Urban Towers Scalping Strategy | Page 15 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

Crazy Towers + 12/24h: Trading Tower and Valley Patterns 22 replies

strategy builder/tester for new scalping strategy 1 reply

1M & 5M Scalping System (Scalping Paradise) 21 replies

Looking for the urban towers indicator 2 replies

Attachments: Urban Towers Scalping Strategy
Exit Attachments

Urban Towers Scalping Strategy

  • #281
  • Nov 25, 2010 6:48am Nov 25, 2010 6:48am
Quoting Carllos
usdjpy
Did you buy @ 83.55 because you wanted price to clear the psych level of 83.50? It looks as though you could have entered at the 3rd candle high but I don't know what that price was. Just trying to see how others trade this strategy. Thanks, p.
  • #282
  • Nov 25, 2010 7:34am Nov 25, 2010 7:34am
Quoting piprac
Did you buy @ 83.55 because you wanted price to clear the psych level of 83.50? It looks as though you could have entered at the 3rd candle high but I don't know what that price was. Just trying to see how others trade this strategy. Thanks, p.
1 pip above last high
"Hoe ur pips mate?" fxcarllos
  • #283
  • Edited 10:20am Nov 25, 2010 8:36am | Edited 10:20am
sl not hit (low is at 83.521 and sl @83.51)
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-25_1434_001.png Size: 79 KB
"Hoe ur pips mate?" fxcarllos
  • #284
  • Nov 25, 2010 12:56pm Nov 25, 2010 12:56pm
Quoting Carllos
sl not hit (low is at 83.521 and sl @83.51)

you been on the sherbets Carllos ?
  • #285
  • Nov 25, 2010 12:59pm Nov 25, 2010 12:59pm
still in too by 1 pip
Attached Image (click to enlarge)
Click to Enlarge Name: 17052010.jpg Size: 110 KB
  • #286
  • Nov 26, 2010 12:39am Nov 26, 2010 12:39am
Quoting stricky1967
still in too by 1 pip


+14 pips, risk of 5 pips, almost 1:3 r/r, maybe should have let it run up to around 35, still trending higher
Attached Image (click to enlarge)
Click to Enlarge Name: 17052010.jpg Size: 97 KB
  • #287
  • Nov 26, 2010 3:23am Nov 26, 2010 3:23am
GU trade sl 16 (later 5) tp 35.....took this before realising 'red' news.

what I like is the r/r with this trading method
Attached Image (click to enlarge)
Click to Enlarge Name: 17052010.jpg Size: 93 KB
  • #288
  • Edited 9:57am Nov 26, 2010 9:41am | Edited 9:57am
Sorry guys, can´t post attachments. There is an FF server problem

todays trades (closed):
UJ +14 (from yesterday)
GU +39
UC +23

open trades:
UC long 1.0196
EU short 1.3244
AU short 0.96525
"Hoe ur pips mate?" fxcarllos
  • #289
  • Nov 26, 2010 9:43am Nov 26, 2010 9:43am
Quoting stricky1967
+14 pips, risk of 5 pips, almost 1:3 r/r, maybe should have let it run up to around 35, still trending higher
See what works for you. I found that >80% time it will retrace at 100% fib so i never let it run
"Hoe ur pips mate?" fxcarllos
  • #290
  • Nov 26, 2010 12:37pm Nov 26, 2010 12:37pm
Quoting Carllos
See what works for you. I found that >80% time it will retrace at 100% fib so i never let it run

thanks Carllos, will take your advise.
  • #291
  • Nov 26, 2010 12:43pm Nov 26, 2010 12:43pm
Its friday, so i close all my trades around 6.30pm GMT=0;

closed all open trades:
UCad long 1.0196 --> +0 (break-even)
EU short 1.3244 --> +11
AU short 0.96525 --> +19

