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

  • #1,381
  • Oct 29, 2008 9:15pm Oct 29, 2008 9:15pm
Quoting CanuckCT
As I alluded to earlier, and here it is again, there are many instances where the CCI34 crosses zero before the CCI170, RSI is above 55 or 56, HA candles agree and the M5 also agrees (and sidewinder). But because the 34 crosses first, many would say its not a valid setup and could not be traded under the strict rules of FX Prime. And I agree.

However, as I wait and watch, it appears to me that I will want to trade some of these other moves where CCI34 crosses zero first.

So what I've done is add some moving averages to my chart...5, 15, 30 and 60 to represent the larger time frame trends of the M5, M15, M30 and H1. When the moving averages begin to separate with a clear move in price, as they have done in the chart below, and there is clear trend in CCI34 and 170, the RSI and HA agree on M1 and M5, I'll be considering a trade.

On this trade i was looking for a move between 1.2991 and 1.3077, the next fib level...about 86 pips in the range. I'm looking for 10 to 20.

I just closed 50 pips and am done for the day. A 317 pip day. Whew. Thanks Canadian_Dude, you are now on my Christmas card list.

It's a variation of the FX Prime rules and hope it's appropriate to discuss and post it here. If not, let me know and I'll limit my posts to the strict rules.

Cheers
CanuckCT
hmm... that is very very interesting... if that works as another way to take more trades and be right....
hmmm.....
  • #1,382
  • Oct 29, 2008 10:41pm Oct 29, 2008 10:41pm
we trade using fib ma's, try the 34 and 55, very good filters and support/resistance. We trade long above them and short below them, with CD's rules. Our favorite trade is the 34 or 55 bounce. when price is moving well and we get a retrace to the 2 ma's we are ready to get in if the indicators turn our way.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Oct. 29 20.39.jpg Size: 119 KB
  • #1,383
  • Oct 30, 2008 1:41am Oct 30, 2008 1:41am
forgot to say this in my first post earlier (was responding to an thread topic):

so... Canadian Dude... thnx so much for this system. great of you to share this around in the community. it looks like a real winner, pips galore on many moves and a few false trades (to be expected).

overall very very impressive. i had have some huge moves picked up by this system right at the outset/beginning of the move. amazing. a few falsies too.

just to get that filter you are currently working on to help filter those bad trades and this system will be hard to surpass.

great effort and thnx for the system Dude - you rock !!! 5 STARS !!
  • #1,384
  • Oct 30, 2008 1:54am Oct 30, 2008 1:54am
If anyone is interest in learning more pls let me know, but I think the key is waiting for the correct setup.


If anyone is interested in a live call room, pls let me know.


I and several other people are definitely interested....tried to email you but you don't have your email posted/listed....but definitely interested so let me/us know how to get a hold of you...thx
  • #1,385
  • Oct 30, 2008 1:59am Oct 30, 2008 1:59am
Quoting f4mnect
we trade using fib ma's, try the 34 and 55, very good filters and support/resistance. We trade long above them and short below them, with CD's rules. Our favorite trade is the 34 or 55 bounce. when price is moving well and we get a retrace to the 2 ma's we are ready to get in if the indicators turn our way.
I saw arrows everywhere on your chart... is it an arrrow with pop-up message? Could you share with us here ?

TQ
  • #1,386
  • Oct 30, 2008 2:28am Oct 30, 2008 2:28am
Quoting 4xplosion
If anyone is interest in learning more pls let me know, but I think the key is waiting for the correct setup.


If anyone is interested in a live call room, pls let me know.


I and several other people are definitely interested....tried to email you but you don't have your email posted/listed....but definitely interested so let me/us know how to get a hold of you...thx
If i get enough people to want a call room, i will setup a live voice chat system. It is up to CD and a few requests from people like you =-]. message me here or on the fxprime chat room and i will try and make this happen asap.

