Tribute to Brooks

closed looked like forming a channel

 

long target 1R

 

Volpri,

Thank you very much for pointing my attention to Trading Ranges book. I definitely overlooked it, because of the name of it. I thought ‘I trade well trending instruments, so ranges is not my territory’, but now I see that the containment of the book is much more than its name.

 

trade closed.

 

brooks is like that.....he does not organise things under headings.....this may be because a bull breakout may actually be a bear flag in a wider context.....

 

sold....target 2.2R

 

....

took a nap...... closed...... was not at terminal....would have made 1R !

 

sold stop above swing high target 1R

 

modified both stop and target
long at 7629 stop 7646 target 7303 so 1.6 R target

 

And the market is always, at all times, in a channel .....on some TF LOL. Many traders don’t understand that. AND BEAR CHANNELS ARE BULL FLAGS ON A LARGER TF AND BULL CHANNELS ARE BEAR FLAGS ON A BIGGER TF.