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Powerful 1 Min Scalping System (Fx Prime)

  • #2,921
  • Dec 1, 2008 8:48pm Dec 1, 2008 8:48pm
Quoting damonl
Closed my trade for 1 pip in profit....no momentum at the moment
That's how to lose your account.
If there is no Momentum it is much better to stay on the sidelines.
Starting to see instead of just looking.
  • #2,922
  • Dec 1, 2008 9:05pm Dec 1, 2008 9:05pm
Quoting f4mnect
here's a script we have been playing with, after a order is opened you drop script on that chart. it will draw a red line at set stop lose, set in script(currently i'm trading with a 14 pip stop) It will also draw a green line on chart at set take profit(I have set for 30 pips currently). you can double click either line and move it to where u want on chart and it will close position at the line. i'm really using it for moving stop and locking in either break even or what ever I choose to lock in as profit. may move take profit to a higher set value....
thank you very much! this is a great tool to have!
  • #2,923
  • Dec 1, 2008 9:06pm Dec 1, 2008 9:06pm
Quoting Rastaman
That's how to lose your account.
If there is no Momentum it is much better to stay on the sidelines.
no...i think the way to lose your account is to close in negative pips all the time. I closed with +1 pips. If I close with +1 pips all the time there is now way to lose my account.

also, i tend to think that if no mementum now, then it is probably leading up to momentum, and i should read my charts and determine momentum direction if it is there.

you'll also notice that I knew when to get out with 1 pip....just minutes before I would have lost much more.

but...that is just me
"Keep your eyes on the helpers" - Mr. Rogers
  • #2,924
  • Dec 1, 2008 9:32pm Dec 1, 2008 9:32pm
Quoting damonl
no...i think the way to lose your account is to close in negative pips all the time. I closed with +1 pips. If I close with +1 pips all the time there is now way to lose my account.

also, i tend to think that if no mementum now, then it is probably leading up to momentum, and i should read my charts and determine momentum direction if it is there.

you'll also notice that I knew when to get out with 1 pip....just minutes before I would have lost much more.

but...that is just me
Notice from what? You have not posted any charts with orders on them.
Starting to see instead of just looking.
  • #2,925
  • Dec 1, 2008 11:44pm Dec 1, 2008 11:44pm
Using HA candles. I use a line chart and make it black so the line does not show up then overlay with the HA candles.

Im using a 28 ema as the trend direction line and the dotted line are fib levels from the 28 ema starts at 8, 13, 21, 34 89 144 pips from the 28 ema.




Quoting Flamenco143
Some of my trader friends have asked me to share how I have traded CD's system so successfully. I only wish to address one topic only which is the HA candles. I was taught this about a year ago by a Big Dog at a large European Bank (if THEY use it to determine trend reversals it has to be good!) and it really helped my trading in ANY time frame. I use these candles solely on whatever strategy or time frame I may be trading....
Attached Image (click to enlarge)
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  • #2,926
  • Dec 2, 2008 12:08am Dec 2, 2008 12:08am
Nice one..

Are u on demo or real?

PM me for futher discussion pls...

Quoting Rastaman
Not exactly playing by the rules here but I am busy.

Sell Stop orders placed below break line on USD/JPY CHF/JPY

CHF/JPY breaks 50 fibo, order gets filled. Still waiting on USD/JPY


USD/JPY gets filled, placed SL.


Both Trades look like they are going to stall.
Closed orders and took 8,000 Yen profit.
http://img518.imageshack.us/img518/5089/profitvj4.jpg


Conclusion: It was a good decision to close orders and take profit.
  • #2,927
  • Dec 2, 2008 12:58am Dec 2, 2008 12:58am
It's a live account with ODL.

I went live just over 6 weeks ago after 3 months of reading threads, trying this and that system.

Not much point in me PMing you as I am a relative newbie myself, you have probably traded much longer than I.

Just read the thread and and all the other threads.

That is all.
Starting to see instead of just looking.
  • #2,928
  • Dec 2, 2008 3:00am Dec 2, 2008 3:00am
Quoting Flamenco143
If this was purely mechanical they WOULD be 'ALERT' candles yes, but not entry candles, based on how those candles were formed and the surrounding candles. Notice that the 'general' trend is leveling off, catching up with the 25Guppy coming down? Has all the earmarks of a choppy ranging market coming up. The places I marked with arrows were confirmed by my other indicators which is why I entered. I was JUST showing examples of the 'alert candles'. Actually, when you look at those candles you circled you're already entering a 'choppy' market and...
Wow!!! Excellent TECHNICAL information, really help me alot to understand, thanx Flamenco143. Hope to see more of your Technical input and example. I notice your BLACK DOG CANDLE is similar to f4mnect's candle.

