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Powerful 1 Min Scalping System (Fx Prime)

  • #2,261
  • Nov 14, 2008 1:01pm Nov 14, 2008 1:01pm
I think that would add even greater value to this fantastic system, CanuckCT.
Working on 1H, 4H and even Daily would be great for those who can't sit in front of their computer for several hours a day.
Thanks,
Rick
  • #2,262
  • Nov 14, 2008 2:10pm Nov 14, 2008 2:10pm
I don't want to take away from this thread.....but here is the link to the higher timeframes's thread. I plan to continue trading M1 as my primary trading strategy.
Cheers
CanuckCT

http://www.forexfactory.com/showthread.php?t=127212

Quoting 4xRick
I think that would add even greater value to this fantastic system, CanuckCT.
Working on 1H, 4H and even Daily would be great for those who can't sit in front of their computer for several hours a day.
Thanks,
Rick
  • #2,263
  • Nov 14, 2008 2:54pm Nov 14, 2008 2:54pm
Quoting bdedyal
Hello Guys

Doing great work. I find the above shaded area a pig to trade incurring losses. Any thoughts on this would be welcome.

Dedyal
Where is your RSI? and Where is the Sidewinder? These are part of the system the sidewinder was adid later though. But I still can see some good small scalps. I see you have the arrows I prefer the regular RSI. And the first short signal is pretty close to the fib 38.2 the fibs are close togther Too choppy to be trading this area, you have shaddid.
Just my opinion.
Here is the sidewinder indi if ya need it. I set the trh to 14 just my preference.
Attached File(s)
File Type: ex4 FX Sniper's SideWinder Overlay.ex4   7 KB | 739 downloads
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #2,264
  • Nov 14, 2008 3:26pm Nov 14, 2008 3:26pm
Quoting bdedyal
Hello Guys

Doing great work. I find the above shaded area a pig to trade incurring losses. Any thoughts on this would be welcome.

Dedyal
After nearly 1000 pips movement on cable in the previous 2 days, it can just go sideways. This often happens after a big move.

I tried to trade but got nowhere and went off to the Dow.
  • #2,265
  • Nov 14, 2008 3:32pm Nov 14, 2008 3:32pm
Here is my statement from 1 week fo trading FXPrime and yes the system does work so simple just follow the rules. I have been trading Forex for 4 years and never had such good results......
Thanks CD
Attached File(s)
File Type: zip Statement 398675 - Mike McKeoughnewsys.zip   10 KB | 1,242 downloads
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #2,266
  • Nov 14, 2008 4:01pm Nov 14, 2008 4:01pm
Quoting fxtrading24
Here is my statement from 1 week fo trading FXPrime and yes the system does work so simple just follow the rules. I have been trading Forex for 4 years and never had such good results......
Thanks CD

Great Job...very nice trading. I'm very happy for you,

And Thank You CD also
  • #2,267
  • Nov 14, 2008 4:15pm Nov 14, 2008 4:15pm
Quoting fxtrading24
Here is my statement from 1 week fo trading FXPrime and yes the system does work so simple just follow the rules. I have been trading Forex for 4 years and never had such good results......
Thanks CD
Congrats fxtrading24.

I note in your statement that you never have a loss of more than 9 pips, and your losses, whis are very few are generally less than 5 pips. Questions :

1- Do you use as Ea
2- Are your trades on a DEMO or live account?
3-Do you have a special stop Loss strategy? When I place a Stop Loss of 10 pips, I am most of the time stopped out even if the trade is in the right direction and would have been profitable with a 20 pips Stop Loss. Just the spread is generally 3 pips or more in EU and GU and 5 pips with EY.

Finally, I agree that CD system is profitable, but in my case, I have to place Stop loss of 20 pips in order not to be stopped out prematurely.
  • #2,268
  • Nov 14, 2008 4:22pm Nov 14, 2008 4:22pm
Quoting HBS
Congrats fxtrading24.

I note in your statement that you never have a loss of more than 9 pips, and your losses, whis are very few are generally less than 5 pips. Questions :

1- Do you use as Ea
2- Are your trades on a DEMO or live account?
3-Do you have a special stop Loss strategy? When I place a Stop Loss of 10 pips, I am most of the time stopped out even if the trade is in the right direction and would have been profitable with a 20 pips Stop Loss. Just the spread is generally 3 pips or more in EU and GU and 5 pips with EY.

Finally, I...
yes i have the same questione as HBS. I usually will be kicket out with a stoploos lower that 20 ever if the trade goes the rigth way afther a few. this is a bit frustration.
  • #2,269
  • Nov 14, 2008 4:27pm Nov 14, 2008 4:27pm
Quoting HBS
Congrats fxtrading24.

I note in your statement that you never have a loss of more than 9 pips, and your losses, whis are very few are generally less than 5 pips. Questions :

1- Do you use as Ea
2- Are your trades on a DEMO or live account?
3-Do you have a special stop Loss strategy? When I place a Stop Loss of 10 pips, I am most of the time stopped out even if the trade is in the right direction and would have been profitable with a 20 pips Stop Loss. Just the spread is generally 3 pips or more in EU and GU and 5 pips with EY.

Finally, I...
Hi as for those small stops I was playing with the trailing lines script which shows the stoped out trades i was confused on how it worked, but found out, my bad on that. For setting stops to me it depends on volitility, which pairs I am trading. So a NY open can have alot of movement up and down on the 1 minute so I trade with the trend Providing the signal is there on the one minute. the 5 and 15 min chart. My stops vary from 10 pips eu to 60 on gp. And No I Do Not Use A EA.......
This is from my demo acc, and I do trade live, and did very well this week with my live account.
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #2,270
  • Nov 14, 2008 4:46pm Nov 14, 2008 4:46pm
hello all .
I looked back at the double cci woody at the euro.dollar using the 1 hour time frame and If following CD's enter rules at 1.5800 +- entry and exit would have been at the 1.47+- cross range. Thats a he!! of a scalp. I don't know when were gonna see a trend like that again but when it happens hopefully Ill be in.
What I'm doing is entering 2 lots and when approprate, loose 1 and hold the other till I get stopped out at break even. When i get more experience and more money I may work with 3 lots when a more clear trend developes.

