easiest money in my life
- Thread starter padutrader
- Start date
i am reading Brooks first book again and it is just beautiful.
if you follow each of his sections,for example PB,MTR etc you will never make a loss .of course some trades will fail but over all you will be profitable
DO NOT READ HIS OTHER BOOKS.
his videos are just too specific.
raed his book first book
if you follow each of his sections,for example PB,MTR etc you will never make a loss .of course some trades will fail but over all you will be profitable
DO NOT READ HIS OTHER BOOKS.
his videos are just too specific.
raed his book first book
you can trade trend reversals only and make a living.
when there is a break of a bull trend line buy for a test of the high.
when there is a break of bear trend line sell for a test of low
when there is a break of a bull trend line buy for a test of the high.
when there is a break of bear trend line sell for a test of low
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i am reading Brooks first book again and it is just beautiful.
if you follow each of his sections,for example PB,MTR etc you will never make a loss .of course some trades will fail but over all you will be profitable
DO NOT READ HIS OTHER BOOKS.
his videos are just too specific.
raed his book first book
if you follow each of his sections,for example PB,MTR etc you will never make a loss .of course some trades will fail but over all you will be profitable
DO NOT READ HIS OTHER BOOKS.
his videos are just too specific.
raed his book first book
i believe everyone is good.
but they all want to prove to themselves just how great they are
and to put somebody down is the easiest way.
so never take anything people do, personally.
you will lead a happier life
but they all want to prove to themselves just how great they are
and to put somebody down is the easiest way.
so never take anything people do, personally.
you will lead a happier life
after trading for so long i am again reading his book and it is becoming clear.
also doing what he says that after the day is over go back and mark all the trades on the chart.
i used to think this was silly and that was the point. i thought the idea is to see trades live.
but i have started doing it and it helps
also doing what he says that after the day is over go back and mark all the trades on the chart.
i used to think this was silly and that was the point. i thought the idea is to see trades live.
but i have started doing it and it helps
i watch the price action a little too closely and so see all the trades possible and what is worse actually take a few of them and over trade.
this is my problem and i have now realized it .
it is knowing too much and knowing everything that is the issue.
knowing too much can be as deadly, or worse, than knowing little.
if you know, only one or two setups, then you wait for those.
if you know 30 trading opportunities then you have a problem.
so in strong trend look for pb trades.
in trading ranges look for trendline breaks ,tests and reversals of the move for which the trend line broke.
ironically this is also the same as looking for reversals because , there is always a range, before a trend reverses.
it has a strong counter trend move that breaks a trend line and then a test of the extreme of the trend and then a reversal, and this price action is a trading range price action.
in trading price action the market breaks trend lines ,tests the extreme of the leg or swing and then reverses, but this reversal turns out to be another test.... and the whole process continues
this is my problem and i have now realized it .
it is knowing too much and knowing everything that is the issue.
knowing too much can be as deadly, or worse, than knowing little.
if you know, only one or two setups, then you wait for those.
if you know 30 trading opportunities then you have a problem.
so in strong trend look for pb trades.
in trading ranges look for trendline breaks ,tests and reversals of the move for which the trend line broke.
ironically this is also the same as looking for reversals because , there is always a range, before a trend reverses.
it has a strong counter trend move that breaks a trend line and then a test of the extreme of the trend and then a reversal, and this price action is a trading range price action.
in trading price action the market breaks trend lines ,tests the extreme of the leg or swing and then reverses, but this reversal turns out to be another test.... and the whole process continues
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