All closed trades today: +14 +39 +23 +0 +11 +19 = +106

I think its more then enough!!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010-11-26_1851_001.png Size: 76 KB
Click to Enlarge Name: 2010-11-26_1851.png Size: 84 KB
Click to Enlarge Name: 2010-11-26_1850.png Size: 79 KB
"Hoe ur pips mate?" fxcarllos
  • #292
  • Nov 28, 2010 6:57pm Nov 28, 2010 6:57pm
Has anyone seen a gap in forex that has not been filled? wondering..
"Hoe ur pips mate?" fxcarllos
  • #293
  • Nov 29, 2010 1:07am Nov 29, 2010 1:07am
Quoting pauly
Hi everyone!

funny to finally find a Trend & pullback based thread here


Navin I know your Youtube vids from the beginning, however I guess this is one of Your best performing systems


.
Hi Pauly,

I wouldn't say this is my best performing system but this is definitely the one that has the most followers. I'm glad you're making use of it though. Its a good system.

- Navin Prithyani
  • #294
  • Nov 29, 2010 1:08am Nov 29, 2010 1:08am
Quoting Carllos
Its friday, so i close all my trades around 6.30pm GMT=0;

closed all open trades:
UCad long 1.0196 --> +0 (break-even)
EU short 1.3244 --> +11
AU short 0.96525 --> +19

All closed trades today: +14 +39 +23 +0 +11 +19 = +106

I think its more then enough!!!
Good trading on Friday

I personally had a rough trading day on Friday and had to hedge but managed to take +104 pips.

Keep up the good work !

- Navin Prithyani
  • #295
  • Nov 29, 2010 5:40am Nov 29, 2010 5:40am
For those wondering what is the perfect move i´m looking for here is a clear image. A perfect breath ending up in a wick bar (bar with a tail greater or equal to body on the upside) right on the rainbow.

This is a clear sign of profit in Urban Towers strathegy
Attached Image
"Hoe ur pips mate?" fxcarllos
  • #296
  • Nov 29, 2010 6:27am Nov 29, 2010 6:27am
thanks carllo for the precise example...but just to clarify, would I be right to say that it makes a better entry when the MAs are not too congested, and the angle is steeper? And that it's best when only the wick touches the MA?

Btw, do you trade this method only in busy hours? Sorry if I'm asking too much but I'm very eager to learn this straightforward system...
  • #297
  • Nov 29, 2010 11:25am Nov 29, 2010 11:25am
Quoting n.prithyani
Hi Pauly,

I wouldn't say this is my best performing system but this is definitely the one that has the most followers. I'm glad you're making use of it though. Its a good system.

- Navin Prithyani

May I ask what is your best performing system Navin?
  • #298
  • Nov 29, 2010 4:53pm Nov 29, 2010 4:53pm
Quoting natnimrey
thanks carllo for the precise example...but just to clarify, would I be right to say that it makes a better entry when the MAs are not too congested, and the angle is steeper? And that it's best when only the wick touches the MA?

Btw, do you trade this method only in busy hours? Sorry if I'm asking too much but I'm very eager to learn this straightforward system...
I only have A, B, C rules. No specific rules about time. I dont like fridays (last one i made +100 pis), i dont like 23.00pm-7am (GMT time) but there is money there to be made when BOJ takes action, i dont like.. a lot of things! But i follow A,B,C whatever i do, whenever i do. Try what pleases you.

One thing i recomend is for you to build a trading simulator EA, insert rainbow and trade.. you can do a week trade in couple of hours. It builds confort and helps you test stuff
"Hoe ur pips mate?" fxcarllos
  • #299
  • Nov 30, 2010 8:08am Nov 30, 2010 8:08am
missed this one
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-30_1406.png Size: 71 KB
"Hoe ur pips mate?" fxcarllos
  • #300
  • Nov 30, 2010 9:52am Nov 30, 2010 9:52am
eurusd
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-30_1550.png Size: 29 KB
"Hoe ur pips mate?" fxcarllos
0 traders viewing now