70, one of the most human of all...

it is nice to see someone discussing and posting charts

maybe they have nothing better to do

not to me i take them as face value i know it is difficult to find other traders in the real world- in 30 years of trading i did not make one trader friend outside of ET or social media

yep and it is free

perhaps....but this is contact between two consenting adults do not know what the fuss is about