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Tkpower8 ATM

  • #41
  • Dec 15, 2008 9:12am Dec 15, 2008 9:12am
Quoting tkpower8
The e/j just stopped me out with close to 30pips profit

Attachment

I'm still in my g/u, will post that when I'm done
A picture is worth an 1000 words
Thanks
Barry
  • #42
  • Dec 15, 2008 9:18am Dec 15, 2008 9:18am
Quoting dan55
One little question TK if you are free..
TK
ant-GUBreakout_V.0.4 by andee

I understand the inner light grey rectangle but I don't see the significace of the darker grey outer zone and its purple lines.
What part do they play in your method?

Is the 'breakout' referred to by dan55 the purple line(s)

(My grey zone is not in that position, dan's seems 2 hours early?)

rorieu

What a day! Method posted this am and 5 wins and 200 pips gained.
You've made it look so easy - I hope it will be. (tomorrow for me)
  • #43
  • Edited 10:00am Dec 15, 2008 9:28am | Edited 10:00am
Quoting rorieu
TK
ant-GUBreakout_V.0.4 by andee

I understand the inner light grey rectangle but I don't see the significace of the darker grey outer zone and its purple lines.
What part do they play in your method?

Is the 'breakout' referred to by dan55 the purple line(s)

(My grey zone is not in that position, dan's seems 2 hours early?)

rorieu

What a day! Method posted this am and 5 wins and 200 pips gained.
You've made it look so easy - I hope it will be. (tomorrow for me)
The light gray area is the high and low created by that 2 hour period, the darker gray area and purple lines offset this by 10pips either side and are lines to be broken for the breakout. The purple lines are also great daily s/r lines.

If your gray zones are in the wrong place then you will have to right click your chart, choose indicators list, and 1 by 1 edit the 4 instances of the breakout indicator.

The 4 zones should be set as follows:
06:00-07:59GMT
12:00-13:59GMT
17:00-18:59GMT
22:00-23:59GMT

Also if your broker is on a 4 decimal point system, you will have to change the offset from 100 to 10. For me 100 is 10pips because my broker uses a 5 decimal point system
  • #44
  • Dec 15, 2008 9:49am Dec 15, 2008 9:49am
Just managed 65 pips G/U and 50 pips E/J.

What I like about this system is that you are not hanging around for ages waiting for "THE Signal" while you watch helplessly as the market makes a big move without you on board! It lets you get on at any of the bus stops along the way.

Thanks tkpower8
  • #45
  • Dec 15, 2008 9:56am Dec 15, 2008 9:56am
Quoting AlanJ
Just managed 65 pips G/U and 50 pips E/J.

What I like about this system is that you are not hanging around for ages waiting for "THE Signal" while you watch helplessly as the market makes a big move without you on board! It lets you get on at any of the bus stops along the way.

Thanks tkpower8
Exactly Alan. The best bus stops are the first 2 but if the trend is strong enough you get plenty more. Closer to the 21SMA the better no matter which bus stop you pick.

Also once you get comfortable and if your stop is not hit, you can add to your position at each bus stop, building it as you go, untill it finally turns. I don't suggest getting into that untill you have mastered profiting from the 1st 2 entries though.
  • #46
  • Dec 15, 2008 9:58am Dec 15, 2008 9:58am
Quoting tkpower8

The 4 zones should be set as follows:
10:00-00:00GMT
06:00-07:59GMT
12:00-13:59GMT
17:00-18:59GMT
Should the first Zone be ...

22:00 - 23:59GMT ? ( not 10:00-00:00GMT ) otherwise in encompasses 2 other zones.
  • #47
  • Dec 15, 2008 10:00am Dec 15, 2008 10:00am
Quoting tkpower8
Please see the 1st post for indicators, rules, templates and scripts
Very well done tk . You did a great job , well explained with everything needed to trade your setup . Your time and effort is appreciated , after all you did not have to do this . If I could make a suggestion do not reply to the endless questions that are certain to come from people too lazy to read & re-read your first posts . After a day or two you will have answered everything , likely more than once . Just don`t want to see you get burnt out as so often happens after a great start . It would be great if this thread could be kept clean and precise just like your setup . We can hope !
  • #48
  • Dec 15, 2008 10:02am Dec 15, 2008 10:02am
Quoting scottyboy
Should the first Zone be ...

