LOHAD Scalping system looking for V2.0

I am going to keep this short guys, because I need to get something else posted on here.

Daily Total: 39 Pips
Weekly Total: 39 Pips

Thanks,

Lohad

Guys / Gals,

I am you guessed it, posting another template, version or method for trading this system.

I can assure you that I am done posting new versions for quite some time. I feel that we have achieved V2. When V3 comes, time will tell.

I apologize for all of the changes. I have been trying to get too cute, and tweaking the hell out of system that really just need to be simplified. The focus will now be on how to trade this system. Not on how to change a system that not everyone knows how to trade.

This is the system that I will be trading with. So if you are in the chat room, you will know that I will be using this template. I am hoping that this will get people on the same page. And hopefully we can achieve consistency in trading this system.

I really do appreciate all of the changes that you have rolled along with me on. I really do appreciate the "Crew" who helped me get this system to where I felt it needed to go. I have really learned a lot from you and it has been a lot of fun. So please take a read and try it out if you would like to.

Please feel free to ask me any questions. Or have at it if you need to vent some frustration towards me with all of the changes. I know I have it coming.

I am uploading only the new indicators for this. If you do not have the other indicators, they are located on the first page of this thread. I would zip them up, but for some reason, people have a hard time working with my zipped files.

Thanks again!

Lohad

thanks, many....
am running this version through the demo and it's very smooth and clear...
Maybe Land of Hopes and Dreams is real......

Thats great Jiva!,

I am running it too and I like it. Let me know if you see any issues with it. Thanks for trying it!

Lohad

seems to have stopped working for me...been suggested I use an irc client......anyone know a free easy one? all new to me?

R

Rob,

I intentionally exited the chat room to see if I would have an issue getting back in. I am also having the same issue on this. I will keep checking into this. Once I hear something I will contact you via e-mail. Sorry about this.

Lohad

Stifland;

What is the settings for your white bands?

TimeFreedom

Hey TF. An 8 ema of highs and a 5ema of lows. good for stop trail.

Hey Stifland,

I was looking at your setup again, and I think that channel can also help for trend and trend strength. I will be interesting to test out on the live feed.

Thanks for the contribution!

Lohad

Here ya go Stifland, Thanks JE and gang!

Lohad

here is the indicator

I'm useless for helping with the development of this trading system. But I know when something is hot....
I stumbling onto the site and the thread...
Lucky me..
I love what's going on here.
The stacking of HAS,the cutter and price is super. The trade just pops out saying "here I am...."
geniuses at work here.
I was thinking how this is sort of like hacking into forex....
the big guns are slinging millions around and some little people use their intelligence to hack into the system... Not to bring it down, but to catch a little of the action....
brilliant...
Dumb bunny here...
having a great time with this..
Thanks much...

Jiva,

Thanks so much for your kind words! Words like that just recharges a guy. I am so glad that this system is working for you. I am also lucky by working with some very intelligent trouble shooters and traders to help take this system to where it is.

As long as everyone remembers, that you still need to pay attention price action to make this system successful. Support and resistance areas, and trading with the trend are also keys to the success of this system.

Thanks again Jiva.

Lohad

Well I am going to keep this short. Need to get to bed to make the London open.

First day I truly felt I was able to concentrate on this new system, and I am very excited and comfortable with this system

Yesterday Results: +19 Pips
Todays Results: +46 pips

Weekly Total: 104 pips

Thanks guys!

Lohad

Pic is self-explanatory. This is only 8 pip candle.

Cliff

Here is that S/R indi we spoke about in the chat. I do not personally use it, but I think some people may like it.

Lohad

I am sending this in early. Going out to celebrate my Dad's birthday.

Well I broke even today. That is right zero pips. But to tell you the truth, I am quite proud of it! I battled back from down 9 to get back to even. Only made a few trades.

I walked away, because I was not feeling it. You can have a good system, but remember it is only 30% of the equation. If you are not feeling it, or seeing price right, no system is going to help.

Knowing when to walk away can sometimes be your most valuable tool. Some days protecting your account is more important then gaining a lot of pips. So I will live to trade another day, with the SAME account value and not a smaller one. We will try to hit it tomorrow.

With the EUR session closed tomorrow, I will be late to the chat room. I will check out the NY session though. But it maybe a good couple of days (tomorrow and Monday) to do some house cleaning (cleaning and refining the system) and yes I have house cleaning duties to clean up this thread.

I will see ya tomorrow.

Lohad

Daily Total: 0 pips
Weekly Total 104 pips

Easter holiday, Friday people taking 3 day vacation, traveling etc.
trading will be muted most likely for US forex.
Probably London slow too.
Thanks for sharing your experiences, Mr. Lohad. To be honest with you I'm not making any profit. Just using demo and a micro account ($25) to dip toes in.
This is not as easy as some would have others believe. The micro account is good for me because of the tiny investment required to actually trade but because the leverage is so high 400:1, miniscule moves can add up to exagerated losses. Of course those same moves can be good gains.
I had one good run a while ago with EURCHF. The EUR went down for 3 straight days and I traded in and out the whole time. It was a real picnic. I turned $25 into $250 in 3 days. So I know it is possible. I just caught the trend and rode it all the way. No fancy indicators. Just fibs and fractals. But I haven't been able to identify another situation like that.
Much of my difficulty stems from my own impatience. Too impatient and get in too early (trade goes against me), or too impatient and get out and miss the best part of a run. Typical novice trader stuff. Or I stay too long in a trade and lose the gain.
I don't clearly understand the retracing and reversal differentiation. So I enter when it is reversing and get out when it is merely retracing.
I am certain that any system is only as good as the person using it and their basic knowledge of what is actually going on with the buying and selling. For instance is the action taking the pair down on partial position closing for profit taking from a big run up and it will resume climbing again or is it shorts moving in and longs closing-out positions and the run is over?
I'm sure that the more I can decipher the trading sentiment the more valuable the readings with the indicators and the more powerful a tool any system will be.
This system is visually and aesthetically easy to use. It's not a brain drain or an eyesore. Pretty clear. I plan to keep practicing with it.
Oh, another thing,since this post is like "true confession," I have to be very careful of is clicking the wrong action on my trading menu. Today I wanted to set a sell limit for a position I had in EURUSD (live trading not the demo) and I inadvertedly closed it for a loss. Just clicked the wrong button. This happens more than I care to admit, and once is too many times!!!! I get excited. And my clarity is gone.
I love the lessons I am learning. Trading is opening up a whole new dimension of awareness. About myself, how the world works, discipline, self control, fear, anger, greed, honesty, etc. etc. etc.
Have heard it said that it takes 10,000 hours of practice to master something. For me at my rate of involvement that will be about 5 years. I look forward to it.
Kind of a long ramble. Hope it didn't put ya to sleep.
jiva(a living entity)....

Hi Jiva,

If you ask me, bring honest with yourself and identifying the things that you need to work on to improve yourself is profit. As I keep going back to it, You are 70% of the equation.

I am glad you are enjoying the system and I look forward to have you grow as we do in this industry.

Thanks,

Lohad

I did not take a trade Friday.

I spent the time during these dead markets to work on exit strategies with a few com padres of mine.

I do not plan on trading Monday as well, but I will be looking. Like Friday I may be in the chat a little later then normal.

If you are celebrating it, have a great Easter!

Friday Total 0 pips
Weekly Total 104 pips

Lohad