[forrestang]

I don't mean to clutter up the thread, but here's an L2 from this am.

1.00 scalper portion hit on 1st half easily.

[BlowFish]

Nice trade, direction and momentum clearly down and a 2 legged pullback would be one of the safest entries according to AB. What is the instrument by the way?

[forrestang]

Originally Posted by BlowFish »

Nice trade, direction and momentum clearly down and a 2 legged pullback would be one of the safest entries according to AB. What is the instrument by the way?

Thanks BF, all trades I'll post are ES unless otherwise stated. That was a 5min on ES.

Also, as of 9:35CST this morning, on that two legged pullback, that last push down was that a '3 Push?'

if it was it would have been another good trade.

[daedalus]

One thing i've been confused on with the H2/L2 entries is where the actual entry is?



Because this is how i've been interpreting it? Or am I supposed to be dragging a sell stop up the pullback outside the lows of each candle?

[BlowFish]

Signal is the green bar with the isolated high. It becomes an entry (on stop) one tick beyond the low of that bar.

[forrestang]

Originally Posted by daedalus »

One thing i've been confused on with the H2/L2 entries is where the actual entry is?



Because this is how i've been interpreting it? Or am I supposed to be dragging a sell stop up the pullback outside the lows of each candle?

As i understand it, you're supposed to do the second thing you mentioned. What you initially did is enter on a FULL 3 bar reversal that forms a pivot.

I'm attaching a picture, but it's also in page 2 of that pdf with a description of how brooks does it.

[ACS]

The bear trend bar you have marked L2 was the entry bar. The signal bar was the prior bull trend bar and the entry would have been one tick below the low of the signal bar at 929.25. This was not a beginner's trade because the signal bar was a bull instead of a bear and it was away from the EMA, but it was a win.

[monad]

forrestang

Great effort in compling the pdf files on Al's lectures.
Looks like you are getting the hang of some of the setups.
The book is more like a text book, choke full of great insights of price action garnered over many many years- rare piece of work showing how to keep it simple and learn How To Trade. Even Wyckoff would be proud of it

keep up the posts.