LOHAD Scalping system looking for V2.0

correct way is

/join #lohadscalping

typed in message area

Rob

hello fxdream,

do u have additionial informations about the bbmacd divergence addon ? - when it generates a signal and a green or red arrow pops up, i never see a divergence in the chart. i googled to get information but didnt find something regarding this.

thanks,
tex

Check in your indicators folder for the template - You will find the Divergence indicator in there. After you find it, click edit and you will be able to change the settings to display the lines.

I'm sorry I don't understand - This indicator automatically draws the trendlines. The indicator uses the red disks to calculate and draw the lines for you.

I guess what I meant to ask was what does this measure? is it based on moving averages? opening and closing prices? anyone know and can explain a little.
thanks

Hi Jiva,

TO be honest I had to do a little research on this indicator. I knew that this indicator measured strenghth. But I did not know enough about it.

This is what I found:

QQE: Quantitative Qualitative Estimation. This indicator seems to be comprised of using EMA's RSI and the ATR. SO it looks to be measuring strength of a move based on these three tools.

I wish i could give you a more educated answer. Maybe someone here knows enough to substantially answer this for you. Good question Jiva!

Thanks,

Lohad.

Ahhh then weekend is finally here!

I didn't get to trade too much Friday morning (EU/US sessions for me) due to the fact that I had meetings most of the day. But I was still able to rip 24 pips out in the AM.

I had a great time in the chat room with Rob24 and Piplover143. These guys are nailing this system! They have their own tweaks which is great! But we are all starting to see entries about the same time! so that tells me we are all on the same page.

I had a little too much fun and was playing DJ in the room dedicating tunes to the guys and I accidently kept Piplover out of a move. Sorry Pip!!. I will try not to do that in the future. Rob got the gold star while I was in there. I think he ws up 65 pips before I had to leave. With Piplover making a ferocious comeback. My point is guys, if you want to learn more about this system, there are people in the chat room that are capable of helping out. Their main focus is trading but they have been more then helpful to people having questions. So if I am not around, please feel to pop in and ask questions. It is a fun loose enviroment and trading focused. It has been a lot of fun. Oh and I can't forget my buddy i79coop. We missed him yesterday, but he is nailing this system as well. Coop come back man we miss ya. And I need to give a shout out to my pal Soeasy. This guy is straight to the punch, no holds barred, but he knows his trading. He doesn't exactly trade this system, but his entries are close to where we get in, and he has valuable insight into this profession. Easy, I will respond to your e-mails.

So results:

Daily Total: 24 pips
Weekly Total: 229 pips.

I can live with it. Thanks guys for a fun week. I like the team we are building here.

Peace Out!

Lohad

not a problem man. due to choppy market i am not able to trade like everyday. I find one very good move but due to previous losses i put take profit at 8. price hits that target. & after that price becomes choppy again. so i quit trading. still add 2% in my account which is better than nothing.

& Please help tex to better understand divergence in bbmacd. i dont have complete knowledge about it so its dangerous to give incomplete knowledge to fellow trader.

Guys,

Please forgive me, but I am about to off on a diatribe of somethings I feel are important. Choose not to read if you like. I won't be offended. But this morning I would like to talk about emotions. Keep in mind I am not a pro. I have only been trading for about a 1-1/2.

But what there has been two things that I had to hurdle real quick to keep afloat in this profession: Money Management and Emotions ( my speach on money management will come in the future). But these two things are what I consider the most important things to tackle in order to be a good trader. I don't care what kind of system you have. Every system I believe is good for someone. Every system I believe can make you tons of money. But the saying is so true: "It is 70% the trader and 30% the system". Notice the "vague" part of that equation? The system. You can put any system name in that part of the equation Lohad, V Force, FX Prime anyone of those systems can be plopped into that saying. But the constant in that saying is the TRADER. You can only put your name there. It is always going to be and never will change. The success ratio is going to be based on 70% of Lohad and 30% of the Lohad system or Vforce system or FX Prime system or etc....

So what you need to get in check is no more then yourself. If you are not right, no system in the world is going to save you. There are planty of good systems out there. I like to feel we have a good one here. But there are tons of good systems out there. This system just happens to fit with my emotions and state of comfort.

Let's face it M1 traders are considered a strange crew. Most of people around here say that in order to be successful you need to be playing 4HR charts. And to be quite honest they have valid points. But for me (the 70% in my equation) it does not work. I think M5 some times takes too long for me. And there tons of people that say trading M5 charts is suicide. So if you are using this system or any other system for that matter, you are trying to master, what many consider is the toughest trading style in this already tough industry. And if you are going to do this. You need to have your emotions in check. You can get rattled pretty easily doing this.

