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Trendline Scalping System

  • #261
  • Jun 17, 2019 4:36am Jun 17, 2019 4:36am
TMT buy usdchf

Attached Image (click to enlarge)
Click to Enlarge Name: chf2.PNG Size: 54 KB
TMT Scalping System (Best system on FF)
  • #262
  • Jun 17, 2019 4:50am Jun 17, 2019 4:50am
buy ey. all rules comply but closing candle is not excited candle. I erased trendline.
heads up on cable. was breaking trendline but has receded. which makes me wonder about ey now.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 88 KB
  • #263
  • Jun 17, 2019 4:59am Jun 17, 2019 4:59am
left in trendline. I think Im doing this right. using market orders to enter which i dont like but trying to comply with rules.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 108 KB
  • #264
  • Jun 17, 2019 5:18am Jun 17, 2019 5:18am
Im already in this one but now its showing more compliance with the rules. MFI just dipped down below 50 making it valid now. Im holding and waiting.
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  • #265
  • Jun 17, 2019 5:18am Jun 17, 2019 5:18am
Please confirm RSI and MFI rules

They should be above/below 50 on trend line break only ? because before break of trend line they can go sideway.

If trend line is break and we should wait until RSI and MFI for entry ??
  • #266
  • Jun 17, 2019 5:23am Jun 17, 2019 5:23am
waiting.... broke resistance
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 100 KB
  • #267
  • Jun 17, 2019 5:30am Jun 17, 2019 5:30am
Quoting WonLi
Please confirm RSI and MFI rules They should be above/below 50 on trend line break only ? because before break of trend line they can go sideway. If trend line is break and we should wait until RSI and MFI for entry ??
above 50 for buy bel;ow 50 for sell. I set mine at RSI 8 and MFI for 14.

I am still testing and learning. it seems that we are looking for "fast longer candle on break which would correspond to a jump of both RSI and MFI.

I am finding the m5 noisy and may switch to m15. it looks quieter and less false signals. It also very choppy this morning. this system works best when a clear direction forms. basically its just entering on the pullbacks. a 123 pattern
  • #268
  • Jun 17, 2019 5:41am Jun 17, 2019 5:41am
Quoting ^eagle^
{quote} above 50 for buy bel;ow 50 for sell. I set mine at RSI 8 and MFI for 14. I am still testing and learning. it seems that we are looking for "fast longer candle on break which would correspond to a jump of both RSI and MFI. I am finding the m5 noisy and may switch to m15. it looks quieter and less false signals. It also very choppy this morning. this system works best when a clear direction forms. basically its just entering on the pullbacks. a 123 pattern
Please what means thoses arrow on your chart ??
  • #269
  • Jun 17, 2019 5:44am Jun 17, 2019 5:44am
Quoting WonLi
{quote} Please what means thoses arrow on your chart ??
Its a moving Average crossover. Fast MA is set to 1 (line chart) and slow MA is set to 12 to be between my 7EMA and my 20 EMA. Its just alerts me that price is inbetween the moving averages. it does not give me a signal.


The trendline break is the signal to get ready but Im finding it to be a little late. but thats ok.
  • #270
  • Jun 17, 2019 6:06am Jun 17, 2019 6:06am
I have my trade manager on my trades now and am in positive territory on three of the 4 so I can write a little bit on how to optimize this system.

below is the M15 of the ozzie. Y0ou can see the long banner spreading over several days. this is a good time to us m5 and realize your tp will be small.

the market does this about 70% of the time.

In contrast you have days like the blue square.

Here is where you need to keep patient and trail your stop. Today is a banner day. Tomorrow might be a runner. just remember that runners are less likely..

Keep your stops tight. if you are wrong you are wrong. document it and move on. it will help you if you journal it.

