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FX-50 Great Scalping System

  • #1,401
  • Feb 5, 2009 9:32am Feb 5, 2009 9:32am
That sounds good and I'm happy for you.
What I noticed is that 2hr before London opens, you can snatch some good movements. Also, between 6am and 9am EST there are also some good movements. For me personally, after 8am EST I only take extremely short profits because of the fast up and down movements in the market.
So far the only day for some reason is Tuesdays where the market has the whole day a nice up and down movement. Last Tuesday I made roughly 100pips. All the other days are some kind of pain in the butt days.
But that is just me personally.

D.
  • #1,402
  • Feb 5, 2009 10:34am Feb 5, 2009 10:34am
Yep, noticed the same too. Seems the best time is between 3A-5A Pacific, the you can pick off some small ones until about 8A Pacific. I'll have to give that pre-London (10P-12A Pacific) a little more attention. It also seems like Tuesday-Thurs and the the middle weeks of each month have more action.

Dion
  • #1,403
  • Feb 5, 2009 10:41am Feb 5, 2009 10:41am
Quoting DirkH143
OOhhh snap, that is a whole lot to read.
Thanks for the quick responds.
How are you guys doing right now with trading anyway?
You are right, the best times are from 6 - 8 am US eastern times. My daily target is 50, I grabbed 60 pips this morning and quit for the day.

I simplified my chart. I use the LaGuerre filter just to know where the market is going. I am still using the fibo lines and the HAS lines. The cci bars ind Kino made just for an easy visual and always use the cci 24 and 30 sma crossing as my entry. I attached my chart and most of the indicators just if you guys want to try it.
Attached Image (click to enlarge)
Click to Enlarge Name: 0205euchart.gif Size: 41 KB
Attached File(s)
File Type: tpl 1 min fxprime 79 24.tpl   12 KB | 703 downloads
File Type: mq4 CCIFilter79.mq4   6 KB | 740 downloads
File Type: mq4 DoubleWoody 79 24 - 2 SMA.mq4   8 KB | 739 downloads
File Type: mq4 Heiken_Ashi_Smoothed_Alert_Lines.mq4   5 KB | 666 downloads
File Type: mq4 LaguerreFilter.mq4   3 KB | 710 downloads
File Type: mq4 #SpudFibo.mq4   8 KB | 592 downloads
  • #1,404
  • Feb 5, 2009 11:58am Feb 5, 2009 11:58am
Quoting Artifiz
You are right, the best times are from 6 - 8 am US eastern times. My daily target is 50, I grabbed 60 pips this morning and quit for the day.

I simplified my chart. I use the LaGuerre filter just to know where the market is going. I am still using the fibo lines and the HAS lines. The cci bars ind Kino made just for an easy visual and always use the cci 24 and 30 sma crossing as my entry. I attached my chart and most of the indicators just if you guys want to try it.

Looks very interesting. I'm right now not on my home computer (University comp., need to put some meat on my bread someday). When I get home later on, I'll post some screen shots of mine and how I use my trading. I personally do not use fibo lines, irritates the crap out of me.
(The only thing is that I do not wanna flud this thread with to many indies. The more indies you put in the more questions you get and the more you have to explain. Right?) I don't mean that in a bad way.

One question that I have is: In your DoubleWoodyCCI, what do you use in your SMA line? 21 or 30?

D.
  • #1,405
  • Feb 5, 2009 12:09pm Feb 5, 2009 12:09pm
I use a 30 SMA. I tried 21 SMA, but I found the best trades come in this setting.

You are right abt the fibo lines, they are like stop signs in a nice open street. You find one just when you are about to speed up, but I always want to know why the hell it reversed or got stopped out!!!
  • #1,406
  • Feb 5, 2009 12:23pm Feb 5, 2009 12:23pm
Quoting Artifiz
I use a 30 SMA. I tried 21 SMA, but I found the best trades come in this setting.

You are right abt the fibo lines, they are like stop signs in a nice open street. You find one just when you are about to speed up, but I always want to know why the hell it reversed or got stopped out!!!
You see, the SMA line, I use 21 and I use them as partial direction of where the trend goes and if everything checks out, I enter. But let me better explain when I post my stuff.

