FX-50 Great Scalping System | Page 126 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

The Great 05 Level Scalping System 110 replies

1M & 5M Scalping System (Scalping Paradise) 21 replies

Blackdiamond System - Awesome scalping system (Coding Reqd) 9 replies

Average system + great discipline =great results? 44 replies

Attachments: FX-50 Great Scalping System
Exit Attachments

FX-50 Great Scalping System

  • #2,501
  • Oct 25, 2009 9:31am Oct 25, 2009 9:31am
DBZ,,,,,Excellent,,,,Clear,,, thought out short term trend trading method! I like the approach of smoothing out the spikes and chop with the yellow 9sma,,,Along with the 3 tf rsi as a filter,,,Nice work,,,Thanks for sharing!
  • #2,502
  • Oct 25, 2009 2:54pm Oct 25, 2009 2:54pm
DBZ

GRACIAS.....THANK YOU.

Your fanclub here in MX is with you, mate.
  • #2,503
  • Oct 25, 2009 4:37pm Oct 25, 2009 4:37pm
I have attached an updated Guide that includes an extra page of the most common thing to watch for with signals. From time to time I will provide updates as I add trade setups to watch for.

Thanks for the comments. I am happy to help fellow traders become successful at Forex trading.
Attached File(s)
File Type: pdf fx_trend_master_guide.pdf   146 KB | 2,258 downloads
...20% method, 80% mindset...
  • #2,504
  • Oct 26, 2009 9:08am Oct 26, 2009 9:08am
Thank you dbz it seems to work well, I will be waiting for more examples, anyway why you decided to cahnge from Ribborn to sma?
Luis
  • #2,505
  • Oct 26, 2009 10:13am Oct 26, 2009 10:13am
DBZ,,,,Thanks for the details on page 13,,,The eur/usd chopped this just like your example this morning until rolled over quite nicely...Collected 80+ ,And letting the balance ride,My stop will be cross of yellow against the green,I entered around 150.18,,,my stop would have been the yellow line crossing the red,,,kept me in the trade until the selloff!,,I can see the power of this system,,thx!!
  • #2,506
  • Oct 26, 2009 2:36pm Oct 26, 2009 2:36pm
Hello DBZ,

Nice system...Can you share the 12 pairs you're trading with this system?

Thank you very much.
  • #2,507
  • Oct 26, 2009 3:27pm Oct 26, 2009 3:27pm
Quoting jicssbr
Hello DBZ,

Nice system...Can you share the 12 pairs you're trading with this system?

Thank you very much.
No problem.

I have them grouped as they relate to one another.
EURUSD, USDJPY, EURJPY. (The eurjpy movement is the eurusd x usdjpy.)
GBPUSD, GPBJPY, EURGBP. (The gbpjpy movement is the gbpusd x usdjpy)
AUDUSD, AUDJPY, EURAUD. (The audjpy movement is the aususd x usdjpy)
USDCAD
USDCHF
NZDUSD

If you do some research on Correlation you will get an idea of which move in relation to one another. For example the EURUSD and USDCHF mostly mirror each other, and the Commodity Currencies, AUDUSD, USDCAD, NZDUSD all tend to move similarly.

By watching so many pairs it gives you a better idea of movements and you can pick the best signal out of them for the best risk/reward.

cheers.
...20% method, 80% mindset...
  • #2,508
  • Oct 26, 2009 4:02pm Oct 26, 2009 4:02pm
Ok, thanks DBZ, I know a lot about correlation and I was thinking I'd just trade a few pairs since there are a number of correlations thereby making my job a little easier. Too many trades at one time can stress me at times, especially 1M chart trades. Have you ever tested the system on longer-termed charts?

Thanks again. I appreciate your reply and the info you shared.
  • #2,509
  • Oct 26, 2009 4:32pm Oct 26, 2009 4:32pm
I looked earlier on longer time charts, just for the fun of knowing what the setup looks like, but was gone SUPER fast, on top of that, trading M1 is my favorite, so did not feel disappointed.

