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Tkpower8 ATM

  • #441
  • Dec 18, 2008 7:51am Dec 18, 2008 7:51am
Quote
Hey Deepsouth,
could you upload your indicator with times and calendar it s look very usefully...

It is the same one TK posted in the post 1 zip...
  • #442
  • Dec 18, 2008 8:09am Dec 18, 2008 8:09am
Well, my session is over in 4 minutes, bagged my pips. Off to go see a movie. Enjoy the rest of the session everyone
  • #443
  • Dec 18, 2008 8:16am Dec 18, 2008 8:16am
Patience certainly pays....
Attached Image (click to enlarge)
Click to Enlarge Name: gu short 12-18-08.gif Size: 41 KB
  • #444
  • Dec 18, 2008 8:18am Dec 18, 2008 8:18am
Quoting tkpower8
Well, my session is over in 4 minutes, bagged my pips. Off to go see a movie. Enjoy the rest of the session everyone
amazing ; )

2 trades for today for 150 pips - and i found this strategy yesterday - i put my screen for the last trade -
- do I understand it well ?
- do my charts with this purple line for breakut is in right place ?

http://images6.fotosik.pl/353/bef2445596463fd4.jpg
I'm using Google Translator.
  • #445
  • Dec 18, 2008 8:21am Dec 18, 2008 8:21am
Quoting deepsouth
Patience certainly pays....
Very nice DeepSouth...thanks for the chart.
  • #446
  • Dec 18, 2008 8:47am Dec 18, 2008 8:47am
another 35 pips for me. I am done for the day. All I need is 25 pips to double my account every Month.
This is the best system ever , thanks TK!
  • #447
  • Dec 18, 2008 9:05am Dec 18, 2008 9:05am
Quoting deepsouth
Patience certainly pays....
Hey Deep, that bear candle is only bigger than the BODY of the previous bull candle. I thought that "eating the candle" meant bigger than body AND wicks.

Can someone someone set me straight on this?

Thanks!!!
TEX
  • #448
  • Dec 18, 2008 9:06am Dec 18, 2008 9:06am
@Gaj looks good to me
  • #449
  • Dec 18, 2008 9:12am Dec 18, 2008 9:12am
Quoting Dazzer
Thanks for the feedback.

How do I close only 50% of an open position? Do I need to open 2 trades and just close one of them before bringing the SL to BE?

Thanks again

Dazzer
Click the pair in in your order terminal and choose close trade. In the area for inputting lot size just put half of your orginal order and hit close. IN oanda just buy or sell half of your order. In Ibfx do it the way that I intially laid out otherwise it would hedge,
  • #450
  • Dec 18, 2008 9:15am Dec 18, 2008 9:15am
Quoting ubp
@Gaj looks good to me

The HL and HH are really LL and LH. They are lower than the preceding Lows and the preceding Highs.

Also, the "eating candle" is only bigger in the body which brings me back to my previous post about "confusion."

I thought that to be an "eating candle", the candle had to be larger in body and wick than the preceding candle's body and wick. ie, not just larger than the BODY of the preceding (the candle that is eaten) candle.
  • #451
  • Dec 18, 2008 9:17am Dec 18, 2008 9:17am
Quoting trueblueTEX
Hey Deep, that bear candle is only bigger than the BODY of the previous bull candle. I thought that "eating the candle" meant bigger than body AND wicks.
TEX
If it's a Bear eating a Bull then the Bear must go 2 pips beyond the lowest part of the lower wick of the Bull -- it does not matter if the Bulls top wick is higher than the Bears top wick.

The same in reverse for Bull eating Bear...
  • #452
  • Dec 18, 2008 9:19am Dec 18, 2008 9:19am
I have had some success with this method which is good. I was thinking its about time to do a series of posts that deal only with what we have learned so far trading this method. Example: I have been watching the dojis and am noticing that the open of the bar after the doji will determine market direction. If the open is above the close of the doji then the market will go up and if its below it will go down. If it opens where the doji closed then the market seems to move in the direction of the break of the high low the high low by 2 pips. This makes for a very tight stop loss which would be 2 pips on the other side of the entry - Of course good money management is always in order -

One area I would like to get some assistance on is how to make a second entry. Using a break of the high low of the past 2 hours etc... as I method that works.

