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FX-50 Great Scalping System

  • #121
  • Dec 8, 2008 8:27pm Dec 8, 2008 8:27pm
See you your first and 3rd charts were breakout trades and the one's in the middle were not. And there is a lot going on with your charts....3 different CCIs, how do you pull the trigger. Can you explain it in one sentence?
Cheers
CanuckCT


Quoting dbrady9900
I've been following this thread(old fx prime now this one) for a few weeks and am overwhelemed by the support that you all are offering. Thanks very much.
I hope to get some feedback on my trades. Here are a few from today.

I realize i have a lot of muck on my screen, but i'm still trying to figure out what indicators will best assist my trading style. I too mostly follow price action/ candle reading and the more traditional technical analysis approaches.
I'm using an MM approach where i'll cover half my lots after getting 10 pips or cover my...
  • #122
  • Dec 8, 2008 8:55pm Dec 8, 2008 8:55pm
Quoting CanuckCT
See you your first and 3rd charts were breakout trades and the one's in the middle were not. And there is a lot going on with your charts....3 different CCIs, how do you pull the trigger. Can you explain it in one sentence?
Cheers
CanuckCT

I'm still mostly using basic technical analysis - channel line b/o, trendlines, triangles, PPs, S/R, etc, plus candle reading to get in on that first move, then using the rules as presented in this thread to get involved in the trend later on.
As i do this i'm looking to see how all those indicators line up - what they're telling me. Are they supporting my decisions or not?
Like i mentioned, i'm still trying to get a feel for what's going to work best for my trading style, as i solidify my rules and trading plan.

BTW- I really enjoy the amount of creativity that's presented in the thread. I think that each person's plan will be different, and will have to agree with their personality.
  • #123
  • Dec 8, 2008 9:17pm Dec 8, 2008 9:17pm
This is my first time posting on FF. I just wanted to say thank you to everyone who contributes to this thread. It is a shame what happened with v2 but so far today I am +42 -15 +5 +18 with v1. Lets keep this thread alive and keep making those pips. See you in the chat room!
  • #124
  • Dec 8, 2008 9:22pm Dec 8, 2008 9:22pm
Quoting bwillielv
This is my first time posting on FF. I just wanted to say thank you to everyone who contributes to this thread. It is a shame what happened with v2 but so far today I am +42 -15 +5 +18 with v1. Lets keep this thread alive and keep making those pips. See you in the chat room!
Welcome and thanks for posting, Congrats on the nice trades you got today. Keep it up....
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #125
  • Dec 8, 2008 9:23pm Dec 8, 2008 9:23pm
If that is what you do....then you need to start to strip the indicators off your chart...one by one and see what you have left. The things you mention are price action related which is good....post some more trades...is good!!
Cheers
CanuckCT

Quoting dbrady9900
I'm still mostly using basic technical analysis - channel line b/o, trendlines, triangles, PPs, S/R, etc, plus candle reading to get in on that first move, then using the rules as presented in this thread to get involved in the trend later on.
As i do this i'm looking to see how all those indicators line up - what they're telling me. Are they supporting my decisions or not?
Like i mentioned, i'm still trying to get a feel for what's going to work best for my trading style, as i solidify my rules and trading plan.

BTW- I really enjoy the amount...
  • #126
  • Dec 8, 2008 10:39pm Dec 8, 2008 10:39pm
Quoting Freddyfx
Found where you guys moved to.

Just noticed the number of my post, if there are any radio hams amongst us, they will now what 88 means.

Am not using the strategy too much, seem to get safer entries using COG channels, but love the indicators.

Then a bit later found CanuckCT's setup. Learned something new again.

Thanks all for excellent contributions.
Freddyfx
What are COG channels?
Please post the indicator.
Barry
  • #127
  • Dec 9, 2008 12:22am Dec 9, 2008 12:22am
Quoting bvincent
Freddyfx
What are COG channels?
Please post the indicator.
Barry
It is just the Center of Gravity indicator.
But, it doesn't work so well on 1 min time frame.


5Min TF
http://img129.imageshack.us/img129/1...gravityvk0.jpg
Attached File(s)
File Type: mq4 Center of Gravity.mq4   5 KB | 758 downloads
Starting to see instead of just looking.
  • #128
  • Dec 9, 2008 1:48am Dec 9, 2008 1:48am
Hi All
obviously anybody can open a thread as they please, but maybe its a good idea to consolidate two or more threads that handles the same issue/system asap. One will probably eventually die...

FX Primate (the evolution of fxprime)
&
FX-50 Great Scalping System

M&M
  • #129
  • Dec 9, 2008 2:09am Dec 9, 2008 2:09am
Quoting Fx1618
Hi All
obviously anybody can open a thread as they please, but maybe its a good idea to consolidate two or more threads that handles the same issue/system asap. One will probably eventually die...

FX Primate (the evolution of fxprime)
&
FX-50 Great Scalping System

M&M

It seems someone started the FX Primate thread after this one was already open.
Starting to see instead of just looking.
  • #130
  • Dec 9, 2008 2:21am Dec 9, 2008 2:21am
Quoting Rastaman
It seems someone started the FX Primate thread after this one was already open.


