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  • #3,481
  • Edited 10:56am Jul 12, 2010 10:27am | Edited 10:56am
The last trades were scalping trades at M1 and M5 with the indicators: EMA 9/20/55/120, the pivots and the Bollinger Band(14), CCI(14) and RSI(14).
You can also take EMA10 and EMA50 instead of EMA9 and EMA55 or other EMAs or SMAs. By scalping I prefere to take a look at higher timeframes (M15, M30; H1, H4), too, before I go in the market. Do not scalping all the days or all the time,..., you could make the experience that you could loose all your money on your account. When I trade with scalping methodes, I wait for higher entry chances most of the time, since I get better probabilities.

The template for this art of scalping, see attachment, please.
Attached File(s)
File Type: tpl trigger's scalping template.tpl   13 KB | 299 downloads
File Type: mq4 PivotsD_v5.mq4   32 KB | 325 downloads
  • #3,482
  • Jul 12, 2010 12:20pm Jul 12, 2010 12:20pm
The 1 & 4hr charts show the channel going up, the pull back is marked around 111.12 and 110.80. The .12 point was hit and maintained the support but the EMA's on the 1hr have not committed yet to a run back to 112.47, first need to cut through 111.65 with cross on EMA. Nevertheless, entered long @ 111.15 TP 112.25. Will enter again @ 110.85 if it goes that way.
Make money or go broke... its the Forex way.
  • #3,483
  • Jul 12, 2010 12:31pm Jul 12, 2010 12:31pm
Trade the range at M1/M5 and wait for a breakout out of H1 range from 111.19 - 111.60 (mS2 = 111.19 and mS1 = 111.75) up or down.
Daily shows slightly down and H4 shows slightly up. May be there could built a second hammer at H4 above Pivot DS1 111.44.
  • #3,484
  • Jul 12, 2010 5:35pm Jul 12, 2010 5:35pm
The EMA's just broke some middle ground. The immediate range is 111.49-111.95. We should see a candle hit around 111.95, if the EMA's crack through that level [111.95] we are looking at candles hitting around 112.35. We are inching along toward 112.35
Make money or go broke... its the Forex way.
  • #3,485
  • Jul 12, 2010 7:13pm Jul 12, 2010 7:13pm
Quoting trigg
The last trades were scalping trades at M1 and M5 with the indicators: EMA 9/20/55/120, the pivots and the Bollinger Band(14), CCI(14) and RSI(14).
You can also take EMA10 and EMA50 instead of EMA9 and EMA55 or other EMAs or SMAs. By scalping I prefere to take a look at higher timeframes (M15, M30; H1, H4), too, before I go in the market. Do not scalping all the days or all the time,..., you could make the experience that you could loose all your money on your account....
can you please explain about it how to work with it what to look in it what are the signals

thanks

Ub
  • #3,486
  • Jul 12, 2010 7:16pm Jul 12, 2010 7:16pm
Quoting Fxmastersclb
The EMA's just broke some middle ground. The immediate range is 111.49-111.95. We should see a candle hit around 111.95, if the EMA's crack through that level [111.95] we are looking at candles hitting around 112.35. We are inching along toward 112.35
Ok, we hit 111.95 If we dont push on up to 112.31 from here, we wil see a pullback to 111.78 (minor support), from there the next direction willl be plotted.
Make money or go broke... its the Forex way.
  • #3,487
  • Jul 12, 2010 8:10pm Jul 12, 2010 8:10pm
Hi all after 2 weeks i got sell setup according my rules for Day trading.I took two positions...

I sold at 111.90 with SL 113.00 and first TP at 110.50


Why i sold :

3 Main MA on daily Down
Trendline is very strong on current price
Price retrace from 50 MA
FE 61.8 is very close and that is another resistance
Stochastick overbought (good position)
MACD down


We will see i took 2 positions with total risk 3 %


Cheers and trade safe

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpydaily.gif Size: 30 KB
"Buy on fear, sell on greed !!!
  • #3,488
  • Jul 12, 2010 8:35pm Jul 12, 2010 8:35pm
Originally Posted by Fxmastersclb http://cdn.forexfactory.com/images/buttons/viewpost.gif
The EMA's just broke some middle ground. The immediate range is 111.49-111.95. We should see a candle hit around 111.95, if the EMA's crack through that level [111.95] we are looking at candles hitting around 112.35. We are inching along toward 112.35

Quoting Fxmastersclb
Ok, we hit 111.95 If we dont push on up to 112.31 from here, we wil see a pullback to 111.78 (minor support), from there the next direction willl be plotted.
We had a pull back to 111.80, looks like we are consolidating around 111.80-95, if the EMA break .95 we heading to 112.15-30. However the 4hr chart is giving good sight toward 112.60. I hope we see it hit before 8am.
I am still long...
Make money or go broke... its the Forex way.
  • #3,489
  • Jul 12, 2010 10:55pm Jul 12, 2010 10:55pm
Quoting Petar_Serbia
Hi all after 2 weeks i got sell setup according my rules for Day trading.I took two positions...