D.
  • #1,407
  • Feb 5, 2009 1:27pm Feb 5, 2009 1:27pm
Hi all, I was just curious. I wanted to know if there are any alerts that are geared towards the Double CCI and the Bollinger Stoch histogram. I am testing out trading only when the CCI is only above a certain level in conjuction with the bollinger squeeze. Would like an alert that would be customizable so that I know that a trade is imminent. while searching the attachments, I noticed that there is a Double CCI alert but was just curious if there was one alert for both indicators. I guess I can start off with the Double CCI alert that will provide me with a heads up at the very least. thanks and take care guys.
  • #1,408
  • Feb 5, 2009 6:18pm Feb 5, 2009 6:18pm
Hey Artifiz,

Like promised. Here are some pics of how mine look like.
Pic 1 shows my regular trading template. But I also posted the template pic (Pic 2) without some indicators to better make my case.
I still use the basic trading method of entering when 89/24 crosses up or down and or RSI below or above 55/45. It just has proven extremely good to me. What I did was putting 24 and 34 in one indicator as you can see as yellow and blue line. The black line is the 21 SMA and what I find very interesting is that when that line moves up, or is about to move up, or for that matter down, there is something happening. You have to enlarge it to really see it.
Another interesting aspect is that putting an 8,3,3 stoch in the RSI(QQE) indi, I realized that the Stoch is moving slidly up or down. When it is near the 55 line, the currency goes up and near the 45 line it goes down.
Check it out and let me know what you think.


(Oohhh, And by the way guys, I will not post any indicators from pic 1, so please don't ask me. It will simply not happen.)
I don't wanna be rude or something but all those are posted already all over the thread.

Alright e` then.

D.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 161 KB
Click to Enlarge Name: Capture2.JPG Size: 180 KB
  • #1,409
  • Feb 5, 2009 10:28pm Feb 5, 2009 10:28pm
On chart 1, I honestly don't think we need that many of indicators. IMHO, It's really good to have all that visual support and confirmation, but it all comes down to what's the CCI is telling us. I bet all those indicators on chart 1 only support what's happening on your CCI.
I like your idea of the QQE(RSI) over the stochastic. I also used to trust the RSI 8 55/45 Levels settings, however I saw it many times work its way up to 60 level then head down to 40 in just two candles after my entry. Perhaps I wasn't that fast on my entry, lol.

One thing for sure is that I would not enter if the 79 CCI hasn't reached the 50 Level. The 100 level is a good indication of a strong trend, but nowadays I saw it many times reach 100 and immediately take a reversal. And of course price action always plays a key factor. I strongly think we can use the Double CCI with a SMA (either 21 or 30) as a stand alone indicator. After all, every indicator is lagging and what we see on our charts has already happened even in the 1 minute tf. We just need to catch the wave in its early stagefor a small profit as a true scalper.
  • #1,410
  • Feb 6, 2009 1:28am Feb 6, 2009 1:28am
Quoting Artifiz
On chart 1, I honestly don't think we need that many of indicators. IMHO, It's really good to have all that visual support and confirmation, but it all comes down to what's the CCI is telling us. I bet all those indicators on chart 1 only support what's happening on your CCI.
I like your idea of the QQE(RSI) over the stochastic. I also used to trust the RSI 8 55/45 Levels settings, however I saw it many times work its way up to 60 level then head down to 40 in just two candles after my entry. Perhaps I wasn't that fast on my entry, lol.

