Kreslik.com - traders community since 2006

Interestingly, the only times I have lost my whole trading account are when trying to anticipate a market reversal. The market can look ripe for a reversal, 6 or 7 volatile bars of the same colour in a row...of course it will reverse...unless you are extremely disciplined about stopping yourself out...

tried it with the morning american news (13:30 GMT american news...it shot up and hit my buy stop at 126.50 on the EURUSD and DROPPED like a rock. can anyone tell me what im doing wrong? ps: diemtrader, i cant open ur attached file...what program do i need to open it??? In this case there was littl...

Scalping the flow according to the chart. The news just reinforces the trend. I also watch the S&P500 and DowJones indexes. The dollar tends to follow DJ and S&P moves like a lapdog.
I now use this economic calendar:
http://www.fxstreet.com/fundamental/economic-calendar/

Sure. Just trading EURUSD and GBPUSD. Watch out for upcoming economic data with strong consensus. Every time price hits a 50 or 00 level buy or sell in the direction it's moving. I usually take 10 pips, often up to 25. Accuracy is about 90% (up 87 pips today). By the way I sussed this out after stud...

1200% profit in a week? (actually slightly over). It's not like winning the lottery but a lot less risk!

Use of multiple brokers doesn't eliminate the "timing of execution" risk; if anything it increases it. If you manage to get two orders placed simultaneously and the third one takes twenty five seconds longer, then the whole point of using this system is negated. I brought this possibility ...

As promised here it is, next weeks s&p500 predicted price movement. I want to see how well (or badly) I do against eminiforecaster at the end of the week:


Trade at your own risk!

How much for the crystal ball Pitboss? I think I need it. So here is the overlay to my random prediction: http://img124.imageshack.us/img124/4862/predow9.jpg As you can see I was way off. Here was eminiforecasters prediction: http://img124.imageshack.us/img124/4357/eminijm7.jpg They started badly th...

Been meaning to do this for a while...here is my prediction of the following weeks S&P500 price movements. I have put pivot points on there too. I'm going to compare my results with eminiforecaster at the end of the week. (btw I still have not subscribed to their website): http://img411.imagesha...

I just clicked on a google ad link on this site for ForexGen, attracted by their 1 pip spread on 10 pairs offer. Going through their FAQ's I found: "26.Does ForexGen accept scalpers? ForexGen Preserves the right to ban any Customer from its trading platform, suspend any accounts temporarily or ...