Trendman scalping system

Hi Everyone

Yet another scalping system ,I'm not going to waste anyones time with saying "I'm doing soooo good with this system"

so here are the rules and chart setup

Trade only on 1 mi chart;

1 min chart setup ,please see attach tpl

Also please see 5 min chart tpl attached

On 1 min chart if 10ema crosses over upward or downwards 30 ema high-low
you go short or long
You need to follow on 1 min chart macd and THV TRIX also on 5 min chart follow macd and moving avareges.
This system is only for scalping not for long term trades


additional rules:

going short or long on 1 min chart:

The best format to go short or long is:On 1 min chart if macd turns positove or negative wait for pull back for PA to 30 ema (high or low) and at the same time watch 5 min TRIX,if 5 min TRIX about to cross (down or up) you take your positon.I have attached 2-3 charts showing that have a look at them.

SHORT TERM TREND CHANGES(long or short)
During down trend if 62 goes above 57 ,there will be a trend change or PA is going into a ranging position
During up trend if 62 goes below 57 sma ,there will be a trend change or PA is going into a ranging position.

You got to use both two 1 min chart to take your trade position.For 30 ema chart the rules are the same ,the second 1 min chart with 20,62 and 57 sma is for to identify the trend.




TREND CHANGES FOR LONG TERM:
IF ON 5 MIN CHART 62 EMA GOES BELOW OR ABOVE 57 SMA THAT MEANS TREND MIGHT BE SLOWING OR WILL CHANGE DIRECTION.
IF THAT HAPPENS THAN LOOK 20 EMA ACTION IF 20 EMA CROSS OVER OR ABOVE 1ST 57 SMA THAN LOOK FOR GOOD ENTRY POINTS,AGAIN EITHER SHORT OR LONG.THIS IS VERY IMPORTANT, FOR TREND CHANGES 20 EMA MUST CROSS OVER OR ABOVE 1ST 57 SMA,IN SOME CASES IF 20 EMA CROSSOVER 62 EMA THAT MEANS THE TREND WILL BE SHORT LIVED.

ADDITIONAL INDICATOR:
OPEN ANOTHER 5 MIN CHART ,ADD OBV INDICATOR,ON OBV INDICATOR ADD RSI ,MAKE RSI LINE COLOURLES BUT ADD LEVELS 30,50 AND 70 , KEEP OBV ALWAYS IN BIGGER SCALE (SO THE CHART WON'T BE NEEDED) WE NEED TO HAVE OBV IN BIGGER SCALE SO THAT TREND DIRECTION CAN BE FOLLOWED,IF PRICE GOES UP OR DOWN, OBV MUST FOLLOW THE PA ,OTHERWISE FALSE PRICE ACTION.


UPDATE:

ADD SMC4 SCALPER ON YOUR 5 MIN CHART, NOW THIS SIGNAL ALSO WORKS LIKE, IF YOU SEE ON 1 MIN CHART MACD TURNS POSITIVE OR NEGATIVE LOOK AT YOUR 5 MIN CHART AND IF YOU SEE SMC4 SCALPER ARROWS DOWN OR UP ,LOOK AGAING FOR TRADING OPTIONS, ALWAYS STICK WITH BASIC RULES,THIS INDICATOR WORKS FINE SO FAR WITH THE SYSTEM, LET ME KNOW YOUR THOUGHTS, ALWAYS FOLLOW MACD,ALWAYS, NOT THE ARROWS, OKAY!!!!

ADDITIONAL UPDATE:THE BASIC RULES ARE STAYING AS THEY'RE BUT WE'RE ADDING ONE INDICATOR CALLED VOLTY CHANNEL ON 1 MIN CHART

PLEASE ADD 1 MIN CHART VOLT CHANNEL WITH DEFAULT SETTINGS,ALSO ADD AGAIN 2 MORE VOLTY CHANNELS ON 1 MIN CHART MA LENGHT 100 AND 200(MAKE THE COLOURS OF THESE BLUE DEFAULT COLOUR CHANGE IT TO LIME AND RED DEFAULT COLOUR CHANGE IT TO BLACK
RULES FOR VOLTY CHANNEL:

ON 1 MIN CHART AS YOU KNOW WE'RE WAITING FOR MACD TO TURN POSITIVE OR NEGATIVE ,NOW ,FOR VOLTY CHANNEL (DEFAULT VERSION)YOU MUST WAIT FOR THE BLUE OR RED TO APPEAR BEFORE MACD TURNS POSITIVE/30,10 EMA CROSS,IF MACD TURNS POSITIVE/NEGATIVE BEFORE THE DOTS(RED/BLUE)APPEAR, STAY AWAY FROM THE TREND AND WATCH THE PA ,BUT IF DOTS APPEAR BEFORE MACD AND 30,10 CROSSES ,GET READY TO JUMP IN, AS I'VE SAID OUR BASIC ABIVE RULES STILL THERE, DO NOT SCRAP THEM.

