Tribute to Brooks

never put a stop beyond a wick or tail

 

if you want help in trading the best thing is pray to God

 

14 years forex tested my patience........and i failed.

so not Brooks fault

now bitcoin is giving me joy.........

the joy of trading correctly...

do not have to wait 5 hours to see 5 ticks profit.

 

Then put where?!

 

a solid bar........wicks are sometimes tested

 

yes he would

but i am comparing patterns to reading and trading trends.....you may lose the trade in a trend but not if you read and manage it correctly.........

that said market can do the unexpected and you have to cut and run without any emotion

 

bitcoin has formed a broadening triangle...and a right angled descending broadening triangle [not drawn to keep chart simple]

 

this one too

 

Brooks does talk a lot about this expanding triangle ' family' later in his book.

i found them incredibly difficult to spot and trade and so i ignored them for 14 years. BIGGEST MISTAKE.

this pattern reading is far from bar by bar and so i thought i would be ok.

results show i was far from ok.

i am now including them in my trading.

 

maybe this is wedge