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Tkpower8 ATM

  • #661
  • Dec 22, 2008 12:04pm Dec 22, 2008 12:04pm
TK,
Very nice job on the Ebook. I'm the one that trades mostly mobile, and in the book you say to use a 8 sma if your trading 5 min...... I cannot remember if I read this in your thread or some other thread in FF.... Did you say that another sma could be used to give a similar reading as the 134 cci ?
Thanks again for all you time and effort.
  • #662
  • Dec 22, 2008 12:16pm Dec 22, 2008 12:16pm
Many thanks for the very good ebook! It's great.
Thanks TK!
Trading S/R with PA only. No indicators anymore!
  • #663
  • Dec 22, 2008 12:17pm Dec 22, 2008 12:17pm
Quoting mprincehorn
TK,
Very nice job on the Ebook. I'm the one that trades mostly mobile, and in the book you say to use a 8 sma if your trading 5 min...... I cannot remember if I read this in your thread or some other thread in FF.... Did you say that another sma could be used to give a similar reading as the 134 cci ?
Thanks again for all you time and effort.
The info you need is coming in the next ebook. For your mobile M5 chart, throw on there the 8sma, 21sma, and 200sma. Candle eats candle can occur at/near any of those. When they are tangled up be careful. More info that you will be ineterested in the next book. Tomorrrow or Wednesday
  • #664
  • Dec 22, 2008 12:37pm Dec 22, 2008 12:37pm
Here is a trade I took after the open of the E/J session ended in a 20 pip loss. HH and HL so I went long after the bull eats bear candle and then it lined on me. When do you know to get out of this trade and not hit the stop like I did.

Do you wait for 5-7 ranging candles and then jump out at a BE or small profit bull?

Thanks.
Attached Image (click to enlarge)
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  • #665
  • Dec 22, 2008 12:57pm Dec 22, 2008 12:57pm
Quoting Gajowy
There are no words to define my gratitude for your work and help.
I feel already as a member of The Robin Hood team.

Congratulations for the web page - very nice and transparent.

I compared your session GBP/USD with my chart - Alpari time is GMT +1.
http://images6.fotosik.pl/356/302a492d093f3307.gif
Maybe it’s time to change the broker
Opened only 1 position # 3 - got a little faster signal for entry - cost me 6 minutes slight stress but went great ; )
# 1 - no signal with red candle eats blue
# 2 - was involved in trade...
Gajowy,

I'm with Alpari too, but I'm afraid its all the same with these broker feeds. What will keep you out of good trade will undoubtedly keep you out of a bad one too.
Brokers are there to relieve you of your hard-earned cash and thats it.
Don't be so quick to sign-up with FXPro just because TK uses them. I'm not saying that they are better or worse, just that in the end, it should all work out the same.

Well done on your pips today btw and long live this excellent thread!!

Dazzer
  • #666
  • Dec 22, 2008 1:01pm Dec 22, 2008 1:01pm
Hi.

Blee95 can I ask why you did not tokk the trade at 07.24 according to your chart I see the first setup.??

Maybee I miss something but it would be the first bull eat bearish after trend change.

regards

fratelli
  • #667
  • Dec 22, 2008 1:02pm Dec 22, 2008 1:02pm
Quoting blee95
Here is a trade I took after the open of the E/J session ended in a 20 pip loss. HH and HL so I went long after the bull eats bear candle and then it lined on me. When do you know to get out of this trade and not hit the stop like I did.

Do you wait for 5-7 ranging candles and then jump out at a BE or small profit bull?

Thanks.

Hi Blee,

I would not have taken that as the move had already happened. 17 candles before it would've been a better entry. You have to be really quick with this and if you miss out, just wait for the colours to change again. There will be plenty of opportunities to get in again.

Dazzer
  • #668
  • Dec 22, 2008 1:07pm Dec 22, 2008 1:07pm
Guys, I thought the best course was to wait until the grey channel ends before trading.
  • #669
  • Dec 22, 2008 1:11pm Dec 22, 2008 1:11pm
Hi all,

I did just 1 trade in the NY session today and got stopped out for a 15 pips loss. Couldnt stay longer for other reasons.... Still I look at the trade and find it ok... LH and LL, indis all lined up for a sell (only sidewinder didnt agree),...it still looks like a trade I would have taken again.....
Was it just one of the 15% bad trades that will allways happen, (and Im happy with it), or did I do something wrong?

All oppinions wellcome....

Thanks,

Cheers,
Attached Image (click to enlarge)
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''I am too sexy for my pips, too sexy for my pips, too sexy yeahhh...''
  • #670
  • Dec 22, 2008 1:11pm Dec 22, 2008 1:11pm
Quoting redhouse
Guys, I thought the best course was to wait until the grey channel ends before trading.
Quite right Redhouse. Missed that important detail
  • #671
  • Dec 22, 2008 1:12pm Dec 22, 2008 1:12pm
Quoting blee95
Here is a trade I took after the open of the E/J session ended in a 20 pip loss. HH and HL so I went long after the bull eats bear candle and then it lined on me. When do you know to get out of this trade and not hit the stop like I did.

Do you wait for 5-7 ranging candles and then jump out at a BE or small profit bull?

