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Scalp, scalp, scalp

taken short from 15 min average at 15305,although mixed non synce pricing so close monitoring

15276 being daily average
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Quoting diceman555
{quote} hi chazzle, yes i will enjoy were 8 hours in front here so im going for a few cold ones, in brief i use the averages to trade from and the split price for target or add ons. ive posted many posts regarding how i calculate my averages and the splits are a calculation from those no,s which i havnt as of yet posted the calc, basically they are like the s1 s2 ect,mine are a low level and high level,which if the market remains with the same sentiment that price split high for example would complete its natural cycle,now this is going...

Thanks Diceman555 for taking your time to explain.

Looks like I have to take time and study the M15 charts. The last time I tried I got fried but one of the reasons was I was relatively new to FX and traded without proper MM. I am a lot better now and know how important MM is in trading. From the little I have read in your thread it seems you trade mainly the GBPUSD. Do you find it more reliable? Most scalpers trade the EURUSD.

Thanks
Quoting johNal
{quote} Thanks Diceman555 for taking your time to explain. Looks like I have to take time and study the M15 charts. The last time I tried I got fried but one of the reasons was I was relatively new to FX and traded without proper MM. I am a lot better now and know how important MM is in trading. From the little I have read in your thread it seems you trade mainly the GBPUSD. Do you find it more reliable? Most scalpers trade the EURUSD. Thanks

hi johNal,

i mostly only trade cable,unless i see a clear mispricing on the values of the pairs i monitor,my reason for trading cable is only because thats were i started with my first intro to fx which was in hong kong back in 1994,were i traded from a trading house and lost a relative a large amount of money,thats were i first started trading cable ,all we had was the quote prices and a very basic screen chart,but we were instructed to trade from the ochl .obviously i didnt listen well enough to my peer although the same principles i use now i just understand it now.

i was put of trading for many years from that first intro,

the 15 min and 1 hour averages and ochl are inportant for the way i trade

dice
price came back and stopped me for 3 pips,i was tight on my stop ,the second failed break below 90 area should have been my exit.

wow price just blitz up
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construction pmi was better than expected ,
AVERAGED PRICES.

heres the chart with the averaged prices that i posted at the beginning of the week and reactions to the key averages,regardless of hindsight what they tell us is bias,are we trading short or long.take note of the higher time frame averages and the reactions at those prices,they were all very clear strong moves .the build up of interest around these key levels is paramount.

i will post the revised levels for the smaller time frames ,the averages as ive said replace the split highs again this isw were orders are building or interest,new split high being futer averages,one continuous circle.when they all converge price starts trading below the averages and a new cycle begings
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my levels of interest,
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i was surprised that price didnt collect orders at the 1 and 4 hour av,plus the 15 min split low,certainly a retracement price to look for.got caught on that one,but pips in from the 15 min split high look at the lead candle always from one of these points next target 15565 hour split high
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there she goes hour 4 hour split highs 15772 next target 16255 longer term monthly split high
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closed 144 pips,split highs
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heres todays chart after news,price been sitting on the split highs yesterdays point of interest.shorting from the interest level break .

15422 area has a pile of averages and interest,looking for that zone ,stop b/e on my short.thats my next reference p[point .
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ok,were now back down to this price zone at 15420 to 50 area,once price failed at those split highs,15730 50 area not much to do apart from short on failed highs back down to were we know theres interest and orders.will be interesting now to see what and how much buying interest is here,present sentiment dosnt favour that conclusion but that can change .need to re adjust all the averages and levels were orders and interest are most likely building.
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weve been trading from those converged averages 15420 to 50,looking for entries below the 20 level and above the 50.all the splits closed in to 100 pip range above and below.looking for price to trade up above the range or below .
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hi thoughts,

heres an example of a longer term averaged price,calculated from 12 months of closes.this gives me the long term average,
price traded away from the monthlky average at 15023
.price traded upto the 12 month average at 15746.now with information and the added short term averages your bias becomes much clearer.allowing for the fact that this price is not static were looking for these longer term averages to converge with shorter t/f ,this can be seen also in the calculated extensions.

i record all these levels and look for convergence

will answer your questions in pm

dice
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Quoting diceman555
hi thoughts, heres an example of a longer term averaged price,calculated from 12 months of closes.this gives me the long term average, price traded away from the monthlky average at 15023 .price traded upto the 12 month average at 15746.now with information and the added short term averages your bias becomes much clearer.allowing for the fact that this price is not static were looking for these longer term averages to converge with shorter t/f ,this can be seen also in the calculated extensions. i record all these levels and look for convergence...
Very interesting..Thank you Diceman I'll keep an eye out for the PM..
Quoting Thoughts
{quote} Very interesting..Thank you Diceman I'll keep an eye out for the PM..

sent you a pm,but feel free to ask

dice
Quoting diceman555
{quote} sent you a pm,but feel free to ask dice
Thanks Diceman. I just got back on the forum and noticed your thread reply but cant seem to find the PM. I wonder; did the message register in your 'sent items' folder?
Quoting Thoughts
{quote} Thanks Diceman. I just got back on the forum and noticed your thread reply but cant seem to find the PM. I wonder; did the message register in your 'sent items' folder?
hi thoughts,

ive just checked my sent messages and the reply is not there,i spent a long time to answer your questions in depth,damm pc,s,if i can find the time and inclination to do again i will,
Quoting diceman555
LISTENING TO MY INNER SELF I have developed an almost perfect entry system, using past data,and calculating human behavioral patterns the ingrained programmed math inherent within us all is fact,regardless to the opposite belief of free will. every candle or moment of time holds information as to the outcome and response to the actions of the next moment in time the high,low open and close contain that information,the average and the outcome ,the possible high and low. using the market change and momentum from that change is paramount in...
Hi William

I have been reading and reading this post over and over, trying to make some sense of it. Would you mind explaining a little bit
more about your thought process behind that statement.

Ivan
Quoting hallodaar
{quote} Hi William I have been reading and reading this post over and over, trying to make some sense of it. Would you mind explaining a little bit more about your thought process behind that statement. Ivan
hi ivan,

im a life long chelsea fan so kudos to you,

sorry for my lack of time to reply in depth but i will when i can,

a quick example,todays trading.look at the monthly averaged from past data.reaction at that level,lead candle from 15 min chart for example i would trade from 1 min.bias off the big average.lead has a inherent cycle which is 71 level.its bias as the cycle can complete both ways,not prediction but ingrained in our make ups.now if you look at those levels with all the average levels there would be some convergence to around that point.orders at averages,bias from the average and what ever tool can show money moving for entry with momentum.price will move to the level of the cycle completions especially when they converge,this repeats all day every day.
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