TPS (Time, Price, Scale-in) Revisited

You have to give me a break!! I’m in recovery! A 12 step stupid traders program!

2013 - didn’t know what I didn’t know and was a text book “lose it all!!” And it was a lot for me! My much better half had given me permission but wasn’t happy with the null set 6 mos. later.

KC

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On a serious note:

I’d love to see their platform. For the sake of interest. Any screenshots or stuff like that???

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It’s mind bending how money and power work … all the same players!

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If I get on tonight I’ll see what I can grab.

When I was trading options back then I was using Thinkorswim. I liked that platform.

KC

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Thanks. Would be nice. Don’t go to too much trouble. Just curious really. That’s “real deal” you know.

See what instruments are available and maybe a chart or something???

roger. will do.

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DUDE!!!

I see THE LOT there my good man!!!

Doesn’t look too shabby to me let me tell ya!!! LOL!!! Even watched the video!!!

I see FedEx AND Micron Technology reporting after the bell.

Nice looking charts those. Both set up for longs. But will not take the longs. Spineless. Could place limit buy orders so if they gap down tomorrow… Dunno. Just thinking aloud.

Forget it. Margin requirement on a fully scaled in position just too much. Pity. Well. Not too much as in I COULD. But I’d have to be real selective as to what else I trade.

Just to change the topic a little, I have been running an expert adviser (EA) on a demo account with about 28 different fx charts. It is running TPS by the book except for the emergency stop that is built into my EA - it closes all trades if a candle closes on the wrong side of the 200 SMA.

Starting capital on 10 June was $722. Currently $796. So banked profit in 11 days of full auto trading is $74, or 10.25%.

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You want to be careful with this. Carry on like this and I’ll have to stop telling people it’s impossible to make big gains with an EA!!! LOL!!! Probably even have to change my stance on spot FOREX because of you if this carries on!!! LOL!!!

Well done Sir. I’m pleased to hear it. We’ve been at this a while let’s face it.

Thank you, but it’s nothing to do with me - it’s running totally unattended.

Here’s the “bottom line”:
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You don’t have to be modest. Take a bow. It’s the only EA that I know of for this system to begin with. You drove that. Nothing to do with me or even the book for that matter.

Just dusted off my merrilledge roth ira.

Spoke with kevin at ME/BOA he was wondering if I was going to consolidate my additional 45K to meet the 50K to use marketpro. I inquired about the 15 trades a 1/4, and he thought I had to “prove” myself on the free version and then get approval for marketpro at the beginning of the next quarter. I just might go visit the local branch tomorrow.

KC

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@Spudfan,

Are coding this for MT4?

KC

Yes, this is for MT4.

Hey, what do you know! the EA placed a DAX30 trade, first one for me. And it’s a long.

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I’m happy for you. And I hope it’s wrong. Because I’m short at the daily pivot!!! LOL!!!

Nice thing about this trading system:

With most others we could be either right or wrong. With this: price could very well go down, I TP, you scale-in, we’re both good.

Only reason I’m not in your same trade is a) I didn’t even LOOK so missed it and b) I’m still short the Dow and S&P which I want to get out before I start going wild again. Those two oversized positions are hogging margin.

Good Luck!!

I’m witnessing battle of the Titans!!

KC

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I have a cyborg fighting for me. The Titan has no chance!

He’ll be bahk!

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