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
Hello wonderful traders,
I would like to know your opinions on how I looked at this chart.
I only took entries at 5 and 6 and they both resulted in a loss.
Any input guys?
Hi Siddhant.
For 5, before the sell signal bar, there are 4 consecutive bull bars and 2 of them has big bodies. It is too much buying pressure for short. In addition, 5 is the last bar of the session, isn't it? In general, You should avoid overnight trade on intraday chart like this for many reason. I assume you have not finished the video course yet. "trading different times of the day" section covers this topic.
For 6, price is approaching yesterday's high, but it is trending up with tight bull channel so you should never go short. The day was simply "bull trend from the open" and you could have got some swings by going long.
I see you started 3 weeks ago. I strongly suggest to focus on going through the video course for 2 or 3 times rather than actual trading. It saves time massively.
Good Luck!
Hey Koki,
I really appreciate your reply. Yes, you are right I haven't finished the course yet. I wanted to implement some of the learnings from the course, but it seems like I should rather finish the course first.
Thanks again!!
