Tribute to Brooks

padutrader do you have access to Brooks video course ? if you do.. new or old ?
actually no......i have seen parts of it........

i know the video course appears easier to understand.......

i remember having one of the old ones but it seems to have got lost .....i did not pay for it.....but found it somewhere

i did buy his book.....
 
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that is ok as long as you think clearly and have all the good reasons to take the risk in your head and do not get killed if you are wrong...a little hit financially and emotionally is ok.

and if you are new to trading and trading demo then it is better to take as many trades as possible, record why you have taken them..........

nah. It is better to practice like you play. Only take the trades I will take once I feel like im ok in sim. Looks like it got down to the 79099 area like i said so not too bad.

So I would have more than made up for my Stop out earlier.
 
well the market has broken down again so your reasoning haS WORKED AGAIN

https://screenrec.com/share/6x2ausvkc4

I would have been out. That big bear bar was an exhaustion bar. So big though that there was probably going to be a second small leg down from it, which is what happened.

So id be out and waiting to see what happens next (hopefully a big bull bar closing on its high). Goin to bed now though, gotta wake up and trade my shift in the morning.

ETA: yup, big bull bar closed on its high right when i posted this and now look at it. making money on both sides is good.

ETA2: if it breaks out of the DT which i would say it probably does go higher considering the size of this first leg, then look for a MM up. However that consolidation will be the first hurdle. If it passes that the next target would be MM based upon the height of the TR -79274 area.

if there is a PB on this big leg, maybe it breaks or maybe it just forms a DT and retests the first legs high and thats it.

This is what id be watching. anyway, goin to bed
 
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