Thanx f4mnect for your tpl. Great setup & excellent example/SS on the entry point with easy to understand reason & explanation. Hope to see more of your example & explanation.

Here is my observation, so far profitable:-

1) Green Circle - sideway, no trade.
2) Blue Circle - Trade, nice trend & nice rebound. Set TP base on previous movement.
http://img393.imageshack.us/img393/6220/m1dbc2.jpg (http://imageshack.us)
  • #2,929
  • Dec 2, 2008 3:44am Dec 2, 2008 3:44am
Quoting Rastaman
ThinkFX

I tried all the various versions in this thread and some how I could not use them well. Today, quite by chance I noticed something in F4 charts and asked him to post his indicators and template, which he kindly did.
I took her for a spin and man did she fly, got me into a 15 pip short, a 60 pip short in a very intuitive manner, then later I got in on a 70 pip short USD/JPY.
I only trade USD/JPY and CHF/JPY occasionally EUR/JPY.
Anyway, for me F4 setup is PuuuuuuuFect.
Maybe you may want to download his zip file and give her a whirl on...

"Rastaman"or smone else on this templates are attached Trailinglines for stoploos??
There is a "Red Line" that follows the price line
If this is stoploos trailinglines to close the trade How to delete??
I am using my own trailinglines.

thanks
  • #2,930
  • Dec 2, 2008 3:53am Dec 2, 2008 3:53am
that's a script, just don't use. if you don't drop it on chart, it's not active

Quoting freemenn
"Rastaman"or smone else on this templates are attached Trailinglines for stoploos??
There is a "Red Line" that follows the price line
If this is stoploos trailinglines to close the trade How to delete??
I am using my own trailinglines.

thanks
  • #2,931
  • Dec 2, 2008 3:57am Dec 2, 2008 3:57am
Quoting freemenn
"Rastaman"or smone else on this templates are attached Trailinglines for stoploos??
There is a "Red Line" that follows the price line
If this is stoploos trailinglines to close the trade How to delete??
I am using my own trailinglines.

thanks
I think you are looking the bid price, that is a red line. The template shows both ask and bid price. White and red lines.
  • #2,932
  • Dec 2, 2008 3:59am Dec 2, 2008 3:59am
Quoting ThinkFX
I think you are looking the bid price, that is a red line. The template shows both ask and bid price. White and red lines.

lol true, didn't think of that
  • #2,933
  • Dec 2, 2008 4:15am Dec 2, 2008 4:15am
F4 Mnect,

Do you update the Open Line price on each market session or which ine is based on?

Thx
  • #2,934
  • Dec 2, 2008 4:29am Dec 2, 2008 4:29am
Hey Lambrechtj,

Very interesting "envelope" strategy using HA and fib lines. Please, some insight on your entry/exit triggers (stoch and price action)?

Thanks, Jon
  • #2,935
  • Dec 2, 2008 4:35am Dec 2, 2008 4:35am
just straight daily open


Quoting ThinkFX
F4 Mnect,

Do you update the Open Line price on each market session or which ine is based on?

Thx
  • #2,936
  • Dec 2, 2008 5:36am Dec 2, 2008 5:36am
testing something out live, but small trades...closed +10
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  • #2,937
  • Dec 2, 2008 5:48am Dec 2, 2008 5:48am
Trade gone bad?
Any idea how to filter this thing?
Attached Image (click to enlarge)
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  • #2,938
  • Dec 2, 2008 5:54am Dec 2, 2008 5:54am
pretty messy time, best to have waited on a cleaner entry...cleaner chart. stoch was starting to show more strength to upside. trend cci weakening. wasn't a bad signal, there will be losers, i was sitting and waiting on breaks of key areas, eur break of 50 area, ej break of 118.00 london market hasn't really picked a direction all night
  • #2,939
  • Dec 2, 2008 5:58am Dec 2, 2008 5:58am
I agree. I only demo it, so I want to learn and see. Tell me, why did you change settings for Stoch and CCI?
  • #2,940
  • Dec 2, 2008 6:01am Dec 2, 2008 6:01am
Quoting debitel
I agree. I only demo it, so I want to learn and see. Tell me, why did you change settings for Stoch and CCI?

just person preference, i like skipping 1st signal and trading the bounces after a direction has been established. picking tops and bottoms was never my strong point. after a direction established, my setting got me in well on the bounces
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