It was a rhetorical question.
Trading the ES live-the Brooks way
- Thread starter padutrader
- Start date
Thank you schizo
i have marked a range on 4 different time frames 5,15 ,60 240 min in that order. . interesting perspective and adds credence to the assertion of many traders that 5 min is just noise
i repeat Brooks works even for BTC.
i just have not used it properly because i did not understand his logic like most his distractors.
any way no skin off my nose
At least for a day or two, his account is already in draw down, again.
It is a question not just because of Padu's journey but pertinent to all amateur retail day traders, like he and I.It was a rhetorical question.
If you are already a profitable day trader, you don't need it. But if you are not, it is worth your while to read this ET classic, just read the posts by @nysestocks and @RedDuke. If you can figure out what is your obvious, you are halfway to profitability.
https://www.elitetrader.com/et/threads/why-is-the-obvious-not-so-obvious.151802/
Best wishes.
@zghorner, if you have some free time and have not read it, you may want to take a look too.
Everytime you try something new and get a string of wins...doesn't mean that it's easy. I can't imagine, having been smacked down by the market time after time you wouldn't be more humble. I get being excited over a few victories and wanting to share...but to say "its easy"...lol.
Market is fractal.
i have always said that markets are rational not random.
and it is easy if you figure out why it does what it does.
that is the only reason i am posting. NOT TO SAY IT IS EASY,OR I AM SMART BUT THIS BULLSHIT ABOUT RR
markets move in the path of least resistance.....