I guess if one were to consider adapting the rules the way we have discussed, there are several options... You certainly could wait out the the first whip let it reverse (if it does at all, and as we have discussed, it USUALLY does, at least once if ...

Yes Brett, I have been thinking of this exact same thing. I agree with Jim's post above wholeheartedly, in that if you tweak and change to your liking (as TK encourages if you are so inclined) then you need to be aware of the fact that you have to ...

Good question, I would like to know as well.

I have found that the first candles of the GY often sort of follow a pattern out of the gate and that if you can see and observe this over time, you sometimes can take advantage of it. In the first hour and a half to two hour or so, (New Zealand and ...

I can share a couple of things. First, yes there is an EA, but a couple of weeks ago it came under it's own separate thread, "the Daily Scalping EA". TK does not use EA's, and prefers to manually steer his trades as opposed to letting an EA handle ...

Yes, I want to ask and am curiuos about the same thing, I only see (1) LWMA on the chart. Where's the other one?

You know, it's funny. I definately hear you on the G/U, and this week was not very good for me on the GJ either, but much of it was due to stupid mistakes on my part. But last week, I had over 1000 pips on the GJ with this method, and no doubt there ...

Thanks Jim - pretty good insight and thought plan.

I think FX Sol might be able to that via SMS, nice platform, lots can easily be split via multiple stops, TP's, and trailings which is really nice for the TK Daily Method, but 9 pip spread on G/J is the only drawback.

Jim, So what you're saying is that you set your initial SL to 40, as per the rules, and then don't do anything until and unless it hits +120, at which time you will take half off, and move the other half to BE, which was your original entry price?? ...

Thanks, and here we go again! — Thank you TK for this method. I can't wait to get started, and as per usual, I see people have already jumped in and started a healthy Q&A and back and forth dialog. I would imagine that with all these ...

New TK Systems? — TK, I and I'm sure many others, are anxiously waiting for the (2) new systems. I know you've already started the thread for them and shared with us that "they'll be coming", but.....I CAN'T WAIT!!! Thanks

Thanks. You're right!! That's a very good point, and another valuable lesson for me.

A Hard Lesson Learned — Last night, while waiting for the new candle to open on the G/J pair to trade the Daily Method, I waited for what seemed to be a fair amount of time, and still saw no candle. I wanted to go short according to the rules, ...

Thanks, it's really the first time I took a look. Interesting...and you're right, worth keeping an eye on if a trader is so inclined, and I think that even though I love the daily and it's original rules, a little help with the potential whips and ...

Unless something drastic happens in the next few hours, tomorrow you would enter short, if you follow the rules.

Funny thing too last night and today that I noticed on the G/J... I was just messing around and for the heck of it placed a Fibo on there with my candles. And if (??) I drew it right, it hit the 50% retracement almost exactly before it headed south ...

I'm impressed. That's not only good trading as Peter said, it's courageous! I was stopped out last night 3 times as well and then decided to call it a day and wait until tonight (of course only then to see it take off this AM). But last week netted ...

Your "new day" starts depending on where you live (your time frame), and your brokers platform. I live on the east coast US (New England), and my broker's platform starts their new day at 5:00PM EST (because that's when New Zealand opens). So, I ...

I don't use EA's but MT4 is free, and lends itself very well to custom scripts and EA's, that's why it has such a popular following here. You can download it for free from www.strategyBuilderFX.com and also Metaquotes (there may be others). You can ...