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Powerful 1 Min Scalping System (Fx Prime)

  • #1,841
  • Nov 5, 2008 4:00am Nov 5, 2008 4:00am
Quoting fas24
Firstly I would like to congratulate CD for posting such a good trading system which is so easy to learn.

Secondly I would also like to thank all contributors to this thread, I like the thought provoking comments posted.

Finally my question is directed to f4mnect. What is the yellow line added to your chart in your recent posts, what are the setup parameters and how do you use this indicator in your trading ?

Many thanks in advance
yellow line a 3ema applied to close, it's something somebody else brought up earlier in this thread. It's more a visual to me than anything else. when it crosses my other ma's and my other 3 ma's are in proper order, I'm then looking for 34 cci support and the rsi is my trigger. just how I'm doing it. Here's the 3 other MA's I'm using. The 170 MA, is replacing the 170 cci. But my main trades with this set up, are the price bouncing off of the 34/55 MA's in direction of current move, with the cci supporting trade but rsi used as trigger
Attached File(s)
File Type: mq4 !!guppy34.mq4   2 KB | 939 downloads
File Type: mq4 !!guppy55.mq4   2 KB | 739 downloads
File Type: mq4 !!guppy170.mq4   2 KB | 776 downloads
  • #1,842
  • Nov 5, 2008 4:10am Nov 5, 2008 4:10am
this is a perfect 34/55 bounce in my book, what i like to see
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_13 Nov. 05 02.09.jpg Size: 78 KB
  • #1,843
  • Nov 5, 2008 4:17am Nov 5, 2008 4:17am
Quoting f4mnect
yellow line a 3ema applied to close, it's something somebody else brought up earlier in this thread. It's more a visual to me than anything else. when it crosses my other ma's and my other 3 ma's are in proper order, I'm then looking for 34 cci support and the rsi is my trigger. just how I'm doing it. Here's the 3 other MA's I'm using. The 170 MA, is replacing the 170 cci. But my main trades with this set up, are the price bouncing off of the 34/55 MA's in direction of current move, with the cci supporting trade but rsi used as trigger
Many thanks f4mnect for answering my question
  • #1,844
  • Edited 4:19am Nov 5, 2008 4:18am | Edited 4:19am
Ok folks.... CCI alert with 34, 55 and 170 breakouts....

Look at the arrows on the chart.

Enjoy.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 44 KB
Attached File(s)
File Type: mq4 oaCCI_Cross_New.mq4   7 KB | 628 downloads
File Type: ex4 oaCCI_Cross_New.ex4   8 KB | 492 downloads
  • #1,845
  • Nov 5, 2008 4:24am Nov 5, 2008 4:24am
Quoting fas24
Many thanks f4mnect for answering my question

my pleasure
  • #1,846
  • Nov 5, 2008 4:26am Nov 5, 2008 4:26am
Quoting Syahmi
Ok folks.... CCI alert with 34, 55 and 170 breakouts....

Look at the arrows on the chart.

Enjoy.
Exactly where ARE your arrows? I can't find them in that mess!
  • #1,847
  • Nov 5, 2008 4:29am Nov 5, 2008 4:29am
Quoting f4mnect
this is a perfect 34/55 bounce in my book, what i like to see
Hi f4mnect.
Which RSI indi u use ?
Thank's
pit
  • #1,848
  • Nov 5, 2008 4:32am Nov 5, 2008 4:32am
Quoting pitpiter
Hi f4mnect.
Which RSI indi u use ?
Thank's
pit

Bollinger Squeeze set to 14 right now, I have been watching the 8 setting and 14, liking the 14 right now, but will test it more this weekend
  • #1,849
  • Nov 5, 2008 4:32am Nov 5, 2008 4:32am
Quoting Flamenco143
Exactly where ARE your arrows? I can't find them in that mess!
are u kiding??
it's good looking arrows on the north-est part
  • #1,850
  • Nov 5, 2008 4:33am Nov 5, 2008 4:33am
Quoting f4mnect
Bollinger Squeeze set to 14 right now, I have been watching the 8 setting and 14, liking the 14 right now, but will test it more this weekend
many thank's
  • #1,851
  • Nov 5, 2008 4:34am Nov 5, 2008 4:34am
Quoting Flamenco143
Exactly where ARE your arrows? I can't find them in that mess!
LOL I was thinking the same thing. plus watch out for arrows while scalping, there a bar late.
  • #1,852
  • Nov 5, 2008 4:43am Nov 5, 2008 4:43am
So what system/ method is that chart of?
Are those indicators part of this original thread?
Why is it that all threads seem to go down this road?

