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FX-50 Great Scalping System

  • #401
  • Dec 11, 2008 1:11pm Dec 11, 2008 1:11pm
Quoting bvincent
Go to Tools then options then charts and set Max Bars in chart to 500
Do you mean 5000 ?
  • #402
  • Dec 11, 2008 1:13pm Dec 11, 2008 1:13pm
Quoting FX boxer



When we have strong trend day, my friend used to say: "Today every indicator works"
funny how easy it seems to trade when one look at historical charts.

,,,when you find the next so called Guru/honnest man/guy who only wanna help other and so on.. and he start a chatroom.
aks him to call live trades...if the person cant,,whatever excuse he got,,
its a scam....
StopLoss is for none belivers... Trust the Gurus..
  • #403
  • Dec 11, 2008 1:16pm Dec 11, 2008 1:16pm
I'm using the M2 chart setup from TK's template. Yesterday it worked fine, but today it won't auto-update. I have to keep refreshing it.

I've tried re-creating the M2 chart with no luck, each time it has to manually be updated. Can anyone point me in the right direction?
  • #404
  • Dec 11, 2008 1:21pm Dec 11, 2008 1:21pm
Quoting teckmax
I'm using the M2 chart setup from TK's template. Yesterday it worked fine, but today it won't auto-update. I have to keep refreshing it.

I've tried re-creating the M2 chart with no luck, each time it has to manually be updated. Can anyone point me in the right direction?
use this open a 1m chart drag the indi unto chart make sure to click allow dll import ,,then minimize chart go to file open offline find 2m and open..
Attached File(s)
File Type: ex4 Period_Converter_Opt.ex4   9 KB | 529 downloads
StopLoss is for none belivers... Trust the Gurus..
  • #405
  • Dec 11, 2008 1:24pm Dec 11, 2008 1:24pm
Thanks - works fine now.
  • #406
  • Dec 11, 2008 1:33pm Dec 11, 2008 1:33pm
Quoting ranuhook
compare f4 settings to cd settings, f4 appears to catch the move better that cd's
what heiken ashi you use ? try heiken ashi _dm!!!!!
  • #407
  • Dec 11, 2008 1:41pm Dec 11, 2008 1:41pm
Quoting lillelise
use this open a 1m chart drag the indi unto chart make sure to click allow dll import ,,then minimize chart go to file open offline find 2m and open..
I had the same problem so closed the chart failing to update , started again and now its fine . You have to keep the original chart running , like if you started with a 1min converted to 2min , the 1min has to be kept running .
  • #408
  • Dec 11, 2008 1:43pm Dec 11, 2008 1:43pm
Quoting steel777
I had the same problem so closed the chart failing to update , started again and now its fine . You have to keep the original chart running , like if you started with a 1min converted to 2min , the 1min has to be kept running .
yes
StopLoss is for none belivers... Trust the Gurus..
  • #409
  • Dec 11, 2008 1:46pm Dec 11, 2008 1:46pm
Quoting bvincent
Go to Tools then options then charts and set Max Bars in chart to 500
Thanks for the tip.

D.
  • #410
  • Dec 11, 2008 2:04pm Dec 11, 2008 2:04pm
I have the FXfish indicator, and want to change the style of the histogram bars. I want to just have vertical lines, without the slopes that are drawn. Below is the code for the original; how do I change the style to just achieve vertical bars from top to boddom of the window?
Thanks!

int init()
{
SetIndexStyle(0,DRAW_HISTOGRAM,STYLE_SOLID,2,Lime);
SetIndexBuffer(0,buffer1);
SetIndexStyle(1,DRAW_HISTOGRAM,STYLE_SOLID,2,Red);
SetIndexBuffer(1,buffer2);
return(0);
}
  • #411
  • Dec 11, 2008 2:49pm Dec 11, 2008 2:49pm
Could not post attachments in PM so this is for him an answer to his questions. Also playing around with fxprime v2 to see how well it lines up with price action. so far looks like it missed a good trend down.
I have a modified version of Heinken ashi candles to make the candles thinner and it has my colors by default. So thats attached. The white fib lines are derived on the ema in levels tab.

It is fibonanci points from the 28 pink ema.

1 line 8 pips from the 28
2 line 13 pips from the 28
3 line 21 pips from the 28
4 line 34 pips from the 28
5 line 55 pips from the 28
6 line 89 pips from the 28.
7 line 144 pips from the 28.

Also using Heinken ashi candles I modified my version to make the candles thinner.

On the Eur/Usd in a sideways market price will bounce aroudn the 1st and 2nd line. The 28 is
the center of gravity price always reverts back to it. I wait for it to hit the 3rd or 4th in a sideways market and put on two positions. stop goes above the 3rd or 4th line. half comes off at the 28 ema. Move stop down on 2nd have and follow through the 28 ema if it breaks that until it reversus on the other side.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 25 KB
Attached File(s)
File Type: mq4 Heiken Ashi.mq4   4 KB | 519 downloads
File Type: tpl priceactionfibs.tpl   5 KB | 598 downloads
  • #412
  • Dec 11, 2008 2:55pm Dec 11, 2008 2:55pm
Hullo TK8

I am intrigued by your posts but I confess to not fully understanding your method. (As CanuckCT highlighted, your first post was swamped in the total chaos of the CD thread - apologies for not paying attention then - so I'm trying to catch up now.

This especially got my complete attention (is it still true??)
"...after 08 gmt and then the same again after 14 gmt. I trade e/j and g/u and it makes more then enough for this to be my only form of income."
My times perfectly -I live in UK - and two of my favourite pairs.
Also watch EU but maybe too slow for your method?

