stop triggered.
Tribute to Brooks
- Thread starter padutrader
- Start date
waiting for a pull back to the white line. which may set up an entry.https://www.tradingview.com/x/wCojEY6D/
long trade entered......two positions .77441......stop .77370....one position target RR1 at .77531, top of spike,
second position target at .77653
second position target at .77653
stop tirggered
sold .77395 stop .77444...target .7713....a measured move down.
it is also a second entry short.....a double top bear flag
a larger pull back and a possible second leg down....
it is also a second entry short.....a double top bear flag
a larger pull back and a possible second leg down....
added one more position short.....tried to reverse the down move and failed: broke the bear trendline and then failed..so a failed breakout above the trend line.
this is second entry short
entered .7733 stop same as before .7744 same target as before .7713
the two moves marked by the two white lines show two failed attempts to resume the up trend shown by the blue line so is a L2 short.....a lot of traders understood this as can be seen by the big down bar.....https://www.tradingview.com/x/RYOi8Dby/
this is a two leg move shown by white line, a two leg test of the swing low shown by blue line....a further down move will indicate that, since two legs is a corrective move, that failed, any further move down is not a corrective one but a new down trend. any up move will mean a resumption of the uptrend
https://www.tradingview.com/x/NpAQ8qF6/
https://www.tradingview.com/x/NpAQ8qF6/
blue line is the first leg or attempt down and the yellow line is the ongoing second attempt or leg down......a trend line break is necessary to even consider a long or a closing of shorts
if that is not forth coming the target may be extended
https://www.tradingview.com/x/tyWvrgYS/
if that is not forth coming the target may be extended
https://www.tradingview.com/x/tyWvrgYS/
the blue line is a copy of the yellow and dragged to the low.....any breakout of the blue line which fails, will be a long entry.....incidentally the target is placed just below the blue line, at an over extension of the channel line, which is a good place according to brooks to look to take profits https://www.tradingview.com/x/kFsQwQgb/