DislikedHello Scrat. I haven't seen you in the TK forum for some time. The rules haven't changed. However, a lot of us have personalized it. From page 1:
Daily trading rule are as follows:
1. Create daily chart on any pair (GY ONLY)
1a. YOU MAY NOT WANT TO TRADE (OR LIMIT YOUR EXPOSURE) IF IT IS RANGING INSIDE THE RIBBON I DESCRIBED IN A PREVIOUS POST
2. Enter Buy/Sell order upon Sunday or Monday open at 2400 GMT (or 23:00). Order should be consistent with previous days trend (i.e; Previous day up, Place "Buy" market order, Previous day down, enter "Sell" market order at open) OR WAIT UNTIL IT HITS THE 24 SMA ON H1
2. Place opposite side trade 40 PIPS aways from initial market order (i.e.; if initial order was a Buy Place immediate Sell side order 40 PIP away from initial market entry) (+SPREAD)
3. If same trend for three consecutive days, place next days open order opposite of previous three days trend. i.e; If Monday, Tuesday and Wednesday were up days, Thursday would be a Sell order. OR IGNORE THIS RULE
4. Use 40 PIP stops on all orders. (+SPREAD)
5. Close between 2300 and 2400. OR IF +40 PIPS, CARRYOVER TO NEXT DAY AND OPEN A NEW ORDER (DOUBLE DOWN). MOVE SL ON CARRYOVER TO NEW SL. There is no reason to close if you ignore #3.
6. Repeat trade rules at 2400 GMT. (OR 23:00)
7. YOU MAY WANT TO TP. SOME TAKE HALF AT +60 & LET THE REST RIDE. SOME TAKE ALL AT +100 OR +120...OR NOT...
8. CONSIDER MAX TRADES PER DAY=2
It has become less mechanical.
Ignored
"Those who see Invisible can do Impossible."
-Rev. Dadaji