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Janqie "MadScalper" 1min trading

  • #101
  • Jul 6, 2010 10:06am Jul 6, 2010 10:06am
Quoting janqie
Hey sam
Nice to see your trades.
Those trades went good into proofit but I would not take them
First one. If you look at CCI on pullback histogram crossed zero line to upside
and thats not good setup for me.
Hi Janqie,

Thanks for patiently answering questions for all of us although I see we've been swamping you with queries.

I don't really understand what you mean in your explanation to Sam. Its quite common that when there's a pullback, the CCI would cross zero line, isn't it.

cheers.
  • #102
  • Jul 6, 2010 10:52am Jul 6, 2010 10:52am
Hello guys,
Realy nice to see you here from babypips.
No worries you are not bothering me with questions its good that you ask.
This is why I am here and if my answers makes things more clear then I'm happy
http://i47.tinypic.com/otf7ra.jpg
In this case we have pullback witch is went throo shade a bit.
I've noticed that if price is doing bigger move someyhing like general pullback
it often goes through shade a bit and its nothing wrong if CCI histogram stayes in trend direction.
But trades like this needs to be taken with caution
If we try to analize this situation we get enough clues to take the trade.
1. We got realy big pullback but it not look like correction becouse its not deeper than half of the move.
2. CCI histogram went above 100 level before pullback that means strong trend move
3. Histogram stayed above 0 level during pullback
4. We have trendline supporting our trade from 5 min timeframe
When I entered this trade and saw Histogram climbing above 100 level again
I knew this is good enough. If it would'nt cross that level I would consider it weak trade
and would got out with what i can.

http://i46.tinypic.com/2gwuuqg.jpg
Now if we talk about this situation. If we look at CCI indi.
Fast CCI witch is yelow line can go above zero line or visa versa in longs.
That is realy comon thing and there is nothing wrong becouse its fast enough.
But when we talk about Histogram it cant becouse main thing in CCI histogram
is zero line reject. We want to see Histogram climb to zero line during pullback
and after that reject it. If we see that and rejection is strong enough (if it goes throo 100 level after entry )
again we have strong clue to hold the entry.
But when Histogram is going in oposite side we can consider trend is weakening and sometimes it do reverse just after entry.
Hope that helps
Cheers
"Even a million miles journey starts with one single step"
  • #103
  • Jul 6, 2010 11:24am Jul 6, 2010 11:24am
Hi Jangie,
I love your M1 scalping system! However, I realised the most important is self discipline. Althought I got +45 and -10 for today's trade but most trade without SL and some break entry rules which is dangerous in this trading world!!!!!

I must learn to trade with full Jangie's M1 scalping rules and with continuous at least 3 months never burn the demo! Till than only i trade in live.

I do learn more and more from Jangie and other who posted their trade here.

Again thank you very much Jangie and keep it up!
  • #104
  • Jul 6, 2010 11:27am Jul 6, 2010 11:27am
Hi again Jangie,
Should this consider beauty setp up?
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  • #105
  • Jul 6, 2010 2:46pm Jul 6, 2010 2:46pm
Quoting sam2vt
Hi again Jangie,
Should this consider beauty setp up?
Sam...I'm by no mean an expert but I don't think your example is a "beauty" according to Jenqie's rules. You do have a downtrend and the pull back is in
the shaded area, but it still doesn't look right..too much side ways action.
From what Jenqui has been showing us you want nice long shaded trends and
then a small pullback and then continuation of that trend..not choppy action
as seen in your chart.

Here's some examples of trades I took today using this method. I find that if I follow the rules exactly it usually works well. I really like it when the Yellow CCI line makes a very steep angle as it crosses the Black line, usually indicating strong selling or buying to confirm your trade.

Hope this helps...I'm just trying to be patient and wait for the "beauties" to show up.

-creosote
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  • #106
  • Edited 4:41pm Jul 6, 2010 4:28pm | Edited 4:41pm
Hey sam
You are right most important thing is self discipline.
You have patiently wait for setup and when it comes act. I had my own
experiance with "bending the rules" and I can say ir was just in one side ( down )
You can do things like that if only you are experimenting with setings to find what is better.
But all the traders needs to be weary strict when trading.
Good thinking about demoing and live trading
"Even a million miles journey starts with one single step"
  • #107
  • Jul 6, 2010 4:32pm Jul 6, 2010 4:32pm
Quoting creosote7
I find that if I follow the rules exactly it usually works well.
I'm just trying to be patient and wait for the "beauties" to show up.

