Bhel puri...Improving Brooks the Padu Way

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..
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A nonsense statement and more failure anticipated.

If price is attempting penetration at a level, depending on your time frame it may make any number of attempts.
What time frame, 1 minute, 7 minutes, 15 minutes, 1 hour, 4 hours, 1 day......?

If trading life were so simple, we'd all be zillionaires.
 
NumberZ said:
Trading is hard yaka, but Ima gonna be a zillionaire yet.
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And celebrate mate, chuck another shrimp on the barbie. :)
2Q==.jpg
 
NumberZ said:
Trading is hard yaka, but Ima gonna be a zillionaire yet.
More...
i too felt that way......

then i understood what brooks said when he said that the market will try to do anything two times...........if it fails it will do the opposite.
two legs ....

also i thought i will keep it simple and did not learn about triangles. mistake.

what ? just now you say two legs and now you say 3 [triangle is 3 pushes] ?

you have to understand that this is not a contradiction.........
 
NumberZ said:
Trading is hard yaka, but Ima gonna be a zillionaire yet.
More...
also with 5 min you will get a lot more 'reversal ' signals: which go 3-4 ticks and fail........it takes a long time and a lot of learning to sit through these false signals and let your profits run....that is why Brooks mostly scalps......if you do anything else in 5 min you will get stressed out.
so use longer time frames ....trading will still be hard but you will get less false signals and so trading will be less stressful.

now scalping is literally the hardest thing in the world to do........i would estimate that is so hard that less than 1 % of all traders are good at it.....

what most people find the hardest to do, is doing nothing: try sitting for an hour and do nothing think nothing..
but that is what you have to do in trading

i hope all this does not discourage you......it is no wonder that 95% of all traders lose money.

but it is the greatest game in town and the most rewarding monetarily, emotionally......
 
what i have stopped doing is trading his, or anybody else's, set ups.

i hated waiting for them and then evaluating them and being happy with a low win rate....i just hated it and when you hate something to tend to react emotionally and not rationally .....the result... for 14 years.... is there to see
 
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