- #26
- Aug 9, 2010 8:03pm Aug 9, 2010 8:03pm
- Joined Oct 2007 | Status: Former institutional dogsbody | 1,253 Posts
I'm not trying to convince anyone. I'm not in the "convincing" business.
Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies
Fibonacci Scalping Technique 7 replies
1M & 5M Scalping System (Scalping Paradise) 21 replies
Scalping Technique Made Easy 209 replies
DislikedThis strategy looks good; could u explain a bit more on why we need to avoid certain candles - you have shared one, any others?Ignored
DislikedYes, scapzmalay, can you explain to me as well why certain types of candles need to avoid? Are they the 'inverted hammers' type of candles?
Btw, basically if using your system, if the previous H1 candle is 'BEARISH', we 'BUY' at 50% fibo, and if it is 'BULLISH', we 'Sell' at 50% fibo? Is that correct?
And if it is Bullish, we wait for it to reach the 50% fibo line before we place Sell order, rite?Ignored
DislikedI've made a few tiny trades with it and made a few cents.
It's easy to check out. Set up a chart with the indicator and watch it. I do that and see more winners than losers.Ignored
DislikedBro Sclpzmalay...can you post the mq4 file for the VEC Scalperz Fibo indic?
I want to edit the fibo levels and the color.
Many thanks! and interesting system, btw.
Imran
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DislikedTrusted....!!!
Your Win Ratio are more than LOSS!
Just follow and be patience...
If price not move to 50% fibo just relax.....trade next hours
This technique can be trade anytime you wantIgnored
DislikedBecause the Fibo levels are calculated with much higher precision than a pip's 4th decimal, safest bet is to zoom all the way in, use a 1 min TF and enter only if the candle actually crosses the 50% level. The MT4 platform actually uses 6 decimals internally, so the graphical margin of error is pretty big.
Hope I made a bit of sense, sorry if I didn't.
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DislikedThank you so much for your system, sclpzmalay, but I still need to ask you to clarify a bit more. Do we start your system just in the beginning of the new current candle?
What I mean is that, let's say right now it's 6.43am in the morning. So do we wait and we start only at 7.01am for the new current candle to newly appear and look at 6am previous candle? Or say another example is it is now 2.35pm...do we wait and start at 3.01pm and look at previous 2pm candle?
And for your system, it doesn't matter if we place order with the trend...Ignored
DislikedGrande
If you follow the indicator, as soon as it shows on the charts, place your entry/stop/ limit - at least for me is easy that way.Ignored