easiest money in my life

Discussion in 'Journals' started by padutrader, Oct 13, 2023.

  1. maxinger

    maxinger

    upload_2023-10-24_13-46-56.jpeg


    If the triangle is broad,

    sell at the upper line
    buy at the lower line
    sell at the upper line at a higher reward risk ratio
    buy at the lower line at a higher reward risk ratio
    sell at the upper line at an even higher reward risk ratio
    buy at the lower line at an even higher reward risk ratio
    etc etc etc



    make sure there is confirmation before entering a trade.
     
    #161     Oct 24, 2023
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  2. padutrader

    padutrader

    as one of the Wise Men here commented getting a funded account is no big deal. you can buy one.
    but you cant pay to stay funded: that you got to earn.
     
    #162     Oct 24, 2023
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  3. padutrader

    padutrader

    if you're a student of Brooks you do not classify these nasty patterns: he says you trade them all the same.
    so he does, sometimes, makes things simple.

    i do not normally swing trade these patterns.... i do not swing

    i scalp
     
    #163     Oct 24, 2023
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  4. padutrader

    padutrader

    these illiquid times it is better not to trade.

    i always do because i do not have anything to do and i always lose.

    i have not learned. yet. but i am trying to
     
    #164     Oct 24, 2023
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  5. padutrader

    padutrader

    brooks call them broadening patterns.

    the trend slowly broadens, he says
     
    #165     Oct 24, 2023
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  6. padutrader

    padutrader

    actually, i think it is bull channel. i mean if you draw parallel lines
    broadening slowly.
    i just scalped for .75 point.

    only such stupid trades can be taken i think. something Brooks does all the time.
     
    Last edited: Oct 24, 2023
    #166     Oct 24, 2023
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  7. padutrader

    padutrader

    you can also trade them as 3 pushes...... but all scalps to kill time and a point each
     
    #167     Oct 24, 2023
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  8. padutrader

    padutrader

    i make too many mistakes to be good trader
     
    #168     Oct 24, 2023
  9. maxinger

    maxinger

    upload_2023-10-24_15-24-9.png
    Nice beautiful broadening pattern - very tradable
     
    #169     Oct 24, 2023
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  10. maxinger

    maxinger

    upload_2023-10-24_15-26-9.png

    choppy messy ugly broadening pattern - untradable
     
    #170     Oct 24, 2023
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