Tkpower8 ATM | Page 61 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The ATM Machine 9 replies

My ATM Machine 6 replies

Like an ATM! Think again... 4 replies

Reliable broker with micro, cc/atm, trailing stop 0 replies

Attachments: Tkpower8 ATM
Exit Attachments

Tkpower8 ATM

  • #1,201
  • Jan 7, 2009 3:23pm Jan 7, 2009 3:23pm
Quoting Bryan
Mr. Weasel,
I have a newbie question, possibly related to the one above regarding the stoch. The stoch has four different colors numbered 0-3. They seem to band together, but is there one perticular color we want to look for or just the general direction of all of them? Thanks
set it up as per post 184

"Mister" Weasel Your funny, man! (my friends just call me weasel or FW or FXW but never mister)
Isolate yourself from the herd
  • #1,202
  • Jan 7, 2009 3:57pm Jan 7, 2009 3:57pm
Have you ever looked at and compared the MT4 Stoch indicator with the custom Stoch indicator we're discussing side by side? Even with the same settings of 5,3,3 they are a bit different. Have you noticed that and do you understand why that might be because I should don't?

Thanks for your comments!!
PipHunter
  • #1,203
  • Edited 6:26pm Jan 7, 2009 4:24pm | Edited 6:26pm
Quoting Pip Hunter
Have you ever looked at and compared the MT4 Stoch indicator with the custom Stoch indicator we're discussing side by side? Even with the same settings of 5,3,3 they are a bit different. Have you noticed that and do you understand why that might be because I should don't?

Thanks for your comments!!
MTF stoch indicators are always a little screwy. I keep two other windows open to show me the exact position of the M15, each window has the stoch no last bar indicator showing only, no prices. In the first window, the indicator is set to show only the closed bar, the second shows the open bar, there is an arrow to see direction as well. This is much more accurate than the MTF stoch indicator, but the MTF is easy to just lay onto the M2 chart. I do both.


this is also my current trade, missed the 1st ATM signal after M15 crossed above 20, but got the second one. edit, closed for +10 when it became clear it was out of gas....if you look, this trade came very late in the journey of the M15 from 20 to 80. with little room left to go, I took my 10 pips off the table.

FW

PS a pretty good way to exit a trade if using the M15 setup is to exit when it changes direction. that's often the end of that run.

PPS yes I realize the daily R1 is right there, but it did in fact break through (This is a risky trade I guess, but trailing it manually in case of trouble)
Attached Image (click to enlarge)
Click to Enlarge Name: indies.gif Size: 51 KB
Attached File(s)
File Type: mq4 Stochastic_NoLastBar.mq4   4 KB | 368 downloads
Isolate yourself from the herd
  • #1,204
  • Jan 7, 2009 6:03pm Jan 7, 2009 6:03pm
Quoting forexweasel
I'm in the US, EST and usually trade from early morning till about 10pm. Not neccessarily trading the recommended hours for the TKpower8 system.
forexweasel,

Thanks for the reply. I'm in the Central Time Zone and I'm looking for a system that I can trade in the evenings when I get home from work, so from around 6:00 p.m. to 10:00 p.m. CST. It looks like this system may have some decent trades during that time period. Any thoughts, from you or anyone else, on this system and that time period?

Thanks
rptrader
  • #1,205
  • Jan 7, 2009 6:45pm Jan 7, 2009 6:45pm
Hi. May be someone can tell me How we apply rules for Doji candlesticks ?
  • #1,206
  • Jan 7, 2009 7:16pm Jan 7, 2009 7:16pm
Quoting Piotr1
Hi. May be someone can tell me How we apply rules for Doji candlesticks ?
What? Generally it is considered an eaten candle. So an entry. There was some discussion about length of wicks - depending on the direction, if there is long wick the cross or whatever the middle bit is called, then a short wick, then the candle can be seen as mostly red or blue before being overtaken within the Doji. The next candle, the eater, then shows an entry.

Was that the question? Look at some of the charts with the arrows you will see them.
  • #1,207
  • Jan 7, 2009 7:32pm Jan 7, 2009 7:32pm
Thank You .Was not sure about this candle.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 27 KB
  • #1,208
  • Jan 7, 2009 7:36pm Jan 7, 2009 7:36pm
Quoting Phreddy
What? Generally it is considered an eaten candle. So an entry. There was some discussion about length of wicks - depending on the direction, if there is long wick the cross or whatever the middle bit is called, then a short wick, then the candle can be seen as mostly red or blue before being overtaken within the Doji. The next candle, the eater, then shows an entry.

Was that the question? Look at some of the charts with the arrows you will see them.
Actually, it's not necessarily an entry if you get a candle eats doji signal. Tk said in a previous post I think that a doji is basically an equal draw between the bulls and bears. You should really wait for a proper setup with bull eating bear or vice versa. However, in another post or one of the ebooks can't remember, Tk also goes on to mentions that a doji or evening star candle at a major pivot/support/resistance line followed by a bull or bear eating candle is a good entry. So I think it depends where the doji appears. If the doji is in mid trend, it may mean nothing.

