Please be nice to one another. Otherwise you won't be allowed to come to the sleepover with the other boys. Namaste.
easiest money in my life
- Thread starter padutrader
- Start date
so long at 4563.75 target and stop on chart. this is practicing the technique. not going for the big money, trading at this time is just to practice
a bear trend line break and a higher low test... bought the HL
a bear trend line break and a higher low test... bought the HL
made one mistake in this trade...went long at top of trading range so after a test of the low of range market took off.
that is why i put stop below range
target below the range, market broke down from.
ranges act as magnets
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now is this not the easiest money ..... ?.
and is Brooks a fraud?
rhetorical questions!
and is Brooks a fraud?
rhetorical questions!
if you understand/observe trend line breaks, tests of low / high and test of the extremes of ranges then that is all you need to know about what market is doing.
and you will never ever be confused whether to buy or sell.
read 190 -195 see fig 8.11 that is enough for any novice to trade.
you need no more than that to be profitable and make good trades
and you will never ever be confused whether to buy or sell.
read 190 -195 see fig 8.11 that is enough for any novice to trade.
you need no more than that to be profitable and make good trades
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as a rule do not take decisions or make conclusions while any 5 min bar has not ended.
only after close do you think and check
only after close do you think and check
@padutrader how many ticks are you ahead (average) each day/week?
i believe in this too. It also makes backtesting results more consistent if you are forced to wait until bar close (unless dangerous price movement occurs of course) when live.
watching the bar being formed is dangerous because that bar will look a lot bigger and that can make you jump to conclusions. careful there.
see how the earlier bars looked so huge and how small they look now
see how the earlier bars looked so huge and how small they look now
5000000000000000000000000000000000000000 ticks
does that answer your great question.
i am teaching myself in this journal. i am not teaching others.
journals are to see how well you organize yourself.
i have answered this question many times before