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Powerful 1 Min Scalping System (Fx Prime)

  • #1,781
  • Edited 3:05am Nov 4, 2008 2:44am | Edited 3:05am
Right on! There is now way too many variations to CD's system being introduced, and the whole system CD created is being corrupted. I've seen this happen time and time again with almost every thread.

There has recently been a couple of posters that have dominated the thread with posts about their charts (which look like visual nightmares from hell) that contain every indicator known to man, and any similarity between those cluttered charts and CD's original system is purely coincidental.

Unfortunately, I think you're going to see the situation get worse, and not better. Short of starting a whole new thread and having to rename it, there won't be too much CD can do.

Your time may be better spent by just concentrating only on those entries posted by CD himself. If anyone contributes anything of value to CD's strategy you can believe he will write about it. That will save you (and me) the time of going through all the B.S. about extraneous information, charts, and added indicators which add no value to CD's great system because unfortunately there is no way any longer to discern between valid contributions by other posters and quite frankly . . . . crap!

I no longer have time to read all posts here, so this may also be my last one for awhile. It's starting to take me away from my trading.
  • #1,782
  • Nov 4, 2008 3:06am Nov 4, 2008 3:06am
ya, it works fine untill I saw way too many other indicator and its finally making me losing my direction....
  • #1,783
  • Nov 4, 2008 3:24am Nov 4, 2008 3:24am
Quoting Flamenco143
I've seen this happen time and time again with almost every thread.
So True... This is probably the best system I have come across... with only the added version of Konstas for visualisation and for the longer trade of the 170. Plus the CCI indicator posted by someone with the sound alerts.

In short, leave the system as it is. Any additions to the system that is not in line is not CD's system anymore.

Yes we probably need a filter for ranging market but that is ALL this system needs but even without it we still make money.

M&M
  • #1,784
  • Nov 4, 2008 3:41am Nov 4, 2008 3:41am
SL hit

Any of you took this trade?
Was this a valid signal?
SL was to close?

Big pips to all

Necre
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  • #1,785
  • Nov 4, 2008 3:55am Nov 4, 2008 3:55am
Quoting necre
SL hit

Any of you took this trade?
Was this a valid signal?
SL was to close?

Big pips to all

Necre
Dang - I just got through saying I wasn't going to post anymore and yet - here I am still!

Yes - it was a valid sign according to the indicators and rules. BUT - - - - whenever you have a huge spiking candle as you did on that entry it usually negates whatever the other indicators will tell you.

I've discovered that when that happens it's best to sit back and watch for a little while. Yes - you may miss the trade - but in so many similar situations you'll see that price will return fairly close to where it was just before the spike. Same thing happens at huge news releases. You'll see an unbelievable price spike, then 20 minutes later or so guess what . . . price pretty well goes right back to where it was before the news release.

Always be suspicious of those spikes. What was your HAS candles telling you about the strength and movement of the trend before the candle spike?
Whatever it was chances are better than 50/50 that the previous trend will resume it's normal movement after awhile. Again - it doesn't pay to pull the trigger just because everything lines up with every potential trade.
  • #1,786
  • Nov 4, 2008 4:10am Nov 4, 2008 4:10am
quick 15 pips, love the bounces off ma's in direction of trend
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  • #1,787
  • Nov 4, 2008 4:21am Nov 4, 2008 4:21am
Thank you for your reply Flamenco.

Fortunately, I took this trade on a demo account. Until I completly understand the system i will only trade it on demo.

Another question... Do you think that SL should be placed at the most recent low (in case you go long)? Or you consider 15-20 pips regarless of price action?

Best of pips

Necre
  • #1,788
  • Nov 4, 2008 4:37am Nov 4, 2008 4:37am
Quoting necre
SL hit

Any of you took this trade?
Was this a valid signal?
SL was to close?

Big pips to all

Necre
Hi Necre, I could not resist myself.
Although this was a valid entry however as you can see entry candle is so volatile and had big move. With these kind of candles we should expect big retracments. The more bigger candle the more bigger retracement. %90 of these kind of candles for any system are not good point to enter. Specially when we are having only 10pips stop loss.

regards

well someone has already answer your post and its %100 perfect.
member
  • #1,789
  • Nov 4, 2008 4:41am Nov 4, 2008 4:41am
Quoting necre
Thank you for your reply Flamenco.

Fortunately, I took this trade on a demo account. Until I completly understand the system i will only trade it on demo.

Another question... Do you think that SL should be placed at the most recent low (in case you go long)? Or you consider 15-20 pips regarless of price action?

Best of pips

Necre
You are definitely asking the wrong person that question. AFter 7 years I still have not solved the problem of whether or not to use S/L. To me price action is what it is ALL about! That's what paints the indicators and not the other way around.

You have to consider the pair. Sorry - I can't give you a more definitive answer. If I'm riding the 34 CCI crossing '0' for the long haul I use no stop losses. If I get nervous for any reason (too much coffee?) I'll get out if the CCI re-crosses the 100 or 200 line. Takes a little practice. I guess what I'm saying is that I don't like standard s/l. They just don't work for me.
  • #1,790
  • Nov 4, 2008 5:05am Nov 4, 2008 5:05am
Quoting necre

Fortunately, I took this trade on a demo account. Until I completly understand the system i will only trade it on demo.


Necre
As Confucious use to say in 460BC, "It is not only necessary to understand your forex trading system. One must understand one's self more!"
  • #1,791
  • Nov 4, 2008 5:51am Nov 4, 2008 5:51am
Quoting necre
SL hit

Any of you took this trade?
Was this a valid signal?
SL was to close?

