Powerful 1 Min Scalping System (Fx Prime) | Page 108 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Woodies CCI with a 5 min scalping 50 replies

1M & 5M Scalping System (Scalping Paradise) 21 replies

Blackdiamond System - Awesome scalping system (Coding Reqd) 9 replies

Scalping techniques on 1 Min chart 26 replies

15 min indicator on 5 min chart 3 replies

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

Powerful 1 Min Scalping System (Fx Prime)

  • #2,141
  • Nov 11, 2008 8:41pm Nov 11, 2008 8:41pm
Here DJ is the ZZ_ensign_fib in the properties you can have static or dynamic fibs
Attached File(s)
File Type: mq4 ZZ_Ensign_Fibo.mq4   20 KB | 541 downloads
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #2,142
  • Nov 11, 2008 9:57pm Nov 11, 2008 9:57pm
Hi guys/gals,

I've been pouring over this thread for a couple of days now and I've been playing with the charts, following price action and even took some live trades today as well. Many thanks to CD for presenting this strategy, and to all the other fine folks who have contributed for the good of others. I just have a quick comment:

While following the charts and price action, I've observed that it hardly seems to matter which CCI crosses the zero line first! I've seen some great moves occur when CCI 34 is first, at least as often as when it follows the CCI 170 according to the rules. And most times, if you stay out because of the reverse ordering, you will miss some very deep moves. Both must cross the zero line, of course, and the cross of the second CCI still remains the entry.

Has anyone else noticed this? Am I way off here, opening myself up to trading disaster? Can others confirm or refute this? I realize this is contrary to the method, and that's why I'm bringing it up. Might be worth exploring further.

Thanks again, and many pips to all...
Jeff Singer, K2KV
  • #2,143
  • Nov 11, 2008 10:11pm Nov 11, 2008 10:11pm
Hi Guys...i am sure this system is profitable..it is totally my fault if not understand.and Yes,it is because i am newbie..
I am not blame anybody here...
I am learning and learning...But,not with this system and this thread...Few people (masters) in this thread said that "Scalping is not for Newbie"...It sound like "HI NEWBIES, GET OUT FROM THIS THREAD!"
That's why i will get out....OK...GBU all.and keep learning...
Peace for all of you...
let's make pips
  • #2,144
  • Nov 11, 2008 10:22pm Nov 11, 2008 10:22pm
Hey Jeff,
And u said you couldn't trade M1. The way the strategy is presented is that the CCI170 sets the trend and then you trade with it. But you are 100% correct in your assessment. There are some very powerful moves the occur when the CCI34 crosses first. I trade both setups.
Cheers
CanuckCT

Quoting k2kv
Hi guys/gals,

I've been pouring over this thread for a couple of days now and I've been playing with the charts, following price action and even took some live trades today as well. Many thanks to CD for presenting this strategy, and to all the other fine folks who have contributed for the good of others. I just have a quick comment:

While following the charts and price action, I've observed that it hardly seems to matter which CCI crosses the zero line first! I've seen some great moves occur when CCI 34 is first, at least as often as when it...
  • #2,145
  • Edited 2:14am Nov 12, 2008 1:40am | Edited 2:14am
I have changed some of the settings on the finaltemplate5minute.tpl, and saved the template to a new name. No Problem.

However, if I change the colours of the Heiken Ashi, or the line thickness on the CCI 34, and SAVE the template. When I select another currancy, ore re-load the template (that I have JUST saved), they go back to the old settings.

Any ideas why?
  • #2,146
  • Nov 12, 2008 2:29am Nov 12, 2008 2:29am
Quoting shoreman
I have changed some of the settings on the finaltemplate5minute.tpl, and saved the template to a new name. No Problem.

However, if I change the colours of the Heiken Ashi, or the line thickness on the CCI 34, and SAVE the template. When I select another currancy, ore re-load the template (that I have JUST saved), they go back to the old settings.

Any ideas why?

those colors and line sizes are set in the code, open metaeditor and u can find the line sizes and the colors and change them there, save then compile and there u are
  • #2,147
  • Nov 12, 2008 3:40am Nov 12, 2008 3:40am
Quoting k2kv
Hi guys/gals,

I've been pouring over this thread for a couple of days now and I've been playing with the charts, following price action and even took some live trades today as well. Many thanks to CD for presenting this strategy, and to all the other fine folks who have contributed for the good of others. I just have a quick comment:

While following the charts and price action, I've observed that it hardly seems to matter which CCI crosses the zero line first! I've seen some great moves occur when CCI 34 is first, at least as often as when it...
Hello,
I too thought that that was a problem
But latter realized that ....that was a gift....a special observation....4 us from CD.
If u want to get other moves, u must get other methods. But 4 me i can make a living with the pips am making from this method only. God bless us all with more "pipses".
  • #2,148
  • Nov 12, 2008 4:32am Nov 12, 2008 4:32am
very nice usd/jpy short. went 4 pips against entry then dropped...closed trade at +40
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Nov. 12 02.27.jpg Size: 73 KB
  • #2,149
  • Nov 12, 2008 8:20am Nov 12, 2008 8:20am
Very nice Mate! Great looking 40 pips gain!

do you have any ideas how you should stay out of a trade when everything occures?
Thanks in advance and good luck!
  • #2,150
  • Nov 12, 2008 8:32am Nov 12, 2008 8:32am
were working on that right now, i'll post back if it proves itself
  • #2,151
  • Nov 12, 2008 9:14am Nov 12, 2008 9:14am
Hello
I use the attached alert indicator rsi, with arrows.
It supposedly has an alarm function, but even after turning it on, there is no audible alarm.
Does anybody know how to make it function properly ?
Thank you very much.
  • #2,152
  • Nov 12, 2008 9:15am Nov 12, 2008 9:15am
Here it is:
Attached File(s)
File Type: mq4 ARROW_RSI-8_CROSS-55 45.mq4   7 KB | 750 downloads
  • #2,153
  • Nov 12, 2008 9:25am Nov 12, 2008 9:25am
Yep, I did say that!

