The high way of scalping

So far no strategy to follow & planning one test one this week.
Pair only eurusd.
buy:

1.Yellow cross redline up till bule line also in alligator indicator , stoch confirm cross up,confirm mommentum & QQE to catch the rsi line ( which should be at the upper level)

tp:minimum 10 pips each trade till next opposit singal or stoch crossed down
sl:15 pips
Sell:
Just opposit

exclusively will use 15m tf but may fine tune from m1 tf & if not against H1 .Avoid flat market as indication from alligator lines not enough wide open.

Now will use QQE mtf , any cross 50 line will strengthen trades when possible and also any of stoch,QQE,momentum,rsi bounce fron 10,90 levels also do the same.

Trades open by activating ea's ,buy ea & sell ea with money magnet action on but will ensure less lot sizes and managed by swiss_army ea .
Note : to look after news times ,opening trading sessions & overlappings.
fontu

Though very busy today in the office yet take few trades , shorts in eu at 1.2673, 1.2642,1.2635 all positive & one short at 1.2626 active .another new open 1.2626 to see what happen .QQE crossed down in h1 &m5

only one long lost due to very less sl ( 15) at that time at 1.2651.

fontu

all shorts positive & setting still intact but no more as time to close office .QQE cross in h1 should have more effects.

fontu

The short set up still intact though little risky with small sl take one at 1.2586 as H4 qqe about to cross 50 down.only 18 minutes to close h4,h1,m30 bar.

fontu


positive & taken more at 1.2561 to contunue

Did not played much last 2 days , now I see perhaps good short set in eu as though there doubts it may back towards 1.2848 level. any doubt will close near 1.2750 and wait for full set up ,blue line also crossed up in m15 tf.
shorts working well from 1.2786

fontu

I see double tops and pa now retesting 1.2748 level & if cross down enough I will take good short after it .Otherwise look for long when cross up 1.2772 .Waiting .

also doing live same set up in another ac .
long taken 1.2770, tp 1.2842,sl 1.2742

7asha not a single comment on your journal, i didnt go through it. But i can see everything is documented in detail. Good job, btw i live in muscat...i dont contribute much to FF but i typed in Oman and u came up so i thought I would say hi. ^_^

Sorry not posting for long time ,I was so frustrated with my computer crushed few times & also good repeated loss in the live ac & so not updated this journal.

Welcome split unit here , hope I will again update here from next week.

fontu

Please explain your different chart setups.

Perhaps I changed my set up by this time & may follow new this week & if back to the previous ones will explain as per.
Thanks ,
fontu

Hi fontu why dont you try ecn broker or dukascopy . Nice to see you back .

Thanks for the advice , yes I am thinking seriously that option . By this time I plan trading method using only support-resistant & PA action with supported channels , trends & various patterns it may form.

Just start demoing it for short scalping now ,multiple trades at a time observing continuosly pa action.

135111742009.05.05 19:45sell6.00eurusd1.33601.33891.33352009.05.05 20:201.33380.000.000.001 320.00
135111842009.05.05 19:46sell6.00eurusd1.33621.33891.33402009.05.05 20:191.33400.000.000.001 320.00
135111982009.05.05 19:46sell6.00eurusd1.33621.33891.33352009.05.05 20:201.33390.000.000.001 380.00
135111952009.05.05 19:46sell6.00eurusd1.33631.33891.33392009.05.05 20:191.33390.000.000.001 440.00

Another set of longs open just over H1 ,H4 support & also bottom of the channel in m15 tf sl below M5 support 1.3319 tp 1.3380 , hope this work, scalping many times very risky specially in lower tf below h1 & if not under supervision.pic below

fontu

Just sacrifice the 2nd long as though it movede positive most of the time & most indicators in lower tf supports yet qqe in H1 crossed down & it suddenly get hit the sl .ofcourse i let it go without taking while positive .

Another good shorts underway if price goes below & stay below of daily resistant level 1.3300, tested already for the frst time since yesterday evening here .This also not supported by channel below H4 but possible in H4 tf & above & also supported by SR. and this is very cretical level.wait ing .or can go back for song long if gone above H1,H4 support again & go through the channels in lower tfs ,problem remains in this case as qqe still crossed down in H1.

fontu

good job bro keep it up

Thanks .
just open the charts to see what to do today .The overall probable picture in daily chart is UP till 1.4750 but have more room to down movement till daily support /bottom of the up channel at 1.2964 . Price below the H4 but just above H1, M5 support lines and below the daily resistant 1.3301 ,price hovering arround since 29/04. and if suppose price bound to daily SR most of the time then near term down movement fit best. QQE H4& H1 cross down 50 also support this down.

so short with tp 1.2964 may be in reality and at the same daily chart also show up trend in long term ,so after any possible down movement will activate bulls to run to one step up.

In H1 & M30 charts also show price at the very bottom & some retracemnt should be expected too to about 1.3356 any time & they may accomplish first.

So initially a sideway movement before it take any direction UP or down.
fontu

longs taken against QQE & daily resistant at 1.3272 ( little late taking ) tp 1.3350 & sl 1.3209 below H1 & m5 support

Long doing well 23 pips in profit now ,price approaching daily resistant & should one/two kick down now .kept open.

Went out for an hr & so closed with 49/50 pips and again now do for some more longs at 1.3312 for short time before close for this session.
135442122009.05.06 08:35buy5.00eurusd1.32721.32901.33502009.05.06 12:091.33200.000.000.002 400.00
135442272009.05.06 08:35buy5.00eurusd1.32721.32901.33502009.05.06 12:091.33200.000.000.002 400.00
135441952009.05.06 08:35buy5.00eurusd1.32721.32901.33502009.05.06 12:091.33210.000.000.002 450.00
135442012009.05.06 08:35buy5.00eurusd1.32711.32901.33502009.05.06 12:091.33210.000.000.002 500.00

next long TP 1.3334
135559052009.05.06 12:59buy5.00eurusd1.33180.00001.33222009.05.06 13:281.33220.000.000.00200.00
5559512009.05.06 12:59buy5.00eurusd1.33230.00001.33342009.05.06 15:151.33340.000.000.00550.00
135559642009.05.06 12:59buy5.00eurusd1.33230.00001.33342009.05.06 15:151.33340.000.000.00550.00
135559842009.05.06 12:59buy5.00eurusd1.33190.00001.33342009.05.06 15:151.33340.000.000.00750.00
135560702009.05.06 12:59buy8.00eurusd1.33120.00001.33342009.05.06 15:151.33340.000.000.001 760.00

I dont follow your system but i have respect for your work...I am happy to know that some1 in this part of the world is doing well...Good luck...and ill keep an eye or your work.

Is ur last name is AL-Balushi Fontu ?

Thanks for the comment, no my full name is Mohd. shamirul islam . I work here but actually from Bangladesh . trading forex is my addiction & at the same time time pass while doing my job.

Its ok , not to follow any ones system & me too not following any one exactly but to try learn what others doing and still no perfect plan for my own way , most flexible way to follow the pa in respect of mostly support & resistants.

Last 2 days not post my results as most of the time I way away for conferences but did very good when came back & have time .specially yesterday every trade I place was most accurate usually in any crazy friday should not and my target 1.3600 was achieved.Placed charts in eurusd interactive thread.