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  • #541
  • Dec 14, 2008 2:26am Dec 14, 2008 2:26am
Yes, I have to admit, it’s getting confusing for beginner like me to understand this thread as a lot of you guys are sharing your strategy/template. Currently I tried all the template/strategy from this thread (ie f4mnect, fxprime v1 & v2, kino, rainbowtwist etc).

I think I’m getting nowhere as only a brief of entry & exit has been discussed here. There is a lot of false/fake signal I encountered and I’m still not sure how to avoid it. I’m really envy you guys that can get 500pip everyday even on single pair. Thats awesome!!!. How you guy do it, appreciate you guys can share on how to steal small pip and how to swallow big pips.

It will be convenience for beginner like me to possess your guy expertise in form of pdf/video and share few example on how to entry, exit and avoid false signal.

Thanx to Trade Simulator, now I can conduct endless backtest which can shorten my learning curve.

p/s: I wish I can get 500pip perday as well, even if I can get 100pip per day would be awesome
  • #542
  • Dec 14, 2008 5:16am Dec 14, 2008 5:16am
Quoting Flamenco143
Having some time on my hands I decided to take the 1M - 2M -5M & 15M time frames and do a comparison with identical entry and exit criteria for a random pick of the day last week ( 1 day only - cause it's a lot of work) based on the scalping method f4 and I use which is almost identical. He uses a couple of indicators I don't use, and I use a couple he doesn't - but all in all our systems are pretty close to one another. I was just curious which time frame would be better with my (our) strategy because I get burned out on the 1M.

Interesting results....

hi, flamenco i am spanish, i like flamenco do you know CAMARON DE LA ISLA?
this is the great. you speak spanish? this es mi email i can send the beter of camaron the better singing of flamenco. [email protected]
  • #543
  • Dec 14, 2008 5:17am Dec 14, 2008 5:17am
Quoting wanoto
p/s: I wish I can get 500pip perday as well, even if I can get 100pip per day would be awesome
Do on quality not quantity. You really don't need 500pips/day. The more you trade the more you risk. Don't over trade your self. Its better to take 3 safe trades than 10 risky ones. Start with 20pips/day and if consistently successful, then target 30,50...and so on.
  • #544
  • Dec 14, 2008 5:23am Dec 14, 2008 5:23am
Quoting Rastaman
Forget the V2 folks, I was just using F4's system to ride the USD/JPY for 50 pips SHORT. The v2 reported a short entry after 60 pips had already passed and just as the retracement was taking place. If it can't get you into a short trade till 50 pips has slipped past you, you certainly don't need it.
F4's system got me 50 pips total in less than 10 mins on the same trade.
Hi rastaman. I know you're a valuable trader, and I don't want to defend V2 yet since I still need more time to evaluate it, but I think to make a judgment it would be appropriate to use it according to the rules its creator suggested, which have been spread all over the Internet so far. Let's not forget V2 is a system with a filter. That means it's meant to avoid BAD (hopefully most of them) and GOOD (hopefully few of them) trades. That one was a good trade for you, but was also a NO TRADE for V2 if you review all the rules. Instead, just before your trade, at 8:04 GMT V2 gave a beautiful trade which went up to 102 pips and, following strictly the exit suggested by CD, would have given 74 pips.
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  • #545
  • Dec 14, 2008 6:47am Dec 14, 2008 6:47am
Anyone have stealth hybrid indicator? many thanks
  • #546
  • Dec 14, 2008 8:08am Dec 14, 2008 8:08am
you guys are starting to trade around publicly... commercial indicators that cost money and are not public. watch out this can get you and this thread in trouble.
  • #547
  • Edited 10:01am Dec 14, 2008 8:42am | Edited 10:01am
The original V1 settings for the Double Woodies CCI was 34/170. Included in the V1 system were the HAS candles and an RSI setting of 14. This worked well and there was nothing wrong with it in total. It made me a bundle and got my scalping profitable.

