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Thomas Kralow I Flashcards

1
Q

How many indicators does Thomas Kralow utilize in his trading? Approximately what percentage of his trades are based off of indicators alone?

A
  1. 2;
  2. 30%;
    * University Grade Trading Education, Chapter 1, Lesson 1: What to Expect*
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2
Q

Thomas Kralow advises that traders target a ___ risk-to-reward ratio.

A
  1. 1:3;

University Grade Trading Education, Chapter 1, Lesson 1: What to Expect

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3
Q

Thomas Kralow teaches that generally speaking it is better to trade markets that are ___ popular.

A
  1. Less;

University Grade Trading Education, Chapter 1, Lesson 3: About Crypto

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4
Q

Thomas Kralow believes that a realistic yearly day-trading income of approximately ___ is achievable.

A
  1. $1,000,000;

University Grade Trading Education, Chapter 1, Lesson 4: Setting Realistic Expectations

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5
Q

How many “tools” does Thomas Kralow use in his trading?

A
  1. Three;

University Grade Trading Education, Chapter 1, Lesson 5: What is Trading?

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6
Q

How many logged trades does Thomas Kralow believe it takes in order to achieve reliable statistics?

A
  1. 300-400;

University Grade Trading Education, Chapter 1, Lesson 6: The Most Common Mistakes Made By Traders

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7
Q

For how long does Thomas Kralow recommend a trader spend paper trading prior to using real money?

A
  1. One-to-three months;

University Grade Trading Education, Chapter 1, Lesson 6: The Most Common Mistakes Made By Traders

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8
Q

What is the maximum total daily loss that Thomas Kralow recommends a trder suffer prior to “calling it a day”?

A
  1. 3 x Maximum Risk/Trade;

University Grade Trading Education, Chapter 1, Lesson 6: The Most Common Mistakes Made By Traders

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9
Q

What chart timeframes does Thomas Kralow commonly use? Onto which chart timeframe does Thomas place his trades?

A
  1. Either the daily, the 4-hour, or the 1-hour timeframe;
  2. Either the one-minute, five-minute or fifteen-minute timeframe;
  3. Either the one-minute, five-minute or fifteen-minute timeframe;
    * University Grade Trading Education, Chapter 1, Lesson 8: Today & Tomorrow​*
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10
Q

According to Thomas Kralow, False Breaks ___ the power of Key Levels.

A
  1. Increase;

University Grade Trading Education, Chapter 1, Lesson 8: Today & Tomorrow​

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11
Q

According to Thomas Kralow, what are the acceptable triggers for trading off of a Key Level?

A
  1. False Breaks:
  • Complex
  • Simple
  1. True Breaks;
  2. Bounce Structures;
    * University Grade Trading Education, Chapter 1, Lesson 8: Today & Tomorrow*
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12
Q

For what three reasons does Thomas Kralow exit a trade?

A
  1. The Take Profit is triggered;
  2. The Stop is triggered;
  3. A strong signal appears in the opposite direction of profit;
    * University Grade Trading Education, Chapter 1, Lesson 8: Today & Tomorrow*
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13
Q

What three indicators does Thomas Kralow use in his trading?

A
  1. ATR;
  2. Stochastics;
  3. MACD;

Note: Thomas used custom setting that are timeframe-specific.

University Grade Trading Education, Chapter 1, Lesson 8: Today & Tomorrow

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14
Q

What are the three reasons Thomas Kralow exits a trade?

A
  1. The Stop Loss is automatically triggered by the ATM;
  2. The Take Profit is automatically triggered by the ATM;
  3. The trade is manually cancelled is a strong signal in the opposite direction of the trade is observed;
    * University Grade Trading Education, Chapter 2, Lesson 9: Letting Your Profits Run*
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15
Q

What does Thomas Kralow consider to be the weakest of the nine types of support and resistance levels?

A
  1. Floating level;

Note: Never base a trade off of a Floating Level.

