Kreslik.com - traders community since 2006

Hey kreslik.com forum-people, I've been lurking around here since I first discovered the place, sometime in Nov. '09. I found out about it through following TRO's Never Lose Again thread at FXCM Micro.com. I only came here occasionally to dabble in TRO's concepts and indicators and as time went on, kreslik.com has damn near become my homepage, this place is GREAT!! I'm definitely encouraged to participate here (however little or much) because all I see is a great exchange of ideas without the petty arguing I saw on other sites. I also like seeing that people are free to share their mistakes and even their losses in a supportive environment.

I'm not sure I can post much in terms of a trading blog like lukx, adaseb, cfabian, procharged or vane; I'll be proceeding with a few TRO scalping methods, and getting comfortable so I can let them run longer. (I definitely wouldn't mind catching reversals off of daily price extremes, LOVE that concept.) Also, DIBS, I read the Peter Crowns thread (thanks to razorboy for posting that one up.) I'll be trading off of 1hr & 5min charts.

So I have been trading Forex since Sept. '09, I demoed for two weeks and said "what the hell", since I had been trading stocks since Oct. '06, and all of '09 was very eventful with me learning about and trading options, then daytrading penny-increment options, which led to my discovery of binary options (which gave me some awesome experiences!) Not that I was ever any good at them, but I could NEVER live with myself if I EVER settled for a 2% a year bank account, or whatever 5% investments the banks offer, once I learned the potential of investing in the markets yourself. I think that when I break even for my total Forex losses, I will change my avatar and be brave enough to show my face like lukx, vane, noone22 and flinux. (Hopefully I'll break even while I'm still young and handsome, LOL.)

So, I trade with FXCM Micro and am currently down about $575, it's been a nice, long, slow, bleed for my account these last 4 & 1/2 months, fun!! I basically put in $50 and grind it down to my last margin call; but nothing else could motivate me to put in the long hours reading, focusing, making observations, and constantly reworking ideas in my head. {I've probably had satisfactory systems before, but I didn't fully understand money management, and didn't understand that drawdowns can be a part of trading, so I would rethink and system-hop.} Hopefully, I can be like scratty and work my next $50 UP instead of down.

I'm also trying so hard to get good at Forex quickly because I think I have a really good daily situation for it. Literally, I come to work, go to work on my work laptop and they leave me alone and let me keep my personal laptop open, right next to me, so I can TOTALLY watch the markets all day while doing my regular job. Can someone say "OPPORTUNITY..."?? Still waiting for "RESULTS."

I'm in NY so I trade EST, but I have no problem waking up 3AM EST to participate in the London session for a bit then going back to sleep. Also, I'm available for Asia & Australia first 3-4 hours AND also when my MT4 daily candle (and TRO's indicators) starts at 0000GMT, so can a guy get a little success already?? Anyways, another part of my goal is that I also want to annoy the hell out of my office-mate, by singing and humming the Pirates song all day long at work: http://kreslik.com/forums/viewtopic.php?p=17449#17449

Drain, drain, drain the banks,
Draining night and day.
Merrily, merrily, merrily, merrily,
[highlight=red]Make the bastards pay.[/highlight]

but I can't really sing it now while the banks are draining me...


To sum it up, you guys are all great and courageous and ambitious for taking up this Forex opportunity/challenge (I can't convince ONE damn f#%$ing person I personally know to try and learn this with me), so I wish you all the speedy best, and do the same for me!! {I'd also like to thank the wonderful, worldwide internet/interweb for making all this possible}{and shame on America for possibly taking away my leverage.}

TygerKrane,

welcome.

It took me ten months to be consistently profitable, mostly due to readling here and applying what was said. When i got it wrong I would go back and reread the thread again, and almost always it was me doing something dumb - when it wasnt me it was just that the market doesnt always do what it 'should', and that I should learn to be a better loser.

when TRO first put up the rat trades I could not get it to go right- three months later after a lot of reading (zlines, s&d) I learnt when to take a rat trade, in my own way, and when to hold it for larger gains than a scalper usually does. Now I can scalp for my 2% per day, which takes only a few minutes on a good day and a bit longer if I have to fight for it with less than ideal entries.

As for learning this with people you know, remember that you can lead a man to money, but you cant make him stuff his pockets full.

Cheers
G

[font=Comic Sans MS]Firstly,[/font] huge thanks to TheRumpledOne, the concepts you've developed and the others I was exposed to by following your threads (and trying to SEE) have increased my knowledge by YEARS (regardless of the fact that I haven't put it to good use thus far.) You are an absolute saint for sticking around despite the drama you get on other message boards (I couldn't believe the short-sightedness and immaturity of those 'adults'), and I'm very thankful for your level of patience, answering questions when you KNOW the person didn't put in a FRACTION of the effort to do a little extra reading & searching for info themselves. {which reminds me of another thread/question I might start...}

I don't follow MightyOne's methods, but I think it is amazing the volumes of info you put out there as well. (It took me a day to figure out your last message, that you teach 3 people and that 98% of it exits their heads - that was funny. But really, I do hope that after you step back for a bit, that you will indeed come back. Your efforts are MIGHTY and heroic indeed.) Also thanks to Michal Kreslik for setting up this great place. And I have much appreciation for all the great traders in the community giving back to help pull the rest of us up. Wish I could catch you guys in Monaco, but I'm not on that level yet.

bredin wrote:As for learning this with people you know, remember that you can lead a man to money, but you cant make him stuff his pockets full.

I have never heard that version before, that is HILARIOUSLY awesome!

Yes, Bredin, I actually have that post of yours bookmarked into my web browser (when you said that it took 10 months to make it to a point for early retirement.)

Good Gods!

Something I posted was worth bookmarking?

bredin wrote:Good Gods!

Something I posted was worth bookmarking?

Yeah, I have the bookmark tagged under "forex, retire."

The fact that you're confident enough in your ability to grab pips consistently that you would actually retire makes you an 'FX Trader Elite' in my book. (I CAN'T WAIT till I get my confidence like that.)

AND it seems like you got a great deal of that knowledge from this site/forum here as well, so it is just that much more motivating.