That brand is from Mexico but Donald Trump might build a special wall to block it out because it makes Budweiser taste insipid. But you have Kingfisher, right? Loaded to the hilt with Glycerin, goes straight to the gut but the taste is too awesome to resist.
While Brooks 'patterns' are well just old stuff, a lot of his stuff is brilliant one such brilliant stuff is the contention that when a trend is in force, if there is two leg move test of the highs or into new highs, it is the same as a bear flag and should be sold. Brooks is an enigma but all he teaches is not rubbish....i recognise his gems and use them in my trading...but you have to be choosy this two leg test of highs is happening right now in eurusd and i have sold a small lot of 0.01 since i am enjoying beer right now celebrating because i am now a profitable trader see chart and watch eurusd. i will give update but as i have written this it has fallen 10 pips!
TraderGod, I hope you have higher timeframe charts open and not just the 5-min. shown. Without perspective you will perish quick. At the very least keep the 1H open too. Another thing, see what happens if you scrap all those bargirls dancing around in the chart and just plug in an 8x21 ema. Beers at the beach with a nice clean chart. Narendra Modhi would be proud of you. Your 2-leg move to test high is right but remember this high Euro is testing is the 200-period on 5-min. Its an easy bet when you see it again Biggest danger for you is ............. look at the top of recent dive from 1.1995. Count the sub waves. I count 5. You know what that means, right?
perfect description of the king[fisher] trump is like a king not a president but he makes presidency fun
i traded elliot for 5 years so i have some idea you are right but i am just illustrating one of Brooks gems i do what many people call scalping. just check out my recent trades in my journal..do you have a journal i want to help some one from Mumbai i am in hyderabad i stayed in juhu for 25 years
if you mean the downtrend in eur is over you may be right is that what you mean when you say count the sub waves?
He's way more than people give him credit - he is the consummate hunter that goes straight for the jugular. This is extinct in America nowadays that's why so many hate him. During the election period the TV stations in America were putting out all kinds of stats about how Clinton was way ahead - same as the bs on CNBC throws TRADERS off the scent. I stuck with what I know-ed - the working class fellow worshipped Trump, he was their savior. He would win. Then after the election, to uncover all the fake TRADERS = posers = bums I dug up this video. Pertaining to your TRADING, pay special attention to the exact seconds when Ann Coulter was literally laughed at so hard the room shook. At that moment you had nice evidence of the ("contrarian factor in financial markets & Life) - Trump would win. The crowd rarely wins at major turning points - observe tops and bottoms in the Dow Jones for comparative study.
Scalping? I thought that was taboo since the Dark Ages. No journal, chief, but I keep alll my charts as instant one glance review - very fast, very effective saves gobs of time. Your trader friend in Mumbai - show him this and tell him to bail at the first sign of trouble and don't BUY nothing after the first lower low. Otherwise this is likely scenario - pray and jump out windows in 2008