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Tkpower8 ATM

  • #281
  • Dec 17, 2008 4:41am Dec 17, 2008 4:41am
Quoting fratelli
Hi.
First thanks for shearing this with us.

I have a Q for you.

In post nr. 1 you say that bull eat bearish and vs.
You also say that it have to be whole candle incl. wicks and so.
Its what called bearish engulfing or bullish engulfing.
But on the chart you put up look at post 15.,
I see your entry is 2/3 below bull candle. But as I see it the bearish candle does not cover the wicks.??

What is it that I have miessed about this.
Sorry for asking , but I am Danish so sometimes I dont understand all I read.

If you have time could you pls. bring...
Post 15 was a very nice trade, I do not know how to word it all other than the way I have. The closed blue candle on that trade was then eaten up by the very next candle which is where you enter. If anyone else understands what this question is exactly please do try and explain.
  • #282
  • Dec 17, 2008 4:43am Dec 17, 2008 4:43am
Quoting alright
Are these both valid entries? The 1st one after a some congestion and a doji would make me doubt a bit. Can you please confirm, tkpower8?
Anyway let me say thank you for sharing. This looks like a simple great system.
Lovely trade, I was not back in time for that one unfortunately. I would have waited for that one to break the pivot by a few pips though, just to be sure

You can double click and remove any green horizontal lines you find btw
  • #283
  • Dec 17, 2008 4:56am Dec 17, 2008 4:56am
Quote
In post nr. 1 you say that bull eat bearish and vs.
You also say that it have to be whole candle incl. wicks and so.
Its what called bearish engulfing or bullish engulfing.
But on the chart you put up look at post 15.,
I see your entry is 2/3 below bull candle. But as I see it the bearish candle does not cover the wicks.??

Bullish and Bearish Engulfing candles are not what TK is referring to in his setups. If the setup is for a long trade, the blue candle can open below the low of the preceeding red candle, or it can open in the middle of the preceeding red candle, or it can open near the top of the preceeding red candle, this aspect makes no difference. What is important here is that the blue candle must surpass the high of the preceeding red candle by 2 pips in order for it to be considered a bull eating bear pattern.

It is merely a coincidence if the bull eats bear happens to also be a bullish engulfing pattern. It has no bearing on this setup unless it moves higher than the preceeding red by 2 pips. I hope this helps.

Deepsouth
  • #284
  • Dec 17, 2008 5:14am Dec 17, 2008 5:14am
Hello everbody
I am new in this thread
I tried to setup the templates on my chart but I dont have the cci and stoch indicators on the chart also the 21sma is green in color not like ur charts that change color from red to blue.
Any advice please
thanks
  • #285
  • Dec 17, 2008 5:16am Dec 17, 2008 5:16am
thanks for your kindly explanation.
Now I understand the concept bull eats bearish and vs.

peter
  • #286
  • Dec 17, 2008 5:32am Dec 17, 2008 5:32am
Just wanted to thank TK for sharing this great method and to all the others on this thread who help to make things easier. Thanks!
  • #287
  • Edited 5:44am Dec 17, 2008 5:33am | Edited 5:44am
Deepsouth, can I paraphrase you and say that it doesn't matter where the opposing candle starts as long as it continues past the end, including the wick, by 2 pips.
If that is right then at last I understand.

My pics don't show on these posts so maybe this will illustrate it:

.....--RRRRRRRRRR-----........ Red with a 5 pip wick first candle
..........BBBBBBBBBBBBBBB--..... Blue with a 2 pip wick second candle - trigger. Dots are for spaceing
  • #288
  • Dec 17, 2008 5:34am Dec 17, 2008 5:34am
Thanks jth, those scripts are perfect! TK should exchange his originals buy/sell for those!

FYI, they include the spread, so add some pips to make up for it.
" Average traders look to the left, great traders look to the right."
  • #289
  • Dec 17, 2008 5:40am Dec 17, 2008 5:40am
Quoting debitel
Uff, thank you very much, I forgot to change the time zone.
Hi deb, Am little confuse about the breakout indy. I use Alpari as well. Are they GMT +0 or 1. Pls post a chart to compare. Am at work.Thanks. Nerry.
  • #290
  • Edited 6:48am Dec 17, 2008 5:52am | Edited 6:48am
I want to share something with you that some will agree with and some will not but it’s a belief I have and I push it on no one. I'm not trying to get all deep here btw, just sharing some thoughts.

I believe in karma basically, I believe that the way you treat others will dictate the types of people that are drawn into your life and consequently the way you get treated right back. I believe that the energy you give out is the energy that will be given back to you, and so on and so forth.

Don't get me wrong I'm no saint that sits here helping others, stays healthy and is some kind of perfect human being. I do like helping others and staying in shape, but I like to party and have good time too. That said, this whole experience with this thread got me to thinking the other day and I came up with "Project Robin Hood". Hilarious I know.

