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Tkpower8 ATM

  • #301
  • Dec 17, 2008 8:54am Dec 17, 2008 8:54am
Hey guys, check this gif on the euro/usd and let me know if I am correct in assessing that the red arrow marks the first proper TK signal to go long on this chart.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: correct tk entry.jpg Size: 120 KB
  • #302
  • Dec 17, 2008 8:57am Dec 17, 2008 8:57am
Quoting trueblueTEX
Hey guys, check this gif on the euro/usd and let me know if I am correct in assessing that the red arrow marks the first proper TK signal to go long on this chart.

Thanks
2 candles after your red arrow was the correct entry
  • #303
  • Dec 17, 2008 9:00am Dec 17, 2008 9:00am
Quoting tkpower8
2 candles after your red arrow was the correct entry
Oh, because the one I marked is the higher low BEFORE the bull eats bear --- correct?
  • #304
  • Dec 17, 2008 9:03am Dec 17, 2008 9:03am
Quoting trueblueTEX
Oh, because the one I marked is the higher low BEFORE the bull eats bear --- correct?
the 1 you marked does not eat the candle before it, 2 candles later though the blue one eats the red candle that is right before it
  • #305
  • Dec 17, 2008 9:05am Dec 17, 2008 9:05am
I bought g/u at 1.5416. I have locked in my SL at +20 giving me just over my session target of 50, I have applied a trailing 25 and will let it do what it wants

Job done in 1hr 5 mins
  • #306
  • Dec 17, 2008 9:07am Dec 17, 2008 9:07am
Quoting tkpower8
the 1 you marked does not eat the candle before it, 2 candles later though the blue one eats the red candle that is right before it
So, "eating the candle" is not being bigger in body but EXCEEDING the eaten candle by at least 2 pips in the DIRECTION of the trade?

(ie, at least 2 pips higher for long, at least 2 pips lower for short).
  • #307
  • Dec 17, 2008 9:07am Dec 17, 2008 9:07am
TK,

Not a skeptic, just a realist. I don't see a problem in the least with wanting to give back, pay ahead, or what ever you prefer to call it.

But in order to keep everything above board, and to settle most disputes before they have a chance to gain momentum in the first place, I would consider it a wise move to, say, find 12 worthy and well known & respected charities **that need the help** (some are already flush from their own well organized publicity), and give each of them their own month. So, what ever monies you might collect in January would go to "X", and so on.

Then we can choose which month to send in our own monies based on the 12-month chart. 12 different and VARIED charities would give us a wide range of possibilities to pick from.

For checks & balances it would be wise to post twice-monthly account statements, and one by the 5th for the payout of the month previous (e.g., by Feb. 5th showing January's payout.)

Having concrete measures such as these in place BEFORE you take in the first donation will help to ease most concerns & hesitations. Transparency is the key.
" Average traders look to the left, great traders look to the right."
  • #308
  • Dec 17, 2008 9:13am Dec 17, 2008 9:13am
I think it's a great idea - it will allow people to show their appreciation for your help in a way that no one can call into question. Maybe you should call it the "Earl J Hickey" fund
  • #309
  • Dec 17, 2008 9:22am Dec 17, 2008 9:22am
Quote
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

Exactly!
  • #310
  • Dec 17, 2008 9:23am Dec 17, 2008 9:23am
Quoting magicchance
TK,

Not a skeptic, just a realist. I don't see a problem in the least with wanting to give back, pay ahead, or what ever you prefer to call it.

But in order to keep everything above board, and to settle most disputes before they have a chance to gain momentum in the first place, I would consider it a wise move to, say, find 12 worthy and well known & respected charities **that need the help** (some are already flush from their own well organized publicity), and give each of them their own month. So, what ever monies you might collect in January...
All good ideas, many thanks
  • #311
  • Dec 17, 2008 9:26am Dec 17, 2008 9:26am
i'm about ready to vote. it will be break even. the wins aren't consistent. at least for me

a win here, a loss there, etc.
  • #312
  • Dec 17, 2008 9:28am Dec 17, 2008 9:28am
OK, so I personally like having to click OK after my hotkeys. Its just something I have gotten used to and like.

