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-   -   Scalper's Heaven / Morph Scalping Methodology (https://www.forexfactory.com/thread/935476-scalpers-heaven-morph-scalping-methodology)

Maxjoy Jul 24, 2019 6:19am | Post# 1

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MORPH SCALPING a.k.a. FUSION SCALPING BY MAXJOY / FX ELITE EUROPE


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After posting for a while, it seems there are no traders employing similar methodology and/or tight SLs, as I do... or they cant be bothered to share...
So, decision was made to make this thread also my personal journal of sorts and post not only Morph Scalping setups, but general views, various TF analyses and whatnot.

If you find yourself interested in shearing and participating, please familiarize yourself w/ the rules and thread culture below.

*
I would like to create a place, where scalpers can interact and exchange ideas on scalping the MAJORS.
The idea is simply to bring and connect like-minded traders, so we can all learn, develop and thrive from each-others experience.

RULES:

- Live Trades/Live Accounts ONLY - no Demo BS!
- This is a Scalpers thread - so post only your scalps with SL under 15 pips, keep your swing trades and trades w/out SL for other threads!
- Every... and I mean EVERY trade entry should be posted with the CHART, SL, Target, Reason for entry. If you don't have 'em - go to the Casino!
- Any type of SIGNAL posting will be DELETED!
- Don't clutter the thread with unnecessary and off-topic chatter.
- Last but not least - be nice to each other and make money!

LIVE TRADE CHARACTERISTICS AND ETIQUETTE:

All posted trades should be with pre-determined SL which should be under 15-20 pips. and pre-determined TP. Reasons for SL and TP. Don't forget you charts!
Don't rush to post while trading, you can post later your best and well thought trades... we don't need signal services!

EXAMPLE:

Entry - Short at 1.12782 - Bearish Engulfing on H1 + tweezers top + Fib. Level repels PA.
SL=8 pips - above local top
TP - Support at 1.1190/1200 and PA confirmation.

Exit - 1.12204 - Bull divergence, bounce from Demand area, engulfing and HH. P/L = +56.4, RRR = 8/1
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RimJim Jul 24, 2019 4:36pm | Post# 2

Interesting.. keep going

hramir Jul 24, 2019 9:13pm | Post# 3

WHATS YOUR SETTING?

Maxjoy Jul 25, 2019 7:28am | Post# 4

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Entry - Long at 1.11408 / 1 pip negative slip on entry - bounce off of local demand area, break of falling wedge on M1
SL=4 pips - under local bottom
TP - 1.1215 - H&S re-test area on H1 (alternative exit at top of Fib. - 1.1172, PA confirmation)

Edit - closed at +1... forgot that ECB is due in 5 min. ... those spikes will def. trigger my stop...
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Maxjoy Jul 25, 2019 9:23am | Post# 5

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Edit - closed at +1... forgot that ECB is due in 5 min. ... those spikes will def. trigger my stop...
That volatility... I knew it!

Good that I closed that trade. PA accommodating my swing positions - but that's for another thread...
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Maxjoy Jul 26, 2019 5:13am | Post# 6

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Entry - Long at 1.11343 - M15 - Engulfing candle + bounce off of Fib. 38%, M1 - entry at retest of break TL at the Fib area of 23/38% following div. on RSI.
SL=3 pips - initially under previous bottom, just moved it to BE...
TP - 1.1215 - H&S re-test area on H1 (alternative exit at top of Fib. - 1.1172, PA confirmation)

EDIT - Stopped at +1
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venividivici Jul 26, 2019 6:49pm | Post# 7

nice..ill be watching

Maxjoy Jul 28, 2019 9:47am | Post# 8

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Weekend wisdom...
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Maxjoy Jul 29, 2019 9:19am | Post# 9

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Entry - Long at 1.11202 - H1 div. on RSI. + long wicks show bear exhaustion. triple bottoming in progress. M15 - similar scenario and signs like on H1.
Entry on M1 following breakout and retest ot the break area.