The way I see it is that with proper rules, patience, focus and discipline we are all taking money from the wealthy bankers and getting it in to our less wealthy pockets. I hope I am helping some of you become profitable or simply adding to the trading toolbox of already profitable traders. Either way I am putting together a website to house all the info that we have here aswell as videos etc to make it even easier to grasp.

My idea is that I will have a donation area on the site; anyone that has become a successful trader through something they have learnt from me will have the OPTION to donate some cash to Project Robin Hood. All the money that comes in will be donated to charities and/or people of my choosing (we can also vote on that too) that could put to good use a nice cash surprise. The money will be awarded to said charity/person from all at Project Robin Hood and I will request that they write a thank-you email/letter for me to put on the site where everyone who donated can read it. We can have a list of the projects members/donators on the site or whoever wants can remain anonymous, whichever.

None of this is anywhere near ready nor have I started it, nobody will be required to donate either, it will be at free will only. Like I have said a couple of times; I will not be charging anything for anything ever when it comes to trading methods. I simply feel that if anyone walks away from what they learn here and starts turning over $1000/day, they might want to pass on, cash that can be afforded, to others that could really use it.

I'm not sure if this is a stupid idea or not, I know that many will not donate a penny but I kind of feel that many will too. I have, and am, definitely enjoying helping others here and have enjoyed thoroughly sorting out my family financially these past few months.

If you think this idea is retarded feel free to let me know

TK

* I just emailed the FF team to make sure this post is OK and not considered some kind of soliciting or something. I will remove it if they have a problem with it. Its just some thoughts.
  • #291
  • Dec 17, 2008 5:53am Dec 17, 2008 5:53am
Quoting magicchance
Thanks jth, those scripts are perfect! TK should exchange his originals buy/sell for those!

FYI, they include the spread, so add some pips to make up for it.
Checking the scripts out now, thanks for the feedback on them
  • #292
  • Dec 17, 2008 6:05am Dec 17, 2008 6:05am
[quote=tkpower8;2425126] I simply feel that if anyone walks away from what they learn here and starts turning over $1000/day, they might want to pass on, cash that can be afforded, to others that could really use it.

If I could do that I would be more than happy to donate.
  • #293
  • Dec 17, 2008 6:06am Dec 17, 2008 6:06am
This is probably one of the best posts I have read on FF in all my years here. I am trying your system out and am finding it quite profitable...you need to get a good entry but that is true for all systems. Kudos to you Tkpower for creating it and then putting a charitable aspect to it also...I will definitely be donating when the time is right. Looking forward to the website, videos and anything else you donate for the group. Thank YOU!

[color=black]
Quote
I believe in karma basically, I believe that the way you treat others will dictate the types of people that are drawn into your life and consequently the way you get treated right back. I believe that the energy you give out is the energy that will be given back to you, and so on and so forth.

Don't get me wrong I'm no saint that sits here helping others, stays healthy and is some kind of perfect human being. I do like helping others and staying in shape, but I like to party and have good time too. That said,...

[/quote]
  • #294
  • Dec 17, 2008 6:07am Dec 17, 2008 6:07am
TK...the idea is a good one and you could become affiliated with some registered charities and have it administered in a way that tax receipts can be issued by the charties. Thought I might put a positive comment re this before the skeptics chime in.
Cheers
CanuckCT

Quoting tkpower8
I want to share something with you that some will agree with and some will not but it’s a belief I have and I push it on no one. I'm not trying to get all deep here btw, just sharing some thoughts.

I believe in karma basically, I believe that the way you treat others will dictate the types of people that are drawn into your life and consequently the way you get treated right back. I believe that the energy you give out is the energy that will be given back to you, and so on and so forth.

[color=black]Don't...
  • #295
  • Dec 17, 2008 6:11am Dec 17, 2008 6:11am
Good idea on the donations to charities. I do some volunteering and know how unexpected events can impact people through no fault of their own.
  • #296
  • Dec 17, 2008 6:26am Dec 17, 2008 6:26am
Great idea about donations
  • #297
  • Dec 17, 2008 6:32am Dec 17, 2008 6:32am
count me in TKpower, I would be glad to make a donation to your charity fund.
  • #298
  • Dec 17, 2008 6:39am Dec 17, 2008 6:39am
Very nice idea TK
  • #299
  • Dec 17, 2008 6:43am Dec 17, 2008 6:43am
Quoting CanuckCT
I might put a positive comment re this before the skeptics chime in.
Cheers
CanuckCT
LOL, yeah I'm definately expecting those.
  • #300
  • Dec 17, 2008 6:51am Dec 17, 2008 6:51am
On a trading note:

I bought e/j at 124.77 and was just knocked out playing it safe at 125.12
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