Kreslik.com - traders community since 2006

If you passed in 1 day, consider reducing your risk. Protect your downside will keep you in the game. Try reducing your risk to 25% to 33% of what you currently use. My risk was .62% per trade. I can try to reduce it to .5% I am going to try it again and again and again. Getting it once is nice but...

Last weekend something happened in my head. "I don't trade for R. I trade for cash" It stayed in my head all weekend... "I trade for cash..." As a new born warrior I started trading this morning (ftmo trial) and soon was very close to my profit target...then disaster struck and ...

Today, to start the new month, I made my FTMO account to start a trial (obviously no challenge yet, just the trial). 10 trades, 5W and 5L, and total was -1% due to costs. I had a few 'doubts' with some of the trades but decided to take them anyway. Quick notes: trade #3 was taken for other reasons, ...

These last two days have been the biggest for me, not in terms of results but because something has changed in how I see price and trading. I've looked for examples of what I said above regarding HTF and pairing with the way I've been following price movement, it has really changed my perspective. ...

These last two days have been the biggest for me, not in terms of results but because something has changed in how I see price and trading. I've looked for examples of what I said above regarding HTF and pairing with the way I've been following price movement, it has really changed my perspective. I...

5W 2L. Today while I was looking at this I noticed 2 things. Or maybe it's nothing new but I'm now looking at it this way. 1) If it's breaking out then it's not ranging and if it's ranging then it's not breaking out. It seems "duh", redundant and obvious but what I mean by this is that if ...

I think that the hitrate of the patterns are generally right, I'm able to more often than not see the 1:1 or the current direction of price, at least as of late (I don't want to get overconfident). Not to overcomplicate it but if I get the same idea off a larger chart, and enter off a smaller chart,...

This is what I mean in my previous post. This is probably an issue only on smaller timeframes / scalping. Even if RRs are like a mathematical tradeoff, the cost of trading gets diminished when using larger targets. In the 3 pip SL example: (I'll use pips and not % or R to keep it simpler) 2:1 After ...

Today's trades. 3W 2L. My session starts at the blue line. There were other trades before that that I'd take; even if they are outside my session I mark them up as practice. 1st trade worked fine. 2nd trade worked fine. 3rd trade was a failed continuation. In the moment (and even in hindsight) it lo...

This is just an observation, but even with the idea of close above / close below with momentum candles, the pattern is still there

A bearish zline and a bearish dojizone for those shorts.