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I would talk to sierra as gain and sierra don’t fit together the best. However, It can be done with gain is my understanding, just more steps involved. Talk directly to sierra about it. Were you aware of the huge problem that just occurred in recent days with TT routing and sierra chart?

Do you use sierra chart? If so you may want to use sierra futures and advantage as clearing.

Ok coming in 5 minutes

Whatever:rolleyes::rolleyes::D

Listen up. Brooks says context is more important than any single setup. And he goes to quite lengthy explanations of contexts. For Brooks the larger context is his “market cycle” that he so adeptly talks about. He will look at the present context (present market cycle) and at times the prior...

Thanks.

Jack is dead and gone. RIP. I never understood his concepts when I looked at them. Although I have to admit I really didn’t study them. At my age I don’t have too many more years myself. But look at it this way themickey at least you will have my posts to mull over! ROFL.:D And poke fun at! It...

Ok we can let it rest but just want to make sure folks understand the Traders Equation. Here it is in Brooks own words from his trilogy book Trading Price Action Trading Ranges page 360 “To take a trade, you must believe that the trader's equation is favorable: the probability of success times...

Positive traders equation: The probability of success X the reward > than the probability of failure x the risk It has nothing to do with average win or loss size nor win/loss ratio. It is a way of seeing if a potential SINGLE trade has a mathematical advantage (which is an edge) before...

I believe you are not quite understanding the traders equation. It has nothing to do with prior or future trades. Or amount of trades. OR scalps or swings. It is not win ratio. It only has to do with one trade at a time. THE PRESENT TRADE. It has to do with what is the probability of price...

And PS: where does Brooks say a scalper needs to be correct 80% of the time for the traders equation to be positive? Where in his books or video course?

You still have not explained how you understand what the traders equation is according to brooks. So I ask what is the traders equation or what is your understanding as to what it is?

What are you saying is the traders equation? Since you say it takes a decent amount of scalps to keep the equation positive.

1) we can never be 100% sure. We can only assign probability that price will likely reach my PT before it reaches my SL. You figure that by plugging in the numbers into the traders equation. 2) what is “good enough”? For me it is when I can structure a trade with a positive traders equation...

Take your example in a TR. First an established TR is 20 or more bars of sideways PA behavior. Until then the sideways to down (in a bull trend) or sideways to up in a bear could just be a PB. But once I see 20 bars of TR price behavior then PA is likely in a range and not a PB. Now 80% of BO...

You might look at sierrafutures dot com

I only had time this morning for a quick 1 point scalp. I had to travel to another town and from there do a several hour video conference. But this trade shows a nested pattern I talk about above so I am posting it for consideration. First larger context. Gap up open then trading range behavior...

Keep this in mind. Every bull bar is a trend as well as a BO. Every bear bar is a trend as well as a BO of something. You may not "see" that trend or the BO on the TF you are looking so you may have to dial down to a smaller time frame to actually see either one but they are there. Every doji...

Remember, the correct initial SL for BO’s is just below the bottom or the lowest part of the first bar that leads to the BO bar. As the counter trend reversal move continues the SL is still at the bottom. Once there is a PB followed by another BO of the PB (i.e. another major high) then the...

Now the final questions becomes where do I place the SL for any of the double up positions? In short, I like a PA SL, not a set monetary one. Using a PA SL keeps me more in tune with the volatility that is most recent in the last few bars. For each of the double up entries here is the SL I would...