Al Brooks Trading Price Action Reversals Pdf Creator

Brooks, Al, 1952– Trading price action trends: technical analysis of price charts bar by bar for the serious trader / Al. JWBT576-fm JWBT576-Brooks October 18, 2011 1:8 Printer: Donnelly viii CONTENTS. Bear reversal A change in trend from up to down (a bear trend). Blown account An account that your losses have reduced below the minimum.

New Page 1 TP ( close all) I do have a split TP strategy also but on this post I will show just the close all scenario Targets are worked out by taking the ATR of the last 5 days and adding that average points total to my 'fill' price.My thinking behind this If the last 5 days have had an average move of 80 points why set a tgt of 30? If the last 5 days have had an average move of 30 points why set a tgt of 80 points? Buka omegle di uc browser. Example Measure high to low of each day for signal candle and 4 days previous giving 5 days We end up with 80 +70 + 100 +120 +30 = 400 now divide by 5 = 80 We now have a TP of 80 pips which is the average this swap has moved in the last 5 day Our fill is 20000 so ur TP is 20080 easy peasy lemon squeezy A 'close all' on 5 day ATR is quick we only want a daily average move in our direction to close dont forget. Not much to ask.with 10 or so swaps open you will be spoilt for choice and turning your money and account over which is the name of the game. Stop Stop is a couple pips below last swing low for longs last swing high for shorts When to take a trade What ever works best for you in your time zone I take 9pm here in the UK approx although my daily candle wont close for another 3 hrs ( midnight) Im sound asleep in nods vile by then so 9pm is fine for me its swing and rounds abouts on the fill it all evens out. Indicators CCI set to 40 HLC/3 line at 0.00 Stoch set to K - 5 D - 3 Slowing -2 Price field low /high ma - simple.line at 50 Method This is simple stuff but with the stop at swing high or low we have a good support or resistance.also we only want an average move in our direction.

Like all my systems identify the main direction and enter on a retracement If CCI above zero we look for long CCI below zero we look for short.