It might be that trading two markets at once is too much for me. I have this as wedge micro double top. Would have been another 5 tick profit. Bonds. Was watching RTY, forgot to look at bonds. I have to maybe pick one?
Made some good observations today. I have found what I need to back test to confirm. Will be sharpening my sword.
According so denominated experts on ET think you are being fooled by randomness. And they think Al Brooks is a quack.
I feel certain Brooks is not a quack. I feel certain my results are not randomness. Maybe experts are fooling themselves to compensate for poor their own results. Market Cycle Bar Counting It all happens right in front of my eyes.
Spike & Channel followed by spike & channel = market cycle H1 & H2 = Bar Counting Just chart without time and price. I posted chart earlier said according to Brooks either transition to trading range, or double top major trend reversal, or channel continue higher, or new spike. Same all day. Use bar counting to figure out what would happen next. Market cycle and bar counting I'm satisfied with the Brooks Trading Course. I said I'd give it an honest chance. I'm happy because I know now if someone say Brooks is a quack that person hasn't looked at Brooks's trading course. If they have Brooks trading course and still say he's a quack then they are fooling themselves. The problem is them, not Brooks. Brooks easy as elementary algebra x+4=10, solve for x. If you can do that. You can learn from Brooks. Impossible to think him a quack. Just watch, learn, and put it to the test.
I recall your warning. Thank you. I think trolls have left me along so far. If they come, they come. I have gotten good tips from ET so far. Even from those who don't see eye to eye with Brooks. From @Laissez Faire I added "work on taking some profits when offered". From @maxinger I added "awareness of movement". Market must move enough to let me earn. I know I forget others. I thank you for warning me and keeping me warned. Thank you for reading my journal too.
Brooks on Market Cycle: Spike then channel then trading range. That is where it is now. Could lead to extended trading range. In trading range, BLSH Scalp "buy low sell high scalp". Could lead to a double top major trend reversal. Trend reversal will result in new spike. This time down. If trend reverses then bar counting is L1, L2, L3. Could lead to new spike up. The continue bar counting, h1, h2, h3. Very clear it seems to me. Not clear why anyone would say Brooks method isn't a good method. Maybe it is too simple for some?
Wanted to update "potenital H#" to H3 and forgot. This is the corrected up to date chart. I'll be back on it tomorrow. Maybe not trade tomorrow. I have some idea of a plan I want to make formal.