Trading the ES live-the Brooks way

[padutrader]

Just for information, are you planning on posting any more trades in this journal ?

We are at page 14 already and besides 2 trades on page 1 i can't seem to find any, unless i missed them?

why?

i am having so much fun. everybody is posting here.
why should i post anything? why are you asking me ? Ask them ! to post their trades [here].

 

[padutrader]

He really doesn't trade much. He just bloviates.

you really are observant.
yes i boviate at home . i do not do it in some else's journal

 

[Georgii]

Margin call, lost about $17,000 cash in one day. LOL HAHAHAHAHAH

The market punishes the proud. Always.

Trend traders spend days getting chopped up by fake breakouts and then make it all back (hopefully with profit) on trend days. Mean reversion traders scalp the points by averaging in on most days but then get destroyed on grinding trend days. Sort of like option buyers and writers.

 

[Overnight]

you really are observant.
yes i boviate at home . i do not do it in some else's journal

You do not have a journal of trades. Am I missing it? Please point me to it.

 

[Georgii]

Did I say that’s what I was looking for? Did you read my post?

I was not referring to you personally but making a generalization. As in "one", not "you" specifically...

And here’s one more observation I can offer. Brooks prevaricates about everything. So if every single bar has an alternative interpretation, then no single bar means anything in real time apart from either going in your direction or not.

He always talks the bull and bear case. That is sort of helpful from a chartist POV but it still does not translate to a strategy in any way.

Perhaps my approach is not as refined as what some of you guys use, but the whole idea of “bar by bar,” where each new bar offers a whole new world of interpretation is just way over the top for me.

Bar by bar is essentially just reading the tape.

 

[Overnight]

...

Bar by bar is essentially just reading the tape.

Is that an Al Brooks thing?

 

[Georgii]

Is that an Al Brooks thing?

Reading the tape is not specific to Al Brooks, he just discusses each candle. Sort of obvious when you zoom into a smaller timeframe. That is essentially a lot of what he does: lower timeframe analysis by simply interpreting 5 minute bar behavior.

Oh btw, you're not a real Al Brooks guy unless you can do his raspy voice saying "Lower high major trend reversal..."

 

[padutrader]

he just discusses each candle

yes he discusses each 5 min candle for 15 min

so how the hell does he trade. just wondering.

 

[Georgii]

so how the hell does he trade. just wondering.

He won't tell you

When I was in his trading room for a month he'd sometimes say when he closed out a position (and of course it sounded always profitable or a near scratch).

At the end of the day he's discretionary so he uses his handful of strategies to trade how he sees fit. He does discuss his setups in his books (very difficult to read btw) and his webinars. But again, it's postdictive.

 

[padutrader]

ok by popular demand-for fun- but not for overnight
long 5627.75 stop and target as shown on chart break out above a pair of doji bars after a big bull bar a clear Brooks buy.