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FX-50 Great Scalping System

  • #321
  • Dec 10, 2008 8:25pm Dec 10, 2008 8:25pm
Quoting emda
I'm off this thread...
To everybody:
Please think this:
STOP trying to look for v2 indicator or v1 or v3 or v4.. I think v5 is better... no... there is no indicator for trading. It is just a SCAM... don't keep it going. If the indicator would be so awesome... that dude would not need to seel any indicator or post anything on this forum.. he would just trade and make millions with it.

Also I think the system alone with both cci's is enough... more than 2 indicators in any system is not good. The only thing that this system has to have to be...
I did already warned them about using this indicators and the danger of scalping but seems nobody is listening. Anyway, i'll post you guys my own templates without any indicators at all (naked trading)..If interested i'll create my own thread. And yes its free. No scamming here and there...
  • #322
  • Dec 10, 2008 8:33pm Dec 10, 2008 8:33pm
Yo guys, as promise, this are the templates i use for my trading..... its the basic version and YES i will post the advance version ONLY if you fully understand the basic first. and YES ITS FREE!...so don't worry about it.
Attached File(s)
File Type: ex4 Time Zones.ex4   8 KB | 856 downloads
File Type: ex4 Average Daily Range.ex4   6 KB | 828 downloads
File Type: ex4 Grid.ex4   5 KB | 787 downloads
File Type: ex4 3 SMA Trend Filter Pro.ex4   8 KB | 988 downloads
File Type: ex4 Trendline Alerter.ex4   4 KB | 889 downloads
File Type: tpl buaya puteh basic version.tpl   35 KB | 875 downloads
  • #323
  • Dec 10, 2008 8:42pm Dec 10, 2008 8:42pm
Hey there AQD,
Why don't you start a thread to discuss your methods of trading. If it's good...people will viisit.
Cheers
CanuckCT

Quoting Al-Q-DUH
Yo guys, as promise, this are the templates i use for my trading..... its the basic version and YES i will post the advance version ONLY if you fully understand the basic first. and YES ITS FREE!...so don't worry about it.
  • #324
  • Dec 10, 2008 8:45pm Dec 10, 2008 8:45pm
Here attached is the advance version of the buaya puteh. yes it look messy but this is the only indicators i used. No more than that.SMA, Bollinger Bands and SAR. You will also notice i use fractals but those fractals are meant to be apply with Mouteki.....Interested?...i'll start my own thread if there's a lot of request....
Attached Image (click to enlarge)
Click to Enlarge Name: Advance Buaya puteh.JPG Size: 412 KB
  • #325
  • Dec 10, 2008 8:50pm Dec 10, 2008 8:50pm
Quoting Al-Q-DUH
I did already warned them about using this indicators and the danger of scalping but seems nobody is listening. Anyway, i'll post you guys my own templates without any indicators at all (naked trading)..If interested i'll create my own thread. And yes its free. No scamming here and there...
Looking at post #325 That doesn't look like a naked chart at all.

THIS is my naked chart.

[edit]This is my Scantily Clad chart.
Attached Image (click to enlarge)
Click to Enlarge Name: nakedchart.gif Size: 27 KB
  • #326
  • Dec 10, 2008 8:53pm Dec 10, 2008 8:53pm
Ronald,
You have a pivot on that chart...so it's not naked either....
Cheers
CanuckCT


Quoting Ronald Raygun
Looking at post #325 That doesn't look like a naked chart at all.

THIS is my naked chart.
  • #327
  • Dec 10, 2008 8:55pm Dec 10, 2008 8:55pm
Ok fine, it's "scantily clad"
  • #328
  • Dec 10, 2008 8:56pm Dec 10, 2008 8:56pm
I have to agree, out with indicators.

I've been an intraday live trader using higher timeframes for a few years, and I decided to increase my forex income scalping lower TFs. I thought maybe i needed a "system"... Well, after 2 months testing, the best system is candles, channels, resistance and support lines!

Know the pair you're trading well, draw some fibs over last swings to watch where retraces will stop, and you're there. Anything with indicators just gives you late signals and because we're working with small profits, can cut your overall number of profits a lot.
Lower timeframes scalping can't be done effectivly with indicators, it's all in PA and knowing where key points are.

I may be wrong in some points, but this is what i've come in to conclusion after these two months testing. And don't get me wrong, i did have overall profit, but i felt and came to be sure of that with indicators i could never take full advantage of this trading technique.

