Price Action Scalping

Risflex, alias Walander, alias A..H..
Thanks for falls accusation.

Are you programmer?
I don't think so. Scalping on indicators is useless, it is to late.
What I said, EA is working on price movement-trend, gaps, etc.
What I can tell you more. I will not publish EA here and next day you will sell on ebay. That happened to me few years ago with MT3. Sorry.
How many EA's you are posted here?

Go find somebody else to bother...you are certainly not making a contribution here.
Cheers
CanuckCT

Your 4388 posts looking impresive...

This guy is on my ignore list...I believe that will prevent him from posting on this thread. Just a lot of useless commentary as best I can tell.
Cheers
CanuckCT

So now that I've been back at my trading is a serious way...I though I'd share what I'm looking at and why....I've settled back to what is comfortable for me....after trying a few variations of basically the same setup for m5.

It's not really complicated stuff....am trying to read the price action from H4 and H1 and let that drive the trading decision. Then I use M5 for an entry.

Each pair has the identical 3 charts.

So I'll glance accross several pairs every 4 hours and maybe make a trade...heading into an h4 close and the first bit of a new H4 bar seems to be a time of activity. So there an hour of good trading ther, 4 times a day on a lot of days.

M5 - randy candles...see this thread for details
http://www.forexfactory.com/showthread.php?t=139153
It's my main entry screen once I've determined that I want to take a trade...but is more relavent for those 10-20 pip trades than a longer timeframe trade. The only thing I've been adding to this is a trendline or two.

H4 - Silent Service - this really helps my overall perspective of where price is in relation to major areas of support and resistance. It's a great read.
http://www.forexfactory.com/showthread.php?t=155431

H4 - Philip Nels...MACD - still a work in progress...but helps me pull the trigger on some trades where previously I might stand by and watch. It's one of the biggest threads on this forum...it's taken me over a year to come back to this tread and realize the goodness it contains.
http://www.forexfactory.com/showthread.php?t=14630
I also look for H4 divergence using the macd.

Same setup for each pair...and I'm consistently looking for the same things for a trade regardless of the pair.

It's a rehashing of what others are doing....I post it here in case there is someone who might be struggling to find something that works....and finds it here.



So it's not pure price action....but getting closer.

Cheers
CanuckCT

Stopped for +10...the second alert should say entry. Mt4 locked up in the middle of this trade....had to reboot....may have got a few more pips otherwise....

Price touched the weekly pivot and clearly made a turn...RC shines on catching the turn....especially when it's a long way from the D line (yellow MA).

Cheers
CanuckCT

Indicator free now to stay....except for a very specific RSI setup. Currently in this trade.

I am newbie here and this is my first post. Just want to give some info in case someone might not know there is a thread on this subject.

No indicators and purely price action to take the trade, see post from tony112.

http://www.forexfactory.com/showthread.php?t=156106


Central Banks & Big Players
RULES HAVE CHANGED - AGAIN !!!

SETTINGS:

- 5 SEC. CHART. SURVEILLANCE
from:8:00:00 am to 10:00:00 am NY EST TIME (NY open)and
from: 3:00:00 am to 5:00:00 am NY EST TIME (London open)

- GBP/USD, EUR/USD PAIRS ONLY

- WAIT FOR A ">8 pips 5 second candle", ENTER IN THAT DIRECTION

- STOP-LOSS is set at MAX 3 pips

- TAKE-PROFIT is set at MIN 120 pips

- Reduce STOP-LOSS to 0 pips as soon as you are +8 pips in profit

- Preferential entries: SUPPORT, RESISTANCE, PSYCHOLOGICAL LEVEL, UNTOUCHED PRICE LEVEL, AFTER NEWS ENTRIES (min 30 sec after news)

EJ was kind to me tonight.....

I need more source to learn the trendlines charts and trade with scalping strategy.

More trading with EURJPY.....mostly naked chart with Randy Candles for alerts and to visualize reversals.

Good to know these indicators ,but the more i consider about 1-2-3 breakouts, trendlines, S&R and pivots, the more i get confuse.

Mate? Do you use horizontal on your chart? Or you are interested in only trend line?