Kreslik.com - traders community since 2006

Just wanted to share some trades. Please see pics. 1st trade exited after the close above my "something". Then re-entered short closer to 2-week extreme and exited after the close above my "something", again. Any help would be appreciated. http://i61.tinypic.com/2ij4402.png http:...

MO, just to clarify.. Alexi13 went long. Here's my today EU trade. I've placed my stop/position at the extreme. Now I ponder, was it possible to avoid that loss? Sure it was. If only I had space of 31 pips I would have gained easy 100 pips. But wait, then it would not be position at the extreme but ...

Anyone alive? Too quiet here...

Seacap, I'm sure you'd rather hear from the pros here, but 2 things I would say about the entries above........... 1. I believe according to Seiden, price should not stay at the level for too long to be considered a 'good' level 2. Wide range bars that come after a long run often signal 'the end'. ...

The extreme at which your stop is placed is the period that you are trading. You don't need pips more than you need a good position and larger lot size; position is your measure of safety and size is what makes money. When you trade short term charts, you should trade about 50% larger and aim to ta...

How about this?

The extreme at which your stop is placed is the period that you are trading. You don't need pips more than you need a good position and larger lot size; position is your measure of safety and size is what makes money. When you trade short term charts, you should trade about 50% larger and aim to ta...

Demand area hit twice already. Absorbing all the buyers. Eventually there were none. Take the first bounce. IMO you can not know when the buyers/sellers are absorbed. You even do not know if the buyers are still there at your demand on the first touch. Here we have the supply area which was hit 4-5...

http://i43.tinypic.com/212cmh.png If you have good position then you can turn your short term trades into long term trades if need be. Sounds great. In this case you need a big move to profit because your SL is large in terms of pips. So if we are short from that 130.00 daily/weekly extreme, where ...

MightyOne wrote:How about from the M30:

I was trading H4 chart, it did look good, see below.
And when I made the first two entries there was not serious problem on m15/m30.