University Grade Trading Education, Chapter 2, Lesson 11: The Most Important Rule

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16
Q

Complete the quote:

“If you do not see it, ___.”

-Thomas Kralow

A
  1. it’s probably not there;

University Grade Trading Education, Chapter 2, Lesson 11: The Most Important Rule

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17
Q

What are the seven most common trading mistakes, according to Thomas Kralow?

A

1.

University Grade Trading Education, Chapter 2, Lesson 11: The Most Important Rule

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18
Q

What are the three most popular chart types, per Thomas Kralow?

A
  1. Mountain chart;
  2. Bar chart;
  3. Japanese Candlestick chart;
    * University Grade Trading Education, Chapter 3, Lesson 2: Types of Charts*
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19
Q

What charting platform does Thomas Kralow recommend?

A
  1. ProRealTime;

University Grade Trading Education, Chapter 3, Lesson 2: Types of Charts

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20
Q

What are four common terms for the portions of a Japanese Candlestick which extend either above or below the body?

A
  1. Fuse;
  2. Wick;
  3. Shadow;
  4. Tail;
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21
Q

Thomas Kralow perfers to have at around ___ candles per trading window.

A
  1. 125;

University Grade Trading Education, Chapter 3, Lesson 3: Candle Analysis

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22
Q

Thomas Kralow teaches that the shortes useful candlestick chart timeframe is ___.

A
  1. 15 s;

University Grade Trading Education, Chapter 3, Lesson 4: Timeframes

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23
Q

What are the () chart timeframes that Thomas Kralow commonly uses?

A
  1. 15 s;
  2. 5 min;
  3. 15 min;
  4. 1 h;
  5. 4 h;
  6. Daily;
    * University Grade Trading Education, Chapter 3, Lesson 4: Timeframes*
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24
Q

What are the two “types” of waves, according to Thomas Kralow?

A
  1. Bottom Wave;
  2. Top Wave;

Note: These are equivalent to Mack’s “Swing High” and “Swing Low.”

University Grade Trading Education, Chapter 3, Lesson 5: Waves and Their Structures

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25
Q

What are the three “kinds” of waves, according to Thomas Kralow?

A
  1. Round Waves;
  2. Broken Waves (a large wave consisting of several small waves);
  3. Spike Waves;
    * University Grade Trading Education, Chapter 3, Lesson 5: Waves and Their Structures*
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26
Q

What are the two types of trends, according to Thomas Kralow?

A
  1. Climbing Trend;
  2. Falling Trend;
    * University Grade Trading Education, Chapter 3, Lesson 6: Trends*
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27
Q

When it comes to trend following, Thomas Kralow advises, “Do what you ___, not what you ___.”

A
  1. See;
  2. Think;
    * University Grade Trading Education, Chapter 3, Lesson 6: Trends*
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28
Q

What are the three trend “structures” (not types) which Thomas Kralow describes?

A
  1. Fast;
  2. Slow;
  3. Hectic;

Note: Examples include a “Slow Falling Trend” and a “Fast Climbing Trend.”

University Grade Trading Education, Chapter 3, Lesson 7: Structures of Trends

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29
Q

Thomas Kralow teaches that the ___ chart timeframe usually displays the most useful information regarding trends.

A
  1. Daily;

University Grade Trading Education, Chapter 3, Lesson 7: Structures of Trends

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30
Q

According to Thomas Kralow, a ___ is a term which refers to a “reason to enter a trade.”

A
  1. Signal;

University Grade Trading Education, Chapter 3, Lesson 8: Major Trend

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31
Q

According to Thomas Kralow, potential trading signals observed in the “smaller trend” (i.e., the trend observed on the main trading chart) must be supported by the ___ (i.e., the trend observed on a larger timeframe chart) to be considered reliable.

A
  1. Major trend;

University Grade Trading Education, Chapter 3, Lesson 8: Major Trend

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32
Q

Thomas Kralow recommends that if one elects to use a one minute timeframe trading chart, that they use a ___ minute chart in order to confirm the “major trend.”

