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FX-50 Great Scalping System

  • #821
  • Edited 10:04pm Dec 17, 2008 9:33pm | Edited 10:04pm
Quoting John Edwards
I love it to be a junior here on the forum (for my age is 62)) and I am trading for more than 20 years, Stocks, options and nowadays only FOREX.

Okay having said that...... on to the remark I'd like to make. Basically the FX-50 system is a Wave 5 (Elliot waves therory) trading system, for most of time time the Wave 3 is being skipped here by the CCI 89/21 setup.

Nothing wrong with that..... That is just how this system works. But when you are quite good at divergencies you will also be able to take the Wave 3 trades..... These most of the time...
hi John

im really gratefull that you share your experienced knowledge and detailed info on our system, gives more understanding to it, also with the new DoubleWoodyCCI w/SMA gives good signals, i had this script before but deleted because i found it useless didnt know what the middle line was for (didnt really look at it tho, to pre-occupied to get an ALERT enabled script))

Also before i used the i-Trend indi because i liked the way it showed the trand change, was quick, but the DoubleWoodyCCI SMA is even faster to spot Trend changes also for Entry's/Exit's points, just noticed this gives better signals than ZeroLag Indi did'nt even have time to use it LOL !!!

anyways i tested and analyzed the charts with this its' really accurate, so i think it should be fully part of FX50 system,

Thanks Again
Don't forget Practice + Patience + Persistence = Profits
  • #822
  • Dec 17, 2008 11:06pm Dec 17, 2008 11:06pm
Quoting maxzeus
hi John

im really gratefull that you share your experienced knowledge and detailed info on our system, gives more understanding to it, also with the new DoubleWoodyCCI w/SMA gives good signals, i had this script before but deleted because i found it useless didnt know what the middle line was for (didnt really look at it tho, to pre-occupied to get an ALERT enabled script))

Also before i used the i-Trend indi because i liked the way it showed the trand change, was quick, but the DoubleWoodyCCI SMA is even faster to spot Trend changes also...
I appreciate that you are working with it..... that's enough for me !

BTW Have you noticed how the Mediator T3MA (40-0.81) helps blocking out false entries when it is slightly ovehead of the price...... even though the FX-50 system rules would have said...... Take this long?

There was one example this morning on EurUSD at 3:58 GMT where this occurred........ where otherwise you barely would have made enough pips with that trade.

Next T3MA (40-0.81) underlined an absolute great trade at 05:17 GMT !
The other advantage of the Gann Activator here is that you have an immediate visual indication that you have a perfect tradesetup for long at this point in the chart on three TF's at the same time, i.e. Gann TF1 Gann TF5 and Gann TF15 are all underneath..... showing enormous price action to go up. Easy 40 pips in 10 minutes...

Have a look at this........ in combination with the DoubleCCI-With_SMA........ you actually don't need anything else.

BTW did you notice how accurate the Mediator pinpointed the Short trade at 6:42 GMT ? It's really amazing how accurate this one is every time gain.... Right now already another 40 pips ..... exactly according to FX-50 system rules.....

Have a nice day all, John






  • #823
  • Edited Dec 18, 2008 12:12am Dec 17, 2008 11:52pm | Edited Dec 18, 2008 12:12am
Quoting John Edwards
I appreciate that you are working with it..... that's enough for me !

BTW Have you noticed how the Mediator T3MA (40-0.81) helps blocking out false entries when it is slightly ovehead of the price...... even though the FX-50 system rules would have said...... Take this long?

There was one example this morning on EurUSD at 3:58 GMT where this occurred........ where otherwise you barely would have made enough pips with that trade.

Next T3MA (40-0.81) underlined an absolute great trade at 05:17 GMT !
The other advantage of the Gann Activator...
Wow!!! you should write an ebook on this system when you have finished tweaking it, a simple ebook would be enough (if possible ). To have some of your experience and wisdom will help a noob like me a lot.

