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
Is highlighted yellow a reasonable buy? consecutive/nested wedge bottom, double bottom and a second entry, signal bar had tails but was an outside up bar.
If shorting failed wedge bottom from previous red marked sells, should exit/revert to long? Would be trapped in/out though.
Is highlighted yellow a reasonable buy? consecutive/nested wedge bottom, double bottom and a second entry, signal bar had tails but was an outside up bar.
I think not a good buy entering with a stop above a big bull bar near the EMA in a bear trend. Another issue is that when the channel down is relatively tight the MKT usually needs a LL before turning up, but this bar was a HL.
If shorting failed wedge bottom from previous red marked sells, should exit/revert to long? Would be trapped in/out though.
If bear premise is correct, bull bar near the EMA is an entry short, not an exit. Yet, if you are a bear and took any of those trades you won't like neither what you see and most bears exited at the prior low (many tails and reversal).
That’s make sense. Thanks for your detailed answer!
Hi @ludopuign, if you don’t mind, here at my blue arrow, big bull bar near MA was a best trade because the context was bottom of trading range, is that correct?
Thanks!
Yes, and there is a swing setup, a DB MTR, so ok swing buy.