I, as a personal choice replaced the RSI with the QQE Alert because it gave the identical value information as the RSI but it gave me the benefit of having an alert when the QQE crossed the 50 line. So no dramatic changes had occurred up to this point.

Soon I, like f4 and some others saw that we preferred not to sit and wait so long for the 34CCI to cross ’0’ back into the 170. We saw that while it may have been riskier (and that is open to debate) we were wanting to get into trades sooner and hitting an extra 10+ pips. I changed the Woodies Double CCI almost back to Woodies (not CD’s) original settings and that worked better for me with my psychological trading barriers.

F4 also felt the same way and did a better change than mine by just changing the original settings of 34/170 to 21/89. Plus he added 2 Guppy lines with the values of 35/55 and traded price action bounces off those two guppy lines. I liked what he was doing there so I started including them on my charts. Eventually we both replaced his 35/55 guppy lines with 12 (or 14) and 25 guppy lines as it was more accurate for trading the bounces on the 1M we felt.

And CunuckCT along with a couple of others tweaked and helped support the original V1 system along the way in so many ways I couldn’t begin to mention here. Conversely others came in and starting adding on superfluous, unreliable and untested indicators that certainly didn’t help improve the accuracy of the original system.
In regards to V2’s accuracy and profit potential you are faced with the same situation as occurred in the original V1 thread. V2 was ‘created’ using the new ‘improved filter’ which was alleged to keep one out of 90% of the bad trades. Before judgment can be passed on it’s effectiveness one must remember that CD (or whoever actually designed the V2) did so with his original Double Woodies CCI settings of 34/170. So to make an accurate comparison if V2 DOES work effecively you have to keep the 34/170CCI V1 values in mind, and not the CCI changes made by me or others.

We are NOT all the same. If we were, one system, one or two identical indicators, one time frame would work for all of us and we’d all be millionaires. Sad to say this is not the case is it?
Gasgas’s recent posting about the 10 pips is SO RIGHT ON! And let me explain why. When I did that recent almost 24 hour marathon time frame comparison I was surprised by the results, as I had anticipated the outcome to be different. But what it showed that ‘scalping’ CAN be profitable any time throughout the day. Yes, there are times when a trading session is ‘more’ profitable.

I ‘m after 500 pips a day. BUT I DON’T EXPECT THAT! What I expect (and in all honesty I have to keep reminding myself of this) is to get 10 PIPS! That’s it! That’s my goal! I’m scalping! I’m not looking for a bunch of indicators to line up and show me the way to a 40+ trend move. If it happens (which it does frequently) great! But it happens when I’m after my 10 pip profit and I’ll ride the trade until my indicators or candles tell me to get out. And yes I do trade 3 to 5 lots for my total daily goal.
Once again, I’m after a 10 pip profit. Then I’m after that again, and again, and again. I think my point is made here. And if all I make for the whole day is 10 pips . . . . I’m OK and happy with that!

P.S. And fxtrading24 and rodhuy are correct. Keep this thread dealing with V1 and/or V2. If someone wants to change something or add other indicators at least have the courtesy to demo trade those changes for awhile. Then post them along with an explanation of how those indicators are better, the reasons you changed them, and exactly what they've done to improve your scalping. That would be so much more beneficial to the rest of us! Celticheart did a classic job of that in HER posting!
  • #548
  • Dec 14, 2008 9:14am Dec 14, 2008 9:14am
Quoting Flamenco143
The original V1 settings for the Double Woodies CCI was 34/170. Included in the V1 system were the HAS candles and an RSI setting of 14. This worked well and there was nothing wrong with it in total. It made me a bundle and got my scalping profitable.

I, as a personal choice replaced the RSI with the QQE Alert because it gave the identical value information as the RSI but it gave me the benefit of having an alert when the QQE crossed the 50 line. So no dramatic changes had occurred up to this point.

Soon I, like f4 and some others (most recently...