A
  1. Five;

University Grade Trading Education, Chapter 3, Lesson 8: Major Trend

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33
Q

What term does Thomas Kralow use for what is more commonly referred to as a “range” supported by horizontal lines of support and resistance?

A
  1. Squeeze Channel;

University Grade Trading Education, Chapter 3, Lesson 9: Channels

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34
Q

What are the two types of flags that Thomas Kralow identifies?

A
  1. Shrinking;
  2. Spreading;
    * University Grade Trading Education, Chapter 3, Lesson 10: Flags*
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35
Q

Thomas Kralow teaches to avoid trading a ___ flag.

A
  1. Spreading;

University Grade Trading Education, Chapter 3, Lesson 9: Channels

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36
Q

The process of a ___ Flag is distribution.

A
  1. Spreading;

University Grade Trading Education, Chapter 3, Lesson 10: Flags

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37
Q

The process behind a ___ Flag is accumulation.

A
  1. Shrinking;

University Grade Trading Education, Chapter 3, Lesson 10: Flags

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38
Q

A ___ Flag will often result in a breakout.

A
  1. Shrinking;

University Grade Trading Education, Chapter 3, Lesson 10: Flags

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39
Q

In Chapter 3, Lesson 12 of his University Grade Trading Education, Thomas Kralow teaches, “Do not trade a ___ market.” In Chapter 4, Lesson 3, he clarifies by adding, “Do not trade a ___ market if you are trading purely with ___ tools.”

A
  1. Hectic;
  2. Hectic;
  3. Indicator;
    * University Grade Trading Education, Chapter 3, Lesson 12: The Mood of the Market, Chapter 4, Lesson 3: Divergence Versus Convergence*
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40
Q

What are the three general market conditions (AKA “moods”) Thomas Kralow identifies?

A
  1. Side Moving;
  2. Hectic;
  3. Trendy;
    * University Grade Trading Education, Chapter 3, Lesson 12: The Mood of the Market*
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41
Q

What two indicators does Thomas Kralow use in his trading?

A
  1. MACD;
  2. Stochastics;
    * University Grade Trading Education, Chapter 4, Lesson 1: Indicators*
42
Q

Thomas Kralow states that ___% of his trading decisions are based on indicators.

A
  1. 30;

University Grade Trading Education, Chapter 4, Lesson 1: Intro to Indicators

43
Q

What are the two basic types of Channel that Thomas Kralow identiies?

A
  1. Squeeze;
  2. Trend;
    * University Grade Trading Educatio**n, Chapter 3, Lesson 9: Channels*
44
Q

According to Thomas Kralow, a ___ Flag symolizes distribution, while a ___ Flag symbolizes accumulation.

A
  1. Spreading;
  2. Shrinking;
    * University Grade Trading Education, Chapter 3, Lesson 9: Channels*
45
Q

When trading short-term trends using the 1-minute, 5-minute or 15-minute charts, about how long into the trading day does Thomas Kralow suggest it takes in order to have an accurate idea of the market’s “mood”?

A
  1. Three hours;

University Grade Trading Education, Chapter 3, Lesson 10: The “Mood” of the Market

46
Q

What are the MACD default settings for Short-Term MA, Long-Term MA, and Signal NBR Periods?

A
  1. 12;
  2. 26;
  3. 9;
    * University Grade Trading Education, Chapter 4, Lesson 2: MACD*
47
Q

How many candles does Thomas Kralow like to see on his trading screen (a number which he feels gives the MACD a good aesthetic)?

A
  1. 200;

University Grade Trading Education, Chapter 4, Lesson 2: MACD

48
Q

What are the names of the three lines plotted by the MACD indicator?

A
  1. MACD Line;
  2. Signal Line (AKA Trigger Line);
  3. Zero Line;
    * University Grade Trading Education, Chapter 4, Lesson 2: MACD*
49
Q

Which default MACD line comprises the Signal / Trigger Line?

