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Tkpower8 ATM

  • #181
  • Dec 16, 2008 9:40am Dec 16, 2008 9:40am
Quoting scottsloon
Hi,

Just setting up and new to MT4,

How to I get the Stochastic and CCI to sit in the same indicator window?

Thanks

The zip file on post one has everything you need including the indicators and templates.
  • #182
  • Dec 16, 2008 9:47am Dec 16, 2008 9:47am
Quoting wrenski
TK - did you have any successful trades at the 1400 time slot? It seemed to me the markets are very undecided and price action is a bit choppy this morning. What is your take?
Yes not an enjoyable session, I managed 1 profitable buy on each the e/j and g/u though.

There were 4 good e/j buys so far but only 2 I would have taken if I was paying attention. The fact is I have already passed my weekly target so the 2 good trades I had are good enough for me.

There were the 2 trades on the g/u that I posted a minute ago
  • #183
  • Dec 16, 2008 9:50am Dec 16, 2008 9:50am
Quoting ubp
Ok let's see if I can get a gold star as well. This is a trade I just exited.
That one works but that is what I would call a secondary trade only to be taken if you are above your daily target or at least doing well. For it to be a solid trade we would need lower lows and highs setting it up also

At a second glance though, I just checked the spikes from recent swing highs and lows and you are 100% on the money with that trade, Well spotted, I am definately distracted today.
  • #184
  • Dec 16, 2008 9:50am Dec 16, 2008 9:50am
I have determined by reviewing trades which have been posted on the thread this morning that my TripleStoch indicator is not nearly as responsive to price action as shown here. What are the parameters/criteria currently recommended?

A great strategy...still tweaking my setup,
Jon
  • #185
  • Dec 16, 2008 9:54am Dec 16, 2008 9:54am
You really have to pay attention, get involved doing something else and look back and you missed a great signal...
  • #186
  • Dec 16, 2008 9:58am Dec 16, 2008 9:58am
Quoting jth
Hi TK,
Firstly let me say that your system is really great i have been following it from the time you posted it in Canadian dude's thread,
I have used it aswell with pretty good results about 50/50.

I coundn,t understand why my results weren't as good as yours, then this morning i noticed that the sma lines were very shrap in it's performance. I open the indicators dialog box to find that my dll box was not ticked so i ticked it and it changed the whole line.

Thinking that would be that i thought, about a half hour later i decided to check...
I have the same trouble as you have on my moving average traceing. I have to put the template back on the chart and then the moving average are back to where they should be.
I don't know how to fix this. The price bars updateing the way they should.
Barry
  • #187
  • Dec 16, 2008 10:00am Dec 16, 2008 10:00am
TK,
Congrats on the thread...very well presented and a few hundred posts in no time.

I love the price action this displays...gotta be quick on the trigger but with confidence.

I now have M1, M2, M5, M15, H1 and H4 charts finalized.....your M2 is proving to be very beneficial in assessing what is happening and pulling the trigger on my trades. Somehow it is reducing my stress level.

Cheers
CanuckCT
  • #188
  • Dec 16, 2008 10:01am Dec 16, 2008 10:01am
Quoting ubp
Ok let's see if I can get a gold star as well. This is a trade I just exited.
Had I seen this set-up, I would have taken this too.
  • #189
  • Dec 16, 2008 10:04am Dec 16, 2008 10:04am
Quoting tkpower8
That one works but that is what I would call a secondary trade only to be taken if you are above your daily target or at least doing well. For it to be a solid trade we would need lower lows and highs setting it up also

At a second glance though, I just checked the spikes from recent swing highs and lows and you are 100% on the money with that trade, Well spotted, I am definately distracted today.
So would this be a primary set-up then?
Thanks

Daz
  • #190
  • Dec 16, 2008 10:05am Dec 16, 2008 10:05am
Quoting CanuckCT
TK,
Congrats on the thread...very well presented and a few hundred posts in no time.

I love the price action this displays...gotta be quick on the trigger but with confidence.

I now have M1, M2, M5, M15, H1 and H4 charts finalized.....your M2 is proving to be very beneficial in assessing what is happening and pulling the trigger on my trades. Somehow it is reducing my stress level.

Cheers
CanuckCT
Thanks CanuckCT, its funny that you should say that, stress is the 1st thing that dissapeared once I had finalized this method, it gives you confidence because you are trading what is happening and not what some indicator says.

