Bhel puri...Improving Brooks the Padu Way

[maxinger]

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

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 emaView attachment 271860

1. you go long (because of strong bull bars, expanding triangle, and those things ?!?!?)?
again you are a kamikaze, against-the-trend trader.
as of now, there is no indication to show price is going up.


2. did you short it a few hours ago (during today's early Asian session)?
I guess you didn't ;
the highs were getting lower and lower.


3. two major mistakes ;

time to trade - you didn't trade
time not to trade - you traded it

Time for you to destroy Brooks book by throwing it into the burning Mountain of Doom.

 

[padutrader]

as of now, there is no indication to show price is going up.

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

 

[padutrader]

did you short it a few hours ago (during today's early Asian session)?
I guess you didn't ;
the highs were getting lower and lower.

yes i did..trade earlier...the results are here

 

[padutrader]

Time for you to destroy Brooks book by throwing it into the burning Mountain of Doom.

there is always some good, in bad and some bad, in good.

the book is a treasure of information

 

[padutrader]

BITCOIN is a traders dream come true.....follows all technicals to the letter...be it indicators or Brooks

I LOVE YOU MY SWEET

 

[padutrader]

Yet another train wreck!

OH

I FORGET TO THANK YOU.......for encouraging an 63 old idiot, who with one foot in the grave is tryin to learn to trade.
people like who give such constructive advice is what makes ET great.
i have told Baron to give a huge reward for such self less service

 

[padutrader]

this is what i love about btc.......the opportunities to prove your trading skill

 

[maxinger]

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 reversalView attachment 271867

down it goes again
due to covid crisis.
most index futures are down massively.

 

[padutrader]

bitcoin a master of deception.......of traps

 

[padutrader]

down it goes again
due to covid crisis.
most index futures are down massively.

bitcoin a master of deception.......of traps.

but i have already said this is not a trade i would have taken in a live account.

the idea of a demo is to try things out

till my deposit reaches my live account