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Trendman scalping system

  • #721
  • Nov 4, 2009 5:30am Nov 4, 2009 5:30am
Quoting capcity
but trendman, although 1min chart MACD is going under, 62 is still above. hmm,...can i say its pretty risky that way?
I agree very risky,don't act like me ,you need long time if you're a new trader
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  • #722
  • Nov 4, 2009 5:31am Nov 4, 2009 5:31am
my bet is now, on 5 min chart this pull back 2wave and looking for another short for 3rd wave
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  • #723
  • Nov 4, 2009 5:38am Nov 4, 2009 5:38am
if i don't see another drop I'm staying out from the trading as it looks very confused
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  • #724
  • Nov 4, 2009 5:38am Nov 4, 2009 5:38am
Quoting trendman
I agree very risky,don't act like me ,you need long time if you're a new trader
yup. i feel more comfortable that way. just lost 10pips, as i din wait for 10 to cross 30 in the 5M chart.
  • #725
  • Nov 4, 2009 6:06am Nov 4, 2009 6:06am
we're back in the trendline
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  • #726
  • Nov 4, 2009 6:14am Nov 4, 2009 6:14am
watch H4 trendline
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  • #727
  • Nov 4, 2009 9:05am Nov 4, 2009 9:05am
watch 1.4843
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  • #728
  • Nov 4, 2009 9:17am Nov 4, 2009 9:17am
trendman,
can i say that given all requirements met, and there is a little pull back to 10ema, then it hit the support/Resist line, perhaps we can go in for a quick kill?
  • #729
  • Nov 4, 2009 9:20am Nov 4, 2009 9:20am
Quoting capcity
trendman,
can i say that given all requirements met, and there is a little pull back to 10ema, then it hit the support/Resist line, perhaps we can go in for a quick kill?
exactly, we can do that, quick 5-6 pips can be made easily
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  • #730
  • Nov 4, 2009 9:24am Nov 4, 2009 9:24am
Quoting trendman
exactly, we can do that, quick 5-6 pips can be made easily
thanks mate.
sometimes, after the pullback to 30ema, i have diffculties looking for the S/R line. any tips? perhaps we can take the arc of the 10ema as a good references?
  • #731
  • Nov 4, 2009 11:32am Nov 4, 2009 11:32am
Just to be clear, if I'm trading the 1m chart we don't wait for the 10ema to cross the 30 in the 5m charts also?
  • #732
  • Nov 4, 2009 11:45am Nov 4, 2009 11:45am
Hi Trendman

thank you sharing your system.Again.


I have rest 1 month.practice trader101 14pairs.So very busy.

Yesterday I re-read your thread

I think.in the month..You add some.rules..

looks like rules change.......

I want know.

What pairs your trader best?EU?or GBP?Or any?

and what's time is your trader time?

asia open?london open?or newyork open?or that?

Thank you your answer..

Kind regards.
  • #733
  • Nov 4, 2009 11:56am Nov 4, 2009 11:56am
Quoting wjqblog
Hi Trendman

thank you sharing your system.Again.


I have rest 1 month.practice trader101 14pairs.So very busy.

Yesterday I re-read your thread

I think.in the month..You add some.rules..

looks like rules change.......

I want know.

What pairs your trader best?EU?or GBP?Or any?

and what's time is your trader time?

asia open?london open?or newyork open?or that?

Thank you your answer..

Kind regards.
I only trade eu/usd

London time ,my broker use +1 uk time so 1 hour ahead of UK time
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  • #734
  • Nov 4, 2009 11:58am Nov 4, 2009 11:58am
Quoting dforant1
Just to be clear, if I'm trading the 1m chart we don't wait for the 10ema to cross the 30 in the 5m charts also?

My friend, are you using 10,30 ema on 5 min chart, are you talking about that, I'm confused because I use 20,62,57 ma on 5 min chart
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  • #735
  • Nov 4, 2009 12:06pm Nov 4, 2009 12:06pm
everything shows down, amazing macd.etc
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  • #736
  • Nov 4, 2009 12:14pm Nov 4, 2009 12:14pm
capcity
Member
Member Since Sep 2009
48 Posts

http://cdn.forexfactory.com/images/icons/icon1.gif
Quote:
Originally Posted by trendman http://cdn.forexfactory.com/images/buttons/viewpost.gif
I agree very risky,don't act like me ,you need long time if you're a new trader

yup. i feel more comfortable that way. just lost 10pips, as i din wait for 10 to cross 30 in the 5M chart.
-------------------------------------------------------------------------
I was replying to the post above.


http://cdn.forexfactory.com/images/buttons/quote.gif

  • #737
  • Nov 4, 2009 12:14pm Nov 4, 2009 12:14pm
by the way I'm not trading just watching the action because I closed my trading desk
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  • #738
  • Nov 4, 2009 12:19pm Nov 4, 2009 12:19pm
I was long here 12:42 est time. Got out with small 3 pip loss after MACD's went South.
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  • #739
  • Nov 4, 2009 12:34pm Nov 4, 2009 12:34pm
Quoting dforant1
I was long here 12:42 est time. Got out with small 3 pip loss after MACD's went South.
don't always jump in the 1st attempt of 10 ema crossing over 30 ema on the way, just trust me on this
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  • #740
  • Nov 4, 2009 12:55pm Nov 4, 2009 12:55pm
1 min macd divergence,careful
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