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Powerful 1 Min Scalping System (Fx Prime)

  • #1,861
  • Nov 5, 2008 5:23am Nov 5, 2008 5:23am
Quoting f4mnect
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.
Hey man . . . not you! Don't stop posting! I get a lot from them! They're informative, easy to understand, and the way you explain things I am sure helps not only newbees, but us veterans as well!

P.S. and krmo - no offense taken (at least by me!) You just voiced what many of us think.
  • #1,862
  • Nov 5, 2008 5:35am Nov 5, 2008 5:35am
Quoting FXHOUND
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

Well I change the indicators code around a little so that when I post them to my 2 trading partners they see what I'm seeing. So here's my personal version of the Bollinger Squeeze(colors, line sizes, levels etc. changed, not the workings of the indicator)
Attached File(s)
File Type: mq4 Bollinger Squeeze vRSI.mq4   5 KB | 891 downloads
  • #1,863
  • Nov 5, 2008 5:45am Nov 5, 2008 5:45am
Quoting Flamenco143
Hey man . . . not you! Don't stop posting! I get a lot from them! They're informative, easy to understand, and the way you explain things I am sure helps not only newbees, but us veterans as well!

P.S. and krmo - no offense taken (at least by me!) You just voiced what many of us think.

LOL I did get a little chatty tonight, Not very focused, with the election, no sleep and 100 pips in the bank. but I do agree on the charts to a point, I like seeing the charts other people are trading, I can learn a lot from how other people set up there charts and trade them, but there are a few charts posted here I can't even break apart to see what there doing, they make my head hurt lol.

And Krmo no offense taken
  • #1,864
  • Nov 5, 2008 6:04am Nov 5, 2008 6:04am
Here's 2 right out of CD'S play book, 1 loser(RED Line) -12, 1 very nice winner(Yellow Line) +115 total move so far from entry.

Neither I took, I'm brain dead right now, but just posting to show
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_15 Nov. 05 04.00.jpg Size: 115 KB
  • #1,865
  • Nov 5, 2008 6:14am Nov 5, 2008 6:14am
Nice, I also did not take as my old thoughts of waiting for break took over!!!
Watching for a pull back and the indicators to reset.
Attitude can reflect outcome in life and trading!
  • #1,866
  • Nov 5, 2008 6:21am Nov 5, 2008 6:21am
cool, but gbp looking to be setting up my bounce, i may be in soon. If the planets align......never mind lol, don't care, time to nap, grabbing a few winks, good luck everybody
  • #1,867
  • Nov 5, 2008 6:29am Nov 5, 2008 6:29am
Quoting f4mnect
Here's 2 right out of CD'S play book, 1 loser(RED Line) -12, 1 very nice winner(Yellow Line) +115 total move so far from entry.

Neither I took, I'm brain dead right now, but just posting to show
I take this one too, but I have take profit 100 and +100 pips
good luck
pit
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 53 KB
  • #1,868
  • Nov 5, 2008 6:30am Nov 5, 2008 6:30am
f4mnect

How do you determine if there is enough momentum for the trade to be a good signal? If you look at your chart, there were some false signals....
  • #1,869
  • Nov 5, 2008 8:22am Nov 5, 2008 8:22am
Ohh... thats nice profit!!

Quoting pitpiter
I take this one too, but I have take profit 100 and +100 pips
good luck
pit
  • #1,870
  • Nov 5, 2008 8:30am Nov 5, 2008 8:30am
Hi guys, I'm trying to get on to the chat room but not successful. Is it down?
  • #1,871
  • Nov 5, 2008 8:37am Nov 5, 2008 8:37am
Quoting f4mnect
Here's 2 right out of CD'S play book, 1 loser(RED Line) -12, 1 very nice winner(Yellow Line) +115 total move so far from entry.

Neither I took, I'm brain dead right now, but just posting to show
Correct me if I'm wrong...but I don't believe the first trade was a valid trade since the 34 CCI led the 170. According to the rules on the 1st post, the 170 CCI should always be leading.