A
  1. 9-Period MA;

University Grade Trading Education, Chapter 4, Lesson 2: MACD

50
Q

According to Thomas Kralow, “We use [the] MACD to___.”
With regard to the original purposes of the MACD (identifying cross-overs, divergences, rapid rises and falls), Thomas Kralow disregards all but one of those uses, looking for ___.

A
  1. Hunt for trends and find weaknesses in them (i.e. trend direction changes);
  2. Divergences;
    * University Grade Trading Education, Chapter 4, Lesson 2: MACD*
51
Q

How is the MACD Line calculated?

A
  1. The MACD Line is calculated by subtracting the Long Term MA from the Short Term MA;

University Grade Trading Education, Chapter 4, Lesson 2: MACD

52
Q

According to Thomas Kralow, the “MACD is a ___ following ___ indicator.”

A
  1. Trend;
  2. Momentum;
    * University Grade Trading Education, Chapter 4, Lesson 2: MACD*
53
Q

How does Thomas Kralow utilize the concepts of “convergence” and “divergence” with regard to the MACD Line of the MACD indicator?

A
  1. Convergence refers to the correlation of the waves of the MACD Line to the waves of price / candlesticks (“convergence” indicates strength in the current market structure [e.g., confirms the power of a trend]), while divergence refers to a disassociation between the waves (“divergence” indicates a weakness in the market structure [e.g., the trend is losing its momentum]).

University Grade Trading Education, Chapter 4, Lesson 3: Convergence Versus Divergence

54
Q

What rule can be implemented to help avoid false divergences in the MACD? What does the rule remind us of?

A
  1. “50% MACD (+/- 8) from the Previous Peak or Bottom is Perfect”;
  2. In an uptrend, don’t consider a dissociated MACD Line top wave to be truly “divergent” unless it is only 42-58% the height of the previous top wave.
    * University Grade Trading Education, Chapter 4, Lesson 4: Drawbacks of MACD*
55
Q

What does Thomas Kralow teach is the major flaw of the MACD indicator?

A
  1. False divergence;

University Grade Trading Education, Chapter 4, Lesson 4: Drawbacks of MACD

56
Q

What two horizontal line are plotted on the default Stochastic indiator? What additional line does Thomas Kralow recommend adding?

A
  1. 80 & 20;
  2. 60, 50 & 40;
    * University Grade Trading Education, Chapter 4, Lesson 5: Stochastic*
57
Q

What is the vertical value range of the Stochastic indicator?

A
  1. 0-100;

University Grade Trading Education, Chapter 4, Lesson 5: Stochastic

58
Q

What are the two oscillating lines of the Stochastic indicator called, and which does Thomas Kralow remove from his charts?

A
  1. %K & %D Lines;
  2. %D Line;
    * University Grade Trading Education, Chapter 4, Lesson 5: Stochastic*
59
Q

At what vertical value does the Stochastic indicator provide evidence of an “overbought” market condition? Oversold?

A
  1. ≥ 80;
  2. ≤ 20;
    * University Grade Trading Education, Chapter 4, Lesson 5: Stochastic*
60
Q

Rather than referring to the oscillations of the Stochastic indicator as “Waves,” Thomas Kralow prefers the term “___.” Rather than identifying a Stochastic “Top Wave,” he identifies a “___,” and rather than a “Bottom Wave,” he identifies a “___.”

A
  1. Peaks;
  2. Peak Up;
  3. Peak Down;
    * University Grade Trading Education, Chapter 4, Lesson 5: Stochastic*
61
Q

Thomas Kralow suggests comparing the ___s of the Stochastic indicator with the waves of Price Action candlesticks in an effort to identify ___ and hence trend ___.

A
  1. Peaks;
  2. Divergence;
  3. Weaknesses;
    * University Grade Trading Education, Chapter 4, Lesson 5: Stochastic*
62
Q

Thomas Kralow teaches that the ___ indicator should never be used without the ___ indicator. Of these two indicators, only the ___ should be considered to produce trading signals.

