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Super Simple System for Scalping

  • #161
  • Edited 3:37pm Apr 15, 2022 3:21pm | Edited 3:37pm
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edit hit
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  • #162
  • Apr 15, 2022 6:58pm Apr 15, 2022 6:58pm
What indicators do I need to utilize this on trading view and can it be done on the free version?
  • #163
  • Apr 15, 2022 8:39pm Apr 15, 2022 8:39pm
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Yellow box - predetermined zone. one price closes above or touches and closes we should hedge our position and close it or tp and setup trailing stop.

Purple box - showing next zone - you could set SL at the low of this zone after prices breaks above - similar to trailing.
  • #164
  • Apr 15, 2022 9:55pm Apr 15, 2022 9:55pm
Quoting burnestgeyer
{quote} You should always be entering on the candle after the cross. You need to wait for the cross candle to completely print. problem with exiting on Bb over extension is you leave a lot of profit on the table, and slot of entries start on the band it’s self. this is why I switched to zig zag channel for over extensions
Burnestgeyer,

I could not agree more with you, love it ill jump onto the zigzag.
  • #165
  • Apr 16, 2022 1:16am Apr 16, 2022 1:16am
Quoting geula4
BTCUSD 1M I've removed the BB. Blue line is 20 SMA of close (middle BB line). candle broke below EMA and BB middle both COAs have bearish increase near zero line volumn increase (alt. entry at arrow: break and retest of prev. support) {image}
How do you manage to trade BTC with the commissions being so high? Dont the commissions kill your trade?
It's hard. Can be painful. But I love this world, this Forex world.....
  • #166
  • Apr 16, 2022 5:54am Apr 16, 2022 5:54am
Quoting zomba4rex
{quote} How do you manage to trade BTC with the commissions being so high? Dont the commissions kill your trade?
it is not the commissions but the spread that kills you on btc and eth. surely on slow days
  • #167
  • Apr 16, 2022 7:48am Apr 16, 2022 7:48am
Scary chart of the week--treasury 10 yr yield.

Stock market bias is down.
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  • #168
  • Apr 16, 2022 8:09am Apr 16, 2022 8:09am
Quoting timingchain
Scary chart of the week--treasury 10 yr yield. Stock market bias is down. {image}
Nice, but has this anything to do with this system?
  • #169
  • Apr 16, 2022 8:41am Apr 16, 2022 8:41am
Quoting Olarion1975
{quote} Nice, but has this anything to do with this system?
Expect more shorting opportunities than longs, and longer runs downward.
  • #170
  • Apr 16, 2022 8:57am Apr 16, 2022 8:57am
Good action from Thursday: 170 pt potential for NAS100 short.
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  • #171
  • Apr 16, 2022 9:29am Apr 16, 2022 9:29am
Quoting timingchain
{quote} Expect more shorting opportunities than longs, and longer runs downward.
Okay, but since we only scalp on M1/M5 this shouldn't matter much.
  • #172
  • Apr 16, 2022 9:57am Apr 16, 2022 9:57am
Quoting Olarion1975
{quote} Okay, but since we only scalp on M1/M5 this shouldn't matter much.
Good traders have mental flexibility.

If I start with a scalp but see a prompt, strong move in a favorable direction, I switch to using a trailing stop and let it run.
  • #173
  • Apr 16, 2022 10:04am Apr 16, 2022 10:04am
Space

fb0x

volume

zoom out
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  • #174
  • Apr 16, 2022 4:30pm Apr 16, 2022 4:30pm
Quoting Antny
{quote} Burnestgeyer, I could not agree more with you, love it ill jump onto the zigzag.
It's pretty good!
Still trying to find the perfect fit. Something that sky rockets us into the 90% range. This works great for now though.

The core of this strategy I love. I'm going to be endlessly looking for better ways to optimize the reversion and exiting aprt of the strategy. So bear with me as I will be doing alot of testing.
  • #175
  • Apr 17, 2022 2:25am Apr 17, 2022 2:25am
Quoting timingchain
{quote} just click on the paper clip at the top of the page--everything is there
what is actual setting for the COA because i can see different setting on the thread
  • #176
  • Apr 17, 2022 12:06pm Apr 17, 2022 12:06pm
CAO (14,100) or you can use CAO(5,34)
  • #177
  • May 26, 2022 10:14am May 26, 2022 10:14am
Anyone else using this system?
  • #178
  • May 26, 2022 10:15am May 26, 2022 10:15am
Quoting burnestgeyer
{quote} It's pretty good! Still trying to find the perfect fit. Something that sky rockets us into the 90% range. This works great for now though. The core of this strategy I love. I'm going to be endlessly looking for better ways to optimize the reversion and exiting aprt of the strategy. So bear with me as I will be doing alot of testing.

How good are your results?
  • #179
  • Jan 27, 2024 5:59am Jan 27, 2024 5:59am
I @burnestgeyer, do you still using this system???? How it works???.

Thanks.
  • #180
  • Aug 23, 2024 3:58am Aug 23, 2024 3:58am
anyone else using this i cant seem to find the indicator in tradingview
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