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Trendman scalping system

  • #901
  • Nov 20, 2009 3:51am Nov 20, 2009 3:51am
200 volty channel just appeared so watch 1.4921
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  • #902
  • Nov 20, 2009 4:15am Nov 20, 2009 4:15am
Here is the trade I took .. I was VERY nervous and took only 4 pips. When I entered trade both 5 and 1 MACD were negative and both moving averages in proper order. I made profit, but I probably made 2 mistakes:
1, I have NOT entered trade on pull back (61.8 FIB level) .. instead I was waiting the PA to reach previous lower low (as I was reading on Strategy II thread)
2, There was a retracement after I closed trade, but then price continued going down ... so was I supposed to wait more?
Attached Image (click to enlarge)
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  • #903
  • Nov 20, 2009 4:34am Nov 20, 2009 4:34am
Quoting jajo
Here is the trade I took .. I was VERY nervous and took only 4 pips. When I entered trade both 5 and 1 MACD were negative and both moving averages in proper order. I made profit, but I probably made 2 mistakes:
1, I have NOT entered trade on pull back (61.8 FIB level) .. instead I was waiting the PA to reach previous lower low (as I was reading on Strategy II thread)
2, There was a retracement after I closed trade, but then price continued going down ... so was I supposed to wait more?

my advice don't always jump in the trade on the 1st attempt of 10,30 ema crosses,wait for a pull back and than jump in, second tip,please try it for me, you know volty channel I've put , place the default version(don't do any changes) and wait for the dots to appear red/blue and combine with myr rules, you'll feel more confident, trust me, just try it and let me how you get on, but stick with our system's rules,okay
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  • #904
  • Nov 20, 2009 4:44am Nov 20, 2009 4:44am
we should jump to 1.4892
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  • #905
  • Nov 20, 2009 5:00am Nov 20, 2009 5:00am
still behind my target but damn !!!!
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  • #906
  • Nov 20, 2009 5:03am Nov 20, 2009 5:03am
Thanks for advice .. I installed default voltychannel on my M1 and from what I see ... PA crossed red channel (I assume it is a stop loss) @ 1.4877 ... if I would follow it I would gain much more pips profit.
  • #907
  • Nov 20, 2009 5:13am Nov 20, 2009 5:13am
Quoting jajo
Thanks for advice .. I installed default voltychannel on my M1 and from what I see ... PA crossed red channel (I assume it is a stop loss) @ 1.4877 ... if I would follow it I would gain much more pips profit.
correct wherever the dots appear you draw a horizontal line(from the dots)
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  • #908
  • Nov 20, 2009 6:11am Nov 20, 2009 6:11am
was exciting and I ended up leaving before time
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  • #909
  • Nov 20, 2009 9:34pm Nov 20, 2009 9:34pm
Hi trendman. I can't trade because have to go to work. but this is how i understand you sistem for this friday. Please tell if i
miss any possibilities or placed a wrong one. Thank you.
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  • #910
  • Nov 21, 2009 2:51am Nov 21, 2009 2:51am
Quoting Piotr1
Hi trendman. I can't trade because have to go to work. but this is how i understand you sistem for this friday. Please tell if i
miss any possibilities or placed a wrong one. Thank you.
Perfect, set up is all correct, your entry points are correct, too.Please place on min chart VOLTY channel(default settings),I'll updating the system very soon, so follow volty channel dots along with the system.
THANKS
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  • #911
  • Nov 22, 2009 10:38am Nov 22, 2009 10:38am
hi everyone
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  • #912
  • Nov 22, 2009 11:23am Nov 22, 2009 11:23am
Please visit the 1st page as the system has been updated with one additional indicator,
many thanks
trendman
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  • #913
  • Nov 23, 2009 3:00am Nov 23, 2009 3:00am
Hi TrendMan, how are you?
what their expectations for today? 5pips got for now, I'm waiting for more input
  • #914
  • Nov 23, 2009 4:06am Nov 23, 2009 4:06am
Quoting kemps1982
Hi TrendMan, how are you?
what their expectations for today? 5pips got for now, I'm waiting for more input
watching 1.5011 points, 15 min chart and higher ones ,stoc indicator shows weakness,so I'm cautios
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  • #915
  • Nov 23, 2009 4:52am Nov 23, 2009 4:52am
interesting where price will go at that point
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  • #916
  • Nov 23, 2009 4:57am Nov 23, 2009 4:57am
do you guys liking the volty channel with the system, it works well so far?
what do you think?
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  • #917
  • Nov 23, 2009 5:03am Nov 23, 2009 5:03am
I always looking for situations like shown on picture. Crossing 100 and 200 Volty chanel winth MACD confirmation give strong trend confirmation. I don't know is it right. But it helps.
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  • #918
  • Nov 23, 2009 5:05am Nov 23, 2009 5:05am
Quoting LT man
I always looking for situations like shown on picture. Crossing 100 and 200 Volty chanel winth MACD confirmation give strong trend confirmation. I don't know is it right. But it helps.
you got it ,man.perfect
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  • #919
  • Nov 23, 2009 5:33am Nov 23, 2009 5:33am
Pm me your website Trend I missed alot, im having a hard time understanding the v-channel
Look at something long enough, you will eventually get it.
  • #920
  • Nov 23, 2009 5:38am Nov 23, 2009 5:38am
Are we drawing the v-channel on the 1 and 5min chart ? is there a chance you can show your chart trend ?
Look at something long enough, you will eventually get it.
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