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Tkpower8 ATM

  • #341
  • Dec 17, 2008 12:20pm Dec 17, 2008 12:20pm
Quoting email
Hi Tk and gang,

I have this chart here, could you please tell me if this is would be a proper entry (arrows).
Now before everyone comes down on me like a freight train I have read the thread through, just brain dead this week. I am going to post some things that may seem stupid but at the cost of really understanding this method compleatly I will risk it.
Many thanks to all,
email
Hi email,

This was not a valid set up because the candle eats candle rule was not present. Be careful of the train thats coming your way..

Edit.
Apologies, I hadn't seen your arrows. I would say that this was a valid trade although the price was a little too far away from the sma. I would not have taken this for that reason.

Dazzer
  • #342
  • Dec 17, 2008 12:34pm Dec 17, 2008 12:34pm
Hello Dazzer,

Thank you for looking at the chart, even if that was wrong entry because of the bar not eating enough; was the set up correct at least.
By the way, I`m at the airport and that is where I am going to stay until I get it, so no trains around here, lol.

Cheers,
emal

ok, now I got the part about the sma too far.
  • #343
  • Dec 17, 2008 12:40pm Dec 17, 2008 12:40pm
Quoting Dazzer
Hi email,
Be careful of the train thats coming your way..
It's the light at the end of the tunnel.
  • #344
  • Dec 17, 2008 12:44pm Dec 17, 2008 12:44pm
I'm at work right now and will post charts/details later, but here's my first day of live trades using 0.1 lots. I traded the euro/london session.

So far I'm

e/j +15 valid trade
g/u +6 valid trade
g/u +3 valid trade
e/j -10 valid trade
e/j -19 (this was an invalid signal and I should not have taken it)

I manually write my notes on charts so I'll have to scan and post them tonight once I get home.
  • #345
  • Dec 17, 2008 1:24pm Dec 17, 2008 1:24pm
Quoting Dazzer
TK,

I just have 1 question. Why do you trade the GBP/USD and EUR/JPY? You mention that it is because they are obviously 4 different currencies and this I can understand, but why not just trade the EUR/USD as its usually 2 pips cheaper for a round trip? This would save 33% in costs..

Just curious for further clarity before I go live with this.

Many thanks with your help thus far.

Dazzer
Well I used to trade e/j g/j e/u and g/u but it prooved too much and flipping around between charts actually makes you miss trades so I decided that it should be 1 pair per monitor.

The g/j is a spikey devil and although it can get you massive pips it can also spike you out for no reason. The e/j doesn't quite move as much but is usually way smoother. The e/u and g/u are both good but the g/u moves more.

After that it boils down to picking 2 pairs (1 for each monitor) so I went with my favorite, the e/j, and then the g/u so that they were 4 completely different currencies. What I had also noticed is that when the e/j is not behaving, the g/u is and vice versa, so there is always something to trade.

The e/u may save you pips in spread but it does not make you as much either, it works out that the e/j makes more per trade than the e/u dispite the extra spread.
  • #346
  • Dec 17, 2008 1:27pm Dec 17, 2008 1:27pm
Quoting email
Hello Dazzer,

Thank you for looking at the chart, even if that was wrong entry because of the bar not eating enough; was the set up correct at least.
By the way, I`m at the airport and that is where I am going to stay until I get it, so no trains around here, lol.

Cheers,
emal

ok, now I got the part about the sma too far.
Yep, It looks like it ate the candle plus 2 more pips. So apart from the wayward sma, its the correct set-up.

Dazzer
  • #347
  • Dec 17, 2008 1:35pm Dec 17, 2008 1:35pm
Quoting tkpower8
Well I used to trade e/j g/j e/u and g/u but it prooved too much and flipping around between charts actually makes you miss trades so I decided that it should be 1 pair per monitor.

The g/j is a spikey devil and although it can get you massive pips it can also spike you out for no reason. The e/j doesn't quite move as much but is usually way smoother. The e/u and g/u are both good but the g/u moves more.

After that it boils down to picking 2 pairs (1 for each monitor) so I went with my favorite, the e/j, and then the g/u so that they were 4...
Many thanks again for detailed reply.

Dazzer
  • #348
  • Dec 17, 2008 1:36pm Dec 17, 2008 1:36pm
I have beed trading those 2 pairs as well....I have also noticed that sometimes one misbehaves and the other is fine. I also noticed that when they both move together...the move is much bigger and that is when you will likely catch a good trade on GBPJPY. So for those who can't stay away from GBPJPY...that is one way to perhaps filter which trade to take on the beast!
Cheers
CanuckCT

Quoting tkpower8
Well I used to trade e/j g/j e/u and g/u but it prooved too much and flipping around between charts actually makes you miss trades so I decided that it should be 1 pair per monitor.

The g/j is a spikey devil and although it can get you massive pips it can also spike you out for no reason. The e/j doesn't quite move as much but is usually way smoother. The e/u and g/u are both good but the g/u moves more.

After that it boils down to picking 2 pairs (1 for each monitor) so I went with my favorite, the e/j, and then the g/u so that they were 4...
  • #349
  • Dec 17, 2008 1:41pm Dec 17, 2008 1:41pm
Quoting Razzo
Hi TK,

For the scripts, you can change this in the code (slippage, hard coded to 2):

OrderSend(Symbol(),Mode, Lots, Entry, 2,SLB , TPB, ......
^
Thanks again for sharing your system. Took a while to get comfortable with it but today I grabbed 104 pips on EU

I also think the donation concept is a great idea.

