PowerX Strategy "PowerZ"

[prochargedmopar]

2 or 3

When you stack two closing prices into a bar then it is no different than a 1 SMA, but once you start adding unknowns into the range the effect is similar to using an average price.

Glad to help. . .

It's not so much what you said,
It's what you said.

[prochargedmopar]

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[kiwiarian]

2 or 3

When you stack two closing prices into a bar then it is no different than a 1 SMA, but once you start adding unknowns into the range the effect is similar to using an average price.

Glad to help. . .

It's not so much what you said,
It's what you said.

I think you northern hemisphere people have your own language sometimes.....

[Don_xyZ]

As for trading method.....

I think some people are better off learning from paid mentor reason being:

1. They offer the complete package. Well, some of them. They have signal service/discussion during the day, they have the PDF, they are ready for personal coaching (some will require additional fees). So you can also earn while learning their stuff.
2. When you pay out of your own pocket you normally would learn better thinking that you must never waste money. Think about your parents when they pay your school tuition or extra lessons or that piano lessons or violin etc.
3. There is a community of people who are also learning. The variety of skill level in the community means that your questions are already answered somewhere in the group's platform with lots and lots of example.
4. With great number comes great confidence. A community with a lot of members will boost your confidence for sure because you know a lot of people are on your side. This will help you psychologically.
5. There will be success story section on the group or testimonials to inspire you and help push you forward. They will tell you the pitfalls and the useful stuff you have to pick up. Kind of a blue print for success using their method so you have role models to choose from.
6. Knowing that there will be people around the clock (members from around the globe) to help you or be there for you is also a great thing. A sense of comradeship is understood only by a select few and the effects can't be ignored.

In Kreslik, we have none of that.

1. What you have here are seasoned traders who shared their stuff for free and as such, they are under no obligation to do all the stuff mentioned above.
2. You can ask and you might or might not get your answer because the traders here mostly post in their spare time or just whenever they feel like it. So, self motivation is crucial in here.
3. Be precise of what you're looking for or when you ask questions because people are different and they came from different walks of life. So in order to get the right answer, you must ask the right question.
4. Sometimes you get rude awakening but that's mostly because Kreslikers want you to see something. You know, when people slap you to make you come to your senses.
5. Community is a herd but Kreslikers are specialists so the stuff you find here are way above what you would normally pay for the courses. Pick one and do it religiously or if you're not religious then do it extremely obsessively. Picture a monk or someone who lives in a cave for years to master kungfu or black magic. If it doesn't work, then there are still plenty of stuff to choose from and then repeat the whole cave thing again.
6. Be sure to pick something that fits you. Don't try to emulate Kreslikers just because it looks good coz you might not fit for it. There are low risk strategies, medium risk strategies and there are high risk strategies. There are short term method (positions are taken and liquidated in less than a day) there are medium term and long term method. Most people confuse themselves thinking that they can just use any strategies and this is wrong. Know who you are, what you can do, what are your weaknesses and limitations. Thinking you might be able to do something won't get you anywhere because the fact is there's a wide gap between expectations and reality. Everyone aspire to become Mohammed Ali or Michael Jordan or Joe Satriani but very few of them are successful.
7. I'm too tired to type. Took me like more than 2 hours to think and do the typing on a phone especially when I'm still in hospital. Kreslikers will add to this as they see fit.

[IgazI]

As for trading method.....

I think some people are better off learning from paid mentor reason being:

What percent of their account should they give these mentors?

I think that this is more in their price range.

[IgazI]

2 or 3

When you stack two closing prices into a bar then it is no different than a 1 SMA, but once you start adding unknowns into the range the effect is similar to using an average price.

Glad to help. . .

It's not so much what you said,
It's what you said.

We are taking the title of "the cryptic one" from MO and giving it to you, congratulations.

[kiwiarian]

As for trading method.....

I think some people are better off learning from paid mentor reason being:

What percent of their account should they give these mentors?

I think that this is more in their price range.

If you want something a bit more interactive, the AI chat bots can you help you understand topics and strategy's. They don't have access to the latest financial data but they can help you set up systems for analysis etc.

[prochargedmopar]

Aud,
Then OIL

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[prochargedmopar]

Oops, wrong thread again.

[prochargedmopar]

Not sure.. I'm lost

There are different wayfinders on Kreslik.
The trick is to choose one. Choose ONE and head that way.
Do not use your own GPS, add-ons or other fancy stuff when you start because they are faulty.

Which way do you choose?

I often tell people that there is a good chance that my methods are likely not what they are looking to emulate.

My personal picks for most people are:

Alias' method:
- no vocabulary to learn
I find it annoying that everyone feels the need to name every little nuance
- simple strong bias (20 SMA)
- easy to understand entry strategy
- lowest risk entry strategy

dchappy's method:
- no vocabulary to learn.
- simple strong bias (a trend line)
- easy to understand entry strategy (MACD cross)
- low risk high reward strategy

TRO's method:
- no vocabulary to learn
- simple strong bias (color)
- easy to understand entry strategy (crossing horiz. lines)
- low risk low reward strategy

I would love to add Don to the list but I think that it is more intermediate level.

"Combine it, and design it" Rusty Rivets