Powerful 1 Min Scalping System (Fx Prime) | Page 121 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Woodies CCI with a 5 min scalping 50 replies

1M & 5M Scalping System (Scalping Paradise) 21 replies

Blackdiamond System - Awesome scalping system (Coding Reqd) 9 replies

Scalping techniques on 1 Min chart 26 replies

15 min indicator on 5 min chart 3 replies

Attachments: Powerful 1 Min Scalping System (Fx Prime)
Exit Attachments

Powerful 1 Min Scalping System (Fx Prime)

  • #2,401
  • Nov 18, 2008 3:53pm Nov 18, 2008 3:53pm
Quoting CanuckCT
I suppose we could discuss something productive like the following:[list][*]How do we tell if market is ranging or trending? What things should you be looking for in H4, H1, M30, M15 or M5 to help with this assessment and improve your chances of having a successful FXPrime trade?[*]What about each CCI and what to do when they reach 100, 50, 350?[*]What ways are there to measure the strength of the move and how far it might go rather than simply looking at fibs and can higher timeframes help with this?[*]What might your screen setup look like...

Hello everyone!

I am reading and following this system almost from the beginning and also that in the chat. Never has posted, cause was trying all the time understand best entries and exits. That really has taken a lot of time to learn and discover all that. First thanks CD for the system and others for their generous time for explaining everything.
Question is about that ranging market. I know there is some stuff about it, but I still have some misunderstanding. Maybe we can do what CanuckCT said about discussing those points?

Best regards and happy pipping!
  • #2,402
  • Nov 18, 2008 4:12pm Nov 18, 2008 4:12pm
I really think that is time everyone to give his share for this system only few ppl do this here and most of the ppl do not read even first page and ask questions like what should i do , do this work, and many more.Ok now my share do not know how many of you read the post that CanuckCT post abt entering trades we have 170 let say short and 34 goes below -100 level and go up again this is very safe entry i did some tests and it goes pretty good!i will show some examples ....
Attached Image (click to enlarge)
Click to Enlarge Name: example.jpg Size: 247 KB
  • #2,403
  • Nov 18, 2008 5:21pm Nov 18, 2008 5:21pm
CD, any indication when the public release of the indicator will be?
  • #2,404
  • Nov 18, 2008 5:37pm Nov 18, 2008 5:37pm
Quoting f4mnect
As I brought up many times in this thread, 50 pip scalps crazy, this is not the norm, I don't know ranging, trending does not overly concern me, I just handle them a little differently. Ranging markets, in and outs over and over 5 to 10 pips at a time with stop brought up to break even much quicker than in a trending market. If it breaks threw 10 pips profit, I'll lock in 5 and just follow it closes moving stop up and locking in pips or if been very small moves, i'll take the 10 as soon as its hit
Hi f4mnect..

How or what do you do to detremine if you have a randing market? This seems like a very difficult task on a 1 or 5 min chart.
  • #2,405
  • Edited 5:51pm Nov 18, 2008 5:50pm | Edited 5:51pm
Quoting ozziedave
Hi f4mnect..

How or what do you do to detremine if you have a randing market? This seems like a very difficult task on a 1 or 5 min chart.
There are a number of indicators that help you determine if a pair is ranging or trending. I use the Damiani Voltameter (Volatmeter?). Google it and you'll find it. I think version 3.2 was the last one put out there. There are fancier indicators but I like this one because it's simple. Gray line over green = ranging (Red bar underneath for emphasis). Green line over gray = trending.

Once you get the indicator you'll quickly realize that looking at the chart tells you whether the pair is ranging or trending lol. But it's nice to have confirmation.
  • #2,406
  • Nov 18, 2008 5:51pm Nov 18, 2008 5:51pm
Quoting nubchai
There are a number of indicators that help you determine if a pair is ranging or trending....
about Dimiani like most indicators it`s lagging so how will this help ?
  • #2,407
  • Nov 18, 2008 6:26pm Nov 18, 2008 6:26pm
Quoting teodosy87
about Dimiani like most indicators it`s lagging so how will this help ?
In the case of the market trend for a pair I haven't found the Damiani indicator to lag excessively. It just gives you another piece of information to process before taking an FX Prime Signal. This morning it helped me to decide to quit trading earlier than usual. From comments I've heard in the chat room that was a smart decision.

Now one thing I HAVE heard is that there are different settings for each pair. I haven't found set files for the different pairs yet so I use the default settings.
  • #2,408
  • Nov 18, 2008 6:47pm Nov 18, 2008 6:47pm
Quoting teodosy87
I really think that is time everyone to give his share for this system only few ppl do this here and most of the ppl do not read even first page and ask questions like what should i do , do this work, and many more.Ok now my share do not know how many of you read the post that CanuckCT post abt entering trades we have 170 let say short and 34 goes below -100 level and go up again this is very safe entry i did some tests and it goes pretty good!i will show some examples ....
Hi.... how do you get the Heikin Ashi into the indicator window as shown on your chart? Is there any mq4 file?
  • #2,409
  • Nov 18, 2008 6:54pm Nov 18, 2008 6:54pm
Quoting Syahmi
Hi.... how do you get the Heikin Ashi into the indicator window as shown on your chart? Is there any mq4 file?
This was posted by emda ;]]] just go back and you will see very very good tool
  • #2,410
  • Nov 18, 2008 7:00pm Nov 18, 2008 7:00pm
I wish Canadian DUD would post here again. At least tell us or give updates on his new findings of his system. Claims to have a new INDY but IMO it works so well so he wants to keep it to himself.
  • #2,411
  • Nov 18, 2008 7:01pm Nov 18, 2008 7:01pm
Quoting nubchai
In the case of the market trend for a pair I haven't found the Damiani indicator to lag excessively. It just gives you another piece of information to process before taking an FX Prime Signal. This morning it helped me to decide to quit trading earlier than usual. From comments I've heard in the chat room that was a smart decision.