Right now I am just passing the time wondering if I really want to take another trade or shut down for the day.

Ok - when in doubt stay out. Words of wisdom learned a couple of years ago.
I make money anywhere in the world by taking orders
  • #453
  • Dec 18, 2008 9:24am Dec 18, 2008 9:24am
There does seem to be some confusion on this....but this is how I understand it as well...the eating of the top wick in a sell or the bottom wick in a buy is not necessary.
Cheers
CanuckCT

Quoting scottyboy
If it's a Bear eating a Bull then the Bear must go 2 pips beyond the lowest part of the lower wick of the Bull -- it does not matter if the Bulls top wick is higher than the Bears top wick.

The same in reverse for Bull eating Bear...
  • #454
  • Dec 18, 2008 9:26am Dec 18, 2008 9:26am
Quoting scottyboy
If it's a Bear eating a Bull then the Bear must go 2 pips beyond the lowest part of the lower wick of the Bull -- it does not matter if the Bulls top wick is higher than the Bears top wick.

The same in reverse for Bull eating Bear...

I am seeing that it does make a difference if the engulfing candle eats the entire candle including the wick. Maybe the exception would be a long wick of 30 pips or so. The reason it makes a difference in my mind is that the market would have made an attempt to go one way and then reversed to go the other. Seems to be better trades when that happens.
I make money anywhere in the world by taking orders
  • #455
  • Edited 9:39am Dec 18, 2008 9:29am | Edited 9:39am
Quote
Hey Deep, that bear candle is only bigger than the BODY of the previous bull candle. I thought that "eating the candle" meant bigger than body AND wicks.

Can someone someone set me straight on this?

Hey Tex,
I'm no expert but the following is from my previous post on this issue. TK did not correct me so I assume it was a correct analysis.

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.

The opposite of the above statement would apply for shorts as well. In the GU short, the red candle only has to eat all of the gains of the prior candle, it is not necessary for it to engulf the prior candle. It has eaten the gains of the prior 2 minutes when it passes 2 pips below the low of the blue candle. Remember, wicks and real bodies do not come into play seperately, consider only the entire candle.

Wicks and other candle patterns is another discussion.
I hope this isn't too confusing an explanation....
Attached Image (click to enlarge)
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  • #456
  • Dec 18, 2008 9:32am Dec 18, 2008 9:32am
Theses are my current long trades.
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  • #457
  • Dec 18, 2008 9:32am Dec 18, 2008 9:32am
Quoting SedonaPipper
I am seeing that it does make a difference if the engulfing candle eats the entire candle including the wick.
It may make a difference as it is a stronger pullback BUT it's not the rule that TK uses. Look at the very first post with TK's rules and the very first example chart that he uses ( bull eating bear ) -- it clearly demonstrates that it is not a classic "engulfing" candle because the lower wick of the bear candle is not engulfed by the Bull candle.
  • #458
  • Dec 18, 2008 9:34am Dec 18, 2008 9:34am
Quote
Example: I have been watching the dojis and am noticing that the open of the bar after the doji will determine market direction. If the open is above the close of the doji then the market will go up and if its below it will go down. If it opens where the doji closed then the market seems to move in the direction of the break of the high low the high low by 2 pips. This makes for a very tight stop loss which would be 2 pips on the other side of the entry - Of course good money management is always in order -

I too would like to move on to this discussion, and I tend to agree with your analysis of price action in relation to the preceeding dojis. I have simply stayed out, but it appears many good trades are being passed because I'm not clear on how I will take them just yet....

Deepsouth
  • #459
  • Dec 18, 2008 9:35am Dec 18, 2008 9:35am
I bailed with negative on on g/u but very positive on e/j.
Attached Image (click to enlarge)
Click to Enlarge Name: t87 12-18.gif Size: 92 KB
  • #460
  • Dec 18, 2008 9:36am Dec 18, 2008 9:36am
Quoting ubp
Click the pair in in your order terminal and choose close trade. In the area for inputting lot size just put half of your orginal order and hit close. IN oanda just buy or sell half of your order. In Ibfx do it the way that I intially laid out otherwise it would hedge,

Thank you upb!!
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