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Powerful 1 Min Scalping System (Fx Prime)

  • #701
  • Oct 17, 2008 10:06pm Oct 17, 2008 10:06pm
Just looking back over the PA from the last session it seems a nice trade to look out for when using the CD method is the "come back to the nest" type trade.

This would be where you have a very strong underlying current with the 170CCI. You then get the 34CCI crossing the zero line in the opposite direction but only for a short while (leaving the nest) - probably less than 10 mins. All the wile the 170CCI is still steady in its original direction.

Invariably the 34CCI always returns to the nest and joins the underlying trend again and pockets you some pips. Obviously you miss out on plenty of opportunities, but I'm just trying to look for a safe entry in the system and one to keep an eye out for.

We don't need more than 20-30 pips per day to build our own nest.
Attached Image(s) (click to enlarge)
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  • #702
  • Oct 17, 2008 11:47pm Oct 17, 2008 11:47pm
hi CD
thx for sharing ur system ... great work

Alaa
  • #703
  • Oct 18, 2008 12:33am Oct 18, 2008 12:33am
wow. It almost looked like a Holy Grail when I was reading the first few pages. =). Very promising system there i must say.
  • #704
  • Oct 18, 2008 1:04am Oct 18, 2008 1:04am
Earlier you said you wanted an equivalent for this indicator.
Here is one. All earlybird was doing was printing an arrow at the 5 and 6 ema crossover. This indicator has a lot more features than Stealth Early bird.
alarm email, different types of arrows like thumbs up thumbs down etc.
I did not code it, but it has most of what anyone would want for a MA crossover.
Attached File(s)
File Type: mq4 2MA Crossover.mq4   8 KB | 935 downloads
  • #705
  • Oct 18, 2008 1:59am Oct 18, 2008 1:59am
Dear friends:
Great systems. Could you please give more detail about how to use the fibs. how to use those support and resistance line on the chart.
Regards
Your sincerely
Ding
I need time ,I need money, I need more patience
  • #706
  • Oct 18, 2008 3:36am Oct 18, 2008 3:36am
Quoting tetis
yes
Hiya Tetis,

Waiting........!!!

Regards
  • #707
  • Oct 18, 2008 5:15am Oct 18, 2008 5:15am
Quoting ztdep
Dear friends:
Great systems. Could you please give more detail about how to use the fibs. how to use those support and resistance line on the chart.
Regards
Your sincerely
Ding
Watch the price action around those areas. Dont enter right away if price approaches a fib or a pivot level, wait for a clear break. They're also useful for profit taking.

Hope this helps
  • #708
  • Oct 18, 2008 6:50am Oct 18, 2008 6:50am
Can you post this indicator?

Thanks



Quoting tetis
very simple only with one look to chart if the second yellow dot go over white line buy,and for sell use red dot under line nothing else , i can work in my office and have charts on my other monitors and trade free !!
and its my handmade indicator that using 2 oscillator only nothing else.
  • #709
  • Oct 18, 2008 8:11am Oct 18, 2008 8:11am
Quoting deang001
Just looking back over the PA from the last session it seems a nice trade to look out for when using the CD method is the \"come back to the nest\" type trade.

This would be where you have a very strong underlying current with the 170CCI. You then get the 34CCI crossing the zero line in the opposite direction but only for a short while (leaving the nest) - probably less than 10 mins. All the wile the 170CCI is still steady in its original direction.

Invariably the 34CCI always returns to the nest and joins the underlying trend again and pockets you some pips. Obviously you miss out on plenty of opportunities, but I'm just trying to look for a safe entry in the system and one to keep an eye out for.

We don't need more than 20-30 pips per day to build our own nest.
Hey buddy!

So are you saying that the SAFEST way to enter is when there is a huge underlying 170cci trend and the 34 leaves the nest (pull back) then comes right back? If so that makes complete sense.... pulbacks always happen and we all know that in a big trend pull backs alow us to get back in.

GREAT OBSERVATION I do believe 20-30 pips a day is all you need to make major cash and by using the pull back to the nest method it almost guarantees you hit the 20-30 a day.
  • #710
  • Oct 18, 2008 8:16am Oct 18, 2008 8:16am
hey there CD
every trade so far except 2 have been positive, I am setting TP at 10 pips.

I tried the EA , but to no avail... I think this set up is better ( for myself anyways) as a manual set up.

Great system by the way..
  • #711
  • Oct 18, 2008 8:20am Oct 18, 2008 8:20am
Quoting Hanoverfiste
hey there CD
every trade so far except 2 have been positive, I am setting TP at 10 pips.

I tried the EA , but to no avail... I think this set up is better ( for myself anyways) as a manual set up.

