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Attachments: Powerful 1 Min Scalping System (Fx Prime)
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Powerful 1 Min Scalping System (Fx Prime)

  • #1,201
  • Oct 28, 2008 9:59am Oct 28, 2008 9:59am
Quoting nesa1980
Just to show you a perfect example of a trade based on a signal combined with price action. I entered for a quick +13 pips when i saw the the price started moving swiftly after hanging around the daily high for a while.
Great trade!
  • #1,202
  • Oct 28, 2008 11:58am Oct 28, 2008 11:58am
Quoting CanuckCT
Three trades ...I believe they meet the criteria for this system. I traded GJ and GC and not EU. Let them run with trailing stops. Great result. Never though I would trade a 1 minute forex chart. Interesting for sure.
Cheers,
CanuckCT

EDIT Closed for +30 and +59
Morning CanuckCT,

Good trades. Got a question.

What setting for your trailing stop loss have you found useful on the 1min. time frame?

Thanks for your input?

CCE
I get exercise just pushing my luck
  • #1,203
  • Oct 28, 2008 12:00pm Oct 28, 2008 12:00pm
could anyone give me direct links for download video please?
I was not be able to see them via http://www.LearnFxPrime.com because of some problem in my internet connection . thanks
  • #1,204
  • Oct 28, 2008 12:22pm Oct 28, 2008 12:22pm
AUD/USD set-up !
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 41 KB
  • #1,205
  • Oct 28, 2008 12:27pm Oct 28, 2008 12:27pm
Quoting neshat
could anyone give me direct links for download video please?
I was not be able to see them via http://www.LearnFxPrime.com because of some problem in my internet connection . thanks
Neshat,
Do you have Adobe Flash Player installed? If not try free down load from this site and try to view video again. The link is correct for CD's instructional videos.
Hope this helps.
CCE
http://www.adobe.com/shockwave/download/download.cgi?P1_Prod_Version=ShockwaveFlash
I get exercise just pushing my luck
  • #1,206
  • Oct 28, 2008 12:55pm Oct 28, 2008 12:55pm
Quoting cce
Neshat,
Do you have Adobe Flash Player installed? If not try free down load from this site and try to view video again. The link is correct for CD's instructional videos.
Hope this helps.
CCE
http://www.adobe.com/shockwave/download/download.cgi?P1_Prod_Version=ShockwaveFlash
Thank you cce .
I have flash player . Please see attached file . I can not open http://www.LearnFxPrime.com (http://www.learnfxprime.com/) page correctly.
So please give direct link for video please.
Attached Image (click to enlarge)
Click to Enlarge Name: page.JPG Size: 101 KB
  • #1,207
  • Oct 28, 2008 1:11pm Oct 28, 2008 1:11pm
Quoting neshat
Thank you cce .
I have flash player . Please see attached file . I can not open http://www.LearnFxPrime.com (\"http://www.learnfxprime.com/\") page correctly.
So please give direct link for video please.
The video website and many other such sites are probably blocked in his/her country. The video file emailed or uploaded to rapidshare will probably work.

TF
  • #1,208
  • Oct 28, 2008 1:21pm Oct 28, 2008 1:21pm
Quoting TradeForexFx
The video website and many other such sites are probably blocked in his/her country. The video file emailed or uploaded to rapidshare will probably work.

TF
That's right.
Also If I have address of video may be I can see it using some proxy sites.
  • #1,209
  • Oct 28, 2008 1:32pm Oct 28, 2008 1:32pm
It depends on what currency. If I trade GBPJPY or GBPCHF, they need room, so 35 pips would be common. For EURUSD, wouldn't be as high. I also look for areas of support/resistance and put stops in that area plus/minus a few pips. If a 35 pip stop is a problem for you, then you position size is too high.

I like to let stops trail. Once I get up 15 to 20 pips, I'm thinking let it trail and hoping for 30+ pips. That's how most of many of my positions close...but if I don't like it, I just close it regardless of the P&L at that time.

I don't think the fact that it's a M1 timeframe affects my stop strategy. I'm not thinking scalp. I'm thinking let's catch a runner.

Cheers
CanuckCT


Quoting cce
Morning CanuckCT,

Good trades. Got a question.

What setting for your trailing stop loss have you found useful on the 1min. time frame?

Thanks for your input?

CCE
  • #1,210
  • Oct 28, 2008 1:37pm Oct 28, 2008 1:37pm
Quoting neshat
That's right.
Also If I have address of video may be I can see it using some proxy sites.
Neshat,
Give this link a try.

http://www.dailymotion.com/relevance/search/fx%2Bprime/video/x747zg_finalvideo_news

Will take you to Daily Motion page.
CCE
I get exercise just pushing my luck
  • #1,211
  • Oct 28, 2008 1:38pm Oct 28, 2008 1:38pm
Can anyone comment on how/when to enter this trade? Most of my trades have been with the 34 crossing the zero line and 170 has already established a trend. That doesn't apply here because 34 crosses before 170. But there are lots of setups like this. Comments CD or others?
Thanks
CanuckCT
  • #1,212
  • Oct 28, 2008 1:39pm Oct 28, 2008 1:39pm
Just wanted to say Dude GREAT THREAD!!!! I've been looking for a really consistent scalping method...This is it...I have been trading for quite a while but on higher time frames...

