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  • #17,521
  • Apr 14, 2013 12:40pm Apr 14, 2013 12:40pm
I made rough calculation EU TOK-5H since 2 Jan 2013,
Table shows following data:
Data,
Range TOK_5H in pips
BKD, break down
BKU, break up
R1, R2, R3 possible R:R= 1, 2, 3
<R<, in pips real price move, sometimes we noticed breaks up and down so this show pips down - pips up of price move
I count price range break only when candle is closed up/below range of TOK_5H.
Please remember TOK-5H is not system itself, it is very good support for TMS
I found this data very interesting and conclusions for myself will be taken, one of them will make me get up one hour earlier than I usually do…
Attached File(s)
File Type: xlsx EU_TOK_5H_2013.xlsx   14 KB | 620 downloads
JacekPreserve Precious Capital
  • #17,522
  • Apr 14, 2013 4:35pm Apr 14, 2013 4:35pm
Quoting Jackub
I made rough calculation EU TOK-5H since 2 Jan 2013, Table shows following data: Data, Range TOK_5H in pips BKD, break down BKU, break up R1, R2, R3 possible R:R= 1, 2, 3 <R<, in pips real price move, sometimes we noticed breaks up and down so this show pips down - pips up of price move I count price range break only when candle is closed up/below range of TOK_5H. Please remember TOK-5H is not system itself, it is very good support for TMS I found this data very interesting and conclusions for myself will be taken, one of them will make me get up...
is


I like this
  • #17,523
  • Apr 14, 2013 4:37pm Apr 14, 2013 4:37pm
Forgot to post summary and trade journal

London P/L:60
New York P/L: NA
Daily total:60

London P/L:725
New York P/L:-60

Aggregate Trades: 97
Aggregate P/L: 665
  • #17,524
  • Apr 14, 2013 10:41pm Apr 14, 2013 10:41pm
Hey guys, newbie question. My Mt4 account had an invalid account(no connection) I installed it a month ago. Anybody know how to get another account?
  • #17,525
  • Apr 14, 2013 10:48pm Apr 14, 2013 10:48pm
Quoting tenmilewalk
Hey guys, newbie question. My Mt4 account had an invalid account(no connection) I installed it a month ago. Anybody know how to get another account?
Go to View - Navigator.
Right click in Accounts.
Open an account.
  • #17,526
  • Apr 14, 2013 10:53pm Apr 14, 2013 10:53pm
hello gigitranza. After going to scan for seervers, there was onlyone available( standard forex us). I used another email witha new username and password but the "invalid account" was still showing. Do I need to use another computer? Will I need to reinstall everything?

Thanks
  • #17,527
  • Apr 14, 2013 11:40pm Apr 14, 2013 11:40pm
Quoting Jackub
I made rough calculation EU TOK-5H since 2 Jan 2013, Table shows following data: Data, Range TOK_5H in pips BKD, break down BKU, break up R1, R2, R3 possible R:R= 1, 2, 3 <R<, in pips real price move, sometimes we noticed breaks up and down so this show pips down - pips up of price move I count price range break only when candle is closed up/below range of TOK_5H. Please remember TOK-5H is not system itself, it is very good support for TMS I found this data very interesting and conclusions for myself will be taken, one of them will make me get up...

Jacek,

That is an excellent piece of diligent work you did. Thank you for sharing it.
You will notice that the EU has an average traded range in H1 is about 15pips and H4 is about 35 pips.
So when we trade the BO of the TOK_5H of 30pips, the intraday trade should not take too many hours to complete, usually I give that 4 to 6 hours , and in worst case it runs into the NY session. But most often, when we are in profit so closing trades before NYO is always a safe management rule.

Good trading this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,528
  • Apr 14, 2013 11:47pm Apr 14, 2013 11:47pm
Using another computer for now. Will need to solve this issue. Running out of computers

Sorry for the irrelevant posts
  • #17,529
  • Apr 14, 2013 11:50pm Apr 14, 2013 11:50pm
Quoting dunggiggs
Thank you, good advice. One question please!, if <30pips will wait price exceed H or L zone of the Asian will enter? with multiple targets or market will range in 30pips? in LONDON & NY?
Hi dunngiggs,

