Trendman scalping system | Page 44 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

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

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

Paramon Scalping system. 10% deposit per day 7 replies

Scalping with crossover system 0 replies

Attachments: Trendman scalping system
Exit Attachments

Trendman scalping system

  • #861
  • Nov 16, 2009 8:49am Nov 16, 2009 8:49am
watch 1.4963
{Promotion Removed}
  • #862
  • Nov 16, 2009 3:04pm Nov 16, 2009 3:04pm
Quoting trendman
watch 1.4963
pardon me as this may look like a stupid question, i have never come across trix before can u pls give me a brief description of how to use it.
thanks for giving your sysytem for free i have made money than i did paying for signals.
  • #863
  • Nov 16, 2009 5:27pm Nov 16, 2009 5:27pm
Hi everyone

I'm working on some new setups for the system, this indicator which is not new as it's been around for a while worked very well so far for more better trend direction.Do not be confused as this new additional indicator is not a trading signal ,only to show the support and resistance lines.
I'll not write down any comments yet but I want you guys to see with your eyes how these lines play a significant role on the PA.
The indicator is VOLTY CHANNEL,
SETUP FOR 1 MIN CHART:
ADD THE VOLTY CHANNHEL WITH DEFAULT SETTING ON 1 MIN CHART
ADD ANOTHER VOLTY CHANNEL MA LENGTH: 100(COLOURS: BLACK AND LIME)
ADD ANOTHER VOLTY CHANNEL MA LENGTH: 200(COLOURS: BLACK AND LIME)
DRAW HORIZONTAL LINES WHEREVER 100 AND 200 VOLTY CHANNEL LINE DOTS APPEAR
ON 5 MIN CHART:
ADD THE VOLTY CHANNHEL WITH DEFAULT SETTING ON 1 MIN CHART
ADD ANOTHER VOLTY CHANNEL MA LENGTH: 100(COLOURS: BLACK AND LIME)
DRAW HORIZONTAL LINES WHEREVER 100 AND 200 VOLTY CHANNEL LINE DOTS APPEAR

PUT THESE LINES ON YOUR CURRENT CHART SET UP AND JUST WATCH THE PRICE ACTION COMBINING THE CURRENT SCALPING SYSTEM

I REALLY WOULD LIKE TO HEAR YOUR COMMENTS .

MANY THANKS
Attached File(s)
File Type: mq4 VoltyChannel_Stop_v2.1.mq4   6 KB | 598 downloads
{Promotion Removed}
  • #864
  • Nov 16, 2009 6:53pm Nov 16, 2009 6:53pm
hi trendman, how do we add the 100 and 200 lines?

ok if u can show us a sample image?

Someone told me that the more indicators, will hinder u from trading as they serve as reminders. want to noe yr view.

thanks
Cap
  • #865
  • Nov 16, 2009 11:49pm Nov 16, 2009 11:49pm
Quoting capcity
hi trendman, how do we add the 100 and 200 lines?

ok if u can show us a sample image?

Someone told me that the more indicators, will hinder u from trading as they serve as reminders. want to noe yr view.

thanks
Cap

Yes the more indicator more confusion ,i agree but as I've said this indicator is only for to see support/resistance lines clearly not for trade signals, you know what I mean, I do heat hate cluttered charts
{Promotion Removed}
  • #866
  • Nov 17, 2009 2:50am Nov 17, 2009 2:50am
Hi TrendMan,
I follow his strategy and I am very pleased with the results,
you contribute is fundamental here, congratulations on your initiative
  • #867
  • Nov 17, 2009 3:02am Nov 17, 2009 3:02am
Hello Trendman
I mark with circles places where I can watch buy or sell. Is it right?
Attached Image (click to enlarge)
Click to Enlarge Name: as5.gif Size: 29 KB
  • #868
  • Nov 17, 2009 12:53pm Nov 17, 2009 12:53pm
Hi everyone

Sorry , I was out for all day today for personal reasons.
How you guys get on with your trading today,has any of you placed the volty channel today on your charts and seen any benefits of it?
Would like to hear your views ,I'll write down the advantages of volty channel in couple of days time.
Thanks
{Promotion Removed}
  • #869
  • Nov 17, 2009 3:34pm Nov 17, 2009 3:34pm
Quoting LT man
Hello Trendman
I mark with circles places where I can watch buy or sell. Is it right?
Perfect, please keep watching the significant role of those lines, you'll be impressed by them,please keep sending your comments
{Promotion Removed}
  • #870
  • Nov 17, 2009 7:59pm Nov 17, 2009 7:59pm
Dear Trendman and all,

i have been following this trend for some weeks and have not been getting good results. My target everyday is 20pips. what my intention all this while was, SL at 10pips and TP at 5pips for every trade. which means each day i only need to trade 4 times. This may sound easy for some but i can't achieve that.

I noticed that it is pretty hard to come by for all the requirements* to meet b4 entry and it made it even more diffcult when during 1300GMT (the volatile hours) is having some news, and we have to avoid for 1 hour.

Perhaps any traders here can share share some of their tips and tricks or even comment on my 5pips-per-trade thingy.

last but not least, thank you for your time
Cap

* - for a buy position
1. 5M-20,62,57 all in line. MACD is up and TRIX cross up.
2. 1M - 20,62,57 all in line. MACD is up and TRIX cross up.
  • #871
  • Nov 18, 2009 1:21am Nov 18, 2009 1:21am
Quoting capcity
Dear Trendman and all,

i have been following this trend for some weeks and have not been getting good results. My target everyday is 20pips. what my intention all this while was, SL at 10pips and TP at 5pips for every trade. which means each day i only need to trade 4 times. This may sound easy for some but i can't achieve that.

