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  1. P

    Why do newbies lose?

    wait for a trend like this-i waited all day- it will come....the idea is is wait for a kill like a lioness.........enter on a any buy signal.....i entered on a double bottom :a micro DB as Brooks says; i entered on the second inside bar: if you have sharp eyes you can see the horizontal small...
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    Why do newbies lose?

    it took me a long time to know why i am losing.....but that knowledge does not mean that i will be automatically profitable.... if you want a losing rate of 0 % it is simple.....do not trade......
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    Why do newbies lose?

    the other really common mistake is to make a great entry and then get out at the first counter trend move or reversal. locate a trend-it may be two bars long....but do not get out at the first reversal signal or pull back.........the market has to convince traders that the trend has ended...
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    Why do newbies lose?

    the one thing is to know when to trade.........you only learn this by experience.......it took me a long time to learn this........Brooks says that you have to trade all conditions because you are a trader. i did that and got killed....... you have to decide between being a trader and being a...
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    What is your way of identifying trend reversals?

    i have understood what brooks says by saying 'bar by bar'........i have my stop in place but i watch the price action 'bar by bar' for any weakness in the ongoing move to exit. so no plans. but that does not mean that i am not cognizant of the important fact that we enter only to exit at some...
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    What is your way of identifying trend reversals?

    sure look up Brooks books
  7. P

    What is your way of identifying trend reversals?

    no one can analyse the future ........only the past can be analysed. we either extrapolate the past.......or assume that the past will not continue. this is why no prediction-of anything- can be correct all the time
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    What is your way of identifying trend reversals?

    but do not forget that any reversal pattern, once it is triggered, can fail and lead to a pullback.that failure can also fail but one more failure is rare.....but it does happen
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    What is your way of identifying trend reversals?

    it was NOT a perfect trade.....it was a perfect set up it is you who has problem with language
  10. P

    What is your way of identifying trend reversals?

    what do you want me to admit? that i am a lousy trader? ok done now go and look in the mirror and find out what you are
  11. P

    What is your way of identifying trend reversals?

    oh i have done that a thousand times.....but i am man enough to admit it
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    What is your way of identifying trend reversals?

    there are many reversal patterns. one of the more common ones is the failed channel line breakout also known as the wedge....or, as BPA traders know, 3 pushes . of course the failed breakout may fail, leading to a resumption of the trend, leading to what is known as the breakout pull back...
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    Three Indicators based Trading System

    these black box type of trading requires a great leap of faith....... i know of none that are consistently profitable .....and i have 30 years of experience
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    What is your way of identifying trend reversals?

    theer is no such thing as Brooks ideas.......they are all based on classical technical analysis.....he has only renamed them......... so it is not possible to dismiss 'his' ideas and not many market participants see a move of 12 ticks on the ES and see a trading opportunity......trying to copy...
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    What is your way of identifying trend reversals?

    everything works.........as long as you do !.......do your due diligence and then .....pray! i used to have a cook who puts all ingredients into a pressure cooker , turns it on , and then, finally says a prayer
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    What is your way of identifying trend reversals?

    my class mates in school used to call me that.....almost as if you studied with me :D
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    What is your way of identifying trend reversals?

    the only reason i started trading is that i had a minor fall from my two wheeler and was in bed rest for over 3 weeks-trips only to loo and back. Nothing broken but at 67 years things heal slowly i was planning to take my golf to a higher level but Man proposes, and God disposes. after that...
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    What is your way of identifying trend reversals?

    thank you.........nothing wrong with Brooks or anyone else.............you cannot go much wrong if you stick with basic stuff and trade when markets are doing things simply and clearly. Brooks however thinks out of the box and therein is the rub.....there are not many market participants who...
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    What is your way of identifying trend reversals?

    this in ES live is a perfect short term minor 'reversal' buy
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