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Tkpower8 ATM

  • #941
  • Jan 3, 2009 12:17pm Jan 3, 2009 12:17pm
So now the trade develops a bit move and I move to fib tool to a new spot....it's a swing high and low from the most recent retrace. No I'm looking at 161.8 on the new fib....if I have left the first fib on the chart...the 161.8 would have been at the same spot as the 261.8 fib so I'm looking to exit. By now I near +50 and I'm not going to give that back.

More on the next post....
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  • #942
  • Jan 3, 2009 12:24pm Jan 3, 2009 12:24pm
Quoting deepsouth

Wow Tex, That is a pretty tough comparison..Or do I have the wrong Iago...

DS
You have the right Iago. Little Lice comes out everyonce in a while to start trashing people using inuendo under the guise of praise (ala Iago) to cause distrust.
  • #943
  • Jan 3, 2009 12:24pm Jan 3, 2009 12:24pm
having closed my first trade....I'm now looking at a buy. After the buy using TK M2 on GU...I attach a fib tool again....on a swing high and low.

This time I have a much wider range for the swing high and low and I'm definitely looking for 161.8 as an exit location. That was a nice trade....when you can exit very nearly at the top of a swing high or low....that is sweet.

The larger pattern is a 1-2-3 type trade on a higher timeframe....a great seup as well and you should start to pick these types of patterns off your M2 charts...they are great places to attach the fib tool. Likely you are already in by the time of the entry on the 1-2-3 setup....but is does give you confidence to stay in the trade once it goes sideways a bit and look for a fib number to exit.

Cheers
CanuckCT
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  • #944
  • Jan 3, 2009 12:28pm Jan 3, 2009 12:28pm
Quote
You have the right Iago. Little Lice comes out everyonce in a while to start trashing people using inuendo under the guise of praise (ala Iago) to cause distrust.

Gotcha...Inference to Lil not TK......Pardon my mis-interpretation

DS
  • #945
  • Jan 3, 2009 12:38pm Jan 3, 2009 12:38pm
here are some posts trueblowmex cant see mine is much different ???

TKPowers8
Thanks for all of the unselfish work you have done here. I hope that this will turn my trading around.
I have trouble staying focus on the charts and the next thing I know a trade has happen and I never got in to the trade.
Thanks Again
Barry

I think you are a genius T. For somebody with no prior knowledge or experience of trading, you have come up with a system that is nothing short of genius. I wish you the very best and am sure that the karma you are creating for yourself by donating your time and knowledge will be richly rewarded. Congratulations on a job well done.

Outstanding contribution you have made. I’ve traded 3 years unsuccessfully. Am doing well on demo. this may be my last method to run thru and move on. I’ve been removing all other systems from my charts and devoting full time to your system.
God Bless you for what you have done.
TK,

Many thanks for this superior system. I have been studying Forex for several years, but have not been successful. I’m looking forward to getting started with your system after the holidays. And I’m looking forward to a prosperous 2009.
People like you are few and far between. You are a special person. And the manner in which you have presented your system has made it very easy to understand.
May your Christmas presents be filled with pips

Hi
thank you for the opportunity to make headway with my fx ambition’s am looking forward to getting up and running with your methods,
must say that I admire the Robbin Hood principle that you advocate .consider me in when I reach a level that will make it possible
cheers and best regards from Oz,
StopLoss is for none belivers... Trust the Gurus..
  • #946
  • Jan 3, 2009 12:41pm Jan 3, 2009 12:41pm
Quoting deepsouth
Gotcha...Inference to Lil not TK......Pardon my mis-interpretation

DS
No problem!! I didn't catch that you thought I was talking of TK.
  • #947
  • Jan 3, 2009 12:41pm Jan 3, 2009 12:41pm
I can see three TK M2 buys on this chart. On the first buy....you might attach the fib tool that is in red. The next entry...you might attach the fib tool that is in black...and on the third entry you might attach the fib tool that is blue.

On the first trade you could exit at 161.8 or your pip target.

