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Trendman scalping system

  • #421
  • Oct 16, 2009 2:45pm Oct 16, 2009 2:45pm
has anyone had a good day with the system, we would like to hear your results also your comments bad /good?

Many thanks
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  • #422
  • Oct 17, 2009 2:40am Oct 17, 2009 2:40am
Yup! managed to get some pips. can't wait for monday to come!

lol
Cap
  • #423
  • Oct 17, 2009 4:09am Oct 17, 2009 4:09am
I managed to get some pips bagged as well, thank you trendman

But when you take a trade when do you close it out? I think sometimes a candle in the 1TF goes the other way, people panic and if they had held on they would've got alot more? Is there something that you do to over come this?

Also, please could you tell us for Friday (16th) how many trade you took, there times and number of pips, please? This would really people like me starting to learn your system

Thank you.
  • #424
  • Edited 10:42am Oct 17, 2009 10:13am | Edited 10:42am
I am very emotional and unless I have very strong rules, it is hard for me to trade. So I am trying to write down your rules to make it as much mechanical as possible. Plz cna you confirm whether is this the way you trade.

This is what I understand for a BUY
1. 5 mins chart for buy 62 sma should be above 57 ema and 20 ema should cross 62 ema to get into a trade
2. Same structure as 5 mins should be 1 mins( 62sma should be above 57 ema and 20 ema should cross 62 sma)
3. 1 min char 10 ema should be be above 30 emas
4. 1 min trix should be up
5. 1 min macd should be up
6. 5 min macd and trix should be up

This is what I understand for a SELL
1. 5 mins chart for sell 62 sma should be below 57 ema and 20 ema should cross 62 ema to get into a trade
2. Same structure as 5 mins should be 1 mins( 62sma should be below 57 ema and 20 ema should cross 62 sma)
3. 1 min char 10 ema should be be below 30 emas
4. 1 min trix should be down
5. 1 min macd should be down
6. 5 min macd and trix should be down


As you can see you have 6 trade condistions for taking a buy or sell
In 5 mins EMAs MACD and TRIX and in 1 mins EMAs MACD and TRIX
So can you tell me what is the order of priority what is more important for you to even start looking for a trade trend trade?
(1.EMA 5 mins (2) EMA 1 mins (3) MACD 4 trix
or
(1) MACD 5 mins (2) EMA 5 mins4
I am sure it is very hard to get all 6 correct all the time., As you can see you have 6*5 = 30 combinatins possible events possible. i have just given a example above using (1) and (2) from your experience in your system , plz plz can you tell me what is the most important set ups like 1 , 2 , 3. So that I can give importance for that and not trade when anything else happens.

Also what are the things you would look for interms of order of preference for a counter trend trade?
1 2 3?


A question:
When in 5 mins according to emas it is uptrend will you ever take short trades when 1 mins 10 emas go below 30 emas because of trix or macd of 5 mins? I am trying to figure out he best set ups so i can take only those set ups
  • #425
  • Oct 17, 2009 1:33pm Oct 17, 2009 1:33pm
Quoting cspip
I managed to get some pips bagged as well, thank you trendman

But when you take a trade when do you close it out? I think sometimes a candle in the 1TF goes the other way, people panic and if they had held on they would've got alot more? Is there something that you do to over come this?

Also, please could you tell us for Friday (16th) how many trade you took, there times and number of pips, please? This would really people like me starting to learn your system

Thank you.
When I take a trade I cloase in between 10-15 pips,that is it, maximum 15 pips.

I only took only one trade on Friday as it was my day off, whenever I reach my weekly target midweek or beginning I don't trade the other days, that is my rulee.
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  • #426
  • Oct 17, 2009 1:42pm Oct 17, 2009 1:42pm
Quoting adler
I am very emotional and unless I have very strong rules, it is hard for me to trade. So I am trying to write down your rules to make it as much mechanical as possible. Plz cna you confirm whether is this the way you trade.

This is what I understand for a BUY
1. 5...
First of all 5 min chart is there to give you guidance, if price is above all the ma or even 20ema crosses 57 ,based on your 5 min chart ,you can go long looking at 1 min chart again 10 ema and 30 ema crossing.
Same rules for going short

I usually 95% follow 1 min chart and switch to 5 min and according to trend direction I take my poisition , again macds are there on for both charts when to enter the trade along with trix indicators.
I know a lot of combinations but please give this system at least a week ,once you get use to it ,you'll flow with it.

I've always looked for a safe scalping system because you're risking money here and believe all the systems I tried I've lost ... a lot.
This is the system for me.. safest one that I can risk my money,even If I loose than I say myself "you've made a mistake not the system" you know what I mean...
Keep asking question ,I'm happy to answer them
Thanks
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  • #427
  • Oct 17, 2009 1:56pm Oct 17, 2009 1:56pm
Sorry trend man a bit of confusion:
here you say you use 5 mins to get the trend and next para you say, you use 95% of time on 1 min.
So if I understand you take a buy/sell trade 95% of time on 1 min if trix and macd moving up from negative to positive on 1 min when
5 ,mins emas are showing up/down trend properly?
Now in this scenario when 5 mins is not showing a clear trend, 62sma above 57ema but 20 ema is not above but price movig upwill you ever take a trade on buyif 1mins PA is above 30emas (another doubt sdome times 10 ema is not above all 30s but PA above 30)

