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Trendman scalping system

  • #241
  • Oct 12, 2009 4:50am Oct 12, 2009 4:50am
Trendman, thank you for sharing this great system. It's powerful and profitable.
I am very interested in it.

Happy trading
  • #242
  • Oct 12, 2009 5:19am Oct 12, 2009 5:19am
Quoting arkoss
Trendman, thank you for sharing this great system. It's powerful and profitable.
I am very interested in it.

Happy trading
I'm very happy to hear that.

Good luck and have lots of pips
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  • #243
  • Oct 12, 2009 6:02am Oct 12, 2009 6:02am
Trendman just to let you know the template i've got for the 5min from post 1 has got 20 ema, 62 ema but then the 57ma is an SMA instead of an EMA, is this a mistake?

Dont quite see how the MA's will stack properly, i thought something was wrong just by looking at the MA's as the black one (57 sma) seems to be lagging and although the trend on EU is up at the moment, the ma's are stacked incorrectly

Should this be changed to a 57 EMA instead of the SMA? Many thanks
  • #244
  • Oct 12, 2009 6:06am Oct 12, 2009 6:06am
Quoting WilteredFire
Trendman just to let you know the template i've got for the 5min from post 1 has got 20 ema, 62 ema but then the 57ma is an SMA instead of an EMA, is this a mistake?

Dont quite see how the MA's will stack properly, i thought something was wrong just by looking at the MA's as the black one (57 sma) seems to be lagging and although the trend on EU is up at the moment, the ma's are stacked incorrectly

Should this be changed to a 57 EMA instead of the SMA? Many thanks
57 IS SMA (CLOSE)
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  • #245
  • Oct 12, 2009 6:29am Oct 12, 2009 6:29am
Thanks for clarifying
  • #246
  • Oct 12, 2009 6:46am Oct 12, 2009 6:46am
Caution with any long trades
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  • #247
  • Oct 12, 2009 7:11am Oct 12, 2009 7:11am
Great new thread on scalping system. Thanks trendman. I'm currently learning this system and hopefully soon I will use it for live account. Maybe as soon as this Wednesday.

The market is very slow today. maybe because US, Canada and Japanese markets were closed for bank holiday. Lets hope tomorrow brings us some good pips.
  • #248
  • Oct 12, 2009 7:22am Oct 12, 2009 7:22am
when there is low volatility as all the other systems fail ,this system indicators might fail,so it's something you have to always bare in mind
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  • #249
  • Oct 12, 2009 8:43am Oct 12, 2009 8:43am
not following the trend, OBV is not rising along with the price,so be cautious!
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  • #250
  • Oct 12, 2009 8:57am Oct 12, 2009 8:57am
Trendman,

Please post a pic of your chart showing your OBV/RSI setup that you speak of in post #1.

Thanks,
revrobwimb
  • #251
  • Oct 12, 2009 9:05am Oct 12, 2009 9:05am
Hello Trend man
I am pleased with your system, even though we cannot follow all the rules all the time, but the system gives a very good indication about what is required to trade properly.
1. Trend direction
2. Momentum

I use your
i) EMA/SMA for overall trend on the currency (20/62/57) to gauge long term up or down strength
ii) 5 mins trix or 5 mins macd for direction depending on what ever gives me the confidence to know the short term trend.
iii) 1 min trix and macd for momentum and I enter in the direction when there is a cross up (MAKE sure there is a cross up on 1 min otherwise sometimes we get fooled by these moves).

Thanks trendman for your great system , Made 80 pips on pound today scalping.
  • #252
  • Oct 12, 2009 9:05am Oct 12, 2009 9:05am
new high for obv,it's good signal

I just wanted add on 5min , 62 is still below 57 ,that really worries me
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  • #253
  • Oct 12, 2009 9:07am Oct 12, 2009 9:07am
Quoting adler
Hello Trend man
I am pleased with your system, even though we cannot follow all the rules all the time, but the system gives a very good indication about what is required to trade properly.
1. Trend direction
2. Momentum

I use your
i)...
fantastic , I'm very pleased, keep it up

Please everyone, in order to improve the system we really need your comments ,how the system reacts on different pairs etc.
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  • #254
  • Oct 12, 2009 9:25am Oct 12, 2009 9:25am
Trendman,

Please answer post#250 when you have time.

Thanks,
revrobwimb
  • #255
  • Oct 12, 2009 9:30am Oct 12, 2009 9:30am
Quoting revrobwimb
Trendman,

Please answer post#250 when you have time.

Thanks,
revrobwimb
here you go
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 125 KB
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  • #256
  • Oct 12, 2009 9:32am Oct 12, 2009 9:32am
Quoting trendman
here you go
thanks.
  • #257
  • Oct 12, 2009 9:57am Oct 12, 2009 9:57am
Surprisingly, on this monday holiday we are some seeing some considerable momentum northward.

This is especially odd considering that on the 5m, 62 has dropped below the 57 a good while back.

Interesting to say the least.

revrobwimb
  • #258
  • Oct 12, 2009 10:00am Oct 12, 2009 10:00am
Quoting revrobwimb
Surprisingly, on this monday holiday we are some seeing some considerable momentum northward.

This is especially odd considering that on the 5m, 62 has dropped below the 57 a good while back.

Interesting to say the least.

revrobwimb
I've been watching the movement last couple of hours,may be I'm wrong but I'm sticking with my rules
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  • #259
  • Oct 12, 2009 11:00am Oct 12, 2009 11:00am
Holiday ??!!

NYSE is functioning normally, this upswing of the EURUSD was to be expected, as the DJIA stepped up since opening this morning.
  • #260
  • Oct 12, 2009 11:05am Oct 12, 2009 11:05am
Quoting adler
Hello Trend man
I am pleased with your system, even though we cannot follow all the rules all the time, but the system gives a very good indication about what is required to trade properly.
1. Trend direction
2. Momentum

I use your
i) EMA/SMA for overall trend on the currency (20/62/57) to gauge long term up or down strength
ii) 5 mins trix or 5 mins macd for direction depending on what ever gives me the confidence to know the short term trend.
iii) 1 min trix and macd for momentum and I enter in the direction when there is a cross up (MAKE...
Dear all,

thanks for all the info all these while, it had been great help. Can i check what is the value on the TRIX?

thanks
Cap
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