Trading the ES live-the Brooks way

Discussion in 'Journals' started by padutrader, Aug 18, 2024.

  1. padutrader

    padutrader

    flatter trend does not mean trend has ended... you like me forgot about the larger bear trend that is going to kick in and you will likely get maybe one final 3 pushes down
     
    #311     Aug 22, 2024
  2. padutrader

    padutrader

    but i agree my entry was wrong....i was only looking at the bear side but the bull side had too much momentum. I should have waited for one more bull leg; my entry was early but maybe my trade management may allow me a profit
     
    #312     Aug 22, 2024
  3. schizo

    schizo

    Nah, you're only exposing yourself to bigger risks. There's absolutely no need for that.

    Anyway, this one is from Brooks videos that I copied eons ago. I marked "LL" and "HH". Let that sink in for a moment and see if you can connect the dots.

    upload_2024-8-21_22-0-8.png
     
    #313     Aug 22, 2024
  4. schizo

    schizo

    I'm not gonna specifically comment on your trade, but here again, you're risk:reward isn't all that appealing for this entry.
     
    #314     Aug 22, 2024
  5. padutrader

    padutrader

    thank god for the bigger bear leg /swing.

    this up move has flattened the larger the bigger bear move .
    maybe i will get my target of 5628
     
    #315     Aug 22, 2024
  6. padutrader

    padutrader

    i was trapped in a bad entry so am forced to manage it the best i can.
     
    #316     Aug 22, 2024
  7. padutrader

    padutrader

    maybe
    taht is personal is it not
     
    #317     Aug 22, 2024
  8. schizo

    schizo

    Oh, so you do realize that you were trapped. Well, maybe you can now avoid getting into those traps in the first place. And you can start by not entering while the trend is flat. :caution:
     
    #318     Aug 22, 2024
    HawaiianIceberg and padutrader like this.
  9. schizo

    schizo

    Isn't this trading 101? IIRC, you should only buy the pullback in an uptrend and sell short the bounce in a downtrend. And avoid the chop at all costs. I'm pretty sure that's the rule of the game.
     
    #319     Aug 22, 2024
  10. padutrader

    padutrader

    it is not RR alone it is the probability.
    probability is good i think for one more move down
     
    #320     Aug 22, 2024