Thanks again
Nice, you're a star. I was hoping it was in there somewhere. Thanks
  • #350
  • Dec 17, 2008 2:27pm Dec 17, 2008 2:27pm
I realise its stilll early days but just to let you know, V2 template is ready when you are. The difference here is that instead of adding indicators we remove all the bottom indicators and apply new rules for actually trading the pivot lines no matter the SMA is doing.

I want everyone to fully understand the 21SMA trading before we move on though, this way V2 will be very easy to digest. So help each other out and feel free to post 1 day of your trades like I did at the start of this thread. That way I will be able to see when the larger % of you are ready for more and we can move on.

I'm working hard at getting the website prepared too so that everything can be written down and formatted nicely there, after that I can add videos and then some live trade videos and so on and so forth.

I feel like I am coming accross as a teacher or someone that thinks he knows more than you, so if I am I appologise. I am sure there are plenty of people here that have been trading longer than I and have plenty to tell me that I do not know. I am just enjoying sharing what I do know and hopefuly, in the long run, making many of you financially free, or if you already are, at least adding to your tools.
  • #351
  • Dec 17, 2008 2:54pm Dec 17, 2008 2:54pm
Quoting tkpower8
...I feel like I am coming accross as a teacher or someone that thinks he knows more than you, so if I am I appologise. ....
You're doing fine, TK. Perfectly fine!
  • #352
  • Dec 17, 2008 2:56pm Dec 17, 2008 2:56pm
Thank you for you generosity. This system indeed may help my situation since I am unemployed. I made 12% yesterday and 8% today. Not bad for a demo trader like my self. All my bad trades were because of rule violations!
I will practise for 2 months before I jump in with the sharks.
  • #353
  • Dec 17, 2008 3:09pm Dec 17, 2008 3:09pm
Quoting tkpower8
I realise its stilll early days but just to let you know, V2 template is ready when you are.
Sounds like your going to tell us whether we are ready or not

I think the way you are putting the info across is excellent. It doesn't look like anyone is trying to rubbish what you are doing so I would go for it - there are always going to be thread newcomers who are trying to catch up.
  • #354
  • Dec 17, 2008 3:12pm Dec 17, 2008 3:12pm
very intersting thread
StopLoss is for none belivers... Trust the Gurus..
  • #355
  • Dec 17, 2008 3:17pm Dec 17, 2008 3:17pm
Quoting tkpower8
I realise its stilll early days but just to let you know, V2 template is ready when you are. The difference here is that instead of adding indicators we remove all the bottom indicators and apply new rules for actually trading the pivot lines no matter the SMA is doing.

I want everyone to fully understand the 21SMA trading before we move on though, this way V2 will be very easy to digest. So help each other out and feel free to post 1 day of your trades like I did at the start of this thread. That way I will be able to see when the larger % of...
TK
I'm ready for V2 when you are
  • #356
  • Dec 17, 2008 3:26pm Dec 17, 2008 3:26pm
My name is susan william.....Am new at forex and i saw ur forum at forexfactory....And i will glad if u can teach me step by step method i can use to start trading....Here is my Email Address: [email protected]
  • #357
  • Dec 17, 2008 3:26pm Dec 17, 2008 3:26pm
Nice...a little community of price action traders...I like it!
Maybe we'll meet for lunch some day.
Cheers
CanuckCT

Quoting tkpower8
I realise its stilll early days but just to let you know, V2 template is ready when you are. The difference here is that instead of adding indicators we remove all the bottom indicators and apply new rules for actually trading the pivot lines no matter the SMA is doing.

I want everyone to fully understand the 21SMA trading before we move on though, this way V2 will be very easy to digest. So help each other out and feel free to post 1 day of your trades like I did at the start of this thread. That way I will be able to see when the larger % of...
  • #358
  • Dec 17, 2008 3:27pm Dec 17, 2008 3:27pm
Hi Susan...you might start by reading this thread from the beginning.
Cheers
CanuckCT

Quoting susanltd3
My name is susan william.....Am new at forex and i saw ur forum at forexfactory....And i will glad if u can teach me step by step method i can use to start trading....Here is my Email Address: [email protected]
  • #359
  • Dec 17, 2008 3:29pm Dec 17, 2008 3:29pm
PipSot,

Did you ever resolve this problem you were having with the breakout indicator? If so, please explain. I too am having the same problem. My broker is IBFX. My operating system is Vista (maybe this is the reason).

If not, attached is a link where you can download the i-ParamonWorkTime indicator which allows entry of 2 time zones. However, you will have to draw your own Hi/Low breakout lines. I find this is better than no indicator at all. It allows you to easily see the Hi/Low of the previous 2 hours before you trade.

http://www.forexfactory.com/showthre...14258&page=258

Post # 3863
  • #360
  • Dec 17, 2008 3:31pm Dec 17, 2008 3:31pm
Hi again Susan...I see that you have 3 posts looking for the same thing...someone to hold your hand. If you are really that new...spend a few months reading on the forum....open a demo account and start making a few demo trades. At least then you will begin to get a feel for what kind of trader you would like to be. What you are asking here...not sure there will be any takers.
Cheers
CanuckCT

Quoting susanltd3
My name is susan william.....Am new at forex and i saw ur forum at forexfactory....And i will glad if u can teach me step by step method i can use to start trading....Here is my Email Address: [email protected]
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