having income in USD in my objective and no leverage in local market....i am a prop trader with minor capital of my ownNot to worry about keeping you honest. We can be your enforcers.
You can always trade in Rupee, local account and local market?
You will be a shark among minnows in your local market, like taking candies from children.
easiest money in my life
- Thread starter padutrader
- Start date
The real 
what am i working on......my notes....because after a week end i forget everything and i mean everything.
second entries. second entries are second legs. and so if the leg is weak then the first signal in the opposite direction may well be reversal signal.if it is strong leg then the first signal in the opposite direction may be only a corrective move.
if you enter on a second signal and BO is weak then there will be a BO test of the first signal so a first signal stop should be used
to know how many legs trade signals can be counted.
if you can draw a trend line without any breaks then that means that is a channel and you can probably draw channel line on the opposite side. this channel line need not be parallel to the trend line
channels are flags or corrections.
usually there are 3 pushes in a channel... which are two legs and so should lead to a breakout test, which may be successful or not.
lows are support high are resistances.
a spike is one leg and channel is the weaker second leg....and a failed breakout of the channel line is usually a reversal signal.
remember to find inside bars IF THERE IS A STRONG TREND
if there is corrective move or a minor reversal, will that make the market attractive for the other side to fade the corrective move or the reversal move?
on ranging days keep an eye on the ma.
the second leg after the first leg should be comparable in size ....if it is smaller then one more leg may be necessary or hinted at so it will give a look like a wedge but is actually two legs...
after two signals if the second signal fails, then this is the breakout test, which will ,if successful will lead to another breakout for two legs, again making it look like a 3 pushes or wedge but is actually only two legs.
if the two legs is very strong and spike like then the third push or wedge will be weak and reverse and become a breakout test of the two legs.
so after two legs expect a breakout test and then two legs after the test is successfull
a failed break out from a channel line sometimes becomes a breakout PB so it is very important to wait for the signal that follows the failed breakout of channel line.
and go with that signal
markets break out ,pb , which is a test of the BO, and if the BO holds, then again break outs.
or the break out test may fail and the pb may continue and become a BO in the opposite side.
sometimes it BO pb then tests the previous high .....and then BO. this test of previous high or low is definite and you can get scalp.
the market is doing this all the time and this is the only relevant PA.
start trading with one lot only......scale up after min 1000 usd profit.
make trades in one direction only ie either bull or bear. change direction only after evidence of reversal. trade reversal to reversal
WARNING
BROADENING TRIANGLES.....most dangerous market trick/pattern. can drain your account faster than a woman if you do not recognise them
comments to this post will not be replied to since these points are my own refresher
second entries. second entries are second legs. and so if the leg is weak then the first signal in the opposite direction may well be reversal signal.if it is strong leg then the first signal in the opposite direction may be only a corrective move.
if you enter on a second signal and BO is weak then there will be a BO test of the first signal so a first signal stop should be used
to know how many legs trade signals can be counted.
if you can draw a trend line without any breaks then that means that is a channel and you can probably draw channel line on the opposite side. this channel line need not be parallel to the trend line
channels are flags or corrections.
usually there are 3 pushes in a channel... which are two legs and so should lead to a breakout test, which may be successful or not.
lows are support high are resistances.
a spike is one leg and channel is the weaker second leg....and a failed breakout of the channel line is usually a reversal signal.
remember to find inside bars IF THERE IS A STRONG TREND
if there is corrective move or a minor reversal, will that make the market attractive for the other side to fade the corrective move or the reversal move?
on ranging days keep an eye on the ma.
the second leg after the first leg should be comparable in size ....if it is smaller then one more leg may be necessary or hinted at so it will give a look like a wedge but is actually two legs...
after two signals if the second signal fails, then this is the breakout test, which will ,if successful will lead to another breakout for two legs, again making it look like a 3 pushes or wedge but is actually only two legs.
if the two legs is very strong and spike like then the third push or wedge will be weak and reverse and become a breakout test of the two legs.
so after two legs expect a breakout test and then two legs after the test is successfull
a failed break out from a channel line sometimes becomes a breakout PB so it is very important to wait for the signal that follows the failed breakout of channel line.
and go with that signal
markets break out ,pb , which is a test of the BO, and if the BO holds, then again break outs.
or the break out test may fail and the pb may continue and become a BO in the opposite side.
sometimes it BO pb then tests the previous high .....and then BO. this test of previous high or low is definite and you can get scalp.
the market is doing this all the time and this is the only relevant PA.
start trading with one lot only......scale up after min 1000 usd profit.
make trades in one direction only ie either bull or bear. change direction only after evidence of reversal. trade reversal to reversal
WARNING
BROADENING TRIANGLES.....most dangerous market trick/pattern. can drain your account faster than a woman if you do not recognise them
comments to this post will not be replied to since these points are my own refresher
WARNING
BROADENING TRIANGLES.....most dangerous market trick/pattern. can drain your account faster than a woman if you do not recognise them.
this is the biggest enemy of the second entry
BROADENING TRIANGLES.....most dangerous market trick/pattern. can drain your account faster than a woman if you do not recognise them.
this is the biggest enemy of the second entry
i have been funded many times.... it is like a job: you can be fired easier than you get hired.
markets are not something to be trifled with: like Brooks constantly reminds, if you are not at your best, your money will end up in someone else's pocket
you can buy your way into a funded account....but you cannot buy your way into staying there.
which is why a prop firm is the best business ever. makes money from losers and you cannot lose betting on a loser losing
which is why a prop firm is the best business ever. makes money from losers and you cannot lose betting on a loser losing
today from 5.30 pm CDT i mean....to now 11.55 CDT i can point out at least 10 expanding triangles in the ES: undoubtably the most deadly animal in the financial markets jungle
must be World Expanding Triangles Day.
must be World Expanding Triangles Day.
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here is one expanding triangle possibility
