WHAT IS A SECOND ENTRY ?

[padutrader]

I ask you what is context and you never give me an answer?

if it is a trading range day then you trade TL breaks and signals.
in a trend day i cannot even risk a small stop so i trade near support or near resistance meaning H & L. i trade it like range action-i do not trade breakouts like most normal traders because i cannot put correct stop loss.

i also recognise how bottoms are formed. markets hammer out a bottom


if you are observant and know market principals well and have experience of watching bars for years then it is workable trading inside bars.

you have to see context and then decide how you want to trade within your risk parameters.

 

[MACD]

if you are observant and know market principals well and have experience of watching bars for years then it is workable trading inside bars.

you have to see context and then decide how you want to trade within your risk parameters.

Brilliant, concise summary, of your pointing to Concepts that you have mastered. Thanks

 

[SimpleMeLike]

I ask you what is context and you never give me an answer?

Hello ironchef,

Your eyes will never lie to you. Your brain will never let you forget.

Your bank account needs confidence before money can flow in it like the water.

Full Disclaimer : I am currently a Losing Trader so far of about -$7,200 on the fiscal year of 2023. Let's see how the next 2 months go. My comments are not worth a penny with a hole in it because I am losing trader right now.

 

[padutrader]

Brilliant, concise summary, of your pointing to Concepts that you have mastered. Thanks

i am trying but not as consistent as i would like to be.

i really have to tighten up on a few things.

appreciate the encouragement

 

[Darc]

In essence SimpleMeLike is doing what Al Brooks did for 10 years, just observing the Market.

Only difference is, Brooks has a large IQ and a strong work ethic and took detailed Notes etc.


Thats part of the reason Brooks has these different names for different things, I assume.

 

[padutrader]

In essence SimpleMeLike is doing what Al Brooks did for 10 years, just observing the Market.

Only difference is, Brooks has a large IQ and a strong work ethic and took detailed Notes etc.


Thats part of the reason Brooks has these different names for different things, I assume.

trade what you see,they say.not what you think

it has merit, but as usual you have the other side, so you see one side and trade.
that is why they say there are bulls and bears but they do not say there are bulls bears and both

 

[padutrader]

second entry became reversal.

i have to clarify or change what i said earlier.
the second entry is after a trend line break but the break should not be of a major trend line and it should NOT have strong strength.
if it shows strength and breaks a major trend line, then the next leg will be a test of the strength of the leg, that broke the major trend line and so if the test is successful then there may be a reversal.
now for a reversal you need a reversal bar or pattern- a bar is stronger- and a break of the major trend line. both.
so if the reversal does not happen, then the market is of the opinion that the TL break of the major TL, is not strong enough, to reverse the market.
please note that the test can be a HL,DB or LL in case of a bear that is reversed by a bull reversal bar.

if this sounds like Brooks, it probably is. If it sounds like a duck, it is a duck

PS: now the question is: what is a break of a major trend line? and what is a major trendline
that Brooks does not answer
i can if you ask me to. Nicely. horribly. Badly. Lovingly. i am not fussy. but i am stupid since i took 30 years to understand the market, so if you ask me what does that make you. but go ahead i love the attention.

 

[padutrader]

Brooks has these different names for different things, I assume

different names for old things.
his H2 buy is nothing but a H&S pattern which failed and all patterns have a failure rate .see Bulkowski and you will get the exact percentage.
a successful H&S may well be the h2 failure which is the L2 sell

now a successful inverse H&S is a H2 buy.

so Brooks is not bullshitting he is just repeating traditional TA in different words and confusing the hell out of us.

he is good trader but a fraud educator- he is just teaching what is out there and claiming to be different- like all of the other teachers.

There is only one market and one market action

Ross calls the first correction after a BO as a Ross Hook. Cheek of the guy

Brooks does the same and so all teachers appear to be egomaniacs, at the very least and frauds since they all teach the same thing, saying they figured it out by themselves !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

so we say oh fcuk he is a genius because we do not understand the fuck he says

 

[ironchef]

this is what brooks calls a trading range day.... i doubt if anybody else would call it that but on this day certain trade strategy and setups will work. this is, a good example of context. View attachment 327117

this is a broadening pattern and breakout test of the bear leg down on a trading range day
wait for set up to trade this is what i say when i say you need numerous reasons to take set up: context context View attachment 327119

this is a micro and major DT triggered also second entry but i scalped out because the momentum of up leg was too strong and so the beautiful sell signal would fail it is a bear trap.it may also turn out to be DB bull flag this is contextView attachment 327121

But they are the same chart!

 

[ironchef]

My head is spinning. I need time to think.