The aim of the Tenkei Trading Techniques System is to make just 10 points a day between 7:00am and 9:00am or 7:00pm and 9:00pm, thus at £5 per point, make £250 a week or over £1,000 a month”.
The manual provided details the strategy which is quite well presented with working examples, etc. Entry is based on two criteria being met, the first on the 1 minute chart, the second on the 3 minute chart. Supporting price action then confirms entry.
There is a degree of discretion for entry, one of two rules are generally applied, a break above the high/low of the trade confirmation candle or 5 or 10 points above the Moving Average crossover. The former was more generally applicable in the Daily updates although occasionally it was the latter. Some trades were entered without reference to the 3 minute time-frame and some, purely on the direction of the Moving Averages, further discretion.
There is potential here for some (who like lower time-frames) to use this as a “scalping” rule base.
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