But I must admit I'm finding this method to be more of an "entry strategy" than a "scalping method." After all, I don't really think you can say someone is scalping when he watches and waits, candle after candle, while pips continue to pile up. And they surely do!

Anyhow, glad to hear I'm not the only one who considers both setups viable.

Nice to see you active again...


Quoting CanuckCT
Hey Jeff,
And u said you couldn't trade M1. The way the strategy is presented is that the CCI170 sets the trend and then you trade with it. But you are 100% correct in your assessment. There are some very powerful moves the occur when the CCI34 crosses first. I trade both setups.
Cheers
CanuckCT
Jeff Singer, K2KV
  • #2,154
  • Edited 10:21am Nov 12, 2008 10:08am | Edited 10:21am
Jeff,

I agree...it's not really scalping. The method seems to keep you out when prices are ranging and help you to catch the move. I watch 10 pairs but most of my trading is with EU, UG, GJ and EJ. Paring back as I think there is plenty of action with these 4 to keep me busy. I'm currently in a 350+pip trade on GJ and 175+ pip trades on each of GU and EJ. EU is positive as well. That's not scalping. And this is after closing a few hundred pips earlier. It's just been a spectacular morning. I encourage people to trade more than just EU.

I'd recommend that chat room....but sometimes it's a distraction from focusing on the trade setups.

Cheers
CanuckCT

EDIT - added screen shots for 2 current trades.

Quoting k2kv
Yep, I did say that!

But I must admit I'm finding this method to be more of an "entry strategy" than a "scalping method." After all, I don't really think you can say someone is scalping when he watches and waits, candle after candle, while pips continue to pile up. And they surely do!

Anyhow, glad to hear I'm not the only one who considers both setups viable.

Nice to see you active again...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.gif Size: 17 KB
Click to Enlarge Name: gj.gif Size: 18 KB
  • #2,155
  • Nov 12, 2008 10:26am Nov 12, 2008 10:26am
You're doing great, my friend,

Keep up the good work!

Jeff

Quoting CanuckCT
Jeff,

I agree...it's not really scalping. The method seems to keep you out when prices are ranging and help you to catch the move. I watch 10 pairs but most of my trading is with EU, UG, GJ and EJ. Paring back as I think there is plenty of action with these 4 to keep me busy. I'm currently in a 350+pip trade on GJ and 175+ pip trades on each of GU and EJ. EU is positive as well. That's not scalping. And this is after closing a few hundred pips earlier. It's just been a spectacular morning. I encourage people to trade more than just EU.

I'd recommend that chat room....but sometimes it's a distraction from focusing on the trade setups.

Cheers
CanuckCT

EDIT - added screen shots...
Jeff Singer, K2KV
  • #2,156
  • Nov 12, 2008 10:51am Nov 12, 2008 10:51am
Hello, I've been coming back and forth to this thread from time to time. I work a full time job and I live on the west coast, so it's hard for me to be up from 2am-5am, which are the hours the chatroom is open, if I'm correct. My daily goal is 20 pips per day. I'm wondering if people have found this system to be profitabel during any time of the day and not just during the hours CD recommends. I prefer to trade the E/U pair but if I must switch pairs to be profitable, then I'm all up for it. Any help is greatly appreciated.
  • #2,157
  • Nov 12, 2008 10:58am Nov 12, 2008 10:58am
Quoting Dl1982
Hello, I've been coming back and forth to this thread from time to time. I work a full time job and I live on the west coast, so it's hard for me to be up from 2am-5am, which are the hours the chatroom is open, if I'm correct. My daily goal is 20 pips per day. I'm wondering if people have found this system to be profitabel during any time of the day and not just during the hours CD recommends. I prefer to trade the E/U pair but if I must switch pairs to be profitable, then I'm all up for it. Any help is greatly appreciated.

I too live on the west coast and been forcing myself at least a couple of times and a couple of hours to at least get a clear idea what the London session has to offer, they do allow for more pips. This is such a simple system you can do it on NY time and even later in to the asian session. BE PATIENT. It does come to you. I feel for ya, Living on the west coast is not the best trading hours for us, we need to get our sleep.
  • #2,158
  • Nov 12, 2008 11:08am Nov 12, 2008 11:08am
Nice to know you feel my pain! I work from 8am-4:30 and don't get home to around 5:00ish, so I was hoping I could catch some positive pips during the Asian session. I will give it a look today when I get home to see what I can accomplish. Thanks for the feedback. I really appreciate it.


Quoting Pipbull76
I too live on the west coast and been forcing myself at least a couple of times and a couple of hours to at least get a clear idea what the London session has to offer, they do allow for more pips. This is such a simple system you can do it on NY time and even later in to the asian session. BE PATIENT. It does come to you. I feel for ya, Living on the west coast is not the best trading hours for us, we need to get our sleep.
  • #2,159
  • Nov 12, 2008 11:17am Nov 12, 2008 11:17am
Hey, Pipbull76, do you accept PM's? I wanted to ask you something but did not want to tie up this thread with our convo.
  • #2,160
  • Nov 12, 2008 11:27am Nov 12, 2008 11:27am
Quoting Dl1982
Hey, Pipbull76, do you accept PM's? I wanted to ask you something but did not want to tie up this thread with our convo.
Sure PM me any time..
6 traders viewing now