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Scalping Technique Made Easy

  • #121
  • Jul 27, 2007 5:26pm Jul 27, 2007 5:26pm
Update... 16 winning trades since 2 am last night. 4 in green and 31 winning trades this week total... no losing trades.

Attached is my statement for today. Life is good. I consider this the best forex system on the market.

Check out the chart and pm me if you want to be directed to where you can locate this system. This system belongs to a good friend named Don Steintz.

The above poll is aged. If that poll reflected the traders of the system, your eyes would pop out.

Have a great weekend
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Friday Chart.jpg Size: 84 KB
Click to Enlarge Name: End of Friday.jpg Size: 123 KB
  • #122
  • Jul 27, 2007 5:38pm Jul 27, 2007 5:38pm
I'm curious,why only 12 pips profit per trade? I have followed this thread and think the system is great but unfortunately my charts only display the standard HA and I don't know if the system works on that alone.
Cheers.
  • #123
  • Jul 28, 2007 11:22pm Jul 28, 2007 11:22pm
Need help.
every time i try to load the 2has bars my pc stop running
anybody have had the same problem?
  • #124
  • Jul 29, 2007 8:42am Jul 29, 2007 8:42am
WHTenn. I have just a coulpe of questions:

1. sometimes the HAS at the bottom shows blue with a little red in the middle or red with a litle blue in the middle. How to interpet these? What to do if we're looking for a red one and one of these pops up, wait for a fully red or go for it?

2. If we're looking to get out a bit early in a trade and one of these multicolors pops up, how do we react? Those are sign of trend weeknesess right?

3. As asked above. Do you always have a TP of 12 pips or does it change depending on TF?

4. I think you don't use a stoploss, but while backtesting this I've seen situations where the price just keeps going in the wrong way. When the HAS in the lowest TF signals the opposit way around you try to get out right? I think Steinitz just lets them be their until they show profit.. Kinda risky i think. What is your take on this?

And just to be clear. You look at (for example) 4hr, 1hr, 30m, 15m and 5m. The you keep going down until the first HAS with opposit color arrives, then when it turns. You go for it! With a TP of 12, and if things seem to turn the opposit way you look for a way out (not riding it no mather what like steinitz). correct?
  • #125
  • Jul 29, 2007 2:07pm Jul 29, 2007 2:07pm
Quoting edge540
I'm curious,why only 12 pips profit per trade? I have followed this thread and think the system is great but unfortunately my charts only display the standard HA and I don't know if the system works on that alone.
Cheers.
Hi Edge540

I was looking for a small number. I am experimenting to see if I can get small rapid trades while others are waiting for the large 50-80 pips that can take days to obtain. 16 trades in 15 hours was a good day.

It is not the pips that makes you money, it is the lots.

Why 12... I really can't answer why this number.

Good Luck
  • #126
  • Jul 29, 2007 2:08pm Jul 29, 2007 2:08pm
Quoting bshcom
Need help.
every time i try to load the 2has bars my pc stop running
anybody have had the same problem?
Sounds like a memory problem. Dump your Temp Internet Files and History. Delete the indicators in MT4 that you don't use. Your charts will load faster.

Good Luck
  • #127
  • Jul 29, 2007 2:21pm Jul 29, 2007 2:21pm
Quoting zunk
WHTenn. I have just a coulpe of questions:

1. sometimes the HAS at the bottom shows blue with a little red in the middle or red with a litle blue in the middle. How to interpet these? What to do if we're looking for a red one and one of these pops up, wait for a fully red or go for it? Send me a pm with your email address and I will send you an instruction book.

2. If we're looking to get out a bit early in a trade and one of these multicolors pops up, how do we react? Those are sign of trend weeknesess right? The instruction book will expain and go further in detail on this my friend.

3. As asked above. Do you always have a TP of 12 pips or does it change depending on TF? I picked 12 because they can come more frequently and almost guaranteed while others try for the 50-80 pips that can take a day or so. It is not the pips that makes you money, it is the lot size and I am a huge lot trader.


4. I think you don't use a stoploss, but while backtesting this I've seen situations where the price just keeps going in the wrong way. When the HAS in the lowest TF signals the opposit way around you try to get out right? I think Steinitz just lets them be their until they show profit.. Kinda risky i think. What is your take on this? SL's depends on ones trading account size. I am testing now to find the right SL to use. But, the trend goes into the direction of the trend.. which is good.

And just to be clear. You look at (for example) 4hr, 1hr, 30m, 15m and 5m. The you keep going down until the first HAS with opposit color arrives, then when it turns. You go for it! With a TP of 12, and if things seem to turn the opposit way you look for a way out (not riding it no mather what like steinitz). correct?
. Since the trade goes in the direction of the overall trend, I just stay with it and ride it out.

Hope this helps.... check out the system and get the inexpensive EA
  • #128
  • Jul 29, 2007 6:59pm Jul 29, 2007 6:59pm
Quoting WHTenn
Update... 16 winning trades since 2 am last night. 4 in green and 31 winning trades this week total... no losing trades.

