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JungleLion Scalper

  • #41
  • Jan 29, 2009 9:42am Jan 29, 2009 9:42am
Quoting Siuol
I was unable to start trading this strategy last night, so I wil begin today when I get home at 5pm PST. I do have a quick question that hopefully JL or anybody who has experience with the system answer for me. I noticed that there is a pop up alert when a trend direction has changed (it appears when the arrow appears on the chart). Do we enter at that exactly moment (I believe I saw it appear before the xpma line changes color) or do we wait for the line to change color before entering?
No dont trade immediately when den Alert is popping up. U'll have to wait till StdDev Indicator shows Volatility going up. Otherwise stay out , because its a dead market.
  • #42
  • Jan 29, 2009 10:50am Jan 29, 2009 10:50am
Quoting tex
No dont trade immediately when den Alert is popping up. U'll have to wait till StdDev Indicator shows Volatility going up. Otherwise stay out , because its a dead market.
My understanding is to trade when the tsf crosses the xpma when the StdDev indicates volativity. Not necessarily to trade when the line changes color. Am I wrong about this?? Or do we wait for the cross and for the line to cahange color befor pulling the trigger?
  • #43
  • Jan 29, 2009 12:19pm Jan 29, 2009 12:19pm
I'm having a problem trying to figure out when StdDev will begin to move. I've yet to trade this strategy, so maybe that will change but I did watch the market and I can't figure out when the move begins. All I see is a line and then all of a sudden it jumps up. Is there a patter to look for that may warn of a possible increase in volatility?

Quoting tex
No dont trade immediately when den Alert is popping up. U'll have to wait till StdDev Indicator shows Volatility going up. Otherwise stay out , because its a dead market.
  • #44
  • Jan 29, 2009 1:27pm Jan 29, 2009 1:27pm
Hey Lion how are you mate? Listen can you fix the indicator Anchorfx_MRatio so that it wont delete all other indicators on chart...i wipes out all lines, fibs when I refresh etc...

thanks much-keep up great work

Eegle
  • #45
  • Jan 29, 2009 6:52pm Jan 29, 2009 6:52pm
Quoting Siuol
I'm having a problem trying to figure out when StdDev will begin to move. I've yet to trade this strategy, so maybe that will change but I did watch the market and I can't figure out when the move begins. All I see is a line and then all of a sudden it jumps up. Is there a patter to look for that may warn of a possible increase in volatility?
use lower timeframe as a reference to correct this issue.

Quoting eegle
Hey Lion how are you mate? Listen can you fix the indicator Anchorfx_MRatio so that it wont delete all other indicators on chart...i wipes out all lines, fibs when I refresh etc...

thanks much-keep up great work

Eegle
can't do that, otherwise it will leave many unwanted lines on the chart.
  • #46
  • Jan 29, 2009 8:15pm Jan 29, 2009 8:15pm
I sure can't wait until I get to that point. I just set everything up and I'm now waiting for my very first trade using this system.

Quoting junglelion
I love greens

.
  • #47
  • Edited 9:35pm Jan 29, 2009 9:18pm | Edited 9:35pm
Quoting tex
hello rastaman,

i like that indicator, what parameters do you use for 1h and 1min timeframe ?

@ JL
made 124 pips today so far in 1M timeframe with your System - > nice & thank you for sharing
You don't need to change anything for any TF.
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Starting to see instead of just looking.
  • #48
  • Jan 30, 2009 12:54am Jan 30, 2009 12:54am
This BBflat indicator is a little more intuitive.
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Starting to see instead of just looking.
  • #49
  • Jan 30, 2009 1:52am Jan 30, 2009 1:52am
The Chart

And the Force Indicator

Tells you what is happening on what time frame

I made things easy for you guys.
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  • #50
  • Jan 30, 2009 4:26am Jan 30, 2009 4:26am
Quoting junglelion
The Chart

