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Trendman scalping system

  • #941
  • Nov 30, 2009 4:11am Nov 30, 2009 4:11am
I just finish reading all the posts... did some cut and pasting so that I can refer and reread to understand better... I would like to thank you for your effort and your willingness to share... it must have taken a toil on your time.

Now I'll load all the indicators and MAs' to test... I trade life and are only interested in trading in the lower time frame... M1 suits me well...

cheers

mikelee
  • #942
  • Nov 30, 2009 8:10am Nov 30, 2009 8:10am
Quoting mikelee
I just finish reading all the posts... did some cut and pasting so that I can refer and reread to understand better... I would like to thank you for your effort and your willingness to share... it must have taken a toil on your time.

Now I'll load all the indicators and MAs' to test... I trade life and are only interested in trading in the lower time frame... M1 suits me well...

cheers

mikelee
any questions visit my website,please
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  • #943
  • Nov 30, 2009 8:11am Nov 30, 2009 8:11am
5 min macd divergence, be very careful but saying that OBV is droping heavily, something is going on.
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  • #944
  • Nov 30, 2009 3:23pm Nov 30, 2009 3:23pm
What is 100 and 200
When i install these indicator on 1 min chart I see blue dot and line and then later red dot and blue line.

Please tell me what setting I have to change it to 100 and 200 there is no values in properties of this indicator

Please help
  • #945
  • Nov 30, 2009 4:20pm Nov 30, 2009 4:20pm
Quoting adler
What is 100 and 200
When i install these indicator on 1 min chart I see blue dot and line and then later red dot and blue line.

Please tell me what setting I have to change it to 100 and 200 there is no values in properties of this indicator

Please help
adler

The volty channel 100 and 200 is only for to see the whether trend is up or down, you may use them or not ,it's your choice, just try them, especially concentrate on 200 volty channel dot ,draw a horizontal line when it appears, as I've said, these volty channels are not for trading,please don't be confused, many thanks
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  • #946
  • Nov 30, 2009 4:24pm Nov 30, 2009 4:24pm
Trend man i am in skype, can u come online plz
  • #947
  • Nov 30, 2009 11:58pm Nov 30, 2009 11:58pm
Hi TrendMan . I don’t have time to trade but today after work I did some trades with forex simulator. This is how I trade on October 19. I did 6 trades. If you have time please take a look on my charts and may be correct my mistakes. I hope to learn more from you. Thank you.
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  • #948
  • Dec 1, 2009 1:50am Dec 1, 2009 1:50am
Hi Trandman,

Visited your site... glade I did... the whole scalping system is laid out systematically... unlike in the forum ...I took more then half a day to sieve through all the posting.

I am on test mode right now and will PM you or participate in your program... if any... just let me know...

Thank you

mikelee
  • #949
  • Dec 1, 2009 8:09am Dec 1, 2009 8:09am
hey Trendman,
i was looking through your website. particularly on the scrapling method section.

i noticed that after explaining the set-up and the 10,30ema crosses, u did not mentioned about the pull-back (which i think it is an important factor), was it done purposely?

lol
thanks
Cap
  • #950
  • Dec 1, 2009 10:30am Dec 1, 2009 10:30am
Quoting capcity
hey Trendman,
i was looking through your website. particularly on the scrapling method section.

i noticed that after explaining the set-up and the 10,30ema crosses, u did not mentioned about the pull-back (which i think it is an important factor), was it done purposely?

lol
thanks
Cap
what you mean purposely?
Pull back is a fact which you have to follow,that is why I've adised all of you to read and understand the wave counting, pull back is something you have to follow.
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  • #951
  • Dec 1, 2009 10:35am Dec 1, 2009 10:35am
Quoting Piotr1
Hi TrendMan . I don’t have time to trade but today after work I did some trades with forex simulator. This is how I trade on October 19. I did 6 trades. If you have time please take a look on my charts and may be correct my mistakes. I hope to learn more from you. Thank you.
looking at your charts ,some of the trades you took which you had profit ,they are all good but the ones that you have missed , you have to watch macd weakness on 1 min chart ,if you miss a jump ,do not try to enter!
follow the volty channel dots ,wait for them to appear and get a confirmartion from the macd.Use 5 min chart especially macd for the trend direction if macd negative look for shorts never enter long based on 1 min chart and vice versa.
Always look for macd divergences and please follow OBV direction, too.
You're doing everything right .
Thanks
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  • #952
  • Dec 1, 2009 4:58pm Dec 1, 2009 4:58pm
Quoting trendman
what you mean purposely?
Pull back is a fact which you have to follow,that is why I've adised all of you to read and understand the wave counting, pull back is something you have to follow.
pardon me for the wrong use of the word "purposely". lol. just abit mind block at that point of time.

I hope to help others who are new to the system, as many times, it is very tempting to jump in on impulse. hope to serve as a reminder.

cheers
Cap
  • #953
  • Dec 1, 2009 7:58pm Dec 1, 2009 7:58pm
Hi Trendman. Thank you for helping me. I think one thing is not clear for me. I NEVER miss a jump; instead I waited for a pullback on purpose. I thought this is the rule of the system enter on a pullback. Of course macd weakening if it is a pullback but I didn’t enter if it changed direction.

follow the volty channel dots ,wait for them to appear and get a confirmartion from the macd.
All my trades done with agreement with volty channel and macd: If it sell trade macd on both timeframes negative.

