[thalestrader]

Originally Posted by Mr_black »

Here is long with trend setup for EURUSD pair

Is that an hourly chart?

Thank You,

Thales

[forrestang]

ON another note not really related to trading, I have one of my buddies I've been studying the market with over the past year reading the book.

He says, "I feel like i tested into a class I have no business being in."

I thought that was funny

[jolee]

Originally Posted by DynamicFx »

The setup you've shown is very similar to what I'm working with at the moment. I've watched one of the flash videos on this thread, and was a bit confused with the L1-L2-H1-H2 labeling, and didn't want to add any noise to what I was already doing. But if the book is basically what you've shown here, I might have a look at it.

I've attached a chart of what I'm looking at now for example.

Thanks.

Mr. Brooks recommends buying H2s and shorting L2s as I see it in your chart (I must have missed a bunch too).

[Mr_black]

Originally Posted by thalestrader »

Is that an hourly chart?

Thank You,

Thales

Daily.................

[Mr_black]

15 min EURUSD setups

[thalestrader]

Originally Posted by Mr_black »

15 min EURUSD setups

Here is an EURJPY short from last night. I use range bars for these screenshots, but I typically identify opportunities using a 15 minute bar chart. +37 ticks at first target and +112 ticks at second target (assuming the trade was held for targets with initial stops).

[Maletor]

Here are the ES trades I saw for the first 90 minutes.

Let me know what you think... The microtrendline was not perfect as there could have been a channel overshoot.

L1 barely filled.

[forrestang]

Originally Posted by Maletor »

Here are the ES trades I saw for the first 90 minutes.

Let me know what you think... The microtrendline was not perfect as there could have been a channel overshoot.

L1 barely filled.

That 'ii' could have been taken either direction. You got your scalp portion filled to the long side which came first. Then you could have considered that a failed breakout/long trap and gone to the short side. Either way worked. Some guys I'm trading with did both this am.

I think the microTrenline trade was fine (although it really didn't break a TL, but it was a L1), there was momentum there so no reason to not expect follow through, what kept me always was I was hesitant to short into the Globex Low. But I think it was a decent L1 to take with strong momentum.

You also missed the best trade of the day, which was the first bar, gap breakout trade.

Forrest