A very valuable and sensible posting. Thank you Flamenco 143. Have a good trip here in the Philippines - yes, this is where I am - contact me if you have any problems or are passing by Central Luzon area.
  • #549
  • Edited 9:45am Dec 14, 2008 9:30am | Edited 9:45am
Quoting Flamenco143
Celticheart did a classic job of that in his posting!
Thanks! I know I have definitely gotten the most benefit from your and F4's changes. I also tried out the QQE crossing 50, but then discovered it was almost identical to a CCI 55 (which is also almost identical to a MACD 5/35/5 histogram). So I figured if I was going to wait for a QQE confirmation, anyway, I might as well just use CCI 55, since the visual of the histogram is easier for me. I agree with you 100% that it really has a lot to do with the individual and what they can most easily recognize as a signal, and what thresholds of risk v opportunitity they are most comfortable with, as to the optimum settings.

ps... I'm a "she," not a "he"
  • #550
  • Dec 14, 2008 9:33am Dec 14, 2008 9:33am
Hi Flamenco143, please could you answer a few questions regarding your backtest post

 

  1. What day and what pairs was this test performed on?
  2. What time gmt do you consider market close?
  3. Do you always enter on bar open?
  4. Do you trail for exits or go out when special candles close?
  5. What do you mean by 'unless i can do it live, which was the case here'... Did you really make that many pips on 1min tf?

Many Thanks


Quoting Flamenco143
Having some time on my hands I decided to take the 1M - 2M -5M & 15M time frames and do a comparison with identical entry and exit criteria for a random pick of the day last week ( 1 day only - cause it's a lot of work) based on the scalping method f4 and I use which is almost identical. He uses a couple of indicators I don't use, and I use a couple he doesn't - but all in all our systems are pretty close to one another. I was just curious which time frame would be better with my (our) strategy because I get burned out on the 1M.

Interesting results....
  • #551
  • Dec 14, 2008 9:45am Dec 14, 2008 9:45am
Well Hello celticheart ... lol just playing, been up all night looking at a little change to my set up, that has me quite excited...well and no sleep and to much coffee could be part of that. Think I'm saving template, sleeping on it and then when I wake up, seeing if I'm the genius I think I am currently... lol ahaha, How come after a few hours of sleep, what I was looking at, never is quite as life changing as before.

Quoting celticheart

ps... I'm a "she," not a "he"
  • #552
  • Dec 14, 2008 9:56am Dec 14, 2008 9:56am
Quoting locknpop
Hi Flamenco143, please could you answer a few questions regarding your backtest post

  1. What day and what pairs was this test performed on?
  2. What time gmt do you consider market close?
  3. Do you always enter on bar open?
  4. Do you trail for exits or go out when special candles close?
  5. What do you mean by 'unless i can do it live, which was the case here'... Did you really make that many pips on 1min tf?

Many Thanks

Quick reponse because I'm in Manila heading out the door, and going where there aren't any cell towers so I'll be out of touch.
#1. thought I covered that in my post. I started at 03:00 and went to about 23:30GMT on the G/U.
#2. Screwed up on 'market closing' cause I was tired and not thinking straight (normal condition for me. I wrote 'market closing' because my mind was on Friday. It should have read 'end of GMT day' instead of 'market closing'.
3. Depends on what the previous bar/indicator/candle is showing me.
4. I never trade with a S/L or trailing stop on 1m. I exit 'close' to candle closing. Sometimes it's better, sometimes not. But what is important is to have ONE rule about exiting and stick to it. It'll all come out even in the long run.
#5. ??? I said I don't consider backtesting valid because after awhile my mind starts playing games on looking at the historical data. I ONLY consider live, moment by moment testing (particularly on 1M) valid. If I didn't make those pips on scalping I wouldn't even be here. I'd be on some other thread doing some complete different strategy as I use to in the past (with less profits than here!)

