There seem to be many posters on this thread that are fixated on black & white rules, seemingly believing that this is what TK5 was offering at the beginning.
This is not the case, TK5 showed us how he sets his charts up to make what he considers are the most reliable entries, but the basic premise of the thread, unless I am misunderstanding is that however you choose to do it, simply jump on a wave of momentum and jump off before it stalls or reverses.
The original aim of TK5's thread, if he doesn't mind me predicting this, was to demonstrate that there are regular points in the market where a discretionary trader using common sense and basic price action recognition can easily grab 5 pips and bank them, then wait for the next opportunity. The 5 pips per hour headline may have been a bit sensationalist but it grabbed attention, 5 pips 4 times per day is more than sufficient to make a handsome living.
Those who are fixating on entry rules or criticising where a perceived 'by the rules' entry fails are sadly missing the point.
I hope tk5 and others who are properly on board with this ideology are not put off by the negativity.
This is not the case, TK5 showed us how he sets his charts up to make what he considers are the most reliable entries, but the basic premise of the thread, unless I am misunderstanding is that however you choose to do it, simply jump on a wave of momentum and jump off before it stalls or reverses.
The original aim of TK5's thread, if he doesn't mind me predicting this, was to demonstrate that there are regular points in the market where a discretionary trader using common sense and basic price action recognition can easily grab 5 pips and bank them, then wait for the next opportunity. The 5 pips per hour headline may have been a bit sensationalist but it grabbed attention, 5 pips 4 times per day is more than sufficient to make a handsome living.
Those who are fixating on entry rules or criticising where a perceived 'by the rules' entry fails are sadly missing the point.
I hope tk5 and others who are properly on board with this ideology are not put off by the negativity.
Getting there, slowly but surely...