Kreslik.com - traders community since 2006

Here are the charts. My main question is. How are you suppose to trade this in real-time? Because these lines are difficult to draw when they are forming in real-time. It looks simple in hindsight but how do you apply it to real-time trading. http://i59.tinypic.com/2qb4ww2.png http://i60.tinypic.com...

Here is my take on the CONE and PENNANT. From what I recall for a PENNANT you need a FLAG of somesort. From most of the charts above I didn't see a flag. http://i59.tinypic.com/2qb4ww2.png If I drew the lines correctly, how would you trade this exactly? Short at the CONE (my X), what do you do if th...

Intersting concepts discussed in this thread. Honestly I don't like trading trendlines but I like them as confirmation. See the price of GOLD recently and the way it observed the 2 trendlines. GOLD seems to respect these trendline more than horizontal support/resistance. In the first image, I see a ...

Whoa! Can't believe this forum still exists and many of the regulars are still posting. Can't believe its already been 5 years. NLA sure brings back memories. I remember looking at all those charts and trying to learn how to trade. Had no idea what I was doing back then. My trading method back then ...

Thanks Doji and ES I noticed that the volume decreased but I thought it was something more but I guess I was wrong. Good thing about PA, S/R etc. trading is that it works in every market. Volume decrease must be a hard time for MAs traders though. ___________________________________________________...

And all of the above is hindsight, and i very well could have read it totally different at the time. But that would be my view on it. Everything changes just based on how i feel in real time. Sometimes i look back at the days action and i may have had a huge winning trade in a certain area. If i lo...