So my conclusion that enter on a pullback is not a mandatory it is just optional? It can be good to see some of your charts on this forum otherwise it is hard to fill the strategy.
  • #954
  • Dec 1, 2009 8:04pm Dec 1, 2009 8:04pm
Hello Trendman. Ive been trying to use and understand ur system but it seems Im abit lost on the setup. Would you mind to post an image of your setup since I am so confused with the MAs and also the indicators that youre using. Also, correct me if Im wrong. This setup works best with EURUSD and GBPUSD pairs and not so with the others?

Thanks
Jazman
Southeast Asia
  • #955
  • Dec 2, 2009 3:23am Dec 2, 2009 3:23am
Quoting Piotr1
Hi Trendman. Thank you for helping me. I think one thing is not clear for me. I NEVER miss a jump; instead I waited for a pullback on purpose. I thought this is the rule of the system enter on a pullback. Of course macd weakening if it is a pullback but I didn’t enter if it changed direction.

follow the volty channel dots ,wait for them to appear and get a confirmartion from the macd.
All[font=Verdana]...
hi trendman,

with reference to the pull back theory, please correct me if i am wrong. for the past 1 week, i have been using the 2 dots as entry for a trade*. the results is that i have 9 wins out of 10. feels pretty good. but i believe that i can do better.

but 1st, am i right to use the 2 dots as entry signal?

if yes, many times, the gap for the 2 dots can be quite far and i felt that i am missing out someting, i felt that i had missed a good trade. or is it also a normal for us to wait for the perfect set-up*?

i remembered u mentioned that there are times where u dont even look at 5M and only look at the 1M charts. I would like to learn that from you. what i did was i fully concentrate on the 1M, but can't make profits.

like to know from you what trade u take most of the time. ;-)

thanks amillion!
Cap

* 5M & 1M MACD same direction. 10 cross 30. wait for pull back.
  • #956
  • Dec 2, 2009 4:04am Dec 2, 2009 4:04am
Quoting capcity
hi trendman,

with reference to the pull back theory, please correct me if i am wrong. for the past 1 week, i have been using the 2 dots as entry for a trade*. the results is that i have 9 wins out of 10. feels pretty good. but i believe that i can do better.

but 1st, am i right to use the 2 dots as entry signal?

if yes, many times, the gap for the 2 dots can be quite far and i felt that i am missing out someting, i felt that i had missed a good trade. or is it also a normal for us to wait for the perfect set-up*?

i remembered u mentioned...

My Friend

9 out of 10 , mate ,this is a pretty good percentage, that is big.
I don't get that rate so often!!
When you look at the dots,make sure the dot appears first before macd turns positive ,usually what I do is , if I se red/blue dot appeareance than I look macd weakness ,this need some experience(getting confident with indocators) and if I feel macd is about to turn negative/positive I jump in but always look for the pullbacks, always!!! and than jump in.
5 min macd is a good indicator, I'm mostly concentrating on 5 min macd positive/negative action and make my decision .
Also try to use 5 min chart for support and resistance lines, on 1 min chart could be difficult to see them.
Mate, you'll miss lots of trades , do not judge yourself for that,never!!
Otherwise you'll loose your confindence or you might get over confident and try to get in every trade and booom!!! you'll loose!!!
please be careful, if you need any more info come and join my chatroom ,I'm on there between 9am-5 pm uk time.
Many thanks
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  • #957
  • Dec 2, 2009 5:28am Dec 2, 2009 5:28am
Quoting trendman
My Friend

9 out of 10 , mate ,this is a pretty good percentage, that is big.
I don't get that rate so often!!
When you look at the dots,make sure the dot appears first before macd turns positive ,usually what I do is , if I se red/blue dot appeareance than I look macd weakness ,this need some experience(getting confident with indocators) and if I feel macd is about to turn negative/positive I jump in but always look for the pullbacks, always!!! and than jump in.
5 min macd is a good indicator, I'm mostly concentrating on 5 min macd positive/negative...
yes, mate. 9 out of 10, coz i only got 10 trades.

nonetheless, thank you for your sharing, i will keep up with what i am doing now.

thanks
Cap
  • #958
  • Dec 2, 2009 1:40pm Dec 2, 2009 1:40pm
Trendman ... by MACD positive or negative you mean MACD above or below 0 ? Or are you playing with MACD slope (direction) ?
  • #959
  • Dec 3, 2009 1:39am Dec 3, 2009 1:39am
Quoting jajo
Trendman ... by MACD positive or negative you mean MACD above or below 0 ? Or are you playing with MACD slope (direction) ?
yes that's what I mean
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  • #960
  • Dec 3, 2009 3:10am Dec 3, 2009 3:10am
Quoting trendman
yes that's what I mean
hi trendman, would it be alright to post any of your recent trade?

thanks
Cap
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