Tkpower8 ATM

KRMO your funny

LOL, I thought your post was very positive.
Sorry about my venting in public.

On to trade oriented conversation!!!!

Here we go again............4FXsake!

Please everyone, let's just stay focused on the method and leave the off topic stuff about TK out of the thread.

Please ignore anything that is off topic and do not respond, no matter how tempting. If there is a problem or one arrises in the future that will be then. Now is now. Thanks

Again, please do not respond to off topic posts.

Wise attitude, I am with you.

Thanks to you Deepsouth, to have posted these PDF it s really appreciated !
Thanks
Luk

That's one of TK's exit strategies. However, in backtesting, I've noticed that there are several "candle eat candle" setups BUT then price turns around and continues in the direction of the trade. That means that you would exit too early and miss a lot.

Yes, I thought about this last week. That is why I was thinking a MTF 5 min sar would help with that.

I do not trade this method live, because I have my own method I am used to and have traded for a very long time.

However, I have been able to take some useful info from Tk's method and incorporate it. I have sim tested this method for 6 months and also demo traded it for a few weeks and it does seem to be very profitable. It requires knowledge of price action to be more effective though.

I have a very good non MT4 Strategy tester that can load in MT4 history or just about any other history for that matter. But then it was not free like the EA written as a MT4 tester. But the MT4 EA cannot do 2 minute, can it?

I have a couple of questions:
A) What is SAR?

B) When "what" pierces the SAR?

C) Is the SAR the purple dashed line?

I am sorry, I thought everyone knew Wilder's work.

SAR is short for Parabolic Stop and Reverse. It is a stop loss system that was invented by Wells Wilder in the early 70s. the indicator I posted above is that indicator. The difference is that the one I posted is using a 5 minute time frame even though it is running on a 2 minute chart. So it gives you some leeway to continue with the trade.

Yes it is the purple dashed line.

Go to investopedia and read up on PSAR by Wells Wilder for a more complete description.

When price pierces the 5 min SAR.

Just so everyone understands, this is not, as far as I know what TK does. It is just something I have been perusing. Please do not confuse this with his method, as his is a complete system.

Well, I don't know where to begin.

I see talk of scam, yet cannot see anywhere anything that required money and did not deliver, or will be charging a fee and not delivering. Any of you that have thought or mentioned scam are defective human beings.

I'm not a messiah, nor a hardworking man, I noticed interest here and copy pasted my post to every forex forum I could find so that others could escape the slave society which has taken over the majority of the population. It took me 20mins to make those posts. Setting up my "supersite" as you call it, took me a few days but that was fun, I learnt many new things and I love learning, our brain is a biological computer after all.

So to you people shouting scam, well done, because you paid nothing and got everything. Some scam that was!!

With regards to Project Robin Hood:
Like I say in my eBook, donations will go to charities or persons that need it and I must admit I was not expecting very much to come in straight away. The 1st set of donations will be going to someone local to me who I see struggling but is a very hard worker, he has recently lost both parents and finds himself in his early 20's with a mortgage and plenty of debt. He is working 7 days a week with 2 jobs and barely has a moment to sit down. This is the kind of person I am looking to help. Charities may come later when donations built up, most charities put half the money into admin anyway so your money doesn't all get where you think.

And I am going have to say, if you made money from what I shared then why do you even care what happens to your donation? it could go into my pocket, why would that matter to you?, you are supposed to be donating to show you appreciation. It just so happens though that I do not need your money, I do just fine thank-you, but I would like to create a fund of donations recieved for my help, and spread them out where I see fit.

I WILL NOT BE POSTING AT ANY MORE FORUMS EVER.

For those of you that have sent me all the positive comments on my blog and PM's, I thank-you, it made my xmas hearing about how many peoples pip count I had actually helped change. I will keep my site running and just ban anyone who has anything negative to say for no reason whatsoever. Anyone interested in trading and sharing their trading thoughts and results are welcome.

This was a great thread.

I really like your parabolic SAR stop M5. It gets you out of the trade just before the candles cross back over the 21SMA so it does save some pips.

Here's my contribution, if you don't like it, don't use it: I hate drawdowns and losing money. I like my trade to take off instantly upon entry. Consider this filter. Put an MTF 100,4,4 stoch of the M5 on your M2 chart. Only take ATM longs when the stoch is rising above 20 but below 50, only take ATM shorts when the stoch is falling below 80 but above 50. The 100,3,3 stoch was proposed by Spudfyre as a proxy of the M5 price chart on a stoch. surely if its not going in your direction, its a warning that your trade will at least have some serious drawdown. The chart shows two false entries with red 21SMA to fool you, but notice the stoch is dead flat and not ready to play at all. A few minutes later, the M5 stoch tells you that price will play nice with the green 21SMA you see on you M2 chart and its safe to trade with minimal drawdown. Backtest this a bit. You do filter out the occassional good trade, even big ones, but filter out nearly every bad trade. That's better for my temperment cause I usually bail on trades that go against me by 10 pips or more. I haven't traded this yet, but looks good over a few days' manual backtesting. I will give it a try this coming trading week and let you guys know if it works well FW


PS TK just saw your post. You shouldn't leave. There's a lot of putzes trolling these threads - set them to ignore. You've made a lot of people a lot of money already and for sure are appreciated.

OK little lice and others, you have your way. He's gone now you can run the thread.
Oh, sorry, you don't have anything to contribute do you?

This is why I called Little Lice Iago. He breeds doubt and discord.

TKPOWER8, thanks for your efforts and please don't let Little Lice bother you. The vast majority of us who have followed your thread do not share the pus of his discord.

I look forward to seeing your videos once you get them going!!!

Thanks!!!

You know, many people are skeptical by nature...I am one of those. But this attack on someone who is obviously an accomplished trader and has a great thread running here is just wrong. This one is nothing like the CD fiasco, nothing like it at all. Just read the PDF...I know, a lot of that information is available in a number of places, nothing new really. But just to be able to put it together, the way TK has is evidence to me that he is methodical in his approach to trading and is successful at it.

As with most successful traders, they freely give away their secrets because most people (the 95%) couldn't make money unless you made the trades for them.

And as for you new people who are quick to jump on this guy, I won't bother naming you, if you really understood anything about trading, you'd know that this is an excellent way to cut your teeth in trading.

Quite frankly, I'm disgusted with the turn this has taken...and as for lillelise, do you spend you time looking for scammers?

I'm out of here for a while. I have better things to do than to participate in this any longer.

I'll be logging in to check my PMs and to send a few PMs. I'd like to get a skype group together to just trade, without the bullshit that continues to dribble from some of the idiots on this forum. If you are interested, please PM me. For the rest, good luck with your trading.

Goodbye for now.

Cheers
CanuckCT

I for one am very grateful for this thread and the contributions of Canuck and the rest. I have always felt that people like Lil Lice are from people that have failed continually to turn a profit in Forex so they refuse that there actually those that are. What amazes me is the stupidity that grasps a person to such a depth that they refuse to cease ignorant posts like that and just learn from someone that's actually got it going. Boy pride and ego will keep some folks broke for years.

PM sent!

I was afraid that this would be your reaction...Just let it go TK and ignore the noise, a single 14 year old kid could get on these forums and wreak havoc, so just ignore the s@#! and let's move on...

DS

Yes TK please don't stop posting because of a few bad apples. If you give up on this thread, then those that have caused all this trouble will have won. Your much stronger then that. Please reconsider.

thx,
todd