i have seen, that even the worst set up, that fail, will give you a scalp .
the failures are all traps and they have to move enough, to entice the inexperience trader to enter, and that gives scalper the high probability trade he is looking for
Trading the ES live-the Brooks way
- Thread starter padutrader
- Start date
the failures are all traps and they have to move enough, to entice the inexperience trader to enter, and that gives scalper the high probability trade he is looking for
i do not know what Brooks teaches.
but i do know you have to be sure which trend you are trying to enter into.
and then wait for a set up to enter.
so if that is the case why look at 14 different time frames?
just find a trend in any time frame and trade that.
i mean a pull back on daily is strong trend on 5 min.
taht is the point why you are look on the smaller time frames
but i do know you have to be sure which trend you are trying to enter into.
and then wait for a set up to enter.
so if that is the case why look at 14 different time frames?
just find a trend in any time frame and trade that.
i mean a pull back on daily is strong trend on 5 min.
taht is the point why you are look on the smaller time frames
Last edited:
pretty reasonable post.
i came to this conclusion, after one day waking up, after doing a number of things and then wondering what the fcuk have i been trying to do for the last 20 years?
if it was not so sad i would have died laughing
most moves are two legged and the second leg is always a test.
a trend is something that continues.
and how do you define a trend
I use a trend line.
you need two points to draw a TL so you need two bars.
then you have a trend.
that will continue and that continuation can happen after a PB or without it.
so if you have third bar that breaks the high of the second bar then you have a continuation of the bull trend.
and how do you define a trend
I use a trend line.
you need two points to draw a TL so you need two bars.
then you have a trend.
that will continue and that continuation can happen after a PB or without it.
so if you have third bar that breaks the high of the second bar then you have a continuation of the bull trend.
what is a pull back?
you can only call it that, AFTER THE MOVE REVERSES. Then the pull back is confirmed
until that time of reversal, it is a trend in the other direction.
if the market is in really nasty mood, that move will just continue and continue and become even longer counter trend move AND THEN, WE TRADER GENIUSES SAY THE counter TREND become the trend and the earlier trend has reversed.
so technical analysis, is no analysis, at all: it is only observation.
a race horse is a race horse because we observe it is a race horse.
what a intelligent analysis!
Until it becomes a donkey or dog
you can only call it that, AFTER THE MOVE REVERSES. Then the pull back is confirmed
until that time of reversal, it is a trend in the other direction.
if the market is in really nasty mood, that move will just continue and continue and become even longer counter trend move AND THEN, WE TRADER GENIUSES SAY THE counter TREND become the trend and the earlier trend has reversed.
so technical analysis, is no analysis, at all: it is only observation.
a race horse is a race horse because we observe it is a race horse.
what a intelligent analysis!
Until it becomes a donkey or dog
Last edited:
brooks is NOT the one.
Dua Lipa is
Dua Lipa is
I don't think Brooks would want you to use his name when you're explaining your trading. I'm pretty sure he would be pissed.
Trend lines
HANDLE WITH CARE.
because they are so powerful they are so destructive.
they destroyed me ,i can say that, with certainty.
they are the sole reason for my loss of 20 years.
i am still learning how to handle them.
but if you want something that is not leading or not lagging TL is the one.
for scalping it is the most powerful tool ever
but, and i cannot say this enough: handle with care
HANDLE WITH CARE.
because they are so powerful they are so destructive.
they destroyed me ,i can say that, with certainty.
they are the sole reason for my loss of 20 years.
i am still learning how to handle them.
but if you want something that is not leading or not lagging TL is the one.
for scalping it is the most powerful tool ever
but, and i cannot say this enough: handle with care