DislikedHow do you know? Do you have level II? Would you be so kind to share a link? That tool would be useful.Ignored
Just press on the Live Market commentary on the left side.
We leave no soldier behind.
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DislikedHow do you know? Do you have level II? Would you be so kind to share a link? That tool would be useful.Ignored
DislikedDaily trading rule are as follows:
1. Create daily chart on any pair
2. Enter Buy/Sell order upon Sunday or Monday open at 2400 GMT. 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)
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)
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.
4. Use 40 PIP stops on all orders.
5. Close between 2300 and 2400.
6. Repeat trade rules at 2400 GMT.
No straddling the price entry. Enter market immediately with 40 PIP reversal companion order...
Happy Trading,
TkimbleIgnored
DislikedCan you please explain me more I do not understand which GMT time I am in melbourne victoria.
ThanksIgnored
DislikedHi all, I've been back-testing and forward testing TK system but with a little change: at 40 pips move stop to BE and reverse order to BE also. TP is 100 pips. I open orders at 23:00gmt and carry over positions to next day. The open time will make a huge difference to the results. I back-tested with the 3 day reverse rule (which was still profitable) but with current market conditions for GBP/JPY it doesn't seem a great idea (just follow the trend). I only trade this with GBP/JPY and 2 trades max per day. So far since the 7th of January 3850 pips. My greatest difficulty is simply following the rules exactly. Great to see this thread is still alive and Good on ya TKIgnored
Dislikedi did move the stops to positive territory a while ago....i was at +170 and + 130 for GY but now it's back down to +120 and +80......my stops are at 246.40 for now, but i am afraid to lose the profit i have right now. looks like its going up now....Ignored
Dislikedits not looking good!!!! wish i would have locked in my profits.....right now it's almost at the SL and keeps going up......damn.....Ignored
Dislikedwell i don't have any indicators that would pick up the pullbacks on this scale really. they are too unpredictable if you ask me. according to my strategy and the SMA it will still continue to fall and the pullbacks should not go too far up. or so the theory....Ignored