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Tkpower8 ATM

  • #121
  • Dec 16, 2008 1:53am Dec 16, 2008 1:53am
Quoting ubp
Stopped out. Maybe time to look for shorts. Tk, if you could please critique my trade that would be helpful to us all. Thanks
This was a nice little trade, not tons of pips but it was the 2nd trade since the change in color on the SMA and CCI. I would have been out when the red ate the blue to show that sellers were at hand with relative power.

This way of thinking gets me out of many trades too early many times, but it also stops me loosing alot too. A win is a win and as long as youreach your target you don't need to get every single pip available

Off to trade now, back in 1-2 hours
  • #122
  • Dec 16, 2008 2:11am Dec 16, 2008 2:11am
Just picked up +45 on E/J Thanks TK
  • #123
  • Dec 16, 2008 2:58am Dec 16, 2008 2:58am
OK I'm back now and I can hang out a bit and relax.

Just 1 trade for me this morning that I really liked.

G/U - 10:36 sold at 1.5262 - collected 50 pips because I like to. (and I forgot to remove my scripts TP, shhh)

No pivots in the way at all, clear road which is my favorite kind for speeding trades
  • #124
  • Dec 16, 2008 3:05am Dec 16, 2008 3:05am
Thanks guys for your input to this thread and thanks to TK for starting it and sharing with us. Been reading the thread all morning and i'm trying to get a feel of the system. Looking at the chart below would that be a valid entry point where the vertical line is?

Thanks,
Pipsot!
Attached Image (click to enlarge)
Click to Enlarge Name: Chart 5.jpg Size: 185 KB
10 pips a day keeps the blues away!!
  • #125
  • Dec 16, 2008 3:07am Dec 16, 2008 3:07am
is anyone having problems with metatrader, seems like the data is frozen or something
  • #126
  • Dec 16, 2008 3:13am Dec 16, 2008 3:13am
Quoting pipsot
Thanks guys for your input to this thread and thanks to TK for starting it and sharing with us. Been reading the thread all morning and i'm trying to get a feel of the system. Looking at the chart below would that be a valid entry point where the vertical line is?

Thanks,
Pipsot!

5 candles before that was the valid entry point
  • #127
  • Dec 16, 2008 3:29am Dec 16, 2008 3:29am
Quoting tkpower8
5 candles before that was the valid entry point
Ok, thanks for putting me right there. But wouldn't it be the candle after the bear had eaten the bull that one would proceed to take a position? If so that would be 4 candles before and not 5. Just trying to understand better!
Thanks,
Pipsot!
10 pips a day keeps the blues away!!
  • #128
  • Dec 16, 2008 3:30am Dec 16, 2008 3:30am
Quoting mannai70
is anyone having problems with metatrader, seems like the data is frozen or something
You must keep your 1min open or minimized because that is where the 2min gets the data from.
  • #129
  • Edited 3:43am Dec 16, 2008 3:42am | Edited 3:43am
Quoting pipsot
Ok, thanks for putting me right there. But wouldn't it be the candle after the bear had eaten the bull that one would proceed to take a position? If so that would be 4 candles before and not 5. Just trying to understand better! Thanks, Pipsot!
This has helped me a lot: Entry would be 1.5258 (by eye), 2 pips after the lowest of the blue bar. I believe.
  • #130
  • Dec 16, 2008 3:58am Dec 16, 2008 3:58am
My current short. Took half off the table and moved stop in my target is .00
Attached Image (click to enlarge)
Click to Enlarge Name: t82 12-16.gif Size: 43 KB
  • #131
  • Dec 16, 2008 4:01am Dec 16, 2008 4:01am
The x is my exit. After the bear candle was gobbled by the bull, I took the rest of my meal and left,lol
Attached Image (click to enlarge)
Click to Enlarge Name: t83 12-16.gif Size: 41 KB
  • #132
  • Dec 16, 2008 4:01am Dec 16, 2008 4:01am
Quoting ubp
My current short. Took half off the table and moved stop in my target is .00
Sorry I don't see rules met at your entry. Could you explain?
  • #133
  • Dec 16, 2008 4:14am Dec 16, 2008 4:14am
Quoting debitel
Sorry I don't see rules met at your entry. Could you explain?
My entry was actually the bar after that arrow. 1- CCI red 2- bear eat bull candle, 3- stoch is below 60.
  • #134
  • Dec 16, 2008 4:17am Dec 16, 2008 4:17am
does any one here has an idea is this method can be used on 1 minute time frame or 5 minute time frame, somebody has ever tried to do it?
  • #135
  • Dec 16, 2008 4:19am Dec 16, 2008 4:19am
Quoting pipsot
Ok, thanks for putting me right there. But wouldn't it be the candle after the bear had eaten the bull that one would proceed to take a position? If so that would be 4 candles before and not 5. Just trying to understand better!
Thanks,
Pipsot!

5 candles before, you do not wait for a candle to close and enter on the next one, its seat of your pants real time to the second trading
  • #136
  • Dec 16, 2008 4:21am Dec 16, 2008 4:21am
TK, the green arrow, is this a trade you would have skipped and waited for a more solid situation, because of the higher low? Thanks
Attached Image (click to enlarge)
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  • #137
  • Dec 16, 2008 4:21am Dec 16, 2008 4:21am
Quoting ubp
My entry was actually the bar after that arrow. 1- CCI red 2- bear eat bull candle, 3- stoch is below 60.
...and 2 pips after the end of the long blue bar (other side of the arrow)?
  • #138
  • Dec 16, 2008 4:29am Dec 16, 2008 4:29am
Quoting Phreddy
...and 2 pips after the end of the long blue bar (other side of the arrow)?
Actually, I used a market order and must have got an uptick. Hence why my entry is higher than the low. Hey, if the forex gods are gonna give me a little help, i'll take it. Tk do on longs do you wait for the bid to be +2 above a bear candle?
  • #139
  • Dec 16, 2008 4:37am Dec 16, 2008 4:37am
Quoting ubp
My current short. Took half off the table and moved stop in my target is .00
This trade you took was not valid for me but well done if you had your reasons. I do not want others to be confused though so I want to be clear that this was not a "by the rules" trade.

Here is the only trade I really liked this morning

Attached Image (click to enlarge)
Click to Enlarge Name: m2-14.gif Size: 34 KB


The reasoning should be clear.

Please ignore the fatter SMA, that comes later when I see you have all grasped these entries.

For those that feel they know this system well already, add another instance of the colored MA and set it to 200SMA. Observe it for now, it is the only other addition to the chart that I had not wanted to add straight away and confuse matters. Rules for this should be obvious now but I will update post 1 with the 200SMA rules later on
  • #140
  • Edited 4:39am Dec 16, 2008 4:38am | Edited 4:39am
Quoting mannai70
is anyone having problems with metatrader, seems like the data is frozen or something
Yes, totally froze system everytime and slowed computer down to a crawl. Have no idea why and when I logged on having "ctrl+alt+deleted" the last attempt to logon, the platform froze again and again.

I seemed to have remedied it by uninstalling everything but saving all the indicators etc. Re-installed and took off the alert on the CCI indicator.

System up and still running after 45 mins. Hope that helps.
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