Big pips to all

Necre
Hi Necre

The stop loss was way to close for the Gbp or any pair for that mather on that spike. Either wait for retrace after spike or place stop loss below Gann to have a safty net. If stop is to big for you just wait for retrace so when you place your stop loss below the Gann it is 10 or 15 pips from your entry. It's not part of CD's system but it work for me.
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 ###Gann_HiLo_Activator_v2###.ex4   2 KB | 638 downloads
  • #1,792
  • Nov 4, 2008 5:57am Nov 4, 2008 5:57am
Hey Flamenco,

When you are playing the 34CCI crossing zero, are you waiting a few bars to avoid whipsaw. I've been doing something similar and getting whippsawed a few times and then catching the trade. For example...are you looking for CCI34 to move above 100 in an orderly fashion, or anything else in particular.

I'm guessing that is the way it goes when playing that particular trade. You can't catch them all perfectly.

Thanks...and I'm enjoying your comments here.

Cheers
CanuckCT


Quoting Flamenco143
You are definitely asking the wrong person that question. AFter 7 years I still have not solved the problem of whether or not to use S/L. To me price action is what it is ALL about! That's what paints the indicators and not the other way around.

You have to consider the pair. Sorry - I can't give you a more definitive answer. If I'm riding the 34 CCI crossing '0' for the long haul I use no stop losses. If I get nervous for any reason (too much coffee?) I'll get out if the CCI re-crosses the 100 or 200 line. Takes a little practice. I guess what I'm saying is that I don't like standard s/l. They just don't work for me.
  • #1,793
  • Nov 4, 2008 6:39am Nov 4, 2008 6:39am
Hi Folks !

Attached you will find an actual snapshot of GBP/USD 1min chart
with my marked live trades.

Red line was a sell.

Green line was a buy.

This is a killer Folks

Greetings

Bernhard
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_usd.gif Size: 56 KB
  • #1,794
  • Nov 4, 2008 6:57am Nov 4, 2008 6:57am
Quoting CanuckCT
Hey Flamenco,

When you are playing the 34CCI crossing zero, are you waiting a few bars to avoid whipsaw. I've been doing something similar and getting whippsawed a few times and then catching the trade. For example...are you looking for CCI34 to move above 100 in an orderly fashion, or anything else in particular.

Cheers
CanuckCT
Boy - I wish my wife thought I was as smart as you guys do. Well, I'm going to go out on a limb here and say, no matter what level indicator, filter or time frame you use them on, whipsaws/false break-outs will always exist. They are (for the most part) completely undetectable from strong trending moves. Initially, everything looks the same.

And it's like being tattooed by a blind tattoo artist. You don't notice the damage that's going to be done until the damage is done.

Since I primarily trade other more volatile pairs than the E/U (not necessarily smart on my part!) false break-outs (whipsaws) are my main worry. So I guess to answer your question as accurately as possible, yes I frequently wait, and don't trade an immediate cross.

But this sometimes bites me right in the butt! In general, because I'm so use to and familiar with Woodies complete trading system, I do like to see some strength in the CCI movement between the '0' and the 100 line.

Sometimes it works well. sometimes it doesn't. Whipsaws! You'll have em, I'll have em. Yes, we'll lose money on em. But when we catch the big trend (and this usually is more accurately gauged by the time of the market's hours) it wipes away the small losses.

I'm sorry cause I know I didn't really help you. Someday - someone's going to invent a "whipsaw detector' and wind up making more money than anyone has ever made trading the forex!
  • #1,795
  • Nov 4, 2008 7:29am Nov 4, 2008 7:29am
Hi Folks !

And here is another snapshot of GBP/USD 1min chart
And the pip collection goes on.....

Yes you have periods of flat movement ..

But the major trends in 1min time frame give me always a
positive balance at the end of t6he trading day

Greetings

Bernhard
Attached Image (click to enlarge)
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  • #1,796
  • Nov 4, 2008 7:43am Nov 4, 2008 7:43am
Quoting behof
Hi Folks !

And here is another snapshot of GBP/USD 1min chart
And the pip collection goes on.....

Yes you have periods of flat movement ..

But the major trends in 1min time frame give me always a
positive balance at the end of t6he trading day

Greetings

Bernhard

Could you pls attach your template pls, TQ.
  • #1,797
  • Nov 4, 2008 7:43am Nov 4, 2008 7:43am
Quoting behof
Hi Folks !

And here is another snapshot of GBP/USD 1min chart
And the pip collection goes on.....

Yes you have periods of flat movement ..

But the major trends in 1min time frame give me always a
positive balance at the end of t6he trading day

Greetings

Bernhard
Hey Bernhard,

Can you post your T3 RSI 34 indicator?

Thanks.
  • #1,798
  • Nov 4, 2008 8:02am Nov 4, 2008 8:02am
I PM'd you.
  • #1,799
  • Nov 4, 2008 8:11am Nov 4, 2008 8:11am
Quoting Rosscub
Hi CD,

I have found a pattern that may be useful under certain market conditions....
Hi Rosscub,

I'm slowly reading the thread and came across this post (post 880) of yours and thought I would add a few notes to the chart that may help with a Re-Entry point in a strong trend.
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  • #1,800
  • Nov 4, 2008 8:31am Nov 4, 2008 8:31am
Hi Bernhard,

Could you let me know the settings for your t3 - is it 34, 34, 618(curvature)?

Do you use the cci 170, since you appear also to be taking counter trend trades?

Many thanks

Pardy



Quoting behof
Hi Folks !

Attached you will find an actual snapshot of GBP/USD 1min chart
with my marked live trades.

Red line was a sell.

Green line was a buy.

This is a killer Folks

Greetings

Bernhard
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