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

  • #2,041
  • Nov 9, 2008 4:57pm Nov 9, 2008 4:57pm
Precisely what I am looking at. It's very interesting.
Cheers
CanuckCT

Quoting emda
I'll try to use the allwoodies to enter in higher timeframes with the same method... but with minimum leverage and bigger stops.. I don't know... maybe it doesn't work.. or maybe it is easier to trade the 1M in different pairs instead.
  • #2,042
  • Nov 9, 2008 5:01pm Nov 9, 2008 5:01pm
Quoting deepdrunk
thanks for the indicators
You are welcome
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #2,043
  • Nov 9, 2008 5:14pm Nov 9, 2008 5:14pm
Hey CEO,
Thanks for the CCI lesson. Those small changes to MA do give a better representation of CCI.
Cheers
CanuckCT

Quoting C.E.O.
The EMA is a more accurate representation of the CCI however you will not be able to achieve an exact replica of CCI with moving averages.....[list=1][*]<LI class=level1>Calculate the last period's Typical Price (TP) = (H+L+C)/3 where H = high, L = low, and C = close.
<LI class=level1>Calculate the 20-period Simple Moving Average of the Typical Price (SMATP).
<LI class=level1>Calculate the Mean Deviation. First, calculate the absolute value of the difference between the last period's SMATP and the typical price for each of the past 20 periods. Add all of these absolute values together and divide by 20 to find the Mean Deviation.[*]The final step is to apply the Typical...
  • #2,044
  • Nov 9, 2008 5:19pm Nov 9, 2008 5:19pm
Quoting jackfx
Hi Guys

Could anyone tell me where I can get Bollinger Sgueezze CC34 AND CC170 for the system

Many Thanks
Jackfx
Here it is but it is in the forum
Attached File(s)
File Type: mq4 Bollinger Squeeze v8.mq4   5 KB | 829 downloads
File Type: mq4 DoublecciWoody.mq4   6 KB | 569 downloads
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #2,045
  • Nov 9, 2008 6:10pm Nov 9, 2008 6:10pm
That's a shame that a guy with so much to add is now gone. Good luck with your trading.
Cheers
CanuckCT

Quoting Flamenco143
Well said Konstas! I deleted my last Post. Reading posts after it I'm giving up cause I realized I was only beating a dead horse. I'm gone. Gonna make some more money and stop worrying about people that will never get it. Waste of my time.
  • #2,046
  • Nov 9, 2008 6:49pm Nov 9, 2008 6:49pm
I don't get it- I guess I'm just "old school". If you read a question from a new trader; or experienced trader for that matter; that has been asked many time before and answered elsewhere in the thread, or is just plain silly - why try to answer? It's a waste of time, skip it and go on to the next post, nothing says you have to answer.

That's just my take on what seems to be happening here. It also happens in most other threads. Here it's usually about ea's, where is the new indicator, or how do you set up and trade your charts. I say - skip over these questions and go on to something else. Don't let what you don't like run you off the thread.

Just me again; ranting. But I do hate to see us losing good people who have much to offer.
Hej.
  • #2,047
  • Nov 9, 2008 8:12pm Nov 9, 2008 8:12pm
Quoting Stitch961
I don't get it- I guess I'm just "old school". If you read a question from a new trader; or experienced trader for that matter; that has been asked many time before and answered elsewhere in the thread, or is just plain silly - why try to answer? It's a waste of time, skip it and go on to the next post, nothing says you have to answer.

That's just my take on what seems to be happening here. It also happens in most other threads. Here it's usually about ea's, where is the new indicator, or how do you set up and trade your charts. I say - skip over these questions and go on to something else. Don't let what you don't like run you off the thread.

Just me again; ranting. But I do hate to...
I can only answer for me as to why I'm not going to post additional help anymore. Quit frankly, I have absolutely nothing else to say that would help anyone.

I am not a 'creative intellegent trader' like CD and others who can put together an array of indicators to create a paying system. Like my music (I can't play anything original) I can only emulate and copy precisely something that someone else has brought to life.

So, for me to post any further posts on how I trade, why, and when would just be 'pissing in the wind'. I can say, "I learned these things from CD" just so many ways. Like f4xnect and some others, I'll ocassionally monitor this thread, because it is my #1 system.
  • #2,048
  • Nov 9, 2008 9:04pm Nov 9, 2008 9:04pm
We totally understand..!Take care Flamenco, Happy pips, and more importantly, Happy Riding!!
  • #2,049
  • Nov 9, 2008 9:50pm Nov 9, 2008 9:50pm

"12 pips can turn 10,000$ Into 2 900 000$"


Ok I haven't added any value in here for a little while so I am going to add TONS of value with this post.

