I mentioned this trade trigger yesterday (though of course it doesn't work every time) Close below the high close bar low:-
How rude of you, tiddly wanks. You should go wash your mouth. LOL. On a serious note, it's not the first time you jump into a thread all emotional and missing what the discussion is all about. I never expressed distaste towards anyone who claims to be using a method or said anything to that effect. I don't need to repeat specifically what I wrote. You can re-read it and see if you get it on your second attempt. If not, I'll repeat my point. I don't. So, no worries about that.
H2 which is always a long signal for me. I closed the shorts (-8 points) and opened a long position at 4426, one tick above the high of the 4 hour candle that closed at 10 AM Eastern. The breakout again failed, and if ES does not close above 4435.50 I will exit the position and wait until tomorrow morning to see what sets up.
Many thanks for your input as always Rams Fan. Do you think that your success as a Trader is due moreso to your experience, rather than Brooks teachings?
You display some very perceptive thinking here: Especially the part that our human nature is willing to gamble with losses but we are afraid to gamble with the risk of losing our profit. Incidentally, "Averaging Down" works more than just "often". It works most of the time because of the market volatility, but when it does not watch out because it will wreck your account. I too have learned my lesson well about averaging down.
Jack Hershey died a number of years ago (2016 or thereabouts?). Somebody posted the obit which included his address. The house was a ghetto shack in some one-horse town in Arizona. If memory serves, Hershey's primary disciple on ET (who naturally claimed to be pulling down 2-3x the ATR every day out of the Emini futures market) was eventually doxxed as a convicted sex offender who managed a small campground in the Southwest. tl;dr Hershey never made a dime trading, and anyone who claims to make consistent money applying his nonsensical principles is lying.
Dude, no matter whether he made money or not, you shouldn't treat the deceased that way. That's extremely rude and disrespectful.