If you decided to stay in that trade...you should be paying attention to the retrace to the prior day's open as it retraced to that level. The bounce there created a second TK entry and because it's a wider range...the 161.8 black fib is now a target for exit.

Finally, the third entry and I attach another fib to the most recent swing high and low and now I'm looking at 161.8 at an exit.

If price blows thru these numbers...they often become good places to moce you stop to.

Cheers
CanuckCT
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  • #948
  • Jan 3, 2009 12:42pm Jan 3, 2009 12:42pm
and by the way truebloxtes,,, TK has made an website with a forum ..

so why dont you just discuss it over there...ill bet you wont get any
post you dont like in there...
StopLoss is for none belivers... Trust the Gurus..
  • #949
  • Jan 3, 2009 12:46pm Jan 3, 2009 12:46pm
Quoting lillelise
and by the way truebloxtes,,, TK has made an website with a forum ..

so why dont you just discuss it over there...ill bet you wont get any
post you dont like in there...
Yes, Little Lice, I know he has a super secret website.
/sarc

EVERYBODY KNOWS THAT!

Back to talking tradin'!
  • #950
  • Jan 3, 2009 12:46pm Jan 3, 2009 12:46pm
Guys...if a particular poster bothers you..but them on your ignore list. Then you can't see the posts and it's no problem
Cheers
CanuckCT
  • #951
  • Jan 3, 2009 12:48pm Jan 3, 2009 12:48pm
Hey Canuck!!

Thanks for these enlightening posts. I'm going to have to spend some time looking over those to really learn them.

Just one question: do you take trades DURING the breakout box times? or only after?

Thanks!
  • #952
  • Jan 3, 2009 12:51pm Jan 3, 2009 12:51pm
trueblutex i find it strange that the only 3 threads you get carried away with..it turns out 2 out of 3 is scams...who are you ???

just an unlucky tosser.??
StopLoss is for none belivers... Trust the Gurus..
  • #953
  • Jan 3, 2009 12:55pm Jan 3, 2009 12:55pm
I'm aggressive....so I trade in the box and just after it.

The boxes are arbitrary in the time they are used....although there is good logic to their placement.

Cheers
CanuckCT

Quoting trueblueTEX
Hey Canuck!!

Thanks for these enlightening posts. I'm going to have to spend some time looking over those to really learn them.

Just one question: do you take trades DURING the breakout box times? or only after?

Thanks!
  • #954
  • Jan 3, 2009 12:56pm Jan 3, 2009 12:56pm
Quoting CanuckCT
Guys...if a particular poster bothers you..but them on your ignore list. Then you can't see the posts and it's no problem
Cheers CanuckCT
Thanks Canuck will do that, he goes on 'ignore' and thanks for the fibs instruction too.
  • #955
  • Jan 3, 2009 1:00pm Jan 3, 2009 1:00pm
Quote
Some time ago I was told that the exit strategy is far more important than where you enter. For some time I did not believe this....now I do.


It would be nice if we could get the thread back on topic...CanuckCT posted some interesting ideas using fibs for exits..I would very much like to hear other exit ideas.

TK seems to use straight price action coupled with a session target of 50 pips. Move stop to BE after 15 to 20 pips profit, and always considering S/R. A gimme exit is "bull eats bear" and vice versa if it is opposite the direction of your current position. This makes the most sense to me so far.

Another idea I have been tinkering with is using a close above/below the 8sma. Of course you always leave something on the table as with most mechanical exits. But if you can stick to a plan, abiding by this will also keep you in some nice runs. This approach may have some merit?

The entries are very clear to me....The exits so far are my only fuzzy area. If u look only at 2M candles price action I notice I am taken out too soon a lot of the time...

Thanks for bringing this topic up CT...

DS
  • #956
  • Jan 3, 2009 1:42pm Jan 3, 2009 1:42pm
Quoting magicchance
If TK is one of the smart ones, he's already noticed how quickly a scammer is forgotten once they choose to break the rules here....
I agree with the above.
Come on everyone, we all know that people don't do this type of thing for free, least of all traders. We're in it to get paid and nothing more.