SL=4 pips - under last swing of demand area on M1

TP - 1.1215 - H&S re-test area on H1 (alternative exit at top of Fib. - 1.1172, PA confirmation)

EDIT: SL=BE
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Maxjoy Jul 29, 2019 1:55pm | Post# 10

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So far, so good... locking 5 pips w/SL
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HiddenGap Jul 29, 2019 4:57pm | Post# 11

- Every... and I mean EVERY trade entry should be posted with the CHART, SL, Target, Reason for entry. If you don't have 'em - go to the Casino!
Are you saying one cannot scalp without a profit target? What about using a trailing stop? Does that automatically shift the trade from scalp to position?

- Any type of SIGNAL posting will be DELETED!.....Don't rush to post while trading, you can post later your best and well-thought trades... we don't need signal services! (emphasis added)
Finally, somebody gets it.

Maxjoy Jul 29, 2019 6:49pm | Post# 12

{quote} Are you saying one cannot scalp without a profit target? What about using a trailing stop? Does that automatically shift the trade from scalp to position? {quote} Finally, somebody gets it.
Hey bruv, long time no see

I'm not saying that one cannot scalp w/out TP... or SL for that matter...
Real scalping is done for few pips at the time, without set TP or SL, as the trader is on the "trigger", looking to catch minor moves in either direction, sometimes risking more than he/she intents to gain.

This thread has something a bit different in mind...

One of the few approaches and styles I apply to my trading (market condition and volatility dependent) is the Intuitive Morph Scalping Methodology (IMS) a.k.a. Fusion Scalping.

So, when it comes to SL and TP, this is my personal view (no one have to agree on this):
- MM is the most important aspect in trading, not the trading itself. Huge portion of your time should be allocated in finding the right trade, not being in it!
- Having predetermined SL gives you clear view on what's your Risk, having TP - clear idea on what you are expecting to gain. Here is your Trade Plan. Otherwise you have no RRR, you have no complete Trade Plan, simple as that.
- SL capped to 15-20 pips, hence the precision of the entry needed and the larger RRR expectancy should one succeeds. Furthermore - having set SL (tight-ish) would lead to: A) Fast exit if you are wrong, and afterwards you'll be able to asses where things went wrong - bad analysis or wrong SL positioning - that's how you become better at this game. B) Higher Reward to Risk Ratio, should your trade is executed well and TP met (or trailing SL, etc.)

To answer your question - Yes, you might go without TP set in stone, but just mention your expectations on where should/could PA go, and your plan to manage position by trailing stops... afterwards, explain how you have managed the exit. The most important is the Thought Process behind it! Predetermined SL is a must!

All this is not only educational (for those reading the thread), but also opens a door to a constructive discussion on Entry/Exit/Position management/SL placement topics.

So, basically the idea of the thread is to bring like-minded individuals with similar trade styles to collaborate, discuss and get some exposure to various trade approaches when having the same, tight trade criteria.

When it comes to ppl posting they entries w/out charts and reasoning, or shouts of direction, etc... I stray away from such threads and will do my best to keep this one clean of any gurus and fortune tellers (w/out any backed logic, charts, trade plan, etc.)

Last but not least - hope you'll find the thread interesting and contribute whenever you feel like

Cheers!

HiddenGap Jul 30, 2019 12:51am | Post# 13

To be fair, I do not consider myself a scalper, but rather a day trader. Meaning I am not necessarily looking to pick up a few ticks, but rather a few points.

Volatility plays an import role in my trading (as it does in yours). I like to use volatility-based profit targets (partial exits). The intent is to take profit as volatility expands and at the same time stay in a trade as long as the market will let you.

I don't believe in Risk/Reward Ratios. Mainly because you can't define it if you do not know what each component is. Even if one assumes that the initial stop (Risk) will always be hit and never go beyond it, Market-based exits can't be predetermined. Specifically, I don't know when or where volatility will expand.

At any rate, I'm anxious to see where this thread goes. I'm sure there will be nuggets for all kinds of traders to gleam.

