1min scalping using mtf ALF by bbolss | Page 17 | Forex Factory

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Attachments: 1min scalping using mtf ALF by bbolss
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1min scalping using mtf ALF by bbolss

  • #321
  • Jun 22, 2010 9:37am Jun 22, 2010 9:37am
first -3(close manualy) i could stay;p
second +10
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  • #322
  • Jun 22, 2010 9:43am Jun 22, 2010 9:43am
Quoting bcarbon
Hi bbolss,
When you say, you watch m5 candles what is it that you look for in that time frame. Is it exhaustion of the move or trend agreement with m1 or what else. Can you please explain. :^)
Thank you,
bcarbon
im just wathing and drawing important trendlines it has very litle effect on my trading on 1min only sometimes when i see important s/r - im thinking about moving this system to m5 it could give us les entrys but more profit from trade

im just thinkink for now;p
it look like this
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  • #323
  • Jun 22, 2010 9:57am Jun 22, 2010 9:57am
Quoting bbolss
im just wathing and drawing important trendlines it has very litle effect on my trading on 1min only sometimes when i see important s/r - im thinking about moving this system to m5 it could give us les entrys but more profit from trade

im just thinkink for now;p
it look like this
bbolss,
If it is not too much trouble, can you post a pick of your 1m trade chart (when you take a position) and next to it a 5m chart so that I can compare.
Thank you so much for your time and effort. I really appreciate it.
bcarbon
  • #324
  • Jun 22, 2010 10:03am Jun 22, 2010 10:03am
Quoting bcarbon
bbolss,
If it is not too much trouble, can you post a pick of your 1m trade chart (when you take a position) and next to it a 5m chart so that I can compare.
Thank you so much for your time and effort. I really appreciate it.
bcarbon
hmm i can think about it but this will give you nothing?;p

you can compare last 2 trades one -3 second +10 from post 321 with 5min that i just posted
it was during 6 and 9 candle from the end - two big red;D

and what you wanna see there?
  • #325
  • Jun 22, 2010 10:32am Jun 22, 2010 10:32am
just found this thread....nice scalping system Bbloss
  • #326
  • Jun 22, 2010 11:00am Jun 22, 2010 11:00am
thanx
if you like it plz rate it

half +10 half +30
Attached Image (click to enlarge)
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  • #327
  • Jun 22, 2010 11:42am Jun 22, 2010 11:42am
I started testing this setup today (EUR/USD, live account, micro lots), here is what i get:

+5
+10
+7
+7
+10
+8
-4

+43 for the day and running a short at +9.

Euro open and US open, just using alf and alf mtf, nothing more. I think you really got something here.

Best setup with a 1-2-3 pattern according with 5m chart. I'll try put some screenshots when i get some free time.

Thanks for sharing it.
  • #328
  • Jun 22, 2010 12:23pm Jun 22, 2010 12:23pm
Quoting Lugo
I started testing this setup today (EUR/USD, live account, micro lots), here is what i get:

+5
+10
+7
+7
+10
+8
-4

+43 for the day and running a short at +9.

Euro open and US open, just using alf and alf mtf, nothing more. I think you really got something here.

Best setup with a 1-2-3 pattern according with 5m chart. I'll try put some screenshots when i get some free time.

Thanks for sharing it.
no problem
post charts off course and mark 1-2-3 on this where you used it
  • #329
  • Jun 22, 2010 1:11pm Jun 22, 2010 1:11pm
+10
Attached Image (click to enlarge)
Click to Enlarge Name: alf9.gif Size: 22 KB
  • #330
  • Jun 22, 2010 1:15pm Jun 22, 2010 1:15pm
The longer osma is a nice filter but the shorter (12-26-9) seems to keep me out of way too many trades. Does anyone agree or have another idea about that?
  • #331
  • Jun 22, 2010 1:17pm Jun 22, 2010 1:17pm
i never sad that this is perfect setup;D

im open for any ideas =]

ps post screenshots where id filtered a good trade for you
  • #332
  • Jun 22, 2010 1:23pm Jun 22, 2010 1:23pm
Why take take that short at that point when the longer osma was bullish?

Quoting bbolss
+10
  • #333
  • Jun 22, 2010 1:32pm Jun 22, 2010 1:32pm
Quoting sirogreness
Why take take that short at that point when the longer osma was bullish?
but it was <0 and i sow 1-2-3 patern and short osma down and hiden div on shorter osma ;p
if you would enter when longer osma changed colour you still could take +10 =]
  • #334
  • Jun 22, 2010 2:10pm Jun 22, 2010 2:10pm
Quoting bbolss
+10
Where did you enter and exit? (post 321)
  • #335
  • Jun 22, 2010 2:11pm Jun 22, 2010 2:11pm
yeah i saw that particular post with the indicators and template files, i was looking for the rules associated with the newly designed system.
  • #336
  • Jun 22, 2010 2:24pm Jun 22, 2010 2:24pm
Quoting iceman666
Where did you enter and exit? (post 321)
enter at green line!
exit at +10
  • #337
  • Jun 22, 2010 2:27pm Jun 22, 2010 2:27pm
Quoting Lugo
I started testing this setup today (EUR/USD, live account, micro lots), here is what i get:

+5
+10
+7
+7
+10
+8
-4

+43 for the day and running a short at +9.

Euro open and US open, just using alf and alf mtf, nothing more. I think you really got something here.

Best setup with a 1-2-3 pattern according with 5m chart. I'll try put some screenshots when i get some free time.

Thanks for sharing it.
I am fast warming to the idea of trading just this with price action. What so few will realise is how a simple idea such as this has huge potential. It should work in any market conditions as long as you are shooting for 1:1 risk/reward and for most people, a working day finishing at +4% account growth would more than do. I have tested this for a while now and am increasingly sure that you could do that most, if not every day in 1-3 hours work.

He's definitely unearthed a simple and easy way to make money on M1.

Most folk will think it's too simple though, i've little doubt.
  • #338
  • Jun 23, 2010 5:45am Jun 23, 2010 5:45am
Morning guys. Doing my first day live and so far a had one trade +9.3pips and end up break even. second one +9 and end up sl -9. really struggling with exits here. absolute science for me :-( ;-(
  • #339
  • Jun 23, 2010 5:50am Jun 23, 2010 5:50am
im today on m5
will see how it will go;p
but fingers crossed for you guys!
  • #340
  • Jun 23, 2010 6:02am Jun 23, 2010 6:02am
Quoting Horuss
Morning guys. Doing my first day live and so far a had one trade +9.3pips and end up break even. second one +9 and end up sl -9. really struggling with exits here. absolute science for me :-( ;-(
If you reached +9 and your stop loss was -9, why didn't you take profit? I usually only aim for 1:1 when scalping. If I have a feeling (they only come with screen time) that i'm at the start of a big move, I may let one run but usually, caution is best practiced.

What was your stop loss on the first one?

Personally, if a trade has gone 90% toward my TP target and reverses, I will close at BE unless I have a strong feeling that i'm in a good trade.
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