Thomas Kralow I Flashcards
(100 cards)
How many indicators does Thomas Kralow utilize in his trading? Approximately what percentage of his trades are based off of indicators alone?
- 2;
- 30%;
* University Grade Trading Education, Chapter 1, Lesson 1: What to Expect*
Thomas Kralow advises that traders target a ___ risk-to-reward ratio.
- 1:3;
University Grade Trading Education, Chapter 1, Lesson 1: What to Expect
Thomas Kralow teaches that generally speaking it is better to trade markets that are ___ popular.
- Less;
University Grade Trading Education, Chapter 1, Lesson 3: About Crypto
Thomas Kralow believes that a realistic yearly day-trading income of approximately ___ is achievable.
- $1,000,000;
University Grade Trading Education, Chapter 1, Lesson 4: Setting Realistic Expectations
How many “tools” does Thomas Kralow use in his trading?
- Three;
University Grade Trading Education, Chapter 1, Lesson 5: What is Trading?
How many logged trades does Thomas Kralow believe it takes in order to achieve reliable statistics?
- 300-400;
University Grade Trading Education, Chapter 1, Lesson 6: The Most Common Mistakes Made By Traders
For how long does Thomas Kralow recommend a trader spend paper trading prior to using real money?
- One-to-three months;
University Grade Trading Education, Chapter 1, Lesson 6: The Most Common Mistakes Made By Traders
What is the maximum total daily loss that Thomas Kralow recommends a trder suffer prior to “calling it a day”?
- 3 x Maximum Risk/Trade;
University Grade Trading Education, Chapter 1, Lesson 6: The Most Common Mistakes Made By Traders
What chart timeframes does Thomas Kralow commonly use? Onto which chart timeframe does Thomas place his trades?
- Either the daily, the 4-hour, or the 1-hour timeframe;
- Either the one-minute, five-minute or fifteen-minute timeframe;
- Either the one-minute, five-minute or fifteen-minute timeframe;
* University Grade Trading Education, Chapter 1, Lesson 8: Today & Tomorrow*
According to Thomas Kralow, False Breaks ___ the power of Key Levels.
- Increase;
University Grade Trading Education, Chapter 1, Lesson 8: Today & Tomorrow
According to Thomas Kralow, what are the acceptable triggers for trading off of a Key Level?
- False Breaks:
- Complex
- Simple
- True Breaks;
- Bounce Structures;
* University Grade Trading Education, Chapter 1, Lesson 8: Today & Tomorrow*
For what three reasons does Thomas Kralow exit a trade?
- The Take Profit is triggered;
- The Stop is triggered;
- A strong signal appears in the opposite direction of profit;
* University Grade Trading Education, Chapter 1, Lesson 8: Today & Tomorrow*
What three indicators does Thomas Kralow use in his trading?
- ATR;
- Stochastics;
- MACD;
Note: Thomas used custom setting that are timeframe-specific.
University Grade Trading Education, Chapter 1, Lesson 8: Today & Tomorrow
What are the three reasons Thomas Kralow exits a trade?
- The Stop Loss is automatically triggered by the ATM;
- The Take Profit is automatically triggered by the ATM;
- 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*
What does Thomas Kralow consider to be the weakest of the nine types of support and resistance levels?
- Floating level;
Note: Never base a trade off of a Floating Level.
University Grade Trading Education, Chapter 2, Lesson 11: The Most Important Rule
Complete the quote:
“If you do not see it, ___.”
-Thomas Kralow
- it’s probably not there;
University Grade Trading Education, Chapter 2, Lesson 11: The Most Important Rule
What are the seven most common trading mistakes, according to Thomas Kralow?
1.
University Grade Trading Education, Chapter 2, Lesson 11: The Most Important Rule
What are the three most popular chart types, per Thomas Kralow?
- Mountain chart;
- Bar chart;
- Japanese Candlestick chart;
* University Grade Trading Education, Chapter 3, Lesson 2: Types of Charts*
What charting platform does Thomas Kralow recommend?
- ProRealTime;
University Grade Trading Education, Chapter 3, Lesson 2: Types of Charts
What are four common terms for the portions of a Japanese Candlestick which extend either above or below the body?
- Fuse;
- Wick;
- Shadow;
- Tail;
Thomas Kralow perfers to have at around ___ candles per trading window.
- 125;
University Grade Trading Education, Chapter 3, Lesson 3: Candle Analysis
Thomas Kralow teaches that the shortes useful candlestick chart timeframe is ___.
- 15 s;
University Grade Trading Education, Chapter 3, Lesson 4: Timeframes
What are the () chart timeframes that Thomas Kralow commonly uses?
- 15 s;
- 5 min;
- 15 min;
- 1 h;
- 4 h;
- Daily;
* University Grade Trading Education, Chapter 3, Lesson 4: Timeframes*
What are the two “types” of waves, according to Thomas Kralow?
- Bottom Wave;
- 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