Bhel puri...Improving Brooks the Padu Way

NumberZ said:
If you trade US stock exchange hours, then six hour chart, what some call "regular trading hours" chart can be used. That is what Brooks uses. You can also trade the 24 hour chart. The "globex" chart. Brooks says you can use either one, but not both. Pick one 5 minute chart. And stick with it.

I am still deciding. I am in USA and I think I prefer six hour chart. But I trade 24 hour and win too.

Good luck, Padu!
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nice to meet a human and not the usual trolling robot.....i wish i could join you......i am 64 and i still dream of trading freely from the united states......
 
NumberZ said:
...Padu never saud he had 100:points profit. You did.
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Just to clear the record, I only said what he said, and was being conservative.

padu100 points.JPG


Second, he is trading SPX at a foreign broker. It is a different instrument...[/QUOTE]

Yes, now that I look at it closely, I see it was an .02 lot.
 
two things are against you

your beliefs and the broker[age].

mainly the belief that the trend is your friend.

the trend does not exist.

what exists is the channel....it may be so tight that it looks like a trend or it may be broader.

once you understand this contra intuitive fact which is propagated by all those idiots who call themselves experts you will make money
 
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am presently using octa fx who accepts INR but i have to pay high price for it: brokerage of 40 usd per lot in ES

does anyone know any other broker
 
I think you said in another post that the Indian government does not allow you to fund a foriegn account. If this is true, there must be a India based forum where you could find information on Indian based brokers. If not correct, scroll to bottom and make inquiries to the brokers who sponsor elitetrader. Ask if they accept accounts from Indian citizens.
 
padutrader said:
trading is so simple how did i loseView attachment 272344
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Did you know there was a new release at the bottom of the hour?

You are lucky the unemployment rate was below expectations, otherwise your stop would have been hit in less than a second. If you want to trade ES you have to keep an eye on the economical calendar.

If it is very dangerous to trade around those releases, markets can move very fast in both directions and stops aren't guaranteed, you can have huge slippage, specially lately since Covid can have a huge impact on the outcome of those numbers.
 
of late NFP has been a damp squid in fx at least.. today was an exception
FTDK said:
Did you know there was a new release at the bottom of the hour?

You are lucky the unemployment rate was below expectations, otherwise your stop would have been hit in less than a second. If you want to trade ES you have to keep an eye on the economical calendar.

If it is very dangerous to trade around those releases, markets can move very fast in both directions and stops aren't guaranteed, you can have huge slippage, specially lately since Covid can have a huge impact on the outcome of those numbers.
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yes better to avoid the releases......i usually go in in flat and then if a opportunity presents itself after the release ....pounce

today was mistake

but we are in a big range so we may test the high again.........low probability
 
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