NENE's 5 min Recliner Scalping strategy

My goal is to turn $10 into $$$$$$$$$$$$$$ My first goal is:

$20

Nene...i'm interested in learning more. I often scalp semi-successfully for about 20 pips/day. Would like to scalp more or less for MORE pips. I will definitely keep tuning in to your thread!

GL+GScalping!

See you later

Nice work so far, I'm impressed!!!

Try a 9hour SMA line, thats 108sma on your 5M recliner, thats a pretty good Trend and S/R line I find.



Also trying to turn a nothing account into real $$$$'s and logically there is no reason it can't be done, it'll just take longer, but unlike everyone else worst case you lose $10, there all risking $10,000

T/P #1, .01 Micro came off at 1.4013 top, the other .01 Micro is still going. Stoploss has been moved to 1.4017 which is where the 8 EMA is.

I will be looking to add a long when price comes back in between the 8 and 21 EMA.

NENE, could you please explain how your system works, I loaded your template, but I don't understand why you draw the triangles and how they tell you how to trade... Please explain.

Thank you

Please give me time, as I am at the hospital a lot with my Son. There are no triangles. Those are simply trendlines. We are going to be taking our entries off of the following:

1) Trendline Bounces
2) 8 EMA Bounces
3) 21 EMA Bounces

These are entry points in the ellipse's, (Chart #2). The trendlines are profit areas. When the pair is trending you just keep moving the stop up. When it is choppy or consolodating, you have more trendlines hence you shoot for less pips. As we go you will see me trade and learn how. When I put a trendline on, I will let you know. Right now I have had this trade on since the triangle break, ( Chart #1).

Another Triangle, another opportunity. If it breaks topside, which I think it will, it should go to 1.4075. I will take 1/2 off at 10 pips. then let the rest ride.

Notice how the P/A respects these trendlines. This is the heart of this system. This has been around for years. It is basic Forex 101. You see, so many people need to have that mechanized atmosphere on their charts, however, it's not neccessary. And besides, when you use these indys on the smaller charts they are counter productive. There will be no guessing in here. We will get in, steal our pips and get the hell out.

NE

Want to see both views, here they are to show you where these trendlines are drawn from.
Ne

I made a slight adjustment to the UTL and added one on top that could put up resistance if hit.

Ne

Drew 2 UTL's, ( Upper Trend Lines ), this morning and waited, ( 1st chart ). These touches when all 3 come together, ( 2nd chart ), sometimes are very lucrative as you see here. I took this one my phone while sitting at a red light and got 54 pips at the UTL I drew earlier. Sorry I couldn't share this one with you but there will be more.

Hit my first goal of $20 after starting with $10 about 2 days ago. Took 10 on a quick little trade bounce off the 21 EMA. I set my TP1 for 10 pips and the other is still going. I have moved my stop to B/E so I can't lose the first 10. Here is the screen shot to show you my account. this is no bull. Next goal is $50 and I will see you there. Gonna stick with .02 Micros right now.

NE

Thats 102 pips trading this easy little system.

I did have a loser last night when I fell asleep at my computer. Just wanted to give you the honest truth. No system is perfect.

Ne

Here is the updated UTL, everytime we make a high or a low.

NE

Your system lacks Caffeine

102pips is nice, but you've put in alot of hard work to make $10, ofcourse most people here put in more work for -$500 over 2 days.

Set your target at $40, then $80, your ownly 16 more doubles away from being a millionaire then, be retired for mid august

We got her in a little squeeze and this is a good thing. You could take the bounce here, but we already had 2 good pushes. Chances are it will hit that UTL once again, but you never know.