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Simple Scalping

  • #681
  • Feb 6, 2018 6:50am Feb 6, 2018 6:50am
Quoting Patje
{quote} hey Sam, very nice one i got in after the pullback and got me +100 pips. btw what happened to your TE? you did so great. I think Jenx has gold in his hands with his method.....
Yes, the UJ did just what we wanted to do

I linked an aggressive expert advisor on my TE , completely went south gonna remove it now so we do not confuse new readers.

Jenx strategy is working fine with me as I trade it on real funds now but , I have it on myfxbook under S55 if you want to follow it

Best of luck!
What goes up will come down...
  • #682
  • Feb 6, 2018 7:02am Feb 6, 2018 7:02am
Keep this under your radar , signaling a short on both TF H1&H4
I will enter only after seeing a bearish candle on H1
What do you guys think?
Attached Image (click to enlarge)
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What goes up will come down...
  • #683
  • Feb 6, 2018 7:29am Feb 6, 2018 7:29am
Quoting sam68
{quote} Yes, the UJ did just what we wanted to do I linked an aggressive expert advisor on my TE , completely went south gonna remove it now so we do not confuse new readers. Jenx strategy is working fine with me as I trade it on real funds now but , I have it on myfxbook under S55 if you want to follow it Best of luck!
Real nice, i will follow it..... do you use this system only on higher TF?

i was just waiting at usdchf, i got in.... we will see how it turns out.

The system Jenx gave us is quiet diverse i think, i will try some nice longer term setups, but prefer to learn to scalp with high win ratio. If it works long term and short term, you have a complete strategy. Do you also use Jenx's S/R?, It works great I think....

BTW thanks Jenx for sharing, you're amazing...merci
  • #684
  • Feb 6, 2018 8:36am Feb 6, 2018 8:36am
+ 12 in 3 minutes
Attached Image (click to enlarge)
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  • #685
  • Feb 7, 2018 8:54am Feb 7, 2018 8:54am
Not been on here for a while.
Hope its all working well for you.
I gave up on my S & R experiment.Was still trading this method daily alongside. Scalping is definitely the ticket.
Just be in the market when you want to be.
Where price is now, it has been before, and will be again.
  • #686
  • Feb 7, 2018 9:12am Feb 7, 2018 9:12am
Just a pointer for those of you struggling with the subjective element of this strategy.
Switch to the next tf up, and mark the nearest S or R above or below.
Switch back to your trading tf, and if multiple signals are being generated (ie price riding the bands) look at taking a signal nearer to the line of S or R
Where price is now, it has been before, and will be again.
  • #687
  • Feb 7, 2018 9:51am Feb 7, 2018 9:51am
we can try and improve on entries and exits
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPAUDM1.png Size: 48 KB
  • #688
  • Edited 4:22am Feb 8, 2018 3:48am | Edited 4:22am
Quoting Jenx
Just a pointer for those of you struggling with the subjective element of this strategy. Switch to the next tf up, and mark the nearest S or R above or below. Switch back to your trading tf, and if multiple signals are being generated (ie price riding the bands) look at taking a signal nearer to the line of S or R
Is this what you mean Jenx? came from 15M R zone...

nice 8.5 pips

I also took the second one from that zone...nice 9.2 pips
Attached Image (click to enlarge)
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  • #689
  • Feb 8, 2018 4:27am Feb 8, 2018 4:27am
Quoting Patje
{quote} Is this what you mean Jenx? came from 15M R zone... nice 8.5 pips {image}
Yes precisely. However on your chart a signal doesn't appear to have been generated, but it should have been. Are your bbs set correctly?
Where price is now, it has been before, and will be again.
  • #690
  • Feb 8, 2018 5:21am Feb 8, 2018 5:21am
Quoting Jenx
{quote} Yes precisely. However on your chart a signal doesn't appear to have been generated, but it should have been. Are your bbs set correctly?
your absolutly right Jenx....i had the 25 bb settings, i changed it... Merci Jenx
  • #691
  • Feb 11, 2018 2:46am Feb 11, 2018 2:46am
Quoting maxwell-eqtn
we can try and improve on entries and exits {image} {image}

Hi Maxwell-eqtn
What kind of indicator are you using that is showing the white dashed lines? Thanks.
  • #692
  • Feb 12, 2018 5:45am Feb 12, 2018 5:45am
Quoting Jenx
Just a pointer for those of you struggling with the subjective element of this strategy. Switch to the next tf up, and mark the nearest S or R above or below. Switch back to your trading tf, and if multiple signals are being generated (ie price riding the bands) look at taking a signal nearer to the line of S or R
Great tips, Jenx! For me, the most important thing is finding the structure first and then the signal from indicator in M1. I personally use TMA in the past, but I found BB really helps in finding the best entry at this micro structure level.

