I have never traded unirenko bars. Can you post a unirenko chart of say MES for yesterdays RTH’s? A chart that is comparable to a 5 min chart of RTH MESfor Friday?
Tribute to Brooks
- Thread starter padutrader
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My trading machine is off, as today is Saturday. And I have posted these charts for you before. I will not be able to post them until tomorrow night. I will oblige you, once again.
P.S. Actually, no, I will not do that. Because if I post my Unirenko charts, you will look back in hindsight and draw lines and find patterns and whatever where you will say "Yep, this is where I would have gone in or out", etc. So it would be disingenuous.
What I will do for you instead is post a chart during a live session, in the middle of the trading session, and have you show us where you think the markets are going and how you would play it. How's that?
You are 100% correct ...there is much difference.
With Uni/Renko, the Time and Price variables are interchanged, In this case, a usable first derivative of price in relation to time would be some sort of ROC, capable of producing signals.
Of course, the elimination of volume, arguably the most important variable for trading, is a much bigger problem. I'd prefer P&F charts.
Are you sure you posted these kind of charts for me before? Like I said I have never traded unirenko charts. I have no idea what they are based on.
I have no idea if PA, as I trade it, will work on them. So, you are asking me to look live at a unirenko chart without seeing any thing of how they work or any comparison to a time based chart and tell you where I think the market is going and how I would play it using those type of charts. That is like asking me to pilot an aircraft when I have never had any ground school or flight training. I would even know how to crank it up much less test the mags before takeoff.
Now for some reason I think your motives are not really pure. It appears you want to find something wrong with how I trade and want to use unirenko to prove it. And possibly belittle Brooks methods.
No thanks, I won't oblige you and your offer makes no sense. At least not to me.
I wouldn't know how to begin. BTW it was me doing something for you. How did it get turned around to you doing something for me and obliging me?
The only charts I have ever traded are bar charts, candlestick, equivolume, and a little tiny bit with heikin ashi years ago.
So I guess you will have to study Brooks and figure it out yourself with unirenko charts.
Why don't you and longandshort team up and start a hedge fund?
It appears to me he is trying to fish for prospects to give him money to manage. I ain't saying he is him, but he could be marketsurfer reborn. There are some similarities.
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The chart was a real chart not some made up chart. You can call it anecdotal if you like but the fact is it was based upon real evidence that you apparently cannot "see" in the chart. Even with my hints to make it easy for you.
It was not a cherry picked chart. It was a live chart from Friday's session. With annotations..entries and exits..wins and losses, live. It wasn't like I sat down and leafed through hundreds of charts and bingo picked this one.
What is to say your sample data won't be cherry picked. You know that sort of stuff happens. You gonna call the sample data anecdotal then?
Different market cycles mean nothing to me if you are talking about bull and bear market cycles. They both have Trading Ranges, Trends, BO's, PB's, Channels...etc. Always have and always will. I don't trade the cycles (bull and bear). I trade the "market cycle" which is something you won't understand because you won't study brooks or read my journal. But that cycle of which I speak of is there in ALL bull markets and ALL bear markets and it repeats over over, year after year, session after session. Nothing is going to change dramatically at least in our generation.
Did I or Brooks ever say they were not institutions? You are the poor lost soul who has no clue. And if you are trying to drum up investors to hand you over money to manage you are quickly causing that goal go down the drain pipes with all your comments. I wouldn't give you $20.00 to manage. I might give you $50.00 to buy a Brooks book so you can learn something and talk some trading sense.
You asked Mr volpri how this would work on your charts. He said post a chart because he isn't familiar with your charts. You now make that you are doing Mr volpri a favor?
Also, Brooks trading course doesn't teach you to mind read the market. A random midday snapshot may/may not show a set up at the time that would give probability up or down the market. You want advice from Mr volpri but offer no baseline for him.
You are like longandshort. You really aren't interested in facts. You just want to prop up your opinion.
If you really want to know what Brooks teaches buy his video course and study it. You won't find it here in padu thread. It is only $399, less than a tank of gas and a newspaper. $399 isn't too much for an elite trader.
I am new here and it took me 5 seconds to find that you have done what Mr volpri has asked for others here.
Look here, overnight,
That is all he requested of you in response to YOUR request.
To be honest. It is you and longandshort who are being disingenuous.
I am unsubscribing from padu journal.
Look here, overnight,
That is all he requested of you in response to YOUR request.
To be honest. It is you and longandshort who are being disingenuous.
I am unsubscribing from padu journal.
because i know doing what he teaches...... is bloody difficult........as i found out...but brooks says it is difficult and he never says trading is easy.
that is problem with trading not brooks
There's a big difference between charts "explained" after the facts and trading live...
Once I was part of the Brooks Tribe; Daily Charts were posted with lots of info...
the following day...