Kreslik.com - traders community since 2006

Hi everyone,

My name is Wizzle and I am a traderholic.

 It is way due that I write this post. I have hit a brick wall in my trading progression and it is time to do something about it. First step, as always is to admit I am stuck. I am stuck.



I haven’t written this before mainly out of a form of embarrassment for having spent so much time on the topic and not being where I thought I would be by now.

Journalling has always helped me when I have been stuck in other areas of life.

So here I am, journaling to you guys and girls and to myself to get my thoughts out there and to get where I want to be as a trader.



My first part of the journey in becoming a trader is pretty much your average: get introduced to trading, read a book, try the methods in the book, fail, read another book, try again, fail, read a forum etc, try something else yadiya.



I don’t take anything at face value so I relatively quickly caught on to the fact that there is a lot of BS out there.

Won’t go into details here as you all know what I mean or you wouldn’t be on this forum :) Instead I started to do my own research, mainly on statistical analysis and manually backtesting longterm strategies. I found some that worked on paper, but as I write this I realise I haven’t done much with these other than a few trades. This was about 10 years ago and I have taken a long break from it and focus on my regular work.



I have kept one eye on the markets and read a few books looked at a few charts and thrown on a couple of trades during those years, but nothing serious. Until about a couple of years ago, where I had more time on my hands I fully dove back in to it. 

Tried a few simple strategies (no squiglys) on a small real account and they worked on and off, but I ran in to two issues:
1. The practical side of things, trying to merge trading with my job and private life.
2. Not having faith in these strategies


Both led to me not trading much at all.

1.Led to making EAs, which I actually learnt a lot from and have a few of them slowly ticking over in the background, so far successfully.
2.Led to trying to understand how the markets actually work and pretty much led me here and to Zlines.



So here we are. I don’t give up easily, but I have gotten to the point where I have to be honest with myself and ask the question wether or not I should continue with this journey. The thing is, I DO want to continue, because 1. I enjoy it and 2. I believe it is possible to provide a fulltime income from trading, or at least make a good chunk of change to invest elsewhere (to live off)



At the moment I am trading (demo for now) of Zlines and this has given me the most consistent success so far, but this week I have struggled, hence my post here.

My plan is to post my trades here, if only to be accountable to myself, and perhaps receive some input from others.



In one of my next posts I shall convey how I approach trading and what my approach to Zlines is.

 There is a lot more to say about it all, but I’ll end up writing a book if I am not careful xD



It feels exposing to write all this, but it is good to get it out there :)

About time, W!

Good to see you taking the plunge and you've certainly come to the right place.

I look forward to the journey.

Wizzlebizzle wrote:Hi everyone,

My name is Wizzle and I am a traderholic.

 It is way due that I write this post. I have hit a brick wall in my trading progression and it is time to do something about it. First step, as always is to admit I am stuck. I am stuck.



I haven’t written this before mainly out of a form of embarrassment for having spent so much time on the topic and not being where I thought I would be by now.

Journalling has always helped me when I have been stuck in other areas of life.

So here I am, journaling to you guys and girls and to myself to get my thoughts out there and to get where I want to be as a trader.



My first part of the journey in becoming a trader is pretty much your average: get introduced to trading, read a book, try the methods in the book, fail, read another book, try again, fail, read a forum etc, try something else yadiya.



I don’t take anything at face value so I relatively quickly caught on to the fact that there is a lot of BS out there.

Won’t go into details here as you all know what I mean or you wouldn’t be on this forum Instead I started to do my own research, mainly on statistical analysis and manually backtesting longterm strategies. I found some that worked on paper, but as I write this I realise I haven’t done much with these other than a few trades. This was about 10 years ago and I have taken a long break from it and focus on my regular work.



I have kept one eye on the markets and read a few books looked at a few charts and thrown on a couple of trades during those years, but nothing serious. Until about a couple of years ago, where I had more time on my hands I fully dove back in to it. 

Tried a few simple strategies (no squiglys) on a small real account and they worked on and off, but I ran in to two issues:
1. The practical side of things, trying to merge trading with my job and private life.
2. Not having faith in these strategies


Both led to me not trading much at all.

1.Led to making EAs, which I actually learnt a lot from and have a few of them slowly ticking over in the background, so far successfully.
2.Led to trying to understand how the markets actually work and pretty much led me here and to Zlines.



So here we are. I don’t give up easily, but I have gotten to the point where I have to be honest with myself and ask the question wether or not I should continue with this journey. The thing is, I DO want to continue, because 1. I enjoy it and 2. I believe it is possible to provide a fulltime income from trading, or at least make a good chunk of change to invest elsewhere (to live off)



At the moment I am trading (demo for now) of Zlines and this has given me the most consistent success so far, but this week I have struggled, hence my post here.

My plan is to post my trades here, if only to be accountable to myself, and perhaps receive some input from others.



In one of my next posts I shall convey how I approach trading and what my approach to Zlines is.

