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LOHAD Scalping system looking for V2.0

  • #301
  • Mar 14, 2009 10:35am Mar 14, 2009 10:35am
Quoting lohad
I am actually going to look today. The person that got me into Forex has a real nice, BIG monitor and it works really nice. I do have another monitor that I have that I am thinking about using in tandem. Not sure what I am going to do, use two monitors, or one bigger one.

Ok, 1 vote Skype.

Speak now or forever hold your peace!

Thanks buddy!

Lohad
Trust me you need LCD screens bro... if you use one of those old buggers that sink radiation into your eyes for sure you need a new LCD bro scalping is all about screen starring... don't think about it just do it!!!

Yupp Skye all the way dudes... and dudets... hehehe...
  • #302
  • Mar 14, 2009 10:39am Mar 14, 2009 10:39am
Quoting soeasy69
Trust me you need LCD screens bro... if you use one of those old buggers that sink radiation into your eyes for sure you need a new LCD bro scalping is all about screen starring... don't think about it just do it!!!

Yupp Skye all the way dudes... and dudets... hehehe...
Yup the other screen I have is LCD. I just got it not too long ago. Why I haven't set it up, I do not know. Should do it today. So do you suggest 2 screens or 1 big mother?

Ok 2 votes Skype.

Do I hear 3 can I get a 3..... Hey no fair Soeasy voted twice. Voter fraud?.....

Lohad
  • #303
  • Mar 14, 2009 10:40am Mar 14, 2009 10:40am
Hey soeasy.

Doing the taste test today. Molsen..... is this a good beer for my international taste test? or Moosehead????

Got the blindfold ready.

Lohad
  • #304
  • Mar 14, 2009 10:44am Mar 14, 2009 10:44am
Quoting lohad
Yup the other screen I have is LCD. I just got it not too long ago. Why I haven't set it up, I do not know. Should do it today. So do you suggest 2 screens or 1 big mother?

Ok 2 votes Skype.

Do I hear 3 can I get a 3..... Hey no fair Soeasy voted twice. Voter fraud?.....

Lohad
This way you can waych 2 time frames in a big way to determine the actual trend and this is how you don't trade against the trend... on the M1 there is so many ups and downs and it's very easy to be selling the sucker when it's moving up when you should only be buying... you get my drift I am sure...

Ok go get the Vote Fraud Police after me... I am so scarred I am shaking in my boots... lol...


soeasy69
  • #305
  • Mar 14, 2009 10:48am Mar 14, 2009 10:48am
Quoting lohad
Hey soeasy.

Doing the taste test today. Molsen..... is this a good beer for my international taste test? or Moosehead????

Got the blindfold ready.

Lohad
LOL... Molsen is better to try... yupp like wine first smell them then taste them... you'll see that the USA is better... I drank 6 Old Mill last night boy they tatsed good right out of the freezer... I like em cold almost frozen...

soeasy69

Old Mill from Wisconsin... they filter out the fishy skunky smells of lake water in Canada they don't this is why I said they smell and taste BAD!!!
  • #306
  • Mar 14, 2009 10:51am Mar 14, 2009 10:51am
lohad how this system performs in slow market condition? jealous to all of you who enjoying great beer in my state its banned
  • #307
  • Mar 14, 2009 11:00am Mar 14, 2009 11:00am
Quoting piplover143
lohad how this system performs in slow market condition?
Piplover,

I have been known to trade this system in a slow market. Actually one of my favorite times to trade is when it seems like the market is in a small channel. I am talkin even like a 20-25 pip channel. Sometimes these can get predictable. I do trade this on a M1 chart. but I will do a 5 TP, with a small risk, it does break rules though, RR can be 1:1 which I know is not right, once I get behind in pip win/loss I will quit to wait for the market to get it's act together. but if I come out +15 in the scenario, cool. It is 15 I wouldn't have had before. I wouldn't suggest doing this, it is just one of the things I do. I know your paying spread but I am willing to try it.

Lohad.
  • #308
  • Mar 14, 2009 11:02am Mar 14, 2009 11:02am
Quoting piplover143
lohad how this system performs in slow market condition? jealous to all of you who enjoying great beer in my state its banned
NO BEER! Oh I am so sorry dude. I like having a few and then me and my partner can solve all of the PIPworld problems. I am really good at becoming what I call a weekend millionaire.

Lohad
  • #309
  • Mar 14, 2009 11:03am Mar 14, 2009 11:03am
DO you know how many holy grails I have found after a few beers! Then the 4x hangover comes.
  • #310
  • Mar 14, 2009 11:55am Mar 14, 2009 11:55am
one of the problems i face when trading with this system is data speed i am trading with oanda & i have fxdd metatader. oanda data speed is fast & fxdd data speed is somewhat slow so when market moving fast i will not get executed the price i will see in my fxdd. market is already moving 3 or 4 pips sometimes more. so any solution?
  • #311
  • Mar 14, 2009 12:25pm Mar 14, 2009 12:25pm
I agree...Skype is the way to go.

Cliff
I get exercise just pushing my luck
  • #312
  • Mar 14, 2009 6:55pm Mar 14, 2009 6:55pm
Hi Lohad,

just jumping in and wanted to say thank you for this great system...:-)
7 trades so far (2 days), 6 of them in green...

Keep up the excellent work... and happy birthday to your son....:-)
  • #313
  • Mar 14, 2009 7:25pm Mar 14, 2009 7:25pm
Quoting piplover143
one of the problems i face when trading with this system is data speed i am trading with oanda & i have fxdd metatader. oanda data speed is fast & fxdd data speed is somewhat slow so when market moving fast i will not get executed the price i will see in my fxdd. market is already moving 3 or 4 pips sometimes more. so any solution?

