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Scalping Technique Made Easy

  • #101
  • Jul 15, 2007 8:10pm Jul 15, 2007 8:10pm
Thanks.
  • #102
  • Jul 15, 2007 11:08pm Jul 15, 2007 11:08pm
Thx george,i have receive your email with two chart ...
Do you using the HAS EA?how is the result after your backtest,is it as great as the manual one?
just want all of you know that this HAS is the best system,untill now i got GU +206 pips,usdcad +50 pips and it's still floating.i open GU at 9/7 and ucad 12/7 so i got 256 pips i one weeks
thx don,you are the man...

*sorry,my english is bad LOL

Quoting WHTenn
I basically trade using the signals I learned from Steinitz using his charts he posted. I look to get in when I feel the retracement is over and just enter. I don't have any fancy indicators. I just get in and take my profits when I feel the trade is over.

Sorry not too scientific, but my results are very consistent!

Good luck
  • #103
  • Jul 16, 2007 8:17am Jul 16, 2007 8:17am
fellows in UK,
how do you use the EA on spreadbetting platform or it doesnt work?
basically, how do you utilize the advantage of the EA when trading currency using a spreadbetting company?
thanks
  • #104
  • Jul 16, 2007 9:54am Jul 16, 2007 9:54am
Quoting WHTenn
I am trading this live and I am doing extremely well. I made over 650 pips manually while awaiting the much anticipated new EA all traders receive when a new and improved version comes out.

Since you trade a 4 hour chart, here is my 4 hour USD/JPY chart that i go by.

Good Luck
WHTenn,

Thanks for the insight. This system makes perfect sense to me and it looks like it will be very profitable. Thanks to you too Don....
  • #105
  • Jul 16, 2007 10:34am Jul 16, 2007 10:34am
Quoting layanto
Thx george,i have receive your email with two chart ...
Do you using the HAS EA?how is the result after your backtest,is it as great as the manual one?
just want all of you know that this HAS is the best system,untill now i got GU +206 pips,usdcad +50 pips and it's still floating.i open GU at 9/7 and ucad 12/7 so i got 256 pips i one weeks
thx don,you are the man...

*sorry,my english is bad LOL
Hey my friend,

Thanks for the great comments. With the market moving as it has, I am around 350 pips using 11 pairs since opening of market. I have never actually backtested the system. I have read many posts from traders that had great results and I went by their statements. How many pairs are you trading?

I wish you many pips!
  • #106
  • Jul 16, 2007 11:02am Jul 16, 2007 11:02am
nice pips bro lol,is it live?acctually i'm using only major pair and i'm using 4h because i don't have a lot of time sitting in front of my computer.i enter when there is counter trend in daily.i haven't close my GU and UCAd.
yeah,i read a lot of HAS EA post that give a promise backtest.but still don't have confidence in it maybe because it don't have SL.so u haven't using the EA?
time will let us know bro if it is work or not.
hey have u minus the spread in your 350 pips?
GBU
Quoting WHTenn
Hey my friend,

Thanks for the great comments. With the market moving as it has, I am around 350 pips using 11 pairs since opening of market. I have never actually backtested the system. I have read many posts from traders that had great results and I went by their statements. How many pairs are you trading?

I wish you many pips!
  • #107
  • Jul 16, 2007 11:16am Jul 16, 2007 11:16am
Great trading WHTenn,

what timeframe are you trading as "base" 4H or ?

Thanks and happy pippin,

PipCruiser

Quoting WHTenn
Yes. I am trading this live and I have never seen a more profitable system in all my professional career. I am seeing an average of between 1500 to 2500 pips per month.
Less is more...
  • #108
  • Jul 17, 2007 9:12am Jul 17, 2007 9:12am
Hi,

can I ask if somebody got some signals today? I think that during news is better not to trade, and when signal occurs is better to wait for a retracement on very low time chart.
... just trying to learn. Thanx.
  • #109
  • Jul 17, 2007 11:40am Jul 17, 2007 11:40am
What time of day are you all finding to best?
  • #110
  • Jul 18, 2007 3:36am Jul 18, 2007 3:36am
I have question, let just say i trade in H4 and do exactly like Steinitz explain in first page. But in my condition the MTF HAS BAR above line H4 show blue color, the D1, W1 and M1. Am i still have to sell GBP/JPY or wait until one of that lines show in same condition like H4 ?

Thx
  • #111
  • Jul 19, 2007 8:05pm Jul 19, 2007 8:05pm
Quoting Desginer
I have question, let just say i trade in H4 and do exactly like Steinitz explain in first page. But in my condition the MTF HAS BAR above line H4 show blue color, the D1, W1 and M1. Am i still have to sell GBP/JPY or wait until one of that lines show in same condition like H4 ?

