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Trendman scalping system

  • #41
  • Oct 8, 2009 2:18am Oct 8, 2009 2:18am
Quoting ab1
Morning Trendman

Ok guys so everything is looking good to go Long on the EURUSD , just waiting for Macd to go above zero on M5 and we can start scalping .?

ab1
I see EURUSD being way overbought, might want to wait for a retrace first as well, then enter on the retracement if all indication still confirms.
  • #42
  • Oct 8, 2009 2:19am Oct 8, 2009 2:19am
Quoting ab1
Morning Trendman

Ok guys so everything is looking good to go Long on the EURUSD , just waiting for Macd to go above zero on M5 and we can start scalping .?

ab1
My man is back..

Hope you'll have a good day.
Always follow PA along with the indicators.
Any question please ask
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  • #43
  • Oct 8, 2009 2:27am Oct 8, 2009 2:27am
Quoting trendman
My man is back..

Hope you'll have a good day.
Always follow PA along with the indicators.
Any question please ask
Hope your well today,

This was so awesomw last night I was explaining to my wife about you and this system and I was so calling the moves as they happened. With conflicting Macd's the prices almost always went and then made a sharp reversal a few pips later....good stuff, I wish all of you today many pips, lets talk about our trades, good or bad and learn from them.

Oh by the way Trendman Im from London too.

Cheers


ab1
  • #44
  • Oct 8, 2009 2:29am Oct 8, 2009 2:29am
Quoting ab1
Hope your well today,

This was so awesomw last night I was explaining to my wife about you and this system and I was so calling the moves as they happened. With conflicting Macd's the prices almost always went and then made a sharp reversal a few pips later....good stuff, I wish all of you today many pips, lets talk about our trades, good or bad and learn from them.

Oh by the way Trendman Im from London too.

Cheers


ab1
Cool,mate!!!
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  • #45
  • Oct 8, 2009 2:34am Oct 8, 2009 2:34am
Be careful with 5 min chart EUR/USD.Although macd is showing strength but 62 ema is not above 57sma ,so I'm staying out
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  • #46
  • Oct 8, 2009 2:37am Oct 8, 2009 2:37am
In the last two hours we made 64 pips with THV but Mr. trendman was so kind to present his "improvements" in my thread.

happy trading with this method.

Trendman, don't try to hitch hike a thread again with your crap please.

Quoting Nobitacu
So far for the past 2 hours, still no EURUSD trade to confirm yet. ....
  • #47
  • Oct 8, 2009 2:42am Oct 8, 2009 2:42am
[quote=trendman;3128279]Be careful with 5 min chart EUR/USD.Although macd is showing strength but 62 ema is not above 57sma ,so I'm staying out[


Macd's both short , but weak, M5 20 emas above 57 & 62 and OBV up, conflicting still, maybe a retrace?
  • #48
  • Oct 8, 2009 2:42am Oct 8, 2009 2:42am
Quoting cobraforex
In the last two hours we made 64 pips with THV but Mr. trendman was so kind to present his "improvements" in my thread.

happy trading with this method.

Trendman, don't try to hitch hike a thread again with your crap please.
Thanks for that Cobra,you stay well,my friend,oh by the way I will not block you to write your comments on this thread but you've already blocked,showed your true professional face, you old git!!!!
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  • #49
  • Oct 8, 2009 2:47am Oct 8, 2009 2:47am
Quoting trendman
Thanks for that Cobra,you stay well,my friend,oh by the way I will not block you to write your comments on this thread but you've already blocked,showed your true professional face, you old git!!!!
I dont know lets just get on with the trading guys, if it works for you then great....I dont know what everyones getting so touchy about...its not like your stealing paying customers away...you have both been kind enough to pass on your wisdom.....anyway forget all that lets trade.

So Trendman tell us when your in and why...charts still show conflict ...right ?
  • #50
  • Oct 8, 2009 2:53am Oct 8, 2009 2:53am
Quoting ab1
I dont know lets just get on with the trading guys, if it works for you then great....I dont know what everyones getting so touchy about...its not like your stealing paying customers away...you have both been kind enough to pass on your wisdom.....anyway forget all that lets trade.

So Trendman tell us when your in and why...charts still show conflict ...right ?
Right,I'm just following the PA.
I'm trading with real money here so I have to be very comfortable with my decision.
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  • #51
  • Oct 8, 2009 3:01am Oct 8, 2009 3:01am
Quoting trendman
Right,I'm just following the PA.
I'm trading with real money here so I have to be very comfortable with my decision.
Well for me everything is definately pointing to an upward move.

On M5 all the EMA & SMA are in the right order for up and well above the 200.

For me were just waiting for the Macd's to agree. OBV is down currently but still above 70.
  • #52
  • Oct 8, 2009 3:03am Oct 8, 2009 3:03am
Hi trendman, like your system and thanks for posting.
Just wondering how and when do you decide to take profit with this scalping system?
Many thanks.
  • #53
  • Oct 8, 2009 3:10am Oct 8, 2009 3:10am
Quoting pipsgalore
Hi trendman, like your system and thanks for posting.
Just wondering how and when do you decide to take profit with this scalping system?
Many thanks.

