Tribute to Brooks

[padutrader]

long failed channel line breakout......

 

[padutrader]

long failed channel line breakout......View attachment 250212

closed ASS because i think i made a mistake going long.....it is better to wait for a long signal to fail and take the short signal

 

[padutrader]

failed failure........failed channel line break out failed and the failure failed, a break out pullback long....LONG

 

[padutrader]

as i trade brooks one thing becomes clear..

once the trade is on it has to be evaluated on a constant basis to know when to take the profit.....

this is critical ....if not many of the trades get stopped out

 

[padutrader]

failed failure........failed channel line break out failed and the failure failed, a break out pullback long....LONGView attachment 250218

closed ASS

 

[padutrader]

sold failed channel line break out.......

 

[Onra]

I do appreciate your effort to give a demonstration trading "the Brooks way".

But if you can't pull this off, I certainly can't...

 

[padutrader]

long

 

[padutrader]

I do appreciate your effort to give a demonstration trading "the Brooks way".

But if you can't pull this off, I certainly can't...

i am not special

can you point me to something easier?

 

[oraclewizard77]

as i trade brooks one thing becomes clear..

once the trade is on it has to be evaluated on a constant basis to know when to take the profit.....

this is critical ....if not many of the trades get stopped out

Why do you need to evaluate a trade on a constant basis. Why not just choose a target and stop? Don't you think if you are constantly getting stopped out, your stop is too close to your entry? Don't you think once you are in a trade, you are less rational and therefore it's better to have automated your stops and targets?

What part of his book says you must constantly evaluate your trade?