Tribute to Brooks

Discussion in 'Journals' started by padutrader, Jan 26, 2021.

  1. ironchef

    ironchef

    @padutrader has my respect. He is a gentleman, kept his cool in spite of many here who gave him a hard time.

    Don't forget, you said he failed only because he said so. There is zero evidence he failed.

    Far from it. Anyone who understands Brooks cannot be dumb. I read the book many times, even then, still don't understand his method and still cannot trade like Brooks.
     
    #311     Feb 14, 2021
  2. padutrader

    padutrader

    i am wondering if it is necessary.....no insult to brooks....

    i have traded Pring Elliot demark fib Hansen Bollinger Rashcke but ultimately the market keeps doing the same thing but different people see it different ways.

    the best traders, the enlightened ones, trade the way they see it.


    the market keeps doing some very simple things...

    breakout of S/R....pull back to breakout area.....break out again above the pull back extreme.......

    if you wait for these points you will do ok.......it can get confusing sometimes because the market does this on multiple time frames
     
    Last edited: Feb 14, 2021
    #312     Feb 14, 2021
  3. padutrader

    padutrader

    i am going back to basics....

    ....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

    even brooks says traders should swing...he has said that he scalps to pass time waiting for swings to set up..bigger moves take time to develop

    A handful of patience is worth more than a bushel of brains.
    Dutch Proverb

    decided to throw a bushel into the dust bin
     
    Last edited: Feb 14, 2021
    #313     Feb 14, 2021
  4. padutrader

    padutrader

    it is really quite simple if you use some trading common sense and look through some of his terms like H2 [which is a two leg pull back entry].

    if you use his basic set up..... buy enter which is buy above a good looking bull bar to enter what may be a swing up .........it is not very difficult to understand
     
    #314     Feb 15, 2021
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  5. ironchef

    ironchef

    Thank you. Appreciate you took time to read and responded. Appreciate the coaching.
     
    #315     Feb 15, 2021
  6. themickey

    themickey

    Perhaps ironchef and OP are in the same boat, paddling in a pond going nowhere.
    But don't give up! :)
     
    #316     Feb 15, 2021
    ironchef likes this.
  7. ironchef

    ironchef

    Takes one to know one. All three of us. :D

    And thank you for your encouragement sir.
     
    #317     Feb 15, 2021
    themickey likes this.
  8. [​IMG]
     
    #318     Feb 15, 2021
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  9. ironchef

    ironchef

    OK, I will add you into the mix. Now there are four of us.
     
    #319     Feb 15, 2021
  10. themickey

    themickey

    I follow no gurus, count me out.
     
    #320     Feb 15, 2021
    ironchef likes this.