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Tkpower8 ATM

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  • #1
  • First Post: Edited Jul 24, 2009 1:21am Dec 15, 2008 1:45am | Edited Jul 24, 2009 1:21am

TKPOWER8 ATM


Consistancy
Patience
Discipline
Focus


e-Book 1 is for Beginners - Intermediates

e-Book 2 is for Experienced

e-Book 3 is for Advanced




*Risk Disclaimer
All trading involves risk. Leveraged trading has large potential rewards, but also large potential risk. Be aware and accept this risk before trading. Never trade with money you cannot afford to lose. Any forecasting based on past performance and past performance of any trading methodology is no guarantee of future results. No "safe" trading system has ever been devised and no one can guarantee profits or freedom from loss. No representation is being made that any account will achieve profits or losses similar to those discussed. There is no guarantee that, even with the best advice available, you will become a successful trader because not everyone has what it takes to be a successful trader. The trading strategies discussed may be unsuitable for you depending upon your specific investment objectives and financial position. You must make your own investment decisions in light of your own investment objectives, risk profile, and circumstances. Use independent advisors as you believe necessary. Therefore, the information provided herein is not intended to be specific advice as to whether you should engage in a particular trading strategy or buy, sell, or hold any financial product. Margin requirements, tax considerations, commissions, and other transaction costs may significantly affect the economic consequences of the trading strategies or transactions discussed and you should review such requirements with your own legal, tax and financial advisors. Before engaging in such trading activities, you should understand the nature and extent of your rights and obligations and be aware of the risks involved. I am not a broker or licensed investment advisor and therefore is not licensed to tailor general investment advice for individual traders. Your actions and the results of your actions in regard to anything you receive from the ATM Trading Systems are entirely your own responsibility. I cannot and will not assume liability for any losses that may be incurred by the use of any information received from the ATM Trading Systems. Any such liability is hereby expressly disclaimed.
  • #2
  • Dec 15, 2008 1:54am Dec 15, 2008 1:54am
Sweet! Just want to be the first one to say thanks tk.

JMC
  • #3
  • Dec 15, 2008 2:18am Dec 15, 2008 2:18am
nice job, i'll read and digest it and load and look it over later, time to trade now. good luck with this thread
  • #4
  • Dec 15, 2008 2:43am Dec 15, 2008 2:43am
Thanks TK, looks like my cup of tea. Will digest properly later today .

Thanks mate
  • #5
  • Dec 15, 2008 2:56am Dec 15, 2008 2:56am
Quoting tkpower8
I will start this all off with hopes of keeping at bay any negative comments or BS of any kind. I am here to try and help anyone that my method works for and I want nothing in return. I feel no need to prove anything to anyone. It may or may not work for your personality. Only you can decide that part, it is fast, and the trades are sometimes scalps but sometimes lengthy. Whatever the market gives you in that department. I Use the M2 for what I am about to outline.

[font=Calibri][size=3]I am not a long time...
Love this strategy - real "seat of the pants" stuff! Already trading it with success. Thank you for such a well written and detailed description. Your work is much appreciated.
  • #6
  • Dec 15, 2008 3:04am Dec 15, 2008 3:04am
WOOOW tkpower8 ..great thread ..following
  • #7
  • Dec 15, 2008 3:09am Dec 15, 2008 3:09am
M2 charts...

Hi there - I wasn't sure how to get the M2 charts that you are using from Metatrader, I was told there was a script, I noticed you have attached scripts with your template but not sure which one or how to use it ???

I have been loading the template but it only comes up in 1M.

Sorry if this has been covered already, I've never come across this before.

Great post tkpower8 - well done.

All the best to everyone,

VB,
  • #8
  • Dec 15, 2008 3:16am Dec 15, 2008 3:16am
Quoting VitaminBeer
M2 charts...

Hi there - I wasn't sure how to get the M2 charts that you are using from Metatrader, I was told there was a script, I noticed you have attached scripts with your template but not sure which one or how to use it ???

I have been loading the template but it only comes up in 1M.

Sorry if this has been covered already, I've never come across this before.

Great post tkpower8 - well done.