A
  1. Stochastic;
  2. MACD;
  3. MACD;
    * University Grade Trading Education, Chapter 4, Lesson 5: Stochastic*
63
Q

The Stochastic indicator is most likely to produce “false signals” during times of ___ volatility.

A
  1. High;

University Grade Trading Education, Chapter 4, Lesson 6: Drawbacks of Stochastic

64
Q
A

University Grade Trading Education, Chapter 4, Lesson 7: Levels 2.0

65
Q

What Stochastic zones are considered by Thomas Kralow to be the “Power Zones”? By what other name does he refer to these zones?

A
  1. 80-100 & 0-20;
  2. Green Zone & Red Zone;
    * University Grade Trading Education, Chapter 4, Lesson 5: Stochastic*
66
Q

What Stochastic zone does Thomas Kralow consider to be the “Neutral Zone”?

A
  1. 40-60;

University Grade Trading Education, Chapter 4, Lesson 5: Stochastic

67
Q

Stochastic Peaks which occur outside of the Power Zones are referred to as “___” by Thomas Kralow.

A
  1. Hooks;

University Grade Trading Education, Chapter 4, Lesson 7: Levels 2.0

68
Q

What structure does Thomas Kralow most love to observe in the Stochastic?

A
  1. Stairs;

University Grade Trading Education, Chapter 4, Lesson 7: Levels 2.0

69
Q

Thomas Kralow states that his method of “counting waves” is ony useful in four chart timeframes: ___.

A
  1. 1 min;
  2. 5 min;
  3. 15 min;
  4. 1 h;
    * University Grade Trading Education, Chapter 4, Lesson 8: Counting Waves*
70
Q

To what does Thomas Kralow refer with the term “counting waves”?

A
  1. Calculating the time it takes for a complete price action wave to be generated;

University Grade Trading Education, Chapter 4, Lesson 8: Counting Waves

71
Q

Thomas Kralow’s technique of “___” can assist in setting an expectation for future price action in that the amount of time it takes for consecutive waves to form can be observed for either consistency or widening / narrowing (or as Thomas says, “spreading / shrinking”) timeframes.

A
  1. Counting waves;

University Grade Trading Education, Chapter 4, Lesson 8: Counting Waves

72
Q

If a particular chart timeframe presents side moving price action (AKA a Squeeze Channel or Range), Thomas Kralow recommends moving to a ___ timeframe chart (which he often refers to as a “___”) in order to look more closely for trends.

A
  1. Shorter;
  2. Lense;
    * University Grade Trading Education, Chapter 4, Lesson 9: Side Move*
73
Q

The shortest term chart (i.e., largest lense) which Thomas Kralow will investigate when looking for trends is the ___ timeframe.

A
  1. 15 s;

University Grade Trading Education, Chapter 4, Lesson 9: Side Move

74
Q

Thomas Kralow recommends that the risk of loss on any particular trade be limited to ___ of the total account value.

A
  1. ≤ 1%;

University Grade Trading Education, Chapter 5, Lesson 1: Intro to Risk Management

75
Q

What does the acronym ATR stand for?

A

ATR

A - Average;

T - True;

R - Range;

University Grade Trading Education, Chapter 5, Lesson 2: Intro to ATR

76
Q

Thomas Kralow recommends that the ATR be calcuated each morning from the ___ chart, using a period of ___, and beginning with ___.

A
  1. Daily;
  2. Five (days);
  3. The previous day;
    * University Grade Trading Education, Chapter 5, Lesson 2: Intro to ATR*
77
Q

Thomas Kralow states that roughly ___% of daily candlesticks are “paranormal,” that is, roughly ≥ ___% the normal ATR. Hence, the probability that the daily price movement will exceed the normal ATR is only ___% as well.

