this is interesting.
easiest money in my life
- Thread starter padutrader
- Start date
The downside of your current approach is that it can only be understoody after the fact. What you need is a system in a sequence. For example, consider the following chart. This will allow you to be proactive, not just reactive (although there's nothing wrong with that).
finally i am trading the market.... swing or scalp.... just price action was not suitable for me... two reasons for entry are always better.
thanks for that.
Brooks is reactive, if i have understood you properly.
you do seem to be thinking about things and that is what trading is about.
blindly entering and hoping is not something great.
but all good.
the idea is get on the highway to being a better trader
Do you see my post now?
he cannot post trades cos then his system wud be out in the open
he is trading a s/r grid with position sizing........basically a discretionary heads or tails bet
his max profit was on 29/11 - a counter trend day
max profit is on range days, on trend days he makes little
Be careful with your trend lines.
Simplifying it to 'any 2 points' isnt helping you.
I dont see the value in the purple downtrend line except to show you that youre trading against a strong trend.I believe the top trendline should be drawn from a lower point and would therefore warn you about holding long.Although from memory you scalp for several points so there is merit in extracting from the small bounce.
I dont have forex charts so cant see how the price action progressed but win or lose these are some cautionary points.
Cheers and keep doing well.
that was suggestion to newbies to learn about trend lines.
i am quite aware of the pitfalls and advantages of this.
well by his own admission he shoots in the dark... i did it for long time. Only traded ranges and went counter trendhe cannot post trades cos then his system wud be out in the open
he is trading a s/r grid with position sizing........basically a discretionary heads or tails bet
his max profit was on 29/11 - a counter trend day
View attachment 328902
max profit is on range days, on trend days he makes little
but to suggest everyone does the same is moronic
the market broke out of it tested it and then gave a buy signal so it was reversal signal,which would likely be a corrective move since the down move was strong.
it did give a move up which was not a strong one but that is expected