sold Es at 5800.50, stop 5803, target 5789 but i am scalper so .... reason for trade is end of structure. spike and two legs channel. also an outside bar on a bigger timeframe, so selling high, is always a reasonable trade.
i accept that scalping out when you know you have a swing is a criminal act or should be. i am therefore decided to wait for the swing target unless market says that target is not on the books
i have been questioned many times why i have started this useless thread. it is not for self praise, to show what a great trader i am. it is to show that Al Brooks is far from being a fraud and the only reason he is marketing his method is that he wants to find an heir to his throne. so stop wasting energy and start using it to learn what Al has to say
exited for half point. trading plan was very grandiose but the result was practical now i understand why Brooks often scalps out
remember, that using 5 min is to get more trades, and many traders will scoff at 1-2 points profit per trade. that is the Brooks objective. agreed it is very dangerous for novices. who do not understand market structure like Brooks does. if you use his method without a clear understanding of this important facet of trading you heading for a major disaster
You had to keep your short open but … Cut winners short and let losers run Brook is making more from you than trading
I don't think Al Brooks would be real happy about this. It's hardly a glowing recommendation to go out and buy his Books/Courses. Like Rams said, Brooks would probably send a "cease and desist" Order if he could. But Padu seems to be a good Person and has worked hard and for a long time. He deserves success.