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Powerful 1 Min Scalping System (Fx Prime)

  • #2,601
  • Nov 23, 2008 8:03pm Nov 23, 2008 8:03pm
Quoting f4mnect
I trade it with no fibs or pivots personally.
You right. After experimenting with lots of graphs and other stuff I found you should use KISS.

Sometimes too much is too much.

D.
  • #2,602
  • Nov 23, 2008 8:04pm Nov 23, 2008 8:04pm
have fun everybody, I'm napping for a few. will be up pre london session
  • #2,603
  • Nov 23, 2008 8:11pm Nov 23, 2008 8:11pm
Quoting redpine
I'm trying to follow CD's system in a mechanical way, but first I'd like to know if the results hold up over time....
The data you backtest on and the fill model makes a big difference
in this case the backtest does not need to be tick precise
the entry and exits are based on bar completion
  • #2,604
  • Nov 23, 2008 8:16pm Nov 23, 2008 8:16pm
Quoting f4mnect
I'm wondering why I would care what you want to call this set up and why I would care if it can be made into a EA. I'm building my account up very nicely week after week. I'm happy as hell. So grump all you would like or go and start your own thread and help the masses to become better traders and hand them a "System"
I'm not grumping I'm trying to make it work and want to make as many pips as you
If it does not work as EA it does not work at all, the only reason it works for you for example is because you're guessing it right

I don't guess
  • #2,605
  • Nov 23, 2008 8:22pm Nov 23, 2008 8:22pm
Quoting f4mnect
I'm wondering why I would care what you want to call this set up and why I would care if it can be made into a EA. I'm building my account up very nicely week after week. I'm happy as hell. So grump all you would like or go and start your own thread and help the masses to become better traders and hand them a "System"

Props, totally agree. Everything should be automatic (sarcasm). EA's are great if that's what your into, but I've talked with some real traders and they say that when you use EA's they don't make as much. Nothing can replace a good trader with sound judgement, plus think of all the experience you get as you become wiser...an EA can't account for that or learn that. HUMANS are the best EA's.

BTW, nice job on building up your account! Keep up the good work.
  • #2,606
  • Nov 23, 2008 8:27pm Nov 23, 2008 8:27pm
Quoting eurolinux
I'm not grumping I'm trying to make it work and want to make as many pips as you
If it does not work as EA it does not work at all, the only reason it works for you for example is because you're guessing it right

I don't guess
ok I understand your point. I admit I have been lucky and have been seeing the market pretty well with this set up over the last month
  • #2,607
  • Nov 23, 2008 8:30pm Nov 23, 2008 8:30pm
Nothing wrong with EA's, but they scare me and really....I like trading. I became a trader because I like the challenge and really do like to trade.
  • #2,608
  • Nov 23, 2008 8:36pm Nov 23, 2008 8:36pm
Quoting f4mnect
Nothing wrong with EA's, but they scare me and really....I like trading. I became a trader because I like the challenge and really do like to trade.
It is really like CD once mentioned. Choose a pair and get to know its habits. After that it is easier to see what is coming.
(Just my opinion.)

D.
  • #2,609
  • Nov 23, 2008 9:15pm Nov 23, 2008 9:15pm
Quoting anto
Hi Barry,

Looks nice; Instead of looking for a last row in each indicator window, can we place all the one minute in one indicator window, and 5min, 10min, 30min and 1Hr indicator windows?. This could be more clear.

Anto
This sounds like a good idea but I don’t know how to do it. I tried to changes in the properties box. Also there has been pointed out the repainting issue that has been pointed out. I do think that if all 4line were the one minute on 1 minute chart they may not be a repainting may not be a issue. Kinonen may know how to change to one indicator box to be all one minute and 4 difference CCI’s
Barry
  • #2,610
  • Nov 23, 2008 9:40pm Nov 23, 2008 9:40pm
Just want to mention the the pivots are different on each site
every vendor calculates them different way
http://www.fxstreet.com/rates-charts/currencies-glance/technical-table/

which ones to use?
  • #2,611
  • Nov 24, 2008 1:43am Nov 24, 2008 1:43am
I am a newbie but I feel that you must have an awareness of the higher timeframes to avoid trading into the chop and mush.