Thanks.
I always allow myself to trade up to 30 mins before the gray zones end, but it has to be a really nice setup. You can only ever say anything, on average, and that is why I usually trade right after the gray zones. That just happens to be when most of the good trades are.

In this case with the trade that you took I would have been out when the red candle ate the blue one several candles later, a very small loss and nothing to worry about
  • #672
  • Dec 22, 2008 1:15pm Dec 22, 2008 1:15pm
Quoting Dudu 73
Hi all,

I did just 1 trade in the NY session today and got stopped out for a 15 pips loss. Couldnt stay longer for other reasons.... Still I look at the trade and find it ok... LH and LL, indis all lined up for a sell (only sidewinder didnt agree),...it still looks like a trade I would have taken again.....
Was it just one of the 15% bad trades that will allways happen, (and Im happy with it), or did I do something wrong?

All oppinions wellcome....

Thanks,

Cheers,
Everything was fine except you are relying on a wave later in the move. Check out the opportunity 18 candles before your entry candle. The probability for success is much higher as it is at the start of the sell-off.

Dazzer
  • #673
  • Dec 22, 2008 1:15pm Dec 22, 2008 1:15pm
Quoting Dudu 73
Hi all,

I did just 1 trade in the NY session today and got stopped out for a 15 pips loss. Couldnt stay longer for other reasons.... Still I look at the trade and find it ok... LH and LL, indis all lined up for a sell (only sidewinder didnt agree),...it still looks like a trade I would have taken again.....
Was it just one of the 15% bad trades that will allways happen, (and Im happy with it), or did I do something wrong?

All oppinions wellcome....

Thanks,

Cheers,
Stop loss should have been tiny on that one, the simple SL was fine. Then you could have re-entered 8 mins later and been very happy

Plus what Dazzer just said will always be safest, ealier after the change in color the better
  • #674
  • Dec 22, 2008 1:19pm Dec 22, 2008 1:19pm
Quoting Dudu 73
Hi all,

I did just 1 trade in the NY session today and got stopped out for a 15 pips loss. Couldnt stay longer for other reasons.... Still I look at the trade and find it ok... LH and LL, indis all lined up for a sell (only sidewinder didnt agree),...it still looks like a trade I would have taken again.....
Was it just one of the 15% bad trades that will allways happen, (and Im happy with it), or did I do something wrong?

All oppinions wellcome....

Thanks,

Cheers,
Also it looks like the start of wave 3 just after you got stopped out and a bear eating/devouring bull proved to be a great short. You would more than make up for your lost pips here.

Dazzer
  • #675
  • Dec 22, 2008 1:23pm Dec 22, 2008 1:23pm
We have a double top on GU everyone. Resistance looks good.
  • #676
  • Dec 22, 2008 1:25pm Dec 22, 2008 1:25pm
4th Time lucky. Will it break??
  • #677
  • Dec 22, 2008 1:57pm Dec 22, 2008 1:57pm
Blee,
I would have been looking for what happended after the 15th candle after your entry. It was a red spinning top which usually means indecision and we take direction from the next candle or so. The next candle was a strong bear candle where you could have given up on the trade. For sure the next candle that was and upside down hammer (not sure what ese to call it) I would have gotten out as price tried to rise but the bears took it all the way back down. This just looked like the move up was over after this many attempts.'

As far as the earlier entry, that is a hard one to take and in my eyes takes experience as the market was a little flat and bumping against what appears to be the daily open. I am at work and do not have access to my charts so I hope I am correct about that. Like everyone else said, there are plenty of clear strong signal to take using this method...

Good luck.
  • #678
  • Dec 22, 2008 2:29pm Dec 22, 2008 2:29pm
TK and others,

Thanks for the input.

1. Was the trade a good entry? I thought so due to the being out of the grey area, HH and HL, 'clear' direction and finally the bull eats bear candle.

2. The early entry was not an option for me since there is no clear HH, HL or such to indicate direction and I have been burned quite abit lately for taking such trades. Unless some one can show a good way to get in this like a limit order 5-10 pips above the ranging highs to catch the breakout.

3. The exits that both Deep and TK mentioned are clear to me... Thanks.

TK and others, Thanks alot for all the work. I do like this method and I really appreciate your work on this.
  • #679
  • Dec 22, 2008 2:37pm Dec 22, 2008 2:37pm
Quoting tkpower8
The info you need is coming in the next ebook. For your mobile M5 chart, throw on there the 8sma, 21sma, and 200sma. Candle eats candle can occur at/near any of those. When they are tangled up be careful. More info that you will be ineterested in the next book. Tomorrrow or Wednesday
OK, Sounds good....
  • #680
  • Dec 22, 2008 6:51pm Dec 22, 2008 6:51pm
TK

I think the amazing thing is that you have provided all this fully documented and tested information - backed up with a website - FREE.
(And videos to come)

The content and presentation of ATM System is superior to "Trading Systems" I have paid signifcant amounts for in the past which generally never worked for me. I am sure many people here have been through similar experiences.

It is early days but I have already had some successes wth the ATM method, so a big thanks from me and I'm looking forward to the coming additions.

R
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