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- Three pips stop - Scalping Journal
I have just picked up scalping again after a long time and I desire to attempt at becoming ...
- R3ta replied Dec 22, 2017
You can use FXCM free datafeed to run charts with NT, and then use your preferred broker for placing orders. I often use multiple platforms for different purposes. The edge is in the fractal nature of the market, coupled with the real world ...
- R3ta replied Dec 20, 2017
Ninjatrader, if you want to dive into scalping I suggest you to try it out. In my years of trading I still have to find a better platform for charting on <1m TF.
- R3ta replied Dec 19, 2017
What about this one, perhaps?
- R3ta replied Dec 16, 2017
Thanks for sharing your indicator with some added imputs, that's all I needed. You say it's impossible to reverse-engineer your indicator and that is a futile exercise. I totally disagree. You may be right in saying that replicating an exact version ...
- R3ta replied Dec 11, 2017
No I don't take it personal. I got caught into this thread because I got intrigued by CP's indicator, which appeared interesting to me. With your reference to "Mastering The Basics" (written like that it seem the title of an upcoming movie, lol) I ...
- R3ta replied Dec 11, 2017
Is this the indicator you're talking about? This one seems the one CP is using. Anyhow I coudn't find it for NinjaTrader or MT4/5 or Oanda's platform, it seems it's only available on FXCM's TradeStation. Am I correct?
- R3ta replied Dec 11, 2017
Here it is, a 1 sec chart with a MACD (60,3600). Does it look like CP indicator to you?
- R3ta replied Dec 11, 2017
CP indicator might be simple in it's nature, but by looking at his charts it's not common. As far I can see his indicator gives very reliable signals on tick charts, something 100% not common. This means nothing in practice. Please, for the love of ...
- R3ta replied Dec 11, 2017
The influx indicator used by CP is not an ordinary MACD. Below you can see a MACD with the specs you mentioned (please note it's a 5-sec chart so MACD values are set to 12,720). Entry levels are +0.005 for long and -0.005 for sell. As you can see ...
- R3ta replied Dec 10, 2017
Looking at the indicator behaviour, it can also be some sort of modified awesome oscillator. Just to know, you have your hands on this indicator (or similar) or are we all trying to guess?
- R3ta replied Dec 10, 2017
So you're referrig to a simple MACD right? Anyway, if my theory is correct the indicator line represent the changes over time (or slope perhaps?) in the MACD line (completely different concept).
- R3ta replied Dec 10, 2017
In my example the exit is not decided by price crossing the blue line, but it's managed by the trader. If price stall for more than X seconds = you exit the trade. Every respectable scalper with some experience will know what I'm talking about, we ...
- R3ta replied Dec 10, 2017
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- R3ta replied Dec 10, 2017
Thanks, I did not see that indicator before now. He found a combination of indicators that effectively deliver reliable and precise signals on tick charts, which is essential as I stated before. As far as I understood, he is trading this way: 1 - An ...
- R3ta replied Dec 10, 2017
Take a look at this 5-seconds chart of cable during peak hours. Where is your reference point? Where would you pull the trigger?
- R3ta replied Dec 10, 2017
Just to crack some more "codes" for the noobs (please note this is my interpretation of CP lines and might be wrong): When CP talks about higher edge in a single candlestick: He means price movements inside any given time period (even 1 min candles) ...
- R3ta replied Dec 10, 2017
Glad I got it after a couple of hours of lurking this thread. Yes and no. I know very damn well that watching tick charts during London/NY sessions is definitely the fastest way for a trader to learn how to trade momentum; the best ability you could ...
- R3ta replied Dec 9, 2017
From what I've understood lurking into this thread the phrase "95% of the time price will close above or below the open" repeated many times by OP and CP is referring to the fact that price tend to move from any given point in time and tend to ...
- R3ta replied Dec 2, 2017
AIs are already impacting society and trading. Today's markets are already very different from the ones we've seen 20 years ago, thanks to algos, and many jobs have already been replaced by automation. Once general-like AIs will become common the ...