We must always look at the PA using APB/HA.
Narrow range TOK_5H of 30 pips is just a measure of consolidation and when liquidity flow back in the market, we can use this 30 pips range as a guide to trade the breakout and take profit.
For EU and GU, the recent daily traded range is about 90pips but on some days the breakout can go to 120 pips.
Always observe the previous days PA and you will see there will be some days when there is no breakout and PA consoldiates around the TOK_5H range. This usually happen after a previous huge rally and market will pasue.
Back-test and observe what I mean.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,530
  • Apr 14, 2013 11:54pm Apr 14, 2013 11:54pm
Quoting tenmilewalk
Using another computer for now. Will need to solve this issue. Running out of computers Sorry for the irrelevant posts

better if you download again the MT4 platform installer from the broker you want to login to.
this way, that broker' server file will be in your installed MT4 Config.
this will ensure that when you open new demo account, that particular broker server is scan and login to.
if you have another broker' MT4 copied from another computer, the Config file is not the same.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,531
  • Apr 15, 2013 12:20am Apr 15, 2013 12:20am
Quoting emmanuel7788
better if you download again the MT4 platform installer from the broker you want to login to. this way, that broker' server file will be in your installed MT4 Config. this will ensure that when you open new demo account, that particular broker server is scan and login to. if you have another broker' MT4 copied from another computer, the Config file is not the same.
Yeah emmanuel. I think ill need to reinstall everything. At first I was too lazy, then i realized the amount of work I did to install it on another computer was the same...

Logic is not my forte
  • #17,532
  • Apr 15, 2013 1:15am Apr 15, 2013 1:15am
1st 100 pipper using this system...

Took half off the table and will move rest to BE, have been waiting for this aussie dollar short for a while ;-)

Dont see any trades at the moment
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 78 KB
@pawpaw1000 on Twitter
  • #17,533
  • Apr 15, 2013 1:40am Apr 15, 2013 1:40am
It is now time for NZD and JPy pairs to resume their previous rallies,
A gr8 time for buying the dips.
Im looking at , Almost all JPY and NZd pairs
The pairs in my watchlist are , EURJPY, NZDUSd, AUDNZD and GBPNZD.
Looking forward for a profitable week/ Days
Sorry presently no chart for GNZD.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: nzsusd.gif Size: 146 KB
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  • #17,534
  • Apr 15, 2013 3:22am Apr 15, 2013 3:22am
short eur/usd
Attached Image (click to enlarge)
Click to Enlarge Name: graph1.JPG Size: 146 KB
  • #17,535
  • Apr 15, 2013 3:27am Apr 15, 2013 3:27am
Quoting thomi
short eur/usd {image}
Maybe I am wrong, but will wait at the bottom...
JacekPreserve Precious Capital
  • #17,536
  • Apr 15, 2013 3:34am Apr 15, 2013 3:34am
Quoting Jackub
Maybe I am wrong, but will wait at the bottom...
I will test it to be on the market, some output TP1 stop entry point 2 pip
Attached Image (click to enlarge)
Click to Enlarge Name: graph2.JPG Size: 157 KB
  • #17,537
  • Apr 15, 2013 3:42am Apr 15, 2013 3:42am
Quoting thomi
I will test it to be on the market, some output TP1 stop entry point 2 pip {image}
after all, nice catch!
JacekPreserve Precious Capital
  • #17,538
  • Apr 15, 2013 3:47am Apr 15, 2013 3:47am
Quoting thomi
short eur/usd {image}
nice one, but what was your entry reason, please share, thank you?

anyway I missed that short, EU is meeting support, if it's broken then I'll short too. From prev h1 candle, this looks like the short will continue.
Too soon/dangerous to enter long. Price is bouncing off daily fib 38 level.
back... and more dangerous.
  • #17,539
  • Apr 15, 2013 3:56am Apr 15, 2013 3:56am
Quoting kbp
nice one, but what was your entry reason, please share, thank you? anyway I missed that short, EU is meeting support, if it's broken then I'll short too. From prev h1 candle, this looks like the short will continue. Too soon/dangerous to enter long. Price is bouncing off daily fib 38 level.
took short because bounce on h1
Attached Image (click to enlarge)
Click to Enlarge Name: graph3.JPG Size: 65 KB
  • #17,540
  • Apr 15, 2013 4:07am Apr 15, 2013 4:07am
Quoting thomi
took short because bounce on h1 {image}
thank you
(it looks dangerous)
back... and more dangerous.
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