22:00 - 23:59GMT ? ( not 10:00-00:00GMT ) otherwise in encompasses 2 other zones.
Ooops, thanks scotty, I tarded out there, 22:00 - 23:59GMT is correct. I have updated it on page 3 but will be adding all this stuff to the 1st post anyway once the week is over.
  • #49
  • Dec 15, 2008 10:04am Dec 15, 2008 10:04am
Quoting steel777
Very well done tk . You did a great job , well explained with everything needed to trade your setup . Your time and effort is appreciated , after all you did not have to do this . If I could make a suggestion do not reply to the endless questions that are certain to come from people too lazy to read & re-read your first posts . After a day or two you will have answered everything , likely more than once . Just don`t want to see you get burnt out as so often happens after a great start . It would be great if this thread could be kept clean and precise...
I agree with you steel. From now on any question asked that has been answered in the 1st post will be ignored.

I will update the 1st post this weekend to include anything that was asked but is not covered in the 1st post.
  • #50
  • Dec 15, 2008 10:10am Dec 15, 2008 10:10am
Tkpower8,
why do you use a 2 minutes chart?
Is it to avoid stop hunting or something similar?
  • #51
  • Dec 15, 2008 10:15am Dec 15, 2008 10:15am
I love the simplicity of your methodology TK......you are the man.
  • #52
  • Dec 15, 2008 10:20am Dec 15, 2008 10:20am
Hi there,

i m new to trading can you please tell me what 21SMA stands for.. i m using intrabank platform.. and how to apply this .. thanks
  • #53
  • Dec 15, 2008 10:28am Dec 15, 2008 10:28am
Quoting adeel316
Hi there,

i m new to trading can you please tell me what 21SMA stands for.. i m using intrabank platform.. and how to apply this .. thanks
Please read post #1 again:
Especially the sentence after the graph. "I will now assume that you know the basics and have ripped through the school at babypips.com or something similar."
  • #54
  • Dec 15, 2008 10:36am Dec 15, 2008 10:36am
I'm short here...
Attached Image (click to enlarge)
Click to Enlarge Name: gu from dan55 entry.gif Size: 31 KB
  • #55
  • Dec 15, 2008 10:41am Dec 15, 2008 10:41am
Quoting tkpower8
I agree with you steel. From now on any question asked that has been answered in the 1st post will be ignored.

I will update the 1st post this weekend to include anything that was asked but is not covered in the 1st post.
And also please ignore all of the naysayers /flamers that will eventually try to shoot your lights. There are individuals here that are truly open and interested. Like you said in your first post you have nothing to prove. If anyone ask to see statements and such, please ignore and keep doing a great job.

Now let's continue
  • #56
  • Edited 11:05am Dec 15, 2008 10:54am | Edited 11:05am
@ Dan55,
Looks like the trade worked out. I don't think that was a completely valid signal. The 21sma was not red, but black. Good pips nevertheless.
Attached Image (click to enlarge)
Click to Enlarge Name: t81.gif Size: 93 KB
  • #57
  • Dec 15, 2008 10:58am Dec 15, 2008 10:58am
My target on GU short is 1.5235.
  • #58
  • Dec 15, 2008 11:03am Dec 15, 2008 11:03am
Quoting adeel316
Hi there,

i m new to trading can you please tell me what 21SMA stands for.. i m using intrabank platform.. and how to apply this .. thanks
21sma equals 21 period simple moving average

Regards
Max
  • #59
  • Dec 15, 2008 11:04am Dec 15, 2008 11:04am
well, i get the 2 minute chart up ok, but it doesn't move. its stuck at one price. looks like i will have to try the 1 min chart.
  • #60
  • Dec 15, 2008 11:06am Dec 15, 2008 11:06am
Quoting sed34
well, i get the 2 minute chart up ok, but it doesn't move. its stuck at one price. looks like i will have to try the 1 min chart.
This can happen if you close the 1 minute chart that you used to create the 2 minute. Leave the 1 minute open after you create/open the 2 minute.

Let me know if this works. It fixed my problem.
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