Trading the ES live-the Brooks way

padutrader said:
i failed to understand Brooks for 20 years.
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I see that Brooks had the audacity to write three more books after his abomination of a first effort. I didn't know that he continued his fleecing of the public.

Three volumes totaling 1680 pages.

Brooks doesn't understand Brooks.

If you know how to make money off the five minute chart, you don't need 1680 pages.

You need an index card.
 
i have started trading failures and traps

they move fast to a very profitable scalp.
enter by stop so if there is no trap then the stop will not be hit.

but nothing is 100%, but you can change it, if you exit at 3-5 ticks.

a double trap is also possible-trap long and then trap short- the trademark sign of this is the outside bar.

double trap just occurred 5 min back.
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flash crash said:
If you know how to make money off the five minute chart, you don't need 1680 pages.

You need an index card.
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what is that a card?
i agree

my method can be outlined in 2 pages.

but there is a lot of tricks i have learnt to survive a market, which can get pretty nasty, and that cannot be described to anyone, except maybe to someone beside you.

when it gets nasty if you are already not in it then do not enter. stay away. i learnt that from experiences with my wife.
 
flash crash said:
I see that Brooks had the audacity to write three more books after his abomination of a first effort. I didn't know that he continued his fleecing of the public.

Three volumes totaling 1680 pages.

Brooks doesn't understand Brooks.

If you know how to make money off the five minute chart, you don't need 1680 pages.

You need an index card.
More...
just pointing out that i did not understand him and that is true with 99% of traders who read his books.
but because no one else bulls shitted so much in public he is described as an authority.

i understand all this.

but he is teaching traditional technical analysis






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