See the only problem i see happening with this is the kids who are going to try and play around connecting and making stupid noises and anoying everyone just like we get in the chat room sometimes. Harder to control a voice chat room then it is a text chat room. Give me ideas guys -=]
Time is what keeps everything from happening "right now".
  • #1,387
  • Oct 30, 2008 2:45am Oct 30, 2008 2:45am
Quoting Dv84
If i get enough people to want a call room, i will setup a live voice chat system. It is up to CD and a few requests from people like you =-]. message me here or on the fxprime chat room and i will try and make this happen asap.

See the only problem i see happening with this is the kids who are going to try and play around connecting and making stupid noises and anoying everyone just like we get in the chat room sometimes. Harder to control a voice chat room then it is a text chat room. Give me ideas guys -=]
Sounds good i will be happy to come in the chat also
Private Account Manager & Trader since 1999
  • #1,388
  • Oct 30, 2008 3:05am Oct 30, 2008 3:05am
Quoting humhohuf
Guys, firstly thanks to CD for putting together this system, it has great potential, but to be really successful - insight, common sense and sticking the the highest probability setups is a MUST. Please see my attached doc, which is a REAL LIVE account, as you can see even trading with samll lots you can make a good nightly income. I think there is probably around 300-400 i made the other night. In actual fact I was using a simmilar method I picked up from a very well know forex book (from amazon) using CCI and RSI, CD has put things in a nice package.

-Money Mgmt is KEY
-The Markets MOVING is KEY
-Staying OUT of trades is key
-Spotting ALL the right conditions is KEY
-at least 20% of the succesful trades came from my own interpretation of the best entries (as I think the system generates a lot of no trades when there is a complete legitimate reason for taking trades, these tend to be the more powerful moves
-Above all the exits should really come from yourself, I almost NEVER use the exits as recommended.

If anyone is interest in learning more pls let me know, but I think the key is waiting for the correct setup.

Again well done to all and lets enjoy the success. As for an EA, well watch this space, something interesting is happening soon!

One final note ref a trade call room for the newbies and assistance regarding the optimal setup, this will only work in a REAL TIME VOICE chat room, you MUST all understand ALL of the indicators used for this system are LAGGING indicators, the events have happened already, so you really do need to be quick when there is an entry and exit.

If anyone is interested in a live call room, pls let me know.

Ciao and WELL DONE to everyone making money, for those not there yet, stay with things have patience and grow your account slowly, there is no get rich scheme!

oh ref the chatroom and the guy that runs it DV83637398393 etc, he seems to be on some kind of trip, agree way over the top needs to relax a little.

Agree with a lot of what you say there Humhohuf. I have found that there is a lot to be said for taking one's time to learn the basics (one pair at a time) and intuition begins to form a larger percentage of the decisions of whether to take a trade or not and thus, increasing one's strike rate (with most methods I have used/ am using).

The chat room is a real hive of activity and posts are usually dropped into the room quickly so it can, I agree, become a little confusing at times.

Being able to filter out the weak signals is a must and as I pointed out to CD yesterday I am working on a method to do just that and it has got to a point where I am essentially not using FX Prime per se now although I still find the concept very interesting.

A big 'Up' to all those who have contributed to the development of the method on this thread and who have made it what it is and who have given me other avenues to pursue (and there are many of you) other than CD of course, that I have learned a great deal from.
  • #1,389
  • Oct 30, 2008 3:13am Oct 30, 2008 3:13am
Quoting Syahmi
I saw arrows everywhere on your chart... is it an arrrow with pop-up message? Could you share with us here ?

TQ

here it is
Attached File(s)
File Type: mq4 ARROW_RSI-8_CROSS-55 45.mq4   7 KB | 1,049 downloads
  • #1,390
  • Oct 30, 2008 4:20am Oct 30, 2008 4:20am
Quoting f4mnect
I agree, But i'm a old indicator collector(use to have a indicator addiction). so I grab everything and have it run threw it's paces.

