now as i said, a break of the trend line, means the end of that move. BUT IT DOES NOT MEAN END OF TREND. it just means a continuation of trend but at a 'flatter' rate or slower rate, described by less severe slope of the trend line. you will never find this sort of explanation in Brooks books because he expects you to know all this 'basic stuff'
YOU ARE WRONG, MATE! 'welcome to the party that never ends! come inside! come inside!' -Woodstock music festival in the seventies
now what does this look like, on a chart? see below chart. the blue lines start with a steeper slope and which flattens out as the trend continues or after each trend line break ...blue for bull or up. the red line is the bear or down line and it flattens too. notice while flattening it gets longer and longer. the bears are slowly taking over from the bulls
now this also means that if you want to enter the trend you have to enter near the flatter slope trend line NOT THE STEEPER slope trend line.
all this lesson on trend lines is because a trader PM me and asked about two legged trading. a trader, who obviously, has different point of view, than his noisier friends. now who would ask a question from someone who a failure is, a liar, a cocksucker [@overnights' words. thks mate for the splash of color you add to proceedings] and who is not going to succeed and is just an emotional escape. everybody and anybody and somebody can have a different view, some more panoramic than others panoramic view meaning - Search (bing.com)
Emiril BAM! That is exactly it! Since the Pandemic, the market has been so reliant on monetary policy (Fed), and now with the election coming up, fiscal policy, there is no way to trade on usual patterns. It's a whole new world, and why swinging/position is the new play.
It was never my intention to come across like a condescending SOB, I just wanted to show that it is possible to get to the payout stage with these kind of firms when you control your risk. Also not sure how my post was of topic since OP is also trying to get a funded account with the same firm and said it was impossible while my post showed otherwise ...
so a trading plan takes into account what the market is doing and then you take informed trading decisions based on that. now if the market changes what it is doing, and it can and does frequently, what it is doing then you need another or different trading plan. so, if someone talks about his trading plan, then you know his plan is limited and useless . Now take Brooks he talks about what the market is doing, then he has numerous plans that deals with that particular market environment and so Brooks has a variety of trading plans that fit, hopefully, what the market is doing, at that particular time.
Seems like @Overnight blocked me since I can't quote him anymore? Maybe you got confused and quoted the wrong member but we never spoke on the phone?