Never move a stop to give a trade "room to breathe" . only a big loss can hurt you.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 103 KB
  • #271
  • Jun 17, 2019 6:21am Jun 17, 2019 6:21am
Im holding a buy from an m5 signal a while back but now on m15 its showing almost a sell signal. The MFI is still above 50 and the daily candle is green. but all the other elements are there. maybe time to tighten the stop and move on. chop chop chop
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 92 KB
  • #272
  • Jun 17, 2019 6:37am Jun 17, 2019 6:37am
The difference between a winning day and a mediocre day. know when its a banner day. kNow when its a pip fiesta!
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Click to Enlarge Name: GBPUSDM15.png Size: 100 KB
  • #273
  • Edited 7:07am Jun 17, 2019 6:46am | Edited 7:07am
eu and ey buys banked 9 pips profit at 80z% letting the remaining 20% ride and squeeze the stop while raising the Take profit. free and clear trade at this pooint. worse case scenario I break even with the 20% plus spread. Being a banner day, Im not expecting much. Once my trades are free and clear I start looking at swing positions. To either let my remainders ride or to hang on to a runner.

The euro is still ooking strong on the h1. The ozzie has bottomed out so I will be setting that TP at the bottom and waiitn for a bounce. The cable is also looking strong so Im still holding that with a 2 pip loss as of now.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 100 KB
  • #274
  • Jun 17, 2019 7:11am Jun 17, 2019 7:11am
Quoting Pollen
TMT buy usdchf {image}
That swissy is being a turd! Chop chop chop. If you are still holding it its the right position in swing position. My sell was stopped out. Banner days suck.
  • #275
  • Jun 17, 2019 7:41am Jun 17, 2019 7:41am
swissy is one of the most annoying pair to trade
  • #276
  • Jun 17, 2019 12:41pm Jun 17, 2019 12:41pm
I have been asked to upload the EMA crossover signal.. RemeMber that this is ONLY to alert you that price is inside the MAs. I reset it on my template with the fast MA set to 1 and slow MA set to 7 to let me know there is a pullback. I changed it from 12 because I noticed when price was moving fast the MA would not retreat enough to generate a pullback signal.

THIS IS ONLY A HEADS UP INDICATOR! IS IS NOT A SIGNAL TO BUY OR SELL. THE TRENDLINE BREAK IS THE SIGNAL. THIS IS ONLY TO LET YOU KNOW TO PAY ATTENTION TO THAT CHART AND DRAW YOUR TRENDLINE.
Attached File(s)
File Type: ex4 EMA Crossover Signal.ex4   11 KB | 487 downloads
File Type: mq4 EMA Crossover Signal.mq4   4 KB | 548 downloads
  • #277
  • Jun 17, 2019 1:28pm Jun 17, 2019 1:28pm
Quoting ^eagle^
{quote} That swissy is being a turd! Chop chop chop. If you are still holding it its the right position in swing position. My sell was stopped out. Banner days suck.
Yes, still on that trade though. almost hit my SL
TMT Scalping System (Best system on FF)
  • #278
  • Jun 17, 2019 1:30pm Jun 17, 2019 1:30pm
This was a good short on GU

Attached Image (click to enlarge)
Click to Enlarge Name: gu15.PNG Size: 57 KB
TMT Scalping System (Best system on FF)
  • #279
  • Jun 17, 2019 1:39pm Jun 17, 2019 1:39pm
Quoting Pollen
This was a good short on GU {image}
yup that was a good one. Missed it. had to run out to the bank. I'm starting to get the hang of it now. Nice pull back system. Could rack up some pips in a run.

My eu and ey remainders are stopped out. Draghi draggin the euro down after a bad Empire state report.. I'm still practicing and saving up to go live. I can save faster than I can trade for now so when I know I can trade faster than I save I will go live. Great system. thanks!
  • #280
  • Jun 17, 2019 9:14pm Jun 17, 2019 9:14pm
https://www.forexfactory.com/showthread.php?t=329399

looking at adding these instead of the commercial trend indicator. the first pullback is the best and I went looking for a supertrend indicator that would alert to trend changes, this has it all. not as simple as trend pro but looks just as effective. I will set it up tonight. my time is still limited so I may only get one trade in before work. work keeps getting in the way of making pips.
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rajonkhan