My daily target is 50 pips,when I reach my target I leave my desk.That is it, I usually come out when I reach 10-15 pips per trade
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  • #54
  • Oct 8, 2009 3:10am Oct 8, 2009 3:10am
Quoting trendman
Well, I'm revealing all my trading secrets,I hope everyone does the same thing ,too.

ANOTHER GREAT TOOL ,NOT FOR TRADE TAKING ,ONLY FOR GUIDANCE.
PLEASE ATTACH ON BALANCE VOLUME INDICATOR ON 5 MIN CHART,BUT DO THIS ON A DIFFERENT CHART AND MAKE THE INDICATOR BIGGER SO THAT CHART CAN'T BE SEEN,ADD RSI ON THIS INDICATOR BUT MAKE THE RSI COLOURLESS BUT ADD ON RSI LEVELS 70,50,30 LINES.
NOW WATCH OBV ACTION ON 5 MIN CHART,ALSO THIS WILL GIVE YOU A GOOD INDICATION ABOUT THE TREND, IT'S A VERY VERY GOOD TOOL.
hope you can explain how to use this tool as a guidance
  • #55
  • Oct 8, 2009 3:16am Oct 8, 2009 3:16am
Trendman

Do you think that this currency meter (top right) I have attached to the OBV may be of any use to you.

I wont post it up ...its your thread, Unless you give it the OK.

Its pretty self explanitory, it tells you which currency is being bought the most...so the possibility is that you just pick the stongest .v. the weakest and apply your scalping system, trade until you see action on other pairs.

You can clearly see currently that the EURUSD is about even. You are looking for 2:1 ratio at least.

What do you think?

Attached Image (click to enlarge)
Click to Enlarge Name: ab trendman m5.jpg Size: 58 KB



Cheers
  • #56
  • Oct 8, 2009 3:19am Oct 8, 2009 3:19am
Quoting ab1
Trendman

Do you think that this currency meter (top right) I have attached to the OBV may be of any use to you.

I wont post it up ...its your thread, Unless you give it the OK.

Its pretty self explanitory, it tells you which currency is being bought the most...so the possibility is that you just pick the stongest .v. the weakest and apply your scalping system, trade until you see action on other pairs.

You can clearly see currently that the EURUSD is about even. You are looking for 2:1 ratio at least.

What do you think?





Attachment


Cheers...
sure man,just post what ever you want,it's not only my thread
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  • #57
  • Oct 8, 2009 3:23am Oct 8, 2009 3:23am
Quoting ab1
Well for me everything is definately pointing to an upward move.

On M5 all the EMA & SMA are in the right order for up and well above the 200.

For me were just waiting for the Macd's to agree. OBV is down currently but still above 70.
However, the EMA on 5 Min is still not lined up correctly for a Long to enter. As trendman has said earlier, the 62 needs to be above the 57 first before long can be considered (it's almost there, moving up slowly). So longs are still a no go as of right now. It takes a bit of time to get the right setup all lined up I suppose.
  • #58
  • Oct 8, 2009 3:27am Oct 8, 2009 3:27am
As I said it shows you what the market is buying. It also gives you confidence during a trade if you see the currency you bought or sold going in your favour against the opposite pair.

It may or may not help ? But be interested in anyones comments
Attached File(s)
File Type: ex4 Currency Meter.ex4   12 KB | 640 downloads
  • #59
  • Oct 8, 2009 3:28am Oct 8, 2009 3:28am
Quoting Nobitacu
However, the EMA on 5 Min is still not lined up correctly for a Long to enter. As trendman has said earlier, the 62 needs to be above the 57 first before long can be considered (it's almost there, moving up slowly). So longs are still a no go as of right now. It takes a bit of time to get the right setup all lined up I suppose.
My friend

As I've said I look after my family with this job, no joke for me, so I can't take trades every 5 minutes,I can't,so you got to have patience ,
read this:
Patience is a virtue because it makes us better people. The definition of the word is to tolerate delay. This implies self control and forbearance as opposed to wanting what we want when we want it. How many times have we jumped the gun and found out it would have been better to tolerate delay or had self control? What did we miss out on? Did we hurt someone we love because of lack of patience? Having patience will heal the wounds and it will work itself out fine. Patience is not only a virtue but a necessity for a happy existence.
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  • #60
  • Oct 8, 2009 3:32am Oct 8, 2009 3:32am
Quoting trendman
My friend

As I've said I look after my family with this job, no joke for me, so I can't take trades every 5 minutes,I can't,so you got to have patience ,
read this:
Patience is a virtue because it makes us better people. The definition of the word is to tolerate delay. This implies self control and forbearance as opposed to wanting what we want when we want it. How many times have we jumped the gun and found out it would have been better to tolerate delay or had self control? What did we miss out on? Did we hurt someone we love because of lack...
Yup, and patience is something I do have in my trading. I usually would wait 4-5 hours just to get one good setup trading the fibo, so don't worry about that. =) Just wanted to make sure ab1 didn't get those 2 MA lines messed up as to which are suppose to be above the other for longs and shorts. It sounded like to me he thought the 57 above the 62 is long, as he mentioned all MA lines are lined up for long, which isn't the case as the 62 is a ema, and 57 is a sma, so it's actually the opposite.
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