Emini End of Day Review - Wednesday, August 21, 2024 - Joseph Imbornone (Al Brooks Methods)

Get the Brooks Trading Course here: www.brookstrad... Joseph Imbornone reviews the E-mini using methods taught by Al Brooks and goes bar by bar through the price action on the 5 minute chart, discusses always-in concepts, and reviews possible entries including stop and limit orders. Today was a trading range day.

[@denisbabebabiar]

Amazing review, thank you. I have Q:
1) how managing LMT ORDERS BB and SB - where put STOP and TARGET? for example bars 4 BB, 23 SA, 25 SA, 40 BB
*Its based on PA or ATR, or SCALP size?

[@JosephImbornone10]

I prefer to manage trades based on the price action. As far as management goes with stops and targets, stop might be 1x or 2x MM of the signal bar and target is dependent; might be average bar size, might be a price action support or resistance area, might be a set number of points. The price action is objective. Trading is subjective, so my ability to help with that is limited.

[@denisbabebabiar]

@@JosephImbornone10 Thats helpful. Thank you very much. Looking forward for next reviews.

[@tomroland8271]

Thank you for doing this Joseph! Really helps to clarify and apply BTC video teachings.

[@bhushanrai4696]

Thank you sir

[@vamshikarra4691]

Thanks Jo🎉

[@tomroland8271]

Let's say you have a bullish trend day and there is a breakout in the first 30 minutes of trading. You use a measured move from the height of the opening range and the market quickly hits the first measured move....On the way to the second there is a brief trading range with breakout. How long do you stay with the original measurements and when to measure subsequent breakouts throughout the trading day? How do I determine what most computers are doing?? Thanks in advance.

[@JosephImbornone10]

The computers show you exactly what they're doing. Trying to predict where they're going is tricky. You can use context and momentum to help with that. If the market has a target above but the bull bars are getting smaller and it starts to go sideways, you have to consider the possibility that the market falls the same distance as the distance from the target above and the current price.

[@tomroland8271]

@@JosephImbornone10 Perhaps you could address the topic on one of your end of days. When appropriate.