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Tkpower8 ATM

  • #1,081
  • Jan 5, 2009 9:34am Jan 5, 2009 9:34am
TK
You've used this method for ~ 6 months, before, during, and now after, the financial market upheavals.

Has the method worked consistently through all these three 'periods'?

What changes/adjustments, if any, have you had to make to accomodate market changes?

R
  • #1,082
  • Jan 5, 2009 9:41am Jan 5, 2009 9:41am
Quoting rorieu
TK
You've used this method for ~ 6 months, before, during, and now after, the financial market upheavals.

Has the method worked consistently through all these three 'periods'?

What changes/adjustments, if any, have you had to make to accomodate market changes?

R
I have been constantly progressing but have not made any drastic changes just additions to my tool box, like the elliiott waves and pschological levels etc. Overall I have had about the same results throughout the periods you mention. The only difference was that during all the mess, there were even more pips to be made due to extra volatility and massive movements.
  • #1,083
  • Jan 5, 2009 9:44am Jan 5, 2009 9:44am
Quoting tkpower8
I have been constantly progressing but have not made any drastic changes just additions to my tool box, like the elliiott waves and pschological levels etc. Overall I have had about the same results throughout the periods you mention. The only difference was that during all the mess, there were even more pips to be made due to extra volatility and massive movements.
Thanks TK. Good to hear and makes perfect sense.

R
  • #1,084
  • Jan 5, 2009 10:01am Jan 5, 2009 10:01am
Does anyone have a problem with losing pips during chop using this system? There's been like 4 valid signals in the last 20 minutes or so in different directions! What are you doing to NOT enter these trades? I am trying to wait until the higher TF stochs are indicating a move and then use ATM as an entry signal.

For example right now the M15 stoch has crossed up over 80, there will probably be about 2 hours of chop, then when it crosses back down under 80 look out. It should be a big one. The next level of support is around 1.3400. There is really good divergence right now with the stochs cycling up and down and the price really only going down. Once that stoch turns, I'm making a withdrawl from my ATM

Ummm, ok the M15 has already turned??!! I'm looking for ATM down signal to enter. I thought it would linger for an hour or two (and it may yet) but me thinks its anxious to go down again.
Isolate yourself from the herd
  • #1,085
  • Jan 5, 2009 10:09am Jan 5, 2009 10:09am
Quoting forexweasel
Does anyone have a problem with losing pips during chop using this system? There's been like 4 valid signals in the last 20 minutes or so in different directions! What are you doing to NOT enter these trades? I am trying to wait until the higher TF stochs are indicating a move and then use ATM as an entry signal.

For example right now the M15 stoch has crossed up over 80, there will probably be about 2 hours of chop, then when it crosses back down under 80 look out. It should be a big one. The next level of support is around 1.3400. There is really...
Good idea, Weasel. A combination of Spud and the ATM!
  • #1,086
  • Jan 5, 2009 10:14am Jan 5, 2009 10:14am
Yeah, I migrated from Spud on account of no way to enter those trades in very trendy markets. On the other hand, the ATM is a bit whipsawed in ranging markets so maybe a combo of the two is a good idea?
Isolate yourself from the herd
  • #1,087
  • Jan 5, 2009 10:34am Jan 5, 2009 10:34am
I just entered a trade and am up +18 right now. OMG! TK, I love this system bro.!