Got another 32pips just now, thanx everybody.
http://img518.imageshack.us/img518/1965/eu32fs0.jpg
  • #824
  • Dec 18, 2008 12:34am Dec 18, 2008 12:34am
hi
here is a screen taken a few minutes ago

and ;
john please , can you precise how works doubleCCI+SMA ? thanks

kinonen
Attached Image (click to enlarge)
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  • #825
  • Dec 18, 2008 2:09am Dec 18, 2008 2:09am
A hope you guys catch that run to on E/J....made 280+

Crazy run

Cheers
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  • #826
  • Dec 18, 2008 2:11am Dec 18, 2008 2:11am
Quoting wear
Wow!!! you should write an ebook on this system when you have finished tweaking it, a simple ebook would be enough (if possible ). To have some of your experience and wisdom will help a noob like me a lot.

Got another 32pips just now, thanx everybody.
Well that's not what I am going to do...... However I have another small surprise ( because of Christmas ? ) you may have look at it during the weekend or whatever time suits you.

This template favors the use of HAMA.....looks a bit like Heiken Ashi, but this one is more clever for it points directly to favorable entry points and moreover provides guidance (support / resistance) while your trade is on its way......

In this template the advantage of TF5 and TF15 Ganns has been replaced by a combination of two Ganns (TF is set to 0 ) that do give the same impression though....... however you don't see the refreshing anymore (of the Ganns in the previous template)

So for those of you that prefer not to deal with repainting/refreshing issues of MTF indicators...... this template you may like better.

Once again I would like to draw your attenttion to what I call the Mediator MA. This T3-MA combines Gann 9x9 and the special number 40 used in many holy scriptures like the Bible and the Koran....... and seems for some unknown reason to be quite applicable in all trading charts... I use it in all my charts.

Have a nice weekend, John
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd m1 current.gif Size: 50 KB
Attached File(s)
File Type: mq4 HAMA.mq4   4 KB | 915 downloads
File Type: tpl ! fx-50 system-je2.tpl   10 KB | 880 downloads
  • #827
  • Dec 18, 2008 3:08am Dec 18, 2008 3:08am
Quoting John Edwards
Well that's not what I am going to do...... However I have another small surprise ( because of Christmas ? ) you may have look at it during the weekend or whatever time suits you.

This template favors the use of HAMA.....looks a bit like Heiken Ashi, but this one is more clever for it points directly to favorable entry points and moreover provides guidance (support / resistance) while your trade is on its way......

In this template the advantage of TF5 and TF15 Ganns has been replaced by a combination of two Ganns (TF is set to...
Thanks a lot Senior !
Attached Image (click to enlarge)
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  • #828
  • Dec 18, 2008 3:34am Dec 18, 2008 3:34am
Quoting John Edwards
Well that's not what I am going to do...... However I have another small surprise ( because of Christmas ? ) you may have look at it during the weekend or whatever time suits you.

This template favors the use of HAMA.....looks a bit like Heiken Ashi, but this one is more clever for it points directly to favorable entry points and moreover provides guidance (support / resistance) while your trade is on its way......

In this template the advantage of TF5 and TF15 Ganns has been replaced by a combination of two Ganns (TF is set to...

Hi Senior.....

Does your HAMA come with expiration date ?
  • #829
  • Dec 18, 2008 4:10am Dec 18, 2008 4:10am
Quoting Syahmi
Hi Senior.....

Does your HAMA come with expiration date ?
No it does not. First of all it's the .mq4 file...... I have modified it slightly..... therefore it won't show up the name of the developer anymore in the left side corner of the chart.

BTW The HAMA developer (FXCRUISER) is a genius and finally decided generously to give it free.....

If you start using HAMA for the first time..... than watch crossing moments of HAMA with price..... What does it tell you?

Good luck, John
  • #830
  • Dec 18, 2008 5:00am Dec 18, 2008 5:00am
Quoting John Edwards
No it does not. First of all it's the .mq4 file...... I have modified it slightly..... therefore it won't show up the name of the developer anymore in the left side corner of the chart.

BTW The HAMA developer (FXCRUISER) is a genius and finally decided generously to give it free.....

If you start using HAMA for the first time..... than watch crossing moments of HAMA with price..... What does it tell you?