This post could be worth thousands after thousands of dollars if you GET it.

First let me ask you a very simple question? WHAT is easier

1. Trade for 10 hours a day and hope to get 100 pips?
2. Trade for 3 hours a day and hope to get 12 pips?

What seems harder to do?

#1 is for sure harder to do....

Why? Well the more you trade the more you use emotion, the more emotion the worst your trading gets, the more hours in front of your pc looking for fx prime signals on all charts the more TIRED you get and the less accurate your trading becomes.

A very smart man tought me the true power of trading forex when he said that all you need is 12 pips a day or less.

Can you imagine wake up in the morning get 1 signal, get your 12 pips and turn off your pc and go spend time with your family, without having your eyes all red and itchy from spending a whole day in front of your pc!!!. Can you imagine the freedom you would have if you could just do 12 pips a day and in a year take 10k and turn in into 2 million?

Well here is what I am doing.


FX Prime 12 Pips (MIN) A Day (COMPOUNDING YOUR LOTS DAILY) Money
Management System


1. Find a currency you know well and STICK TO IT
2. Trade only durring that currencies opening time so if your trading eurusd... during 8am-11am est time


3. Try to avoid news, if news hits go to london open
4. Setup your trades for 10 s/l when you are ahead 12 pips put s/l to 12 pips profit and let it ride, keep moving s/l 5 pips behind the trade.


5. 3 STRIKES AND YOUR OUT. You can only make 3 trades using s/l of 10 so your max daily loss is 30 pips.


So lets say you get 12 pips on your first trade you set s/l to 12 pips and you let it ride... This could net you 25-80 pips or more...


Now if you lose your first trade your down 10 pips


You try a second time if you get 12 pips put s/l right near it and let it ride here you need 24 pips to win if you get stopped out at 12 pips now your break even.


Take your third strike and try again if you lose again your down 10 pips if you win your trade you are done and have your daily 12 pips.


"The Reason Many Traders Fail, Is Because They Have No Solid Structure"


This will reduce the amount of trades you take and give you structure. As we are looking for less pips our lots are bigger. I am looking at doing 2.4% return minimum. Some days will be much higher than that and others will be lower.


All in all its very doable and can net you tons of money without over trading or spending more time with your pc than your wife and kids!


Here is a pdf file on how the numbers look like at 12 pips min a day. Pretty fun!


Enjoy and keep on fx priming!

Attached File(s)
File Type: pdf FXPRIME10K2MILLION.pdf   31 KB | 2,517 downloads
  • #2,050
  • Nov 9, 2008 10:04pm Nov 9, 2008 10:04pm
This is my first post on this already long thread, i'm a long time reader and I use this system since October 13th with acceptable results for my standards.

But i'm sad to see valuable users that were willing to help being forced to exit this conversation/discussion due to somewhat less experienced traders trying to find the holy grail, or "rushing" through here and forcing meaningfull questions.
As far this has been said over a million times, there is no holy grail of forex trading... and never will.

What I suggest is that we that are faithfull to this system and are following its rules, continue to discuss and honing its entry/exit points, this system has already a pretty high success ratio, and *it is* worth to keep fine tunning it.

Thus I totally agree that we turn on the "ignore" mode on unecessary/repetitive posts and concentrate our efforts in making this system even better, lets call it natural selection.


Sincerely,
Spsantos aka Veggie.

P.S- Please forgive any typing mistakes, as english is not my native language.

EDIT: Oh, i just now noticed CD last post, all said!
Traders are smartasses
  • #2,051
  • Nov 9, 2008 10:16pm Nov 9, 2008 10:16pm
Cheers CD - Love your work.

I too play with a similar idea. The only problem is this:

Who are you going to be dealing clips of 10, 20, 40, and up to nearly 60 million bucks with? You would have to be dealing over the phone with a very sophisticated spot desk, such as one with Deutche, and you wouldnt be getting a 2 pip spread either. You might have a 20/30 (or more) pip spread on those clip sizes(near the fat end). Also, you wont be leverged up - once you get to a certain critical mass... you will be pretty much dealing with a real leverage of 1:1... with funds on deposit with the bank you deal with... so progress would naturally slow down alot once you start dealing over 20 mill a hit....

Also, if that were the case scalping becomes difficult, as often decisions have to be made in an instant. Calling the bank and waiting for a dealer to get a price off his spot desk wont be quick enough to trade FX Prime.

Once you get to that stage... you may have to start trading a longer term strategy where entries and exits (fine tuned) aren't quite as important.

Just a few thoughts.... Any feedback or ideas would be much appreciated.

