Trading the ES live-the Brooks way

basic trend following by Brooks and all technical analysts is a trend is in force until it is reversed.

a reversal of a bull is when there is strong bear move followed by the test of the high and then a triggering of a lower high DT or higher high
 
padutrader said:
the thing is brooks says any market condition can and should be traded.

this is absurd.

not all traders can do that and the best thing about trading is that YOU choose when to trade and not anyone else or anything else.

make sure the market does not tempt you into trades.

i am now knowing how to do that and i am therefore surviving.
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Two Posts ago you said Brooks is always right and when you thought he was wrong, you had misunderstood ;)
 
padutrader said:
basic trend following by Brooks and all technical analysts is a trend is in force until it is reversed.

a reversal of a bull is when there is strong bear move followed by the test of the high and then a triggering of a lower high DT or higher high
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all you need to trade is this simple method.

why write 3 books?

though what he writes is useful stuff for the experienced trader.it is not for the novice
 
Darc said:
Two Posts ago you said Brooks is always right and when you thought he was wrong, you had misunderstood ;)
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yes i did.

but Brooks also says that you have to decide which trade to take.

what he says about trading every market is true but it is also a personal choice
 
Darc said:
you had misunderstood
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brooks is not easy to understand.

he never puts anything simply: follow trend until it reverses. a reversal is a strong counter trend move, followed by a test of the high/low and a continuation of the counter trend move.

this is simple but Brooks does not tell it like that.
 
padutrader said:
brooks is not easy to understand.

he never puts anything simply: follow trend until it reverses. a reversal is a strong counter trend move, followed by a test of the high/low and a continuation of the counter trend move.

this is simple but Brooks does not tell it like that.
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When a trend is mentioned, how long is a trend?
Because not all trends have (a) a reversal which is a strong counter trend move, (b) followed by a test of the high/low and (c) a continuation of the counter trend move.

Let's put it another way, it's gibberish theory, as there are no predictable patterns in trading.
 
themickey said:
Let's put it another way, it's gibberish theory, as there are no predictable patterns in trading.
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you cannot predict anything in this world not only trading.

in trading, as in everything else, you only know anything in certainty, after it happens in hindsight.

after there is strong counter trend move and the test of extreme, then you know that a trend has reversed- in hindsight.

the new trend also can reverse
 
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