Tribute to Brooks

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

  1. padutrader

    padutrader

    #41     Jan 28, 2021
  2. padutrader

    padutrader

    sold short zx1.png
     
    #42     Jan 28, 2021
  3. padutrader

    padutrader

    #43     Jan 28, 2021
  4. easymon1

    easymon1

    What would you say are a couple of the most frequently occurring Brooks setups?
     
    #44     Jan 28, 2021
  5. padutrader

    padutrader

    you need some way to filter the ones you are going to trade.

    set ups are a dime a dozen.

    many are conflicting.....

    i like using trend lines. this can be subjective but powerful.

    i use them to indicate failed break outs.

    i think it best, if you are new to him, trade only second signals [especially if you are trading a reversal], though in a fairly strong trend, if you are trading with the trend.... you can trade the first signal.

    if you ask questions about specific trades i have posted i can be more specific.

    Brooks also says that the clearer set ups are more likely to be counter trend, and be a trap....

    so i sometimes just wait for the trap to be sprung.....and get an entry
     
    Last edited: Jan 28, 2021
    #45     Jan 28, 2021
  6. padutrader

    padutrader

    sold wq.png wq.png
     
    #46     Jan 28, 2021
  7. padutrader

    padutrader

    #47     Jan 28, 2021
  8. padutrader

    padutrader

    sold this is what Brooks says to wait for: second entries. safer. did not listen to him should not have taken last trade. sa.png
     
    Last edited: Jan 28, 2021
    #48     Jan 28, 2021
  9. padutrader

    padutrader

    stopped out
     
    #49     Jan 28, 2021
  10. padutrader

    padutrader

    long vc1.png
     
    #50     Jan 28, 2021