Thursday, March 8, 2012

Trading Price Structure / Context: Bear Channels. Entering on BOT and Al Brooks A2 signal

Here is how to enter on BOT. The most important thing is your stop in this case, because you're trying to get price advantage on this move.

Using Al Brooks entry system, your initial signal was the A2 with B12 being the signal bar and B13 the entry bar (Second chart). Bull validation was the double bottom there. If you missed the initial signal, second entry was where I got in on the BOT signal.

IMPORTANT- Move stop above entry after market goes in favor. You will then be risk-free.


UPDATE: Move stop above entry to new invalidation point


UPDATE: Move stop above to new invalidation point


Al Brooks A2

No comments:

Post a Comment