[Shamal]

Originally Posted by forrestang »

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

Forrest

Could you elaborate on this with a chart.
Do you mean going long on the breakout of the high of the first 5min bar.
If so, would appreciate if you point out the chapter or pages on which Al Brooks explains this strategy. I am still in the first few chapters.

[ACS]

Originally Posted by Shamal »

Could you elaborate on this with a chart.
Do you mean going long on the breakout of the high of the first 5min bar.
If so, would appreciate if you point out the chapter or pages on which Al Brooks explains this strategy. I am still in the first few chapters.

Page 302. Trend Bar on Gap Open.

[Maletor]

I haven't gotten to the chapter on "The first hour" ... yet.

I took the L2 on the pullback which quickly turned into barb wire and stopped me out. The L2 was also a channel overshoot.

Here are two nice setups during lunch:

[Mr_black]

+17 ticks net profit today

[szubaark]

Nice. I see you let your Profits run if possible.

U trading 1 contract or 2?

thanx

[Mr_black]

Originally Posted by szubaark »

Nice. I see you let your Profits run if possible.

U trading 1 contract or 2?

thanx

1...................

[szubaark]

1 contract
$12.50 AFTER Commissions -$40

10 trades 3 Winners, 7 losers

Got caught in Chop(In hindsight). Chop(Barbwire) continues to be my biggest Problem. Its EASY TO recognize AT END OF DAY, but real time its Hell.

No setup to catch the morning Drop UNLESS u chased. Big moves usually happen with no clear setups.. nature of the Beast

[thalestrader]

Two trades based on price action only. I have not read the Brooks Book, but I imagine from the title that it is price based trading and not indicator based.

ES long at 888.25 sell limit 893.50 +21 ticks

6E long @ 1.3944 sell limit 1.3977 +30 ticks

Best Wishes,

Thales