Could someone please direct me to the explanation of the Kino Bars
  • #131
  • Dec 9, 2008 2:44am Dec 9, 2008 2:44am
hi

i will post the guide tomorrow night of this system with other setups included and kinos bars will be in it to so simple and so handy
Don't forget Practice + Patience + Persistence = Profits
  • #132
  • Dec 9, 2008 2:58am Dec 9, 2008 2:58am
Hey, just seen all that mess on the old thread but found this one glad to see that there are some people that just want to learn and improve without all the crap.

I noticed a template of mine reposted here and just wanted to let you know that I am around if there are any questions.

I would aslo like to add that I have an M1 with this template open along with an M2 template that contains nothing more than a 21SMA. The 1st entry to any move whatsoever is always entered by me on the M2, the M1 I use for additional entries.

For any one ineterested in checking this out you can use the indi I attach to create your M2 chart, then just add the 21SMA and check out bear candle eating bull candle at or near a just turned and declining 21SMA, entry is 2pips below the bull candle that is being eaten, SL is 2 pips above either the eaten bull candle or the hungry bear candle, whichever is higher. Reverse all of this for a long setup

Attached File(s)
File Type: mq4 Period_Converter_Opt.mq4   15 KB | 771 downloads


I will post some images if any one expresses interest in this extra method, it is nearly always my 1st entry into any trade with very small SL and the possibility to add to your position as FX-50 shows you.
  • #133
  • Dec 9, 2008 3:42am Dec 9, 2008 3:42am
Quoting Fx1618
Hi All
obviously anybody can open a thread as they please, but maybe its a good idea to consolidate two or more threads that handles the same issue/system asap. One will probably eventually die...

FX Primate (the evolution of fxprime)
&
FX-50 Great Scalping System

M&M
I started fx primate as i didn't realise this one was up! the threads been binned already so we're back to just 1 again

regards

Icarus
  • #134
  • Dec 9, 2008 4:02am Dec 9, 2008 4:02am
Quoting tkpower8
Hey, just seen all that mess on the old thread but found this one glad to see that there are some people that just want to learn and improve without all the crap.

I noticed a template of mine reposted here and just wanted to let you know that I am around if there are any questions.

I would aslo like to add that I have an M1 with this template open along with an M2 template that contains nothing more than a 21SMA. The 1st entry to any move whatsoever is always entered by me on the M2, the M1 I use for additional entries.

For any one ineterested...
Hi tkpower, I am studying your method as I'm writing this. Would you be able to post some additional images detailing your method with the M2 chart?

Also, if you can, please post your M2 template.

How successful has your system been for you?
  • #135
  • Dec 9, 2008 4:04am Dec 9, 2008 4:04am
Thanks for reposting tkpower8's take on FxPrime CanuckCT! And of course big thanks to tkpower8 for sharing it!!
I remember it being posted on the FxPrime thread but at the time I just couldnt be bothered with just another setup to be honest

We had a nice entry on the EUR/JPY this morning. Unfortunately I missed it!
Attached Image (click to enlarge)
Click to Enlarge Name: tkpower8.gif Size: 20 KB
  • #136
  • Dec 9, 2008 4:13am Dec 9, 2008 4:13am
Quoting lillelise
nothing wrong with the system..as good or bad as any other

i would suggest to pull up a 1m 2m and 5m chart like this..
it will help you seeing the trend..and enter/exit in the pullbacks..

take a look..you gotta watch it in real for some hours to see what i mean..

Btw.. there are a small difference between witch broker you use..
Hi, how did you manage to get Heiken Ashi bars and Candlesticks on the same chart ?
  • #137
  • Dec 9, 2008 4:25am Dec 9, 2008 4:25am
is there any indicator for the rsi break 45/55 with a Sound-Signal ? please guide me to this one

thx

sten
  • #138
  • Dec 9, 2008 4:53am Dec 9, 2008 4:53am
You could use PALTALK for a chatroom. Theres lots of other FX related rooms there already
  • #139
  • Dec 9, 2008 4:59am Dec 9, 2008 4:59am
Attached Image (click to enlarge)
Click to Enlarge Name: M2.gif Size: 39 KB


This is from this morning, I have recently added the CCI34 Filter bars but do not think it is needed, price action is enough for this method.

It usually gets you in earlier than the M1 and the M1 Fx-50 method can be used to re-enter. SL is always nice and small and precise.

Grab my original pack here - http://www.forexfactory.com/attachme...0&d=1228779419

Here are the extras you need

Attached File(s)
File Type: tpl atm-m2-alerts.tpl   137 KB | 1,653 downloads

Attached File(s)
File Type: mq4 CCIFilter%20vX[1].mq4   6 KB | 1,557 downloads
  • #140
  • Dec 9, 2008 5:31am Dec 9, 2008 5:31am
Quoting f4mnect
I just emailed ya maxzeus, sorry i won't really have anything ready for your guide. I'm trading currently, double cci 89/21, flamenco's candles and MA's, with the 5/1/3 stoch dropped for a different style of stoch and truthfully..........maybe I shouldn't be saying this in public(I might get stoned)
But FXprimeV2 filter added. damn powerfull set up and well be in testing mode all week with this.

Please know, I have nothing to do with V2 and am straight just testing it out.

F4 does this mean you already have a copy of CD's V2 filter, and are currently testing it?????

Dallas
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