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Tkpower8 ATM

  • #501
  • Dec 18, 2008 3:10pm Dec 18, 2008 3:10pm
Quoting Gajowy
my chart looks little diffrent - I dont wont to take every signal but want to ask about this e/j. Red candle doesn't eat blue candle it opens lower than blue was closed. What we can do than ? Enter on the first red candle or wait for the breakout @ the purple line ?

http://images6.fotosik.pl/354/45b90615e1191e33.gif
Price ate all those gains which is what matters most, you may have had a glitch in your data feed but focus on price.
  • #502
  • Dec 18, 2008 3:12pm Dec 18, 2008 3:12pm
Is that also for the dll imports for the indicators in the 1minute chart.
  • #503
  • Dec 18, 2008 3:14pm Dec 18, 2008 3:14pm
Almost finished the post 1 revamp, it looks way better. Should be finished for Saturday to post.
  • #504
  • Dec 18, 2008 3:17pm Dec 18, 2008 3:17pm
I'm not sure how you could possibly improve on this TK, but looking forward to the updates none the less :0)

Deepsouth
  • #505
  • Dec 18, 2008 3:26pm Dec 18, 2008 3:26pm
Quoting deepsouth
I'm not sure how you could possibly improve on this TK, but looking forward to the updates none the less :0)

Deepsouth
Just made Post 1 look nicer deepsouth, and included alot of the questions that have been recurring. The 2nd edition that comes maybe the following weekend is essentially the same as the 1st without the indicators at the bottom. Nobody needs them once they get the hang of price.

The core of this system will not change, you are right, it can't be improved
  • #506
  • Dec 18, 2008 3:43pm Dec 18, 2008 3:43pm
Quoting tkpower8
Almost finished the post 1 revamp, it looks way better. Should be finished for Saturday to post.

Yea!!!!
  • #507
  • Dec 18, 2008 6:17pm Dec 18, 2008 6:17pm
Quoting xecret
TK's template is for GMT+2 broker like FxPro. Brokers with time zone later than GMT+2 (GMT+1, GMT+0, GMT-1, ...) will all have problem for the breakout zone of 22:00-23:59 GMT. The attached is for GMT0 broker like IBFX. I modified the end time of the purple line to the beginning of the next breakout zone as I think it is not needed any more since new breakout zone has come.
Thanks for the IBFX template
Barry
  • #508
  • Dec 18, 2008 6:53pm Dec 18, 2008 6:53pm
Took EJ for 10 pips after Asian session open. I took the long after the bull ate doji...? I know that isn't in the rules, but it looked good at the time. I had a third HL formed by a hammer right at the 21sma so I took the trade. I got a little concerned as PA got choppy with an immediate lower high then a higher low, meaning a triangle appeared to be forming. First chance I got I closed with plus 10.
Attached Image (click to enlarge)
Click to Enlarge Name: ej long 12-18-08 asian.gif Size: 41 KB
  • #509
  • Dec 18, 2008 8:04pm Dec 18, 2008 8:04pm
I LIKE the bottom indicators. Can I keep them? Please!? Just kidding. Looking at some potential trades go by here that I could have made some money on. As I've tried many other systems before, it takes me awhile to be convinced on another one. From what I'm seeing, I'm getting there. Thanks for bringing this on board.
Quoting tkpower8
Just made Post 1 look nicer deepsouth, and included alot of the questions that have been recurring. The 2nd edition that comes maybe the following weekend is essentially the same as the 1st without the indicators at the bottom. Nobody needs them once they get the hang of price.

