aliassmith wrote:prochargedmopar wrote:aliassmith wrote:prochargedmopar wrote:aliassmith wrote:prochargedmopar wrote:1 bar 2 bar 3 bar 4.
Trade 1-2 bars. M.O.
Another way to look at the "downtrend".
All bear channels are bull flags??
Bull trends can have bear channel corrections, but I wouldn't take anything as absolute.
Look up Al Brooks he talks about the different patterns
3 weeks ago or so I finished watching his 36hr 2014 version price action trading course given to me by a friend.
I've watched a few vids 2-3x and I'm currently working through them all again.
Love his method on trading spikes and tight channels.
https://brookstradingcourse.com/foreign ... breakouts/
I like a lot of what he has to say but just like all teachers/mentors,
I disagree with plenty.
Mightyone is pissing me off cuz I cant seem to find anything to disagree with after all these years. He's slippery. Hard to pin down. LOL
But doing as he says is a bitch.
Maybe instead of disagreeing with everything you come across you should "buy in" and go with it. Noone understands the market 100%, but Al Brooks gave up being a surgen to trade. I'm thinking he makes $$$$
Although MightyOnes information is in hieroglyphics , he has posted several money makers
In my years of learning I see it as there is no "BEST" way to trade except for the way that works for you. Maybe you are only a 50% a year trader or you are 1000%. thats just your number
You can't expect to compete in these markets without mastering your edge
http://brettsteenbarger.com/Marc%20Greenspoon.doc
I believe that everyone is a 1000%/yr trader; you don't have a number, your potential is limitless.
Saying that you can make a 1000% a year is not that much different than saying that price moves hundreds of pips from one weekly extreme or the other.
While PRICE DOES move hundreds of pips that doesn't mean that YOU WILL do what it takes to move with it.
1000% requires three very difficult tasks that become easier over time:
1) pushing the 'buy-buy-buy' button two extra times per trade.
2) doing what it takes to move with long term price action to a %target.
3) keeping your mind off of your current account size & only thinking about what you started with.
The questions is if you are willing to dream or are you always going to take the path of least resistance; the path of mediocrity.