Maxjoy Jul 30, 2019 2:45am | Post# 14

To be fair, I do not consider myself a scalper, but rather a day trader. Meaning I am not necessarily looking to pick up a few ticks, but rather a few points....
That's exactly what Morph Scalping is about - Fusion between scalpers entry precision, minimizing risk and day-trader's target approach... plus few other tricks...

Maxjoy Jul 30, 2019 3:55am | Post# 15

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SL moved to +10 (including overnight swap charges) following the break out of the flag.
Possible second entry if price revisits breakout area...
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Maxjoy Jul 30, 2019 10:11am | Post# 16

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Manual exit with P/L of 23.5 pips, as bearish PA is more and more visible on H1 and M15. H1 RSI flat tops - Div.
Acheaved RRR - 5.56

Possible correction in to1.1230 area, will follow PA.
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Maxjoy Aug 7, 2019 5:15am | Post# 17

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Following the bearish bias on H1 and the break down from 1.1196 neck line and current support I entered short with 3 pip stop.
Will try to target 1.1097.
The charts are pretty much self-explanatory.

EDIT: SL=BE
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Maxjoy Aug 7, 2019 7:04am | Post# 18

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PA shows no strong momentum after the break + exhaustion at Fib. level.
Manual exit at RRR 2:1
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Maxjoy Aug 9, 2019 2:36am | Post# 19

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Entry - Short at 1.11939 - M15 - Rising wedge break, H1 - RSI negative teritory, PA touch of MA21 & MA100 + Resistance zone
SL=4.7 pips over local top
TP - 1.1097 - Fib. 100% zone. (Alternative exit at 1.1130/40 zone, PA confirmation)

Hope Trump wont interfere with PA like yesterday...
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Maxjoy Aug 9, 2019 3:16am | Post# 20

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Stopped at BE, London has something else in mind I guess...
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Maxjoy Aug 9, 2019 2:33pm | Post# 21

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Entry - Short at 1.12160 - Double top at Fib. 261.8 + RSI div. + Dark Cloud Cover Candle pattern... missed entry by 2 pips, as I was busy.
SL= already moved to BE from local top.
TP - Support at 1.1097 Fib 100 on H1 (will trail when needed, alternative exit at 1.1130/40 area).
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Maxjoy Aug 9, 2019 5:02pm | Post# 22

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Just closed my latest entry on profit of 14.1 pips, as the market is about to close and my stop being so close, could be triggered on Sunday evening by gaps or widening spread... better safe than sorry they say
Achieved only RRR of 2:1
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Maxjoy Aug 10, 2019 10:20am | Post# 23

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Weekend wisdom...
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Maxjoy Aug 12, 2019 10:35am | Post# 24

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Quick scalp with 4.5 pip stop targeting 1.1200
Entry on M3 following double top, RSI div. with retrenchment of PA to 1.1218 forming tweezers top.
Exit at round number and breakout area.

EDIT: It was a quick one indeed, SL hit.
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Maxjoy Aug 12, 2019 2:22pm | Post# 25

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The price is locked in a range, waiting the Euro and US numbers tomorrow, so I had a second short entry from these levels after the touch of Fib. 423 and PA showing exhaustion on H1 + Hidden Div. on M15.
Same target of 1.1200, even though by tomorrow might slide further South.
Stop moved to +6, so previous lost recovered plus some tiny profit, but hopefully will run it's course to round handle.

EDIT: Trailing Stop hit at +6.1 pips
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Maxjoy Aug 13, 2019 10:49am | Post# 26

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Just closed a quick scalp (dont pay attention at the first trade - day trade w/Wider SL)

Entry at 1.12121 at M3 following small range break also creating tweezers top.
H1 - top of the range with PA turning off the resistance area to create a temp. Bearish bias.

Stop-loss was initially 6.5 pips, later moved to BE.