The core of this system will not change, you are right, it can't be improved
  • #510
  • Dec 18, 2008 8:12pm Dec 18, 2008 8:12pm
Here's a GBP long for +24 pips after the Asian session open. Looks like I got out a bit too soon. I must admit I'm having a bit of difficulty moving to such short time frames, my entries have been late and then I've pulled the plug on a few winners way too soon. The other issue I've had is price moves so fast that I don't always get to set my SL and a few times price has gone against me that fast that I've lost more pips than I should have.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp long t4.gif Size: 25 KB
  • #511
  • Dec 18, 2008 8:37pm Dec 18, 2008 8:37pm
I'm with you on that, Ozziedave. Easy to look at a chart and see how many pips you could have made. Really have to be quick on the draw with this. Maybe set buy or sell stop orders 2 pips above/below the previous candle when there's a possible setup? Maybe I have to learn more about how that script thing works.
Quoting ozziedave
Here's a GBP long for +24 pips after the Asian session open. Looks like I got out a bit too soon. I must admit I'm having a bit of difficulty moving to such short time frames, my entries have been late and then I've pulled the plug on a few winners way too soon. The other issue I've had is price moves so fast that I don't always get to set my SL and a few times price has gone against me that fast that I've lost more pips than I should have.
  • #512
  • Dec 18, 2008 9:17pm Dec 18, 2008 9:17pm
Once I see a likely setup in the making I open my order screen, set my stop and just leave it open until the trade materializes. When the trade happens all I have to do is press the buy or sell button. I usually have a minute or more to do this and so far it seems to work ok. This is just one of those things that makes MT4 clunky...
  • #513
  • Dec 18, 2008 10:20pm Dec 18, 2008 10:20pm
Quoting deepsouth
... I got I closed with plus 10.
Plus 10 is good, Deep, thanks for sharing your trade!!
  • #514
  • Dec 18, 2008 10:27pm Dec 18, 2008 10:27pm
Here is a trade I just made. Setup was near the MA....I believe TK did not state it must be above or below...just near. I got it at 127.40. I then set my stop at 127.24. So I need an exit strategy, especially this time of night. So I add a TEB63 fib, except that I use the 161.8 level (it's the fib tool in Metatrader...modified with 161.8 and every 100 for levels instead of the stardard fib levels...you'll have to search for more details on that). So now I have 2 exit targets.....the 161.8 or T1. Closed for 20 pips.
Cheers
CanuckCT
Attached Image
  • #515
  • Dec 18, 2008 11:28pm Dec 18, 2008 11:28pm
Similar setup, price near the MA....then broke out. Could have played this a number of ways....TK M2 setup, breakout of range, 1-2-3 setup. Lets of support for a buy. I jumped in and immediately added my fib to get a sense of what my exit would be. First stop was T1. Moved stop to BE pretty quickly. Out just above T2 for 40 pips.

Cheers
CanuckCT
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  • #516
  • Dec 18, 2008 11:35pm Dec 18, 2008 11:35pm
Didn't hit stop...but didn't like price action.
Cheers
CanuckCT
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  • #517
  • Dec 18, 2008 11:47pm Dec 18, 2008 11:47pm
Quoting CanuckCT
Here is a trade I just made. Setup was near the MA....I believe TK did not state it must be above or below...just near. I got it at 127.40. I then set my stop at 127.24. So I need an exit strategy, especially this time of night. So I add a TEB63 fib, except that I use the 161.8 level (it's the fib tool in Metatrader...modified with 161.8 and every 100 for levels instead of the stardard fib levels...you'll have to search for more details on that). So now I have 2 exit targets.....the 161.8 or T1. Closed for 20 pips.
Cheers
CanuckCT
Good Trade CT...

I believe your correct Tk never said anything about trading short under the 21 or trading long from above it.

Also just a note about the GBPUSD. We had a 600 pip downside move yesterday so more then likely we should get some type of retracement today before there is another down side move. Again...I said "more than likely"...
  • #518
  • Dec 18, 2008 11:54pm Dec 18, 2008 11:54pm
Hello Guys.

I wanted to see what spread you guys are getting on the GU... I am trading live with TK's setup and I have been doing well when I do not mess up the entry. Any way my live spread is running about 12 plus pips and commission.

Is this high right now? It makes BE very expensive.

Thanks
  • #519
  • Dec 19, 2008 12:19am Dec 19, 2008 12:19am
I am using FXDD and the M2 Zip is loaded correctly in indicators/templates,etc. When I go to file/open offline there are no M2 charts listed for any pairs. Can anyone assist please?
  • #520
  • Dec 19, 2008 12:19am Dec 19, 2008 12:19am
Read post #1.

Quoting orientos
I am using FXDD and the M2 Zip is loaded correctly in indicators/templates,etc. When I go to file/open offline there are no M2 charts listed for any pairs. Can anyone assist please?
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