TK has given us a great system for free which seems to work well during
sustained periods of volatility that we have been witnessing recently. But please - he does not have a big heart and he is not some atruistic messiah sent to bless us all with free pips. He will get paid. He said that he has "nothing to prove to anyone", so why is he taking the time to prove to people on this thread and now TSD that his system works?? Is this not a contradiction from the start?

I'm not suggesting hes a scammer, just that some people here wear rose-tinted glasses. I will never donate a penny to this "project robin hood" cos I don't know where its going.

And finally, well done Lil'lise for popping up again. I'm sure if you changed your writing style, people would respond differently.

Just an opinion as always.

Dazzer
  • #957
  • Jan 3, 2009 1:46pm Jan 3, 2009 1:46pm
Quoting tradeguru
Why are we flaming or ignoring Lillilise?

The fact is that she has proven quite accurate in spotting scammers.

Only time will tell What will Happen with TKPower and His system much less this thread in FF.

He has gotten quite slack. Initially he cloaked his website link in the pdf, now he openly posts it in the forum, and says to FF that he put in backlinks. (Like that helps).

He has probably already broken FF's TOS by posting that link to his website.

But please observe his actions, He has been acting like famous banned posters in the past....
Here here.

I was writing mine while you were posting yours.
  • #958
  • Jan 3, 2009 1:57pm Jan 3, 2009 1:57pm
I believe you or some of the people got scammed or ripped some other way, but I was thought to give people benefit of a doubt before accusing them. Deep in my heart I believe people are good, and I keep looking for that in them. Forex has proved my point, since so many people are willing to share their ideas, systems, indicators and methods. So many helping each other...

TK has shown a great system to me, he works his ass off for us, so far for free. Prove me wrong!

I suggest we live it that way until proven guilty. And let's not make this thread anything else than simple trading thread, sharing ideas and trades.


Good luck to you all, fellow traders in 2009. Many pips and a lot of health!
  • #959
  • Jan 3, 2009 1:57pm Jan 3, 2009 1:57pm
And finally, well done Lil'lise for popping up again. I'm sure if you changed your writing style, people would respond differently.

Just an opinion as always.
Dazzer

Dazzer as you maby has guessed already..english is not my main launguach.
so im aware of some can be missunderstood..not much yet i can do about that..lol

Nothing wrong with the system/method i think...i my self use 1m 2m and 5m charts...

there is just a lot of things here..that catch my eyes..if i compare some of the banned threads..
StopLoss is for none belivers... Trust the Gurus..
  • #960
  • Jan 3, 2009 2:07pm Jan 3, 2009 2:07pm
One point of clarification...I posted TK's version of FXPrime on the FX-50 thread because it was obvious to me that it addressed what many were looking for and that was a way to filter out the bad trades. His M1 system is really quite good. He'd probably still be lurking here if I had not done that. The fact that he shared his other trading methods and started his own thread is not unlike what many others have done.

I was one of the folks who aggressively pursued CD...his entire posting and comments smelled bad from the beginning and he could not defend the main criticism to his method. If he was a trader and was trading the method, he could have done that.

Unlike CD...this guy is a real trader as evidenced by the thoughfulness of this approach.

Whether his intentions are other than honourable will remain to be seen. I don't have that view that he is up to something at the moment and am voicing my support for TK.

As for project Robin Hood....if you feel the need to donate to charity, I'm sure you can find something local to do some good.

Cheers
CanuckCT


Quoting tradeguru
Why are we flaming or ignoring Lillilise?

The fact is that she has proven quite accurate in spotting scammers.

Only time will tell What will Happen with TKPower and His system much less this thread in FF.

He has gotten quite slack. Initially he cloaked his website link in the pdf, now he openly posts it in the forum, and says to FF that he put in backlinks. (Like that helps).

He has probably already broken FF's TOS by posting that link to his website.

But please observe his actions, He has been acting like famous banned posters in the...
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