Boogie Man Is Coming To Get Pips...

hey umair what were your results for 2day?
BK

Here they are im not a scalper but these results are mixed some of scalping and some of my own style trading results take a look its fxcm mini with $5per pip

Hi Umairs2004,

Is that a live account?

Thanks,
Guess

In your attachment, I saw you scalp the Eur/JPY, and then the TP's 15 pips?
Right?
In what session that did you scalp?

WisBiz...

Hello All...
This MA = 80 is giving me littile headche also i feel tht lot of pplz may have some problems regarding true and false signals....as so many signals comes so fast tht difficult to enter on right time anyways im not a scalper this is not my trading stlye but i tried to make an easy system for every one....any ways just to avoide from fake signals i was working on a new strategy since from morning and without any headche see screenshot how and i want it in my system....

Settings...

P-SAR = 0.1 , 0.11
RSI = 7

Thats all

Time frame = 1- minutes or 5 - minutes only not more than tht...

Entry....

Long....
When rsi = 7 crosses 50 level upward clearly and PSAR dot appears below.... dont enter for long until u see clear rsi crossing....

Short ,.... vice versa for short....

exit ....when apposite p-sar dot appears
Avoide before and after 15/30 mints of news

well i was testing this system on demo it really helping me a lot from fake signals but it also have fake one but the winning ratio is much batter than loosing ...i,ll post its results of demo....but just check it coz i wana add it in my system its batter than MA hEADCHES ... i have not much ma headches coz im the creater of my own system...i have posted couple of days its results no loosing yet but it will be vague for other if they feel problems to enter as main purpose is just im helping other traders with out any fees. coz im not getting anything in return..lolz if u like it than practice on demo otherwise happily choose any other ....Gooodluck for u all success...

Is the RSI 7 or 2 as seen in your chart example?

For what its worth, I use the CCI 14 and watch for +90 to 100 for longs and -90 to -100 for shorts. These take the losers out!

Carmel please post a pic of your charts? Are you using the PSAR?

RSI is set to 7 on the chart. Check properly.

Its so simple and working very well yet...rsi= 7 + psar + my own trend lines.... thats all about system....im thinking to add them istead of rsi and ma,,,in my thread

CCI 14 with lines at +90 and -90. Also the QQE 5 and RSI 7. On the chart is the SAR set at .1 and .11

[quote=carmel;1735121]For what its worth, I use the CCI 14 and watch for +90 to 100 for longs and -90 to -100 for shorts. These take the losers out![/quo

Goood Job Carmel but i think RSI = 7 & p-sar just these two together working gr8 to avoide from false entries....im examining it more to confirm it on main thread...

In looking at the charts it appears you could be correct. One other important factor that could help eliminate false signals is to be sure to follow the trend and not trade against it. If you look 9 bars before the solid vertical red line there is a short signal that went nowhere.

The 3 Duck system recommends placing the 60 SMA on 3 TFs. I put them on the 4 hr 1 hr 5m and 1 m and only trade when the SMAs on each chart are all above or below the 60EMA. This helps identify trending vs ranging and is quite helpful.

[quote=Umairs2004;1735181]

I've looked at your new idea and I don't see the 7 RSI doing any filtering.
99% of the time, it allows the trade, whether it turns out successful or not.

Using your own trend lines may be a good idea, but trend lines are arbitrary and discretionary. No two people draw them the same. It would no longer be a system.

I think he try to make this system more easy for scalping as rsi 7 seems preety good i was practicing on demo so far seems good but we cannot neglect the trend factor but i like the addition of rsi 7 as compare to MA 80 or 10 so far now system seems preety simple with just rsi and sar dots with no confusion , no problem and effective also

so.. what's the last working setting?? confused...

Ok, take a look at this below... using BB squeeze... you can see the price being squeezed and ready for a break out, I took this trade on demo and ching ching... monies rolled in.

Also using Guppy to see direction of trend, also using MTF moving average of 60 and going in the direction of that.

Not perfect by any means, but needs to worked on, though I think with the people here... I am sure we will be able to improve this method!

Third day with only loses , my opinion is that the signals come late most of times, and this is geting more complex with the new indicators, I think the success of the system is based more on discretionary decisions than in the indicators itself, what it's not neccesarily bad, but contributes to get emotional in the trades, at least in my case.

Anyway, I'm glad for those that have find it useful, go straight , and thanks Umair for sharing your time and your idea.

hey umair you still testing the rsi 7 and psar?
BK

I think he said preety simple and straight forward about RSI 7 as his method no 2 but its really very simple and useful in US timings im practicing alot on demo about his method no 2 effective so far i just closed some successful scalp trades on euro.jpy one minute chart my target was three pip per trade