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Dynamic Scalp System

  • #81
  • Sep 24, 2014 6:51am Sep 24, 2014 6:51am
will US news send EU to 12770 - 12750 area? or bounch back to 12900 or above?

time will tell...
While knowledge speak up, the wisdom listen down
  • #82
  • Sep 24, 2014 7:10am Sep 24, 2014 7:10am
Quoting jackenorme
{quote} thanks again sam, i prefer to use S/R too than volume. i like watching the result of your trades, seems have a very high winning percentage. happy pipping.
well, jack if you like will be appreciate to see your tought abt S/R here...

what i see S/R help me scale out level of TP/SL even fakeout happen.

and nice to add enrty on S/R too...(my last UJ trade ). happy pipping too...
While knowledge speak up, the wisdom listen down
  • #83
  • Sep 24, 2014 9:07am Sep 24, 2014 9:07am
Quoting sam30
GU fake me out since yesterday ....damn always playing there ...not brave to up and fear to down... will close one entry or play hegde ...will see a moment {image}
GU fish on...like the plan....take a patience. Was suspect since yesterday
+20 pips (3 entry) and close before news...
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.png Size: 35 KB
While knowledge speak up, the wisdom listen down
  • #84
  • Sep 24, 2014 9:14am Sep 24, 2014 9:14am
Quoting sam30
will US news send EU to 12770 - 12750 area? or bounch back to 12900 or above? time will tell...
Well...well well,

miss the train on EU & UCHF, i suspect US news will drive the movement on EU/UCHF but happened before....this is what i believe "the market is always right" dont care what we think...

anyway +100 pips banked...

enough for today.

cheers
While knowledge speak up, the wisdom listen down
  • #85
  • Sep 24, 2014 9:41am Sep 24, 2014 9:41am
just for analysis ...

EU Price Action -between S/R horizontal & dynamic S/R

See PA break Support ....and potential entry(rectangle/box)...SL above 12855...we see next support @ 12805...good R:R as well

just courious ... what is the driven that move before news, maybe unpatience seller since they know bad or good US news will always rise.
Attached Image (click to enlarge)
Click to Enlarge Name: eu analisis.png Size: 33 KB
While knowledge speak up, the wisdom listen down
  • #86
  • Sep 24, 2014 8:46pm Sep 24, 2014 8:46pm
GU level to see...

what i see, GU will rubber at 16360 for short...so 16360 area is the key...above 16360 will be inside of H1 trendline(trend up) might continue up above 16400 level again.
Attached Image (click to enlarge)
Click to Enlarge Name: gulevel.png Size: 38 KB
While knowledge speak up, the wisdom listen down
  • #87
  • Sep 24, 2014 8:53pm Sep 24, 2014 8:53pm
hope will catch +10 pips on GU in asia session...

TP just 10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GU assia.png Size: 28 KB
While knowledge speak up, the wisdom listen down
  • #88
  • Sep 25, 2014 7:45am Sep 25, 2014 7:45am
Quoting sam30
GU level to see... what i see, GU will rubber at 16360 for short...so 16360 area is the key...above 16360 will be inside of H1 trendline(trend up) might continue up above 16400 level again. {image}
Helped by S/R analysis...1st entry loss because PA even not rubber as expected....and dynamic S/R continue down....to 12880 (see picture)...


Note:
since less interested in this system...i will post only weekly result or monthly result (with picture documentation as trading journal).

always green, everyone

TQ
While knowledge speak up, the wisdom listen down
  • #89
  • Sep 25, 2014 12:48pm Sep 25, 2014 12:48pm
Sam ,

Certainly this system is interesting and simple
How do you arrive at the horizontal support lines
Do you trade only certain time of the day
what pairs do you trade
  • #90
  • Sep 25, 2014 9:22pm Sep 25, 2014 9:22pm
Quoting connect_ananth
Sam , Certainly this system is interesting and simple How do you arrive at the horizontal support lines Do you trade only certain time of the day what pairs do you trade
Hello Ananth ..welcome,

i hope this expl will answer your Q and others...

Market behaviour :
1. up trend, down trend, range (every TF) so the history will always repeat itself BUT....the movement always dymanic...around S/R area...sometimes hold, reject, break (no matter price movement We can always anticaped our trades
2. so, by analysis what price doing around S/R area only we get advanced to see what market prevered...then no indi needed and our decision will quick and no doubt..
3. by all this asumption, teorically we NEVER loss, floating loss might happen BUT by mastering this simple method minimal we at BEP...only when market didnt respect S/R anymore we will loss.

so S/R horizon derived from H4 , H1, M15, M5 and only daily pivot in add. the rest is S/R dynamic EMA...

