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FX-50 Great Scalping System

  • #221
  • Dec 10, 2008 1:07am Dec 10, 2008 1:07am
Quoting relix730
thats what i play with
nice great.where can i find indi...stealth lcd v10, stealth buy sell v10 ,cci filter???
  • #222
  • Dec 10, 2008 1:20am Dec 10, 2008 1:20am
Quoting CanuckCT
Used M2 price action to enter...very interesting for sure....perfect FX-50 setup. Booked 25 pips with no heat on GJ.

What the M2 price action entry does is slow you down....a filter per se, but the filter is based on price action. Now that's the best kind of filter.

Cheers
CanuckCT
can you please post only indi zls down chart thanx
  • #223
  • Dec 10, 2008 1:23am Dec 10, 2008 1:23am
It's here in the thread. Have a read.
Cheers
CanuckCT

Quoting avi
can you please post only indi zls down chart thanx
  • #224
  • Dec 10, 2008 1:43am Dec 10, 2008 1:43am
Quoting Flamenco143
For those of you who are fans of f4mnect and were following his system I am including his last indicators and template so you can continue using what he started on the other thread.

Please don't ask me questions about it because while I used something similar I am not that familiar with his system to know all the nuances of it, so I can't really help that much.

However I am sure there are quite a few fans of his here that can help answer any questions you may have far better than I can!

Let's keep this thread going about the V1, and not other...

And just since when have you been the authority around here?
The wickers system is in my chart posted here because I was making a point about the Lag being useful. Now, just how is that confusing for newbies.
Starting to see instead of just looking.
  • #225
  • Dec 10, 2008 1:49am Dec 10, 2008 1:49am
Quoting CanuckCT
Used M2 price action to enter...very interesting for sure....perfect FX-50 setup. Booked 25 pips with no heat on GJ.

What the M2 price action entry does is slow you down....a filter per se, but the filter is based on price action. Now that's the best kind of filter.

Cheers
CanuckCT
CanuckCT hi,
I've just started looking at the use of M1, M2, amd M5 at the same time to have a better understanding of the system, what i'd like to know is which of the time frames id it better to use as a point of entry?
Thanks Pipsot
10 pips a day keeps the blues away!!
  • #226
  • Dec 10, 2008 2:29am Dec 10, 2008 2:29am
[quote=thvi;2408266]
Quoting kinonen


Hi
nice,thanx
  • #227
  • Dec 10, 2008 2:31am Dec 10, 2008 2:31am
Quoting coral

Hello TK. Thank you for your very interesting approach, which is somewhat similar to what I've been doing. I'm attaching my chart with more immediate examples in the asian session (which I don't trade). Could you please verify that these are OK, and that the stops would be very close at the bottom or top of each entry "swing"?
Most of those entries are OK but some seem to be off by a couple of candles. In your case you have white and red so I will use those colors to explain,

First you do not need to worry about the recent swing for stops. When a red candle closes at or very near a rising 21SMA, you buy if the very next candle is white passes it by 2 pips, you do not wait for the candle to close, as soon as it passes you hit the trigger, stop loss is 2 pips below the red candle we just passed unless the current candle that we are buying on has a lower low, in which case SL is 2 pips below that.

I use a script for all my entries with hard 25pip stop loss and 50pip take profit, this gets me into the trade safe and no internet or connection faliure can screw me too bad. Once in the position I alter both SL and TP accordingly. With the M2 method SL is nearly always between 8-25pips

Like I said before, M2 gets me my first entry on most moves and on many occassions backup the M1 X50 for 2nd and 3rd entries if they happen. Sometimes they do no happen and 2nd and 3rd entries are signalled only by the M1 which is fine too, it just usually means a bigger SL because with the M1 my SL is the latest swing like you mentioned.
  • #228
  • Dec 10, 2008 2:45am Dec 10, 2008 2:45am
Quoting AlanJ
Hi tkpower8

I like your method and am giving it a trial. Could you please point me in the right direction where I can find out how the Ant-GUBreakout indicators work? Thanks
Those breakout indicators work however you set them up. After plenty of trial and error I have determined that the 4 breakout zones on my chart are of the highest probability for success.

The 2 with stars are by far the best, the other 2 are secondary

ALL +2 GMT
00-02 - Asian session kicks off
*08-10 - London opens
*14-16 - London back from lunch an US opens
19-21 - US back from lunch

The way the indicator works for me is to create a grey zone with those times, then it makes me 2 purple lines that extend for the rest of the day after the grey zone ends. Its a simple breakout method I have been using for some time now. You can zoom out on your chart and see how effective they can be. Used in conjuction with the M1 and M2 methods we have discussed here, its the perfect package. At least for me, everyone will see things their own way though.
  • #229
  • Dec 10, 2008 2:50am Dec 10, 2008 2:50am
TK...can you comment a bit more on M2 setups. What I'm seesing is that they can almost be traded alone. But when you do get one the M1 very often looks great.
Thanks
CanuckCT

Quoting tkpower8
Those breakout indicators work however you set them up. After plenty of trial and error I have determined that the 4 breakout zones on my chart are of the highest probability for success.

The 2 with stars are by far the best, the other 2 are secondary

ALL +2 GMT
00-02 - Asian session kicks off
*08-10 - London opens
*14-16 - London back from lunch an US opens
19-21 - US back from lunch

The way the indicator works for me is to create a grey zone with those times, then it makes me 2 purple lines that extend for the rest of the day after the...
  • #230
  • Dec 10, 2008 3:18am Dec 10, 2008 3:18am
just closed this trade...+46. Suffered thru the pullback....CCI in good downtrend so wasn't really very worried about it.

