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Trendline Scalping 4hr timeframe

  • #541
  • Jul 31, 2010 3:01am Jul 31, 2010 3:01am
Quoting sam2vt
Thanks driftwood as u clear my doubt.

Thanks for Ezzy your kind sharing.
No probs Sam....sorry for the misinformation......I thought that my nn indicated sell with the first and second legs as per my previous post......strange
What you do is a reflection of you....what I do is a reflection of me.
  • #542
  • Jul 31, 2010 4:07am Jul 31, 2010 4:07am
guys fixed up the youtube video

Inserted Video


also for those that dont have the nnclient i have you can download it from this post
Attached File(s)
File Type: zip dave486.zip   23 KB | 458 downloads
  • #543
  • Jul 31, 2010 10:51am Jul 31, 2010 10:51am
Quoting david486
guys fixed up the youtube video
Dave,

in trade type I just see "gbp/jpy no trades" and nothing else.

Please help.

Thanks,
fxnub
Attached Image (click to enlarge)
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  • #544
  • Jul 31, 2010 6:53pm Jul 31, 2010 6:53pm
Quoting fxnub
Dave,

in trade type I just see "gbp/jpy no trades" and nothing else.

Please help.

Thanks,
fxnub
hey fxnub, i reset the server so there are no trades. i may put the usd/chf trade back up though. as for the toher pauirs will wait this week for some more trades to be generated. have been trading 5 pairs so there will be some trades happening. Did you watch the video on the setup?
  • #545
  • Jul 31, 2010 11:05pm Jul 31, 2010 11:05pm
Great thread guys. I'm a new member and have been reading thru the thread and trust to finish by Monday. Thx to all for sharing & hope I can contribute something positive here too. I usually do a personal weekend analysis for Euro & Cable but have been so captivated & impressed by this thread that I decided to forgo my analysis to read thru the thread as I find it very simple and unique.

Cheers, & God bless all
Low Risk Low Stress High Reward High Probability Trades
  • #546
  • Aug 1, 2010 12:03pm Aug 1, 2010 12:03pm
Just signed up as a junior member after reading this great thread. Thanks so much David et al. for all your hard work and for sharing this elegant yet simple method.

I look forward to great success for everyone.

May the Pips be with you!
  • #547
  • Aug 1, 2010 3:51pm Aug 1, 2010 3:51pm
Quoting david486
guys sorry wasnt around for the gy trade. posting this from my iphone via rdp very laggy.

+43gy pips closed early last few bars for the week though the 50pip tp was hit


great week, hope all made

the tally is

gy-50
uc+30
ey+40
au+30
gy+43(50 for those that took the tp)
---------------
+93(+100) pips for the week

ill have auto execute + hopefully a new video for those that are confused with the autoexecute option

have a great weekend all!
Thanks for the good work.
I have one more question....Pls how do i auto trade your NN
  • #548
  • Aug 1, 2010 3:59pm Aug 1, 2010 3:59pm
Scalping is a rather specific type of trading. It is opening a position and holding it for anywhere from as little as seconds (which brokers hate and you shouldn't do) to as long as 5 or maybe even 10 minutes.

Most actual "scalping" involves a trade held for between 1 and 3 minutes.

Can someone explain to me exactly how it is that this system, with positions that can be held for several days, is in any way a "scalping" system?

Please don't take my question to mean I'm bashing on you or something ... because that isn't my intention at all. I am simply trying to understand.
  • #549
  • Aug 1, 2010 6:15pm Aug 1, 2010 6:15pm
Vaid or not ? does sunday open bars count or is it to risky ?
if they count looks like may have a AUD USD setup

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 136 KB


depending on how far back you go 2 could have been 3 to i guess
  • #550
  • Aug 1, 2010 6:19pm Aug 1, 2010 6:19pm
guys i think the PT said be the next closet trendline and use the trendline that u r trading off of as a TS,JUST MY 2 CENTS
  • #551
  • Aug 1, 2010 7:27pm Aug 1, 2010 7:27pm
Quoting mrcharlotte
Thanks for the good work.
I have one more question....Pls how do i auto trade your NN
mr charlotte have you watched the video? the autotrade works of mouse clicks and the setup is explained in the video. it records on the screen where your buy and sell buttons are and when a sell or buy comes from the host it will click on the locations recorded. this means once setup you cannot move the order window.
  • #552
  • Aug 1, 2010 7:28pm Aug 1, 2010 7:28pm
Quoting kareem
guys i think the PT said be the next closet trendline and use the trendline that u r trading off of as a TS,JUST MY 2 CENTS
pt? could you please elaborate?
  • #553
  • Edited 9:14pm Aug 1, 2010 8:37pm | Edited 9:14pm
Quoting TradeBoss
Scalping is a rather specific type of trading....
several days? most i have held a position with this method is 3hrs, the rest tp's were all hit within the hour. maybe dave can elaborate on why he called the thread trendline scalping. I dont see the importance of the terminology used. i guess if it makes you fell better you could call it swing trading.
  • #554
  • Aug 1, 2010 9:36pm Aug 1, 2010 9:36pm
Hey guys,

what do you think, do we have some opportunities here?
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  • #555
  • Aug 1, 2010 10:56pm Aug 1, 2010 10:56pm
hello
GJ and EJ no trades now..
is the server ok?

I just try this method now..

btw, if I see more than 2 pairs there, can I trade in all of that pairs, or should I choose only one of them?
  • #556
  • Aug 1, 2010 11:55pm Aug 1, 2010 11:55pm
Quoting toiii
hello
GJ and EJ no trades now..
is the server ok?

I just try this method now..

btw, if I see more than 2 pairs there, can I trade in all of that pairs, or should I choose only one of them?
toi you can trade all pairs. theres 5(might add another soon)
ey and gy have autotrade enabled on them, the rest will be manual entries. As for now there are no trades accross the pairs hopefully soon there should be some.
  • #557
  • Aug 2, 2010 12:02am Aug 2, 2010 12:02am
Quoting fguru
Hey guys,

what do you think, do we have some opportunities here?
Hi fguru...as per my understanding the 2nd leg should not be the current candle...the trendline should have touched 2 previous highs or 2 previous lows.

David please correct me if i am wrong
  • #558
  • Aug 2, 2010 12:10am Aug 2, 2010 12:10am
guys for all those who are a bit confused here's an example of a gy trade which happened on friday and was listed in the nnclient.
on the 3rd touch it hit almost to the pip and retracted for a cool 50pips
Attached Image
  • #559
  • Aug 2, 2010 12:24am Aug 2, 2010 12:24am
Quoting david486
toi you can trade all pairs. theres 5(might add another soon)
ey and gy have autotrade enabled on them, the rest will be manual entries. As for now there are no trades accross the pairs hopefully soon there should be some.
What do you mean by autotrade enabled on ey and gy? I don't have to set buy/sell (accross my pointer to buy and press b, to sell and press s)?
Sorry, still confused..
  • #560
  • Aug 2, 2010 1:05am Aug 2, 2010 1:05am
Quoting toiii
What do you mean by autotrade enabled on ey and gy? I don't have to set buy/sell (accross my pointer to buy and press b, to sell and press s)?
Sorry, still confused..
ok when there is a ey and gy trade you check checkbox next to the trade in the nnclient, select autoclick then setup have your order windows setup for one click execution open then select the text box for the setup for the corresponding pairs and move the mouse over to the buy and sell buttons and press b for buy and s for sell. you do this each for both pairs. a 'set' wll appear when the locations are recorded. did you watch the video?
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