Kreslik.com - traders community since 2006

I trade on European session only. TA work better and volatility is not so high, my SLs stay safe.

I think this is the best stock screener i have used till date. http://www.marketinout.com I basically use it to backtest, and search for stocks based on Ichimoku events. Helpful for developing and testing trading strategies. Supports Stocks, Forex and ETF. I think it is much better than most other a...

Hi to all. I came across Percent of Resistance indicator, here, for the first time. My searches show that it is similar to the Stochastic Indicator, and can be used for divergence trading. I want to know more about this indicator, but the material available online is very elementary. Will anyone who...

I think i have a good set-up for long term trades. Looks promising at first glance, but need to work out the finer details. I read about it in Linda Raschke's book "Street Smarts". In the weekly charts, i look for INR7. INR7 is a day in which the day's range (today's high price minus low p...

Price action is essentially the study of price, and how it reacts to support and resistance levels. Chart patterns and trendlines are an important part of price action analysis. It is basically analyzing the natural ebb and flow of price to trade the market. But since it does not have any mechanical...

Very important topic. I on my part, do 15 minutes of meditation, before getting down to trading. This helps to calm my mind and get my focus back on track. It also helps me keep a check on the stress and uncertainties; two things that are an integral part of trading. I have also benefited a lot by r...

In my opinion, "Master Swing trader" by Alan Farley, is a great book for the somewhat experienced trader. New traders will find it too technical. It has tons and tons of charts, and he explains his 7 favourite setups, and the importance of looking into the micro time-frame to uncover hidde...

Very informative. Thanks for sharing. It is the exits and not the entries which actually determine the outcome of our trades. It is important to understand the volatility characteristics of the market we are trading before setting a stop-loss and profit target. I think when testing the validity of a...