Trading the ES live-the Brooks way

[padutrader]

Did you not read the TITLE of this thread? What you're doing is going to Vegas and telling people not to gamble.

In case you're too damn lazy to look, this is the title:
Trading the ES live-the Brooks way

brilliant observation

 

[padutrader]

trading plan is what you are going to do.
that should depend on what the market is doing.
market is either pulling back or breaking out.
every move can be described by the trader as one of these.
a move can be defined by a trend line.
a break of the trend line means the end of the move.
the move can be up, down or sideways. This may be seen by a upsloping or down sloping or flat trend line.

now as i said, a break of the trend line, means the end of that move.
BUT IT DOES NOT MEAN END OF TREND.
it just means a continuation of trend but at a 'flatter' rate or slower rate, described by less severe slope of the trend line.
you will never find this sort of explanation in Brooks books because he expects you to know all this 'basic stuff'

 

[padutrader]

I have a feeling the lights from this party might turn off soon though

YOU ARE WRONG, MATE!

'welcome to the party that never ends! come inside! come inside!' -Woodstock music festival in the seventies

 

[padutrader]

now as i said, a break of the trend line, means the end of that move.
BUT IT DOES NOT MEAN END OF TREND.
it just means a continuation of trend but at a 'flatter' rate or slower rate, described by less severe slope of the trend line.
you will never find this sort of explanation in Brooks books because he expects you to know all this 'basic stuff'

now what does this look like, on a chart? see below chart.
the blue lines start with a steeper slope and which flattens out as the trend continues or after each trend line break ...blue for bull or up.
the red line is the bear or down line and it flattens too.
notice while flattening it gets longer and longer.
the bears are slowly taking over from the bulls

 

[padutrader]

now what does this look like, on a chart? see below chart.
the blue lines start with a steeper slope and which flattens out as the trend continues or after each trend line break ...blue for bull or up.
the red line is the bear or down line and it flattens too.
notice while flattening it gets longer and longer.
the bears are slowly taking over from the bullsView attachment 347170

now this also means that if you want to enter the trend you have to enter near the flatter slope trend line NOT THE STEEPER slope trend line.

 

[padutrader]

all this lesson on trend lines is because a trader PM me and asked about two legged trading.

a trader, who obviously, has different point of view, than his noisier friends.

now who would ask a question from someone who a failure is, a liar, a cocksucker [@overnights' words. thks mate for the splash of color you add to proceedings] and who is not going to succeed and is just an emotional escape.

everybody and anybody and somebody can have a different view, some more panoramic than others

panoramic view meaning - Search (bing.com)

 

[Overnight]

...Hard focused work did not seem to fit that equation, and you then get into this stupid mode where you think that just by showing up and pressing buy and sell you'll eventually get it. No you won't, not without study of both the market and yourself, not without understanding the long path of discovery until you find a methodology and market that works for you, not without understanding the huge variance in market behavior and thus income this business brings, etc.

Emiril BAM! That is exactly it! Since the Pandemic, the market has been so reliant on monetary policy (Fed), and now with the election coming up, fiscal policy, there is no way to trade on usual patterns.

It's a whole new world, and why swinging/position is the new play.

 

[p0box4]

Now you sound like a condescending SOB. You really need to go down that route? Stay on topic or otherwise take a bite out of STFU cookie.

It was never my intention to come across like a condescending SOB, I just wanted to show that it is possible to get to the payout stage with these kind of firms when you control your risk.

Also not sure how my post was of topic since OP is also trying to get a funded account with the same firm and said it was impossible while my post showed otherwise ...

 

[padutrader]

trading plan is what you are going to do.
that should depend on what the market is doing.

so a trading plan takes into account what the market is doing and then you take informed trading decisions based on that.

now if the market changes what it is doing, and it can and does frequently, what it is doing then you need another or different trading plan.
so, if someone talks about his trading plan, then you know his plan is limited and useless .

Now take Brooks he talks about what the market is doing, then he has numerous plans that deals with that particular market environment and so Brooks has a variety of trading plans that fit, hopefully, what the market is doing, at that particular time.

 

[p0box4]

Seems like @Overnight blocked me since I can't quote him anymore? Maybe you got confused and quoted the wrong member but we never spoke on the phone?