Why is trading so difficult?

[Aero73kgp]

i traded elliot for 5 years so i have some idea
you are right but i am just illustrating one of Brooks gems
i do what many people call scalping.
just check out my recent trades in my journal..do you have a journal i want to help some one from Mumbai i am in hyderabad i stayed in juhu for 25 years

Don't worry about Elliott esp. the cats at Elliottwave International - they've won the Nobel Prize 20 years straight for mistimer.

Just count the waves, the 5-3 sequence is the only correct thing they got. Start with monthly where its easiest to see the waves, then count. When you get down to 1H it gets much harder to count the waves correctly so extra caution here

 

[padutrader]

He's way more than people give him credit - he is the consummate hunter that goes straight for the jugular. This is extinct in America nowadays that's why so many hate him. During the election period the TV stations in America were putting out all kinds of stats about how Clinton was way ahead - same as the bs on CNBC throws TRADERS off the scent.

I stuck with what I know-ed - the working class fellow worshipped Trump, he was their savior. He would win. Then after the election, to uncover all the fake TRADERS = posers = bums I dug up this video.

Pertaining to your TRADING, pay special attention to the exact seconds when Ann Coulter was literally laughed at so hard the room shook. At that moment you had nice evidence of the ("contrarian factor in financial markets & Life) - Trump would win. The crowd rarely wins at major turning points - observe tops and bottoms in the Dow Jones for comparative study.

how someone so young as you can be so wise?

 

[Aero73kgp]

if you mean the downtrend in eur is over you may be right is that what you mean when you say count the sub waves?

No, no amigo, the downtrend in Euro has only started recently. It is far from over on the larger timeframes. What I meant was regarding your 5-min chart, keep the 1H open too so you don't get caught by the 5 waves down and are still holding instead of taking profit - because what comes next is a countertrend 3-wave correction.

 

[padutrader]

Scalping? I thought that was taboo since the Dark Ages.

my last trade made 20 pips with 20 pips risk.you can see it in the journal
i am not sure what others call this ,swing or scalp ...but i call it money

 

[Aero73kgp]

how someone so young as you can be so wise?

I'm nobody, nothing, I live totally out of society norms, a bum, being a trader - the only thing I ever had going for me is "I'm my own student & professor, I keep my own counsel, am my own advisor right or wrong don't matter"

 

[padutrader]

No, no amigo, the downtrend in Euro has only started recently. It is far from over on the larger timeframes. What I meant was regarding your 5-min chart, keep the 1H open too so you don't get caught by the 5 waves down and are still holding instead of taking profit - because what comes next is a countertrend 3-wave correction.

i took my 15 pips profit when it appeared
again for someone so young, you seem pretty confident !

we should meet next time you are in my territory. in my last ten years of trading i have only met one trader face to face and he is here in Hyderabad

 

[Aero73kgp]

my last trade made 20 pips with 20 pips risk.you can see it in the journal
i am not sure what others call this ,swing or scalp ...but i call it money

OK, got it, here I'll try to turn you on to a new way of thinking - you are welcome to reject it if it does not suit you.

Since you already trade the EurUsd, you're already head and shoulders above the masses. Why? Its a multi trillion per day market - why is that important? Cleanest waves, just like the natural waves of the ocean. Make it your fortress, learn her ways in and out, become an expert. If this appeals to you I've saved you countless hours of work and toil and grind of jumping from market to stock to stock. The Euro will give you all the money you need as you can up the leverage from time to time when the odds are >80%.

 

[padutrader]

o

I'm nobody, nothing, I live totally out of society norms, a bum, being a trader - the only thing I ever had going for me is "I'm my own student & professor, I keep my own counsel, am my own advisor right or wrong don't matter"

I understand oh! how i understand
i have been called a bum for the last ten years
now in short time i will be known as a super trader, a tradergod not because i make a lot of money but because i make fantastic trades.
i am not interested in managing billions only in making good trades

 

[padutrader]

OK, got it, here I'll try to turn you on to a new way of thinking - you are welcome to reject it if it does not suit you.

Since you already trade the EurUsd, you're already head and shoulders above the masses. Why? Its a multi trillion per day market - why is that important? Cleanest waves, just like the natural waves of the ocean. Make it your fortress, learn her ways in and out, become an expert. If this appeals to you I've saved you countless hours of work and toil and grind of jumping from market to stock to stock. The Euro will give you all the money you need as you can up the leverage from time to time when the odds are >80%.

nice i agree thanks for your advice i like the cleanest waves.
yep i have done that see my journal. i found forex like that even usdjpy and audusd

 

[Aero73kgp]

i took my 15 pips profit when it appeared
again for someone so young, you seem pretty confident !

we should meet next time you are in my territory. in my last ten years of trading i have only met one trader face to face and he is here in Hyderabad

Excellent with the profit. Keep your positions small, small, small, small while you are learning. This way 666 can't kill you quick and put you out of the game. SMALL and then grow gradually. A day will come when you will bring up your daily chart on the Euro and see a new trend aborning and mount your horse but you want all the juice that trend can give, 2000 - 4000 pips on just one full LOT. In the 3rd wave you up the leverage and boom! you're flying

Like so: right or wrong this is how I play, I've said earlier I can die in a heartbeat but I always show up for gunfight regardless

EurUsd daily timeframe ... new TREND to downside aborning since Feb 16. I could be wrong on so many things in the early stage but the first thing I do is see where its likely to go. Take the 1st wave and extrapolate to golden ratio derivative 423.6% like in chart. For you, Buy one micro mini lot and let it run for years no stops no TP no nothing. Watch like a hound at the next 2 railway stations 161.8% and 261.8% for any sign that Euro has decided NOT to go all the way to 423.6% and TP on the spot.

Think big, amigo, big, its same as with scoring chicks. Walk into a room of 3a, 4s, 6s, 8s, forget it go for the 10, if your stop fires hit on the 9 and so on