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NENE's 5 min Recliner Scalping strategy

  • #61
  • Jun 28, 2009 8:06am Jun 28, 2009 8:06am
I just want to create a system that everyone can use. Even New people, like this thread is for. Bad thing is I won't be able to be here a lot because of my Son. Got to find someone to mederate when I am gone.

Ne



Quoting Turveyd
I presume you've done this with a proper ish sized account ( $200 like I'm trying to LOL ) and using this as a cause you can and distraction therapy.

And therefore already rich
  • #62
  • Jun 28, 2009 8:11am Jun 28, 2009 8:11am
Well you've raised my interest in drawing my own trend lines at least, which may or may not be a good thing, we'll see how long it lasts though I'm lazy to the extreme

Likely won't need any moderation, so don't worry to much.


Due to some good trading, have your 2nd V aswell!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #63
  • Jun 28, 2009 8:12am Jun 28, 2009 8:12am
Well, its not really a system, its more like what they taught you in Forex 101, but only here you actually use it.
  • #64
  • Jun 28, 2009 8:16am Jun 28, 2009 8:16am
There are no Systems that work, well not for more than a few weeks before they just slaughter you.

Vague system + experience is where it's at.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #65
  • Jun 28, 2009 9:19am Jun 28, 2009 9:19am
We will not only be using the immediate trendlines, but the 8 & 21 EMA and the 50 SMA. I will be adding pivot points to our strategy this evening.
  • #66
  • Jun 28, 2009 1:14pm Jun 28, 2009 1:14pm
I see how the 8 ema and 21 ema sometimes and how the PA somtimes crosses above or below the lines, but I dont really see any pattern to how you are using them in conjunction with your trendlines... Could you please tell me what you are looking at when you make a decision to buy or sell... I see you only do it when the PA hits your trendline.... But how do you know the PA will change direction at your trendline, how can you be sureyour trendline is correct? How do you know when the PA is going to break out of the trendline and start a new one?
  • #67
  • Jun 28, 2009 2:19pm Jun 28, 2009 2:19pm
Quoting mikemadman
I see how the 8 ema and 21 ema sometimes and how the PA somtimes crosses above or below the lines, but I dont really see any pattern to how you are using them in conjunction with your trendlines... Could you please tell me what you are looking at when you make a decision to buy or sell......
The answer to this is, you don't, you never will not 100%, it's a advantage from various things stacked up reading the PA Action then it's a game of statistics and holding to make enough to more than compensate for the downs.

I use a similar system, but different SMA's and I've used his SMA's with success although there too quick and too scalpy for me currently.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #68
  • Jun 28, 2009 3:41pm Jun 28, 2009 3:41pm
It depends on the situation. If the pair is trending we will buy or sell when the price pulls back between the 9 and the 21. We will be taking bounces off of trendlines and using them as targets also. I will not give you trade entries, you will have to learn them by watching.

Quoting mikemadman
I see how the 8 ema and 21 ema sometimes and how the PA somtimes crosses above or below the lines, but I dont really see any pattern to how you are using them in conjunction with your trendlines... Could you please tell me what you are looking at when you make a decision to buy or sell... I see you only do it when the PA hits your trendline.... But how do you know the PA will change direction at your trendline, how can you be sureyour trendline is correct? How do you know when the PA is going to break out of the trendline and start a new one?
  • #69
  • Jun 28, 2009 4:48pm Jun 28, 2009 4:48pm
Here are the current trendlines I have left from Friday. We got a nice little bounce off the main UTL, I took a trade here with a 10 pip TP on 1/2 of the lot size. When it triggers I will move my stop on the other trade to B/E
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 37 KB
  • #70
  • Edited 5:40pm Jun 28, 2009 4:51pm | Edited 5:40pm
With the daily pivot where it is, it is a trade I am willing to take. Keep an eye on the 50 SMA. If we cross it and bounce I will place anoher long.
  • #71
  • Jul 4, 2009 7:31pm Jul 4, 2009 7:31pm
Hey Guys and Gals. I am sorry I am not keeping up with this thread. I am constantly at the hospital with my Son. I wish I could stay with it, but I can not. Another Moderator would help immensly.

Ne
  • #72
  • Jul 5, 2009 1:19am Jul 5, 2009 1:19am
I use similar system to this, Actually developed by Phillip Nel.

Something doesnot seem right here and that is it appairs you are getting a very high percentage win to loss ratio.

Can you post a shot of your full account please?

I would also like to point out its very easy to make higher risk trading decissions on a small account.

I watch with interest.
  • #73
  • Jul 5, 2009 11:14am Jul 5, 2009 11:14am
Hope Nene's son is getting well soon and coming back to the thread.
  • #74
  • Last Post: Feb 8, 2011 4:28am Feb 8, 2011 4:28am
Quoting MyaNyx
Hope Nene's son is getting well soon and coming back to the thread.
Are you still on this thread Nene.
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