Plus lol my partner test everything I send him, so I won't be doing the testing....hope he does not see this.

ok my partner tested it, it's a mess. it's all over the place. fxsoni trend analyzer v1b
  • #1,391
  • Oct 30, 2008 4:44am Oct 30, 2008 4:44am
Quoting Dv84
See the only problem i see happening with this is the kids who are going to try and play around connecting and making stupid noises and anoying everyone just like we get in the chat room sometimes. Harder to control a voice chat room then it is a text chat room. Give me ideas guys -=]
Can you configure a channel where only moderators can speak? I think that would cure a lot of ills.
  • #1,392
  • Oct 30, 2008 4:45am Oct 30, 2008 4:45am
Simply attach this indicator to the chart.

Parameter :-
Place.Line.Bars.Back = 0 --> will place the line on the current candle/tick.
1 --> will place the line 1 bar behind the current.

Line.Style = 1 / 2 / 3 / 4


Happy Trading
Attached File(s)
File Type: mq4 Vertical Line-moves with price.mq4   1 KB | 929 downloads
~ Let the TRADES come to you - be a TRAPPER not a HUNTER ~
  • #1,393
  • Oct 30, 2008 5:21am Oct 30, 2008 5:21am
Any ideas on a money management system/routine for the strategy. I'm trying a risk:reward of 1:2 SL = 10pips TP = 20 Breakeven SL after +5pips with some success but after reading hohum's reply I can understand why I'm not so successful. 50%.
  • #1,394
  • Oct 30, 2008 5:43am Oct 30, 2008 5:43am
Quoting profi4554
Simply attach this indicator to the chart.

Parameter :-
Place.Line.Bars.Back = 0 --> will place the line on the current candle/tick.
1 --> will place the line 1 bar behind the current.

Line.Style = 1 / 2 / 3 / 4


Happy Trading
Nice one, tx
  • #1,395
  • Oct 30, 2008 6:12am Oct 30, 2008 6:12am
Quoting profi4554
Simply attach this indicator to the chart.

Parameter :-
Place.Line.Bars.Back = 0 --> will place the line on the current candle/tick.
1 --> will place the line 1 bar behind the current.

Line.Style = 1 / 2 / 3 / 4


Happy Trading

Thanks a lot.... very useful to identify/recognize any breakouts.
  • #1,396
  • Oct 30, 2008 6:48am Oct 30, 2008 6:48am
Ok firstly I have updated my profiles to accept emails. Ok maintaining posts is challenging, so pls bear with me and I think if you have specifics off topic, then pls feel free to email me. I usually check non work related emails once a day.

So in no apparent order

- I apreciate this forum is specific to this set-up so will try my very best not to stray too much, however there are some relevant things that will get more from the set-up

- Response to DV26, listen I will not respond as your response to my post is quite enough and I dont feel it will be productive to reply.


- Regarding an EA I mentioned previously, this is a personal project my programnmer is working on, strictly speaking it will use C++ and Perl to hook directly into a brokers platform - in my case IG Index, the programmer tells me it should work with any platform, I disagree with him!

-I will get my template together and get some intructions written up ref my setup

- Last night, yes the I did manage to get around 350-400 pips, there were only a FEW VALID signals generated by this system, the rest was tick chart activity, and to be honest we all kinda new the 1% cut would kick in the asian session, together with Tokyo futures looking super, so sure the entry was the setup, the rest was a traders insight.

- OPTIMAL TRADING SETUP -

1. use the indicators that are on the first post ONLY initially
2. ALWAYS trade with caution when approaching FIB lines, highs lows etc
3. This system will generate around 60% succesful signals
4. To achieve 70% success or so, its really about managing positions
5. I like Moving averages and Laguerre indicators to help confirm setups
6. Some of the more powermoves are generated that contravene the optimal setups!

