i think all we traders can and should do is try to get into the move early
easiest money in my life
- Thread starter padutrader
- Start date
no i am trying to make a trading plan.
drawing a trend line is not a complication it is a revelation.
i have traded on instinct all my life that has got me nowhere
once market goes down there will be buy signal.
and once market goes up there will be sell signal.
your job as trader is to see and determine how valid these signals are.
or to put it another way buy and sell signals trigger all the time.How valid are these and which do i take?
and once market goes up there will be sell signal.
your job as trader is to see and determine how valid these signals are.
or to put it another way buy and sell signals trigger all the time.How valid are these and which do i take?
this is what happens in market:
1.market goes down there will be buy signal.
2.market goes up there will be sell signal.
3.market goes down and then another sell
4.market goes up and another buy signal.
your job as trader is to see and determine how valid these signals are.
or to put it another way buy and sell signals trigger all the time.
How valid are these and which do i take?
1.market goes down there will be buy signal.
2.market goes up there will be sell signal.
3.market goes down and then another sell
4.market goes up and another buy signal.
your job as trader is to see and determine how valid these signals are.
or to put it another way buy and sell signals trigger all the time.
How valid are these and which do i take?
nice move a surprise at this time
Finally understanding what Brooks say about two legs move and tests. market ALWAYS TEST A MOVE meaning the first move will be tested and if the test is successful you will get another move.
so correction is a test and if it is successful, you will get a continuation of the breakout or move. Sometimes the correction /test fails and the correction continues. and then the market test again.
if that test fails /does not succeed the correction will continue and sometimes it becomes new trend then it is called reversal. EVERYTHING IN HINDSIGHT
Finally understanding what Brooks say about two legs move and tests. market ALWAYS TEST A MOVE meaning the first move will be tested and if the test is successful you will get another move.
so correction is a test and if it is successful, you will get a continuation of the breakout or move. Sometimes the correction /test fails and the correction continues. and then the market test again.
if that test fails /does not succeed the correction will continue and sometimes it becomes new trend then it is called reversal. EVERYTHING IN HINDSIGHT
sold at 4567 stop and target on chart.
Market made a lower high and so expect a test of the low which is the red trend line. this is live but live sim ...i am again on evaluation for TST.
Market made a lower high and so expect a test of the low which is the red trend line. this is live but live sim ...i am again on evaluation for TST.
two leg test of the bear leg high.....expect a test of low...this may be thought of as a breakout test.
the break out pull back was the wedge bottom that made up the first leg and then the market sometimes tests the bottom of the two leg move to high-itself a test of the bear leg high
this is my read of the market and the rational for my trade.
the break out pull back was the wedge bottom that made up the first leg and then the market sometimes tests the bottom of the two leg move to high-itself a test of the bear leg high
this is my read of the market and the rational for my trade.
market may attempt to form a DB bull flag and a test of bull high but i think i will go with the wider context which is my belief that it is now bear market and the bull flag will fail. and become a bear flag
Hello padutrader,
How is my comment the most idiotic statement ever?
I am not blaming anyone. I take accountable for my trades.
You was the one preaching Al Brooks is the Best teacher in the world on trading teaching publicly. LOL, and the teacher who teaches makes no money, and neither do his students. And you still believe in him and all that wedges and trendline bullshit.
Hello padutrader,
Trading plan is a waste of time and effort. If a trading plan was the answer, why is not everyone making money trading??
You making trading too complicated.
You my buddy Padu, I am trying to help you.
It is NOT hard. JUST MAKE MONEY. That is IT, just MAKE MONEY.
Fuck a trendline. Just MAKE MONEY.
Why can't you just MAKE MONEY?