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Simple Scalping

Congrats Jenx. Thanks for sharing to brilliant method.

Only reminder,
Scalpers should check s/r and trendlines condition ( HTF ) as Jenx said. And dont jump&take all of trade opportunities. If ve not any trade/risk/money management plan, dont try to scalping.

Stay green !
Working,to be the best !
attached
Quoting ls007
HI srcs76, bravo, nice trades & profit, also like colors on you charts, max you please post template?
Attached File(s)
File Type: zip Simple Scalping_srcs76.zip   187 KB | 1,600 downloads
Quoting srcs76
attached {quote} {file}
Nice work
Where price is now, it has been before, and will be again.
Really a neat introduction and a super neat system.

Subscribed

Guido
The future(s) is mine!Risiko birgt immer auch die Chance.
srcs76, thank you.
jenx, are these 2 latest S and R lines of GU drawn correct?
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I know that you and I know nothing...and don't think!
Quoting birdland
jenx, are these 2 latest S and R lines of GU drawn correct? {image}
Yes, they're fine on the M15.
I tend to then drop down to the M1 to refine the level, so it then looks like this on an M1 chart
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Where price is now, it has been before, and will be again.
Quoting Jenx
{quote} Yes, they're fine on the M15. I tend to then drop down to the M1 to refine the level, so it then looks like this on an M1 chart {image}
i understand, interesting, thx!
I know that you and I know nothing...and don't think!
Excellent Read, no BS, just straight forward common sense.

Will play with it tomorrow, and see if I can win a few.
Nice and simple system.

I think that with the right mm you can earn a few pips ;-)
Ive downloaded the template from srsc
i`ve got a question, in the right upper corner you see the name of the pair ( for excample EU/USD ) and a number right know -5,6 sell

Can you explain how that works ?

Greetings Erwin
Only Currency Strength meter
Quoting thedutchmen
Nice and simple system. I think that with the right mm you can earn a few pips ;-) Ive downloaded the template from srsc i`ve got a question, in the right upper corner you see the name of the pair ( for excample EU/USD ) and a number right know -5,6 sell Can you explain how that works ? Greetings Erwin
Thanks very much for the thread.

Will follow.
Quoting kleybenny
{quote} Thank you for sharing One question: What do you mean with "Keltner Channels 30 : 1.5 : Exponential"? I think Keltner Channel with period 30 and k value of 1.5 right? And expotential MA mode. Can you recomment or even share a MT4 Keltner Channel indicator with this input possibillities? Because in the one I have I can only change the period. Thank you
i dont get the keltner channel setting you mentioned properly can you please give a clear explanation on the setting you make use off
Quoting Jenx
{quote} ...Well if you look where I've put red arrows, you'll notice that each of those bars comes after a period on consolidation. You'll also notice that the high of the bar was never re-visited by the low of the 3rd bar after. This creates a "gap" made by the 2nd bar.The wider the gap, the more significant. It creates support/resistance ,because what you have there are traders who have been left behind by the move. They're now sweating it out, and all they want to do is get off the ride. As soon as price comes back there, they'll unload their...
Well I don't trade anything less than H4 but just this post is worth a million. Look at the attached chart, EURUSD H4 and see the arrow and then the check sign where price reversed after 247 pips retracement.

Thanks for sharing this gem.

Kind Regards,
Blackeagle
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...and this week, same chart, same tf. Beautiful short with minimum SL, magnificent RR.

Kind Regards,
Blackeagle

ps. I hope I got it right what you taught
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  • Post #96
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  • Edited 2:02am Sep 14, 2017 1:51am | Edited 2:02am
Quoting Blackeagle
...and this week, same chart, same tf. Beautiful short with minimum SL, magnificent RR. Kind Regards, Blackeagle ps. I hope I got it right what you taught {image}
Yes. I think its a much better way of spotting s/r than the normally arbitrary way which often just depends on how the trader is viewing the chart.
In fact its extremely accurate most of the time. Funny you should write this as yesterday, with not much going on, I set up 20 odd H4 charts with this method of S/R !
What I have found is that sometimes you need to watch what happens at the high/low of the 1st candle when price returns.
Obviously supply will be at different levels along that candle and if the PA struggles to go any higher/lower then the high low that's also good indication of reversal ( as in the last high on your chart).
Good luck and glad you've found it useful.
Where price is now, it has been before, and will be again.
Yeah, trading is simple.
All you need is 3 things.

1. Trend
2. Signal to entry
3. Exit

Fibonacci expansion is a great tool for exit, try it.
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Quoting juhanimi
{image}
Thank you Juhanimi. Your charts looks quite interesting. Could tell us please, which indicators you use?
the only place success comes before work is in the dictionary
Ben1 Return This Week: 0.3%
Quoting kleybenny
{quote} Thank you Juhanimi. Your charts looks quite interesting. Could tell us please, which indicators you use?
Keep that elsewhere guys, we have a thread and a template to stick to on post #1

Taken my first entry from this system - I need to be a little more picky with my entries. I entered early and price didn't close outside the BBs so it wasn't an optimal entry.

Price did move in my favor for a little bit but failed to make new highs so I've decided to close the trade and walk away with a small profit.

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