All the best to everyone,

VB,
Your right, I did no mention how to do this. I will add it to the 1st post but for now; Load the M1 template onto the M1 chart of the pair you have chosen. Then go to file>open offline and choose the M2 that you will see for your pair. The chart will open and you load the M2 template onto it.
  • #9
  • Dec 15, 2008 3:19am Dec 15, 2008 3:19am
Thank You TK for starting this thread. I backtested your system (posted earlier) on vhands for two days this weekend.
  • #10
  • Dec 15, 2008 3:23am Dec 15, 2008 3:23am
Quoting tkpower8
Your right, I did no mention how to do this. I will add it to the 1st post but for now; Load the M1 template onto the M1 chart of the pair you have chosen. Then go to file>open offline and choose the M2 that you will see for your pair. The chart will open and you load the M2 template onto it.
Alrighty,

I've done the following, I have the template on the M2 chart... and it's an offline chart?- If I'm not mistaken shouldn't the market be moving on it? Sorry if this is such a newb question, I have never come across using anything outside of the standard time frames, nor do I have any experience using scripts.

Am I doing something wrong???

Tah,
  • #11
  • Dec 15, 2008 3:31am Dec 15, 2008 3:31am
Quoting tkpower8
I will start this all off with hopes of keeping at bay any negative comments or BS of any kind. I am here to try and help anyone that my method works for and I want nothing in return. I feel no need to prove anything to anyone. It may or may not work for your personality. Only you can decide that part, it is fast, and the trades are sometimes scalps but sometimes lengthy. Whatever the market gives you in that department. I Use the M2 for what I am about to outline.

[font=Calibri][size=3]I am not a long time...


i`ll test it tonyte...hoping it will bring fortune rather than missery....anyway..will update after testing it!..
  • #12
  • Dec 15, 2008 3:32am Dec 15, 2008 3:32am
I stayed away from g/u because it was choppy. Here is the e/j

Attached Image (click to enlarge)
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  • #13
  • Dec 15, 2008 3:38am Dec 15, 2008 3:38am
Quoting VitaminBeer
Alrighty,

I've done the following, I have the template on the M2 chart... and it's an offline chart?- If I'm not mistaken shouldn't the market be moving on it? Sorry if this is such a newb question, I have never come across using anything outside of the standard time frames, nor do I have any experience using scripts.

Am I doing something wrong???

Tah,
Here is all the info you need on the period converter indicator (its on the m1 template you have loaded on your m1 chart) - http://codebase.mql4.com/277
  • #14
  • Dec 15, 2008 3:46am Dec 15, 2008 3:46am
Thank TK for your willingness to share and help those that are looking for guidance.
  • #15
  • Dec 15, 2008 3:50am Dec 15, 2008 3:50am
This is it for examples from me. I will just try and update the very post now based on the questions I see and anything else I can think of.

Attached Image (click to enlarge)
Click to Enlarge Name: gu-m2-10.gif Size: 29 KB


A great monday morning on the e/j and g/u
  • #16
  • Dec 15, 2008 4:01am Dec 15, 2008 4:01am
One little question TK if you are free..
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  • #17
  • Dec 15, 2008 4:23am Dec 15, 2008 4:23am
Quoting dan55
One little question TK if you are free..

Thats right Dan, this would NOT have been an entry if that breakout line was not broken recently. Due to the fact that the breakouts work 80% of the time with no indicators at all, I then use the candle eating candle setup as a small SL way of entering the breakout. It does not always work but losses are kept small and it works out in the long run.

We had a nice 70 pip trade at 00gmt (02 fxpro time) right after that gray zone if you want to take a look. Its an M2 21 SMA style setup that then turned into a breakout. I was not awake for it but its another nice example to check out.
  • #18
  • Dec 15, 2008 4:32am Dec 15, 2008 4:32am
OK, this can be the last one. Here is a riskier example that I did not take because I am done for the day and I don't like to over trade.

Attached Image (click to enlarge)
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  • #19
  • Dec 15, 2008 4:35am Dec 15, 2008 4:35am
Thanks TK, I've had excellent results with your 1 min template. I'm looking forward to using this one. I think your point about only taking the first two trades is very important. I found this to be relevant in the one minute template too.

Thanks again for sharing,

Dan
.
  • #20
  • Dec 15, 2008 4:43am Dec 15, 2008 4:43am
Quoting redpine
Thanks TK, I've had excellent results with your 1 min template. I'm looking forward to using this one. I think your point about only taking the first two trades is very important. I found this to be relevant in the one minute template too.

Thanks again for sharing,

Dan
A great point Dan, I would like to say that one more time. The first 2 trades ona move are the best. If anyone has read up on the elliott wave theory then they will understand why.

Although the elliott wave does not seem to apply all the time, I do notice that it does apply to a rally in whichever direction.

Wave 1 and 2 sets up our trade, wave 3 we are signalled in with a setup, and wave 5 is the 2nd trade. Anything after that is a guess. Read up on the elliott wave if you do not understand what I just said and then you will.

Once again, this is not always the case, nothing is always the case. We just want the odds stacked heavy in our favor.
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