CD, how can we clean up this thread to show only comments and charts of your method?
You can ban me if you want for this rant, but I will still be test trading the original method (very good so far!!!) for another 2 weeks and would really like to see charts of both good and bad trades for discussion.
Not complete other systems.
The original system seem very good so far with alternate money management.

Now, go ahead, let's here the rebuff!!!! (yes I know I added my change with MM!!!)
Attitude can reflect outcome in life and trading!
  • #1,853
  • Nov 5, 2008 4:50am Nov 5, 2008 4:50am
congratulations f4mnect (http://www.forexfactory.com/member.php?u=54755) on your pips man..good work , i wanted to ask you after the bounce off 34,55 when do u exit your trade ?..thanks
  • #1,854
  • Nov 5, 2008 4:58am Nov 5, 2008 4:58am
Quoting krmo
So what system/ method is that chart of?
Are those indicators part of this original thread?
Why is it that all threads seem to go down this road?

CD, how can we clean up this thread to show only comments and charts of your method?
You can ban me if you want for this rant, but I will still be test trading the original method (very good so far!!!) for another 2 weeks and would really like to see charts of both good and bad trades for discussion.
Not complete other systems.
The original system seem very good so far with alternate money management.

Now, go ahead, let's here the rebuff!!!! (yes I know I added my change with MM!!!)
I think we all know what you're 'ranting' about and a lot of us absolutely agree with you! The system laid out by CD on Post #1 is the gold! However, in some posts you'll see reference to the Bollinger Squeeze. This WAS on CD's original system, but was eventually replaced (by him I think) with the Double Woodies CCI. Some traders still use it.

And even if CD started a new thread the same thing would happen there as has happened here. Unfortunately it's inevitable! And it confuses the newbees trying to learn the system. All I can suggest (which I did previously) is JUST read the posts posted by CD and ignore all other posts, including mine. Any modifications to his strategy he feels improves it he'll talk about it.

However, in all fairness, many traders have posts here which have really helped understand and use the strategy better. Just weed out the chaff from the wheat. But what is one trader's 'chaff' may be another's 'wheat'.
  • #1,855
  • Nov 5, 2008 4:59am Nov 5, 2008 4:59am
Quoting ysewellam
congratulations f4mnect (\"http://www.forexfactory.com/member.php?u=54755\") on your pips man..good work , i wanted to ask you after the bounce off 34,55 when do u exit your trade ?..thanks


lol still working that out. i use no indicators for exit, don't feel you can. I tend to lock in BreakEven then just feel my way threw trade, the 2 chf trades were very good exits, my gbp long earlier I took 10 pips and it went a total of 83 pips from my entry. So you win some, you lose some exits. But I'm use to scalping, which to me is in and out trades for 2 to 10 pips over and over, This hybrid scalping set up CD has handed us is pretty amazing and I still haven't adapted to holding 1 min trades thru bounces in price, I will and do hold my 1 hour charts trades, but this 1 min set up has me baffled on the exits lol
  • #1,856
  • Nov 5, 2008 5:03am Nov 5, 2008 5:03am
yeah with us as scalpers , exit is really kind of a feeling..run quick
  • #1,857
  • Nov 5, 2008 5:06am Nov 5, 2008 5:06am
I'm not here to confuse anybody or take away from CD's set up. Everything from Cd's original set up are on my charts, plus the 3 Fib MA's I use on higher time frames. I just personally look at a chart a little differently and take in info a little differently, so I adapted his set up to more of a visual that works for me. I'll stop posting charts, not here to confuse anybody.
  • #1,858
  • Nov 5, 2008 5:10am Nov 5, 2008 5:10am
im sure if there is something that deserves to be added and helpful to CD'S system ,CD will be happy to add it
  • #1,859
  • Nov 5, 2008 5:20am Nov 5, 2008 5:20am
No offense intended.
I just think some consistency in the charts posted would help everyone get on the same page.
Metatrader has templates and profiles which can be changed quickly.
If someone uses other tools outside the original method they could switch template prior to posting a chart.
Maybe we could start posting snap shots of trades when they were taken and then follow the progress.
I only suggest this as the charts would show the actual entry and stop lines on the original template.
That way we could all analyze the trade whether + or - pips.

Just a thought!!

Hope +pips for all!!
Attitude can reflect outcome in life and trading!
  • #1,860
  • Nov 5, 2008 5:23am Nov 5, 2008 5:23am
Quoting f4mnect
Bollinger Squeeze set to 14 right now, I have been watching the 8 setting and 14, liking the 14 right now, but will test it more this weekend
Hello f4mnect,

Which post# that I could download Bollinger Squeeze to look just exactly like your RSI indicator window.

Thanks for your time and effort in teaching us some tips for better trading
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