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GBPJPY scalpers

  • #41
  • Feb 24, 2008 11:07pm Feb 24, 2008 11:07pm
Quoting Scotty B
Thats cool my friend. I put fibs on most indicators if I use them. Not many people know you can fib rsi, volumes, stoc...ect. the sky is the limit! Try fibbing gann diamonds! You can pull a lot pips with these little techniques.
what is gann diamonds?
  • #42
  • Feb 24, 2008 11:13pm Feb 24, 2008 11:13pm
Quoting malcolmb14
I got in short 210.90 on that 10 min chart trade .... 210.2 would suit me fine !!!

DJ futures seem to be forming an inverse cup and handle 12,420 break down would be a break of the handle.

My futures chart is in my trading platform and I seem unable to copy and paste into this forum. Any suggestions how I do this as my tradng platform does not allow me to 'save as image'
Hi Malcomb

I know I'm going to love this thread..many thanks.

This MT4 site may be easier to upload Dow futures from.


A free MT4 download from Waterhouse (WHC Trader) ...http://www.metaquotes.net/files/whc/whc4setup.exe right click on "Symbol" line below Market Watch and click Show All......DOW is listed as YM...

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: dow 1.gif Size: 17 KB
  • #43
  • Feb 24, 2008 11:16pm Feb 24, 2008 11:16pm
Malcolmb, you need a pretty good exit strategy to grab those pips, lol. What is the exit strategy, btw?

R

Quoting malcolmb14
Do you really want to know how simple trading is ? ...

Friday

These were the trades around the 50 sma on the 15 min
210.95 to 211.46
210.73 to 210.49
210.67 to 210.15
210.44 to 210.15
210.67 to 211.40 today

229 pips all in all ... 1 day.
  • #44
  • Feb 24, 2008 11:30pm Feb 24, 2008 11:30pm
Quoting fxstman
what is gann diamonds?
It is the gann grid. People will tell you time and time again that the gann grid is nothing but a bunch of useless lines. Play with it for a while and try fibbing the diamonds! Look at my chart. Price broke the 100 mark and said hey scotty b I'm getting ready to take off like a rocket so get in this thing long! And you stay in the trade until an extension is CLEANLY met! The example on my chart netted 142 pips. This goes on all the time!
Attached Image (click to enlarge)
Click to Enlarge Name: fibbin.gif Size: 18 KB
  • #45
  • Feb 24, 2008 11:30pm Feb 24, 2008 11:30pm
What is opinion of DOW futures up 55 and NIKKIE up 467 related to the scalping methods described here?
History is written by the victors.
  • #46
  • Feb 24, 2008 11:34pm Feb 24, 2008 11:34pm
Quoting Scotty B
It is the gann grid. People will tell you time and time again that the gann grid is nothing but a bunch of useless lines. Play with it for a while and try fibbing the diamonds! Look at my chart. Price broke the 100 mark and said hey scotty b I'm getting ready to take off like a rocket so get in this thing long! And you stay in the trade until an extension is CLEANLY met! The example on my chart netted 142 pips. This goes on all the time!
Thank you sir,
I'd like to try that but my MT4 doesn't have that Indicator, do you know where I can find it or would you be able to post it here?
  • #47
  • Edited Feb 25, 2008 12:10am Feb 24, 2008 11:58pm | Edited Feb 25, 2008 12:10am
Quoting fxstman
Thank you sir,
I'd like to try that but my MT4 doesn't have that Indicator, do you know where I can find it or would you be able to post it here?
MT4 does have that study but calls it Gann Grid.

Right click on any line tool like fibs or trendlines, and choose 'Customize' from the drop menu. You will see a list of studies on the left. Move the ones you want to use, to the right, and they will show up in the MT4 bar at the top.
Forex is a Beast that will happily eat you for breakfast, lunch and dinner.
  • #48
  • Feb 25, 2008 12:07am Feb 25, 2008 12:07am
Quoting fxstman
Thank you sir,
I'd like to try that but my MT4 doesn't have that Indicator, do you know where I can find it or would you be able to post it here?
Hi
Attached Image
  • #49
  • Feb 25, 2008 12:07am Feb 25, 2008 12:07am
Quoting Quantem
MT4 does have that study but calls it Gann Grid.

Right click on any line tool like fibs or trendlines, and choose 'Customize' from the drop menu. You will see a list of studies on the left. Move the ones you want to use, to the right, and they will show up in the MT4 bar at the top.
Cool, thx Quantem!
Thx JaguaR!
  • #50
  • Feb 25, 2008 12:33am Feb 25, 2008 12:33am
Quoting Scotty B
It is the gann grid. People will tell you time and time again that the gann grid is nothing but a bunch of useless lines. Play with it for a while and try fibbing the diamonds! Look at my chart. Price broke the 100 mark and said hey scotty b I'm getting ready to take off like a rocket so get in this thing long! And you stay in the trade until an extension is CLEANLY met! The example on my chart netted 142 pips. This goes on all the time!
Scotty B,

Realizing that you are well versed in forex trading and have your own methodologies...
I'll offer the same suggestion to you that Karmo gave Malcomb 14: You might consider
starting your own thread since sharing your analysis only adds a bit of distraction and possible
confusion (with indicator clutter) for those who have followed M-14 here to learn his simple systems.

JMHO,

Dr. D.
  • #51
  • Feb 25, 2008 12:49am Feb 25, 2008 12:49am
Quoting fourxtrader
Scotty B,

Realizing that you are well versed in forex trading and have your own methodologies...
I'll offer the same suggestion to you that Karmo gave Malcomb 14: You might consider
starting your own thread since sharing your analysis only adds a bit of distraction and possible
confusion (with indicator clutter) for those who have followed M-14 here to learn his simple systems.