A
  1. 15;
  2. 200;
  3. 15;

Note: Thomas Kralow disregards paranormal candles when calculating the daily ATR.

University Grade Trading Education, Chapter 5, Lesson 2: Intro to ATR

78
Q

Thomas Kralow teaches that if the market has moved more than ___% of the 5-Period Daily ATR (either up or down) from the market open, no further trading signals should be utilized in the direction of the correponding trend. In contrast, signals should be considered for price movement in the opposite direction.

A
  1. 50;

University Grade Trading Education, Chapter 5, Lesson 2: Intro to ATR

79
Q

Thomas Kralow teaches that days during which the market price of an equity has already moved greater than ___% the of normal 5-Period Daily ATR are likely to present excellent opportunities to take counter-trend trades. In fact, he claims that it is statistically-proven that such conditions feature an approximately ___% chance of reversing.

A
  1. 200;
  2. 80;
    * University Grade Trading Education, Chapter 5, Lesson 2: Intro to ATR*
80
Q

What does Thomas Kralow do if he encounters a “paranormal” candle when calculating the 5-Period Daily ATR?

A
  1. He skips the “paranormal” candle and instead utilizes the day prior;

University Grade Trading Education, Chapter 5, Lesson 2: Intro to ATR

81
Q

What market level does Thomas Kralow recommend marking on one’s trading chart every morning?

A
  1. The price level at the time of the official “Market Open”;

University Grade Trading Education, Chapter 5, Lesson 2: Intro to ATR

82
Q

Thomas Kralow teaches that it is generally perferable to place trades when price movement since the Market Open is < ___% of the 5-Period Daily ATR.

A
  1. 20;

University Grade Trading Education, Chapter 5, Lesson 2: Intro to ATR

83
Q

Thomas Kralow teaches that with-trend trades placed on days during which the market price of an equity has already moved greater than ___% the of normal 5-Period Daily ATR feature only a ___% success rate.

A
  1. 100;
  2. 20;
    * University Grade Trading Education, Chapter 5, Lesson 2: Intro to ATR*
84
Q

Thomas Kralow’s “Back Into Trend” rule applies only to ___ trading.

A
  1. Indicator;

Note: The only example provided in the referenced lesson came from the MACD.

University Grade Trading Education, Chapter 5, Lesson 3: “Back Into Trend” Rule

85
Q

Briefly summarize Thomas Kralow’s “Back Into Trend Rule.”

A
  1. If the MACD or Stochastic demonstrate divergence with price action yet subsequent waves of price action are consistent with the previous trend, return to focus only on with-trend trading.

University Grade Trading Education, Chapter 5, Lesson 3: “Back Into Trend” Rule

86
Q

In terms of potential price movement, Thomas Kralow teaches that a trader should “analyze the market and set an expectation for each trade.” What should this expectation be based upon?

A
  1. The average range of the preceeding waves visible on the trading chart;

University Grade Trading Education, Chapter 4, Lesson 10: Managing Any Market Situation

87
Q

Thomas Kralow teaches that a trader should stop trading for the rest of the day if they have experienced ___ consecutive losses. He calls this concept the ___.

A
  1. 3;
  2. Three Losses Rule;
    * University Grade Trading Education, Chapter 5, Lesson 4: Three Losses Rule*
88
Q

Should a trader insist upon trading even after suffering a series of losses, Thomas Kralow suggests ___ the number of contracts risked per trade. He refers to this concept as the ___.

A
  1. Decreasing;
  2. Lower Contract Number Rule;
    * University Grade Trading Education, Chapter 5, Lesson 5: Lower Contract Number Rule*
89
Q

According to Investopedia, the ___ is a system of investing in which the dollar value of investments is continually increased after losses in order to amplify the chance of recovery. The strategy involves doubling up on losing bets on the premise that only one good bet or trade is needed to turn one’s fortunes around.