Anyway, if there is anyone not rolling in pips after this last 40mins of trading, then its time to re-read. The latest trades on the g/u and e/j have been perfect
  • #191
  • Dec 16, 2008 10:05am Dec 16, 2008 10:05am
Quoting Dazzer
So would this be a primary set-up then?
Thanks

Daz
Heres the attachment
Attached Image (click to enlarge)
Click to Enlarge Name: m2.gif Size: 45 KB
  • #192
  • Dec 16, 2008 10:08am Dec 16, 2008 10:08am
Quoting Dazzer
So would this be a primary set-up then?
Thanks

Daz

Definately.

Lower low, lower high, red eats blue as the 21 SMA turns. CCI red, stoch passing below 60.

* talking about ubp's trade btw
  • #193
  • Dec 16, 2008 10:11am Dec 16, 2008 10:11am
Quoting Dazzer
Heres the attachment
This one is great too.

Its a little far from he 21SMA but because its a 4 bar pullback of an obviously strong down trend, and its bouncing right off the daily open, it makes it excusable
  • #194
  • Dec 16, 2008 10:11am Dec 16, 2008 10:11am
Quoting tkpower8

Anyway, if there is anyone not rolling in pips after this last 40mins of trading, then its time to re-read. The latest trades on the g/u and e/j have been perfect

You're right....I turned my attention to other things and the best two moves of the NY session have slipped past me.
  • #195
  • Dec 16, 2008 10:14am Dec 16, 2008 10:14am
Quoting tkpower8
Definately.

Lower low, lower high, red eats blue as the 21 SMA turns. CCI red, stoch passing below 60.

* talking about ubp's trade btw
Thanks for the feedback. I've been using this without the stock/cci filter today and I can't see the significance of the bottom indicator. In fact it would have kept me out of a few profitable trades.

I think the system works even without it. Thanks for sharing this TK
  • #196
  • Dec 16, 2008 10:17am Dec 16, 2008 10:17am
Hello Tk and gang,

Very nice method, many thanks for sharing. I love any method of trading that involves price action. Tk, you were hinting that there may be some videos to follow, I would love that. Going to download the indis and get cracking so I can participate.
Regards,
email
  • #197
  • Dec 16, 2008 10:18am Dec 16, 2008 10:18am
Quoting Dazzer
Thanks for the feedback. I've been using this without the stock/cci filter today and I can't see the significance of the bottom indicator. In fact it would have kept me out of a few profitable trades.

I think the system works even without it. Thanks for sharing this TK
The system does work without it, never had any indicators before, I put them there for visuals more than anything

Those that have got the hang of this can remove the indicators at the bottom if they like, I have kept only the triple stoch because I kinda like it
  • #198
  • Dec 16, 2008 10:27am Dec 16, 2008 10:27am
Just gone in here for a long
Attached Image (click to enlarge)
Click to Enlarge Name: m2.gif Size: 45 KB
  • #199
  • Dec 16, 2008 10:35am Dec 16, 2008 10:35am
Thanks for sharing with us.

For better or worse I exchanged the 21 SMA for the 34 Slope Direction Line. Almost identical with color changes, but visually it is much smoother and more appealing to me.

Keep up the great work. I will be sure and give this a try.......

Also...it may mean that iI wait longer for a trade, but it seems it is a safer trade and keeps us out of ranging markets if a long triggers above the line and a short tirggers below the line....just a quick observation though....

Attached File(s)
File Type: mq4 Slope Direction Line.mq4   4 KB | 472 downloads
"Keep your eyes on the helpers" - Mr. Rogers
  • #200
  • Dec 16, 2008 10:42am Dec 16, 2008 10:42am
Quoting damonl
Thanks for sharing with us.

For better or worse I exchanged the 21 SMA for the 34 Slope Direction Line. Almost identical with color changes, but visually it is much smoother and more appealing to me.

Keep up the great work. I will be sure and give this a try.......

Also...it may mean that iI wait longer for a trade, but it seems it is a safer trade and keeps us out of ranging markets if a long triggers above the line and a short tirggers below the line....just a quick observation though....

Attachment
I tried the slope a while back, 55 was the equivalent setting and it worked fine but I am back to the 21SMA, if it works don't change it. That said both work but the 21SMA can be applied to a mobile device and any platform that cannot take custom indicators. It just makes sense to stick with something that is so universal
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