While Brooks 'patterns' are well just old stuff, a lot of his stuff is brilliant one such brilliant stuff is the contention that when a trend is in force, if there is two leg move test of the highs or into new highs, it is the same as a bear flag and should be sold.%% LOL
I saw some Al Brooks patterns on S&P E mini- leverage is not a rookie's friend @ all......
While Brooks 'patterns' are well just old stuff, a lot of his stuff is brilliantne such brilliant stuff is the contention that when a trend is in force, if there is two leg move test of the highs or into new highs, it is the same as a bear flag and should be sold.
Brooks is an enigma but all he teaches is not rubbish....i recognise his gems and use them in my trading...but you have to be choosy
this two leg test of highs is happening right now in eurusd and i have sold a small lot of 0.01 since i am enjoying beer right now celebrating because i am now a profitable trader see chart and watch eurusd. i will give update but as i have written this it has fallen 10 pips!
perfect description of the king[fisher]That brand is from Mexico but Donald Trump might build a special wall to block it out because it makes Budweiser taste insipid. But you have Kingfisher, right? Loaded to the hilt with Glycerin, goes straight to the gut but the taste is too awesome to resist.
i traded elliot for 5 years so i have some ideaTraderGod, I hope you have higher timeframe charts open and not just the 5-min. shown. Without perspective you will perish quick. At the very least keep the 1H open too.
Another thing, see what happens if you scrap all those bargirls dancing around in the chart and just plug in an 8x21 ema. Beers at the beach with a nice clean chart. Narendra Modhi would be proud of you.
Your 2-leg move to test high is right but remember this high Euro is testing is the 200-period on 5-min. Its an easy bet when you see it again
Biggest danger for you is ............. look at the top of recent dive from 1.1995. Count the sub waves. I count 5. You know what that means, right?
if you mean the downtrend in eur is over you may be right is that what you mean when you say count the sub waves?TraderGod, I hope you have higher timeframe charts open and not just the 5-min. shown. Without perspective you will perish quick. At the very least keep the 1H open too.
Another thing, see what happens if you scrap all those bargirls dancing around in the chart and just plug in an 8x21 ema. Beers at the beach with a nice clean chart. Narendra Modhi would be proud of you.
Your 2-leg move to test high is right but remember this high Euro is testing is the 200-period on 5-min. Its an easy bet when you see it again
Biggest danger for you is ............. look at the top of recent dive from 1.1995. Count the sub waves. I count 5. You know what that means, right?
i checked the 1h it may have some more down to go....TraderGod, I hope you have higher timeframe charts open and not just the 5-min. shown. Without perspective you will perish quick. At the very least keep the 1H open too.
Another thing, see what happens if you scrap all those bargirls dancing around in the chart and just plug in an 8x21 ema. Beers at the beach with a nice clean chart. Narendra Modhi would be proud of you.
Your 2-leg move to test high is right but remember this high Euro is testing is the 200-period on 5-min. Its an easy bet when you see it again
Biggest danger for you is ............. look at the top of recent dive from 1.1995. Count the sub waves. I count 5. You know what that means, right?
perfect description of the king[fisher]
trump is like a king not a president but he makes presidency fun