2min chapter

Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More) cover image

217: PRICE ACTION KING: 30 Trades in 81 Candles, Here’s How… Al Brooks Explains

Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More)

CHAPTER

How to Make More Money With Limit Orders

If the market's in a trading range and it's reversing up from the bottom, I will take a stop entry trade. Half the time, approximately, maybe more, I'm placing a limit order to buy the low of the current bar - betting that the bear breakout will most breakouts fail. Most traders starting out should trade with stops, but most of the bars on the chart, a stop order is a losing strategy. And so, for most of the Bars on the Chart, I am doing the opposite. I'm looking to sell above bars, I'm lookingto buy below bars.

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