(in brief this is when the Trend CCI 170 crosses the 34 period, from +100 to below Zero, ignoring the fact we are positive or negative, maybe I need to show this on a chart)

This post is way too long, there is so much I want to say, but maybe I should stop for now.

Live voice call room, we need a list and I think we should trial something first. This will ONLY wirk with 1 way audio with the audience reponse in text

I almost always trade from 10pm GMT to 2am GMT (so deffo available during that time)

Rgds

Humhohuf
{Promotion Removed}
  • #1,397
  • Oct 30, 2008 7:07am Oct 30, 2008 7:07am
Hi DV84, a call room could be a good idea with a lot of potential. but how is the format going to be. is it going to be just what we have now but people can use their 'voice' and call out trades? because that is not much different than current room.

the problem with the room now and a call room like described above is that anyone can call whatever they want. half the chatter and calls in the room now are from people who dont know how to trade the system, or have their own version of it, or interpretation of it. some dont even use it and make calls for other systems !

a call room could be good, but it needs a vetted experienced person on CD's system to be calling it, or a group of vetted, tested, experienced people to make the calls - and only them.

if everyone is given free reign to call, there no knowing what calls will be made or what success will be had. IMHO.
  • #1,398
  • Oct 30, 2008 7:29am Oct 30, 2008 7:29am
Quoting humhohuf

I apreciate this forum is specific to this set-up so will try my very best not to stray too much, however there are some relevant things that will get more from the set-up

Live voice call room, we need a list and I think we should trial something first. This will ONLY wirk with 1 way audio with the audience reponse in text

Humhohuf
Hi Humhohuf,
thansk for your contributions. I am interested in your additional set up and trading rules. Thanks for sharing your trading results.
The voice call is a good idea and I hope it can be realised.

I hope you want to attach your template in a next message.

greetings and good trading!
Trading S/R with PA only. No indicators anymore!
  • #1,399
  • Oct 30, 2008 7:41am Oct 30, 2008 7:41am
Long Trade
CCI 170 Over the 0 Line showing uptrend MUST BE THE FIRST TO CROSS
CCI 34 Over 0 line as well showing uptrend MUST BE SECOND TO CROSS IN SAME DIRECTION
RSI over 55 <------ VERY IMPORTANT dont enter if its in between the 45-55 zone (45-55) IS DANGER DO NOT ENTER ZONE once it crosses in the same direction take the trade.

Short Trade
CCI 170 under 0 line showing down trend MUST CROSS FIRST
CCI 34 under 0 line showing down trend MUST CROSS SECOND
RSI under 45 same as above dont trade when in the 45-55 zone
----------------------------------------------------------------------------------------------
Which line is the CCI 170?
The light brown thin line or the thick yellow one?
Tried looking at the inputs but it does not inform one of which is which.
http://img46.imageshack.us/img46/1016/c170or2.jpg
Starting to see instead of just looking.
  • #1,400
  • Oct 30, 2008 7:45am Oct 30, 2008 7:45am
Quoting Rastaman
Long Trade
CCI 170 Over the 0 Line showing uptrend MUST BE THE FIRST TO CROSS
CCI 34 Over 0 line as well showing uptrend MUST BE SECOND TO CROSS IN SAME DIRECTION
RSI over 55 <------ VERY IMPORTANT dont enter if its in between the 45-55 zone (45-55) IS DANGER DO NOT ENTER ZONE once it crosses in the same direction take the trade.

Short Trade
CCI 170 under 0 line showing down trend MUST CROSS FIRST
CCI 34 under 0 line showing down trend MUST CROSS SECOND
RSI under 45 same as above dont trade when in the 45-55 zone
----------------------------------------------------------------------------------------------
Which line is the CCI 170?
The light brown thin line or the thick yellow one?
Tried looking at the inputs but it does not inform one of which is which.
http://img46.imageshack.us/img46/1016/c170or2.jpg

CCI 170 = light dark brown

CCI 34 = yellow and thicker line
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