entering hastily though may also cause losses as well. I generally wait for consensus however I trade off the EMA's by entering after an opposing bar closes which is NOT common practice. if its a pinbar though that is also opposing.. beware the time to be patient has arrived.

Airsoftor 

I would say I learned from some very good traders and a lot of research and when I say research I was becoming cross eyed. I ran every free indicator out there and came up with 3 out of thousands. MACD on a Heikin Ashi chart go hand in hand, then there's the Parabolic Sar that don't lie and I really like the Slow Moving average it don't lie either. All in all they work exquisitely.

When you say "slow moving average", what length and type are you using?

How do you employ it?

goodoboy 

Hello gnoppa, I also study Brooks trading course. It is good information and helps me build confidence. Brooks can find 40 reasonable trades per day. However, that may not be possible for you. I only trade 2 ways of Al Brooks methods , as I'm still studying myself. I recommend sticking to 2 methods to trade for now. Before you get too overwhelmed.

Have you made a consistent profit with Brooks trading course?

goodoboy 

Thanks for the comment gnoppa, Interesting conversations. What trade setups do you take? You must be trading reversals only. I focus more on the PB trades and trading ranges What is your average risk per trade?

As I said, you cannot define the setups so clearly. I look at the context and try to determine if I should enter at the market for strong BOs or with H1, L1 (strong BO first PB), or H2s, H3s, L2s, L3s for MTR or weaker trends.

Since I am still learning I am only using one micro lot. Its not for making money but for learning. If I see that I am consistent enough, I will incrementally increase my size. If I have enough data on risk, reward and probability, I will use partial Kelly for determine my position size for each trade.