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xPip Simple Scalping

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  • First Post: Jul 17, 2007 10:30am Jul 17, 2007 10:30am
Thanks for posting this method xPip.

My question: which pairs do you look at for this method? I see you've posted charts of the gbp/usd, eur/usd and usd/chf - any others?
Could someone write a MT4 indicator (preferably with audible alarm when red/blue lines crossed) for Xpips system??

Thanks again to Xpip for posting... very nice!!
Did a search for the indicator and could not find it...
If anyone has it, could you PLEASE update it?

Thanks!
Hi, xPip
First thanks a lot for your posts and for this very interesting system.
Questions about the moment you post your orders ?
1) Do you wait for the close of the FIRST H1-Candle ?
2) Do you wait for the close of the H1-candle (blue/red) which crosses the blue/red line ? or do you "straddle" at the end of the first H1-candle of the session ?

TIA
Regards

Arnaud - BF
BigBlackfeet Always on the(forex) war path !
When you say "session" do you mean the London open every day? Judging by the charts, it looks like you are starting on Sunday evening 6PM EST.

Thanks,
Tom
Are yhere certain pairs you trade at certain session opens?
Do you enter on the 1st forming 60 min candle of the session open, or wait to see where the 1st 60 min candle closes?

Quoting xPiP
http://i16.tinypic.com/4kmsz1i.jpg

You want to scalp for a net 2 or more pips?

It is simple.

Almost without fail, currencies will move a minimum number of pips away from the session open price.

White line - session open price.

Blue line - go long + .0004 from open

Red line - go short - .0004 from open

Yellow line - 6 pips gross profit from entry lines.

If the 60 minute candle is green at the blue line, go long.

If the 60 minute candle is red at the red line, go short.

Just look at the chart and you'll see the profit.

It's like this everyday, on the London, NY and Sydney sessions.

No squiggly lines needed.

http://i15.tinypic.com/6ficnkn.jpg

Same setup for the GBPUSD.

This has a success rate that exceeds 70%.

All you have to do is manage the money.

Never lose more than 7 pips on a trade.

http://i15.tinypic.com/522ox3n.jpg

Same setup for USDCHF.

The Sydney session (2 pm PST) was used for the last 3 charts.

http://i10.tinypic.com/5yn89ck.jpg

Here's the USDCHF using the NY session (5 AM PST) open price.

See the pips?

http://i15.tinypic.com/61l9qg7.jpg

Final pic of USDCHF using London session (12 AM PST) open price.

You can net 2 pips or more with this at least once per session, every trading day.
Is this another method to be given up on or is the thread starter no longer lurking the forums would like to hear if anyone is using it. I mite play around with small lots to see if it has any meret
0, 1, 1, 2, 3, 5, 8, 13, 21
Hi every one is asking about your startg. when and how u draw lines (blue red white yellow) I think at the begining at market open nY Lond Asia and then what ???????????/// after the 1st hr candle closed to see what touch what??? Please relpy.
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
guys, read the third post on this page...

http://finance.kolachi.ca/forex/foru...&start=75#wrap

Im not sure if Im supposed to be doing that. If its not ok, please delete this post.
Quoting nhallmark
guys, read the third post on this page...

http://finance.kolachi.ca/forex/foru...&start=75#wrap

Im not sure if Im supposed to be doing that. If its not ok, please delete this post.
yeap..... thanks
xpip...

how is TS?
Quoting hanz
xpip...

how is TS?
I think he got banned again from FF.
hi there, there was a call for the trend line break alert? or maybe something a bit different. The TLAudio alerts and sound files are at this page. Also there is an FF thread where we discussed the use of the session indicator. I have many of them in this folder. Look for the ones with "Breakout" and then the session name such as "London" or "Frankfurt"...you can adjust them to any segment of the trading day you wish. Many of these tweaks with "ATM" in front are simple mods i created from the original "Breakout Box" which you will also find in that directory. Also, doing a search here at FF for Breakout Box will yield lots of solid info on the indy.

Hope that helps.
: ) Thom
If I'm interpreting this method correctly, it shows a lot of promise.

I've spent some time looking back on charts and you almost always hit your profit target on the opening 1H bar- I haven't seen a stop out yet.

The Sydney session opening (2100 GMT)looks pretty dead but the London and New York session openings always have activity.

I would like to know more about this.
The link to Kolachi that someone posted doesn't work.
how long do u trade this one and what are the results ?
nobody ????
Quoting Mike59
nobody ????
xpip was banned. you can go to his site...kreslik.com where he is called "the rumpled one" for more info
http://i147.photobucket.com/albums/r...rs/BuyZone.jpg


An easy 5 or 6 pips with the BuyZone. These types of trades happen every hour or two on the Yen$ and the other currencies. Easy money...

Thanks TRO!

Edward
can someone please post this indicator?

Quoting salvar
http://i147.photobucket.com/albums/r...rs/BuyZone.jpg


An easy 5 or 6 pips with the BuyZone. These types of trades happen every hour or two on the Yen$ and the other currencies. Easy money...

Thanks TRO!

Edward
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