FX-50 Great Scalping System

"new" version with Spread ; and without sma adx & rsi
kino

attached
kino

On EURUSD today a very nice opportunity for trading between the ribbons.
Pipdistance between price and TF15 is >35 pips, So that's a good one.

Look how price bounced twice on TF15 before it definately broke through!

here attached final version with the 4 ribbons
i'm working on alarm , if above / below all ribbons
kino

Green Tickzone Traders having trouble to push the RED BALL into black area

First of all: my excuses for my previous post!
I hoped I could find time this week for trading and posting on this thread, but it's different.

Okay, I want to show you 2 pics.
Reason is the orchid coloured TF30 Zone. I think it is good to repeat what John told about that Zone at the time he introduced it. He said:

"You will notice that TF30Zone is of less importance for entry decision and actually is more or less only usefull to identify support and resistance at greater distances. As such the edges of TF30Zone (=TF30Ribbon) most of the time work more the same as Pivot-and Fiblines."

That's my opinion on the TF30 Zone too. Actually I have to say that if you don't pay attention to that principle, you will mis the boat and (even worse) will entry too late /getting in bad trades.
However the TF30 Zone is on my charts for reason the 'pivot' function.

NB: Because of the original intention of the TF30 Zone, the #Kino_close_above_ribbons indicator doesn't have TF30 Zone in it's calculation.

pay attention to the big distance between Yesterdays High which is reached on the chart and yellow TF5 zone. In my opinion it happens often that price retraces to this Zone. In this case it was much further.

For those who think: Jazz' chart is different from mine......yes, I had data probems....I am missing half an hour data.

[quote=Jazz1964;2718014]First of all: my excuses for my previous post!
"You will notice that TF30Zone is of less importance for entry decision and actually is more or less only usefull to identify support and resistance at greater distances. As such the edges of TF30Zone (=TF30Ribbon) most of the time work more the same as Pivot-and Fiblines."

NB: Because of the original intention of the TF30 Zone, the #Kino_close_above_ribbons indicator doesn't have TF30 Zone in it's calculation.

attached 3 and 4 ribbons
you can erase all the others and choose the one you want
kino

As a follow up to my previous post regarding the orchid coloured TF30 Zone:
it appears to be a Pivot line today on EUR/USD.

Nice high prob trade setup at the vertical line.

Good day everybody,

EUR/USD today
a very wide TF15 zone gives opportunity for trading into it's boarders.
Remember, for a high prob trade minimum pipdistance to the next level of S&R should be 35 pips.

The left orange vertical line: all conditions are very nice for entries, but pipdistance is too small. So it's not high prob

The right orange vertical line: CCI is croosing zero and FXPrime is alerting for possible change of direction. But pipdistance is too small for a high prob setup.

Look at the right part of the chart: price goes down when yellow TF5 traders decide they won't buy.

will TF15 be able to give support? TF5 recently don't want to pay, TF1 looks like they don't want to pay......

How it went:

The index trade I am in, while TF15 and TF30 are above me:

Wow did you see this G/U trade?
100 pips...

Look at the divergance I draw in the chart. The first breakout from blue TF15 zone is not a good setup because of the positive divergence.

Next you can see blue TF15 and yellow TF5 zones rejects price down.
This happens with negative hidden divergence in CCI.

This is a real winner.

After the strong 100 pips downside movement, price is at the lower TF30 line. This will be so, until TF5 comes in the game, pushing price down (not in the pic).

got it?

This is EUR/USD today.

at point:
A: Price pushed down by orchid coloured TF30 and blue TF15 zones
B: blue Tf 15 pushes price back down
C: 3rd and last down push from TF15
D: Very narrow TF5 is giving support and price breaks trough TF15 zone up
E: Upper TF15 line is giving resistance
F: double support from Yellow TF5 and TF15
G: strong ralley up is getting slower here and gets finally gets resistance from closing TF30 triangle. Interesting point!
H: TF15 traders not giving up; these traders pushes price up.

TF5 traders are also coming into the playground. I am curious, but have to go now.

Good trading day to all of you

Well this is what happened:

High Probability Trade.
Price went below all the Zones, made a nice pullback
Entry confimed by double FXPrime red signals and CCI recrosses it's black MA.
And if that was not enough: bonus red dot on price action chart from BraintrendSig.

This is really good.

Hi everyone,
I finally finish reading all the posts before I do the first post.
Thanks so much John E. for the teaching,
and also Jazz for giving lot of examples.

I have a question how this entry for a long position.

I do this long entry, because
1- I see the PA is breaking the ribbons again.
2- above the Tenken line
3- CCI above 67 and heading up
4- Prime bar has "dot" signal.
Please give me some comment...
Thank you thank you....

Hi the2001km,
Welcome to this very strong setup from John Edwards!
You have done a good job by reading all the stuff on the FX50 and the TF Zones. I think you will need just a little time before you can swim by yourself. That's the way how it went for me.

Your interpretation of the zones and indicators is pretty good.

What I tell you now, is about what I see in your chart:
The very best situation is when price jumped further out of TF 5 ribbon and makes a pullback and go.

The way price felt below Kijun line just before, is also a sign that this is not the very strongest setup.

One thing you forgot: the resistance levels R1 and 38% fibo level. They're very near above you, that's a risk!

I couldn't read your chart very good, so I opened a USD/JPY myself.
Strange, your chart and mine are very different. At first I couldn't find your entry.

At my chart you can see that TickZone and TF1 and Price are all together into TF5 Zone. Nobody did decide yet and yesterdays high is close above.
If you look back: TF5 Zone had been resistance twice before.....

Please download the full colour template from post 1 again.
Hope that will help.

The photo on your post is not very clear. You can save a picture from your clean chart by rightclicking on empty space on your chart, search for the save as photo (or something like that); after that you check the second option.