The support forum is built with (1) General and FAQ forums for common trading queries received from aspiring and experienced traders, and (2) forums for course video topics. How to Trade Price Action and How to Trade Forex Price Action videos are consolidated into common forums.
Brooks Trading Course social media communities
This deals with the characteristics of a strong sell signal bar. The 2nd bullet point on the slide says the close (of the sell signal bar) should be well below the close of the prior bar.
At least where the signal bar is a reversal, as shown on the slide, should this not be "well below the OPEN of the prior bar"
Wouldn't that make the reversal bar an outside bar at least in some cases? Reversals are generally low probability trades(40%). With the reversal bar being an outside bar, it is a situation where the risk is big and the probability is low making it a perfect trap.
I remember Al specifically mention this in one of the fundamentals video. Maybe there is no typo and it is correct as it is already?
Hi guys,
I do not find a problem with slide text and Al's accompanying commentary. As Abir notes we are dealing with a low probability setup, so for me it works fine "...well below the close".
I see your point but still there is confusion: if "well below the close is correct", then "here, barely below" within the parenthesis is not (incoherent) because the bar closed as an outside down bar, so it is well below, not barely below. If so, deleting parenthesis would be the fix!
