LOHAD Scalping system looking for V2.0

Been testing that, Ron. But it's not the same as identifying a trend on the minute chart.
think about it, each bar or candle represents activity for a certain amt of time.
On a thirty minute chart a signal line or a 30 ma would account for say the last 30 bars or candles (each composed of 30 minutes of activity), not just the last 30 minutes, like a 30 ma on a 1 min chart would.
The best thing I've found so far is to place a color coded vertical line through the bar on the 30 minute (only after it closes) and use that marking on the 15m, 5m and 1m to identify the trends and subtrends...
This is the most exciting thing I've come across. The bbmacd helps to show the strength and reaffirm the direction of the trends and subtrends.
I'm gonna stick with this a while. Practice practice practice. The 10000hour rule makes a lot of sense. Can't expect and kind of expertise with less than 10000 hours of practice. Hey, pilots have to accumulate flying hours, right! Doctors have to put in internship hours.
I'm attaching all the indicators needed.
maximum of 7 files can be attached so the template will follow in the next post...(there's a way to upload a folder but haven't figured that out)
jiva...

template attached

am giving a 2 signal cross idea another shot.
The signal lines catch the moves fairly quickly.
The settings for signal lines are 15 lwma and 30 lwma.
The chart shows good entry points on the way up and the trend break and entry point for a retracement.
target is set just above fib 50.
bbmacd confirms a retracement 1 m
bbmacd not quite confirming the retracement 5 M, maybe got in a little too early...
(it's the demo acct)
but this is the idea...
the trade was good...
okay looks like this is the strategy for tomorrow.
Thanks Ron for pointing this out....

not imagining things.
here is that same set up again...
jeez, should a stayed in........

You're catching some nice moves there Jiva34, I was going to suggest using other indicators to keep you out of ranging markets, but then remembered the BBMACD which does this as well!!

Also, I remember one of my first few lessons I had early in my career - always aim to catch a move with loads of energy/power/volume behind it as the weak ones hardly ever get far. With that in mind, again forgive my ignorance, would volume analysis be of any use to this method? I understand the whole concept of having a considerably large gap between the latest and previous dot on the BBMACD, but I'm still looking for a measure of strength in the move. Just a thought.....

Then silly me remembers we are scalping afterall, hence aiming for a quick 5-10 pip profit so we aren't necessarily looking for the strongest move.

Ron.

Hi Ron,
Your input made a huge difference. About the signal line crosses. It appears that the signal lines are more closely correlated to the actual price movements, without all the whipsaws and seesaws, whereas the bbmacd is useful as a broader range indicator. The 2 together are nice combo.
In equities the volume is easily seen, but trying to use the volume indicator in the mt4 program doesn't seem to show anything. Maybe a volume based oscillator, or the momentum indicator. It could be helpful at least avoid a false move, like if there is very little volume but the price spikes, well just might want to pass on that.
Gonna spend today test driving the above strategy. 3 live trades in my micro account this am all winners.
The interesting thing about the template is how vividly it highlights the pullbacks and the reversals. I'd always tried to guage using the 20sma, the one down the middle of the bol bands, but this 30 lwma signal line is right there to catch the pullbacks.
Who could ask for anything more!!!
Probably won't get back to the market until the Asian session tonight.
I hate to miss London but I'm working 3rd shift and just as London cranks up into high gear I'm setting up the breakfast at the motel.
Frustrating as anything.
My escape from "motel hell" depends on me getting the trading off the ground but during the best time to trade I'm moteling instead.
Asian session, tonight.
US session not possible today.
Will dabble around with volumes and oscillators, momentums, etc to see what I can find.
Thanks for the input.
May your day be full of pips...
jiva..

Caught one, using a/d.

Hey guys,

This is how I have playing this as well. It seems to work really well for me. Also has given me some great confidence on a M5 chart with a 20 pip stop.

Basically it is a double BBMacd, Itrend with inlayed Stoch,

There is a Non Lag set at 25 and a SMHullMA set at 55. I have been playing the crosses or the "weave" going with trend.

Lohad

This is looking good....
all aboard!!!

THIS IS SURGERY!!!!!!!
The mother load.....
alright!!!!

The break through..
Reading these charts is like navigating by the stars...
Can't thank you enough for this thread.
there is something to be said for the 10000 hour rule...
I guess I'm blissed out....
But there is nothing like seeing the results you mapped for follow the route to the T...what to speak of $$$$$
The mystique of the market moves decoded... Unbelievable.
A coworker spends her down time with these sudoku puzzles. what a waste!!!!!!
If you want to solve puzzles park it here in forex...
jiva

Here's a trade in progress using this strategy.
goal is to get a free trade status.
open 2 mini lots, take profit at first pullback, move stop to break even.
nothing to lose...
let the 2nd position ride.
if it stops out, oh well... already have taken profit on 1st position. If my analysis is correct, the pullback will be minor and the longer range goal is valid for 2nd position.... at no risk....
so far so good...here's the history in charts up to now...

