FX-50 Great Scalping System | Page 119 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

The Great 05 Level Scalping System 110 replies

1M & 5M Scalping System (Scalping Paradise) 21 replies

Blackdiamond System - Awesome scalping system (Coding Reqd) 9 replies

Average system + great discipline =great results? 44 replies

Attachments: FX-50 Great Scalping System
Exit Attachments

FX-50 Great Scalping System

  • #2,361
  • May 20, 2009 7:57pm May 20, 2009 7:57pm
I made another entry. It may wrong.
1-Return to main down trend as PA pass again 200SMA
2-Nice crossing down of every ribbons
3-pull back on TF1
I think it should be best enter when PA cross 0.7722 which is previous low.
How is this entry?
Attached Image (click to enlarge)
Click to Enlarge Name: 20090520-audusd.gif Size: 37 KB
  • #2,362
  • May 24, 2009 11:19am May 24, 2009 11:19am
Wow it's great to find this thread! My thanks to everyone that started this and to everyone that has kept it going. I'm an ex-primer myself and would love to get up to speed here so I can start to contribute. Have been spending my weekend reading the posts to get caught up. Cancel the bbq's baby - I've got some catching up to do!!!

I've attached my analysis of a setup. Can someone comment on my chart and tell me if my entries are valid or if I am missing something? Do you try to enter right on the dotted red line? I noticed when price has pulled away from the dotted red line it tends to retrace back to the dotted red line. In one case on my chart the retrace was about 50 pips.

Thank you!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMAY20200915MINEXPRIME.JPG Size: 161 KB
  • #2,363
  • May 25, 2009 8:51am May 25, 2009 8:51am
Hi Pipvalhalla,
I don't know if your entry is good/bad, because I'm still newbie to this system. But for me, I usually won't enter in the ribbons or beginning breaking ribbons. I scare it will be a Resistance/support.
So I will wait the PA clearly break the ribbon and do the pull back, I then will enter.

Quoting Pipvalhalla
Wow it's great to find this thread! My thanks to everyone that started this and to everyone that has kept it going. I'm an ex-primer myself and would love to get up to speed here so I can start to contribute. Have been spending my weekend reading the posts to get caught up. Cancel the bbq's baby - I've got some catching up to do!!!

I've attached my analysis of a setup. Can someone comment on my chart and tell me if my entries are valid or if I am missing something? Do you try to enter right on the dotted red line? I noticed when price has pulled...
  • #2,364
  • May 28, 2009 12:48am May 28, 2009 12:48am
Hi Jazz, John,
Haven't heard from you for a while. Always enjoy learning something from your posts and chart examples.

Any new update in the works?
Looking forward to hear from you guys.


Pipster
  • #2,365
  • May 29, 2009 3:11am May 29, 2009 3:11am
Hi Pipster,

For the moment I am quite busy doing other things..... so there will not be much from me untill September of this year.

I plan to do an update than.

Thanks for your interest and contributions.

I hope in the meantime someone else will answer questions and try to explain current trade setups using this system.

Good Luck,

John


Quoting Pipster007
Hi Jazz, John,
Haven't heard from you for a while. Always enjoy learning something from your posts and chart examples.

Any new update in the works?
Looking forward to hear from you guys.


Pipster
  • #2,366
  • May 29, 2009 3:48am May 29, 2009 3:48am
Nicely done..... Thanks for showing your trade setup.

You seem to have full grasp already...... Please put some other setups on the thread..... there are many readers that come here to learn and study.

Have a look at post #1 and see for yourself how many visitors to this thread have downloaded the pdf-file Jazz1964 has attached to post #1 on April 6-th '09..... 4978 dowloads in barely 7 weeks which isn't bad at all.

Many of those come back regularly to study all your examples on the latest pages......

Good Luck,

John



Quoting Pipvalhalla
Wow it's great to find this thread!...
  • #2,367
  • May 31, 2009 7:57am May 31, 2009 7:57am
WOW, I discover your thread this friday. What an interesting method! I was looking for something like that since a long time.
I know I have a lot to catch up to do but there are so many good exemples, explanations and teaching it shouldn't be a major pb ... just a matter of time!
Thanks Kino, John, Jazz, FX24 and many others, you are fantastic and are really helping traders.
See you later when I have a better understanding.
Best regards.

Al
AL
  • #2,368
  • Jun 1, 2009 9:28am Jun 1, 2009 9:28am
Hello,

I'm slowly going through this thread and so far find it very interesting. I encounter a problem with the different scripts on page 96. None of them are working! I've tryed everything I know (but I may not know everything!), put them in script folder, allow live trading .... but no success. I even try in Expert Adviser folder without much luck!
I'm looking for a simple script that allow me to enter a trade when I drag it on a chart with a predetermine nb of lots (from mini to standart) and also a predetermined SL and TP I can choose myself before entering the trade. I sure that kind of script exist but was unable to find by myself.
I would really appreciate if somebody could post one which is actually working or who can tell me why the one i have are not!
I'm using WHCas a broker, tryed on a demo but I don't think that the broker is relevant as I have some other scripts that are working perfectly on this platform.
Thanks in advance.
AL
AL
  • #2,369
  • Jun 9, 2009 8:46am Jun 9, 2009 8:46am
Hello, everybody, iam new here, still learning the setups. Thank you for this method. So far i like Kino CCI RSI as a entry signals and filtered by ribbons.
They are very good in those big volatility market conditions. Every time i test system i put it in it to the worst market possible.One of these very bad period is from march to august 2007. There was only 50 pips daily average ranges. and sometimes price were in range of 20 pips several hours. In those conditions you can get so many crossing of 0 line where acutally i have no clue what to do.It is almost not possible to make money there, and this period can stand several weeks or months.
I would like to know how you cope with that guys?, i attached several charts showing those small volatility periods. The problem is you never know when those small volatility periods will come. Thank you for respond


