Man, that's all he does around here, drag people down in the mud that he crawls in. He never posts any live trades. Most of the calls he seldom posts on ES Journal are pretty bad, which everyone there knows. But in his mind, he's of course the best around here.
Al Brooks Net Worth
- Thread starter Darc
- Start date
Calling a stop but not taking it, yeah right.
I queried you but you chose not to reply.
Try and distract with "Whadaboud...."
Lmao, I rarely even post in ES Journal, FOS!
What??? How are you supposed to have known that? Dude, you need a mental evaluation. Seiously.
Projecting?
Let's face it. You never post any trades, period. You only post directional calls, and those turn out to be wrong more than I care to count. Anyway, let's just call it quits here. You and I are over. You can put me on ignore but no more with you.
Yup!
And wrong again.
So after getting a chance to sit down and read the thread over, I have to give you credit where its due.
In this post, before the open, you mentioned the trade, and in a later post, said it was at 4374.
https://www.elitetrader.com/et/threads/al-brooks-net-worth.376923/page-27#post-5888529
I mark on my chart below where the entry was called, with a time stamp of 8:54 on this post, as ES was around 4382. (Your entry seems to be one tick above the previous high of 4373.75 at 3am, which would have been the high of that 4 hour candle. Do you always enter above or below a candle?)
The stop was also clearly outlined, so kudos for that. This does mean though that the stop was 20 points, but since you're using 4 hour candles, that really isn't a huge deal as the targets are I'm sure multiples of this, and even today, with the target of 4417, that makes it roughly 44 points, so easily a 1:2 risk to reward trade.
My only question would be about win rates and risk to reward ratios. I'm sure you're hitting at least a 50% win rate, but could it be as high as 75%? If you're always using a 4 hour chart, I can see how this will likely lead to way less whipsaw. The ES can be pushed around for a little while, but I doubt a move can be faked for an extended amount of time.
Lastly, what do you do after a loss? I'm sure it depends on how the price action unfolds, but do you find that you're often then looking for a trade in the opposite direction since a stop out likely means you got the direction wrong and the market is going in the other direction? Or do you find that often it was just a deeper retracement and you're looking to enter again in the same direction? Or do you perhaps just leave it alone and wait for another setup all together in another area?