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

  • #1,221
  • Oct 28, 2008 2:54pm Oct 28, 2008 2:54pm
Quoting eegle
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
First I want to thank you so much for those nice words. If you all new how many hours and hours I have gone through trying to help everyone chat, email, private message plus trying to get this incredible Advanced multi filter indicator out here to make our trades lazer point accurate has taken up hours and hours of time.

As for trend I use heiken ashi ...
  • #1,222
  • Oct 28, 2008 3:04pm Oct 28, 2008 3:04pm
Quoting Canadian_Dude
First I want to thank you so much for those nice words. If you all new how many hours and hours I have gone through trying to help everyone chat, email, private message plus trying to get this incredible Advanced multi filter indicator out here to make our trades lazer point accurate has taken up hours and hours of time.

As for trend I use heiken ashi ...
CD,
I'll second these thoughts. Your efforts have helped me hone my trades down to a very fine entry/exit point that has priviously exscaped me.
Thanks much.
CCE
I get exercise just pushing my luck
  • #1,223
  • Oct 28, 2008 3:13pm Oct 28, 2008 3:13pm
So waterloo...you would enter as soon as the 170goes positive...even at a gray bar?
Cheers
CanuckCT

Quoting waterloo
for me is:
  • #1,224
  • Oct 28, 2008 3:28pm Oct 28, 2008 3:28pm
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...
Looking forward to the AFXPF. Can we assist you in any way CD?
  • #1,225
  • Oct 28, 2008 3:59pm Oct 28, 2008 3:59pm
All thanks to CD and all the guys in this thread for making this possible.

In this trade i actually missed the major move, but had the discipline to wait for a valid entry which came close to the daily high. I took it and targeted the daily high as my exit point since i thought it might bounce of it and reverse. Even though it went above it a bit i still made +18 pips.

Thanks Guys!

P.S Where can i pay my trading tithes???
Attached Image (click to enlarge)
Click to Enlarge Name: Chart 2.jpg Size: 271 KB
10 pips a day keeps the blues away!!
  • #1,226
  • Oct 28, 2008 4:02pm Oct 28, 2008 4:02pm
I want to try and post this trade on the EURUSD. I think it will illustrate what
a perfect trade looks like-at least to me it is a perfect trade...I hope it helps someone..

Greg D
Attached Image (click to enlarge)
Click to Enlarge Name: SEND.png Size: 33 KB
  • #1,227
  • Oct 28, 2008 4:11pm Oct 28, 2008 4:11pm
Quoting Hercs
Here are exits for discussion please.

Best wishes.
Hi Hercs, can't contact you otherwise.
Could you pls tell me which Indicator/EA you are using in order to identify the candlestick patterns, the ones at the top-left of your charts ?

Thank you and best regards
Harold
  • #1,228
  • Oct 28, 2008 4:23pm Oct 28, 2008 4:23pm
Quoting qwasyx
Hi Hercs, can't contact you otherwise.
Could you pls tell me which Indicator/EA you are using in order to identify the candlestick patterns, the ones at the top-left of your charts ?

Thank you and best regards
Harold

Try this
Attached File(s)
File Type: ex4 Pattern_Recognition_Master_v3.ex4   24 KB | 1,155 downloads
“A setback is a setup for a comeback.”
  • #1,229
  • Oct 28, 2008 4:34pm Oct 28, 2008 4:34pm
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 don't see an entry on the chart...
  • #1,230
  • Oct 28, 2008 4:35pm Oct 28, 2008 4:35pm
Gregg,

Where did you get the "Super8" Filter?

Thanks
  • #1,231
  • Oct 28, 2008 4:38pm Oct 28, 2008 4:38pm
Hello everybody. I been reading throuhg the posts. have this doubdt, in the double CCI woody the white line is the 170 cci?

