Al Brooks - Trading Price Action Trends

Quote from oilfxpro:

2 pip stop :D lmao

10 pips is often noise for euro /usd , the 20 pip stop guy can still play within the 20 pips .Noise gets certain traders in mess.

Let us take a thousand trades
800 win 10 pip average =8000 , 200 lose 20 -4000 =4,000 profit.
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If that is true and not presumption, I can post several charts with the time frame missing and you will be able to tell me if it is a 1 min chart or a 1 hour chart.

Fancy your chances of proving you know what you are talking about?

A clean set up appears in every time frame just as noise does also.

Oh and here's the really funny thing. It was done several times live here on ET chat so there are a number of witnesses. And not a week goes past without a number of tiny stop reversal trades being made by several posters on ET, but that happens now far from the eyes and ears of ET's because of this kind of attitude.

When you know how it's done, it is glaringly obvious and when you don't it seems impossible. That is what an edge is like.
 
Quote from Xspurt:

If that is true and not presumption, I can post several charts with the time frame missing and you will be able to tell me if it is a 1 min chart or a 1 hour chart.

Fancy your chances of proving you know what you are talking about?

A clean set up appears in every time frame just as noise does also.
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Nobody can challenge 2 pip stop pros :D , guess the market is running at you filling your pockets , just handing it over hand over fist.
 
Quote from Xspurt:


Oh and here's the really funny thing. It was done several times live here on ET chat so there are a number of witnesses. And not a week goes past without a number of tiny stop reversal trades being made by several posters on ET, but that happens now far from the eyes and ears of ET's because of this kind of attitude.

When you know how it's done, it is glaringly obvious and when you don't it seems impossible. That is what an edge is like.
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Yes, I remember the good ol' days. How would one gain access to your e(xc)lusive club?
 
Quote from Lornz:

Yes, I remember the good ol' days. How would one gain access to your e(xc)lusive club?
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You have to pay the slippage of 2 pips , so common in counter trading and reversals ,then noobs hand it to you.
 
CF is a true professional and a gentleman, and I'm thankful for the honor of studying his trades in real time for a while.

Until you've seen precision price action trading, you believe 2-6 tick/pip stops are impossible.

They are not.

On two occasions I've actually placed 2 tick hard stops trading CL.

I've also participated in price action trap entries and gotten a limit order filled at the low tick of a pullback, price moving so fast off the fill that by the time I see my position's on, I'm 10 ticks in the money.

None of this is easy. It requires intense focus, the ability to keep two time frames in mind at once calculating levels quickly (thanks RN for that a long time ago), because CL and 6E are both frequently volatile.
 
Quote from oilfxpro:

2 pip stop :D lmao

10 pips is often noise for euro /usd
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You should consider yourself lucky that people on here are still talking to you.

Have you even ever tried what you say can't be done? Or did you just give up after the 1st trade didn't work. That style of trading takes intense discipline and when you first start it's not what many are used to. It's like riding a bike. First it seems impossible, then you're riding motorcycles. :p

BTW. There are journals from traders on here that have done what you say is impossible. I'd suggest pulling your head from the sand for a while.
 
Quote from oilfxpro:

6 pips Sounds like he fears of losing more .Do you really believe the guy putting a 20 pip stop is worse off than a 6 pip guy . 20 pips stop is better off than 40 pips?.Think probabilities.

The wider the stop ,the less likely it will be hit.
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Wrong. It's the matter of how you fine tune your entry.

I don't lose more than 6 ticks, because it simply doesn't make sense to hold for more. My signals either work right off the start (often even 3 ticks stop would be enough) or I am out.

It's about the logical amount which is reasonable to risk when using a certain strategy. I see no reason to risk even a penny more than absolutely minimal amount required to achieve optimal equity curve.

Also wrong about probability of stop being hit. Probabilities are relative. If you risk 20-40 pips, you also shoot for target of say 100 pips, not 10-20. So probability of 40 pips stop being hit vs 100 pips target to be hit is absolutely not lower than probability of 6 pips stop to be hit vs 15 pips target to be hit.
 
By the way, from psychological point of view it is so much better to be afraid to get a big loss and bail out for a small loss than be afraid to admit your signal not working and hold on for a bigger loss.

The second case leads to epic blow ups, not the first one.
 
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