Later,

Jmc
  • #1,209
  • Jan 7, 2009 7:48pm Jan 7, 2009 7:48pm
Quoting Piotr1
Thank You .Was not sure about this candle.
Two candles earlier was the signal...I think.
  • #1,210
  • Jan 7, 2009 7:57pm Jan 7, 2009 7:57pm
Quoting rptrader
forexweasel,

Thanks for the reply. I'm in the Central Time Zone and I'm looking for a system that I can trade in the evenings when I get home from work, so from around 6:00 p.m. to 10:00 p.m. CST. It looks like this system may have some decent trades during that time period. Any thoughts, from you or anyone else, on this system and that time period?

Thanks
rptrader
I am also in the central time zone and I have had some nice trades during the Asian session. The total pip counts a little lower per move but you should be able to grab a couple of 10-20 pip trades per session.

W.
  • #1,211
  • Jan 7, 2009 8:03pm Jan 7, 2009 8:03pm
Quoting wrenski
I am also in the central time zone and I have had some nice trades during the Asian session. The total pip counts a little lower per move but you should be able to grab a couple of 10-20 pip trades per session.

W.
Wrenski,

That's great! Thanks for your reply. That's exactly what I was looking for. I figure if I'm watching tv I might as well have my laptop in front of me and try to make a little extra cash, after a lot of practice on the demo that is.

Thanks again,
rptrader
  • #1,212
  • Jan 7, 2009 8:05pm Jan 7, 2009 8:05pm
OK, here's one where I got boned. Stopped out for -20 pips. First ATM long signal after the M15 went over 20. Here's the sad part. Usually when I'm up 10 (which I was) I change my stop to +2 that way, can't lose. This time I said to myself give it room to breath, go for a bigger move....doh! This took the smile off my face.
Attached Image (click to enlarge)
Click to Enlarge Name: boned.gif Size: 29 KB
Isolate yourself from the herd
  • #1,213
  • Jan 7, 2009 8:10pm Jan 7, 2009 8:10pm
My losing trades.Comments welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 29 KB
  • #1,214
  • Jan 7, 2009 8:11pm Jan 7, 2009 8:11pm
Quoting rptrader
Wrenski,

That's great! Thanks for your reply. That's exactly what I was looking for. I figure if I'm watching tv I might as well have my laptop in front of me and try to make a little extra cash, after a lot of practice on the demo that is.

Thanks again,
rptrader
That is just what I am doing now. I am in my recliner, my laptop and my dog are in my lap and I am looking for trades.

Good luck to ya,

W.
  • #1,215
  • Jan 7, 2009 8:20pm Jan 7, 2009 8:20pm
Quote
That is just what I am doing now. I am in my recliner, my laptop and my dog are in my lap and I am looking for trades.

Good luck to ya,

W.

LOL, That's exactly how I roll in the evening!

Only looking for 1 or 2 trades with 10 to 20 myself.....then done.

DS
  • #1,216
  • Jan 7, 2009 8:25pm Jan 7, 2009 8:25pm
I don't have dog... don't have loptop... don't have pips...
Well. I think I should get dog first.
  • #1,217
  • Jan 7, 2009 8:27pm Jan 7, 2009 8:27pm
Quote
My losing trades.Comments welcome.

My take; The first trade was too soon after a large down move and was too far from the 21sma considering the size of the entire down move. The second trade was just rent payment....can't win 'em all.....

DS
  • #1,218
  • Jan 7, 2009 8:45pm Jan 7, 2009 8:45pm
Does anyone keep accurate and detailed statistics while using this system? It would be really great to see people's win/loss %, total pips gained or lost and avg pips per trade.

Nice thread by the way, many ppl really seem to be enjoying success!
Just focus on the pips. The rest is insignificant.
  • #1,219
  • Jan 7, 2009 8:49pm Jan 7, 2009 8:49pm
Quoting deepsouth
My take; The first trade was too soon after a large down move and was too far from the 21sma considering the size of the entire down move. The second trade was just rent payment....can't win 'em all.....

DS
Thank You.
  • #1,220
  • Jan 7, 2009 10:00pm Jan 7, 2009 10:00pm
tk hope you`re still around although I could understand if you choose
otherwise . Thank you for all the time you`ve spent putting this together and
helping people learn the atm system , Sadly this world has some lowlife in
it that has nothing going on in their own lives and can`t stand seeing others
being successful . Enough on that . I have not been able to access the skype
If its working - what time please ? At one point some time ago you mentioned
making a video ? In any case I trust you are well , making tons of pips and
know there are some that appreciate your efforts .
steel777
1 trader viewing now