By all! Taxi's here.
  • #553
  • Dec 14, 2008 10:02am Dec 14, 2008 10:02am
Quoting f4mnect
Well Hello celticheart ... lol just playing, been up all night looking at a little change to my set up, that has me quite excited...well and no sleep and to much coffee could be part of that. Think I'm saving template, sleeping on it and then when I wake up, seeing if I'm the genius I think I am currently... lol ahaha, How come after a few hours of sleep, what I was looking at, never is quite as life changing as before.
Hi, f4 lol

I do the same thing, keep making little changes... I figure there's always room for improvement! My current setup is working really well for me, but I still keep tweaking it, anyway. And I can't stop trying out new indicators I've still got it narrowed down to laguerre (just a different type of rsi, but i like it better), cci55 and adx, which i really use only to tell me whether to get out or hold if a trade turns around and goes the wrong way (not for entries or exits).

Very interested to see what change you're trying out!
  • #554
  • Dec 14, 2008 10:14am Dec 14, 2008 10:14am
im always interested in hearing what f4mnect or flamenco143 have to say ! i love the tweaks between the two celticheart ! they have helped my trading immensely ! always read then reread there posts lots of nuggets ! cant wait to see myself ! thanks
  • #555
  • Dec 14, 2008 11:04am Dec 14, 2008 11:04am
So in less than 21hrs you had 31 winning trades averaging 31pips on one pair for 960ish pips.... LIVE!!!
On a day you picked at random????
When you only have a trade and daily goal of 10 pips???

Sorry, but that is just incredible.

Discretion advised Folks!

Just because they talk a talk dont mean they walk the walk.




Quoting Flamenco143
Quick reponse because I'm in Manila heading out the door, and going where there aren't any cell towers so I'll be out of touch.
#1. thought I covered that in my post. I started at 03:00 and went to about 23:30GMT on the G/U.
#2. Screwed up on 'market closing' cause I was tired and not thinking straight (normal condition for me. I wrote 'market closing' because my mind was on Friday. It should have read 'end of GMT day' instead of 'market closing'.
3. Depends on what the previous bar/indicator/candle is showing me.
4. I never trade with a S/L or...
  • #556
  • Dec 14, 2008 11:11am Dec 14, 2008 11:11am
Quoting locknpop
So in less than 21hrs you had 31 winning trades averaging 31pips on one pair for 960ish pips.... LIVE!!!
On a day you picked at random????
When you only have a trade and daily goal of 10 pips???

Sorry, but that is just incredible.

Discretion advised Folks!

Just because they talk a talk don't mean they walk the walk.
Maybe if you would read all Flamencos posts and his following, and his genius attitude, you would change your attitude about him and others.
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #557
  • Edited Dec 15, 2008 4:49am Dec 14, 2008 12:14pm | Edited Dec 15, 2008 4:49am
Quoting locknpop
So in less than 21hrs you had 31 winning trades averaging 31pips on one pair for 960ish pips.... LIVE!!!
On a day you picked at random????
When you only have a trade and daily goal of 10 pips???

Sorry, but that is just incredible.

Discretion advised Folks!

Just because they talk a talk dont mean they walk the walk.
I'll answer this post while I still have a connection. Locknpop, you're the one that's incredible. You asked for clarification and I was kind enough to give the the answers to what I had done. First of all, I never said I traded 21 hours straight with my live account. I arbitrarily picked a day and decided this was not going to be a day I would trade, but rather check and see using the system which time frame would produce the best results for me because quite frankly I just flat out didn't know. What I shared was results of time frame comparisons if one HAD been trading 21 hours straight basically using the V1 (f4's modifications mostly) during that period. It's responses like yours that are the reason I have primarily stopped offering my help.

You come out with the accusation I am not above board or honest. Now YOU prove to everyone by showing ANY of my posts where I have lied, mislead or intentionally given false information to anyone.

I answered your questions and you turn around and insult me and my integrity! This is not my thread, and this is NOT my system. Yes, there are some things I tweaked or replaced but I have nothing for sale so what are you proposing I am gaining here by giving false information? What I suggest can either be accepted into a trader's arsenal, or rejected. I don't make anything from either of those choices!

