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VolcanoWMA Scalping

  • #101
  • Nov 19, 2010 9:24am Nov 19, 2010 9:24am
i advice no more short entry for the day but i can be wrong...

http://img502.imageshack.us/img502/7...0metatrade.png
if you win you can share if you loose you can try to sell your shit.
  • #102
  • Nov 19, 2010 12:45pm Nov 19, 2010 12:45pm
thank you for sharing your experience. I think some of the arrows appears improperly.
First green arrow appears when blue MA's compressed others streched.

Quoting kikoolol
here is a very good setup we've got on UJ:

http://img703.imageshack.us/img703/7...0metatrade.png

I missed it, here is the main problem with this trading style, I can't spend all my life sticked to my screen waiting the good setup.....
  • #103
  • Edited 12:57pm Nov 19, 2010 12:53pm | Edited 12:57pm
i'm sorry mate but i see no blue MA's...
of course lots of arrows appear improperly that's why it is a discretionary method and not really a system.
if you win you can share if you loose you can try to sell your shit.
  • #104
  • Nov 19, 2010 1:12pm Nov 19, 2010 1:12pm
Quoting kikoolol
i'm sorry mate but i see no blue MA's...
of course lots of arrows appear improperly that's why it is a discretionary method and not really a system.

yellow )
  • #105
  • Nov 20, 2010 8:31pm Nov 20, 2010 8:31pm
Kikoolol,

Just a quick question? Your wma's are set-up differently than the
rainbow or guppy system. Have you found an advantage to your
wma's set-up vs. theirs? For example your wma's do not hug
the candles quite as closely. Any advantage to having the wma's
further away from the candles?

Thanks

snarlyjack
  • #106
  • Nov 21, 2010 3:43am Nov 21, 2010 3:43am
Quoting snarlyjack
Kikoolol,

Just a quick question? Your wma's are set-up differently than the
rainbow or guppy system. Have you found an advantage to your
wma's set-up vs. theirs? For example your wma's do not hug
the candles quite as closely. Any advantage to having the wma's
further away from the candles?

Thanks

snarlyjack
yeah, probably something to do with my brain.

in fact after hundreds (thousands?) hours watching rainbows i woke up one morning and realized that short terms ma's are useless they just follow the price too closely and prevented me to see what's going on clearly. (what a shame so many hours to figure out this...)

i realized also that waiting after the very long term ma's, my entries were always too late.

this setup is based on my screen-time experience.
if you win you can share if you loose you can try to sell your shit.
  • #107
  • Nov 22, 2010 7:58am Nov 22, 2010 7:58am
EU:

http://img259.imageshack.us/img259/2...metatradea.png

GU:

http://img155.imageshack.us/img155/7...0metatrade.png

EJ:

http://img13.imageshack.us/img13/713...0metatrade.png
if you win you can share if you loose you can try to sell your shit.
  • #108
  • Nov 23, 2010 2:02pm Nov 23, 2010 2:02pm
Today London and New York cross was really good on EU... hope you enjoy it !
if you win you can share if you loose you can try to sell your shit.
  • #109
  • Nov 23, 2010 2:29pm Nov 23, 2010 2:29pm
see attachment for today's stop loss setup...
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.PNG Size: 61 KB
if you win you can share if you loose you can try to sell your shit.
  • #110
  • Nov 23, 2010 2:36pm Nov 23, 2010 2:36pm
i let you struggle with TP, lol !
if you win you can share if you loose you can try to sell your shit.
  • #111
  • Nov 24, 2010 9:04am Nov 24, 2010 9:04am
no doubts, 1M TF is definitly better for scalping.
we have some good signals everyday...

just manage entry with smaller TF such as 5 or 10 secs, take profit early and it works really great.

