LOHAD Scalping system looking for V2.0

Way to go buddy! same here.... actually a little ahead (phew) .

Now let's go get our PIPS!!!!!

Lohad

confusing market right now

I think price will touch pivot M3 level 1.2927

Did it take some of your blood? Like a vampire sucking up your blood... Hey Lohad just popped in to say hi... I am looking at the M5 and it tells me to stay the hell out...

soeasy69

FRIDAYS!!!! Gotta love them. Weekend almost here. yeah!

Lohad

I got caught on the EUR Retail Sales news..... forgot about it..

Got me for -10, but I get it back plus a little more. Mostly on the sidelines right now. The pirahna's are out!

Good to here from ya man!

Lohad

Miss the last 28 pip ride due to my fear do you have any kind of remedy lohad?

Razor sharp teeth them fish... lol...

Hmmmm.

Good question. What is helping me is knowing better the strength that the BBMacd has. I would advise everyone to take a minute and watch that video of this indicator. I can't remember what page it is on, but I know it really opened my eyes to the potential of this indicator.

First thing, it is Friday. Friday after a pretty volital day. Market is choppy on all TF ATM. So as a scalper I am only taking the trades that I feel the most confidence in. Keeping an eye on PA and higher TF trend is what I have been using today to help keep my feet to the ground. And also, having faith in your system. Which I will be the first to admit, it has been hard to do with all of the tweaking I have been proposing.

Well..... I am going to do it to you again. I am posting my template that I have been trading on since yesterday. Nothing to different, but one that I made to just answer my own questions. My belief is, if you are going to be a scalper, and one like me where you trade on M1 TF, you better be 80% successful imho. This means that you need to have a system that:

a) is consistantly profitable
b) trader has confidence in it

Along with knowing the principles of PA and MM to manage your trade. Then when you see a signal, you take it. Plan your trade, trade your plan. However as scalpers you also have to be in tune mentally. If you are not "feeling it" then back away for awhile. Get to know the pair again and try to catch on the wave. Once you have this, you can confidently know what that particular pair is doing. Know I know this is information that you have read and there is nothing to new to learn from these statements. But I am stating this because I went through in inventory of what I am looking for in a system. As I said in Post #1. I am lookin for V2.0. Which means I have a system that has been good for me.... real good. But I am looking to improve on it. Just go take a look at the system I was using. It's rediculus. You know it and I knew it. That is why I wanted "V2.0". Thus all the changes. And I know it is hard to keep up in this thread. For that I apologize.

Now I am submitting to you what I feel is as scaled back version of a chart that I am comfortable with. What you want to do with it, is up to you. This is going to be my benchmark template and I will work on it from here to see if this can take us to the next level. I have been using this template on both M1 and M5. It it seems to work on both.

My chart consists of the following:

50 SMA
Bollinger Bands - Default
PSar .03 , .02
TriangulateMA - Default (7,0)
BBMacd 12,26,9
QQE - Default

I am posting a picture and the template. Basically I use the TriaMA as a "cutter" along with the other indictor triggers we have been working with, EXCEPT the PSar does NOT need to be outside of the BBands as long as you are keen on what PA and trend is doing.

I will put my own mental rules on this in 1 file with some of the other options we have been working on this week in a neatly packaged PDF or Word document this weekend. I will get it out as soon as possible, however it is son's birthday this weeked. so I will have to work around the festivities.

Also, does everyone have a smulator for practice over the weekend? If not let me know, I can hook ya up.

Please let me know what you think.

Thanks!

Lohad

Hi All,
I was still sawing logs when this set up. I saw that Lohad brought attention to this PA level in his post.
Thought I'd just throw out a chart study since I'm not trading on Fridays anyways.
Please don't view this as a shoulda-woulda-coulda hindsight sort of thing.
The MACD BB's do have a way of getting you into a trade that will minimize your risk along with PA analysis.
Now, had this setup failed, risk was only 15 pips.
Look at the LL's as the PA follows the lower BB down.
Each of those were a failed reversal areas.
Fairly easy to see PA momentum change when it moved toward
MA/center BB and then continue side ways down.
Enjoy the weekend. Finely getting a break in our weather here in the north.
Ciao! for now!

Cliff

Lohad,
I have found your quest to perfect your method refreshing.
Honest in your approach. I think apologies for changes are not necessary.
Discarding what doesn't work the way you want it to is the only way to build confidence in the method one trades with.
Thanks much.

Cliff

I'd appreciate that, Lohad. I could use the practice.
Thanks Much.

Cliff

"Also, does everyone have a smulator for practice over the weekend? If not let me know, I can hook ya up."

CCE,

This is what I have been using for a simulator. It has worked well for me. Let me know if you have any questions installing this.

I also heard VHands is a good one as well. It is posted on FF somewhere.

Lohad

CCE,

Thanks for the kind words. We will get there.

Lohad

CCE<

Thanks for posting this chart. It illustrates how import PA analysis is. It is part of getting to know where you are at in the wave of things!

Thanks,

Lohad

Thank you very much for this words. will you please post the qqe indicator i dont have it so my charts dont work

Piplover,

Attached is the QQE. Let me know if this doesn't work.

Go into the indi properties, on the colors tab and change the bottom color from black to a color you can see..... if you use a black background on your charts.

Thanks for your input on this thread!

Lohad

Ok Gang, I am out for awhile. I will be here for another 1/2 hour or so. If you have any questions please let me know. I will try to answer before I leave.

I will try to be back for a possible afternoon move. Can usually happen about 2 hours before close today.

Will post weekly update tonight and I will work on my documents as well.

Peace out!

Lohad

hi lohad
can u show us ur modified system that u mentioned in this thread two page ago?
cheers

Hi Hoichoi,
Lohad is out for awhile. Check out his post #269 above. It should be what your looking for.
Hope this helps out.

Cliff