Great system by the way..
Thats great to hear my friend! How many pips from this system?
  • #712
  • Edited 9:30am Oct 18, 2008 8:35am | Edited 9:30am
Id have to say 120 since I started.. not taking every signal. I started using this system october 15.
  • #713
  • Oct 18, 2008 8:38am Oct 18, 2008 8:38am
Guys, what charts do you use, what company? Metatrader? Where can I find the same charts as yours? Tell me,please, is it possible to use instead of bollinger squize CCI 170 and 34, just simple CCI 170 and 34? Is differance big? Thank you,
  • #714
  • Oct 18, 2008 9:02am Oct 18, 2008 9:02am
Quoting deang001
Just looking back over the PA from the last session it seems a nice trade to look out for when using the CD method is the \"come back to the nest\" type trade.

This would be where you have a very strong underlying current with the 170CCI. You then get the 34CCI crossing the zero line in the opposite direction but only for a short while (leaving the nest) - probably less than 10 mins. All the wile the 170CCI is still steady in its original direction.

Invariably the 34CCI always returns to the nest and joins the underlying trend again and pockets you some pips. Obviously you miss out on plenty of opportunities, but I'm just trying to look for a safe entry in the system and one to keep an eye out for.

We don't need more than 20-30 pips per day to build our own nest.
deang001,

Nice observation, and I love the "nest" analogy. :-)

Your explanation is a great example of how to combine a technical setup with an understanding of basic market mechanics. I hope we have more great post like this to follow.
Visit my journal here.
  • #715
  • Oct 18, 2008 9:06am Oct 18, 2008 9:06am
anyone been tried this system for higher tf.. m5/m15 maybe?
  • #716
  • Oct 18, 2008 9:09am Oct 18, 2008 9:09am
I guess everyone has me on the Ignore him list....Can I ask this simple question?...LOL Here it is again..At least CD, you can answer the questions regarding your system??? Thanks

One More time pls....
In reference to the indicators on the first page, do they all go into the indicators file under mt4 or do some of them go into the experts folder?

thanks
jim

http://www.forexfactory.com/images/buttons/quote.gif (http://www.forexfactory.com/newreply.php?do=newreply&p=2288253)

  • #717
  • Oct 18, 2008 9:18am Oct 18, 2008 9:18am
Quoting jimbnc
In reference to the indicators on the first page, do they all go into the indicators file under mt4 or do some of them go into the experts folder?

thanks
jim
yup.. select the file to the indicator file under mt4 expert file..
  • #718
  • Oct 18, 2008 9:18am Oct 18, 2008 9:18am
Quoting Canadian_Dud
I want to first thank you for your great post and let you know I completly agree... it is human nature to always try to make things better.... and this system has been proven it works and many have had success with it.

Thanks for your great post. Please talk to us more about how other things affect the market... and what to look out for while trading!

Have a good weekend
Hi CD,

Even though I trade the EUR/USD exclusively, I begin every trading day by taking a broad look at the whole market. If oil prices are soaring, it will negatively effect the dollar since we are so oil dependent, and if people are selling dollars due to weakness there is a good chance they are moving that money into gold which is known as the "anti-dollar." The relationship between stocks and bonds are a little more complex, but they also provide information about dollar strength or weakness. I also watch other currencies that maintain a strong correlation like the GBP/USD and the USD/CHF. If there is a strong move in the dollar, it should be evident in these other currency pairs as well. I keep these 6 charts open so that I can glance at them and get a feel of where the market is moving.

Taking this information and combining it with key levels of support/resistance from higher timeframes gives me a good idea of which technical setups to watch for on the lower timeframes.

As an example, If gold, oil, bonds, GBP/USD are rising and stocks and the USD/CHF are falling on the 5 min charts, I then look over at the EUR/USD 30min or 1 hr chart to find support resistance levels. When price bounces off a support level or breaks a resistance level, I will then look for a technical setup on the 5m or 1m chart. It may seem like a lot of work, but it gives me a great deal of confidence in my position because I know I am moving with the market as a whole.
Visit my journal here.
  • #719
  • Oct 18, 2008 9:20am Oct 18, 2008 9:20am
Quoting jimbnc
I guess everyone has me on the Ignore him list....Can I ask this simple question?...LOL Here it is again..At least CD, you can answer the questions regarding your system??? Thanks

One More time pls....
In reference to the indicators on the first page, do they all go into the indicators file under mt4 or do some of them go into the experts folder?

thanks
jim

http://www.forexfactory.com/images/buttons/quote.gif (\"http://www.forexfactory.com/newreply.php?do=newreply&p=2288253\")

The indicators go into MT4-->experts-->indicators the template goes in MT4-->templates. Reboot MT4 and open up a new chart and select the appropriate template.
  • #720
  • Oct 18, 2008 9:24am Oct 18, 2008 9:24am
Quoting zmskyj
Great system, especially the cci 34 170, CD, how do you find these two period usefull? thank you for your works.

just want to say, if you want to put cci 34, 170 together,you can use this, justify the periods to 34,170 and color as you like.

good trade every one
Hi zmskyj,

CD alone knows why he choose these time periods, but I'll take a guess :-)

34 is a fibonacci number that was a popular time setting used by Bill Williams. 170 is 5x34 (some people believe that the factor of 5 is important in the markets), which gives you a picture of larger timeframes.
Visit my journal here.
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