NumberZ Day Trading Journal

[NumberZ]

This is a webinar Brooks did that I watched before I bought his course. This might shed some light on his use of risk, reward, and probabilities for anyone interested.

 

[NumberZ]

This one really has me thinking.

 

[NumberZ]

Good video, brief explanation of bar counts.

 

[volpri]

Overnight high and prior highs are targets for support and resistance per Brooks Trading Course.

This statement is meaningful only if the context of present price action is included in the statement. Otherwise, we would all just use overnight highs and prior highs for targets. Just because a price point in time is made doesn’t mean it is going to be meaningful as a support or resistance, or a MM target.

 

[NumberZ]

This statement is meaningful only if the context of present price action is included in the statement. Otherwise, we would all just use overnight highs and prior highs for targets. Just because a price point in time is made doesn’t mean it is going to be meaningful as a support or resistance, or a MM target.

How you mean?

 

[NumberZ]

Al Brooks says:

"I've been trading now for 35 years. I've never seen a day that opened above the removing average and went all day without touching the moving average. So 35 years, that's a long time. And the statistic I use is 99.99% chance we are going to touch the moving average. And, in fact, there is a 99.95% chance we will have at least three bars below the moving average."

Two days in a row the market gets to put it to the test in front of our eyes.

 

[maxinger]

it seems like you and padutrader have quite a similar thinking about the Brooks' things.

but padutrader is probably more open-minded and broad minded.
I believe he will succeed soon.

 

[NumberZ]

Al Brooks says:



Two days in a row the market gets to put it to the test in front of our eyes.

There is the EMA touch and I am done today. So far two candles have traded below the EMA. Next test of Brooks's statistic is does the emini have at least one more five minute candle trade below the EMA today?

Watched RTY and ES and traded ES today. Not a good idea for ME to watch both. They were not in alignment and caused some hesitation on me.

Here is the ES chart showing the executions. Total PnL $787.50 SIM dollars and that does NOT account for commissions.

Monday I am going to watch ES only.

 

[NumberZ]

Two days in a row the market gets to put it to the test in front of our eyes.

Al Brook's 99.9% and 99.95 statistics about the moving avergae on days where price gaps above it seem to be wrong based on the last two days. It looks like 100% and 100%.

I guess two days is too small of a sample size?

 

[NumberZ]

I know someone will take offense at this so I'm saying here no offense intended.

The last two days of the ES using basic Brooks Trading Course set ups has been very easy.