Nice trade jiva! Thanks for sharing.

rptrader

I don't mean to clutter up this thread.
It helps me to document my trading, so that each move is calculated.
no panic stuff....
looks like the 2nd position got stopped out.
placed the stop too low.
would like to follow someone else's trades in pics if they would like to share
learn so much from the efforts of others...
Thanks to all who share...
Share the wealth, share the opportunity....
jiva..

Brilliant trades Jiva34! Looks like 'you're in the zone' with this.

As for posting trades, I would love to, trouble is I use a very different method, hardly ever use BBMACD at all. I've gathered various tools that fit my style from various forums and if you all don't mind (Lohad, Jiva34 and the rest of the gang)- i'l post a few of my trades?

Happy pipping to all!

Ron

Hey Jiva,

Nice trading! I am glad to see that you are posting your ideas, I have gained some more knowledge from what you are working on. I have adapted some of your ideas into my trading arsenal. Thanks for the tips. I will be posting what I am working on and how I am using the BBMacd to help me along. Thanks again and keep bagging them pips! Good Job!

Lohad

Please posts your ideas Ron! Like you, I adapt different ideas from other places and put my spin on it. I may decide to see if the BBMacd can work with what you are working with, if you don't mind. I would be interested to see your system if you choose to post.

Thanks

Lohad

Hi Ron,
Please post. That's what it's all about. Can hardly wait to see. Your ideas have been right on so far. Even ideas that aren't so right on can help...
jiva.

Here's something I experienced and it makes sense to me.
Don't know if this is the thread to pursue this. Please let me know if I am in the wrong pasture..
The last few trades I posted were great. I entered them knowing I would be posting and documenting as they developed. I felt I was right on following the new strategy and and knew that traders with varying degrees of expertise would be viewing them and possibly giving some critique. Just being in that mind set kept me from getting off track. I had 2 winners in a row. Right on the strategy no straying, no distraction, focused.
Then I tried a few trades just to trade. Not thinking I would be documenting them for other traders to see.
What a mess. I gave all my gains back plus some.
So I asked myself what was the difference between the winners and losers? It is the same currencies, the same buy and sell, the same strategy, the same ma's, signal lines, bmacd....What was the difference?
The difference was my psychology!!!!!!!!!!
In the first case, the winners, I knew others would see my moves. In the second case no one would see.
I'm going to need to document my trades for others to see in order to protect myself from myself!!!!!
At some point I am expecting that I will internalize the voice of others, "why did you buy at that point?" "what about volume?" "was that a valid signal?"
Alone I think I am projecting my desires onto the market rather than really reading what the market is telling me. But with documentation that will be seen by others I have to be more accountable for my decisions. Why did I do such and such. What kind of strategy would it be to simply say "I thought it was going up!!!"
Which is what I easily slip into trading alone. It got so far afield that I couldn't even remember what the strategy was. I had to research just to find the right template.
Before you know it the charts started to look like some of the one's posted below.
So what I am wondering is if I may be allowed to post my trades here as they progress or if that would take up too much space or conflict with another idea of a continuum for this thread.
I like the mood that has been set here. Open and enthusiastic but if this is too far from the idea of the thread I would have to post somewhere else.
Let me know if it is okay.
Anyway here are some of the wacky charts that threw me way off when I wasn't documenting my moves.
They got more and more cluttered and confusing.

Many thanks guys. Got a few woes that need to be sorted out by the end of the week, result being, I haven't traded today and wont tomorrow.

Quick note though - just as Jiva34 uses the signal lines representing sentiment on different time frames, I use a similar approach. I use the kino_T3MA ribbons (compliments to him and the whole team on the 'FX50 Great Scalping Thread'). Have a read of posts from pages 100 onwards on that thread if you're interested. As a result of the ribbons, I don't even look at the M5+ charts. CCI21, CCI89 and the FX prime bars are also in my setup - again documented in that thread.

As I mentioned before, volume plays a major part with my trades. Have a look at Waddah Attar Explosion indi which does show how much thrust is in a move. Or if you're keen, research on Volume Spread Analysis over the weekend! I guarantee you will appreciate the part volume plays in the market.

I also use a smoothed heiken ashi - which I'm looking to replace with a single signal line, might be convinced to using 2 though.

Another approach I use on another chart (when bored of looking at the above setup!!) - I remove the CCI's and the FX Prime bars, add the THV trix histo bars (M1 to M15) as well as the Trix. Buy when all green on the trix bars and sell when all are red with Waddah above signal lines. (Many thanks Cobra and co... Buy ya all a pint if you happen to drop buy in sunny old England, give us a PM anytime)

That's all I use on the M1 timeframe. I do trade the 4HR chart and other time frames, but I reckon that would be off topic on this thread.

That about covers it. By all means not the 'Holy Grail!' as I can go for a few days in the negative with these methods but they seem to be working for me compared to other methods.

Oh Darn - Look what you've made me do now!! I'm meant to be focused on other things but you've got me talking about my set ups and we all know what happens. Couldn't resist the two trades A and B - bagged a few pips.

I'm off now, happy reading if you're going to follow up on those threads. (I read them from start to end over and over for a few weeks! And I still do!)

PS - Sorry if my post and chart are too confusing! Zig-Zags - see how they give me a general view of the trend! as I write, look how price reacted! Nicely nicely.