I'll keep lurking around!
Traders are smartasses
  • #329
  • Dec 10, 2008 8:56pm Dec 10, 2008 8:56pm
It's a G String....or a thong...you know there something there but can barely see it.
Cheers
CanuckCT

Quoting Ronald Raygun
Ok fine, it's "scantily clad"
  • #330
  • Dec 10, 2008 8:58pm Dec 10, 2008 8:58pm
Quoting Al-Q-DUH
Here attached is the advance version of the buaya puteh. yes it look messy but this is the only indicators i used. No more than that.SMA, Bollinger Bands and SAR. You will also notice i use fractals but those fractals are meant to be apply with Mouteki.....Interested?...i'll start my own thread if there's a lot of request....

Honestly, it *is* messy
Traders are smartasses
  • #331
  • Dec 10, 2008 9:14pm Dec 10, 2008 9:14pm
Hi Spsantos,
I started a thread called price action scalping...perhaps you could make a few posts there. I think those are great points you make. he best nugget for me this week id the M2 trading with one moving average. That's a great little price action strategy. Just took 10 pips on EJ trade using it..
Cheers
CanuckCT

Quoting Spsantos
I have to agree, out with indicators.

I've been an intraday live trader using higher timeframes for a few years, and I decided to increase my forex income scalping lower TFs. I thought maybe i needed a "system"... Well, after 2 months testing, the best system is candles, channels, resistance and support lines!

Know the pair you're trading well, draw some fibs over last swings to watch where retraces will stop, and you're there. Anything with indicators just gives you late signals and because we're working with small profits, can cut your overall...
  • #332
  • Dec 10, 2008 9:26pm Dec 10, 2008 9:26pm
Quoting jth
Just follow the yellow brick road (links) #279
JTH
Many thanks!!
  • #333
  • Dec 10, 2008 10:30pm Dec 10, 2008 10:30pm
Quoting tkpower8
I took some screenshots of some trades to teach some friends of mine how to trade. All of these shots are taken right after I exited so you can also see my exits.

Some of them I exited due to pivots, some due to bears overpowering bulls or the other way around, and some I just exited because my daily target was hit and I didn't want to sit there any longer.

Attachment

Screenshot sizes vary due to some being on my laptop and some on my desktop. Thats the beauty about this job, you travel, stay in hotels with internet in the room...
Thanks for sharing your M2 system. Seems like a good early entry signal for the FX-50 system. I seem to ask this question a lot lately but here it goes again; when do you move your SL to break even with this M2 strategy? Also, do you scale out of your trades or go full position size from open to close? I've been having a little bit of success with the FX-50 strategy but I believe I can do a bit better with a solid MM strategy in place. I have been going from positive pips to negative for a loss on more than one occasion lately.

Thanks again,

JMC
  • #334
  • Dec 10, 2008 10:34pm Dec 10, 2008 10:34pm
Not naked but this is what I use for price action.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 31 KB
  • #335
  • Dec 10, 2008 11:32pm Dec 10, 2008 11:32pm
ok fine....this is NAKED!!!! Huhuhuhu.......
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 159 KB
  • #336
  • Dec 10, 2008 11:36pm Dec 10, 2008 11:36pm
Yours has gridlines...
Attached Image (click to enlarge)
Click to Enlarge Name: truenakedchart.gif Size: 47 KB
  • #337
  • Dec 10, 2008 11:38pm Dec 10, 2008 11:38pm
ackkksss!!!
  • #338
  • Dec 10, 2008 11:40pm Dec 10, 2008 11:40pm
Blind mice trading! Blind mice trading trading! Blind mice trading naked.
I guess we do need a rat maze to trade.
  • #339
  • Dec 10, 2008 11:59pm Dec 10, 2008 11:59pm
Make sure you study every indicator before the next trigger pull
Will you pull it?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 52 KB
  • #340
  • Dec 11, 2008 12:00am Dec 11, 2008 12:00am
Ahem, anyway, lets get back to biz..to those who download my templates and EA, those gridlines, if you noticed, identify ROUND NUMBERS...1.6000, 1.6050, 1.7000...and so on....Those gridlines are like pivot points. Market price tend to gravitate to the next or before round numbers. Th ADR refers to the average daily range for a particular currency pair. So if the ADR is 180, i may target a 60 pips profit for that pair. You will also notice 6 time frames on the upper left of the chart specially programmed for this system. If you see a green colour time frame, it shows a bull run for that particular time frame. If its red, then a bear is dominating the fall. If no color then the market is indecisive yet. Ofcos with this basic tools WILL NOT make you rich but i'm sure you will capture 20 pips or more just by following the basic rules of the buaya puteh (mighty gator).....

P.S...Should i start my own thread people?...So lazy man typing, pasting here and there....aiyaa.....
Attached Image (click to enlarge)
Click to Enlarge Name: Basic.JPG Size: 330 KB
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