[rigel]

Also Al has mentioned climaxes a number of times in the book, so obviously he has included volume analysis at some point in his trading history.

[thalestrader]

Originally Posted by BlowFish »

Of course to a break out trader ...

Something about the way you say that makes being a "break out trader" seem rather unseamly (nudge nudge wink wink)

Originally Posted by BlowFish »

You are right about the Brooks book. It is 'setup' orientated, It is also very firmly 'scalping' for ticks focused

I realize that now. I somehow had a different notion of what his book was about when I first posted here in this thread. I did read his article in Futures magazine, but not until after I had begun posting here. As Db points out in an excellent post, trading "bar by bar" is not the same thing as trading price action itself.

I meant no disrespect to Brooks, nor to those endeavoring to learn to employ his method to their trading. My only comment after having viewed the annotated charts posted here by the various Brooks Method Traders is this: It seems like a very difficult and stressful way to trade. It obviously suits some folks just fine.

As for me, I think I'd feel rather frantic very quickly as I concentrated so closely on each particular bar. I prefer to trade less frequently and hold for a bit larger swing than to trade many times for a few ticks each time. This is a personal observation regarding my own preferences and not a judgement on those whose preferences differ from mine.

Best Wishes,

Thales

[Maletor]

Here are my trades today.

[szubaark]

7/8
Total 10 trades.. +4.25 - $50 commissions=+3.25
coudnt get Scalpers Profit at Open (first hour or so) because of of the Tight Range even thought i took entries at Tops and Bottoms.

After we broke out of Range i Realized we are in downtrend now. So held Shorts for Longer. What reall helped me was my "intuition" Long at end for +6 after the DB Reversal and 4 days of non stop selling, we were due for a POP.

This is real trades i took so they wont look as pretty as some of the end of day charts that get marked up and posted here LOL

[mbfromla]

good trading today guys,,,her's the chart for today...

[Maletor]

Here is a chart of the ZN today.

I marked this up, after 3:00PM EST.

That being said, those trades are all trades that were in my plan.

Was wondering if anybody had read the remarks Brooks had about trading bonds and would care to share.

[szubaark]

Originally Posted by Maletor »

Here is a chart of the ZN today.

I marked this up, after 3:00PM EST.

That being said, those trades are all trades that were in my plan.

Was wondering if anybody had read the remarks Brooks had about trading bonds and would care to share.

Nice trades Maletor. im having hard enough time with ES, so wont trade Bonds. I hope you keep posting your trades trading Bonds.
I remember Al said that they go into BW a lot.

[jolee]

Originally Posted by szubaark »

What do you consider "break" and what "holds"? Do we have to Close below the black line for it to break? or just Poke through it? Price doesnt just Break S/R. It will usually do fakeouts back and forth LOL, especially low Volatility summer days

Yeah, I hear you. I lost lots of money on breakouts. I think Thalestrader must have the knack of reading charts and market conditions so well that he picks the breakouts that work. I wish I had seen this webinar from the Money Show about Oliver Velez's breakout trade criteria when I'd started, gonna test it out also along with Thalestrader's breakout pattern. Al Brooks doesn't seem to incorporate breakouts- maybe he can elaborate why if he happens to drop by this thread again. (not sure if this webinar and material is allowed here but available from Money Show )
MoneyShowBreakOutSetup
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