Note: i am very love to trade in simple method, clear chart and high profit...

thats all

TQ
While knowledge speak up, the wisdom listen down
  • #91
  • Sep 25, 2014 9:43pm Sep 25, 2014 9:43pm
further add for previous post...

as example my GU trade (post 86-87)...in post 86 clear point next s/r when the price attract to move both down, up(we dont really care)...then make a plan and back up plan...

post 87 ...GU take buy hope for rubber around 60 then down...didnt happen as expected...but we can see next seller target ..so when we not emotional and logical enough we should be anticiped that trades...whatever its we should fight to never loss.

many ways to fight--cut loss/take loss (see pages 1), hedge(see my UJ hegde example), or open opposite from first trade...as simple as that to follow market prefered

thanks
While knowledge speak up, the wisdom listen down
  • #92
  • Sep 25, 2014 9:52pm Sep 25, 2014 9:52pm
Quoting connect_ananth
Sam , Certainly this system is interesting and simple How do you arrive at the horizontal support lines Do you trade only certain time of the day what pairs do you trade
Time for trade...asia session (just take 1 or 2 entry only)---but avoid monday asia and NY friday.

favor to trade UJ, GU, EU, UCHF....then AU, NU....sometimes yen GJ, EJ or AJ...no cross yet.
While knowledge speak up, the wisdom listen down
  • #93
  • Sep 26, 2014 10:12pm Sep 26, 2014 10:12pm
example...
How S/R help...loss trade to be profitable...quick decision.

6 short entry based break support but flase break happen then 3 long in big profit
Attached Image (click to enlarge)
Click to Enlarge Name: EU revenge.png Size: 42 KB
While knowledge speak up, the wisdom listen down
  • #94
  • Sep 26, 2014 10:16pm Sep 26, 2014 10:16pm
another ...
turning loss to big profit...

before...
Attached Image (click to enlarge)
Click to Enlarge Name: uexxxbfr.png Size: 46 KB
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  • #95
  • Sep 26, 2014 10:17pm Sep 26, 2014 10:17pm
and after...

The point is... S/R analysis on PA as tools to never give loss easiely....
Attached Image (click to enlarge)
Click to Enlarge Name: eutxtaft.png Size: 40 KB
While knowledge speak up, the wisdom listen down
  • #96
  • Sep 26, 2014 10:32pm Sep 26, 2014 10:32pm
two simple element to boost both profit and equity...
1. know how turn lossing trade to be profitable.
2. know when to loading and/or add profitable entry.

how when loading entry on the right move then...
Attached Image (click to enlarge)
Click to Enlarge Name: EUlong01load.png Size: 59 KB
While knowledge speak up, the wisdom listen down
  • #97
  • Sep 26, 2014 10:41pm Sep 26, 2014 10:41pm
just joke...if you following dynamic scalp system, here is the score how to know your level .
since scalp mean close and open in same day ...so mean we have daily target in pips (how to calculate pips? ...see #1 post)

A+, if make 130 pips or more/day.
A , if make +100 pips/day.
B, if make +50 pips/day.
C, if make 20 pips/day.
D, if make BEP/day.
F, if loss that day.
While knowledge speak up, the wisdom listen down
  • #98
  • Sep 27, 2014 5:44am Sep 27, 2014 5:44am
[quote=sam30;7756468]If GU fall below 1.6370 , then my plan might work will see GU @ 6300 or even lower. hope will catch there [/quote

How S/R at 16400 on gu played key rule all the week movement...
While knowledge speak up, the wisdom listen down
  • #99
  • Sep 27, 2014 6:04am Sep 27, 2014 6:04am
By mastering price action around S/R area..will always get advantage for what will price move next..even wrong decision happen.
The key is always plan and make anticipate when unexpected happen...then the profit will come
While knowledge speak up, the wisdom listen down
  • #100
  • Sep 27, 2014 6:13am Sep 27, 2014 6:13am
My comment amid pros and cons abt play big lot size(high leverage)...if i plan to play big lots for let say 5-10 pips, i will play with dynamic scalp till get profit as guardian/stoploss...so my initial equity protected...just a tought.
While knowledge speak up, the wisdom listen down
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