This is insulting to anyone sharing their time and knowledge. I cringe whenever I see a new thread starter getting bombarded with “system effectiveness” requests. No one owes you an explanation, their time, or their ideas. Test it out for yourself – worst case scenario; you might actually learn something. Plus I never said I STOPPED trading with a 10 pip goal. I stated basically that was my primary goal, and I'd be happy with 10 pips, but I LET THE TRADES RIDE till my indicators tell me it's time to get out, usually with a handsome profit because of trading multiple lots!

And if you had read my post correctly you will see that I never said my 'daily goal' was 10 pips. My 'daily' goal as I posted is 500 pips. Do I always make it? Of course not! But I'm aiming for that a step at a time and not all at once. Exactly where in that time frame comparison post did I say I got 960 pips on 31 trades? I sure can't find it! So please get your information correct before you start publicy showing your lack of ability to absorb and retain information. And in your 9 posts in the past year and a half please show me one where YOU made any significant contribution other than give opinions! It seems like you're the one here that's talking the talk and not walking the walk!

It doesn't take a bloody forex genius to make 500 pips a day trading the right pairs with this volatile market now going on. All it takes is realistic goals, the right chart set-up, trading the right volatile pairs, a good winning %, and preserverance.
  • #558
  • Dec 14, 2008 2:01pm Dec 14, 2008 2:01pm
Why did you guys changed the setting of the GUPPY from 34/55? i trade with this setup lately with great results. an example with 80 pips on GBP from friday illustarates how great this setup looks. I now look at GUPPY 12/25 and it looks too short (the MA's), lots of false trades and pullbacks, i quess i still dont know how to trade it. can you give few examples?I'm gonna stick with the 34/55 for now, it's the best system I've seen so far for 1min scalping.
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  • #559
  • Dec 14, 2008 2:38pm Dec 14, 2008 2:38pm
lol here we go again. please watch the crap. 1st of all your not reading everything. He stated it was just a visual back test and explained how it was done( he stated was not live and why he did it)...more than once. Also flamenco is the real deal...A trader who trades for a living and does very very well with it. Were lucky to have his help and he does not need to be posting here. A few beginner traders have all ready talked crap to him once before and he stopped posting. How about listen, learn and become a better trader for what he has to offer. I also trade for a living, but after getting my ass handed to me more than once by mult people, I'm posting very little here and most of my new stuff has been moved to a diffferent thread that I have complete control of. Good luck everybody and please read everything before jumping on somebody

Quoting locknpop
So in less than 21hrs you had 31 winning trades averaging 31pips on one pair for 960ish pips.... LIVE!!!
On a day you picked at random????
When you only have a trade and daily goal of 10 pips???

Sorry, but that is just incredible.

Discretion advised Folks!

Just because they talk a talk dont mean they walk the walk.
  • #560
  • Dec 14, 2008 3:03pm Dec 14, 2008 3:03pm
Quoting HUnter123
Why did you guys changed the setting of the GUPPY from 34/55? i trade with this setup lately with great results. an example with 80 pips on GBP from friday illustarates how great this setup looks. I now look at GUPPY 12/25 and it looks too short (the MA's), lots of false trades and pullbacks, i quess i still dont know how to trade it. can you give few examples?I'm gonna stick with the 34/55 for now, it's the best system I've seen so far for 1min scalping.
I'm passing a cell tower so I'm back on, for how long I have no idea. A few of us changed the original 4f guppy settings ONLY because of impatience and for no other reason. The new settings just got me into trades sooner (which sometimes was not that good for me!)

The 34/55 settings are for the most part no better or worse than the other settings, and NO indicator or the specific values of any indicator will work for everyone. The 34/55 Guppy lines were a GREAT addition on f4's part. If they work for you then don't change because you're making pips with it, you're comfortable with them, and in the end, that is ALL that matters!
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