LogiTech (M15 Scalp Idea) | Forex Factory

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LogiTech (M15 Scalp Idea)

  • #1
  • First Post: Edited Oct 17, 2018 6:26am Aug 15, 2018 3:45pm | Edited Oct 17, 2018 6:26am
Hello Traders,

Since August is my birth Month, I have decided to share my M15 scalping Idea.. I named the system 'LogiTech' because it's actually Logical and Technical

(I do not own these indicators attached so credits goes to the coders)
I have tried painting a picture as to how my system works...


1. When inserting the 'SR Numbers', Go to Inputs and change all 'DimGray' to None so only major support and resistance are visible for use (See Picture).
2. Bands = Default . (You can change the colors and hide the median line to look like mine)


NOTE: All trades are 15pips STOP LOSS
Targets varies depending on how far the next SR is (You can close at BE)

List of Pairs: EU, AU, UC, CADJPY, N/JPY

I will post new trades in the morning to further explain..
  • #2
  • Aug 16, 2018 12:48am Aug 16, 2018 12:48am
Idea for CADJPY

Hope we get an entry on this one..
Currently waiting for EU to reach second target at 1.14200 ... bought the lower band (Was too sleepy to post)
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM15.png Size: 125 KB
  • #3
  • Aug 16, 2018 1:02am Aug 16, 2018 1:02am
Idea for UC
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 126 KB
  • #4
  • Aug 16, 2018 1:59am Aug 16, 2018 1:59am
Dear JayBag,

Thank you for sharing your system with FF. I was wondering if you would normally take the first entry or do you wait for the safe entry?

If you take the first entry and 15 pip SL is hit, do you take another position from safe level?

I am also wondering what do you use the bands for?

Kind Regards,
Tzamo
"Work hard, put in the effort, and follow your dreams..." -Me
  • #5
  • Aug 16, 2018 2:20am Aug 16, 2018 2:20am
Quoting tzamo
Dear JayBag, Thank you for sharing your system with FF. I was wondering if you would normally take the first entry or do you wait for the safe entry? If you take the first entry and 15 pip SL is hit, do you take another position from safe level? I am also wondering what do you use the bands for? Kind Regards, Tzamo
Hi Zamo,

I don't wait for safe entry.. I use the BB for entries..
on a buy setup, I buy the lower band and on a Sell setup, I sell the upper band..

Hope this answers your question
J
  • #6
  • Aug 16, 2018 2:22am Aug 16, 2018 2:22am
Idea for NJ
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYM15.png Size: 121 KB
  • #7
  • Aug 16, 2018 3:58am Aug 16, 2018 3:58am
Jaybag my man!

Thanks for sharing! Will definitely stay in contact to let you know how it goes! It is traders like you that give people hope in Forex!

Hopefully we can meet sometime!
I am still a NOOB!!! Damn, there goes another 10 pips!
  • #8
  • Aug 16, 2018 4:38am Aug 16, 2018 4:38am
Quoting Icebot53
Jaybag my man! Thanks for sharing! Will definitely stay in contact to let you know how it goes! It is traders like you that give people hope in Forex! Hopefully we can meet sometime!
Thanks for stopping by M..
Pls let me know what you think after further testing..
  • #9
  • Aug 16, 2018 5:58am Aug 16, 2018 5:58am
thanks for the great stuff jay how do you use the set up machine on the chart in your trading. Thanks again, Bob
  • #10
  • Aug 16, 2018 6:08am Aug 16, 2018 6:08am
I know you did not list cable on the pairs but there was just a buy setup there could you take a look on your charts to see if it was the same. thanks, Bob
  • #11
  • Aug 16, 2018 6:21am Aug 16, 2018 6:21am
Quoting pquirst
I know you did not list cable on the pairs but there was just a buy setup there could you take a look on your charts to see if it was the same. thanks, Bob

Hi Bob,

GBP tends to go rogue
Exactly why I did not cover that pair...

J
  • #12
  • Aug 16, 2018 6:33am Aug 16, 2018 6:33am
thanks
  • #13
  • Aug 16, 2018 7:00am Aug 16, 2018 7:00am
Trading system looks good,you need plenty RAM,its intensive on your PC.....USDCAD having a nice setup all now.Thank you for sharing seems as though this setup keeps you on the right side of the market.
  • #14
  • Aug 16, 2018 7:33am Aug 16, 2018 7:33am
Quoting JayBag
Idea for CADJPY Hope we get an entry on this one.. Currently waiting for EU to reach second target at 1.14200 ... bought the lower band (Was too sleepy to post) {image}
SL hit -15
  • #15
  • Aug 16, 2018 7:42am Aug 16, 2018 7:42am
Idea for UC...

Only gave first target on previous sell and got stooped out on second order...
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 120 KB
  • #16
  • Aug 16, 2018 7:55am Aug 16, 2018 7:55am
I see nzd jpy was close to a buy at bottom band is that correct
  • #17
  • Aug 16, 2018 8:10am Aug 16, 2018 8:10am
Quoting pquirst
I see nzd jpy was close to a buy at bottom band is that correct
Yes, that's correct.. from entry, 15pips SL is required
  • #18
  • Aug 16, 2018 8:24am Aug 16, 2018 8:24am
Quoting scsstnt
Trading system looks good,you need plenty RAM,its intensive on your PC.....USDCAD having a nice setup all now.Thank you for sharing seems as though this setup keeps you on the right side of the market.
True it requires a lot of RAM.. currently have a 8Gig laptop so no much hassle ..
Being on the right side of the force helps alot..
  • #19
  • Aug 16, 2018 11:07am Aug 16, 2018 11:07am
Quoting JayBag
Idea for NJ {image}
Target hit.. +30
  • #20
  • Aug 16, 2018 11:13am Aug 16, 2018 11:13am
Waiting for a BUY setup which seems fair..
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM15.png Size: 114 KB
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