Kreslik.com - traders community since 2006

Ive been telling the guys to use muted, non-inferential colors for a while now. Let the inferentil colors come from ones own markings of the chart. So many things weve been taught matter, dont. Consider the single example of shifting the start time of H1 candles by, say, 11.5 minutes. Would (or shou...

arkan, why are you hitting the buy button if you dont also know where you'll be hitting the close button? most traders think exactly opposite of how they have to. At the ITS we have been trading the AU long since 96. but just knowing that would be the turn isnt enough. Entries are NOT important You ...

1. Where are we going?

I did not ask, Where are we?

G.

cant be done, exits are based on data not available to MT4 (ie tick data)

G.

Tygs, the 'great long trade' on AU was out of .96, headed for 1.08 ;) We are now in the top 1/3 of that trade, with what looks like R->S (cant remember val, not at my comp now), and the acceleration into the close. It appears the bankers have shaken out enough of the retail traders from their longs ...

In trading risk and reward are inversely correlated.

G.

arkan... look at the monthly chart of EU

G.

edit:

1. Where are we going?

forexjpn,

we are calling those "leave behind zlines", and they are very exciting

On the way back up they are targets in their own right, on the way down they are confirmations that all is well.

G.

It doesnt matter that it moves....

its about trading from an extreme, so after the extreme that youre trading AWAY from settles the target wont (cant) move.

G.

MO's Quote "It is all exploration into the unknown and eliminating risk as it presents its self. Resist the temptation to be scientific and surrounding your self with rules. Make general observations and then trade those observations boldly. " 1. Where is Price Going? 2. How Will I Get Th...