Now one thing I HAVE heard is that there are different settings for each pair. I haven't found set files for the different pairs yet so I use the default settings.
I see i ask because i`ve use some time this indicator and it`s good but miss some very good moves maybe the key is right setting also i find very very good to have 1hr TF with 14 ADX on it and trade only if we have the volatility (http://www.google.bg/search?hl=bg&client=firefox-a&rls=org.mozilla:en-US:official&hs=myG&sa=X&oi=spell&resnum=0&ct=result&cd=1&q=volatility&spell=1) line above 20 level ;] this is pretty good and works very good ;]
  • #2,412
  • Nov 18, 2008 7:02pm Nov 18, 2008 7:02pm
Quoting bigbear777
I wish Canadian DUD would post here again. At least tell us or give updates on his new findings of his system. Claims to have a new INDY but IMO it works so well so he wants to keep it to himself.
May be best will be it you try to fit the system for you ppl please stop with this indicator when it`s ready will be post here ;] if forex everything good need time!
  • #2,413
  • Nov 18, 2008 7:48pm Nov 18, 2008 7:48pm
Hi im newbie to the system. Why i cant attach all the indicators from first post except the heiken ashi. If i try to attach the indi that always make my mt4 not respond even when i attach all custom indi on my mt4. i use mt4 ver 2.19
  • #2,414
  • Nov 18, 2008 7:53pm Nov 18, 2008 7:53pm
Quoting teodosy87
I really think that is time everyone to give his share for this system only few ppl do this here and most of the ppl do not read even first page and ask questions like what should i do , do this work, and many more.Ok now my share do not know how many of you read the post that CanuckCT post abt entering trades we have 170 let say short and 34 goes below -100 level and go up again this is very safe entry i did some tests and it goes pretty good!i will show some examples ....
But the next trade was bad. And it come from -100
Attached Image (click to enlarge)
Click to Enlarge Name: example2.jpg Size: 630 KB
  • #2,415
  • Nov 18, 2008 8:02pm Nov 18, 2008 8:02pm
Quoting ozziedave
Hi f4mnect..

How or what do you do to detremine if you have a randing market? This seems like a very difficult task on a 1 or 5 min chart.

most of the time for me I'm watching the slope and the spread between the 34 and 55 ma, but also I'm looking at the moves them self, if I'm only seeing 10 to 15 pip bounces back and forth, well next trade I'm looking for 10 to 15 pips until market proves more to me. also the stoch i'm using can say alot and the 170 cci strength says alot
  • #2,416
  • Nov 18, 2008 8:38pm Nov 18, 2008 8:38pm
1st screen shot..Yea Baby, I'm going to keep shorting these bounces until it won't let me any more. 2nd screen shot...aghhh, sleep, walk the dog, what ever but watch out and if you must trade this... quick in and outs, best to wait though
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_06 Nov. 18 18.31.jpg Size: 111 KB
Attached Image
  • #2,417
  • Nov 18, 2008 8:46pm Nov 18, 2008 8:46pm
Does anybody has problems with the server?
My broker is ODL and the metatrader there has problems updating. I cannot trade with this crap.

D.
  • #2,418
  • Nov 18, 2008 8:49pm Nov 18, 2008 8:49pm
I’m trying to find a system which meets my expectations, I mean, I don’t have much experience so I don’t think I will modify existing systems or strategies until I feel all that comfortable with them. Can anybody tell me if this is a good system to start with?
  • #2,419
  • Nov 18, 2008 8:53pm Nov 18, 2008 8:53pm
Quoting f4mnect
we have had big repainting issues with most of the bar style indicators. but I had my trading partner test out these 2 indicators on a few different trading simulators we run and they did quite well, know the current bar will repaint but after it's close they hold there color very well.
Here is SnapShot indicator from Michal Rutka web site, you set it take as many pictures per bar as you want. The pictures will be in the C:Interbank 4-2expertsfiles folder. With this you can see the repainting if amy.
Barry
Attached File(s)
File Type: mq4 SnapShotI.mq4   4 KB | 598 downloads
  • #2,420
  • Nov 18, 2008 9:16pm Nov 18, 2008 9:16pm
Want to improve your chances...CCI170 should be above +100 for longs and below -100 for shorts. The CCI34 should come from below -100 for buys and come from above +100 for sell. However, you will miss some trades due to this and regardless of these guidelines, you will have losing trades. The overall lack of volatility is evident in your chart by the way the CCI170 is moving down towards zero and is below 100. What time of day was this? And what might you do differently to assess volatility to see if it is a good time to trade?
Cheers
CanuckCT

Quoting altezza.cl
But the next trade was bad. And it come from -100
0 traders viewing now