EDIT: Just hit +31 right now..this is a short by the way.
  • #1,088
  • Jan 5, 2009 10:35am Jan 5, 2009 10:35am
Quoting bigbear777
isn't anyone going to talk about the system ? There is more talk about drama than anything else.
Well shouldn't you have been here earlier?
Cannot hang about all night I've got to go to bed, it's mid-night and we have been talking trading for hours.
  • #1,089
  • Jan 5, 2009 10:38am Jan 5, 2009 10:38am
Quoting tkpower8
I have been constantly progressing but have not made any drastic changes just additions to my tool box, like the elliiott waves and pschological levels etc. Overall I have had about the same results throughout the periods you mention. The only difference was that during all the mess, there were even more pips to be made due to extra volatility and massive movements.
I personally think this method will work thru all those periods. Think about it...this is on a M2 timeframe so there is some volatility everyday even if it's for +10 pips or so. This beats waiting on the 15m or 30M charts for a signal only to enter and watch it go the other way. This system gets you pretty close to the action that's happening now and as Canuck and the rest mentioned, this is "price action" based. The small SL limits are especially attractive to me. I may lose a trade and lose -15 pips but the next signal will give that back to me and more.
  • #1,090
  • Jan 5, 2009 10:45am Jan 5, 2009 10:45am
The people who have sent me a PM re skype chat....I'll be sitting in on the TK's skype room instead of going on my own.....mainly due to the fact the my trading times are irregular.
Cheers
CanuckCT
  • #1,091
  • Jan 5, 2009 10:51am Jan 5, 2009 10:51am
Quoting forexweasel
Here it is, look at the original thread called system II with irony for more info. I just like it cause it trails from 1pip profit rather than 15 like mt4
Hi the script dont work on my chart.
See the attached files, when i open a position the script dont enter a trailing stop loss, what happend?

sorry my english is not good.
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Attached Image
  • #1,092
  • Jan 5, 2009 12:10pm Jan 5, 2009 12:10pm
Skype chat has problems, can any of you log in? I can't.
  • #1,093
  • Jan 5, 2009 12:16pm Jan 5, 2009 12:16pm
and whats the money management plan for the indicator based method?
  • #1,094
  • Jan 5, 2009 12:38pm Jan 5, 2009 12:38pm
Quoting Silenthunter
Hi the script dont work on my chart.
See the attached files, when i open a position the script dont enter a trailing stop loss, what happend?

sorry my english is not good.
I don't know what's wrong, mine has stopped working also! Its from another thread.

FW
Isolate yourself from the herd
  • #1,095
  • Jan 5, 2009 12:54pm Jan 5, 2009 12:54pm
Alright..I made my goal for this morning between my first trade and this one.. Another successful trade at the vertical line. Had to endure a -14 pip DD firs though.
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  • #1,096
  • Jan 5, 2009 1:04pm Jan 5, 2009 1:04pm
Quote
and whats the money management plan for the indicator based method?

Hey Harold,
Really good to hear from you on this thread and topic...When I just read this it made me think of your Position sizing and MM. The light bulbs may have just come on for me.

Why not look at the logical place for your stop + spread, exactly like we do with Key To Mint, and make that same pip count the TP. If as is the case with this method the stop is only 12 pips, then shoot for a 1:1.5 RR. The way these candle eat candle moves usually work out, with practice you can get a real hight hit rate giving us confidence to up position size over time, making the whole thing just a little more mechanical...I would be very interested in hearing your thoughts on this.

Tks
DS
  • #1,097
  • Jan 5, 2009 1:06pm Jan 5, 2009 1:06pm
Very nice JD!

Quote
Alright..I made my goal for this morning between my first trade and this one.. Another successful trade at the vertical line. Had to endure a -14 pip DD firs though.
  • #1,098
  • Jan 5, 2009 1:13pm Jan 5, 2009 1:13pm
Quoting jdcompute
Alright..I made my goal for this morning between my first trade and this one.. Another successful trade at the vertical line. Had to endure a -14 pip DD firs though.
my is a bit different picture, but its the same trade.

blue candle went only 9pips up

how was this trade succesfull, by the rules the SL is hit !?

I'm I missing something ?
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  • #1,099
  • Jan 5, 2009 1:26pm Jan 5, 2009 1:26pm
Quoting deepsouth
Very nice JD!
or as Borat would say

Verrrnaas I Like!
Isolate yourself from the herd
  • #1,100
  • Jan 5, 2009 1:27pm Jan 5, 2009 1:27pm
Quoting gasgas
my is a bit different picture, but its the same trade.

blue candle went only 9pips up

how was this trade succesfull, by the rules the SL is hit !?

I'm I missing something ?
The hard SL was hit but looking at this stuff day in and day out, you sort of pick up on how things are going to move. Now at this time of the day, I'd probably not hang on once my SL has been hit because I know that momentum is slowing down right now.
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