Bhel puri...Improving Brooks the Padu Way

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padutrader

Bhel puri is an Indian snack.......but in slang when we use this expression it means a mixture.

this then is a mixture of PA and indicators.

After 14 years of trading PA i have become quite good in reading it but not good enough...

something was missing so , like many have advised me, i have changed my approach a little, and am now using some indicators, and have added 8 ema to 20 ema.

RSI and stochastics work well in ranges which means they work 80% of time, which is pretty good.

they do not work in strong trends but in strong trends YOU DO NOT NEED ANY HELP ....in this case the best indicator is your eyes.

But the best change i have made is shifting to Bitcoin

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fan27 said:
Still on Sim?
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I have wired the money to my broker but there is some delay in the deposit reaching my trading account.
so for the time being i am on sim.

however this may be a good thing till i perfect the change and get used the transition.

my trading with this new method on sim is quite encouraging
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the arrow indicates two strong bull bars that broke a bear micro trend line........and the trend lines show a expanding triangle so i went long with a wide stop, which i will never let get hit, and scaled in, expecting a pull back to the 20 ema
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the arrow indicates a mico expanding triangle so we have a small expanding triangle near the bottom of a large expanding triangle which i have seen is very bullish.

this is what i call over smart trade, going counter trend usually leads to embarrassing moments.......and i would also add i would not take this trade if i was risking real money......you have to be smart to survive but no need to be oversmart and take low probability trades
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padutrader said:
the arrow indicates a mico expanding triangle so we have a small expanding triangle near the bottom of a large expanding triangle which i have seen is very bullish.

this is what i call over smart trade, going counter trend usually leads to embarrassing moments.......and i would also add i would not take this trade if i was risking real money......you have to be smart to survive but no need to be oversmart and take low probability trades View attachment 271861
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an update of the above trade.

as you can see i had to 'manage' the trade.....widened the stop, added a position.

was looking like there was a possibility of a reversal

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