why? i am having so much fun. everybody is posting here. why should i post anything? why are you asking me ? Ask them ! to post their trades [here].
The market punishes the proud. Always. Trend traders spend days getting chopped up by fake breakouts and then make it all back (hopefully with profit) on trend days. Mean reversion traders scalp the points by averaging in on most days but then get destroyed on grinding trend days. Sort of like option buyers and writers.
I was not referring to you personally but making a generalization. As in "one", not "you" specifically... He always talks the bull and bear case. That is sort of helpful from a chartist POV but it still does not translate to a strategy in any way. Bar by bar is essentially just reading the tape.
Reading the tape is not specific to Al Brooks, he just discusses each candle. Sort of obvious when you zoom into a smaller timeframe. That is essentially a lot of what he does: lower timeframe analysis by simply interpreting 5 minute bar behavior. Oh btw, you're not a real Al Brooks guy unless you can do his raspy voice saying "Lower high major trend reversal..."
He won't tell you When I was in his trading room for a month he'd sometimes say when he closed out a position (and of course it sounded always profitable or a near scratch). At the end of the day he's discretionary so he uses his handful of strategies to trade how he sees fit. He does discuss his setups in his books (very difficult to read btw) and his webinars. But again, it's postdictive.
ok by popular demand-for fun- but not for overnight long 5627.75 stop and target as shown on chart break out above a pair of doji bars after a big bull bar a clear Brooks buy.