There will be LESS subjectivity when we've nailed the correct SR structure across multiple TFs and trade with M1 setup. (I use 5 TFs: H1, M30, M15, M5 and M1).
  • #693
  • Feb 14, 2018 4:50am Feb 14, 2018 4:50am
Hey. Good thread. What is ECN broker? Specifically name of the broker, please? Thanks.
  • #694
  • Feb 15, 2018 5:39am Feb 15, 2018 5:39am
Quoting Aqwerk
Hey. Good thread. What is ECN broker? Specifically name of the broker, please? Thanks.
Hi Aqwerk,

probably no one will recommend a broker name in public as FF admins could label him "commercial"
If you are recent joiner to forex arena , I urge you not to rush with real funds and practice as much as you can till you are consistently making profits
ECN broker connects you directly to the market , research in google and you will find good ones. or DM me

Best of luck
What goes up will come down...
  • #695
  • Feb 15, 2018 1:56pm Feb 15, 2018 1:56pm
Quoting Patje
{quote} Real nice, i will follow it..... do you use this system only on higher TF? i was just waiting at usdchf, i got in.... we will see how it turns out. The system Jenx gave us is quiet diverse i think, i will try some nice longer term setups, but prefer to learn to scalp with high win ratio. If it works long term and short term, you have a complete strategy. Do you also use Jenx's S/R?, It works great I think.... BTW thanks Jenx for sharing, you're amazing...merci
Hi Patje, Sorry for late reply

I use on M15 , H1 , H4 ( seldom on M5 and never M1) , this is what I am comfortable with really , the more TF syncing you have the higher probability it is and if you catch the price loitering around S/R then you have a bull's eye so go for it!

Thanks & Best of luck to all!
What goes up will come down...
  • #696
  • Feb 16, 2018 3:05am Feb 16, 2018 3:05am
Quoting sam68
{quote} Hi Patje, Sorry for late reply I use on M15 , H1 , H4 ( seldom on M5 and never M1) , this is what I am comfortable with really , the more TF syncing you have the higher probability it is and if you catch the price loitering around S/R then you have a bull's eye so go for it! Thanks & Best of luck to all!
Hey Sam, i really like the s/r method i'm expirementing with it at the moment. I also like to be in the moment and get out when i am finished. about the trades close to the s/r zones are great, but if price isn't near them, i get to many bady signals. So i'm working on that. for now i identify these lines on the smaller timeframes and trade the bounces on 60 tick charts, till now works pretty well. and quiet fast some pips in your pocket... thanks for your reply.

How is it working for you on higher TF?
  • #697
  • Feb 20, 2018 2:11am Feb 20, 2018 2:11am
Quoting Jenx
{quote} Yes precisely. However on your chart a signal doesn't appear to have been generated, but it should have been. Are your bbs set correctly?
Hey Jenx, i changed my bb settings to 20 again, but i am not sure if there are corrert because in you first post you mentioned 25. wich one do you prefer?
  • #698
  • Feb 20, 2018 3:58am Feb 20, 2018 3:58am
Quoting Patje
{quote} Hey Jenx, i changed my bb settings to 20 again, but i am not sure if there are corrert because in you first post you mentioned 25. wich one do you prefer?
Hi
No, I have mine set at 25 with a standard deviation of 2, set to close
Where price is now, it has been before, and will be again.
  • #699
  • Feb 20, 2018 8:29am Feb 20, 2018 8:29am
Dear Jenx，

Great work, Thanks! good day!

Yu
  • #700
  • Mar 4, 2018 8:00pm Mar 4, 2018 8:00pm
Hello All
Im new to this thread and have reviewed it with interest. Its good to know that what makes it all tick is the common denominators PA and psychology...
Jenks thanks for giving me an opportunity to improve.

The attached UJ chart is my first trade. After setting a support level (the 3 candles thingy) at 105.446 I made an entry and came out on the M1 MA level and made about 7 pips. Next time will show my entry position.....beginners luck I guess.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 74 KB
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