Tribute to Brooks

i think i have also answered about my exit strategy

 

think i have also answered about my exit strategy

 

if you think like this you are least bothered about moves against your position

 

And having the flexibility to jump from one to the other side faster than Jack can slide down the bean stalk.

 

lol, correct.

 

that is easy if you understand probability.

most do not-many have not even heard of it- so they watch their stop trigger

when the low probability trade triggers then every pull back will be used by the high probability guys to enter.... that every pull back will be used by them to reposition and so you should be fading all pull backs.......

 

that is why brooks is so cheap.....he does not explain anything.....you have to figure out most of it.......you have to put everything together....it takes a lot of effort.....but he does tell you where to look...

 

understand what role probability has in markets; then you understand everything: sell or buy; where stop should be; where target should be.

trading will always be a mathematical problem

 

Still waiting.

 

I thought you were going to give updates on this one?