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Tkpower8 ATM

  • #1,341
  • Jan 12, 2009 8:45am Jan 12, 2009 8:45am
Quoting gasgas
I have been using it for a while now, live and demo, and it works okey for me, but it took me some demo trades to get settings right. One thing I notised, trailing somehow doesn't work, but I don't use it anyway. We need some coder guy to look at that problem. Any yes ''allow live trading'' must me checked. To S/L and T/P to take place, price must move a little at first, but I think it doesn't need to go threw ''0''.

Pip Hunter, play with it a little more on demo, with settings. I'm sure it will work.

Cheers
Thanks Gasgas I'll invest some more time to making it work.
PipHunter
  • #1,342
  • Jan 12, 2009 9:12am Jan 12, 2009 9:12am
Quoting Phreddy
What was the rational for taking this trade? If you don't mind, that is! Always glad to see you raking in the pips but it doesn't look like a CeC to me.
Just watching how price was moving gave me confidence along with the CCI/Stoch indicator below, and the fact that price had opened below that pivot line.
  • #1,343
  • Jan 12, 2009 9:21am Jan 12, 2009 9:21am
Got this one....moved stop to BE after +10..set take profit at +50 and walked away. Back 10 minutes later and trade had closed..

+95 today....totally TK with a peek at M1...and I missed a couple of good ones. Done for the day and banked over 6% on my account.

Cheers
CanuckCT
Attached Image
  • #1,344
  • Jan 12, 2009 10:01am Jan 12, 2009 10:01am
Quoting CanuckCT
Got this one....moved stop to BE after +10..set take profit at +50 and walked away. Back 10 minutes later and trade had closed..

+95 today....totally TK with a peek at M1...and I missed a couple of good ones. Done for the day and banked over 6% on my account.

Cheers
CanuckCT
CanuckCT, what pairs do you trade mostly?
  • #1,345
  • Jan 12, 2009 10:01am Jan 12, 2009 10:01am
Quoting CanuckCT
Got this one....moved stop to BE after +10..set take profit at +50 and walked away. Back 10 minutes later and trade had closed..

+95 today....totally TK with a peek at M1...and I missed a couple of good ones. Done for the day and banked over 6% on my account.

Cheers
CanuckCT
HI CT

Well done today.

Just comparing charts. Surprised to see I have a few exta signals (red boxes). Two within your trade.
Probably just data differences but I wondered if you'd changed any settings. I'm using Interbank too.

R
Attached Image
  • #1,346
  • Jan 12, 2009 10:38am Jan 12, 2009 10:38am
Only trading EJ and GU...not even watching other pairs at the moment.
Cheers
CanuckCT

Quoting jdcompute
CanuckCT, what pairs do you trade mostly?
  • #1,347
  • Jan 12, 2009 10:40am Jan 12, 2009 10:40am
Forgot to ask

What were your other trades today?
Trying to encourage shorthand...charts not required!
eg
GU 800gmt s +35 (M2)
EJ 816gmt s +19(M2+3)

R
  • #1,348
  • Jan 12, 2009 10:56am Jan 12, 2009 10:56am
Quoting CanuckCT
Got this one....moved stop to BE after +10..set take profit at +50 and walked away. Back 10 minutes later and trade had closed..

+95 today....totally TK with a peek at M1...and I missed a couple of good ones. Done for the day and banked over 6% on my account.

Cheers
CanuckCT
Can you post your other trade for the day?
  • #1,349
  • Jan 12, 2009 11:08am Jan 12, 2009 11:08am
Quoting CanuckCT
Only trading EJ and GU...not even watching other pairs at the moment.
Cheers
CanuckCT

CanuckCT, you have a couple extra entries which don't show on my chart IBFX. Have you tweeked the indicator settings, or just different broker's data? thanks.
Isolate yourself from the herd
  • #1,350
  • Jan 12, 2009 11:26am Jan 12, 2009 11:26am
Quoting Dazzer
electrolegal may just be like babypips offering helpful advice for free. I hope so.
Just be careful, thats all.
Dazzer
I suspect I'm as sensitive about being taken for a ride as a lot of others on FF are and was dissapointed by the fxprime conclusion. I guess FF are sensitive to similar looking threads at the moment.

... but having looked at TK's system and website I find it difficult to see how he intends to scam people -- it's a well defined price action system with a couple of moving averages and pivots for guidance and an RSI and Stoch to help spot earlier entries for more advanced trades -- as far as I know there are not any "special" indicators to filter out bad trades -- using tight stops do that. It's a system that encourages you not to overtrade and trade when the markets are at their most liquid - again no special indicators - just sound rules.

While on the Skype chat group yesterday TK held an impromptu webinar to try out a bit of software - during this I asked him if the website would turn into a subscription service - the straight answer was a pointed "NO". He said the "Robin Hood" fund he has setup on the website is purely voluntary.