I know this system works but I am still not disvciplined as I am trying to remove as much of subjectivity as possible
are you in skype/messener plz send your id as a private message. I would really appreciate this, As i wasted llot of money and time on this business and I really
appreciate some kindance from you. I live in london as well.
  • #428
  • Oct 17, 2009 2:02pm Oct 17, 2009 2:02pm
Quoting adler
Sorry trend man a bit of confusion:
here you say you use 5 mins to get the trend and next para you say, you use 95% of time on 1 min.
So if I understand you take a buy/sell trade 95% of time on 1 min if trix and macd moving up from negative to positive on 1 min when
5 ,mins emas are showing up/down trend properly?
Now in this scenario when 5 mins is not showing a clear trend, 62sma above 57ema but 20 ema is not above but price movig upwill you ever take a trade on buyif 1mins PA is above 30emas (another doubt sdome times 10 ema is not above all...
Before I say something go to post 407 and look at the chart and see how I took the trade
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  • #429
  • Oct 17, 2009 2:07pm Oct 17, 2009 2:07pm
Quoting adler
Sorry trend man a bit of confusion:
here you say you use 5 mins to get the trend and next para you say, you use 95% of time on 1 min.
So if I understand you take a buy/sell trade 95% of time on 1 min if trix and macd moving up from negative to positive on 1 min when
5 ,mins emas are showing up/down trend properly?
Now in this scenario when 5 mins is not showing a clear trend, 62sma above 57ema but 20 ema is not above but price movig upwill you ever take a trade on buyif 1mins PA is above 30emas (another doubt sdome times 10 ema is not above all...
You give me your skype name and I add you to my contacts
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  • #430
  • Edited Oct 18, 2009 3:27am Oct 17, 2009 2:47pm | Edited Oct 18, 2009 3:27am
thanks thasts my skype id are you online now?
  • #431
  • Oct 18, 2009 12:13pm Oct 18, 2009 12:13pm
Trendman,

If the 5 min macd and trix are say cross down for short, and then 10ema crosses 30ema on the 1min and you take the trade.....the 1 min then goes up for a short while......would you take another short on the 1min when if the 1min trix and macd are down and 5min macd/trix has been down all that time?
  • #432
  • Oct 18, 2009 1:04pm Oct 18, 2009 1:04pm
Quoting cspip
Trendman,

If the 5 min macd and trix are say cross down for short, and then 10ema crosses 30ema on the 1min and you take the trade.....the 1 min then goes up for a short while......would you take another short on the 1min when if the 1min trix and macd are down and 5min macd/trix has been down all that time?
I don't take that trade, wait for the price to settle and than take an action,if the price has already made a move ,don't jump in it
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  • #433
  • Oct 18, 2009 1:19pm Oct 18, 2009 1:19pm
Pardon me if i am wrong, but I have made some pips (average 5-10pips per trade, sometimes double contract).

Normally, I will wait for the price action (PA) to hit the 10ema on the 1M, after the pull back to the 30ma. Then I will buy/sell on the next candle stick.

from what i can see, though it might make me lose out in some little pips, however, it is a more confirmed trade.

to me, i am only looking at 20-30 pips per day. it is the type of contract you buy, either a mini for a standard.

just my 5 cents worth.
thank
Cap
  • #434
  • Edited 1:44pm Oct 18, 2009 1:28pm | Edited 1:44pm
Quoting trendman
I don't take that trade, wait for the price to settle and than take an action,if the price has already made a move ,don't jump in it
So you would take one trade and wouldn't re-enter again if there is a setup on the 1min charts sometime later (all the while 5min chart is agreeing) ?

I'm asking cuz sometimes 5min macd stays in one direction for a couple of hours and 1min setups are coming on and off....
  • #435
  • Oct 18, 2009 2:26pm Oct 18, 2009 2:26pm
Quoting cspip
So you would take one trade and wouldn't re-enter again if there is a setup on the 1min charts sometime later (all the while 5min chart is agreeing) ?

I'm asking cuz sometimes 5min macd stays in one direction for a couple of hours and 1min setups are coming on and off....
I never stay in the trend even if 5 min shows everything positive for the rise, I take my profit if I'm satisfies with it, that is max 15 pips
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  • #436
  • Oct 18, 2009 7:49pm Oct 18, 2009 7:49pm
Quoting trendman
Here we go,another example ,quick 5 pips taken
Trendman,

In your post 309 on page 13, you said you took a quick 5 pips short, but on the chart you put up the 5min 62 was still over the 57? Meaning you should be only looking to go long, right?
  • #437
  • Oct 19, 2009 4:36am Oct 19, 2009 4:36am
abig move is about to happen, careful
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  • #438
  • Oct 19, 2009 5:02am Oct 19, 2009 5:02am
Quoting trendman
abig move is about to happen, careful
Yeah you was right TrendMan i take a long at 4938 and take profit at 4949 with 11 pips as is the sweet spot 50 !

Luk
  • #439
  • Oct 19, 2009 5:12am Oct 19, 2009 5:12am
Quoting PipsRider
Yeah you was right TrendMan i take a long at 4938 and take profit at 4949 with 11 pips as is the sweet spot 50 !

Luk

The trend short lived and I feel we might see a big downturn,lets see
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  • #440
  • Oct 19, 2009 5:16am Oct 19, 2009 5:16am
main point to follow 1.4934
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