I sold at 111.90 with SL 113.00 and first TP at 110.50


Why i sold :

3 Main MA on daily Down
Trendline is very strong on current price
Price retrace from 50 MA
FE 61.8 is very close and that is another resistance
Stochastick overbought (good position)
MACD down


We will see i took 2 positions with total risk 3 %


Cheers and trade safe

Petar
Hi Petar,

Thanks for the post. May I ask what MAs you use on your daily chart? From your chart I can see that one of them is SMA 50, what are the other two?

I enjoy reading your posts.
Cheers,
Learn2b
  • #3,490
  • Jul 13, 2010 1:52am Jul 13, 2010 1:52am
Hi Petar

A small question from me as well.
How you determine your TP and SL for every setup?
Is it base on FE?
Thanks for the help.

Coldzone
  • #3,491
  • Jul 13, 2010 2:05am Jul 13, 2010 2:05am
Originally Posted by Fxmastersclb http://cdn.forexfactory.com/images/buttons/viewpost.gif
The EMA's just broke some middle ground. The immediate range is 111.49-111.95. We should see a candle hit around 111.95, if the EMA's crack through that level [111.95] we are looking at candles hitting around 112.35. We are inching along toward 112.35

Quoting Fxmastersclb
Ok, we hit 111.95 If we dont push on up to 112.31 from here, we wil see a pullback to 111.78 (minor support), from there the next direction willl be plotted.
The move lost the drive around 112.04. The pull back to 111.78 showed true to shorts, TP on long were curtailed at 111.65.
Make money or go broke... its the Forex way.
  • #3,492
  • Jul 13, 2010 7:20am Jul 13, 2010 7:20am
I think you can see the are 50-100-200...I could be wrong!

Quoting Learn2b
Hi Petar,

Thanks for the post. May I ask what MAs you use on your daily chart? From your chart I can see that one of them is SMA 50, what are the other two?

I enjoy reading your posts.
Cheers,
Learn2b
  • #3,493
  • Jul 13, 2010 7:38am Jul 13, 2010 7:38am
Longer Term: If 111.05 will be definitely broken at H4 (ascending support line with the markers: 107.51¬2010.07.01; 109.31¬2010.07.07; 110.68¬2010.07.13) enter short with 5 positions at M5/M15. Then Target could be 109.80. 50/50 chance likewise for going up or down. My be better to trade the shorter M1/M5/M15 charts in a possible range of 111 - 112.10, since the direction are getting clearer.
  • #3,494
  • Edited 8:03am Jul 13, 2010 7:47am | Edited 8:03am
M1/M5: Enter short with 5 positions at 111.32 and wait if the former support line (see H4 #3493) will hold as resistance just now.
If not then will hedge the position at 111.55 if shooting star from 14:51 GMTZ+1 will be broken upwards. Wait if mS1 111.36 will be definitely broken.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ, 2010 July 13.jpg Size: 212 KB
  • #3,495
  • Jul 13, 2010 8:05am Jul 13, 2010 8:05am
Quoting trigg
M1/M5: Enter short with 5 positions at 111.32 and wait if the former support line (see H4 #3493) will hold as resistance just now.
If not then will hedge the position at 111.55 if shooting star from 14:51 GMTZ+1 will be broken upwards. Wait if mS1 111.36 will be definitely broken.
see #3494

5 posion more are hedged with Enter Long at 111.55 now.
Target: 111.68
  • #3,496
  • Jul 13, 2010 8:07am Jul 13, 2010 8:07am
Quoting trigg
see #3494

5 posion more are hedged with Enter Long at 111.55 now.
Target: 111.68
Price has reached daily Pivot at 111.70 (and upper line of Bollinger Band M30) just now.
Exit at 111.68

Profit: + 65 Pips
  • #3,497
  • Edited 8:25am Jul 13, 2010 8:08am | Edited 8:25am
Enter Short once more, with 10 positions at 111.70

Target: 111.30 (middle line of Bollinger Band M30).
  • #3,498
  • Jul 13, 2010 8:19am Jul 13, 2010 8:19am
Quoting trigg
Enter Short once more, with 10 positions at 111.70

Target: 111.30 (middle line of Bollinger Band M30).
trig wat forex agent u use?
10 positions at one time,will fingers become numb coz clicking too mnay times?

http://cdn.forexfactory.com/images/icons/icon10.gif
  • #3,499
  • Jul 13, 2010 8:25am Jul 13, 2010 8:25am
Quoting trigg
Enter Short once more, with 10 positions at 111.70
Target: 111.30 (middle line of Bollinger Band M30).
see #3497

111.58 is reached.
Delete the target and Exit at 111.58 all positions

Profit: + 112 pips
  • #3,500
  • Jul 13, 2010 8:28am Jul 13, 2010 8:28am
Quoting trigg
M1/M5: Enter short with 5 positions at 111.32...
see #3494

and go short with 5 positions more at 111.58 with Target: 111.30
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