Exit at the bottom of the range after PA shows rebound.
P/L = +32 pips, RRR= 4.92
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Maxjoy Aug 14, 2019 2:52am | Post# 27

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Entry Long at 1.11714 on M3 - div. , M15 - falling wedge formation + div., H1 - bottom of range - support area + div.
Stop 7.4 pips - below local bottom.
Target - 1.1205 - Fill of VT level.
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Maxjoy Aug 14, 2019 4:39am | Post# 28

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Moving SL to + 3, just below local bottom reject area.

EDIT- SL hit as break of 1.1185 was unsuccessful.
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Maxjoy Aug 14, 2019 10:13am | Post# 29

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Following the break of FLAG H&T Formation on M3 I entered Short with 4 pips stop.
Targeting next Fib. level for 14.2 pips of potential profit.

EDIT: Missed my TP for few points - moving SL=BE
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Maxjoy Aug 14, 2019 10:27am | Post# 30

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Acheaved RRR of 2.5:1, Closed for + 10.1p.
Exit near my initial TP as PA stalls.
But on bigger frames we have a breach of that few days of consolidation move... waiting for the H1 & H4 close.
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Maxjoy Aug 14, 2019 12:49pm | Post# 31

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Entry Long at 1.11422 on M3 after spotting a pennant break out to the upside. H1 - PA touches Fib. 161.8 level of retracement.
M3 & M!5 - Div.
SL = 7 pips, below the wick creating local bottom.
Exit - TP is at 1.11722 break down area.
EDI: SL Hit
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Maxjoy Aug 15, 2019 4:18am | Post# 32

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Entry Long at 1.11541 - M3 - A&E pattern with targeted run of about 11-12 pips and break out of Frankie and London range.
Stop 10.1 pips under mid range swing (possible correction to 1.1149)
TP - 1.11717 - Fib. 100% Retrace

EDIT: No follow up on that tiny breakout - SL hit.
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Maxjoy Aug 15, 2019 2:31pm | Post# 33

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Entry on M3 after engulfing candle bouncing off the fib. res. level, anticipating the break of the triangle, Div. on M3 and M15
Stop = 5 pips
Exit - initial TP at 1.1133, Manual close for 12 pips after engulfing candle at Fib161.
Achieved RRR 2.2
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hramir Dec 10, 2019 11:43pm | Post# 34

Entry on M3 after engulfing candle bouncing off the fib. res. level, anticipating the break of the triangle, Div. on M3 and M15 Stop = 5 pips Exit - initial TP at 1.1133, Manual close for 12 pips after engulfing candle at Fib161. Achieved RRR 2.2 {image}
Where is your system?

Maxjoy Dec 22, 2019 8:38am | Post# 35

{quote} Where is your system?
U haven't noticed my signature... or U did...

Maxjoy Jan 17, 2020 7:17am | Post# 36

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I missed the great opportunity yesterday to jump short after the div. on H1, but today I found an entry on M15 + H4 with decent stop of 10p.
So far the PA is running 20+ pips and I have moved my stop to BE, however there is a high chance of PA triggering it.
Looking for a target - 1.1060/70
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Maxjoy Jan 17, 2020 8:00am | Post# 37

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Out with 23 pips as I feel PA slows down and correction is quite possible.
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Maxjoy Apr 14, 2020 2:51am | Post# 38

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Long time no see... was traveling the globe, had no time to post.
Finally back home - under mandatory 14 day quarantine and made my first trade this morning.
Quick scalp w/5 pip stop and target of 18 pips hit.
Entered on 15 min chart after double top RSI weakness with a healthy almost 4:1 RRR
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Maxjoy Apr 20, 2020 4:49am | Post# 39

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Long entry at 1.08515 w/SL= 19 pips initially and later adjusted to BE.
Reason - H1 double bottom w/divergence shows direction, Fib levels of correction marked and executed at first support level.
Target currently comes at 1.0908 = Fib 261.8 mark... might get extended to .0922 PA dependent.
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Maxjoy Apr 21, 2020 3:26pm | Post# 40

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Long entry on revisit of breakout level.
9 pips SL, target is Fib 423 = 1.1085
EDIT: SL=BE hit
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