Tribute to Brooks

sold gold....you had two leg up and down move, on reasonably high momentum a pull back and what brooks calls a L2 or a LH MTR.. looks good for a leg down
qw.png
 
as you can see i have decided to put everything into Brooks language.....obviously there are many other languages that can be used and i will see if i can use another one as well but they are all describe essentially the same thing [market]
 
ironchef said:
it is 5% gain on capital in 20 days and that is very impressive in my book.
More...
return is return it may be said but i would rather like to see how it was made.....whether there was a sound method or reasoning behind it.....

this is important because, if it was not made that way and there was no repeated logic or reasoning used then, the return too would not be repeatable!

that is why i have started to put my logic behind the trade on record
 
there are two channels here, a bull channel and a bear channel.....the blue line is the channel line, copied and dragged from the yellow trendline.

are the two same? the bull channel is made up of a lot of overlapping bars compared to the bear channel which is made up of all bear bars closing at the low with no overlap...the bear channel is obviously a lot stronger so i am holding on to my short even though what may be called a wedge triggered.
as1.png
 
You must log in or register to reply here.
Back
Top