I've traded this method for a while now both demo and real and haven't had a loser yet...Im still perfecting entries and of course exits. I love your plan because it is simple, which is essential using a 1 min chart. I combine your setups with fibs etc to try to achieve the ultimate entrances and exits...

I have a quick question---in your explanation on post 1 your state: NEVER TRADE AGAINST THE 5 MIN TREND, IF ITS TRENDING DOWN AND ITS GIVING YOU AN UP SIGNAL DONT TAKE IT ITS A RETRACEMENT WHEN IT COMES DOWN AGAIN TAKE THE SIGNAL.

My question is how are you determining the "5 min trend" ? As you know traders use various methods to determine the trend. So what are you using Dude?

Thanks again for your thread---I REALLY REALLY REALLY appreciate your time and effort and trading savvy...I also appreciate all the imput. There was an imput some posts back about the price going from marks by 50...ex:0- 50-100-150-200-250-150-100-50-0 etc. on the 1min chart...I had never noticed that before. This insight is GOLD-THANKS

Greg D
  • #1,213
  • Oct 28, 2008 2:04pm Oct 28, 2008 2:04pm
Quoting CanuckCT
Can anyone comment on how/when to enter this trade? Most of my trades have been with the 34 crossing the zero line and 170 has already established a trend. That doesn't apply here because 34 crosses before 170. But there are lots of setups like this. Comments CD or others?
Thanks
CanuckCT
for me is:
Attached Image
  • #1,214
  • Oct 28, 2008 2:04pm Oct 28, 2008 2:04pm
Quoting CanuckCT
Can anyone comment on how/when to enter this trade? Most of my trades have been with the 34 crossing the zero line and 170 has already established a trend. That doesn't apply here because 34 crosses before 170. But there are lots of setups like this. Comments CD or others?
Thanks
CanuckCT

I will take the when they are both every close from each other, its a riskier trade setup for sure but sometimes I will take those.

With the new updated Advance Fx Prime Filter it will tell you when those trade are HIGH probability of pips! comming soon...
  • #1,215
  • Oct 28, 2008 2:30pm Oct 28, 2008 2:30pm
Just wanted to pipe up and say thanks, CD.

Good stuff.
"If it bleeds ... we can kill it"
  • #1,216
  • Oct 28, 2008 2:37pm Oct 28, 2008 2:37pm
Thanks, something to assess these moves would be great. I look forward to your indicator. Where in Canada r u from. Kensington, PEI here.
Cheers
CanuckCT

Quoting Canadian_Dude
I will take the when they are both every close from each other, its a riskier trade setup for sure but sometimes I will take those.

With the new updated Advance Fx Prime Filter it will tell you when those trade are HIGH probability of pips! comming soon...
  • #1,217
  • Oct 28, 2008 2:41pm Oct 28, 2008 2:41pm
Quoting MMDealer
Just wanted to pipe up and say thanks, CD.

Good stuff.

You guys are such nice people im happy to help!
  • #1,218
  • Oct 28, 2008 2:41pm Oct 28, 2008 2:41pm
Quoting CanuckCT
Thanks, something to assess these moves would be great. I look forward to your indicator. Where in Canada r u from. Kensington, PEI here.
Cheers
CanuckCT
Ottawa ontario here!
  • #1,219
  • Oct 28, 2008 2:46pm Oct 28, 2008 2:46pm
Just wanted to say Dude GREAT THREAD!!!! I've been looking for a really consistent scalping method...This is it...I have been trading for quite a while but on higher time frames...

I've traded this method for a while now both demo and real and haven't had a loser yet...Im still perfecting entries and of course exits. I love your plan because it is simple, which is essential using a 1 min chart. I combine your setups with fibs etc to try to achieve the ultimate entrances and exits...

I have a quick question---in your explanation on post 1 your state: NEVER TRADE AGAINST THE 5 MIN TREND, IF ITS TRENDING DOWN AND ITS GIVING YOU AN UP SIGNAL DONT TAKE IT ITS A RETRACEMENT WHEN IT COMES DOWN AGAIN TAKE THE SIGNAL.

My question is how are you determining the "5 min trend" ? As you know traders use various methods to determine the trend. So what are you using Dude?

Thanks again for your thread---I REALLY REALLY REALLY appreciate your time and effort and trading savvy...I also appreciate all the imput. There was an imput some posts back about the price going from marks by 50...ex:0- 50-100-150-200-250-150-100-50-0 etc. on the 1min chart...I had never noticed that before. This insight is GOLD-THANKS

Greg D
  • #1,220
  • Oct 28, 2008 2:52pm Oct 28, 2008 2:52pm
Quoting CanuckCT
Can anyone comment on how/when to enter this trade? Most of my trades have been with the 34 crossing the zero line and 170 has already established a trend. That doesn't apply here because 34 crosses before 170. But there are lots of setups like this. Comments CD or others?
Thanks
CanuckCT
I like to use the PP and Fibs to place entries as close to Zero line break and RSI on correct side of 55/45. I keep a tighter stop this way.
I liked your ideas on the use of a trailing stop. I'll have to give it a try.
CCE
I get exercise just pushing my luck
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