 There is a lot more to say about it all, but I’ll end up writing a book if I am not careful xD



It feels exposing to write all this, but it is good to get it out there

Welcome and good luck.
If you like it and it doesnt destroy your life why quit trading?
You could like golf and have fun golfing and still be a bad golfer. Trading doesn't have to be different from that perspective.

LeMercenaire wrote:About time, W!

Good to see you taking the plunge and you've certainly come to the right place.

I look forward to the journey.

Thank you Lem, so do I : )

aliassmith wrote:

Wizzlebizzle wrote:Hi everyone,

My name is Wizzle and I am a traderholic.

 It is way due that I write this post. I have hit a brick wall in my trading progression and it is time to do something about it. First step, as always is to admit I am stuck. I am stuck.



I haven’t written this before mainly out of a form of embarrassment for having spent so much time on the topic and not being where I thought I would be by now.

Journalling has always helped me when I have been stuck in other areas of life.

So here I am, journaling to you guys and girls and to myself to get my thoughts out there and to get where I want to be as a trader.



My first part of the journey in becoming a trader is pretty much your average: get introduced to trading, read a book, try the methods in the book, fail, read another book, try again, fail, read a forum etc, try something else yadiya.



I don’t take anything at face value so I relatively quickly caught on to the fact that there is a lot of BS out there.

Won’t go into details here as you all know what I mean or you wouldn’t be on this forum Instead I started to do my own research, mainly on statistical analysis and manually backtesting longterm strategies. I found some that worked on paper, but as I write this I realise I haven’t done much with these other than a few trades. This was about 10 years ago and I have taken a long break from it and focus on my regular work.



I have kept one eye on the markets and read a few books looked at a few charts and thrown on a couple of trades during those years, but nothing serious. Until about a couple of years ago, where I had more time on my hands I fully dove back in to it. 

Tried a few simple strategies (no squiglys) on a small real account and they worked on and off, but I ran in to two issues:
1. The practical side of things, trying to merge trading with my job and private life.
2. Not having faith in these strategies


Both led to me not trading much at all.

1.Led to making EAs, which I actually learnt a lot from and have a few of them slowly ticking over in the background, so far successfully.
2.Led to trying to understand how the markets actually work and pretty much led me here and to Zlines.



So here we are. I don’t give up easily, but I have gotten to the point where I have to be honest with myself and ask the question wether or not I should continue with this journey. The thing is, I DO want to continue, because 1. I enjoy it and 2. I believe it is possible to provide a fulltime income from trading, or at least make a good chunk of change to invest elsewhere (to live off)



At the moment I am trading (demo for now) of Zlines and this has given me the most consistent success so far, but this week I have struggled, hence my post here.

My plan is to post my trades here, if only to be accountable to myself, and perhaps receive some input from others.



In one of my next posts I shall convey how I approach trading and what my approach to Zlines is.

 There is a lot more to say about it all, but I’ll end up writing a book if I am not careful xD



It feels exposing to write all this, but it is good to get it out there

Welcome and good luck.
If you like it and it doesnt destroy your life why quit trading?
You could like golf and have fun golfing and still be a bad golfer. Trading doesn't have to be different from that perspective.

Hi Aliassmith,

That is a very good question. It is fun and it doesn't do any harm to anyone. The worst it has done so far is that I can get a bit obsessed with it and struggle to quieten my brain, but that is a rare occurrence and can happen with many things in life

The only good answer to your question is that I could potentially invest my time and effort elsewhere in other opportunities.

Just drawing up some charts now to share here.

Where to begin?

I'll just start what is on my mind now and what I am looking at now.

-Start off with a higher time frame bias for direction, aka a line in the sand (see the picture). Please correct me if am wrong here, but from what I have gathered, both statistically, visually and live it is generally more viable to follow a larger timeframe bias.

-Lower time frame for entries

-Higher time frame for targets

-Higher time frame for disaster stops, otherwise exit at momentum close below my line in the sand.

-Money management, for now 1% of my (demo) account. Will experiment with compounding once I am more consistent as this is where the real money is in my opinion.

As for the picture, this is how I would currently use a higher timeframe bias using Zlines/Momentum. In my head it makes sense because u are lining yourself up with momentum, similar to what I have seen others do on this forum.

Any input is welcome

Short term directional bias on GBPUSD is short for the time being, patiently awaiting an entry or for bias to change.

Trying to add a screenshot, but struggling with the file sizes. Apparently a screenshot of a shrunken screenshot is larger than the original lol

Short

And out for +5. Entry was in line with my rules, but did not like the congestion that I was trading in so got out early.

Update on the trades.

I took +5 on both trades (red lines are entries) Both went on to reach the profit target down below (1h Zline)

Just been called off standby, will trade again later in the week.

Wizzlebizzle wrote:Short term directional bias on GBPUSD is short for the time being, patiently awaiting an entry or for bias to change.

Trying to add a screenshot, but struggling with the file sizes. Apparently a screenshot of a shrunken screenshot is larger than the original lol

Adding screenshots here is a nightmare. Don't even think about drawing on a chart and trying to post, lol.