The only problem with these scripts is that they cannot deal with requotes.

Is there any programmer wiz out there that can add a 'deviation' variable to these scripts where we can set the amount of pips we allow for a requote?

Attached File(s)
File Type: mq4 Sell with SL and TP-BIG.mq4   2 KB | 382 downloads

Attached File(s)
File Type: mq4 Buy with SL and TP-BIG.mq4   2 KB | 348 downloads
  • #313
  • Dec 17, 2008 9:34am Dec 17, 2008 9:34am
yes...this is key for it to work.

Quoting magicchance

Transparency is the key.
  • #314
  • Dec 17, 2008 9:35am Dec 17, 2008 9:35am
Quoting sed34
i'm about ready to vote. it will be break even. the wins aren't consistent. at least for me

a win here, a loss there, etc.
If you follow the rules properly and take into account higher highs with higher lows, and lower highs with lower lows, or alternatively double tops and bottoms, and be mindful of the pivots. I think you will find this very consistant. I had my 1st loss in 2 weeks and 3 days just this morning. I do not take lots of trades each day though, I am very picky and it has to be just right.

Like I said, it all depends on your trading style. Some will get it and some won't, many prefer the 4 hour timeframe for example. If this is not for you then perhaps try one of those.
  • #315
  • Dec 17, 2008 10:02am Dec 17, 2008 10:02am
Quick Question. When 1 candle eats the other, are we looking to eat the body of the previous candle +2pips or the wick by 2pips?
  • #316
  • Edited 10:09am Dec 17, 2008 10:07am | Edited 10:09am
Quoting tkpower8
I bought g/u at 1.5416. I have locked in my SL at +20 giving me just over my session target of 50, I have applied a trailing 25 and will let it do what it wants

Job done in 1hr 5 mins
Hi Tk,

I got in what I assume must have been the same trade at 1.5418 (14.49) and got stopped out on a 25 SL, did you adjust you're own SL because of the length of the preceding candle?

Never mind, 42 pips from what I took to be first legitimate trade at 1.5355, (14.08), - be interested to know why didn't you take it?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusduptrend.gif Size: 13 KB
  • #317
  • Edited 10:16am Dec 17, 2008 10:12am | Edited 10:16am
Big Bear - See Deepsouth above
  • #318
  • Dec 17, 2008 10:14am Dec 17, 2008 10:14am
Quoting tkpower8
If you follow the rules properly and take into account higher highs with higher lows, and lower highs with lower lows, or alternatively double tops and bottoms, and be mindful of the pivots. I think you will find this very consistant. I had my 1st loss in 2 weeks and 3 days just this morning. I do not take lots of trades each day though, I am very picky and it has to be just right.

Like I said, it all depends on your trading style. Some will get it and some won't, many prefer the 4 hour timeframe for example. If this is not for you then perhaps...
i didn't follow my main rule. never go against the longer trend. I'm working on modifications to the strategy. depending on the main trend that is the only trades you should take. I will see if it makes a difference in the trades.
  • #319
  • Dec 17, 2008 10:15am Dec 17, 2008 10:15am
Quoting scottsloon
Hi Tk,

I got in what I assume must have been the same trade at 1.5418 (14.49) and got stopped out on a 25 SL, did you adjust you're own SL because of the length of the preceding candle?

Never mind, 42 pips from what I took to be first legitimate trade at 1.5355, (14.08), - be interested to know why didn't you take it?
I was focused on e/j for my 1st trade and then I took my 2nd trade on g/u. I ended up stopped out via my 25pip trailing on the g/u, and missed half the move, but I am well over target for the session so its all good.
  • #320
  • Dec 17, 2008 10:15am Dec 17, 2008 10:15am
Quoting bigbear777
Quick Question. When 1 candle eats the other, are we looking to eat the body of the previous candle +2pips or the wick by 2pips?
Can TK answer this please?
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