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When you get a chance answer the questions in my post in post #124. Then I will respond and then lay off posting so much as this is padutraders journal.

Using the extreme of a bar for entry or stops makes sense because the max peak and decline over a period of time. 5 min...15 min..30 min...etc. Try deducing that from a line chart or moving average “at a glance”. Say you got a bull trend going then a PB. You are looking to go long. There are 3...

A little more about bars. Bars, ALL bars are either trends or ranges. All bear bars are bear trends. All bull bars are bull trends. All doji bars are ranges. It is easy to see this by dialing down to a smaller TF. Take one example, for instance. Take a five minute chart that has a sideways...

First lets’ look at bars. What real in the markets in terms of price change? There is only price movement. And it has to be at least 1 tick to even be called price movement. What are bars? Simply graphical representations of price movement within a specific TF. If using time based charts...

ROFLMAO...Calm down now. No need to get bent out of shape mr gambler. I have Brooks first book. I have his subsequent Trilogy (in both hardback and digital form for when I travel...airplane ..etc and don’t wish to lug books around) I have his main video course (his first version and subsequent...

I need to correct something. I said the SL in the chart above (i.e. the initial SL should be below the first bar of the BO. That is wrong and not the proper way to state it. So to clarify: the correct SL (initial SL) is below the first bar of the move up LEADING to the BO bar. The drawing...

Where he says to place the stop for MTR’s is IMO advocating a tight SL in THAT scenario. The reason is of course the design or scenario, the context if you will. BUT he could say place a wider SL with MTR’s, but he doesn’t. So he is advocating. Advocating is simply recommending or supporting...

Why is bar 14:40 a “give up bar” for the bears. Before it’s close they realize they have lost the tug of war. The bulls are too strong. Price has broke above the previous sessions low bar 15:15 on Jan 29. The opening gap down for Jan 30 session has been entirely closed. Price has stayed above...

When it comes to BO's Brooks says a trader HAS to use wide stops. Because he can experience deep PB's. For instance, in a bull BO that has say 2 or more large bars (especially if the bars are increasing in size) you can enter for any reason. Just get long. You don't have to wait for a specific...

In certain scenarios like MTR brooks advocates tighter stops because these have about a 40% chance of working out into a successful trade and they may fail several times on the entries before a trader manages to catch one that works. So SL's are tight to render a trader the ability to take...

I am not padutrader but I am an afficionado of Brooks and base some of my trade ideas off his many ways of trading the markets. I will answer the question you posed, from my viewpoint on the matter. For me, constant evaluation is a given. I consider it as “managing the trade.” I have setups that...

I don't have time to explain these implied bull and bear PB's right now as I am working on something else. But I marked up the charts while resting after a late lunch and decided to post them. I will try to explain the charts later tonight. These charts are how the day progressed after my...

MES 9-28-2021 Trading implied PB's and actual PB's AND bar counting in a bullish BO. Here are some trades taken this morning. Implied PB's in a BO conditions have bigger odds of succeeding. Implied or actual PB's can fail to succeed like any other pattern. However, multiple scalps in the larger...

Could be could be. Nevertheless, now the average will have to drink the dregs from a bitter tea.

Well americans made their bed ....now they got to lay in it. So does wallstreet.

Trading in a relatively tight trading range AND Trading an implied PB in a relatively tight trading range. 1) First to review the definition of a trading range: It is 20 or more bars of sideways PA. That means overlapping bars. Typically Bull bar or two then bear bar or two. Races to top then...

ROFLMAO. You misinterpreted. It was satire. I was ...well...sort of mocking....shame on me! Of course I am for discretionary trading as opposed to algo trading. Discretionary is exactly what I do. In my view no computer can match the human brain. Maybe one day but not in my lifetime. However, I...

Hummm anybody open for discretionary trading? Ole fashioned out of style? Lol

There are rules that govern in scalping ranges or channels in both directions (short and long) such as the broadness of the range being enough for a min scalp (long or short). That means: 1) MOST of the Bars in the range to be at least as big or larger than a minimum scalp (which is 4 ticks for...

Do you find it strange Tudor would say "losers average losers" but believe in putting on a special pair of "lucky" shoes when the trade was real important? Hilarious! To me anyway. Perhaps his style of trading was not compatible to averaging down or scaling in. However, regardless of whatever...