Kreslik.com - traders community since 2006

Yes the USDCAD is a perfect example because at the end of 2013, it finally broke the resistance from 2011.

Consider USD/JPY

I decided to revisit the held profit concept since it has brought me the most success in anything else I have learnt in trading. If MightyOne want to comment he is more then welcome but I am pretty sure he explained this hundreds and times in the past and is tired of repeating himself. The reason I ...

Learning to draw the DOP will teach you wave analysis... again, not the kind that you learn in books but the kind that the market itself teaches you. http://i60.tinypic.com/30lfmh5.png There are 'triangles everywhere' because there are channels 'everywhere'; a triangle is a channel, a fork is a typ...

I usually only trade EURUSD at the London open. I don't like trading it during the NY session most days because its choppy. First I check the orders for the large buyers and sellers for EURUSD. Most of these orders are pretty common sense. Basically large bids and offers on extremes. But its useful ...

I will not high-jack this thread with my trades. I will only post a sample of how I trade daily now. A few people have emailed me and were surprised I was still trading and were wondering how trading was going and such. I don't want to start a new thread and this one seemed pretty active so I will j...

So what is the general way to trade these cones/pennants?

So when is a pennant/cone considered invalid? After there is a breakout? Or is it still valid.

Found this. Wondering whether its a coincidence. No resistance in that area aside from maybe the 113 Psychological.

Does the angle have to be the same for the upper & lower trendline for the cone?