Good luck trading all
Gordon
  • #2,271
  • Nov 14, 2008 5:03pm Nov 14, 2008 5:03pm
Hi Fxtrading 24

First I would like to thank Canadian Dude for his method and this wonderful thread which is so amazing in all information and the way how Canadian was trying to show his method by frames and asking from all to show their time frames and sure to thank all who joined here and added their comments and guiding others .

Using the CCI 34 & CCI 170 & the RSI is a wonderful way and I tried the method in my real account , it is perfect and working well even I tried the method as some others were talking about here to do some trades (not exactly as what Canadian told ) like to have CCI 34 crossing zero before CCI 170 or taking the trade when the CCI reaches in the chart the 300 level and waiting till it cross 100 or to cross zero , Risky but It worked several times.


Dear Fxtrading24 ...I would like to ask you , I saw in your statement that you are only setting the S/L and not the T/P and your trade is stopped on the S/L (lower value than your enter) , so what will happen when you set the S/L lower value for your sale trade and it goes up ?
  • #2,272
  • Nov 14, 2008 5:44pm Nov 14, 2008 5:44pm
hi f4mnect

Can you post your indicator and template? i like it
  • #2,273
  • Nov 14, 2008 6:17pm Nov 14, 2008 6:17pm
[quote=Moe2008;2351538]Hi Fxtrading 24

First I would like to thank Canadian Dude for his method and this wonderful thread which is so amazing in all information and the way how Canadian was trying to show his method by frames and asking from all to show their time frames and sure to thank all who joined here and added their comments and guiding others .

Using the CCI 34 & CCI 170 & the RSI is a wonderful way and I tried the method in my real account , it is perfect and working well even I tried the method as some others were talking about here to do some trades (not exactly as what Canadian told ) like to have CCI 34 crossing zero before CCI 170 or taking the trade when the CCI reaches in the chart the 300 level and waiting till it cross 100 or to cross zero , Risky but It worked several times.


Dear Fxtrading24 ...I would like to ask you , I saw in your statement that you are only setting the S/L and not the T/P and your trade is stopped on the S/L (lower value than your enter) , so what will happen when you set the S/L lower value for your sale trade and it goes up ?[/qu


For the stops I was using a script rtailing lines this was on a demo so I was trying them out thats why I was stoped out. For take profit I close or I set it in my close all. And on my demo mostly trailing stop.....
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #2,274
  • Nov 14, 2008 7:02pm Nov 14, 2008 7:02pm
Quoting wwp726
hi f4mnect

Can you post your indicator and template? i like it



I did a few pages back
  • #2,275
  • Nov 14, 2008 7:20pm Nov 14, 2008 7:20pm
hi f4mnect

can you talk about your rules ? the same with CD rules?
  • #2,276
  • Nov 14, 2008 7:35pm Nov 14, 2008 7:35pm
Quoting wwp726
hi f4mnect

can you talk about your rules ? the same with CD rules?

I'm guessing you have not read the whole thread
  • #2,277
  • Nov 15, 2008 7:35am Nov 15, 2008 7:35am
Was wondering, where you guys track news coming out, there is a board concerning news on first page of forex factory, but Im not sure, if they are good enough. As we are scalping here, news are important too.
  • #2,278
  • Nov 15, 2008 10:26am Nov 15, 2008 10:26am
Quoting gasgas
Was wondering, where you guys track news coming out, there is a board concerning news on first page of forex factory, but Im not sure, if they are good enough. As we are scalping here, news are important too.
I use Forex Factory Callinder
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #2,279
  • Nov 15, 2008 6:19pm Nov 15, 2008 6:19pm
At the start of this thread CD has the CCI 170 and the CCI 20 in two seperate windows. He later combines them in to one window.

Is it a problem that the zero line for the CCI 170 is different to the zero line for the CCI 34 when used in different windows, but wheen combined in to the same window they are using the same zero line.

I have created a chart that has the combined CCI's that CD is now using and then each of the CCI's in seperate windows.
http://www.pokerineurope.com/ebay/FXPrimePic3.jpg



The arrow indicates where the problem might be.

Using the combined CCI's this is an entry signal as the CCI 170 crosses zero first, followed by the CCI 34. ( I have removed the RSI. For this example lets just say it is in the right direction.)

The next picture is a close up of this area.

http://www.pokerineurope.com/ebay/FXPrimePic2.jpg



The red vertical line shows where the CCI 34 crosses the zero line on the individual window.
This is a long time before the CCI 170 has crossed the zero.
On the combined CCI window the CCI 34 at this point is at the 75+ level.

The green vertical line is where the CCI 34 crosses the zero on the combined window.
At this point in theim, the CCI 34 in the individual window is already well below zero at the -20 level.

So, using seperate windows this would not have been a trade. However, using the combined CCI window it was a trade.


Of course, the zero lines are almost the same. But as CD makes a big issue out of the fact that the CCI 170 must cross first then it would seem veru important to make sure the lines are correct..

So, which is correct?

Is the rule really "When the CCI 34 crosses the zero line of the CCI 170", or is the combined CCI indicator wrong?
  • #2,280
  • Nov 15, 2008 7:38pm Nov 15, 2008 7:38pm
hmmm... you are going so deep with CCI.

it might be a "poor" resolution of my brand new SONY laptop, but I think your lowest CCI is not 34 but 14???
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