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Tkpower8 ATM

  • #601
  • Edited 1:18pm Dec 19, 2008 1:14pm | Edited 1:18pm
Hi Rorieu,
Thanks
  • #602
  • Dec 19, 2008 1:30pm Dec 19, 2008 1:30pm
Quoting CanuckCT
Here 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...
I 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 .
  • #603
  • Dec 19, 2008 2:05pm Dec 19, 2008 2:05pm
I only trade on M1 and M2..the reference to the higher timeframes on that post was for a sense of ranging, trending, chart patterns...a bunch of stuff that works better on higher time frames and helps me decide whether to take a trade and/or whether it might be a runner.

Cheers
CanuckCT

Quoting steel777
I 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 .
  • #604
  • Dec 19, 2008 4:11pm Dec 19, 2008 4:11pm
Quote
HI 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,...

Thanks Rorieu, I'll give it a read.
  • #605
  • Dec 19, 2008 4:27pm Dec 19, 2008 4:27pm
Quoting deepsouth
Quote:
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...
Hi Deep...

Many of the breakout methodologies will wait until 1hr after the NY session starts before you can enter a trade. This strategy avoids trading during the major news announcements at 8:30AM EST because the news tends to cause false breakouts. It's just a way to save you from jumping into a trade only to have it reverse on you and go the other way.
  • #606
  • Dec 19, 2008 5:43pm Dec 19, 2008 5:43pm
Quoting rorieu
I think the arrows are coming in Edition 2 'ED2'

Ok thanks.

PS Windy tonight, isn't it!
  • #607
  • Dec 19, 2008 7:46pm Dec 19, 2008 7:46pm
Quoting 4FXsake
Ok thanks.

PS Windy tonight, isn't it!
Yep, sure is. Where are you??

PS love your name, lost on most people I would think!


rorieu
  • #608
  • Dec 19, 2008 8:05pm Dec 19, 2008 8:05pm
Quoting rorieu
Yep, sure is. Where are you??

PS love your name, lost on most people I would think!


rorieu
I got his name, immediately ;-)
  • #609
  • Dec 19, 2008 8:07pm Dec 19, 2008 8:07pm
Quoting trueblueTEX
I got his name, immediately ;-)
I just checked, both you guys are Brits. I know that expression is a "Britishism"; a very good one, I might add.
  • #610
  • Dec 20, 2008 3:49am Dec 20, 2008 3:49am
Hello tkpower8 i did not post anything in this thread but i follow it from the the first post at first i taught what is this ........... but after reading all the good info you post i saw great accuracy method + small stop loss + real making money method but .... i do not write for this i really want to ask when the indicator that shows good trades with arrows will be ready for release .... thanks a lot . btw i`m still trying to understand this method how i should with all details it need ........
  • #611
  • Edited 6:21am Dec 20, 2008 4:33am | Edited 6:21am
Hi

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 day.

Hope somebody understand what I mean.

regards

Fratelli
Attached Image (click to enlarge)
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  • #612
  • Dec 20, 2008 6:00am Dec 20, 2008 6:00am
Quoting fratelli
Hi

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...
Ma certo Fratelli, but that is a lot of indicators and colours. From what you say, you don't use them.
Nice trade though.
  • #613
  • Dec 20, 2008 6:07am Dec 20, 2008 6:07am
I 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
CanuckCT

Quoting fratelli
Hi

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...
  • #614
  • Edited 6:23am Dec 20, 2008 6:11am | Edited 6:23am
Hi
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

fratelli
  • #615
  • Dec 20, 2008 6:46am Dec 20, 2008 6:46am
Quoting CanuckCT
I 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
CanuckCT
Don'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.
  • #616
  • Dec 20, 2008 7:34am Dec 20, 2008 7:34am
Quoting fratelli
Hi
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

fratelli
No apology necessary Fratelli, at least to me. I thank you for your contribution which I find valuable.
  • #617
  • Dec 20, 2008 8:21am Dec 20, 2008 8:21am
Nor 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

Quoting Phreddy
Don'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.
  • #618
  • Dec 20, 2008 5:25pm Dec 20, 2008 5:25pm
Quote
Nor 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


Just 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.
  • #619
  • Dec 20, 2008 6:17pm Dec 20, 2008 6:17pm
Quoting deepsouth
Just 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.
I've quit even looking at the FX-50 thread after I started reading Tkpower8's posts about starting THIS thread. This is the only thread I care about anymore. I think that this one is the best "method" I've found. I think this is the start of a beautiful friendship.
  • #620
  • Dec 20, 2008 6:55pm Dec 20, 2008 6:55pm
Quoting CanuckCT
Nor 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
I'm with you CanuckCT
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