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scalping template tma

  • #21
  • Jul 7, 2017 12:45am Jul 7, 2017 12:45am
Quoting djms
{quote} hmm trading trendlines and sr trading for bout 2 years, this template simplifies the process a bit more - id say its the hottest scalping strat there is cause your waiting on retraces in the current momentum, anyone already downloaded can see this from last nights asian session sl 10-15 the trick is to get it as tight as possible but still avoid whipsaws, take profit when price hits opposite band or if price comes to lower band in uptrend the 1hr chart you could think about trailing your positions or close part of your position on first...
Djms,

Thanks for the generosity in giving the strategy...

May i ask, is there any need for Supply and Demand Zones and Pivot/Resistance....

I mean, can one trade just using the TMA band, Moving Average and Macd ignoring the other add-ons?

Thanks
  • #22
  • Jul 7, 2017 1:17am Jul 7, 2017 1:17am
Does the Tma repaint ?
  • #23
  • Jul 7, 2017 1:24am Jul 7, 2017 1:24am
Quoting metta87
Does the Tma repaint ?
Yes. Repaint or recalculate. Whatever you wanna call it these days.

D.
  • #24
  • Jul 7, 2017 1:37am Jul 7, 2017 1:37am
Any recommended market session to trade your method? Do you care about news?
  • #25
  • Jul 7, 2017 2:41am Jul 7, 2017 2:41am
Quoting aaven
{quote} Djms, Thanks for the generosity in giving the strategy... May i ask, is there any need for Supply and Demand Zones and Pivot/Resistance.... I mean, can one trade just using the TMA band, Moving Average and Macd ignoring the other add-ons? Thanks
yes one can do what one wishes

you dont need the supply/demand indi.
  • #26
  • Jul 7, 2017 2:47am Jul 7, 2017 2:47am
Quoting Harrisonl
Any recommended market session to trade your method? Do you care about news?
as i trade only jpy then best session for me is asian, 1-2 hrs after it opens sees nice volume. any other normal trading day as well - just try to avoid choppy markets and keep switching to higher time frames, if the price is hanging out of bands on higher time frame be careful trading continuation as price likes to find its way back to middle of bands. not every trade will be a winner as the trend changes obviously so the best trades are the first signals you get when the price crosses if that makes sense

below screenshot aud/jpy do not take this long as you already had about 10 trades up and price is hanging out bands on higher time frames so sit on hands at this time
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  • #27
  • Jul 7, 2017 3:00am Jul 7, 2017 3:00am
djms , good thread bro

if we use m5 , and m15 time frime , how much possibilty average tp we should take?

Thx bro
  • #28
  • Jul 7, 2017 3:03am Jul 7, 2017 3:03am
Quoting djms
{quote} yes one can do what one wishes you dont need the supply/demand indi.
Thanks Djms.

You mention about the bands repainting a bit, but The crosses, do they repaint?
  • #29
  • Jul 7, 2017 3:04am Jul 7, 2017 3:04am
or not haha, still made its target, i guess just keep hitting it until you burn then look for opposite direction, this shows another example where you can stack up your points fast by opening multiple positions turning a 5 point move into a 20 point move
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  • #30
  • Jul 7, 2017 3:08am Jul 7, 2017 3:08am
Quoting aaven
{quote} Thanks Djms. You mention about the bands repainting a bit, but The crosses, do they repaint?
you can adjust the bands yourself to find the best setting, i think this one works best, only take candles that hang out the bands and give cross straight away forget about the ones that might appear afterwards when the bands repaints a little.
  • #31
  • Jul 7, 2017 3:10am Jul 7, 2017 3:10am
Red and white crosses are repained with the main TMA band. They just disappear when band changes, so do not look at this beautiful charts backwards.
Do you average your position or use hard SL for every single cross (trade)? And what is SL 10-15 SL for you? I have 6-12 spread on my ECN for USD/JPY. Maybe you mean 100-150 SL for 5 digits brokers?
  • #32
  • Jul 7, 2017 3:10am Jul 7, 2017 3:10am
valid trade set up here so just hit it then when price reaches the upper band close the position , in this case you might have broken even, close trade anyways and look for next set up
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  • #33
  • Jul 7, 2017 3:18am Jul 7, 2017 3:18am
an example here of when to stop stacking trades, some red crosses appear when price is under ma and macd is red. dont over trade
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  • #34
  • Jul 7, 2017 3:22am Jul 7, 2017 3:22am
example here when we have all valid signals, the bands did not repaint , each pop outside the upper band resulted in winning trades.

at this point we got high impact news in 10 mins so time to make a coffee and talk to cat
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  • #35
  • Jul 7, 2017 3:22am Jul 7, 2017 3:22am
Quoting djms
{quote} you can adjust the bands yourself to find the best setting, i think this one works best, only take candles that hang out the bands and give cross straight away forget about the ones that might appear afterwards when the bands repaints a little.
Djms,

So this is what i understand; Wait for the candle to breach{ideal is to close} beyond the candle. The candle opposite to the momentum will trigger a cross.As long as the opposite candle is forming, the cross may disappear/repaint as it is still in play. Once the opposite candle is closed/cross we enter. Is this correct?

Thanks
  • #36
  • Jul 7, 2017 3:28am Jul 7, 2017 3:28am
Quoting Dezil
Red and white crosses are repained with the main TMA band. They just disappear when band changes, so do not look at this beautiful charts backwards. Do you average your position or use hard SL for every single cross (trade)? And what is SL 10-15 SL for you? I have 6-12 spread on my ECN for USD/JPY. Maybe you mean 100-150 SL for 5 digits brokers?
with a 6-12 tick spread on usdjpy then its either time to find a new broker or look to trade this template on a higher time frame?

i use hard stops. gbpjpy is my most volatile pair so i;ll sometimes adjust that to 15 points but no more. if you take a hit just wait for next set up.
  • #37
  • Jul 7, 2017 3:38am Jul 7, 2017 3:38am
Quoting djms
{quote} with a 6-12 tick spread on usdjpy then its either time to find a new broker or look to trade this template on a higher time frame? i use hard stops. gbpjpy is my most volatile pair so i;ll sometimes adjust that to 15 points but no more. if you take a hit just wait for next set up.
Thanks for the anwer. What spread do you have or reccommend for m1 trading? Is your account spread+commission?
  • #38
  • Jul 7, 2017 3:38am Jul 7, 2017 3:38am
example here of stacking and holding, 10 valid set ups. average length of move 70 points. 700 points in 1 hr hmmmm
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  • #39
  • Jul 7, 2017 3:46am Jul 7, 2017 3:46am
Quoting Dezil
{quote} Thanks for the anwer. What spread do you have or reccommend for m1 trading? Is your account spread+commission?
my spread is 1.2 just now for uj, only jumps up above 2 when market opens after the weekend, there;s no commission i dont think haha - pretty sure its only spread
  • #40
  • Edited 4:15am Jul 7, 2017 4:04am | Edited 4:15am
Quoting djms
{quote} my spread is 1.2 just now for uj, only jumps up above 2 when market opens after the weekend, there;s no commission i dont think haha - pretty sure its only spread
I think we missunderstood each other. 1.2 means 12 I think
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