my summary or my understanding of Brooks price action

Thanks Paul,

Once entered trade , what are exit methods.

For example, give examples of stop loss placements and trade management.

I'm currently just using exit when bar above an ema. I just use that cause I kept doubting when to exit intraday.

 

this is starting out well. I hope you stick with it. I will stick with you on this trading journal.

 

You have to define where the signal is occurring, how far from where trend changed? Whereas if trend been going for awhile, there is more risk and less possibility of extended profits. Couple of pullbacks after trend changed most are waiting for these, but deeper into the trend, I would have changes of amount risk and go to breakeven stops faster.

Trading ranges can occur if highest high bar has huge range and then bars fit inside of this high bars' range, should never do breakouts, more along the lines of finding support and buying there and risk is thereby much lower. Having 2/3 equal/near equal lows if high bar is not huge range is enough to buy on if trend has experienced longer part of a swing. IMHO

 

I never read his book. Should I?

 

I'm curious if he's ever commented on how universal his method is - did he say it can be applied to forex? Does he use volume in his analysis at all? Not very familiar with his stuff.

 

that is easy to solve
you could search for brooks on you tube

 

I hope Padu can make this work so he won't need to find a rich widow lol.

I read the book... to me it's still tea leaves reading lol... but it does give you some ideas even if you don't do short term.

to me trading is so much easier once the news events are considered.

 

DO NOT READ HIS BOOKS
but his video courses are dirt cheap.....maybe the cost of a good dinner in a high class American restaurant.....i say maybe because i have never been to America.....
i read his book 12 years ago.....
but if want free then you tube is the place to search.
i did just that...because after paying for a 200 books over a 20 years i got reluctant to pay for anything

 

i always trade during during news events and have yet to lose money because i scalp.
most experts say do not trade news........

 

i have made nothing work in my life because i always am looking to make a killing.
that is because i have always had a small amount of income so what is the point of making a little money
so i am one of the lucky few