Pips Du Jour

Here's my latest system. Please post your comments and questions
as I am looking to improve it.

This is a 5-Minute system for scalping/day-trading.

How do you know it's profitable? Do you have statistics?

Hi Craig. Its a system under development and has no track
record.

Fair enough, I'll rephrase the question, what leads you to believe it has promise?

well it uses tried-and-true indicators (moving averages, TD seq, MACD)
in a logical way , and has specific instructions. I honestly dont know
if it works but I'm experimenting with it.

Oh well, I guess we will find out!

too confusing!

which part? I think it is pretty simple.

hello ChesterB
can you please share me your template?

thx

Sure, no problem...

thanks alot

It seems the indicators have some bugs.....

yeah the thing doesnt repaint correctly always unless you re-apply it...its just a cross over i got from online, i havent had time to redo it, but it works if you reapply it... the chart you posted isnt a signal because it has wrong order when crossing over

Even if the MAs are in the wrong order, should one enter once they align correctly as seen in the chart?

I have an interest in ZIGZAG, but it does not seem it can be reliable. The ZIGZAG line would slope downward at a particular point, eg., several candles before the current candle, and then hours later, the ZIGZAG line would extend further downward than where it is now. How can one actually use it to give clues to enter/exit?

Do you have some statments of your trades? scalp is always complicated because of brokers but... i think this TS is good , maybe put others filters.

Best Regards,
Marcelo Marques

You can on your discretion...You will get more trades this way.
However if you wait for a proper signal, it stands to reason
that this is a higher probability trade because the short term
price action was out of synch with the other EMAs and should
now correct.

Yeah I'm bumping a thread from 2008.

If anyone is looking for a system that will give you an excellent timing for an entry, this is it. Skip all the indicators - trash them. Only use the 4 moving averages on the 5 min time frame...powerful.

That's your trade entry and you can be confident in it provided you are waiting for the moving averages to line up...your impatience will cost you. Wait for them to line up and don't second guess it - it's solid.

Exit? I recommend researching simoneguy. She will show you how to use your Fibs and where to put them on your chart.

You probably don't realize it yet but you were just handed the formula to seriously enhance your life financially. Entry and exit and when to do both...blend the two systems on the 5 minute.

Congratulations, you've found what you've been looking for.

If MA's were the answer we'd all be millionaires