Tribute to Brooks

[ironchef]

and 13 years later Brooks have failed you again and again...

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.

@padutrader has my respect. He is a gentleman, kept his cool in spite of many here who gave him a hard time.

Don't forget, you said he failed only because he said so. There is zero evidence he failed.

People are rude. You are not dimwitted.

Far from it. Anyone who understands Brooks cannot be dumb. I read the book many times, even then, still don't understand his method and still cannot trade like Brooks.

 

[padutrader]

still cannot trade like Brooks.

i am wondering if it is necessary.....no insult to brooks....

i have traded Pring Elliot demark fib Hansen Bollinger Rashcke but ultimately the market keeps doing the same thing but different people see it different ways.

the best traders, the enlightened ones, trade the way they see it.


the market keeps doing some very simple things...

breakout of S/R....pull back to breakout area.....break out again above the pull back extreme.......

if you wait for these points you will do ok.......it can get confusing sometimes because the market does this on multiple time frames

 

[padutrader]

i am going back to basics....

....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

even brooks says traders should swing...he has said that he scalps to pass time waiting for swings to set up..bigger moves take time to develop

A handful of patience is worth more than a bushel of brains.
Dutch Proverb

decided to throw a bushel into the dust bin

 

[padutrader]

still don't understand his method and still cannot trade like Brooks.

it is really quite simple if you use some trading common sense and look through some of his terms like H2 [which is a two leg pull back entry].

if you use his basic set up..... buy enter which is buy above a good looking bull bar to enter what may be a swing up .........it is not very difficult to understand

 

[ironchef]

it is really quite simple if you use some trading common sense and look through some of his terms like H2 [which is a two leg pull back entry].

if you use his basic set up..... buy enter which is buy above a good looking bull bar to enter what may be a swing up .........it is not very difficult to understand

Thank you. Appreciate you took time to read and responded. Appreciate the coaching.

 

[themickey]

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.

@padutrader has my respect. He is a gentleman, kept his cool in spite of many here who gave him a hard time......Far from it. Anyone who understands Brooks cannot be dumb. I read the book many times, even then, still don't understand his method and still cannot trade like Brooks.

Perhaps ironchef and OP are in the same boat, paddling in a pond going nowhere.
But don't give up!

 

[ironchef]

Perhaps ironchef and OP are in the same boat, paddling in a pond going nowhere.
But don't give up!

Takes one to know one. All three of us.

And thank you for your encouragement sir.

 

[Gaslight Capital]

paddling in a pond going nowhere.

 

[ironchef]

OK, I will add you into the mix. Now there are four of us.

 

[themickey]

OK, I will add you into the mix. Now there are four of us.

I follow no gurus, count me out.