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i did for a decade. when your instinct is right you make lot of money but when it is wrong you have no idea why you are wrong. if you do not know why you enter, then you have no idea where your premise is wrong and so you have no clue where to put a valid stop. all the good traders watch...

that is of no value except as proof that algos work.

i like Brooks too i think we should connect i am from India too

i do not need that what he says makes sense to me

those are additional details that you need or use......the basic is that one move has to move more than another

I talked about swings and legs. i do not need indicators to tell me A MOVE IS STRONG. AND BARS ARE FOR SCALPERS AND YOU ARE VERY Arrogant or ignorant to say it it is for idiots

at my present rate trading 2-4 contracts i make 1500 a day so 30000 a month so 10 months

Trading is simple but it is also hard work

you must find the answers yourself but before that you have to find the [correct] question. to ask the correct question you have to be educated in TA or at least have enough knowledge of TA.

yes you just have to optimize the bloody thing to hell and back !!!!

this thread does not mean that you should not take a first entry. after a spike phase, then first PB is the first signal. this will never fail. unless the last bar of the spike, is so big, it can be considered an outside bar or a temporary exhaustion. but when you feel the first signal, may...

i know him for a long time and even shared screen and discussed charts with him, one to one. he is very passionate and a devoted trader. So he may have made some posts when he was frustrated. i too have bad mouthed Brooks, many a time when things did not work out for me. it is unforgivable...

i agree but you must know what you are looking for. and to know what to look for you must learn what to look for. SimpleMeLike has learnt what to look for-he has been trading for along time. so that will work for him and other experienced traders

i agree this is a trading forum not a 'get rich' forum.

he does not have clients and he is not touting for clients

i agree so that means it is not good enough for him to go play golf. i do not take clients i prefer post here free. TAKE IT OR LEAVE IT

this may be presumptuous but it may help you to read this thread As a trader what are you trying to do? | Elite Trader

the moves on 1M are too small [and sometimes the moves on 5M] ARE TOO SMALL for enough profit to be generated, mainly because the moves reverses too fast especially between 5 pm CDT and 4 am CDT. so you may have to be flexible when choosing time frames and not blindly decide to always use one...

So to say that a move will be two legs and it will reverse after two legs, is dependent on whether a leg is strong enough to move another leg or not. if the second leg is weaker than the first then it is LIKELY that it may not continue and there will not be another leg.but it is not definite...

now a trader may define a move as a leg or a swing and as long as she is consistent in that thinking it makes it logical within the context of what she is trying to do. so she can ask is the leg or swing going to continue or is there going to be one more swing or leg ?