Trading the ES live-the Brooks way

[padutrader]

the 4th bar from the right is the bear breakout-not strong- but it is a breakout.

the next two bars, 3rd and 2nd, a bull doji and a bear inside bar, is the channel phase.

the next and last bar shown, doji reversal bar /correction, is the range phase.

there was a bull bar after that, NOT SHOWN, that was leg one and the cycle reset

it is rarely clear as that but i post it just to illustrate the concept

 

[padutrader]

A SPECIAL THANKS TO @volpri for pointing out the market cycle. or reminding me of it.

it is critical for knowing when to count bars /legs and when to ignore them.

 

[padutrader]

if you are sure you are in range -broad not narrow-then you can count legs to know when to enter into reversal trades mainly near the top and bottom of ranges.

if you are sure you are in a trend then count legs in a pull back to enter with trend trades.

 

[SimpleMeLike]

Brooks is the only one i know who teaches students how to see both bull and bear sides.

most coaches only say enter long and put stop here.

they do not even tell their students there is ALWAYS a bear trade and a bull trade.

if at any rate, there is no bear trade, then no one will sell at that rate and simply put the offer higher, where a bear trade may be seen to exist.

Good Morning padutrader,

I never met or known a rich trader who coach or teach other traders how to be a rich trader.

And I never will.

But I know many Coach and Teachers who charge money to teach traders how to trade. These coaches and teachers never made money from trading.

 

[SimpleMeLike]

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

Complexity sales that's why 3 books.

Because his audience and customers is people like you, who want to be a trader master and think reading books helps.

It's a Scam Padu. He scammed you.

 

[Probability]

why write 3 books?

He's written 4 books.

He's been quoted as saying - I think not altogether jokingly - that he had to write the second, third and fourth ones to clarify in detail what he was trying so very badly to say in the first one, which is after all about as close-to-unreadable as a trading book can be?

 

[padutrader]

He's written 4 books.

He's been quoted as saying - I think not altogether jokingly - that he had to write the second, third and fourth ones to clarify in detail what he was trying so very badly to say in the first one, which is after all about as close-to-unreadable as a trading book can be?

 

[padutrader]

brooks method will NOT tell you whether the market is a bull or bear.

you have to first determine that. This is obvious.

 

[HawaiianIceberg]

Did it break out of a strong resistance or weak resistance?... ...This can be done by looking at the length of the range. The longer range (stronger resistance) usually leads to a strong breakout. Shorter range (weaker resistance), on the other hand, tends to fail after breaking out and will often reverse direction.

Aloha @schizo !
When you say length, are you referring to time?

 

[padutrader]

have shifted to micros so am now swing trading and you know what ?

Brooks works beautifully here too after scalping for 20 years swing is a child's play or actually a old man's play.