if the signal bar is good it will not be tested by a breakout pull back. if it is doubtful but not bad then it will definably be tested. make sure the signal bar is good .: that is the safe way to trade until you are profitable. the signal bar must have no wick or very very very small wick for example in this chart: the brown line bull signal bar was a doji with a long tail. After a bear micro channel, you need a stronger signal bar to go long or a second entry. the signal bar marked with the orange line was a stronger one because the tail was smaller, the body was larger and it was a second entry, a H2 the target ,because the ema was flat ,was the top of the range,or top of the bear micro channel
i was afraid to enter late in the move: entering later is ok if you have a solid bear or bull bar before your entry, closing at it's extreme with little or no wick, as a context
you realized it. IMO, Brooks is genius all TA teaches read bar charts. Brooks reads BARS. that is why he can scalp. you can easily get 40 one-point scalps in ES throughout the day. how difficult it is to make 4 ten-point swings in one day, ES?. i too am learning to do what Brooks does.
"you can easily get 40 one-point scalps in ES throughout the day." 40 points per day on the ES is very ambitious IMHO. A 60 point monthly profit is more realistic, and very much do-able. 720 points p/a. With leverage, that is a very respectable return on investment. EDIT - Just checked, the SPX was up 354 points for 2023 at the end of October, so 60 points per month is beating the index.
Onya mate. Im enjoying the comeback and the 'was blind but now I see' revelations.Keep up the good work. How long do you estimate till back to break even?
In scalping it is possible .....but i try for 10 but i actually achieve 5 now . i am dreaming of increasing it but i know 5 points aday will be enough to make a living. the key Al say is to increase the contracts and try to be consistent