Kreslik.com - traders community since 2006

First trade loss -10. second trade I thought I would do something a little different. I would let it run to +20 or get stopped out at -10. well it took awhile but I made the +20. Gotta love working off the daily lows.

Cos

So, I just took the system on a two-day backtest with a twist. I manually scrolled bar-by-bar on 5M TF through EUR/USD on Dec 30 and Dec 31 (and yes, I realize this is not an exhaustive sample size by any stretch of imagination). The idea was simple - by scrolling through the charts and making deci...

lost my first trade of the day. made up for it on my second.

cos

Hi guys, Been reading up on TRO's method for a few days now while watching the markets in demo mode. Could you please take a look at the attached setup and let me know if this is the kind of trade TRO has in mind? This would help me gauge if I understood his method correctly. What I see on the setu...

http://kreslik.com/forums/userpix/8987_Capture_15.png price within 20 pips of daily low. red candle, red candle, green candle. green candle closes, go long at highest point of last green candle. 10 pip stop loss. it is not a 100% perfect system, I did lose 10 pips earlier in the day. closed this ou...

bought @1.5359, closed@ 1.5385

cos

price is within 20 pips of daily low. red candle, red candle, green candle. wait for green candle to close. go long at highest price of last green candle.

cosmoe1

I'm trading the GBP/USD pair on the 5 min chart. When is the best time to trade??? I tried the London open but a lot of activity. I also tried a couple of trades last nite ( around 11.30am London time) but it went against me. There were no news releases at that time too and price was within 20 pips...

Reminds me of the definition of insanity:
Doing the same thing over and over and expecting a different result.

If you want to be good at something-copy someone who is already good at it.

cosmoe1

http://kreslik.com/forums/userpix/8987_gotta_love_them_daily_lows_4.jpg This trade was from yesterday. Price makes new daily low. red candle red candle green candle. green candle closes. put in a buy order at highest point of green candle. Buy triggered four candles later. Pips galore. Cosmoe1