When I began trading. I was KILLING demo. I was going to be rich by last Christmas. My future was set. So. I took the plunge. I put my money in and payed the ante. My Money management was completely incorrect, and I was not emotionaly prepared. My first trade.... a big loser. Wow what a whirlwind of an experiance! My hands got sweaty, i started breathing heavy, I thought I was going to go into a panic attack. I remember that trade like it was yesterday. It took me alot to get over that. My confidence was shattered. I would then sit there in front of the computer watching a move go by with my finger twitching to push the button and I was paralyzed. Too afraid to get in the game again. Too afraid to lose.

The most important thing to get over in this market is to learn to handle a loss. And also learn to handle not taking a trade. Sometimes the best trade you will make in your trading career is the trade that you did not take. And this system here we are building. I think it is a damn good system. But is NOT loss proof! You will lose from time to time in this system. The only way to acheive the "Holy Grail" in trading is to find it in yourself. Once you tackle the emotions of trading, you have tackled 70% of your biggest problem. Emotions, dedication, patience and MM is the most powerful tools any trader can learn. DO NOT revenge trade. Cut the losses short, accept that there was a bad read made or that the system gave a false read and try to get the next one. If you go into a drawdown period, walk away. Live to trade another day!

Well that is enough of my rant.

Go get em and BAG THEM PIPS.

Lohad

Let me see what I can find. I will post on DIV.

Thanks Pip!

Sorry wasnt being rude....indicator seems to draw lines based on fractals? I was looking for trend lines .

Finding DIV on a M1 chart I feel is difficult. And I am still looking to see how reliable it is on M1. But this is a picture of what I see as Bearish DIV.

Price is making new highs in an uptrend but the peaks on the BBMacd is going lower. I will try to post some more and better examples.

Thanks!

Lohad

Lohad check your email

R

hey lohad,

thanks for the screenshot, that makes things much clearer.

cya in the chatroom

cheers,
tex

Tex!

That sounds great. I will try to find more examples!

Have a great weekend.

Lohad

To talk about emotions, I would suggest everyone to read Trading in the Zone.

Yes that is a good read. I am currently reading the book and I am quite impressed.

Thus reason I felt like talking about emotions.

Those of you using the #lohadscalping chatroom, ircforex.com has mad a special web portal for you to connect with
http://www.lohadscalping.tk

We noticed that many of you were typing the chanel name and then clicking to join, bookmark that link it will take you directly there from now on.

Note: Internet Explorer (ver. 7 - 8) users may experience problems connecting using the mibbit client, it is recommended to use Firefox (ver. 2 +). you can always connect with any other IRC client as well.

Well folks. I have to do something for the first timce since I opened this thread. I have to report a day in the negative. Well I was due. It was a struggle, to say the least, for me.

It was a pretty messed up day. I had to miss most of the EU session early on and just when I got back to trade, the "Chop" came in. Then I tried to force trades. It was a back and forth day for me. I was up, I was down I laughed, I cried . I couldn't get in a groove today.

If you have noticed in the chat room, I am working on a possible V2.0 for this system. I have a couple of people kind enough to work with me on this. We are in the process of beta testing. We started this today. To be honest with my loss today, we are not getting off on the right foot. I am not sure if it was the market conditions, myself or the new system. I will obviously need to have more testing time to make a conclusion. Even if I bounce back tomororw and have a good day, I will still need more testing to make sure that this system is an improvement.

There have been people in the chat room asking for me to send the system, and at this time, I am not going to post it. I want to make sure I am releasing a viable version of this system. I will keep you updated.

Todays Results: -10 pips
Weekly Total: -10 pips.

We will hit it again tomorrow. I will be trolling around here if you have any questions tonight.

P.S. Dracozny was kind enough to set up a permanent chat room for us. Please use the link in the previous post to access it. I hope to see you guys there.

Have a good one!

Lohad

Man had a busy day working with some great people on the newest version. I am currently working on 3-4 differnt tweaks. But I really do feel we are making progress on it. I know a couple of people have been pushing for the new version and I will post it out here as soon as I am sure we have the right one. Who knows it may just stick to the version on page 31.

I do have a stripped down version that I have been trading with from time to time today that I could post out here if people are interested. It is a pretty stripped down version of the current system.

If there is any interest in that. Please let me know on the thread here.

Ok, had a good day today. Took care of my bad day yesterday. We will keep pluggin away.

Daily Total: +60 (Yes Piplover I had to to get the last one to round out to 60)
Weekly Total: +50

Have a good one! Oh come join in on the fun in the chat room. It is some good trading fun!

Later,

Lohad