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

  • #381
  • Jun 24, 2010 4:20pm Jun 24, 2010 4:20pm
give me time ok? during weekend i will update 1st post with my last temp and rulez;]
now still on tests;p
  • #382
  • Jun 24, 2010 4:23pm Jun 24, 2010 4:23pm
Quoting bbolss
thats why i like sometimes take half at +10 and make free run
somtimes i hit be
but sometimes there is nice move like this! especialy that we had 2 litle higher lows so i do it this way

bdw
hmm i think that i will delete stoch for now i think it is redundant - check out - if it is a potential reentry with at least 50% touch stoch cross it is usually fast osma signal to reentry to
will see tommorow!;d
hi
Please explain how and why we use osma with this system. I have tried searching this thread but cannot find the answer.

thanks for this nice system. I only take +5 every trade and I am doing it successfuly.

Thanks
Make money Not pips
  • #383
  • Jun 24, 2010 4:45pm Jun 24, 2010 4:45pm
After watching the market for awhile, ive noticed that both London and U.S. sessions usually attempt to test a pivot point.

So for example, if you must leave and go do something, I would close 1/2 of your position, ensure you have an SL just in case, and set TP to the nearest pivot point.

I usually wait 1 hr for the market to make up its mind, and I will usually trade within that direction. Today was a good example of this, what does everyone think about this?

Note: Look where i said there was a nice trade, notice how its another perfect example of the trading rules i specified in post 360
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  • #384
  • Jun 24, 2010 5:31pm Jun 24, 2010 5:31pm
Had a perfect 11 for 11 trades this morning using the 5 min ALF with the 1 min ALF on the 1 min chart. Grew my demo account 14%... I made a couple of errors in jumping in too early but the larger trend was down so I waited it out and they came back.... I do prefer the 3-10 minute trades though.

I used the 5 min MTF Stochastic set to 8,3,3 this morning to help with the entry. Exits are fib pivots, the 200 ema or 200 EMA envelopes set at fib number deviances starting with .13, .21, .34, etc.

MM is to take acct. balance and divide by 5,000 for the number of lots to trade. I added on some 1/2 lot trades when I was feeling aggressive...

I'm starting to like this.....
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  • #385
  • Jun 24, 2010 5:36pm Jun 24, 2010 5:36pm
Quoting eurisko
After watching the market for awhile, ive noticed that both London and U.S. sessions usually attempt to test a pivot point.

So for example, if you must leave and go do something, I would close 1/2 of your position, ensure you have an SL just in case, and set TP to the nearest pivot point.

I usually wait 1 hr for the market to make up its mind, and I will usually trade within that direction. Today was a good example of this, what does everyone think about this?

[/u]
I always have FibPivots v2 on my charts. It is one of the better leading indicators as price always respects them. I do agree that trading with a a good "nautical chart" gives you a better sense of things rather than being adrift in the middle of the ocean. I also use 200 EMA envelopes .... they always seem to work too....
  • #386
  • Jun 24, 2010 7:11pm Jun 24, 2010 7:11pm
Hello to you all

As far as my understanding goes, price needs to cross both ALF lines for an entry (let's forget about other considerations such as stoc, macd etc for a moment) I am aware that if the price crosses ALFs in bullish this is a buy.

Here's a question, is it always a buy entry if the price crosses ALFs in bullish regardless of a direction of ALFs whether ALFs are in bullish or bearish?
  • #387
  • Jun 25, 2010 1:41am Jun 25, 2010 1:41am
Quoting bbolss
give me time ok? during weekend i will update 1st post with my last temp and rulez;]
now still on tests;p

  • #388
  • Jun 25, 2010 2:38am Jun 25, 2010 2:38am
Quoting vocc242
Hello to you all

As far as my understanding goes, price needs to cross both ALF lines for an entry (let's forget about other considerations such as stoc, macd etc for a moment) I am aware that if the price crosses ALFs in bullish this is a buy.

Here's a question, is it always a buy entry if the price crosses ALFs in bullish regardless of a direction of ALFs whether ALFs are in bullish or bearish?

Its important to look at the M5 ALF, if the M5 ALF line is above price action, then you could say its acting as resistance, therefore providing a bearish signal. If M5 ALF is below price action, the you could say its acting as support for a bullish signal.

The point of having the M5 ALF is to show support and resistance in regards to price action.

I hope i answered your question? Let me know if i didn't, i will try to clarify
it if i must.
  • #389
  • Jun 25, 2010 2:47am Jun 25, 2010 2:47am
Quoting jnevins
Had a perfect 11 for 11 trades this morning using the 5 min ALF with the 1 min ALF on the 1 min chart....
nice job!! What broker do you have? I know GBPJPY is a nice pair but sometimes the spread is too much, I've been looking at EURJPY during Asian session, its looking rather nice. EURJPY usually doesn't have as much of a higher spread then GBPJPY.
  • #390
  • Jun 25, 2010 3:50am Jun 25, 2010 3:50am
half +10 half +19 (i was moving sl to 5min alf) so closed at touch
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  • #391
  • Jun 25, 2010 4:04am Jun 25, 2010 4:04am
and +20
reentry at break last low
hmm it is friday mayby i will end for tooday
dont wanna be greedy ;p will se;]
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  • #392
  • Jun 25, 2010 4:31am Jun 25, 2010 4:31am
Hi bbols

Giving your system a bash. I trade gbp/usd . Went short on the 2 red vertical lines for 10 pips each.

So far so good.

Thanks
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  • #393
  • Jun 25, 2010 4:48am Jun 25, 2010 4:48am
Quoting hardearned
Hi bbols

Giving your system a bash. I trade gbp/usd . Went short on the 2 red vertical lines for 10 pips each.

So far so good.

Thanks
Where did you get the alf meter from ?
Look at something long enough, you will eventually get it.
  • #394
  • Jun 25, 2010 4:57am Jun 25, 2010 4:57am
Couldnt resist


Took another 10.

Traco check on the original Alf thread from Lou G . I think Pitlou posted the indicators.
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  • #395
  • Jun 25, 2010 5:00am Jun 25, 2010 5:00am
1st post updated !!!!!!!!!!!!!
  • #396
  • Jun 25, 2010 5:08am Jun 25, 2010 5:08am
Quoting hardearned
Couldnt resist


Took another 10.

Traco check on the original Alf thread from Lou G . I think Pitlou posted the indicators.
Thanks
Look at something long enough, you will eventually get it.
  • #397
  • Jun 25, 2010 5:23am Jun 25, 2010 5:23am
Quoting bbolss
and again if you like my system please rate it
i dont known why we have 4 stars only..

so what do you Guys think?
i would love to see comments/ ideas lets make the best scalping strategy ever !
did you think about skype room? Let's get in touch and make a best system together.
  • #398
  • Jun 25, 2010 5:30am Jun 25, 2010 5:30am
yep
i created some room on free nice server where we can use mics also sometimes
in 1st post now also !
  • #399
  • Jun 25, 2010 7:01am Jun 25, 2010 7:01am
try one more time it must work
anyone else have problem with last tpl from 1st post?
  • #400
  • Jun 25, 2010 9:41am Jun 25, 2010 9:41am
Quoting eurisko
nice job!! What broker do you have? I know GBPJPY is a nice pair but sometimes the spread is too much, I've been looking at EURJPY during Asian session, its looking rather nice. EURJPY usually doesn't have as much of a higher spread then GBPJPY.
I'm using JadeFX for my demo acct right now. They are a STP (straight through processor) ECN with low spreads and lightning fast execution. The typical spread on the GY during the NY session has been 2.5 pips with a .6 pip commission.
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