I have the 1 minute TF that I trade off plus the 15 min and the 30 min showing - the pity is I haven't worked out how you can link all the timeframes to a single click so that when I change to another currency all the TF's change to that currency.

The attached image hopefully shows what I would consider as a bad environment to take a Fxprime trade in. The 5 minute shows bouncing between 2 SR levels but still the crossovers of the RSI are random at best.

Lloydy
Attached Image (click to enlarge)
Click to Enlarge Name: Bad Trading Time.png Size: 51 KB
  • #2,612
  • Nov 24, 2008 1:46am Nov 24, 2008 1:46am
looked like 2 trades in there to me...scalps
  • #2,613
  • Nov 24, 2008 1:55am Nov 24, 2008 1:55am
current eur/jpy 1 min short still in it. white line the daily open

+30 locked in
+37 locked in
+43 locked in
out +43 also shorted usd/jpy at same time, same set up out +15
Attached Image
  • #2,614
  • Nov 24, 2008 2:08am Nov 24, 2008 2:08am
That's the thing though F4mnect, a trade that you would take is not a trade that I would take...BUT you can learn from others and that's the whole point of this discussion, at least the way I see things.

If you are quick (and judging by your posts you seem to be quick and experienced) you could have seen the SR levels and played them for quick scalps using Fxprime, hopefully this will come to me in time.

At the moment I like to see some sort of trend in the 5 minute and play the 1 minute TF but with the knowledge of knowing I'm playing with the 5 minute trend in my favour.

Those 5 and 10 pip scalps add up and I can't react quick enough yet.

Good response though F4mnect - It makes me think.
  • #2,615
  • Nov 24, 2008 2:11am Nov 24, 2008 2:11am
my bread and butter trade, the 34/55 bounce. I missed this one, but here is what I try and take every time it pops up, eur/usd... ohh and theirs that white line again...daily open, my only support/resistance I have on my chart
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_08 Nov. 24 00.08.jpg Size: 56 KB
  • #2,616
  • Nov 24, 2008 2:14am Nov 24, 2008 2:14am
Quoting lloydy
That's the thing though F4mnect, a trade that you would take is not a trade that I would take...BUT you can learn from others and that's the whole point of this discussion, at least the way I see things.

If you are quick (and judging by your posts you seem to be quick and experienced) you could have seen the SR levels and played them for quick scalps using Fxprime, hopefully this will come to me in time.

At the moment I like to see some sort of trend in the 5 minute and play the 1 minute TF but with the knowledge of knowing I'm playing with...

I liked that 1st long on your chart, was a good trade to me. that's why I removed all but 1 support/resistance. tends to keep me out of more trades than it supports
  • #2,617
  • Nov 24, 2008 2:17am Nov 24, 2008 2:17am
back to that white line, Daily Open. humm pretty good
Attached Image
  • #2,618
  • Nov 24, 2008 2:21am Nov 24, 2008 2:21am
before I'm asked lol
Attached File(s)
File Type: mq4 daily_open_line.mq4   2 KB | 778 downloads
  • #2,619
  • Nov 24, 2008 2:24am Nov 24, 2008 2:24am
just following daily open line
Attached Image
  • #2,620
  • Nov 24, 2008 2:24am Nov 24, 2008 2:24am
F4mnect

Is this the 'leaving the nest' play that has been referred to earlier in the thread.

Apologies if I have misunderstood but it looks like it - the 34 leaves the nest and returns into the 170 and the 170 is still showing plent of color (around -100 for shorts and +100 for longs). RSI confirms the play.

Lloydy
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