Regards,

Alejandro
  • #1,232
  • Oct 28, 2008 4:41pm Oct 28, 2008 4:41pm
NO, the white line is the 34, the green bar looking section is the 134.
  • #1,233
  • Oct 28, 2008 4:42pm Oct 28, 2008 4:42pm
Quoting rcbarlow
NO, the white line is the 34, the green bar looking section is the 134.

thanks a lot !
  • #1,234
  • Edited 5:22pm Oct 28, 2008 4:42pm | Edited 5:22pm
Folks, some advice from an old salt:

Use your 5 minute charts Or higher!!

If you're scalping - that's one thing but currency pairs trend wayyyyy too much to leave $$ on the table. (Not to mention the psycho aspects of seeing your trade take off after a 10-15 pip take)
You're already using a 170 CCI so it might be better to shift to th 34 on the the 5m.

Nevertheless, you folks are having fun - that's all that counts. Good luck with it all. I posted a 5m eurodollar chart using daily, weekly, and monthly midpivots. 2 lot trade 1 for 200 and change, the other for 175 I believe. Don't miss out on the real reason we like to trade currency.

Cheers,

ktrade

Edit: I'm terribly sorry for I've uploaded the wrong chart! It should have a 34/12 CCI at the bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: euro 2 lots.gif Size: 38 KB
  • #1,235
  • Oct 28, 2008 4:42pm Oct 28, 2008 4:42pm
Correction: The green bar section is the 170.
  • #1,236
  • Oct 28, 2008 4:43pm Oct 28, 2008 4:43pm
I take it one about hour ago , it been good finish for day , through day i have had cople trades , wich closed with sl
thanks everybody and good luck
pit
Attached Image (click to enlarge)
Click to Enlarge Name: second.gif Size: 51 KB
  • #1,237
  • Oct 28, 2008 4:52pm Oct 28, 2008 4:52pm
Here is the SuperFilter RC...I also added the DeltaForce for momentum--enjoy

Greg D
Attached File(s)
File Type: ex4 Delta Force.ex4   3 KB | 1,135 downloads
File Type: mq4 Super8 Filter.mq4   4 KB | 1,407 downloads
  • #1,238
  • Oct 28, 2008 5:04pm Oct 28, 2008 5:04pm
Thanks Greg.
  • #1,239
  • Oct 28, 2008 5:20pm Oct 28, 2008 5:20pm
I'd just like to share with you guys a strategy I've been using in conjunction with this awesome strategy. I like to trade with multiple lots to enable me to partially exit at critical points and lock in profit.

I've been using ATR 50 to set an initial Take Profit and Stop Loss and it has been working extremely well.

Specifically I use an inital 2ATR stop loss from the close price of the signal candle, regardless of where I actually managed to enter. I always ensure that spread is accounted for as well i.e if I am selling 1 lot I add spread to the SL. If I am buying, I ignore.

I also ensure that my Stop loss is on an odd number before I include spread in the price, i.e if my calculated SL is 1.2320, I make it 1.2321+spread.

I generally trade with 3 lots, 1 of these lots I set a TP at 3*ATR. same rules apply with spread, but I don't mind if this is an even number. If the first lot reaches TP I will move my stops to Breakeven.

My 2nd lot is somewhat discretionary, I may exit it at a pivot point or strong S/R level, or just if it looks like the trade is slowing.

My 3rd lot will only exit if the Entry CCI crosses back over.

One final thing I use ATR for is if I need to leave my position unattended for a period of time I will set a trailing stop of 3*ATR on at least one of my open positions.

Under the current market conditions (last week or so) this has been working brilliantly, often the Stop Loss has been missed by only a couple of pips and the TP has been hit by a couple of pips. Only time will tell if this will hold or whether the ATR level will need adjusting.....

Thanks CD for all your hard work! Hope this helps someone.
  • #1,240
  • Oct 28, 2008 5:33pm Oct 28, 2008 5:33pm
ATR strategy only tested on EU by the way....
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