easiest money in my life

[padutrader]

if the signal bar is good it will not be tested by a breakout pull back.

if it is doubtful but not bad then it will definably be tested.

make sure the signal bar is good .: that is the safe way to trade until you are profitable.
the signal bar must have no wick or very very very small wick

for example in this chart: the brown line bull signal bar was a doji with a long tail. After a bear micro channel, you need a stronger signal bar to go long or a second entry.

the signal bar marked with the orange line was a stronger one because the tail was smaller, the body was larger and it was a second entry, a H2 the target ,because the ema was flat ,was the top of the range,or top of the bear micro channel

 

[padutrader]

not bad for 4 hours trading

 

[padutrader]

i was afraid to enter late in the move: entering later is ok if you have a solid bear or bull bar before your entry, closing at it's extreme with little or no wick, as a context

 

[SimpleMeLike]

i gave you my detailed explanation and you ask me why?..

read it and try to understand.

the wick on the high bar of the day was followed by two bear bars which meant it was 3 bar reversal bar which when the market went below the doji triggered the reversal bar and short.

you have to use your brains sometimes. Even Brooks is not going to explain everything.

Hello padutrader,

Thanks for explanation

 

[SimpleMeLike]

not bad for 4 hours tradingView attachment 326680

Make that money sir. Good work.

 

[SimpleMeLike]

the market never gives easy money.

you have always have to earn it through acquisition of knowledge expertise and, finally , street smartness and a will to survive

Agree 1000%

 

[padutrader]

Brooks goes into greater detail than most other TA teachers.

you realized it.

IMO, Brooks is genius

all TA teaches read bar charts.

Brooks reads BARS.

that is why he can scalp. you can easily get 40 one-point scalps in ES throughout the day.

how difficult it is to make 4 ten-point swings in one day, ES?.

i too am learning to do what Brooks does.

 

[Mo06]

"you can easily get 40 one-point scalps in ES throughout the day."

40 points per day on the ES is very ambitious IMHO.
A 60 point monthly profit is more realistic, and very much do-able.
720 points p/a.

With leverage, that is a very respectable return on investment.

EDIT - Just checked, the SPX was up 354 points for 2023 at the end of October, so 60 points per month is beating the index.

 

[semperfrosty]

i have always lost money because i would know the correct and smart thing to do but not everybody knows and does that-in fact the majority do not know and do the opposite stupid wrong thing and the majority fading YOUR position, means that you will be in drawdown for a little while. but i used to panic and cut and then the market would go my way.

you have to account for what the idiots and the unknowledgeable will do and i never did.

so I lost for 20 years because I was smarter than everyone but they had more money power

Onya mate.

Im enjoying the comeback and the 'was blind but now I see' revelations.Keep up the good work.

How long do you estimate till back to break even?

 

[padutrader]

40 points per day on the ES is very ambitious IMHO.

In scalping it is possible .....but i try for 10 but i actually achieve 5 now . i am dreaming of increasing it but i know 5 points aday will be enough to make a living.

the key Al say is to increase the contracts and try to be consistent