Piplover,

I am not sure. I have never used oanada. Maybe if you were to use this on a higher TF (M5)? But you bring up a good point. Anyone have a solution for our buddy Piplover?!?!?!

Lohad
  • #314
  • Mar 14, 2009 7:26pm Mar 14, 2009 7:26pm
Quoting cce
I agree...Skype is the way to go.

Cliff
Skype is running away with it!

Thanks CCE!

Lohad
  • #315
  • Mar 14, 2009 7:31pm Mar 14, 2009 7:31pm
Quoting uafx
Hi Lohad,

just jumping in and wanted to say thank you for this great system...:-)
7 trades so far (2 days), 6 of them in green...

Keep up the excellent work... and happy birthday to your son....:-)

Hey UAFX!! Welcome to the party!

I am glad you are having good success with our system here. Can you tell us how you are using this system?

TF?
Chart Setup?

Are you throwing in any new twists that seem to help you? Thanks for jumping in man. I look forward to working with you!

Thanks for your interest!

Lohad
  • #316
  • Mar 14, 2009 8:04pm Mar 14, 2009 8:04pm
Is skype chat room already online ?
Where is it ?

pjo
  • #317
  • Mar 14, 2009 8:35pm Mar 14, 2009 8:35pm
Quoting lohad
Hey UAFX!! Welcome to the party!

I am glad you are having good success with our system here. Can you tell us how you are using this system?

TF?
Chart Setup?

Are you throwing in any new twists that seem to help you? Thanks for jumping in man. I look forward to working with you!

Thanks for your interest!

Lohad

I just trying it on M5 timeframe, mostly EURUSD, some GBPUSD. Trying to be familiar with the system... next week maybe other pairs too... love that BB MACD indi...:-)

Have a daytime job, so my daily time is limited for this, mostly in the nights can I spend more time with the charts... European time (GMT+1) I mean...
  • #318
  • Mar 14, 2009 10:53pm Mar 14, 2009 10:53pm
Wow, Lohad!

Cant wait for the chatroom to get started.

You have my vote for Skype as well.

Looks as if you have a great system happening here with more and more people becoming involved which is what you are after I'm sure.

Those 300 odd pips you are pulling every week must be making you heaps of money! Are you wagering a full contract on each trade?

I have only just loaded your template and haven't really traded it yet but will do so next week.

I did scalp for a fair while up until six months ago but followed a system that basically didn't work. lol.

I'm sure this time will be very different and have a great outcome for all.

Look forward to joining you on this ex cellent adventure!

Cheers,

Dean
  • #319
  • Mar 14, 2009 11:25pm Mar 14, 2009 11:25pm
Well Skype it is. I will be setting up a chat room for our system. It will be on skype.

Once I figure out how to do this. Any skype pros, if you can point me in the right direction, I would greatly appreciate it.

Hoichoi, Thank you for taking the initiative in setting up the chat room on mirc, your efforts are not ignored. But it does seem people are more comfortable with Skype. If you know how to do this, your input would be greatly appreciated.

Thanks,

Lohad
  • #320
  • Mar 15, 2009 12:22am Mar 15, 2009 12:22am
Quoting deang001
Wow, Lohad!

Cant wait for the chatroom to get started.

You have my vote for Skype as well.

Looks as if you have a great system happening here with more and more people becoming involved which is what you are after I'm sure.

Those 300 odd pips you are pulling every week must be making you heaps of money! Are you wagering a full contract on each trade?

I have only just loaded your template and haven't really traded it yet but will do so next week.

I did scalp for a fair while up until six months ago but followed a system that basically...
Hey Dean,

Thanks for stopping bye!

I am in the process in figuring out how to do a chat room in Skype. I hope you join the conversation.

And yes I feel the system we have is good, and I am pleased that we are starting to get more people involved. I will be the first to say that this system is not perfect. But I will put our success rate against any other scalping system anyday.

Dean, I am not trading full contracts. 2 months ago, I got caught in an over leveraged, under-capitalised situation with the Martingale system in the most topsy turvey market that I have seen. I took a big hit. Nothing against the Martingale system. I think there is money to be made there. But I got killed on it.

SO I got back to my roots.... scalping, and now I have been on the recovery plan and I got it back. I went back to what I know.

I no longer care about the 200 pip moves. My goal is 150 pips a week. It puts less pressure on me. Once I learned that you are not going to get rich in an afternoon, it made things at ease for me. Trading has become fun for me again.

What it all boils down to is this. If you are aware of PA, S/R and Trend you can make money. But the Holy Grail, do you want to know what it is? Do you really want to know? It is three things....

System = Something you are comfortable an confident with.
Money Management = Live to fight another day and long term plan
Emotions = You can't have any.

Every system will fail (including this one). But accept it, move on and get the next one. When the dust settles and you are on the plus side... it is a good day. Never never revenge trade. It will kill you. Plan your trade, trade your plan. Scalping requires full trust and confidence.

I am ranting. Sorry about that.

But hey this system may have my name on it, but it is OUR system. I am looking for you help making this a kick butt system. There has already been multiple people in here that has made us money. And I just hope this grows.

And I know there are some lurkers who visit our thread here and they have a new twist to make this even better. And I hope they drop in and give their input. And I know there are people that think this system is bunk. And I hope they drop in and express their critism. I am looking for holes in this system. Because only when the weakness is exposed, you will be able to fix it.

Thanks for the time.

Lohad
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