smaller TF really help to detect fake arrows...
if you win you can share if you loose you can try to sell your shit.
  • #112
  • Nov 24, 2010 10:55am Nov 24, 2010 10:55am
Nice signal
Attached Image (click to enlarge)
Click to Enlarge Name: Bildschirmfoto-3.png Size: 23 KB
  • #113
  • Nov 24, 2010 12:52pm Nov 24, 2010 12:52pm
Quoting Zendo
Nice signal
I might be lucky for my first try with this system I took this one
  • #114
  • Nov 24, 2010 1:23pm Nov 24, 2010 1:23pm
happy for you guys ;-)
if you win you can share if you loose you can try to sell your shit.
  • #115
  • Nov 25, 2010 8:18am Nov 25, 2010 8:18am
Just wanted to say this is AMAZING! I've been trying to figure out a gmma method that would work for me. I tried the rainbow method and failed miserably.

you have shown me the way

Pip on!
  • #116
  • Nov 25, 2010 9:04am Nov 25, 2010 9:04am
on meta trader I don't see how you added the moving averages. There are so many options for the moving average? I know it's weighted, but then is it simple, exponential, linear or smoothed? Thanks
  • #117
  • Nov 25, 2010 9:40am Nov 25, 2010 9:40am
Quoting beehivesjoe
on meta trader I don't see how you added the moving averages. There are so many options for the moving average? I know it's weighted, but then is it simple, exponential, linear or smoothed? Thanks
you give the answer in your question: it's weighted moving average aka WMA
then it's not "simple" nor "exponential"

on MT4 its called Linear weighted.
but anyway the template is in the first post.

if you are new to forex you will probably be a bit disappointed with this strategy it needs some experience, screen-time and basics knowledges to trade it correctly.
if you win you can share if you loose you can try to sell your shit.
  • #118
  • Nov 25, 2010 9:46am Nov 25, 2010 9:46am
Are you trading for a living? And no I'm not new. I've been trading for over a year, I just have problems with sticking to a strategy. I never fully learn a strategy because I just switch. I've been trying to figure out a GMMA strategy that I like and stick to it.

Do you only trade when you get an error? It almost seems like you would be a lot more profitable trading just the pullbacks and then a reversal candlestick? What's your favorite timeframe? And a lot of people like two timeframes, 1 signal 1 trigger, why do you disagree with that?
  • #119
  • Nov 25, 2010 9:51am Nov 25, 2010 9:51am
first, i would like to say thanx you all for your feedbacks !

finally maybe i will continue to post some charts in this thread

feel free to do it too (even your losses) .

for my part when i loose most of the time it's when i trade some other ways, so i think i will really start to trade only this strategy and ONLY THIS ONE !

today i was not sticked to my screen but i 've won a small scalp and i can consider that i'm done for the day.

it was on EJ:

http://img263.imageshack.us/img263/7...0metatrade.png

http://img703.imageshack.us/img703/3...primary.th.png
if you win you can share if you loose you can try to sell your shit.
  • #120
  • Nov 25, 2010 10:09am Nov 25, 2010 10:09am
Quoting beehivesjoe
Are you trading for a living? And no I'm not new. I've been trading for over a year, I just have problems with sticking to a strategy. I never fully learn a strategy because I just switch. I've been trying to figure out a GMMA strategy that I like and stick to it.

Do you only trade when you get an error? It almost seems like you would be a lot more profitable trading just the pullbacks and then a reversal candlestick? What's your favorite timeframe? And a lot of people like two timeframes, 1 signal 1 trigger, why do you disagree with that?

at the first question i've already answered to your pv message.
and thanx for the 2nd message, lol. (did not notice that you where the guy who sent me these pv messages...)

of course when you get it you can trade it without the indicator but it's really nice to have something alerting you while you are doing some other stuffs ;-)

because i can't imagine watch a 1M chart and do not do anything else... even watch 10 secs charts sounds very boring for me, it's too slow.

and i do not disagree with anything i just show you the way i trade if you switch to longer TF to confirm entry i think it's useless for grabbing just few pips. my confirmation is the smaller TF...
if you win you can share if you loose you can try to sell your shit.
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