-creosote
That is soooo true!
Thank you for veary good explanation you are right and congrats with
nice beuties!
"Even a million miles journey starts with one single step"
  • #108
  • Jul 6, 2010 9:37pm Jul 6, 2010 9:37pm
Quoting creosote7
Sam...I'm by no mean an expert but I don't think your example is a "beauty" according to Jenqie's rules.
Thanks creosote. I have good lesson from your explanation.
  • #109
  • Jul 7, 2010 12:46am Jul 7, 2010 12:46am
Is this consider good setup which regarless of time (London session not started yet).

I may keep posting the setup that I am doubt for me to learn how to confirm the good setup according to the rules. Perhaps everyone here do not mad on me. Since I feel I will learn in this way faster other than keep guessing by my own.

Thank you in advanced for your patience and happy trading with Jangie's 1M scalp.
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  • #110
  • Jul 7, 2010 12:52am Jul 7, 2010 12:52am
After I looked at the chart again after posting, realised that actually it is declining from the 1st pullback. Other than that any comment?
  • #111
  • Jul 7, 2010 2:35am Jul 7, 2010 2:35am
Quoting sam2vt
Is this consider good setup which regarless of time (London session not started yet).

I may keep posting the setup that I am doubt for me to learn how to confirm the good setup according to the rules. Perhaps everyone here do not mad on me. Since I feel I will learn in this way faster other than keep guessing by my own.

Thank you in advanced for your patience and happy trading with Jangie's 1M scalp.
Hey Sam
Yes basicly it is good setup. Look how CCI filtered bad entrys when price was in chanel.
After price got out of it CCI confirmed entry.
Dont worry you will learn all
Cheers
"Even a million miles journey starts with one single step"
  • #112
  • Jul 7, 2010 2:38am Jul 7, 2010 2:38am
Good morning everyone
Lets find some Beutyes!
Many pips for all
"Even a million miles journey starts with one single step"
  • #113
  • Jul 7, 2010 2:43am Jul 7, 2010 2:43am
First baby of this day +10
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"Even a million miles journey starts with one single step"
  • #114
  • Jul 7, 2010 3:07am Jul 7, 2010 3:07am
Morning Jangie (am from Asia it's 4pm here),

Y u didn't take this entry instead?
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  • #115
  • Jul 7, 2010 3:13am Jul 7, 2010 3:13am
Quoting sam2vt
Morning Jangie (am from Asia it's 4pm here),

Y u didn't take this entry instead?
Hey
No I did not took it becouse SL would be about 18 pips.
I want to take entry if SL is not bigger than 13 pips.
That makes RR ratio a bit higher.
"Even a million miles journey starts with one single step"
  • #116
  • Jul 7, 2010 3:18am Jul 7, 2010 3:18am
Quoting janqie
Hey
No I did not took it becouse SL would be about 18 pips.
I want to take entry if SL is not bigger than 13 pips.
That makes RR ratio a bit higher.
Got it! TQ
  • #117
  • Jul 7, 2010 3:22am Jul 7, 2010 3:22am
Hi Jangie.

What settings are you using on your main chart? Here is my EJ, and it is very different to yours.

I have not changed any settings , they are just what I down loaded from the first page.
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  • #118
  • Jul 7, 2010 3:22am Jul 7, 2010 3:22am
I have to end my trading day.
Had a call and have to drive to other city.
Its all about documentation always takes lots of time
Happy for this one beuty +10 for the day
Good luck everyone will be back later
"Even a million miles journey starts with one single step"
  • #119
  • Edited 3:38am Jul 7, 2010 3:28am | Edited 3:38am
Quoting Four Kids
Hi Jangie.

What settings are you using on your main chart? Here is my EJ, and it is very different to yours.

I have not changed any settings , they are just what I down loaded from the first page.
Hello Four Kids
This is my setings.
CCI is good on your chart and pic attached with other settings.
Also TPL file is in post #3 try to load it and youll get all you need
Attached Images
"Even a million miles journey starts with one single step"
  • #120
  • Jul 7, 2010 5:32am Jul 7, 2010 5:32am
Quoting kevin c
Hi Janqie

ok, I understand now. thank you and thank you for sharing this scalping strategy.

Do you think is it possible that you or we could create a discussion chat room (eg. skype) to have live trading using your system? It could help us more in understanding the correct entries and exits. what do you think?
Hey Kevin, I understand Janqie would find it hard to make time for Skype but we as Mad Scalper learners could go on skype and help each other out maybe? I am keen, I am a newbie though...
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