Here is an updated 4 hour chart now that I know the correct probable count. Note that wave A was 906 pips, so I would expect wave C to be about the same and end up at about 1.3458 or so. Elliot is an art, not a science.
Some other things of interest are that due to the rule of alternation, wave 2 up of the C down is a sharp move so wave 4 of the C down should be a flat wave, which it was. and now that means this is wave 5 of C down, so this move is the 5th wave of the C down, because C waves are always 5 wave patterns.
The only reason I bring up this Elliott stuff, is because TK talks briefly about it in his instructions for this method.
the red dotted line is just drawn by the script I use to exit a trade The Magenta dotted line is a MTF 5M SAR indicator that I wrote last week for using as a exit point to capture more of a large move.
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Oh, magenta!! How posh! Thanks for the info, yes I did see it.
My ref to the TK forum being .interesting' you might have mis-understood, he is having a thread for those additions such as yours, to be discussed.
I must have another look at the chart now. I may have other questions No been there, done that.
You are trading for real money??? I am impressed and that is not sarcastic! Why would you thinkso? You wouldn't, just my paranoia!
TK's Blue eat Red would have been better! TK Rules as they say.
Pips are pips though so good for you.
True Phreddy...on that particular trade it would have worked out better, on this trade using candle eats candle cost 24 pips. So when to use which? When to use the MTF SAR? If you look at the charts you will see all methods appear to work better than others on different trades....
Also TK's rules offer this exit as one of many options...I think screen time is critical. I haven't given up on using the 8sma just yet, but am leaning more and more to a per trade target....
Edit: I just saw the other thread stating all this is a scam. I really do not need this drama. I gave it a second chance, now I have had enough. Second trade chart deleted and I am gone. this is ridiculous that this one person can post this stuff.
True Phreddy...on that particular trade it would have worked out better, on this trade using candle eats candle cost 24 pips. So when to use which? When to use the MTF SAR? If you look at the charts you will see all methods appear to work better than others on different trades....
Also TK's rules offer this exit as one of many options...I think screen time is critical. I haven't given up on using the 8sma just yet, but am leaning more and more to a per trade target.... DS
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You are quite right, of course. We are going with a bit of a mix. TSL manually about 2 bars away and also having a satisfactory number of pips. My wife has an initial target of 25 pips then 50 once that is achieved. With both those values the SL goes in closer to the price. Once price moves away then chase it further. I don't like the 8sma idea or the SARS. They both seem re-active instead of pro-active.
The daily target idea, if you can do it is much better but then I do feel that this is rather like a game to try to win.
Edit: I just saw the other thread stating all this is a scam. I really do not need this drama. I gave it a second chance, now I have had enough. Second trade chart deleted and I am gone. this is ridiculous that this one person can post this stuff.
Edit: I just saw the other thread stating all this is a scam. I really do not need this drama. I gave it a second chance, now I have had enough. Second trade chart deleted and I am gone. this is ridiculous that this one person can post this stuff.
BYE.
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I just saw that thread too, no one has posted anything in it other than little lice. I don't want to give up on this FX Factory thread, I have sent a complaint to them explaining that this is defamation which is of course illegal. I for one don't appreciate it and I know you guys don't. Hopefully they will delete his thread and ban him as a user completely. This is not high school and most of use are here to share and learn, not point fingers.
Sorry to bring this up again in the thread, its unfortunate that 1 person has to try and ruin things for others. Just wanted to let you know what up in case you do not see me here again
Good attitude, TK8. Let's hope it goes away so the people here that want to test this system can do that, and make up their own minds as to whether or not it works. I don't see you or anyone else twisting anybodies arm to trade this method. If people try it, and it doesn't work, then they can go off and try something else.
I just saw that thread too, no one has posted anything in it other than little lice. I don't want to give up on this FX Factory thread, I have sent a complaint to them explaining that this is defamation which is of course illegal. I for one don't appreciate it and I know you guys don't. Hopefully they will delete his thread and ban him as a user completely. This is not high school and most of use are here to share and learn, not point fingers.
Sorry to bring this up again in the thread, its unfortunate that 1 person has to try and ruin things...
Your Pivots are completely different to mine. What time do have them start?
Do you exclude Sunday data?
I checked with TK this am and he confirmed his start at 0:00GMT.
(This is why I don't like to rely pivot lines; loads of variations so how can you base decisions on them)
R
I use standard daily pivot points, but the difference is I exclude Sunday data. Otherwise they are all bunched up as 2 hours of sunday data by itself probably isn't very reliable...I also have my days starting @ 00:00 GMT.
And you are right about trying to base decisions on them, the idea I think should be to keep an eye on those areas but not jump out to soon...easier said than done as I have already proven to myself
I just saw that thread too, no one has posted anything in it other than little lice. I don't want to give up on this FX Factory thread, I have sent a complaint to them explaining that this is defamation which is of course illegal.
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I have complained also. I am being slandered so I complained. Twee is listed as a 'buddy' so it may be difficult. I have also asked how the site stands as being responsible for its member's slanderous utterances (Law word includes written stuff). We will see, I am waiting for Twee's reply.
I tried to contact "thatwasme" but profile says no e-mails.
What is the trick to downloading this new newsreader? When I click on the ex4 there is no option to open or save, it just opens a page with lots of strange symbols. Help please.
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Sorry, don't recognise the problem. Do you want to PM me and send your e-mail I will attach it.