Regards,

MM
"If it bleeds ... we can kill it"
  • #2,052
  • Nov 9, 2008 10:17pm Nov 9, 2008 10:17pm
Hey CD,
Thanks for that common sense advice on money management. the folks that taught me price action trading a couple years actually had the number at 8 pips a day. either way its quite doable, especially with a good system. Thanks for sharing.
Dave
Is it Break Time yet?
  • #2,053
  • Nov 9, 2008 10:20pm Nov 9, 2008 10:20pm
Quoting MMDealer
Cheers CD - Love your work.

I too play with a similar idea. The only problem is this:

Who are you going to be dealing clips of 10, 20, 40, and up to nearly 60 million bucks with? You would have to be dealing over the phone with a very sophisticated spot desk, such as one with Deutche, and you wouldnt be getting a 2 pip spread either. You might have a 20/30 (or more) pip spread on those clip sizes. Also, you wont be leverged up - once you get to a certain critical mass... you will be pretty much dealing with a real leverage of 1:1... with funds on deposit with the bank you deal with... so progress would naturally slow down alot once you start dealing over 20 mill a hit....

Also, if that...

Dono about you but I CAN'T wait to run into those troubles lol
  • #2,054
  • Nov 9, 2008 11:13pm Nov 9, 2008 11:13pm
Quoting Canadian_Dude
Dono about you but I CAN'T wait to run into those troubles lol
When I reach my 2.9Mil, I'll buy a franchise and move to canada and trade with only 100K for groceries money...

dunno what I'll do with 60 Mil though...

CD I think your system is great for contracts that have really high volatility, I've applied your trade system to a stock index contract and it works wonders! the false alarms are even less than in currency trades. of course this has only been demo, because there are no micro accounts for stock indexes contracts, but I'll gather up the money from EU and see the results for myself

Thank you for the money management tips before it I was looking to score at 80 pip/day profit, daily. but know I'm convinced that I don't need that sum of pips, I'll just take small pips and multiply the lots accordingly to my equity

Have a Great day
  • #2,055
  • Nov 9, 2008 11:20pm Nov 9, 2008 11:20pm
Quoting marcelnyo
When I reach my 2.9Mil, I'll buy a franchise and move to canada and trade with only 100K for groceries money...

dunno what I'll do with 60 Mil though...

CD I think your system is great for contracts that have really high volatility, I've applied your trade system to a stock index contract and it works wonders! the false alarms are even less than in currency trades. of course this has only been demo, because there are no micro accounts for stock indexes contracts, but I'll gather up the money from EU and see the results for myself

Thank you for the money management tips before it I was looking to score at 80 pip/day profit, daily. but know I'm convinced that I don't need...
I dont know if you'll get that big trading your individual account. When i said 60 million i was referring to the position size needed to maintain the growth once you get to the end of the road... in CD's plan...
"If it bleeds ... we can kill it"
  • #2,056
  • Nov 9, 2008 11:33pm Nov 9, 2008 11:33pm
Here's two cents -

On CD's example (very motivating - thanks CD ;-) it takes 6 month to hit 100K. I don't know about how many lot's your broker will let you scalp with, so let's say as an example, it takes a year to reach 100K. When you get to a 6 figure account you could start trading a long term trend following system, like The Turtle Method, and only spend 5 minutes a day at the computer and still make 50 to 100% a year. That's my plan anyway...

This will be my first week working with this system. I read the first 15 pages or so, then skipped to recent stuff. With the way 'The Dude' edited the first post it really is all there. I don't see a need to read the whole post, or at least one should only need to keep reading if one still has questions ;-}
  • #2,057
  • Nov 9, 2008 11:49pm Nov 9, 2008 11:49pm
Quoting MMDealer
I dont know if you'll get that big trading your individual account. When i said 60 million i was referring to the position size needed to maintain the growth once you get to the end of the road... in CD's plan...
I see, forgive my newbieness, I am in still in babysteps
  • #2,058
  • Nov 10, 2008 2:07am Nov 10, 2008 2:07am
Quoting Canadian_Dude

Here is a pdf file on how the numbers look like at 12 pips min a day. Pretty fun!



Enjoy and keep on fx priming!

I take your "stake" is referring to 20 minilots or 2 standard lots.

Nchosen
  • #2,059
  • Nov 10, 2008 2:51am Nov 10, 2008 2:51am
Could not agree more regarding the overtrading! I think the less time u spent in the market (once u know the system & the pair that is) the better u are at spotting high probability trades.

One reason for that is the mind gets tired after a whole day of trading, especially when scalping which can be mentally draining at times.
  • #2,060
  • Edited 3:59am Nov 10, 2008 3:09am | Edited 3:59am
Hi CD,


Thanks for the money managment advise. Really motivating. Sorry for asking -newbie- what is "stake" as stated in the PDF? Lot's is it? Or mini lots maybe?
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