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Janqie "MadScalper" 1min trading

  • #241
  • Aug 2, 2010 11:49am Aug 2, 2010 11:49am
Hi Janqie, how have you been?
On vacation?
  • #242
  • Aug 3, 2010 1:22am Aug 3, 2010 1:22am
Hi Janqie.

May I know how you personally use MML in scalping?
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #243
  • Aug 8, 2010 3:25pm Aug 8, 2010 3:25pm
MML is used for the following:

a) Profit taking
b) Final profit exits. I use 1st level as a bank an 2nd level as a take out.
c) justify entrys - I never enter a trade when it is close to a level

These lines are calculated based on price range, so due to the tight range over the last week or so, the levels are much tighter. This has proved efficient for me these weeks to take out where possible. It has also kept me out of many rangebound trades plating around levels.

Hope this helps.

Janqie, good to see you develop this further, I have also played about from the original Petetrader edition. Will post more details later as it uses more analysis of the market prior to entry.
The Kamakazi
  • #244
  • Aug 8, 2010 6:39pm Aug 8, 2010 6:39pm
Thanks heaps! My next question is:

What P and MMPeriod do you use for the TF you trade?

For example, the default setting is 64/60 respectively (am using MML_Multi_Option_v1.24).

I've read of recommendations to use P=32 (instead of 64) for TFs M1 thru M15.


Quoting Bl888
MML is used for the following:

a) Profit taking
b) Final profit exits. I use 1st level as a bank an 2nd level as a take out.
c) justify entrys - I never enter a trade when it is close to a level

These lines are calculated based on price range, so due to the tight range over the last week or so, the levels are much tighter. This has proved efficient for me these weeks to take out where possible. It has also kept me out of many rangebound trades plating around levels.

Hope this helps.

Janqie, good to see you develop this further, I have also...
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #245
  • Aug 9, 2010 1:36am Aug 9, 2010 1:36am
Quoting imranyusof
Thanks heaps! My next question is:

What P and MMPeriod do you use for the TF you trade?

For example, the default setting is 64/60 respectively (am using MML_Multi_Option_v1.24).

I've read of recommendations to use P=32 (instead of 64) for TFs M1 thru M15.

I use default settings as by changing it your levels are far too close to pick up good trending trades.
The Kamakazi
  • #246
  • Aug 9, 2010 1:41am Aug 9, 2010 1:41am
Makes sense. Plus P=32 probably makes you second-guess yourself too often.

Thanks again!


Quoting Bl888
I use default settings as by changing it your levels are far too close to pick up good trending trades.
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #247
  • Aug 10, 2010 2:21am Aug 10, 2010 2:21am
How is everyone doing on this system recently? Markets have been pretty darn tough..
The Kamakazi
  • #248
  • Aug 10, 2010 2:59am Aug 10, 2010 2:59am
Hasn't been great, bit quiet from Janqie's side 2, hopefully improvement will come soon
  • #249
  • Aug 10, 2010 3:03am Aug 10, 2010 3:03am
Quoting trish7
Hasn't been great, bit quiet from Janqie's side 2, hopefully improvement will come soon
I think today people are staying out and closing out ready for FOMC tonight.

This week has been tough so far. Was an ok week last week.

These small trends are killing me....
The Kamakazi
  • #250
  • Aug 10, 2010 3:18am Aug 10, 2010 3:18am
Agreed.

In any case, Janqie's method is mostly about getting in on major trends following pullbacks anyway. When marquee economic events appear on the horizon, most scalping methods get unpredictable results.

Can't win 'em all. Might as well just sit this one out for a while.


Quoting Bl888
I think today people are staying out and closing out ready for FOMC tonight.

This week has been tough so far. Was an ok week last week.

These small trends are killing me....
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #251
  • Aug 10, 2010 3:21am Aug 10, 2010 3:21am
Quoting imranyusof
Agreed.

In any case, Janqie's method is mostly about getting in on major trends following pullbacks anyway. When marquee economic events appear on the horizon, most scalping methods get unpredictable results.

Can't win 'em all. Might as well just sit this one out for a while.

Note to myself: take the whole of Aug off next year
The Kamakazi
  • #252
  • Aug 10, 2010 3:43am Aug 10, 2010 3:43am
Speaking of which, I DO remember reading somewhere that September is the most volatile month for FX in any calendar year.

Dunno how true that is. Haven't tested it.

Quoting Bl888
Note to myself: take the whole of Aug off next year
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #253
  • Aug 10, 2010 5:09am Aug 10, 2010 5:09am
Hey guys
I was on my holidays!
I had a nice few weeks near the baltic sea here in Lithuania.
Bateries full now and back to trading
From tomorrow will be here and will look for beutifull setup
"Even a million miles journey starts with one single step"
  • #254
  • Aug 10, 2010 5:13am Aug 10, 2010 5:13am
Hey Bob
Nice to see ya again!
Looking forward to your thoughts about setings
"Even a million miles journey starts with one single step"
  • #255
  • Aug 10, 2010 11:11am Aug 10, 2010 11:11am
Nice to see your back, hope your enjoyed your holiday.
  • #256
  • Aug 10, 2010 4:13pm Aug 10, 2010 4:13pm
Welcome back Janqie. Hope everyone made some money from FOMC. Was a great move...... Well needed breakout on these ranges
The Kamakazi
  • #257
  • Aug 11, 2010 3:24am Aug 11, 2010 3:24am
Good morning
Took this first baby. I missed entry so took when second bar toched MML
with beter price +10
Nice to get back!
Attached Image (click to enlarge)
Click to Enlarge Name: nice one.gif Size: 27 KB
"Even a million miles journey starts with one single step"
  • #258
  • Aug 11, 2010 3:35am Aug 11, 2010 3:35am
Quoting janqie
Good morning
Took this first baby. I missed entry so took when second bar toched MML
with beter price +10
Nice to get back!
janqie, if you have a looser will you also post so that we get a full view ???
  • #259
  • Aug 11, 2010 3:48am Aug 11, 2010 3:48am
Quoting m78
janqie, if you have a looser will you also post so that we get a full view ???
Hey m78
Ok I will
"Even a million miles journey starts with one single step"
  • #260
  • Aug 11, 2010 4:01am Aug 11, 2010 4:01am
Hope you enjoyed your vacation. Have been anticipating your return and the next instalment in this interesting trading indicator.

Thanks for all the great information and helpful advice throughout this thread and the previous BP Madscalper forum.

I just wanted to check with you whether you take any notice of volumes before placing a trade.

Do you avoid trades when volumes are low? And if yes, what way are you determining the volume amount/size?

Thanks again

Gar
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