Thx
You decide which Tf will be your highest point to take counter trends signals from. Say your 4Hr is the highest TF you care about. Then you look at the 1Hr, 30M, 15 and 5M until you see a counter trend.

Once identified you wait until the first bar changes color back in the direction of the 4Hr. In this case you ignored any other TF's higher ten 4Hr's.

Good luck with your trading........

By the way I am up 350 pips right now and loving this Steinitz method !!!!!!!
  • #112
  • Jul 20, 2007 2:57am Jul 20, 2007 2:57am
Hi WHTenn,

are you using stop loss? I think Don Steinitz does not. Kind of dangerous.
Are you entering exactly when the bar is finished or are you entering earlier?
Are you waiting for 30 min candle or using other candles as well?

Great result, good luck. Venca.
  • #113
  • Jul 20, 2007 5:34am Jul 20, 2007 5:34am
Quoting WHTenn
You decide which Tf will be your highest point to take counter trends signals from. Say your 4Hr is the highest TF you care about. Then you look at the 1Hr, 30M, 15 and 5M until you see a counter trend.

Once identified you wait until the first bar changes color back in the direction of the 4Hr. In this case you ignored any other TF's higher ten 4Hr's.

Good luck with your trading........

By the way I am up 350 pips right now and loving this Steinitz method !!!!!!!
Thanks WHTenn, i hope i can make hundred pips like you
  • #114
  • Jul 21, 2007 3:28am Jul 21, 2007 3:28am
I'm a little bit confuse. I can't understand the difference between original Steinitz method (Heiken Ashi Smoothed) and Scalping Technique Made Easy. Is there anyone who can help me?
Thank you in advance.
Have Big gains
  • #115
  • Jul 21, 2007 8:48am Jul 21, 2007 8:48am
WHTenn,

You seem to very successful with this system. Would you please answer the following questions for the beginners that want to trade this system manually? If so, here it goes:

1. What is minimum and maximum time frame settings you use?
2. Do you enter on the close of the candle when color changes back to the longest time frame or when it's still open (developing)?
3. Do you use the minimum time frame for entry or 1 time frame lower?
4. What do you use as an exit strategy?
5. Do you use a stop loss? If so, what is it based on?
6. What sessions do you trade and times?
7. What pairs do you trade?

Thank you in advance for sharing you knowledge with us. I greatly appreciate it.
  • #116
  • Jul 22, 2007 8:33pm Jul 22, 2007 8:33pm
Anyone having this issue yet???
Attached Image
  • #117
  • Jul 22, 2007 11:04pm Jul 22, 2007 11:04pm
Quoting deforexit
I'm a little bit confuse. I can't understand the difference between original Steinitz method (Heiken Ashi Smoothed) and Scalping Technique Made Easy. Is there anyone who can help me?
Thank you in advance.
Have Big gains
The original method went with the developing trend. The system being sold today is a counter trend method.

If you need more help just PM me.

Good luck!
  • #118
  • Jul 22, 2007 11:09pm Jul 22, 2007 11:09pm
Quoting lcfxtrader
WHTenn,

You seem to very successful with this system. Would you please answer the following questions for the beginners that want to trade this system manually? If so, here it goes:

1. What is minimum and maximum time frame settings you use?

Well, I use all different TF's. I believe Don recommends the monthly down to 30M.

2. Do you enter on the close of the candle when color changes back to the
longest time frame or when it's still open (developing)?

I have used both and they seem to offer similiar results. I have seen the closed get me in with a better confirmation.

3. Do you use the minimum time frame for entry or 1 time frame lower?

1 timeframe lower

4. What do you use as an exit strategy?

I agree with Don as I don't use a stop. I will keep only mental ones.

5. Do you use a stop loss? If so, what is it based on?

I answered that.

6. What sessions do you trade and times?

I don't have a set session schedule.

7. What pairs do you trade?

I like to trade ones with lowest spreads.

Thank you in advance for sharing you knowledge with us. I greatly appreciate it.
No problem. I am happy to help out!
  • #119
  • Jul 23, 2007 7:08am Jul 23, 2007 7:08am
Quoting WHTenn
No problem. I am happy to help out!
What pairs do you trade with this system?
  • #120
  • Jul 23, 2007 5:36pm Jul 23, 2007 5:36pm
Quoting billbss
What pairs do you trade with this system?
I trade about 9 pairs. I typically stay away from higher spread pairs. I only have about 2 Yen crosses in my portfolio as they seem to be a little more volatile.

Good luck!
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