easiest money in my life

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

  1. ironchef

    ironchef

    You sounded like a politician.

    I like @schizo's answer better, I can act on it, yours I can't.
     
    #291     Nov 16, 2023
  2. ironchef

    ironchef

    But in real time it is hard to know if it is going to trend or range?
     
    #292     Nov 16, 2023
  3. padutrader

    padutrader

    Hard? it is impossible.

    you know the past: will that continue or not?

    what is your objective in trading NEVER FORGET THAT.

    it is to enter a move that will continue and what will continue? a move that is strong.

    so far so good.


    now what is strong?

    you must answer that question.

    if you cannot, then find something else to do.

    if you decide you want to enter how do you do that ?.


    enter anywhere or wait for it to get weaker -a pb - and then enter.

    according to traditional TA buy above the high of a bull bar and sell below the low of a bear bar.






     
    #293     Nov 16, 2023
  4. padutrader

    padutrader


    IF you are looking to enter a trend.

    you only enter at a ema if it is steep : rising buy falling sell

    if it is flat.sell high buy low scalp. or watch Netflix

    be warned this is Brooks: i have heard it said he is fraud and idiot who has never traded

    the main reason people hate trading is because not only do they have to take and make decisions but also be accountable for that action
     
    #294     Nov 16, 2023
  5. padutrader

    padutrader

    that is the purpose of the ma.

    IF you are looking to enter a trend then, according to Brooks and a thousand others:

    you only enter at a ema if it is steep: rising buy falling sell

    if it is flat. Sell high buy low scalp. or watch Netflix

    so stay in present. and trade what is happening not what might happen

    be warned this is Brooks: i have heard it said he is fraud and idiot who has never traded

    the main reason people hate trading is because not only do they have to take and make decisions but also be accountable for that action.
     
    Last edited: Nov 16, 2023
    #295     Nov 16, 2023
  6. schizo

    schizo

    I thought I already explained all that in real time. Take a look here. Everything starts from this post (and the next 15-ish posts): https://www.elitetrader.com/et/posts/5890033/
     
    #296     Nov 16, 2023
    ironchef likes this.
  7. padutrader

    padutrader

    nice appreciate the effort. your effort
     
    #297     Nov 16, 2023
  8. padutrader

    padutrader

    what is a weak move? any, move which has a lot of overlapping bars/swings.

    ranges are a weak move within a stronger one. but they also can be trending -strong or weak.

    channels, patterns, all have trends ranges within them, if they are big enough to accommodate them. these minor trend or minor ranges end within the bigger range or pattern
     
    #298     Nov 16, 2023
  9. padutrader

    padutrader

    a trend may get weaker, as it progresses, broadening, which is basically forming a range or overlapping bars/legs/swings.
    a trend also may take off into a climatic end.
     
    #299     Nov 16, 2023
  10. padutrader

    padutrader

    bar counting is useful to get into any move :trend or range.

    if it is in a range or weak trend or strong trend it will provide entry into that ongoing market condition.
    if there is weak trend or range then H1H2L1L2 etc will give you an entry into that market condition which is weak trend/range
     
    Last edited: Nov 16, 2023
    #300     Nov 16, 2023