Good luck, John
Hi...

I've used it before.... but unfortunately it has got the expiration date.... after a few weeks it got expired !!!

Thanks a lot with this indicator... I appreciate it.


P/S : BTW... Is it possible to have a pop-up alert on your favourite indicator CCI with SMA ?? Great with an alert....
Attached Image (click to enlarge)
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  • #831
  • Dec 18, 2008 5:46am Dec 18, 2008 5:46am
Wooo, People!
This thread has become so psychedelic it hurts the eyes. Lol.

If this has not already been done it may be an idea to take the main systems here and start new individual threads to prevent this from becoming even more of a lost thread.
Starting to see instead of just looking.
  • #832
  • Dec 18, 2008 5:58am Dec 18, 2008 5:58am
Quoting fxtrading24
The best way to learn how this breakout alert works is to install it and add it to your chart.
Here is an example of it on my chart.
I want to be alerted when price drops below where the pink line is on the chart. When price hits that level it will give me an audio alert saying support broken on US/Dollar. Then I know it broke that level.
Thanks for breakout alert indi fx24,

So this two lines work as normal S/R lines or fibo, or is there something special to look for when price break threw or bounce...?

Thanks 4 your work here.

Cheers
  • #833
  • Edited 6:27am Dec 18, 2008 6:10am | Edited 6:27am
Thanks John. I like your application of indy's that enhance this methods approach to trading.

The HAS indy seems to highlight more clearly market trend against the HAMA.

Question on the T3-MA and No Trade Zone.
I understand when T3-MA contacts Price that is no trade.

How far does Price Action need to be away from T3-MA, exit or approach, before a trade can be considered?
Does this apply to all time frames?

Thanks again for your considered input on this thread.
Cliff
I get exercise just pushing my luck
  • #834
  • Dec 18, 2008 6:19am Dec 18, 2008 6:19am
Rasta...too funny. They are very artful though.
The input though seems to be progressing toward a continuing system of profit.
Purhaps we could view the charts as, "One mans butterfly is another mans moth."
Thanks for your continued support.
Cliff


Quoting Rastaman
Wooo, People!
This thread has become so psychedelic it hurts the eyes. Lol.

If this has not already been done it may be an idea to take the main systems here and start new individual threads to prevent this from becoming even more of a lost thread.
I get exercise just pushing my luck
  • #835
  • Edited 6:49am Dec 18, 2008 6:34am | Edited 6:49am
Thnx Sir John..u make my day..i think mayB after this i can give zls a brake..

http://img33.picoodle.com/img/img33/...dm_2315df5.jpg
  • #836
  • Edited 6:37am Dec 18, 2008 6:36am | Edited 6:37am
fxtrading24,
Excellant addition. I'm able to put several charts on one page and have each monitored with this easy use indy. Too cool.
Thanks much.
Cliff

"I want to be alerted when price drops below where the pink line is on the chart. When price hits that level it will give me an audio alert saying support broken on US/Dollar. Then I know it broke that level."
I get exercise just pushing my luck
  • #837
  • Dec 18, 2008 6:38am Dec 18, 2008 6:38am
Quoting Rastaman
Wooo, People!
This thread has become so psychedelic it hurts the eyes. Lol.

If this has not already been done it may be an idea to take the main systems here and start new individual threads to prevent this from becoming even more of a lost thread.

Yes you have that right this thread is getting lost in all this other systems
So lets keep it FX-50 there is tto much clutter and confision for traders.
So if you have your own system start a new thread.
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #838
  • Dec 18, 2008 7:00am Dec 18, 2008 7:00am
I like it, and you should too!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 230 pip win.gif Size: 51 KB
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  • #839
  • Dec 18, 2008 7:03am Dec 18, 2008 7:03am
Hi all; I wish to post a pic of my chart for your input...when I save the active chart to a pic, what settings are best? The default is 800x600

Thanks
  • #840
  • Dec 18, 2008 7:19am Dec 18, 2008 7:19am
Quoting soeasy69
I like it, and you should too!
it's so nice & simple with my template !
kinonen
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