Also winners on EJ and AU. Total of +128...seven trades. I gotta get some sleep now. F4mnect's new setup is easy to read with these HA candles and stoch. Works great with a M2 floating on top. I like that M2 price action.

Come back soon bud!

I don't trade London much...well this is the second time and the first I woke up early and it was a disaster. Stayed up tonight. But now I know why you guys trade London...everything moves much faster.

Cheers
CanuckCT
Attached Image
  • #231
  • Dec 10, 2008 3:26am Dec 10, 2008 3:26am
Quoting CanuckCT
TK...can you comment a bit more on M2 setups. What I'm seesing is that they can almost be traded alone. But when you do get one the M1 very often looks great.
Thanks
CanuckCT
Rather than try and comment I'll just post examples, please do ask questions though. I'm not the best at explaining becasue I never know what others see and what they do not. I think its pretty simple though, SL is always small and precise, entries are also precise, 80% success rate on average but the losses are always so small it hardly matters

Here are my 2 trades for this morning. Grabbed 50pips total and I'm happy with that for this session

Attached Image (click to enlarge)
Click to Enlarge Name: m2-2.gif Size: 28 KB


The way I filter out even further which ones to take is based on lookin for double tops, double bottoms, higher highs and higher lows, lower lows and lower highs, basic price action. There are no indicators that can ever beat what is visibly happening and none that will get you in to trades so early with confidence. At least thats my opinion
  • #232
  • Dec 10, 2008 3:33am Dec 10, 2008 3:33am
look at this screen , few minutes ago on EURUSD UT1m
looking at the 3 indicators
trade only when SMA50 is crossed (tarde with the trend)
but you can see 2 shorts ans a long ....and a short just on the right beginning
i try to make a ALL of ALL of AllINONe lol
kino
Attached Image (click to enlarge)
Click to Enlarge Name: example 2 sells & 1 buy.gif Size: 27 KB
  • #233
  • Dec 10, 2008 3:35am Dec 10, 2008 3:35am
Nice work. I see it works very well for EJ. I am most impressed with these simple price action setups.
Cheers
CanuckCT

PS...also attaching your template....one trade for GJ....80 pip move....all other noise filtered. It did not fire on the short that I took. It works great. I took a few pips on this move but was watching something else.




Quoting tkpower8
Rather than try and comment I'll just post examples, please do ask questions though. I'm not the best at explaining becasue I never know what others see and what they do not. I think its pretty simple though, SL is always small and precise, entries are also precise, 80% success rate on average but the losses are always so small it hardly matters

Here are my 2 trades for this morning. Grabbed 50pips total and I'm happy with that for this session

Attachment

The way I filter out even further which ones to take is based on lookin...
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 53 KB
  • #234
  • Dec 10, 2008 3:38am Dec 10, 2008 3:38am
TK looks beautiful......please post some of your trades, like this, We want to learn a lot from you
  • #235
  • Dec 10, 2008 3:42am Dec 10, 2008 3:42am
For your setup to be valid, must it be on the next candle or can it be over so 2 or 3 candles.
Cheers
CanuckCT

Quoting tkpower8
Rather than try and comment I'll just post examples, please do ask questions though. I'm not the best at explaining becasue I never know what others see and what they do not. I think its pretty simple though, SL is always small and precise, entries are also precise, 80% success rate on average but the losses are always so small it hardly matters

Here are my 2 trades for this morning. Grabbed 50pips total and I'm happy with that for this session

Attachment

The way I filter out even further which ones to take is based on lookin...
  • #236
  • Dec 10, 2008 3:44am Dec 10, 2008 3:44am
sorry we don't see the left of my screen
her another image

kino
Attached Image (click to enlarge)
Click to Enlarge Name: example 2 sells & 1 buy.gif Size: 28 KB
  • #237
  • Dec 10, 2008 3:45am Dec 10, 2008 3:45am
Nicely done CanuckCT

Keep your eye on that triple stoch (magenta). You always see some great moves whenever it crosses or bouces off 50
  • #238
  • Dec 10, 2008 3:51am Dec 10, 2008 3:51am
Hi Kono,

Your indicators are great making it easy for beginners to really understand when to take a trade and when not to.

Can you post the template of your new setup? Am really loving the buycount indicator. Thanks for your good work...



Quoting kinonen
sorry we don't see the left of my screen
her another image

kino
  • #239
  • Dec 10, 2008 4:01am Dec 10, 2008 4:01am
Quoting tkpower8
Rather than try and comment I'll just post examples, please do ask questions though. I'm not the best at explaining becasue I never know what others see and what they do not. I think its pretty simple though, SL is always small and precise, entries are also precise, 80% success rate on average but the losses are always so small it hardly matters

Here are my 2 trades for this morning. Grabbed 50pips total and I'm happy with that for this session
I've been using your template this week. I only trade a couple hours in the morning and a couple in the evening. So far I've had 10 out of 10 winners.

I hope to hear more about your entries, but when to take profit is the hardest part. Do you always, use a fixed take profit?

Thanks,

Dan
.
  • #240
  • Dec 10, 2008 4:03am Dec 10, 2008 4:03am
Quoting CanuckCT
Nice work. I see it works very well for EJ. I am most impressed with these simple price action setups.
Cheers
CanuckCT

PS...also attaching your template....one trade for GJ....80 pip move....all other noise filtered. It did not fire on the short that I took. It works great. I took a few pips on this move but was watching something else.
if someone can send rsi help alert indicator , thanks
kino
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