Hi Rorieu,
Thanks
Thanks
The ATM Machine 9 replies
My ATM Machine 6 replies
Like an ATM! Think again... 4 replies
DislikedHere is chart that I posted in another thread. I'm reposting it here because I think it's relevant for helping to assess good trades. And M2 timeframe is too small to draw any trendlines.
We had a nice uptrend for the first part of the week....a reversal and finished right back where we started the week. What does this mean for next week....we'll see how it handles the low around 1.4812.
Throughout the week you could draw trendlines to represent what price might do to create a new trend, extend an existing trend...or range, while it decides...Ignored
DislikedI do this each session often going out to a weekly , daily , 4hr , drawing in
long term s/r lines where price has been , the more often price bounces or stops at a level the stronger it is . If that level corresponds with a fib or pivot # , stronger still . These levels work on every t/f . You are right about the 5 % , I try to be one of them .
BTW - in post # 187 you mentioned you put Tk`s tpl on some higher t/f . Not sure if you meant you traded on those t/f . Wondering how that worked if you did .Ignored
QuoteDislikedHI DS
Have a quick read of the first few posts in
http://www.forexfactory.com/showthre...03682&page=108
as an intro to Breakouts.
I didn't know what they were. After loading TK's ones I initially thought trading was supposed to be inside the grey box and only realised after studying the first few post on TK's thread that trading started after the two hour zones.
Do what TK said and look at them (the purple horizontal extended lines) over the last few days,...
DislikedQuote:
Originally Posted by deepsouth http://www.forexfactory.com/images/buttons/viewpost.gif
TK,
If this is being explained in your ebook, then please ignore this question.
[i]With the exception of the NY open and NY afternoon session, I see that the gray areas are set to end at two minutes prior to the session open, which means we are now clear to trade. However for the New York open the area is set to one hour after the open...Ignored
DislikedYep, sure is. Where are you??
PS love your name, lost on most people I would think!
rorieuIgnored
DislikedHi
After I tested this method for a while I have found 1 thing that almost alwayes give profit.
I call it my favorit setup.
This pic. belov show a short trade.
My rules.
If price come from above my 50sma (purple) goes below 50 sma, then do a restest and price go close to 50 sma. Then we see a Bearish eat bullish, and the wawe anylyze show high---Low---Lower High
Every time this setup occur I pull the trigger.
For the last many dayes I see this setup come, so basicilly I just wait until it happens, then I easyli reach my 30 pip...Ignored
DislikedHi
After I tested this method for a while I have found 1 thing that almost alwayes give profit.
I call it my favorit setup.
This pic. belov show a short trade.
My rules.
If price come from above my 50sma (purple) goes below 50 sma, then do a restest and price go close to 50 sma. Then we see a Bearish eat bullish, and the wawe anylyze show high---Low---Lower High
Every time this setup occur I pull the trigger.
For the last many dayes I see this setup come, so basicilly I just wait until it happens, then I easyli reach my 30 pip for the...Ignored
DislikedI think you are missing the point of this thread...it's a price action trading strategy...you look at price and decide what to do....not CCI or QQE or Stealth or FXPrime Filter or crossover arrows or HA candles. It's just not TK's method and should not be discussede on the thread. If it works...great....but let's try hard not to litter this thread with variations of TK's method.
Cheers
CanuckCTIgnored
DislikedHi
Thanks for your comment.
I say pardon that I put in a picture with a lot of stuff not related to this strategy.
I removed most of it and put in a new picture.
I ask for pardon
fratelliIgnored
DislikedDon't want to get into an argument about this but Fratelli wasn't suggesting any of his indicators, I don't believe.
I thought that his point was the price action with candle eating and what has been brought into the thread by TK, recently wave analysis.
Just my take.Ignored
QuoteDislikedNor do I....just wanting to see less indicators on this thread because it si a price action strategy and so easy to get off track..one person posts, then someone else says I do it a bit differently, and so on. I suggest we glean what we can from the pure system....and if you want to dangle other things on your chart...go for it...but keep the discussion and posting about the system pure.
Cheers
CanuckCT
DislikedJust go thumb through the FX-50 thread....and you will get a good idea of what can happen. I am for keeping this one focused on TK's system, and the natural progression of removing the few indicators we have, not adding them. We need to learn to use our eyes as filters not another indicator....Just my 2 pesos worth.Ignored
DislikedNor do I....just wanting to see less indicators on this thread because it si a price action strategy and so easy to get off track..one person posts, then someone else says I do it a bit differently, and so on. I suggest we glean what we can from the pure system....and if you want to dangle other things on your chart...go for it...but keep the discussion and posting about the system pure.
Cheers
CanuckCTIgnored