One thing...
Hello,
what is your exit rules?
  • #1,411
  • Feb 6, 2009 2:34am Feb 6, 2009 2:34am
artifiz thank you for the clear chart you have posted, i understand your entry criteria but i don't know your exit criteria , is it a fixed number of pips (like 30 for example) or do you exit on an indicator signal? thank you in advance for your answer.
  • #1,412
  • Feb 6, 2009 7:48am Feb 6, 2009 7:48am
Quoting carlito
artifiz thank you for the clear chart you have posted, i understand your entry criteria but i don't know your exit criteria , is it a fixed number of pips (like 30 for example) or do you exit on an indicator signal? thank you in advance for your answer.
I would usually exit before the trend reaches the next fibonacci level. No fixed profit, but I know at this moment I would not go for more than a 30 pips profit gain. I usually take a 7-10 pips profit, but I would go for a 20-30 pips profit only if the trend shows strenght and there is good price action. No guessing guys. My stops are usually 15 pips plus whatever spread, but I am only trading the E/U and G/U at this moment. Other pairs like the G/J or E/J might require a higher stop loss.
  • #1,413
  • Feb 8, 2009 12:27pm Feb 8, 2009 12:27pm
Hi Kino,

Do you have any version of your indicator, "kino_2CCI_V5" that comes with alert? Only a sound when the color change to red or green.

Appreciate if you can provide it here, it will help me a lot. Maybe others too!

Thanks & Best Regards.
QUITTERS never WIN! WINNERS never QUIT!
  • #1,414
  • Feb 9, 2009 7:11am Feb 9, 2009 7:11am
Quoting kinonen
here screen with exemple n°3
CCI89 is still (<0) & cci 21 who was >0 becomes now <0
kino
Hi Kino can you tall me where to find the probability indicator on your image
Thanks
  • #1,415
  • Feb 9, 2009 7:18am Feb 9, 2009 7:18am
Quoting samsamsam
Hi Kino can you tall me where to find the probability indicator on your image
Thanks
sorry i promise to not share this one
don't be worry it's not good
kino
  • #1,416
  • Feb 9, 2009 7:34am Feb 9, 2009 7:34am
Quoting peepips
Hi Kino,

Do you have any version of your indicator, "kino_2CCI_V5" that comes with alert? Only a sound when the color change to red or green.

Appreciate if you can provide it here, it will help me a lot. Maybe others too!

Thanks & Best Regards.
don't know if it'is this one
i forget each indicator when i code a new one LOL
kino
Attached File(s)
File Type: mq4 kino_2CCI_Cross_Alert.mq4   3 KB | 581 downloads
  • #1,417
  • Feb 9, 2009 7:43am Feb 9, 2009 7:43am
Hi Kino,

If you can find the time please have a look at my request in post #1392.

THX, John
  • #1,418
  • Feb 9, 2009 8:52am Feb 9, 2009 8:52am
Quoting kinonen
don't know if it'is this one
i forget each indicator when i code a new one LOL
kino
Yes, it is but could you mind to make the alert sounds only once or after few pips away. It sounds all the way until next candle. It is ok if in M1 chart but uncomfortable if it crosses in higher TF. Just imagine it sounds for 1 hour or more.

Anyway, thanks alot.
QUITTERS never WIN! WINNERS never QUIT!
  • #1,419
  • Feb 9, 2009 10:36am Feb 9, 2009 10:36am
Quoting peepips
Yes, it is but could you mind to make the alert sounds only once or after few pips away. It sounds all the way until next candle. It is ok if in M1 chart but uncomfortable if it crosses in higher TF. Just imagine it sounds for 1 hour or more.

Anyway, thanks alot.
send me yours because mine doesnt' sound at all and i 'll see what i can do ;
but , IMHO just use the kino cci rsi v5 it's my best one
while cci79 is >0 trade only long and vice versa

kino
  • #1,420
  • Feb 9, 2009 11:45am Feb 9, 2009 11:45am
Quoting John Edwards
Hi Kino,

If you can find the time please have a look at my request in post #1392.

THX, John

It is what you wanted ?
i have made it right now , with 2 EMA & 1 SMA
you can change settings
but ; lol I really don't undrestand why all of you want such indicators ?
you never tell me if your trading is better or no !
as i have tell you , kino CCI RSI v5 is the best
kino
Attached Image (click to enlarge)
Click to Enlarge Name: t3ribbon.gif Size: 46 KB
Attached File(s)
File Type: mq4 #kino_3MA_Ribbon.mq4   3 KB | 656 downloads
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