Bhel puri...Improving Brooks the Padu Way

nooby_mcnoob said:
You "know too much" about trading.
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that was the idea mate.....why i studied Brooks for 14 year.

I have improved Brooks.

Brooks says trading is all about probability.......i agree Las Vegas is all about probability...NOT Wall street.

I have never believed billions ,nay trillions of usd are dumped into uncertainty.....that is the most absurd thing to say.

Movements of markets depend on one thing and one thing only: who is stronger. Markets follow the path of lowest resistance, NOT highest probability and go where they are allowed to go

And that, to a experienced and talented chart reader, is obvious.

It has taken me 30 years of study of TA to become a good chart reader. a long time? that was because i was an idiot.

I am very grateful to Brooks for putting me onto the right road, albeit one that was dangerous, confusing, and full of false turns leading to dead ends, full of beautiful distractions....

Brooks said that market makes two attempts at something:going up or down and if it fails it will do the opposite.........

this is what i have tried to understand for 14 years.........and now from this day onwards i am going to base my trading upon those words in red.

watch and enjoy......i will post some trades here if i am in the mood.....

i will also link the account .

i was never afraid of failure

i am not going to be afraid of success either
 
padutrader said:
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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Hello padutrader,

Keep trading and having fun buddy. Ignore the negativity. Keep working hard at it and enjoy the work.

Stay in SIM until you ready do not let these people rush you.
 
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Handle123 said:
trend trading, leave counter trend alone.
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counter trend is also a trend......it may be smaller that the trend but it is a trend.

but because it is small you have to be very precise in entry and exit so it is so difficult to trade that most are adviced to stay away from such adventurism
 
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SimpleMeLike said:
Hello padutrader,

Keep trading and having fun buddy. Ignore the negativity. Keep working hard at it and enjoy the work.
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I was taught to see nothing but the eye of the fish.....That was the message Krishna told Arjuna when he was pulling back the arrow on his bow.
 
SimpleMeLike said:
Hello padutrader,

Keep trading and having fun buddy. Ignore the negativity. Keep working hard at it and enjoy the work.
More...
yes it is hard work chasing the pot at the end of the rainbow.......but i am going to be the only one to put my hands on that pot.
i am very close

I have worked to become the best trader who has ever walked upon this earth .........and i repeat i am very very very close.

shifting to bitcoin was a big reason.
 
DO NOT TRADE BROOKS' SET UPS

that is the road to frustration and ruin.

but he gave away gold when he said markets make two attempts at anything.

if you want to have 100% win rate then concentrate on those 5 words....what do they mean.......
 
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"I have worked to become the best trader who has ever walked upon this earth .........and i repeat i am very very very close."
 
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