A
  1. Martingale System;

https://www.investopedia.com/terms/m/martingalesystem.asp

90
Q

Moving average convergence divergence (MACD) is a ___-following ___ indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the ___-period exponential moving average (EMA) from the ___-period EMA.

The result of that calculation is the MACD line. A ___-day EMA of the MACD called the “___” is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals.

A
  1. Trend;
  2. Momentum;
  3. 26;
  4. 12;
  5. Nine;
  6. Signal Line;
    * https://www.investopedia.com/terms/m/macd.asp*
91
Q

A stochastic oscillator is a ___ indicator comparing a particular closing price of a security to a range of its prices over a certain period of time. The sensitivity of the oscillator to market movements is reducible by adjusting that time period or by taking a moving average of the result. It is used to generate ___ and ___ trading signals, utilizing a ___-___ bounded range of values.

A
  1. Momentum;
  2. Overbought;
  3. Oversold;
  4. 0-100;
    * https://www.investopedia.com/terms/s/stochasticoscillator.asp*
92
Q

In the event of an unexpected favorable spike in price (during which trading indicators lag too much to be of any value in predicting trend weakness), Thomas Kralow recommends protecting oneself from a potential reversal by moving the Stop Loss to ___. He refers to this concept as the ___.

A
  1. Half-way between the entrance of the trade and the apex of the price spike (i.e., protecting 50% of one’s profit);

University Grade Trading Education, Chapter 5, Lesson 6: 50% Spike Rule

93
Q

Thomsas Kralow’s ___ Rule has also been referred to as the “One-to-Two Minutes Before or After Rule”.

A
  1. Dangerous Market Times;

University Grade Trading Education, Chapter 5, Lesson 7: Dangerous Market Times Rule

94
Q

Thomas Kralow recommends avoiding trading withing one-to-two minutes before and after the following four events: ___. He refers to this concepts as the ___.

A
  1. Market Open (including Market Opens in foreign countries);
  2. Market Close;
  3. Breaks;
  4. Significant News;
  5. Dangerous Market Times Rule;
    * University Grade Trading Education, Chapter 5, Lesson 7: Dangerous Market Times Rule*
95
Q

Thomsas Kralow’s ___ Rule has also been referred to as the “Trade Only What You See, Not What You Think Rule”.

A
  1. Do What You See Rule;

University Grade Trading Education, Chapter 5, Lesson 8: Do What You See Rule

96
Q

Thomsas Kralow’s teaches that “as traders, we must do only what we ___, and not what we ___”. He refers to this as the ___.

A
  1. See;
  2. Think;
  3. Do What You See Rule;
    * University Grade Trading Education, Chapter 5, Lesson 8: Do What You See Rule*
97
Q

Thomas Kralow teaches that generally-speaking, the Market likes to “close the gap” seen between ___.

A
  1. The price at Market Close and the price at Market Open;

University Grade Trading Education, Chapter 5, Lesson 9: Watch Out for Gaps Rule

98
Q

At Market Open, Thomas Kralow teaches that the ___ should be taken into account when considering the percentage the Market has already moved with relation to the 5-Period Daily ATR.

A
  1. Gap (i.e., the difference in price between the previous Market Close and the Market Open);

University Grade Trading Education, Chapter 5, Lesson 9: Watch Out for Gaps Rule

99
Q

Thomas Kralow teaches that the Five Minute Candle Test Rule is only relevant to ___ trading.

A
  1. Indicator;

University Grade Trading Education, Chapter 5, Lesson 10: Five Candle Test Rule

100
Q

If a counter-trend trade has been initiated based upon a signal generated by an indicator’s demonstration of trend weakness, Thomas Kralow teaches that if the trade has not moved in the desired direction within ___ candles, there is unlikely to be an impulse move and consideration should be given to closing the trade. He refers to this concept as the ___.

A
  1. Five;
  2. Five Candle Test Rule;
    * University Grade Trading Education, Chapter 5, Lesson 10: Five Candle Test Rule*

Stock Market (6 decks)

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