And the Force Indicator

Tells you what is happening on what time frame

I made things easy for you guys.
JL, I find that your method is very useful

Could you explain what's the number means (0.23 , -32.32,,,,, and how we apply it to get in our trade?

thanks
Vedanta - The End Of Knowledge. ~ J. Krishnamurti ~
  • #51
  • Jan 30, 2009 5:03am Jan 30, 2009 5:03am
Quoting Aloen
JL, I find that your method is very useful

Could you explain what's the number means (0.23 , -32.32,,,,, and how we apply it to get in our trade?

thanks
you just need to know if they are above 0 or below 0

positive means buying power and negative means selling power.

so all in all it tells me what is happening on which time frame.
  • #52
  • Jan 30, 2009 5:05am Jan 30, 2009 5:05am
eurusd should complete the down trend at 1.2765, lets see how it goes.
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  • #53
  • Jan 30, 2009 5:26am Jan 30, 2009 5:26am
H, you said that you are managing accounts, could I see your performance and provide me more information about your services. Thenks, best regards
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  • #54
  • Jan 30, 2009 5:47am Jan 30, 2009 5:47am
its a great indicator Jl but it trashes any Fibo pivots or candle clocks.
I know this is not an issue with this system just thought you may want to know.
Starting to see instead of just looking.
  • #55
  • Jan 30, 2009 7:15am Jan 30, 2009 7:15am
Quoting junglelion
eurusd should complete the down trend at 1.2765, lets see how it goes.
JL, that trade went against you later, how did you managet it, BE ??
  • #56
  • Edited 8:48am Jan 30, 2009 8:28am | Edited 8:48am
Quoting gasgas
JL, that trade went against you later, how did you managet it, BE ??

well my GJ trades had a trailing sl, so that was safe, the eu trade i closed at 2790, so now i am free for the weekend.
  • #57
  • Jan 30, 2009 9:07am Jan 30, 2009 9:07am
Quoting junglelion
well my GJ trades had a trailing sl, so that was safe, the eu trade i closed at 2790, so now i am free for the weekend.
Very nice
I would be wetting my pants with 85pips drawndown

4h and daily is trending nice down, so I see why you left trade open...
  • #58
  • Jan 30, 2009 10:27am Jan 30, 2009 10:27am
First of all letting DD go that far is not sound trading, set your SL at 30 and if they trade goes against you, simply take the loss and move on.

There are strategies anyhow in MM with which you can walk away in profit even after you reached a DD100.

Newbies tend to jump to fast on the train without even knowing which train it is and where it is heading.

babypips.com (http://www.forexfactory.com/babypips.com) should be read 3x and then most of the questions are already answered.

Trading Forex is not a game, it is a profession!
Treat it like one. Get the education and invest in the tools.
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  • #59
  • Jan 30, 2009 12:38pm Jan 30, 2009 12:38pm
Quoting Freddyfx
First of all letting DD go that far is not sound trading, set your SL at 30 and if they trade goes against you, simply take the loss and move on.

There are strategies anyhow in MM with which you can walk away in profit even after you reached a DD100.

Newbies tend to jump to fast on the train without even knowing which train it is and where it is heading.

babypips.com (http://www.forexfactory.com/babypips.com) should be read 3x and then most of the questions are already answered.

Trading Forex is not a game, it is a profession!
Treat...
Very nice Pic, are you using this method with any success rate?!
  • #60
  • Jan 30, 2009 4:53pm Jan 30, 2009 4:53pm
Very nice setup FX. Is that one monitor for each indicator? LoL

I once had a trade go against me for 150 pips as I had forgotten to set the SL, I was freaking out and cursing like a madman.
Then I remembered the trick I had read about letting it go to its max Loss then putting in an order in the same direction as the first trade.
I came out of that trade with a 50 pip gain. Thought it was rubbish but, at that stage I was willing to try anything.

Not that I am recommending this method but in a genuine emergency, it works. The market will pick you up again at some stage.
Starting to see instead of just looking.
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