Tribute to Brooks

i have seen all break outs from inside bars reverse -fail as brooks calls it.....to confuse you maybe

but the time the break out reversal does not continue to new highs / lows but reverses again this is a trend reversal

 

and 13 years later Brooks have failed you again and again...

 

yes....

.... same way elliot has failed me, Hansen has failed me. Raschke has failed me, Bollinger has failed me......my trading soft ware mt4 has failed me.....macd has failed me ,ema has failed me....

you are really use fantastic logic

 

People are rude. You are not dimwitted. There is nothing wrong following a trading strategy completely. Even I made some errors last week. I have a specific rule not to trade long right at resistance and I broke it so I took some days off of trading. The mind sometimes pays tricks sometimes, so you need to follow your rules. If price was breaking resistance depending on type of resistance, I could have gone long. I need to not assume price was going to just break this resistance level and go higher right away. I also broke a 2nd rule and instead of just stop trading I revenge traded a few more times with no real setups. Also, I need to remember not ever day am I going to win, some days are just bad days to trade.

 

You should burn all their books.

 

That's why I destroyed most of my trading books by burning,
and I deleted all the indicators.

And I sweated blood to develop my own holy grail.

 

i burnt Tiger Woods book.

i played for 25 years...did not become world no 1

 

I don't think you understand the grounds for the assessment. I agree, nothing wrong with following a trading strategy completely. In this case, the OP is claiming to follow a particular strategy completely, and yet is following it not at all.

 

all true......

resistance becomes support.....the market gives second chance to enter always ......i was buying the support whole weekend in the training mode in my mt4 and did well. there is a clear edge in trading around the S/R......KISS works well....

i am going back to basics....buy low sell high.....most times there is a range or congestion.....S/R.....break out and then S becomes R or BO R becomes S market keeps repeating this....... simple edge

 

i am going back to basics....buy low sell high.....most times there is a range or congestion.....S/R.....break out and then S becomes R or BO R becomes S market keeps repeating this simple edge