Let's see what the master has to say.
  • #2,510
  • Oct 26, 2009 7:20pm Oct 26, 2009 7:20pm
I have a question about MTF_RSI because in the .pdf you say that you use 5, 15 and 60 RSI and in the .tpl that you atached you use 15,13 and 60.
Another thing is that it doesn't reload, im real with IBFX it happens to anyone more?
Thanks
  • #2,511
  • Oct 26, 2009 7:49pm Oct 26, 2009 7:49pm
As per template its 15,30 and 60, shoult it be 5,15 and 60 ?
please advice.
Thanks in advance.
  • #2,512
  • Oct 26, 2009 8:01pm Oct 26, 2009 8:01pm
Quoting Pip_Doc
As per template its 15,30 and 60, shoult it be 5,15 and 60 ?
please advice.
Thanks in advance.
Sorry, it is as in the template: 15, 30, 60. I found the 5 a bit too up and down.
...20% method, 80% mindset...
  • #2,513
  • Oct 26, 2009 8:07pm Oct 26, 2009 8:07pm
I haven't tested it on longer times frames, but I cant see how it wouldn't work, especially on the 1 multiples, eg., H1 and D1 timeframes.

The only thing with using the longer timeframes is that your stop/risk will be more. On the flip side though, your reward will also be more.

H1 would be my pick. A quick look at the AUSUSD today with the template on the H1 chart, it would have worked quite well from the March 30 1440 cross.
...20% method, 80% mindset...
  • #2,514
  • Oct 26, 2009 8:51pm Oct 26, 2009 8:51pm
Sweet little SMA system you've put together here.. Provides some nice opportunities to get in on some powerful breakout trades.

The pdf. was well explained and looked nice. Only thing I found that it did not address was consolidated, choppy markets. Those can be tough on giving false signals w/ any system.

Thanks for the contribution.

revrobwimb
  • #2,515
  • Oct 26, 2009 9:58pm Oct 26, 2009 9:58pm
Quoting monomonono
I have a question about MTF_RSI because in the .pdf you say that you use 5, 15 and 60 RSI and in the .tpl that you atached you use 15,13 and 60.
Another thing is that it doesn't reload, im real with IBFX it happens to anyone more?
Thanks
Working fine here, same broker, same setup.
  • #2,516
  • Oct 27, 2009 4:55pm Oct 27, 2009 4:55pm
Quoting monomonono
I just taken this trade, I won 67 pips, I enter the trade because price entered to a no rejection zone and price wasn't strong for a while, my exit was based on noah's pigeon and the CCI divergence.
Any comments will be appreciated because I still learning.
Could you share that template, I can't seem to find that exact one.

Cheers
  • #2,517
  • Oct 27, 2009 4:57pm Oct 27, 2009 4:57pm
Quoting dbz
Yes. Use the 'MA ribbon filled.89.21' indicator with these settings:

Ribbon 1:
200
0
0
100
0
0

Ribbon 2:
720
0
0
480
0
0

Ribbon 3:
4000
0
0
1440
0
0

Color them as you like.
Which template do you use?

Cheers
  • #2,518
  • Oct 27, 2009 5:01pm Oct 27, 2009 5:01pm
I am always looking for new systems that actually work somewhat consistently, hopefully this will work
  • #2,519
  • Oct 27, 2009 10:11pm Oct 27, 2009 10:11pm
here is my take on 2 great systems merging into 1
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 31 KB
  • #2,520
  • Oct 28, 2009 12:42am Oct 28, 2009 12:42am
Hi Dbz,
Thank you very much for your system and posts. I was just wondering how many signals on average can you get watching 12 pairs during the Euro & US trading session that fulfil the entry criteria you have outlined in the guide?

Regards,
P

Quoting dbz
No problem.

I have them grouped as they relate to one another.
EURUSD, USDJPY, EURJPY. (The eurjpy movement is the eurusd x usdjpy.)
GBPUSD, GPBJPY, EURGBP. (The gbpjpy movement is the gbpusd x usdjpy)
AUDUSD, AUDJPY, EURAUD. (The audjpy movement is the aususd x usdjpy)
USDCAD
USDCHF
NZDUSD

If you do some research on Correlation you will get an idea of which move in relation to one another. For example the EURUSD and USDCHF mostly mirror each other, and the Commodity Currencies, AUDUSD, USDCAD, NZDUSD all tend to move similarly.

By watching...
0 traders viewing now