stopped out
Tribute to Brooks
- Thread starter padutrader
- Start date
sold short
trade closed at break even
you need some way to filter the ones you are going to trade.
set ups are a dime a dozen.
many are conflicting.....
i like using trend lines. this can be subjective but powerful.
i use them to indicate failed break outs.
i think it best, if you are new to him, trade only second signals [especially if you are trading a reversal], though in a fairly strong trend, if you are trading with the trend.... you can trade the first signal.
if you ask questions about specific trades i have posted i can be more specific.
Brooks also says that the clearer set ups are more likely to be counter trend, and be a trap....
so i sometimes just wait for the trap to be sprung.....and get an entry
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sold
sold this is what Brooks says to wait for: second entries. safer. did not listen to him should not have taken last trade.
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stopped out
long
