Trading the ES live-the Brooks way

[padutrader]

Did Brooks really talk about a broadening channel? Sorry but I think you made this shit up.

Suppose the trend is becoming flatter. This only indicates we're heading for a rangebound market. As such, the chance of a trend reversal is also high. So why would you enter here? You'll just get chopped up.

flatter trend does not mean trend has ended... you like me forgot about the larger bear trend that is going to kick in and you will likely get maybe one final 3 pushes down

 

[padutrader]

Did Brooks really talk about a broadening channel? Sorry but I think you made this shit up.

Suppose the trend is becoming flatter. This only indicates we're heading for a rangebound market. As such, the chance of a trend reversal is also high. So why would you enter here? You'll just get chopped up.

but i agree my entry was wrong....i was only looking at the bear side but the bull side had too much momentum. I should have waited for one more bull leg; my entry was early but maybe my trade management may allow me a profit

 

[schizo]

flatter trend does not mean trend has ended... you like me forgot about the larger bear trend that is going to kick in and you will likely get maybe one final 3 pushes down

Nah, you're only exposing yourself to bigger risks. There's absolutely no need for that.

Anyway, this one is from Brooks videos that I copied eons ago. I marked "LL" and "HH". Let that sink in for a moment and see if you can connect the dots.

 

[schizo]

short : at 5634.35 average rate of 5 lots stop at 5637. target: possibly at 5628 View attachment 347176

I'm not gonna specifically comment on your trade, but here again, you're risk:reward isn't all that appealing for this entry.

 

[padutrader]

thank god for the bigger bear leg /swing.

this up move has flattened the larger the bigger bear move .
maybe i will get my target of 5628

 

[padutrader]

Nah, you're only exposing yourself to bigger risks.

i was trapped in a bad entry so am forced to manage it the best i can.

 

[padutrader]

I'm not gonna specifically comment on your trade, but here again, you're risk:reward isn't all that appealing for this entry.

maybe
taht is personal is it not

 

[schizo]

i was trapped in a bad entry so am forced to manage it the best i can.

Oh, so you do realize that you were trapped. Well, maybe you can now avoid getting into those traps in the first place. And you can start by not entering while the trend is flat.

 

[schizo]

maybe
taht is personal is it not

Isn't this trading 101? IIRC, you should only buy the pullback in an uptrend and sell short the bounce in a downtrend. And avoid the chop at all costs. I'm pretty sure that's the rule of the game.

 

[padutrader]

you're risk:reward

it is not RR alone it is the probability.
probability is good i think for one more move down