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Trendman scalping system

  • #741
  • Nov 4, 2009 2:56pm Nov 4, 2009 2:56pm
After a brief time out +10 pips 15:40est. 5min MACD never did cooperate. So 3 out of 4 indicators did. Including the 10 down over 30ema's, 1 min. MACD, 62under 57 in 5 min chart and a good ADX.

I had a few things screwed up. For all I know they may still be. Either way holding my own.
Attached Image (click to enlarge)
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  • #742
  • Nov 4, 2009 3:01pm Nov 4, 2009 3:01pm
Quoting dforant1
After a brief time out +10 pips 15:40est. 5min MACD never did cooperate. So 3 out of 4 indicators did. Including the 10 down over 30ema's, 1 min. MACD, 62under 57 in 5 min chart and a good ADX.

I had a few things screwed up. For all I know they may still be. Either way holding my own.

That is good,always stick with the rules
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  • #743
  • Nov 4, 2009 3:25pm Nov 4, 2009 3:25pm
Sorry.I am Stupid.Thank you again answer

requestion

you means

you start london open ..close time?newyork end?

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the screenshot is your new set allright??


I found m5 signal arrows.

have many flase signal.

how to filter?

you say first see m1 chart

but you say look m5 macd +0 or -0

sorry my english

if m5 macd to filter signal.

1 day don't have many entry.all rigth?



I think

1.look m5 macd filter signal

uptrend only buy not sell
downtrend only sell not buy.

2.if only buy
look m1 chare.
wait macd +0.10 ema cross 2ema 30.entry.
always stop loss 10pips.takeprofit 7-10pips

Sorry.My stupid..Thank you again.


and one trade .you use how many money.i want say the risk:reward...

in you 3 years trade the system sucess % how much?

and if one trade entry...how long time.must exit?

sorry my english..thank you

..........

are you always stoploss 10pips?
  • #744
  • Nov 4, 2009 4:20pm Nov 4, 2009 4:20pm
Quoting wjqblog
Sorry.I am Stupid.Thank you again answer

requestion

you means

you start london open ..close time?newyork end?

Attachment

the screenshot is your new set allright??


I found m5 signal arrows.

have many flase signal.

how to filter?

you say first see m1 chart

but you say look m5 macd +0 or -0

sorry my english

if m5 macd to filter signal.

1 day don't have many entry.all rigth?



I think

1.look m5 macd filter signal

uptrend only buy not sell
downtrend only sell not buy.

2.if only buy
look m1 chare.
wait...

1st: the arrows on the 5 min chart are there to show the direction, I only use 5 min chart for trend direction,okay,not for trading action, macd, moving avarages on 5 min chart is only for trend direction which means when I take a position I look at 5 min chart to see whether the price is on the negative side or positive side.

2nd:
I always take position based on 1 min chart action, getting the confirmation from 5 min chart, on 1 min chart macd is very important for me,I alwyas look for divergences or weaknesses as well as on 5 min chart.

3rd: my 3 years traiding, I only concentrate for 50 pips daily target,THAT IS IT,so far I get that everyday last 3 years, I do have ups and downs but I do get there as long as I stick with my rules

4th:
I use ATR stop loss

5th:

I do not stay in the trend eventhough I know it will go 50-60 pips, maximum 20 pips maybe I stay in.

I hope those answers help
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  • #745
  • Nov 4, 2009 4:53pm Nov 4, 2009 4:53pm
Trendman, I didn't taket this trade because the M5 MACD was negative compared to positive M1 chart. Was I wrong?
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Click to Enlarge Name: 2009-11-04_17-52.jpg Size: 116 KB
  • #746
  • Edited 6:53pm Nov 4, 2009 5:42pm | Edited 6:53pm
how to set atr(??)

add in m1 m5?

atr14 atr16??
  • #747
  • Nov 4, 2009 6:37pm Nov 4, 2009 6:37pm
Quoting trendman
don't always jump in the 1st attempt of 10 ema crossing over 30 ema on the way, just trust me on this
u r right, trendman. can i say that it will be better to enter(buy) at the 1st attempt only when all requirements met and most impt, in 1M, 20ema is BELOW 62? coz sometimes felt abit wasted. lol.

thanks
cap
  • #748
  • Nov 4, 2009 6:59pm Nov 4, 2009 6:59pm
Quoting wjqblog


if m5 macd to filter signal.

1 day don't have many entry.all rigth?
I think M5 will still have lots of signals.

Trendman, can you go thru with us again how do we filter some unwanted signals in the m5 chart?

Apologies and thank you very much.
  • #749
  • Nov 5, 2009 1:17am Nov 5, 2009 1:17am
Quoting wjqblog
how to set atr(??)

add in m1 m5?

atr14 atr16??
Just use thv atr on 1 min
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  • #750
  • Nov 5, 2009 1:18am Nov 5, 2009 1:18am
Quoting capcity
u r right, trendman. can i say that it will be better to enter(buy) at the 1st attempt only when all requirements met and most impt, in 1M, 20ema is BELOW 62? coz sometimes felt abit wasted. lol.

thanks
cap
you're right
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  • #751
  • Nov 5, 2009 7:01am Nov 5, 2009 7:01am
this is for you OZ
Attached File(s)
File Type: mq4 VoltyChannel_Stop_v2.1.mq4   6 KB | 395 downloads
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  • #752
  • Nov 5, 2009 7:03am Nov 5, 2009 7:03am
points to follow 1.4855 and 1.4833
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  • #753
  • Nov 5, 2009 9:26am Nov 5, 2009 9:26am
1 min macd divergence
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  • #754
  • Nov 5, 2009 11:32am Nov 5, 2009 11:32am
This chart would not pass because it didn't pass up over top 30ema before heading down across lower 30ema???

Yes, No
Attached Image
  • #755
  • Nov 5, 2009 12:40pm Nov 5, 2009 12:40pm
Quoting dforant1
This chart would not pass because it didn't pass up over top 30ema before heading down across lower 30ema???

Yes, No
No it wouldn't
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  • #756
  • Nov 5, 2009 1:29pm Nov 5, 2009 1:29pm
Trendman, you've been at this particular trading form for 3+ years now. Any statistics such as how many opportunities for trades during the London Market.
Win loss ratio. Longs, shorts etc.

I know you may be trading, I am. No need for quick response. Also if no compilations it is understood. I am doing better than fair with this method. Trading during the London Market including the US Market overlap, should improve my results more. Now I'm trading 1pm till 10pm est time. Would be better doing 3am till 12pm est. That will require different sleep habits.
  • #757
  • Nov 6, 2009 1:31am Nov 6, 2009 1:31am
Points to follow today, as a top line please follow 1.4898 and bottom line 1.4855, these 2 lines are crucial if we break any of these line ,the trend direction will be confirmed, in between these lines follow 1.4887, 1.4873 and 1.4865
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  • #758
  • Nov 6, 2009 2:58am Nov 6, 2009 2:58am
Okay, just 18 pips with the latest rise, got the confirmation with OBV and followed the 10-30 ema action ,MACD gave a very good entry point,good result
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  • #759
  • Nov 6, 2009 3:39am Nov 6, 2009 3:39am
a move is coming
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  • #760
  • Nov 6, 2009 5:01am Nov 6, 2009 5:01am
Quoting trendman
Okay, just 18 pips with the latest rise, got the confirmation with OBV and followed the 10-30 ema action ,MACD gave a very good entry point,good result
yes, I had that one, a little quick on the trigger though, 10 pips.
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