Tribute to Brooks

i have seen all break outs from inside bars reverse -fail as brooks calls it.....to confuse you maybe :D

but the time the break out reversal does not continue to new highs / lows but reverses again this is a trend reversal
 
tony.m said:
and 13 years later Brooks have failed you again and again...
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yes....:banghead:

.... same way elliot has failed me, Hansen has failed me. Raschke has failed me, Bollinger has failed me......my trading soft ware mt4 has failed me.....macd has failed me ,ema has failed me....

you are really use fantastic logic
 
padutrader said:
the only favor is to follow him totally and completely.

which i have started doing for the first time.....

but like you say i am dimwitted, have a huge ego and zero know ledge, so i am giving myself some time, for results to show in the P/L....

Happy week end and happy trading
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People are rude. You are not dimwitted. There is nothing wrong following a trading strategy completely. Even I made some errors last week. I have a specific rule not to trade long right at resistance and I broke it so I took some days off of trading. The mind sometimes pays tricks sometimes, so you need to follow your rules. If price was breaking resistance depending on type of resistance, I could have gone long. I need to not assume price was going to just break this resistance level and go higher right away. I also broke a 2nd rule and instead of just stop trading I revenge traded a few more times with no real setups. Also, I need to remember not ever day am I going to win, some days are just bad days to trade.
 
padutrader said:
yes....:banghead:

.... same way elliot has failed me, Hansen has failed me. Raschke has failed me, Bollinger has failed me......my trading soft ware mt4 has failed me.....macd has failed me ,ema has failed me....

you are really use fantastic logic
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That's why I destroyed most of my trading books by burning,
and I deleted all the indicators.

And I sweated blood to develop my own holy grail.
 
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oraclewizard77 said:
People are rude. You are not dimwitted. There is nothing wrong following a trading strategy completely
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I don't think you understand the grounds for the assessment. I agree, nothing wrong with following a trading strategy completely. In this case, the OP is claiming to follow a particular strategy completely, and yet is following it not at all.
 
oraclewizard77 said:
People are rude. You are not dimwitted. There is nothing wrong following a trading strategy completely. Even I made some errors last week. I have a specific rule not to trade long right at resistance and I broke it so I took some days off of trading. The mind sometimes pays tricks sometimes, so you need to follow your rules. If price was breaking resistance depending on type of resistance, I could have gone long. I need to not assume price was going to just break this resistance level and go higher right away. I also broke a 2nd rule and instead of just stop trading I revenge traded a few more times with no real setups. Also, I need to remember not ever day am I going to win, some days are just bad days to trade.
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all true......
oraclewizard77 said:
If price was breaking resistance depending on type of resistance, I could have gone long.
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resistance becomes support.....the market gives second chance to enter always ......i was buying the support whole weekend in the training mode in my mt4 and did well. there is a clear edge in trading around the S/R......KISS works well....

i am going back to basics....buy low sell high.....most times there is a range or congestion.....S/R.....break out and then S becomes R or BO R becomes S market keeps repeating this....... simple edge
 
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