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M5 USDJPY Scalping System in 3 steps

  • #121
  • Mar 12, 2018 5:34am Mar 12, 2018 5:34am
Quoting Torontoman
{quote} Hi Rusty, May I ask what do you mean by 5/2 ratio win?
Sorry, I should have probably said 5 wins, 2 losses. Following the overall trend is a must. Price action also shows the way but on M5 chart candles are unreliable. I use M15 or m30.
  • #122
  • Mar 12, 2018 5:39am Mar 12, 2018 5:39am
Quoting rustydavo
{quote} Sorry, I should have probably said 5 wins, 2 losses. Following the overall trend is a must. Price action also shows the way but on M5 chart candles are unreliable. I use M15 or m30.
Thanks for your answer. Are you going for 10 pips on the 15 minute and 30 minute?
  • #123
  • Mar 12, 2018 1:09pm Mar 12, 2018 1:09pm
Quoting Torontoman
{quote} Thanks for your answer. Are you going for 10 pips on the 15 minute and 30 minute?
Yes. Taking in mind the current 100 Days ATR of 70.4, you'd be brave to go for the 20. Your opportunities are limited and not within your decision making control.
  • #124
  • Mar 12, 2018 5:08pm Mar 12, 2018 5:08pm
Quoting rustydavo
{quote} Yes. Taking in mind the current 100 Days ATR of 70.4, you'd be brave to go for the 20. Your opportunities are limited and not within your decision making control.
Thanks for your quick response!
  • #125
  • Oct 8, 2018 11:34pm Oct 8, 2018 11:34pm

Just opened a group chat for open discussion. Read the rules and if you agree to follow them the you’re welcome to stay. I’ll share how to get the VoIP calls for EURJPY breakout there.
https://t.me/joinchat/EWwQGA89vLh0BOZT2foqZQ
Grind until you no longer have to introduce yourself. 4:30am club
  • #126
  • Oct 9, 2018 7:56am Oct 9, 2018 7:56am
Attached Image (click to enlarge)
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  • #127
  • Oct 9, 2018 11:43pm Oct 9, 2018 11:43pm
Hi Fxmd,

Thanks for sharing your strategy, I went through a lot of days to find out how it works for me and generally the results are positiv but just 1 or 2 more wins than losses. Would you mind to explain a bit more how you are using the additional filter you mentioned in your description, like channel, formation etc.?

I included one example from Oct. 4th in which I marked the 5 losses in orange and 6 wins in green.

Thanks a lot.

/Martin

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM5 041018.png Size: 47 KB
  • #128
  • May 24, 2019 6:55pm May 24, 2019 6:55pm
Quoting Maddin
Hi Fxmd, Thanks for sharing your strategy, I went through a lot of days to find out how it works for me and generally the results are positiv but just 1 or 2 more wins than losses. Would you mind to explain a bit more how you are using the additional filter you mentioned in your description, like channel, formation etc.? I included one example from Oct. 4th in which I marked the 5 losses in orange and 6 wins in green. Thanks a lot. /Martin {image}

Sorry, old thread. I just studied your attachment here and noticed why your wins were only marginally larger than the number of losses. You need to have a buy or sell bias with this strategy based on market direction. That's the hard part, deciding what way the market is going and only entering trades where a bearish candle crosses a .000 line for a SELL in a downtrending market. I saw the first two trades were BUYS and then the second was a SELL (which lost) but at that point if you stuck with only SELLS you would have done better. I like this strategy but the hard part will be for me to decide on which direction I want to play.. but I do indeed think that is the key to this strategy.
  • #129
  • May 25, 2019 4:37am May 25, 2019 4:37am
Quoting aurifelix
{quote} Sorry, old thread. I just studied your attachment here and noticed why your wins were only marginally larger than the number of losses. You need to have a buy or sell bias with this strategy based on market direction. That's the hard part, deciding what way the market is going and only entering trades where a bearish candle crosses a .000 line for a SELL in a downtrending market. I saw the first two trades were BUYS and then the second was a SELL (which lost) but at that point if you stuck with only SELLS you would have done better. I like...
Aurifelix and Maddin, you may want to read Post #92 where FxMD talks about trend.
  • #130
  • Last Post: Aug 29, 2025 5:18am Aug 29, 2025 5:18am
Hi There,
No posts on this thread since May 2019. Anybody still using this strategy and profitable.
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