not totally......i was lucky i got out just before that happened
Who has read Al Brooks books?
- Thread starter Darc
- Start date
thanks for remembering me. i was just busy, not only with trading, but also with cooking, my other passion.
i just found the time, and inclination to be on ET again.
the second entries are not a bad strategy.
but i realized everyday is a new market and you have to find strategy that is in synch with what the market is doing that day.
if you trade second entries in a range market you will lose every trade: it is critical that you recognize what is ranging market and what is trending market. to make matters worse sometimes you have a weakly trending market or a weakly ranging market.
Brooks and others tell you numerous strategies that you can use but until you realize what strategy fits in that particular market condition, you are expert in strategies but do not make money !
that is why i am expert but never did make money
i hope so too...... trading is always my passion and i dream to be a profitable trader.i will always work towards that wherever i am and it will continue whether i am on earth or in any other location/place
Would you tell me which instruments you trade? I can then tell you wheter Al Brooks method fits in these as there are some where it works well and others where it works only sometimes.
I'd stick to Earth if I were you. It's closer to the exchanges.
What's up Padu. Good to see you enjoying life.
only ES
but i do not trade his methods exactly...after 15 years i have customized it to my needs which are 1 point trades with about 4 as day....... 4 points a day is enough
Aloha tiddlywinks!
I hope you've been well. As you know well, I'm a strong believer in the importance of volume. I know you are successful enough in your trading to be able to consider taking one or two days off trading your bread and butter, and instead, try to trade off a chart that does not include volume (SIM, smaller size, micro, whatever).
If you're trading RDBMS 100%, this obviously would be impossible, but I imagine you have enough experience with watching the market and knowing its characteristics that you would be able to get by. We both understand the strength of the volatility/volume relationship and perhaps you could use it as a crutch to get by w/o volume.
Again, this is with the upmost respect for your trading and what you've helped me understand. The questions is just out of my own curiosity. If you aren't into trying it, no stress
Mahalo!
-Mark
Aloha tiddlywinks!
I hope you've been well. As you know well, I'm a strong believer in the importance of volume. I know you are successful enough in your trading to be able to consider taking one or two days off trading your bread and butter, and instead, try to trade off a chart that does not include volume (SIM, smaller size, micro, whatever).
If you're trading RDBMS 100%, this obviously would be impossible, but I imagine you have enough experience with watching the market and knowing its characteristics that you would be able to get by. We both understand the strength of the volatility/volume relationship and perhaps you could use it as a crutch to get by w/o volume.
Again, this is with the upmost respect for your trading and what you've helped me understand. The questions is just out of my own curiosity. If you aren't into trying it, no stress
Mahalo!
-Mark
seriously?... Yea, I can "afford taking one or two days off trading my bread and butter", but what's the value FOR ME? Why the hell would I INTENTIONALLY disadvantage myself to satiate some internet persona of unknown character IRL? I've already paid my dues. Apparently, YOU are struggling.
In some other thread, an AUDITED trading account was dismissed because ET'ers aren't trusting the source of the account balance... maybe it was funds added?!?!? W.T.F. The reasons of skeptics here never end. It's unhealthy. I'm 100% certain this idea of yours, if implemented, would not be acceptable in some way.
I don't give a damn about what anyone here (other than myself) does or how they trade. From time to time, personas make mention of something I am not familiar with. I will look, and give credit if I find value.
So, off you go... Go trade FOREX where an official volume is not even available.