do you know what is mtr? according to brooks?
Trading Brook's MTR in Forex
- Thread starter padutrader
- Start date
lower low mtr..... at what may be major support also market retraced from a Double top and most DTs fail.....because a DT is actually a sign of weakness of trend.....because if the trend was strong, you would get a lower high..not a DT, showing that counter trend traders were able to push the market higher than before
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stop moved to breakeven
closed 1 pip profit
up 130 pips for the week
interestingly not one trade was made in eurusd
interestingly not one trade was made in eurusd
No I don't. Can you share? Thanks.
Perhaps he means "major trend reversal."
it is something specific......you need a trend line break and a signal
i do not have time to explain during market hours will do it over the week end....
but brooks is the best one to do it
Padu Trader says that Brooks is the best one to explain MTR, so here is one reference that he makes to it in his book, Trading Price Action Reversals...
thanks......you saved me a lot of trouble....which in fact Brooks has taken: that makes him terribly unique
Brooks does point out various way the market behaves and moves and that is the great thing about him.
however some persons want a one line explanation for everything and there is nothing wrong with that.
However for such persons they should avoid Brooks....he is not one to say that if a moving average crosses over another moving average, the market should be bought.