![]() Or, are bars small with tails on top and bear bodies? If so, bulls no longer confident Bulls now trying to scalp or exit breakeven Bears see weak bulls and are shorting Is Trend Likely to Continue for at Least a Few More Bars? Emini 5 minĪfter about 10 – 20 bars in a bull, are bulls acting as if bears are trapped? Is there a big bull BO? If so, bulls buying aggressively for swing up Good math if can make quick decisions and manage well Many scale in if PB Scale in bears sell with limit orders, betting on failed BO above trading range Trapped into losing trade, hoping for PB to exit with smaller lossīuy The Close breakouts can be difficult to manage since sometimes quick reversal Often get big 1 – 2 bar reversal, but usually becomes brief bull flag If trapped, trend traders look for trades in other direction Strong bulls buy closes Rely on stop Stop Weak bulls get trapped out Afraid of wide stop and possible big PB Instead, wait for PB that never comes When finally PB, looks like reversal Traders are buying closes until market transitions out of its BO phase They know what to do if it reverses downīulls Trapped Out of Bull Trend, Bears Trapped In Emini 5 min Good way to not be trapped out of bull trend is to be a “Buy The Close” bull Buy close of strong bull bar for scalps and swing trades Missed Trading a Huge Trend Out of Fear? Emini 5 minĭid you watch this and not buy? If so, probably out of fear that the stop was far away, which can cause a huge lossīeginners fear loss and miss great trades Understand what is happening and reduce the fearĭo Not Let Yourself Be Trapped Out of Trends Emini 5 min Traders make decisions based on the highest strong close in a bull trend (or lowest close in bear trend) What Follows Tight Trading Range During Trend? This is not noise Market is providing important information about what comes next Main Points Buy The Close Bulls, Sell The Close Bears Highlights from Videos 40A & 40B of the Brooks Trading CourseĮntering Late In Trends Al Brooks Tuesday 3rd November, 2015 ![]()
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