I noticed that it is pretty hard to come by for all the requirements* to meet b4 entry and it made it even more diffcult when during 1300GMT (the volatile hours) is having some news, and we have to avoid for 1 hour....

Capcity

I'm sorry that you're not getting good results but may be you're only using for long/short position the above rule,that might be the reason, because if you read my rules the above rule is only for the TREND DIRECTION, WE USE ON 1 MIN CHART 30EMA AND 10 EMA CROSSES,STICK WITH THAT,I'VE SAID
THAT(CORRECT ME IF I'M WRONG) IF ON 1 MIN CHART 20,62,57 ARE IN LINE ONLY LOOK FOR LONG POSITIONS USING YOUR 30 EMA,10 EMA AND ALSO USING 5 MIN CHART MA (20,62,57) LOOK FOR TREND CONFIRMATION, DO NOT USE THEM FOR POSITION TAKING.
SOMETIMES TRY TO AVOID 5 MIN CHART BUT THIS TAKES TIME ,YOU NEED TO GET USE TO THE SYSTEM,SECONDLY FOLLOW MACD ON BOTH CHARTS 1/5 MIN,THEY'RE SO GOOD FOR SIGNALS,I KNOW IF YOU WAIT FOR ALL THOSE THINGS TO HAPPEN (I MEANT TO GET PROPER SIGNAL)IT'S PRETTY BORING BUT PRACTICE THE SYSTEM ,THAT IS WHY I ALSO BRING VOLTY CHANNELS, TO GET MORE CONFIDENT FOR OUR TRADINGS, USE THE VOLTY CHANNELS.
ANY QUESTIONS ,I'M HERE
{Promotion Removed}
  • #872
  • Nov 18, 2009 2:51am Nov 18, 2009 2:51am
Hi, looking at the market opening of London, a trend upwards, so there was a sign, now +20 pips, any comment? thanks trendman
Attached Image (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 124 KB
  • #873
  • Nov 18, 2009 2:53am Nov 18, 2009 2:53am
I got into situation where I have too much indicators and they are lagging. I had better performance when I was considering only 10/30 EMAs, MACD, OBV, Pivots and 20,60,57 MAs. It is a fact that while I am waiting to have at least majority of indicators showing some strong trend the trend usually changes before I even make entry But ... what seems to be working now is retracement strategy. First I see the trend confirmed by majority of indicators), then I wait for retracement and enter using fibonacci. IS that the right way or should I move back?
  • #874
  • Nov 18, 2009 3:28am Nov 18, 2009 3:28am
Perfect trade setup. But I missed.
-Trend is up
-5min and 1 min Arrow is up
-1 min MACD above
-Bounce frome 14900
Attached Image (click to enlarge)
Click to Enlarge Name: as6.gif Size: 22 KB
Attached Image
  • #875
  • Nov 18, 2009 3:52am Nov 18, 2009 3:52am
Quoting LT man
Perfect trade setup. But I missed.
-Trend is up
-5min and 1 min Arrow is up
-1 min MACD above
-Bounce frome 14900
unfortunately I was having late breakfast and missed that ,too
{Promotion Removed}
  • #876
  • Nov 18, 2009 4:18am Nov 18, 2009 4:18am
Quoting kemps1982
Hi, looking at the market opening of London, a trend upwards, so there was a sign, now +20 pips, any comment? thanks trendman
perfect , no comment, you've done everything correctly
{Promotion Removed}
  • #877
  • Nov 18, 2009 4:30am Nov 18, 2009 4:30am
Quoting jajo
I got into situation where I have too much indicators and they are lagging. I had better performance when I was considering only 10/30 EMAs, MACD, OBV, Pivots and 20,60,57 MAs. It is a fact that while I am waiting to have at least majority of indicators showing some strong trend the trend usually changes before I even make entry But ... what seems to be working now is retracement strategy. First I see the trend confirmed by majority of indicators), then I wait for retracement and enter using fibonacci. IS that the right way or should I move back?...

It's a strategy again, please try to use what it's suitable for you, try to develop the system by yourself ,with doing that your success rate will rise,my system is here to guide you guys that is it.
For trend direction use OBV,5 min chart 20,62,57 and 1 min chart 20,62,57.
For trade use 1 min chart 30 ema, 10 ema and macd crossing.
Volty channel again is there for to see S/R lines,that is it.

If anything makes you confused remove them and try to replace or develop something, for instance last couple of months I barely follow TRIX indicator.
Keep these in mind
{Promotion Removed}
  • #878
  • Nov 18, 2009 5:43am Nov 18, 2009 5:43am
I am more than happy with your system. I am a total newbie and I was able to make profit from the beginning! The fact is that I used your system as a "money machine" without my own percetion of market status. I ignored pivots, s/r lines and somethimes also news But now I learned even more Thanks Trendman!
  • #879
  • Nov 18, 2009 6:06am Nov 18, 2009 6:06am
Quoting jajo
I am more than happy with your system. I am a total newbie and I was able to make profit from the beginning! The fact is that I used your system as a "money machine" without my own percetion of market status. I ignored pivots, s/r lines and somethimes also news But now I learned even more Thanks Trendman!
your welcome, any questions,shoot
{Promotion Removed}
  • #880
  • Nov 18, 2009 6:28am Nov 18, 2009 6:28am
watch 1.4968
{Promotion Removed}
0 traders viewing now