I have traded on and off but with mixed results so now I'm back on demo keen to return to real rading.

I hope you will help with some (many to come) questions.

"And so by 'eating', I mean the next candle was taken over by the bears and ate up all the gains that the bulls had made in the previous candle, and more."
Not sure what the 'eating' part looks like...
Need some more examples please?

"it's a funny one to put into words" I prefer charts anyway.

Does your signal come only from the M2, the M1 (FX-50) is only for re-entry?

rorieu
  • #413
  • Dec 11, 2008 2:56pm Dec 11, 2008 2:56pm
Quoting blee95
Hello TK

I have been live trading your price action setup for the last two days with some good results. Thank you for sharing.

I have some questions regarding my latest trades. The first one stopped out for a loss and the second stopped out at breakeven. My other trades have all been positive. Could you please let me know if the trades were a proper entry. Any other input is much appreciated.

Thanks in advance
The 1st trade you entered for a loss was kinda valid but if you want to take the safest ones it should be closer to the 21SMA than that, the 2nd one is not a valid entry. Also I do not trade a/u because its not as effective for me as e/j and g/u and I only have 2 monitors so 2 pairs will do.

I think I will have to start up a thread for the M2 as not to confuse it with this M1. I appologise to anyone that has been confused by this combo. if you are new to forex you should definately stick to 1 method, 1 pair and 1 timeframe to start with.

I only started posting on this systems threads because I had an M1 method which was very similar to the original fxprime, and then I threw in the M2 because I have been trading it for 6 months and it works for me. I just want to make it clear that my M1 and M2 methods to do not always associate with each other and I personally prefer the M2. The M2 for me is the ultimate manual trading method and the M1 is a project I am trying to automate.

I will name my thread TKPOWER8 M2 ATM .. or something obvious like that
  • #414
  • Dec 11, 2008 2:59pm Dec 11, 2008 2:59pm
Oh well that's indicators for you.... I'll have to say that CD did do a good job on this.... Why he wanted to ruin it by charging is beyond me... oh well that's the way the cookie crumbles.... Merry Christmas to all ...

Fron soeasy69 Ho ho ho!
Attached Image (click to enlarge)
Click to Enlarge Name: slow short.gif Size: 56 KB
  • #415
  • Dec 11, 2008 3:17pm Dec 11, 2008 3:17pm
Quoting tkpower8
I only started posting on this systems threads because I had an M1 method which was very similar to the original fxprime, and then I threw in the M2 because I have been trading it for 6 months and it works for me. I just want to make it clear that my M1 and M2 methods to do not always associate with each other and I personally prefer the M2. The M2 for me is the ultimate manual trading method and the M1 is a project I am trying to automate.

I will name my thread TKPOWER8 M2 ATM .. or something obvious like that
Nice, can't wait for the thread. Love your template BTW, has everything and more on in it and looks great.

JMC
  • #416
  • Dec 11, 2008 3:30pm Dec 11, 2008 3:30pm
Quoting tkpower8
I think I will have to start up a thread for the M2 as not to confuse it with this M1.
  • #417
  • Dec 11, 2008 3:31pm Dec 11, 2008 3:31pm
Thanks for the input.

My understanding of the 2nd trade was that since the bull candle came alomst to the 21 line and then 2 bear candles 'ate' the pervious bull candle by 2 pips I should enter. Do they need to be on bull candle and one bear candle side by side for the price action to be a valid entry? Not spread over two candles?

Thanks again and I look forward to your new thread since the M2 format seems clearer to me.
  • #418
  • Dec 11, 2008 3:41pm Dec 11, 2008 3:41pm
Quoting Syahmi
Hi there...

Care to share your template and indicators ?

TQ

Enjoy guys... the moving averages I got from somewhere in these 2 threads... I think this is very close to what CD sold to those lucky 100 people... IMHO I like the new setup it's a lot easier on the eyes that V1... It makes pips... cool!
Attached File(s)
File Type: mq4 FXprime_V2 Final.mq4   10 KB | 1,094 downloads
File Type: ex4 Heiken_Ashi_Smoothed.ex4   5 KB | 762 downloads
File Type: tpl fxprime v2.tpl   13 KB | 912 downloads
  • #419
  • Dec 11, 2008 3:43pm Dec 11, 2008 3:43pm
Quoting blee95
Thanks for the input.

My understanding of the 2nd trade was that since the bull candle came alomst to the 21 line and then 2 bear candles 'ate' the pervious bull candle by 2 pips I should enter. Do they need to be on bull candle and one bear candle side by side for the price action to be a valid entry? Not spread over two candles?

Thanks again and I look forward to your new thread since the M2 format seems clearer to me.
I'll just give you a quick yes on that one, candle eating candle must be side by side. Its the psychology behind it that got me into this.

ie. In a 2 minute period lets say the bulls gained (x) pips but then in the very next 2 minute period (an equal amount of time is what I'm getting at here because this does work on the M5 also but with bigger SL's) the bears took it all back and more. This shows me that at this moment the bears have more power, and so we then use the 21SMA as a point price always returns to. I'm sure you could use any MA you like for this, the 21 is what I like though.

For those interested I will set-up the M2 thread on Sunday.
  • #420
  • Dec 11, 2008 3:48pm Dec 11, 2008 3:48pm
Quoting soeasy69
Enjoy guys... the moving averages I got from somewhere in these 2 threads... I think this is very close to what CD sold to those lucky 100 people... IMHO I like the new setup it's a lot easier on the eyes that V1... It makes pips... cool!
so what are you gonna use all the cash for..???
pretty nice of you taking time for posting...my self would have been out shopping..
StopLoss is for none belivers... Trust the Gurus..
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