Take a care

Denaro
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2009-06-09_15-24-01.jpg Size: 218 KB
Click to Enlarge Name: Screenshot 2009-06-09_15-16-42.jpg Size: 215 KB
  • #2,370
  • Jun 10, 2009 10:14am Jun 10, 2009 10:14am
Hello i'm back and with this trade of 54 pips for now
where are all the membrrs of the forum ?
kino
Attached Image (click to enlarge)
Click to Enlarge Name: 1006.gif Size: 61 KB
  • #2,371
  • Jun 10, 2009 10:21am Jun 10, 2009 10:21am
I know what you mean Kino.
It is kinda quite in here for now.
Will see if this changes.

D.
  • #2,372
  • Jun 10, 2009 10:46am Jun 10, 2009 10:46am
Hey Kino,

I have a question. I have this indicator but it repaints. I already looked into the code and can not find the problem. It is a Zig Zag indy so I'm not quite sure if this problem ever could be fixed because of the changing highs and lows that occur. But just for the heck of it. Please take a look and tell me what you think.

D.
Attached File(s)
File Type: mq4 ZZ_pS_v[1].0.4.mq4   6 KB | 628 downloads
  • #2,373
  • Jun 10, 2009 10:53am Jun 10, 2009 10:53am
Quoting DirkH143
Hey Kino,

I have a question. I have this indicator but it repaints. I already looked into the code and can not find the problem. It is a Zig Zag indy so I'm not quite sure if this problem ever could be fixed because of the changing highs and lows that occur. But just for the heck of it. Please take a look and tell me what you think.

D.
I forgot the parameter.
Change minBars to 5 or 8 & ZZ_Method to 1.

D.
  • #2,374
  • Jun 10, 2009 11:38am Jun 10, 2009 11:38am
Quoting DirkH143
I forgot the parameter.
Change minBars to 5 or 8 & ZZ_Method to 1.

D.

ok i'll try to see that
kino
  • #2,375
  • Jun 12, 2009 2:12am Jun 12, 2009 2:12am
Quoting DirkH143
I forgot the parameter.
Change minBars to 5 or 8 & ZZ_Method to 1.

D.
i only see a horizontal line ?
send me a PM with screen, please
thxs

kino
  • #2,376
  • Jun 12, 2009 6:26am Jun 12, 2009 6:26am
what time frame do u prefer to trade?
  • #2,377
  • Jun 16, 2009 2:50am Jun 16, 2009 2:50am
Hi all,

just want to say I am still dedicated to the FX50 system with Ribbons.
Unfortunately I don't have time to trade so I dont share charts with you these times.

In the future I want to come back here. I want to do a visual backtest on the high prob trade setups, looking for the % winners and losers on EURUSD. I think it will be almost the same as a previous backtest I made and publiced overhere. The result was about 80% winners if I remember correctly.

Kino, sorry, really don't have time for a small pdf. The best trade setups are if price is under/above all ribbons AND after price made a nice pullback. Price shouldn't have been on the way for a long time already, because then you can expect a retracement. Look for CCI (strength/trendlines/divergences). Be carefull with entry nearby pivots and fibo levels.
Me myself like to trade between the Ribbons too when the next S&R from the ribbons is at enough pipdistance.

I find it very responible to look at price action as a result of the behaviour of the different groups of traders, each with their own time horizon. since february they are always on my charts as the basis of my trading.

Hope everybody is okay!
Trading S/R with PA only. No indicators anymore!
  • #2,378
  • Jun 16, 2009 3:38am Jun 16, 2009 3:38am
because I like them so much

didn't make the trade, but the exemple is obvious.

Look how CCI pointed clearly in the direction of a short by leaving the wedge in south direction. Price felt througt the widening (less resistance) TF5 Ribbon. See how TF5 traders needed some time before pushing price down together with Tick- and TF1 Ribbons.
Attached Image (click to enlarge)
Click to Enlarge Name: ff.gif Size: 43 KB
Trading S/R with PA only. No indicators anymore!
  • #2,379
  • Jun 16, 2009 4:54am Jun 16, 2009 4:54am
I am planning to start with forex too Most of you know I am trading only futures on indexes for the last 5 years after being a stock trader, but when I overwin my fear for MT4 brokers, I will change.

Nice chart for you.
Attached Image (click to enlarge)
Click to Enlarge Name: ff.gif Size: 50 KB
Trading S/R with PA only. No indicators anymore!
  • #2,380
  • Jun 16, 2009 7:15pm Jun 16, 2009 7:15pm
I am relatively new to trading and my favourite indicators have been moving averages and the cci. I had a basic system using these. Discovering this system and thread has fast tracked my progress enormously. Thank you to those who have put the time into developing it.

When I opened my charts this morning I could see a great example of how the TF zones create the support and resistance.

http://i5.photobucket.com/albums/y16...60609_2326.gif

And then after that how triangles show the way to a trade. There was a tightening triangle developing between the TF5 (Green) and TF15 (Purple). TF5 was acting as strong resistance so price was being pushed down. At the same time TF15 was opening up forming an opening trianlge enabling price to be pushed down through it.

http://i5.photobucket.com/albums/y16...60609_0142.gif

I am still only learning this system, so the experienced guys, please feel free to add comments or correct.
...20% method, 80% mindset...
0 traders viewing now