Attached is my statement for today. Life is good. I consider this the best forex system on the market.

Check out the chart and pm me if you want to be directed to where you can locate this system. This system belongs to a good friend named Don Steintz.

The above poll is aged. If that poll reflected the traders of the system, your eyes would pop out.

Have a great weekend
Here is a screenshot of your first trade - gbpusd short ---> http://i13.tinypic.com/4m0mheg.jpg

What made you take this trade? ( TF above is red except for Daily and up)
  • #129
  • Jul 30, 2007 4:38am Jul 30, 2007 4:38am
Here is the next one. It's the second trade. USDCAD: http://i16.tinypic.com/66yxish.jpg

Is my text correct, if not can you please explain?

Just to make things clear, I don't want to be rude by dissecting you trades/statement like this. I'm just trying to understand. I guess I'm a slow learner..

If you beleive It's not OK to do like this, then please say so.

Thanks for all the help WHTenn I've got so far!
  • #130
  • Jul 30, 2007 2:06pm Jul 30, 2007 2:06pm
Hi All, I bought the HAS EA last night and man o man, so many Parameters to set. Seems like I will be spending a lot of time fiddling with parapeters and not trading. The EA seems sound enough, so I'll just have to dig into it.

I think that since there are so many parameters and combinations, it would be a good idea to start a .set thread where we could exchange successful .set files. No point
"re-inventing the wheel individually". I wonder what Don will think of that?

Cheers,
Pip2
  • #131
  • Jul 30, 2007 11:56pm Jul 30, 2007 11:56pm
Quoting Snobol1
Hi All, I bought the HAS EA last night and man o man, so many Parameters to set. Seems like I will be spending a lot of time fiddling with parapeters and not trading. The EA seems sound enough, so I'll just have to dig into it.

I think that since there are so many parameters and combinations, it would be a good idea to start a .set thread where we could exchange successful .set files. No point
"re-inventing the wheel individually". I wonder what Don will think of that?

Cheers,
Pip2
Please click on the link below:

http://www.forex-tsd.com/commercial-...ngs-ideas.html
  • #132
  • Jul 31, 2007 4:30am Jul 31, 2007 4:30am
WHTenn you don't mind answering my questions, right?
  • #133
  • Aug 1, 2007 4:26am Aug 1, 2007 4:26am
All you will see is cheerleading and trying to promote this system which is flawed and loses money.Many used EA live never made nothing lost money.Waste of time and money much better systems around.
  • #134
  • Aug 1, 2007 2:22pm Aug 1, 2007 2:22pm
Lucky I did not purchase it.
  • #135
  • Aug 2, 2007 2:46pm Aug 2, 2007 2:46pm
Ok. That's what I kind of tought when I studied it a little bit deeper..

Since WHTenn is posting 'false' results (or at least results that has nothing to do with the method he describes) the moderators should step in and atleast remove his false statements..

So no one else gets tricked. Can someone PM a moderator, I don't know who *noob*

Thanks guys!
  • #136
  • Aug 2, 2007 11:58pm Aug 2, 2007 11:58pm
The fact they are selling it still in the testing development stage kind of says they are desperate for money.
Highly doubt they trade it live would most likely be on demo's.
It goes against current time frame trend staying with monthly trend and as you can imagine when that reverses you lose it all.
Trying to follow a monthly trend on a low time frame with a moving average cross doesn't work many have tried always failed.
Many newbies are buying it and not realizing it will lose them money long term.
  • #137
  • Aug 3, 2007 2:50am Aug 3, 2007 2:50am
The problem is, that the EA doesn´t use stop loss. If it does then it is not profitable - how simple. But i still believe that Don will solve this "problem". He really IS working hard on it.
Good luck to all.
  • #138
  • Aug 4, 2007 8:27am Aug 4, 2007 8:27am
Quoting WHTenn
Update... 16 winning trades since 2 am last night. 4 in green and 31 winning trades this week total... no losing trades.

Attached is my statement for today. Life is good. I consider this the best forex system on the market.
I see posts on other forums about a bad week/end of week. What are your results to date, ie latest results?
  • #139
  • Aug 4, 2007 1:15pm Aug 4, 2007 1:15pm
Quoting mike43234
The fact they are selling it still in the testing development stage kind of says they are desperate for money.
Highly doubt they trade it live would most likely be on demo's.
It goes against current time frame trend staying with monthly trend and as you can imagine when that reverses you lose it all.
Trying to follow a monthly trend on a low time frame with a moving average cross doesn't work many have tried always failed.
Many newbies are buying it and not realizing it will lose them money long term.

Not true. Do you trade this EA? Do you know all the many functions that are built into the program? Probably not.......

I am up over thousands of pips since the EA was released for sale. I have lost back about 1200 pips during the last two weeks when the market corrected. I am up using many different setting since they all seem to work

I still am profitable despite a tough week and highly recommend this method either manually or robotically.

Good luck!

George
Happy
  • #140
  • Aug 4, 2007 2:11pm Aug 4, 2007 2:11pm
WHTenn can you please answer Zunks questions.
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