JMHO,

Dr. D.
Agreed. I was thinking the same thing. EVen though Scotty B's post loooks very interesting, it needs to stay on the thread starters subject matter.
Forex is a Beast that will happily eat you for breakfast, lunch and dinner.
  • #52
  • Feb 25, 2008 12:56am Feb 25, 2008 12:56am
Quoting malcolmb14
Do you really want to know how simple trading is ?

Take a 15 min chart.

1) long trigger is when the bar crosses the 50 sma
2) enter 15 pips above the high of the trigger bar.

Opposite for short.

This technique will net you about 300 - 400 pips per week ..... works best in none ranging markets. ie will catch massive runs in trends as they happen.

Friday

These were the trades around the 50 sma on the 15 min
210.95 to 211.46
210.73 to 210.49
210.67 to 210.15
210.44 to 210.15
210.67 to 211.40 today

229 pips all in all ... 1 day.

That is one technique that can be used for use of 50 sma's

I prefer to get entries using rsi as they get me into the trade sooner. I typicaly use the 50 sma as targets as if a price gets to far away from it it will typically come back to it.

From his 15 min chart \ 50 sma strategy:

Is anyone watching to see if the price continues to move 15 pips
beyond the close of any candle that currently breached above or
below 50 sma?

We've had a crossover. Now waiting for the confirmation on the
next candle.

Dr. D.
Attached Image (click to enlarge)
Click to Enlarge Name: watching the 50 sma on the 15 min.gif Size: 65 KB
  • #53
  • Feb 25, 2008 1:05am Feb 25, 2008 1:05am
If I'm interpretring his rules correctly....
If a candle closes on either side of 210.88,
(current 50 sma) adding 15 pips might gives
us these minimum entry points.

Long = ~211.03
Short = ~210.73

Dr. D.
Attached Image (click to enlarge)
Click to Enlarge Name: 50 sma + 15 trigger.gif Size: 65 KB
  • #54
  • Feb 25, 2008 1:10am Feb 25, 2008 1:10am
Quoting malcolmb14
Do you really want to know how simple trading is ?

Take a 15 min chart.

1) long trigger is when the bar crosses the 50 sma
2) enter 15 pips above the high of the trigger bar.

Opposite for short.

This technique will net you about 300 - 400 pips per week ..... works best in none ranging markets. ie will catch massive runs in trends as they happen.
Exactly, works best in non-ranging markets. But what happens in ranging markets? Forex aint that "simple" Malcom.
  • #55
  • Feb 25, 2008 1:17am Feb 25, 2008 1:17am
Quoting fourxtrader
Scotty B,

Realizing that you are well versed in forex trading and have your own methodologies...
I'll offer the same suggestion to you that Karmo gave Malcomb 14: You might consider
starting your own thread since sharing your analysis only adds a bit of distraction and possible
confusion (with indicator clutter) for those who have followed M-14 here to learn his simple systems.

JMHO,

Dr. D.
Sorry guys...I wasn't sure what the thread was suppose to consist of other than what the title suggested: 'GBPJPY Scalpers.' I was offering my 2 cents on current scalps using my methodologies albeit, but wasn't aware of the rules.
  • #56
  • Feb 25, 2008 1:20am Feb 25, 2008 1:20am
I hadn't read the rules either, but am interested in what you have to say. i learn t something today.
Quoting Scotty B
Sorry guys...I wasn't sure what the thread was suppose to consist of other than what the title suggested: 'GBPJPY Scalpers.' I was offering my 2 cents on current scalps using my methodologies albeit, but wasn't aware of the rules.
FF journal: Peaks and Troffs
  • #57
  • Feb 25, 2008 1:21am Feb 25, 2008 1:21am
ScottyB, open up your own thread bud, you'll have quite a few followers of your system. It looks promising. I'll definitely check it out. I don't think anyone was trying to be rude....just trying to keep this all Malcomb. By the way, I understand what you mean by the thread title

Quoting Scotty B
Sorry guys...I wasn't sure what the thread was suppose to consist of other than what the title suggested: 'GBPJPY Scalpers.' I was offering my 2 cents on current scalps using my methodologies albeit, but wasn't aware of the rules.
  • #58
  • Feb 25, 2008 1:42am Feb 25, 2008 1:42am
Quoting forexmoments
Exactly, works best in non-ranging markets. But what happens in ranging markets? Forex aint that "simple" Malcom.
The ranges on this beast resemble non-ranging market patterns... lol

I've briefly scanned over the past few crossovers on the 50 sma
15 min charts and see that the 'range' above and below the 50 sma
[minus the minimum 15 pips allowance] offer considerable profits.

Therefore, I'm interested in learning more from M-14's including
coupling his RSI signals for better entry and his exit strategies.

Dr. D.
  • #59
  • Feb 25, 2008 1:59am Feb 25, 2008 1:59am
[quote=malcolmb14;1867485] Posted ~6pm PST
I do not often trade this time as there is little volatility in the markets. The best time is 4am to 9am Pacific as that is the overlap between the EURO and US markets.


See you'all in a few hours when Malcomb reapears.

Dr. D.
  • #60
  • Feb 25, 2008 2:24am Feb 25, 2008 2:24am
Quoting Quantem
Agreed. I was thinking the same thing. EVen though Scotty B's post loooks very interesting, it needs to stay on the thread starters subject matter.
I appreciate Scottys postings

Seems that we can all learn from each other.
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