Trading the ES live-the Brooks way

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

  1. Wide Tailz

    Wide Tailz

    "time to reload your account, small trader"

    -emg, a classic demotivational poster from 10 years ago
     
    #811     Aug 29, 2024
  2. Darc

    Darc

    Brooks says if a Trader could restrict himself to trading only major and minor Reversals, Pullbacks in a strong Trend, and Scalps in Ranges, they would be very successful.
     
    #812     Aug 29, 2024
    Sekiyo likes this.
  3. Handle123

    Handle123

    For my long term trading, I use all of the above, with exception of 2 minute timeframe, I look for reductions of volume, once hedge funds reduce selling as markets goes up, I turn to two minute charts looking for chart patterns to hedge first then sell futures.

    I also have 60 minute system on trendlines hedged.

    I generally use 5 and 2 minute intraday, go for makeable small profits for daily goal, let account say when to increase size. I use $5,000 profits equal 1 more contract. ES is good but I also like Crude and Live Cattle.

    Hedging allows for many losing trades on futures side but recover loses and make couple hundred more on options, so profits on overall futures losses.
     
    #813     Aug 29, 2024
    Sekiyo, Darc and Wide Tailz like this.
  4. Wide Tailz

    Wide Tailz

    It was you! Stop giving these noobs all the secrets. :D
     
    #814     Aug 29, 2024
  5. Darc

    Darc

    The most basic Trader here is SML. All he seems to be doing is Scalps in strong Trends.

    Seems like a plan if you are prepared to watch numerous Markets.

    Just click click click Baby!
     
    #815     Aug 29, 2024
  6. Note the strikethroughs
     
    #816     Aug 29, 2024
    Sekiyo and Darc like this.
  7. Darc

    Darc

    Brooks says, if the 5 minute is in a strong Trend, don't go back to the 1 minute looking for a Pullback.

    I don't quite get that. It seems the logical solution.
     
    #817     Aug 29, 2024
  8. tomas262

    tomas262

    this "jump out of consolidation" around fast MA looks pretty good when looking around markets and charts, thx
     
    #818     Aug 29, 2024
  9. padutrader

    padutrader

    Brooks is actually teaching traditional technical analysis.

    he is definitely not reinventing the wheel
     
    Last edited: Aug 29, 2024
    #819     Aug 29, 2024
  10. padutrader

    padutrader

    i do not think he says that
    he says do not go 1M looking for reversal.
     
    #820     Aug 29, 2024