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Attachments: LOHAD Scalping system looking for V2.0
Exit Attachments

LOHAD Scalping system looking for V2.0

As I always do on the weekends, I review the losses I had for the previous week. I thought I would share the results. I may try to post these every weekend, depending on how much time this will take to type.

So this last week, I had 10 loser trades out of 71 trades over all (85.9% winners).

By the way this is from 04-03-09 so a little more then a week I guess for this data. These bad trades went as follows:

Countertrend trades = 3 bad trades
Good Trades / Bad Mgmt = 3 bad trades (all trades profitable - did not manage trade well)
Not all Signals Met Trades = 2 bad trades
Bonehead Trades = 1 bad trade (Renegade trade no rules were met at all)
Shakeout Trade = 1 bad trade (rules met / shook out / traded in tight range)

So:
30% of my bad trades were countertrend trades
40% of my bad trades were mismanaged
30% of my bad trades - I have no excuse

I will keep track of these in this format. Maybe this will me see where I need to improve. This week show CT's are bad, and I need to work on my management.

Thanks,

Lohad
Are we trading sunday night/monday morning? or are all the banks closed and make for sketchy movement.
Quoting stifland
Are we trading sunday night/monday morning? or are all the banks closed and make for sketchy movement.
Hey Stifland,

I am going to pass on trading tonight however I will be looking at the market.

Also, tomorrow, I will not be looking to trade London session, but maybe NY session if cooperates.

I will be in the chat room Monday morning (London) session, but I will not be in as early as normal.

Thanks,

Lohad
Hi Lohad,

Monday is a bank Holiday in UK, so be careful, volume will be very thin.

regards

Pardy
Yes,

That is why I am not looking to trade tomorrow, but I will pay attention to NY just to see what it does. Thanks for the heads up!

Lohad
Got 5 pip and done for today hehe... there're pretty good movement though but emmm... better wait till tomorrow
Yup I am on the sidelines today. I do not expect that I will be making any trades today. Who knows.

Thanks

Lohad
Hi Lohad,

I've recently stumbled on your thread and it looks like the kinda thing which could be my cup of tea, so to speak.

Anyhow, I have loaded the LOHAD Crew scalping system and have printed out the instructions so that I can follow them while I have my screen up and running. I get most of it apart from the BBMacd (aka Kingpin) which I am struggling with.

Could you tell me how to 'read' this particular indicator and what I need to be looking for?

Also, when the madro gives you the buy/sell arrow, do you wait until you see the first green light in the Sidewinder?

Thanks for posting your system and I look forward to making a few pips with it (fingers crossed!)

Cheers,

Benn
hi and welcome mr benn.
actually i am too new to this system.but since yesterday,my win percentage is 60%.my losses are due to lack of discipline.like what lohad said before, a good system is only 30% of being a good trader.
now i am +26 pips and will do my best to improve.
Quoting Mr Benn
Hi Lohad,

I've recently stumbled on your thread and it looks like the kinda thing which could be my cup of tea, so to speak.

Anyhow, I have loaded the LOHAD Crew scalping system and have printed out the instructions so that I can follow them while I have my screen up and running. I get most of it apart from the BBMacd (aka Kingpin) which I am struggling with.

Could you tell me how to 'read' this particular indicator and what I need to be looking for?

Also, when the madro gives you the buy/sell arrow, do you wait until you see the first green...
Hi Mr. Benn,

Thanks for stopping by and checking this system out. The BBMacd, you are looking to pay attention to the dots. In an up move, you want the dot to be above the top line of the BBMacd with a little separation preferred. I changed the settings as well of the BBMacd, should come up automatically with the new template, but it is (from top to bottom) 10,24,7,0.5.

Yes you need to wait for the sidewinder to be green, you can also use the FXPrime V2 - Final JE indicator, which I am using. Works the same as sidewinder, I just prefer this one. I will attach to this post.

Let me know if this answered you question, if not, please let me know. Also, in the first post, there is a PDF file of the BBMacd that is very important that you read. This will explain how to use the BBmacd and show how powerfull this indicator can be.

Thanks

Lohad
Attached Files
File Type: ex4 FXprime_V2 Final-JE.ex4   11 KB | 332 downloads
File Type: mq4 FXprime_V2 Final-JE.mq4   10 KB | 390 downloads
Hey mimet,

Thanks and well done. Sounds very promising!

Lohad,

Many thanks for the info, thats very helpful. I presume you remove the Sidewinder indi and replace with the FXPrime V2 then..? I'll give that one a go.

Cheers guys and good luck.

Benn
Quoting Mr Benn
Hey mimet,

Thanks and well done. Sounds very promising!

Lohad,

Many thanks for the info, thats very helpful. I presume you remove the Sidewinder indi and replace with the FXPrime V2 then..? I'll give that one a go.

Cheers guys and good luck.

Benn
That is correct!
Hi Lohad,

Does my chart look about right to you sir?

Same rules with the FXPrime, ie. Green = good to go, Red = no go? I see there is no Amber anymore so its either a yes or no system with no middle ground?

Thanks a lot for your help Lohad.

Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: LOHAD Crew SS.JPG Size: 126 KB
Mr. Benn,

Yes your chart is right. However on the FXPrime filter, Green = Long, Red = Short. So you wanna see the arrow for possible trade and trade direction, Confirm with FXPrime filter and BBMacd.

You are ready to go!

Lohad
Ah, got it!

Many thanks. Here's to grabbing some pips hopefully.

Benn
Quoting Mr Benn
Ah, got it!

Many thanks. Here's to grabbing some pips hopefully.

Benn
My Pleasure Mr. Benn! Now lets go bag them pips!

Lohad
Any coders here using this?

or maybe this already exists?

An indicator similar to sidewinder/fxprime that displays

Blue if bbmacd dots Blue and above upper line
Red if bbmacd dots Red and below lower line

yellow if red/blue between lines......

rgds

R
Hey everyone,

Piplover has an exit rule that I feel is pretty good. What he does is put a 5SMA on the chart applied HLC/3. What he does is once he is in a trade, he closes when prices crosses and or closes on the opposite side of the 5SMA. Check it our if you like. It seems to be working for him when he follows it.

Thanks,

Lohad
Hey guys,

I had a pretty disappointing day. I was all jacked up for this day and I just flat out blew it. My focus was not there. I cut my winning trades way too short. I can't tell you how many trades I had at BE or +1. Just not there for me today. I am disappointed in myself, but we will get them tomorrow. Since my bread and butter time is the London session and into the New York session, I will give myself a new guideline. During these times, I will be more focused on trading. I will hold off on working on different tools for exits and such until at least 10:00 AM CST.

I will still be in the chat, but I will be more focused when need be. No one take this the wrong way. I am basically talking to myself and correcting the derailment that I had allowed happen.

Daily Total: 15 Pips
Weekly Total: 15 pips

Have a good one traders and we will see you in London.

Thanks,

Lohad
Quoting lohad
Piplover has an exit rule that I feel is pretty good. What he does is put a 5SMA on the chart applied HLC/3. What he does is once he is in a trade, he closes when prices crosses and or closes on the opposite side of the 5SMA. Check it our if you like. It seems to be working for him when he follows it.
Thanks for the info, lohad. I was going to ask you about trailing stop/exit strategy so I'll add this to my chart and see how it goes.

Cheers!
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