Kreslik.com - traders community since 2006

We draw horizontal lines, but S/R is more like an area of horizontals with gaps between them: this is important because, if you think of S/R as just one price, the oscillations around that price are likely to confuse you: When you're trading "away" from support or resistance, sometimes you...

My latest "for the lols" purchase: 2 for $341.84, before paying extra for fast shipping: "The coin’s obverse features a detailed portrait of the Roman emperor Caesar. The round takes after the design of the Roman denarius as inspiration. Caesar’s spine and skull are openly visible an...

The main area of support is the 'pattern': you'll often see me posting pictures of arrows moving away from it in opposite directions, because that is usually how it takes shape; a pattern is not a breakout, and a breakout is not a pattern. Sure, there are patterns and breakouts everywhere, but this ...

Thanks Igazi - I always spend ages looking at the charts you mark up. I have many questions (some of which I've meaning to ask for a while but didn't want to pester you, lol) Am I understanding your example correctly? ⋅ We see 'support 1' form: it zeroes that pinbar and retraces upward, c...

Are you throwing those out there or do u recommend them? I have traded hogs and cattle in the past but, I haven't looked at them recently. I recommend metals, energy, and agriculture: as our world comes to an end, it is important to shift your money away from digital products and into tangible asse...

I keep Thinking Corn in my brain but, this is a Wheat chart. What timeframe you might ask? It's the H4! I do like this Wheat, Corn, etc. idea IgazI presented. If you are holding for a few days, you can clean up. I am currently studying the idea of using 2 micro contracts. On Wheat that is $100 per ...

prochargedmopar wrote:
Hmmmmm, Dave uses No gap candles. I don't like the looks.

I don't give that young man enough credit

S/R always forms around the closing prices:

you only need the bounds of the candle body to represent the open or the close, not both.

You lost me. In ur thread? The way that candlestick charts are constructed is broken, that's all I'm saying: there is no reason why there should be a gap in price without a market halt. Of course there can be gaps. If price moves 1 tick as the next candle starts to form you get at least a 1 tick ga...

5 sec chart, over and over and over. I'm not watching it except to verify after the fact. M1 shows all. LOL ###misc1.jpg###misc2.jpg###misc3.jpg###misc4.jpg###misc5.jpg My ideal candle is constructed: open equals <== close high low close equals ==> open This setup would make the M1- charts easier t...

You did a PROCHARGEDMOPAR No punches pulled :lol: Adding to losers is pure poison, just don't do it. Agreed - but to be clear I wasn't adding to my losers - I was entering, getting stopped out, then entering again at a higher price (eventually with more size.. sigh). I checked my fills to make sure...