I think Twee has done FF punters a dis-service by hijacking this thread - if TK starts touting for cash (which he has not done) then and only then should he be booted out of FF
  • #1,351
  • Jan 12, 2009 11:45am Jan 12, 2009 11:45am
I think its worthwhile to review each trade period as it concludes. So here's my analysis of this trading period just ended (NYopen).
my MM is this: SL 20 move to +2 at +10 and TP 20.

On the chart there are 7 circles representing 9 trades:
circle 1: would have closed at +2
circle 2: would have TP at +20
circle 4: would have TP at +20
circle 5 #1: would have SL at -20
circle 5 #2: would have closed at +2
circle 6 #1: would have closed at +2
circle 6 #2: would have SL at -20
circle 7: would have closed at +2

so the net of all trades using my money managment system is +8 pips. Other considerations would be that breakout trade (black box) which was an easy +20 and the notion of pushing back from the computer to watch TV or something else at +42 after two good winners and come back for the next trading periods.

I hope that those of you doing well with this system (you know who you are) can help me to evaluate each trading period so that we can have a great "strategy" for using this "system". I hope this makes sense. Thanks. FW
Attached Image (click to enlarge)
Click to Enlarge Name: for review.gif Size: 25 KB
Isolate yourself from the herd
  • #1,352
  • Jan 12, 2009 11:58am Jan 12, 2009 11:58am
I use the 2b version of the arrow indicator....with a 1 pip delta...I don't trade the arrows...just use the alerts as heads up - something for me to consider.

I took the first signal out of the gray zone...made my 50 pips and moved on. The next signal...gauging from the chart I posted...was also a good one after retrace....I did not take it because I was not available...don't know it I would have taken it...that would depend on what I would have seen on M2...and other things I consider....I treat this as primarily an M2 based system.

Cheers
CanuckCT

Quoting forexweasel
CanuckCT, you have a couple extra entries which don't show on my chart IBFX. Have you tweeked the indicator settings, or just different broker's data? thanks.
  • #1,353
  • Jan 12, 2009 12:05pm Jan 12, 2009 12:05pm
More in depth trade manager for those interested
Attached File(s)
File Type: pdf Multi purpose trade manager instructions.pdf   82 KB | 1,188 downloads
File Type: zip Multi purpose trade manager.zip   14 KB | 521 downloads
  • #1,354
  • Jan 12, 2009 12:46pm Jan 12, 2009 12:46pm
no time for this...

Quoting rorieu
Forgot to ask

What were your other trades today?
Trying to encourage shorthand...charts not required!
eg
GU 800gmt s +35 (M2)
EJ 816gmt s +19(M2+3)

R
  • #1,355
  • Jan 12, 2009 12:48pm Jan 12, 2009 12:48pm
Quoting scottyboy
I suspect I'm as sensitive about being taken for a ride as a lot of others on FF are and was dissapointed by the fxprime conclusion. I guess FF are sensitive to similar looking threads at the moment.

... but having looked at TK's system and website I find it difficult to see how he intends to scam people -- it's a well defined price action system with a couple of moving averages and pivots for guidance and an RSI and Stoch to help spot earlier entries for more advanced trades -- as far as I know there are not any "special" indicators to filter...
I think it was the Project Robin Hood That started it with Twee.
Barry
  • #1,356
  • Jan 12, 2009 1:17pm Jan 12, 2009 1:17pm
It really doesn't matter...this thread will be dead in a month. The posters...including myself, will be moving on shortly.

I hope the Project Robin Hood works out. It has inspired me to do something similiar in my area.

Cheers
CanuckCT

Quoting bvincent
I think it was the Project Robin Hood That started it with Twee.
Barry
  • #1,357
  • Jan 12, 2009 2:14pm Jan 12, 2009 2:14pm
hey, are we supposed to be trading AFTER the 8:00-10:00GMT zone or during that time?
  • #1,358
  • Jan 12, 2009 2:24pm Jan 12, 2009 2:24pm
Quoting jdcompute
hey, are we supposed to be trading AFTER the 8:00-10:00GMT zone or during that time?
http://www.electrolegal.com/atm-mach...reakout-zones/

I may as well promote TK's site...it's got better focus than this thread.
  • #1,359
  • Jan 12, 2009 2:36pm Jan 12, 2009 2:36pm
Quote
It really doesn't matter...this thread will be dead in a month. The posters...including myself, will be moving on shortly.

I hope the Project Robin Hood works out. It has inspired me to do something similiar in my area.

Cheers
CanuckCT

Me too on both counts....I support my church which does tremendous works both locally and abroad....and they do it with a lot less expense than govt. give aways or larger charity organizations

DS
  • #1,360
  • Jan 12, 2009 2:46pm Jan 12, 2009 2:46pm
Quoting CanuckCT
http://www.electrolegal.com/atm-mach...reakout-zones/

I may as well promote TK's site...it's got better focus than this thread.
Thanks! :-)
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