100,200 VOLTY ,FOR THESE ESPECAILLY 200 VOLTY CHANNEL WHENEVER DOT APPEAR AGAIN NEGATIVE /POSITIVE DRAW YOUR HORIZANTO LINE, NOW 8 OF 10 THE RPICE SHOULD COME BACK TO THAT LINE BEFORE IT JUMPS BACK UP, TEST IT,YOU'LL BE VERY HAPPY WITH THE ACTION.100 VOLTY IS THERE TO SHOW US WHETHER THE TREND IS POSITIVE OR NEGATIVE.
PLEASE UPDATE YOUR SYSTEM AND LET ME KNOW YOUR RESULTS, WE'RE GETTING LAST 2-3 WEEKS PERFECT RESULTS,BUT STICK WITH THE RULES AND DO NOT OVER TRADE.
THIS IS A SCALPING SYSTEM ,DO NOT FORGET.


FOR MORE INFO ,PLEASE VISIT MY WEBSITE.
JUST GOOGLE TRENDMAN AND MY SITE WILL COME UP.

Can you Please post an image and what you have explained. I'm very interested in this scalping technique. Thanks for your contribution...

Wow man some people are so touchy...that guy from the other thread....lol

I'm very touchy man..))

I have a big respect for COBRA .

One of the most importat rule is as soon as the 10 cuts through both 30emas
I always wait for a pull back , this way I confirm the down or upwadr trend

Also always follow 5 min chart macd and ma, these are very important,if there is a divergence between 1 min and 5 min chart such as on 1 min macd is negative but 5 min macd is positive ,my advise stay away.

Give yourself a couple of days for confidence ,it's pretty good system.


SORRY I FORGOT, MACD SETUP IS 20,62,57, APPLY THIS ON BOTH 1 MIN AND 5 MIN

Yeah so do I he's helped me a lot with forex questions, but that wasnt COBRA.

But ok lets talk about your system...... it looks very good.

Thanks,mate

I hope it'll help you make more pips than a loss.

now watch 1 min chart eur/usd

it's up but macd 5 min bars are very weak for me it's a risky trade to take

Im very excited about your system because when I 1st started in forex, I followed MA systems, but sort of got lost along the way a bit with the bombardment of every system on planet earth.

So this looks just what I need...its simple and we only need to concentrate on one pair to start with. If I can make 50 to 100 pips a day that will be awesome.

Thanks for oppertunity to try it

I took this one but now can see also the 57 is below 62, I hope this turns in my favour , the trix is going the right way on M5, the M5 macd is weks but its up.

How high do you like to see it....what twice what it is now ?

I'm awaiting for short signal here

I'm off guys

Very interesting, I have a similar chart, I use the Sonic 34 channel, an 8 lwma for the cross, and the t@h THV coral. Other indys are the BW Awesome Oscillator and a CCI. I also watch a Daryl Guppy(rainbow, MA's) 5m, 15m, and 30m to see the trend. I added a 200 ema and the fractals to check out after coming across your thread. Will keep an eye on this


cheers

trendman can you tell us something about the result how long have you been trading this and how high hit rate and also on average how many pips a week ?

best regards

My Friend

I'm scalper ,approaching my 7th year trading.This is my job and looks after my family.
Daily I get 50 pips,that is my target ,that is it.As soon as I reach that I leave my trading desk.
This is the only system I've been using last 2-3 years,I have tried everything like you guys but all the systems are so complicated and there is no constant success,whoever says I make this and that don't believe .
Trade with discipline.
I won't say anything about this system to persuade you how good it's ,just try and master it.
I hope you'll like it.

Hi Mate

yes you were total correct with that trade earlier, as you predicted with the weak macd signal on the M5 it reversed. Lost but good lesson though.....

Do you have prefered trading hours, what session do you like this on? I assume London /NY cross over with EURUSD pair ?

Well,always LONDON/NY session is the one you should trade and also very early hours of London time which is about 6am gmt,by the way I'm from London.

HI Trendman:
The 5m chart seems identical to your other thread. I do like this system. Thanks for helping so many people learn.
Steve

Hello Trendman, came over to this thread now so we can actually talk about trading your system. I'll be sticking with this for awhile, and see if I can start getting a hang of this soon.

On the 5 Min chart, so the only thing you really look at is the MACD? Or to enter a trade on the 1 Min, does the Trix also need to be in the same direction? What about all the MA lines on the M5? What are they for? Do you also look at crosses for those MAs? or don't use them?

Also... Let me confirm how this works...

So let's say the 10 crossed down on both 30, to enter short, we have to make sure both MACD on 1 min and 5 min are also negative (below 0.00), and both are not weak. We also have to look at Trix on both M1 and M5 to make sure they are crossed down (does both lines on trix also need to be red to enter?).

On the 5 Min chart, we also need to look at the MA lines on the chart, but what are we looking for there? To short, do we need to make sure that the 62 EMA is also crossed below the 57 SMA and that the price is below the 20 EMA (or do price just need to be above or below all the MA lines?)? However, watch out for the 200 to make sure price is not too close above it, otherwise, don't enter until price breaks below the 200 EMA line. Do I have it correct on how to trade your system? If not, please do correct me as I'm trying to make sure I'm trading this the correct way.

I'm just trying to figure out just want is all you look for before entering a trade.

Thanks once again for all the help.

Hello trendman
Just a doubt, do you use this system or the other one, which is with 57 sma and 62 ema?