This prevents entering a retracement on the wrong side, and ensure you stay with the longer-term trend.
  • #1,872
  • Nov 5, 2008 8:45am Nov 5, 2008 8:45am
Hey All,
Many questions about taking profit after entering trade that has run for awhile.
I like to use the Divergence between Price and the CCI_34 to help me see an appropiate exit.
Really like the way Konstas and f4mnect use the MA's to reflect what is happening on CD's setup.
Hope this is helpful.
CCE
Attached Image (click to enlarge)
Click to Enlarge Name: CCI_34 Price Divergence.gif Size: 67 KB
I get exercise just pushing my luck
  • #1,873
  • Nov 5, 2008 8:56am Nov 5, 2008 8:56am
Where is CD, I miss him.
  • #1,874
  • Nov 5, 2008 9:13am Nov 5, 2008 9:13am
Quoting cce
Hey All,
Many questions about taking profit after entering trade that has run for awhile.
I like to use the Divergence between Price and the CCI_34 to help me see an appropiate exit.
Really like the way Konstas and f4mnect use the MA's to reflect what is happening on CD's setup.
Hope this is helpful.
CCE
Great thanks. Just a simple question. According to this there were divergences also a little bit earlier, like an example in the middle of the second run. How to avoid also that?
  • #1,875
  • Nov 5, 2008 9:14am Nov 5, 2008 9:14am
Guys, first of all thanks to ALL of you for the continuation of this thread. To those who have posted stuff, kudos. The amount of information posted on this thread is invaluable.
I have been using this system for about two weeks and can say i have had more winers than losers, my question is (being a money management freak) whats the best stop loss to use? I would really appreciate it if one of the experienced traders could help me with this problem.

Thanks a million guys!!
10 pips a day keeps the blues away!!
  • #1,876
  • Nov 5, 2008 9:22am Nov 5, 2008 9:22am
Quoting nyapwiltex
Correct me if I'm wrong...but I don't believe the first trade was a valid trade since the 34 CCI led the 170. According to the rules on the 1st post, the 170 CCI should always be leading.

This prevents entering a retracement on the wrong side, and ensure you stay with the longer-term trend.
It's kind of hard to tell from his chart, but it looks like he popped that losing trade on the first bar of the 170 when it crossed down passed the 0. My understanding of the rules is that that WOULD be a valid trade, but CD explained somewhere that when both the 170 and 34 cross at the same time he waits for the bar/candle to close. At least I think that's right!

I usually wait a little longer. f4mnect can probably enlighten us later why he took that trade. Best to get it directly from the horses mouth.

Sorry for calling you a horse f4mnect!
  • #1,877
  • Nov 5, 2008 9:23am Nov 5, 2008 9:23am
hello everyone, Great thread!

Am I correct that the 170cci can be over the zero line for quite a bit of time and then if the 34cci crosses the zero line at the same time as the rsi crosses the 55 (long) then it's a good signal? No need for the 170cci to cross just minutes before the 34?

Thx
Todd
  • #1,878
  • Nov 5, 2008 9:44am Nov 5, 2008 9:44am
Quoting idejs
Great thanks. Just a simple question. According to this there were divergences also a little bit earlier, like an example in the middle of the second run. How to avoid also that?
idejs,
I use S/R from prior price action to help see if the trade might go further. For the sake of presenting a clean chart to view I deleted all those S/R lines.

I've noticed on CD's setup of the Dbl_Woody_CCI that there is often divergence seen between the 34 and 170 that can give a hint as to where the market might be going.

Nothing's set in stone. Sometimes I just take whatever profit I'm offered or settle for as small a loss as possible. Then wait for the next promising setup.
Good luck with your trades.
CCE
I get exercise just pushing my luck
  • #1,879
  • Nov 5, 2008 10:06am Nov 5, 2008 10:06am
Quoting cce
idejs,
I use S/R from prior price action to help see if the trade might go further. For the sake of presenting a clean chart to view I deleted all those S/R lines.

I've noticed on CD's setup of the Dbl_Woody_CCI that there is often divergence seen between the 34 and 170 that can give a hint as to where the market might be going.

Nothing's set in stone. Sometimes I just take whatever profit I'm offered or settle for as small a loss as possible. Then wait for the next promising setup.
Good luck with your trades.
CCE

Thanks. That makes sense. I`ll look forward to check that. Happy pipping.
  • #1,880
  • Nov 5, 2008 12:39pm Nov 5, 2008 12:39pm
Hi,

Does anyone have a full statistics of win and lose on a live account regarding this system?
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