Kreslik.com - traders community since 2006

JogieFX, You're English is fantastic. No worries. Correct on all questions. Notice how, removing the choice/knowledge to go back home from the situation increased the probability of winning 50,000. Because 2/3 of the time you will select a good road and between those good roads the probability is 50...

JogieFX: B+ on TEST #2. :) the pobability is 50% on this. It is like flipping a coin 1 time. I would not do this because i have only one try an maybe after that all my trading money is gone.... In Scenario A you are correct. The probability is 50/50 and taking such a risk is useless because you coul...

Hello friends! Just recovered from a cold. I want to mention something. I hope people realize that I have no intention of divulging my exact strategy step by step. You wouldn't either. Doing so, would be helpful to nobody because such a strategy would become obsolete as the market adapts to become e...

ESPIPS and ALL: Sorry if I came out sounding aggressive. When I re-read that it seems that way. Changing on the fly means you're not sticking to the system. Oddly enough, I do agree that there are times where going off the plan is important i.e. discretion. I agree that Humans are still more intelli...

Speed26: A- on test #1! :) "Which SITUATION is better to be in and WHY?" When trade closed in profit we 'realized' the profit (balance) as opposed to have it floating in the open market, which could turn around back into a loss. Taking profits is a better position to be in, providing there...

Sorry people, I was on holidays. In actual practice, I don't blow the entire account on purpose and then refill it, the idea was to illustrate to learn how to trade without a stop-loss such that you familiarize yourself with the size of trades and/or leverage you should be using so that you can avoi...

The Black Swan is an UNPREDICTABLE event when the market makes a sudden enormously drastic move in a direction unfavourable to your positions. The chances of blowing your account are high, without a stop-loss. People with stop-losses may survive, but usually all of their accumulated profits are wipe...

Speed: It's exactly like real business. People lose in trading because of cash-flow problems. More money is going out than coming in. The stop-loss accelerates the problem of money going out - in a permanent way. Your NAV did increase if one of your trades went from negative to positive (profit). Af...

It would have been better to say, a new beginner should not fund an ACCOUNT more than they are willing to lose. Having understood this, then they will see how pointless a stop-loss is. When trading, a person should be willing to lose it all. If they are not. Then their account size is too high. To m...

I've posted here a long time ago about my success in a thread under the title "IT HAS HIT ME LIKE A TON OF BRICKS." I'm back to update everybody in my progress since I've been absent. Since then, I've developed an automated system that is profitable and trading with Dukascopy JForex and Oa...