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Ride The Slope Scalping Method

  • #41
  • Dec 15, 2010 9:45pm Dec 15, 2010 9:45pm
Quoting belka
Hi Pipstert, thanks for the excellent & simple scalping method. I have tried it yesterday on EU with good results.
May be you would like to try this MACD Colored indicator that I got from somewhere else. The MACD colored bar will change when it starts sliding up/down.
Thanks, but i'm doing fine with Regular macd.
"speak softly, and carry a big stick" Teddy Roosevelt
  • #42
  • Dec 16, 2010 3:53am Dec 16, 2010 3:53am
4:52 AM EST. MACD is flat. Price is flat. Sitting on my hands.
  • #43
  • Dec 16, 2010 4:08am Dec 16, 2010 4:08am
short@3223. 5:07 AM EST.
  • #44
  • Dec 16, 2010 4:52am Dec 16, 2010 4:52am
Closing my short trade with a small loss. Now long @3226.
  • #45
  • Dec 16, 2010 5:15am Dec 16, 2010 5:15am
Quoting wp3vv
Closing my short trade with a small loss. Now long @3226.


what pair are you trading ?
  • #46
  • Dec 16, 2010 5:25am Dec 16, 2010 5:25am
market is choppy but indicators are pointing up so I am holding.
  • #47
  • Dec 16, 2010 6:14am Dec 16, 2010 6:14am
I got out +2 This market is going nowhere. I'll keep watching.
  • #48
  • Dec 16, 2010 6:25am Dec 16, 2010 6:25am
how many pips did u make using this method
  • #49
  • Dec 16, 2010 6:31am Dec 16, 2010 6:31am
Quoting dragan53
how many pips did u make using this method
I don't count pips. I look at $$$. All I can say is that since I started I am in profit.
  • #50
  • Dec 16, 2010 6:38am Dec 16, 2010 6:38am
In my opinion, is important to look what price is doing. Indicator as just guidelines. If price won't cooperate, they're useless. This is where I put discretion on a trade. Indicators are giving signals out but price has to deliver.
  • #51
  • Dec 16, 2010 6:48am Dec 16, 2010 6:48am
There's support at 1.3232 and MACD/SLOPE are pointing down. If market breaks support that would be a chance to go short. There's some building permit stuff at 8:30 so I don't know if I should wait for that or simply take the trade. it's 7:45 AM EST on my side so I guess I'll keep watching.
Attached Image (click to enlarge)
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  • #52
  • Dec 16, 2010 6:54am Dec 16, 2010 6:54am
a pullback from 1.3232 would be nice. Breaking off 1.3230 area would be an entry. Indicators are definitely down.
  • #53
  • Dec 16, 2010 7:08am Dec 16, 2010 7:08am
Are you using 12,13 MACD wp3vv?
"speak softly, and carry a big stick" Teddy Roosevelt
  • #54
  • Dec 16, 2010 7:13am Dec 16, 2010 7:13am
Quoting pipstert2
Are you using 12,13 MACD wp3vv?

let me look.
  • #55
  • Dec 16, 2010 7:15am Dec 16, 2010 7:15am
Quoting pipstert2
Are you using 12,13 MACD wp3vv?
No. I was using 12-31-1. LOL! Ok got it right now.
  • #56
  • Dec 16, 2010 7:19am Dec 16, 2010 7:19am
Ya, I thought your MACD looked a little bit too sloppy.
"speak softly, and carry a big stick" Teddy Roosevelt
  • #57
  • Dec 16, 2010 7:23am Dec 16, 2010 7:23am
Quoting pipstert2
Ya, I thought your MACD looked a little bit too sloppy.
hahaha thanks for pointing that out. Now definitely looks better.

Still no trade for me. MACD is at the 0 line. Everything looks quiet.
  • #58
  • Dec 16, 2010 7:29am Dec 16, 2010 7:29am
Did you get in on this trade?
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 10 KB
"speak softly, and carry a big stick" Teddy Roosevelt
  • #59
  • Dec 16, 2010 7:32am Dec 16, 2010 7:32am
Quoting wp3vv
I don't count pips. I look at $$$. All I can say is that since I started I am in profit.
Great!
"speak softly, and carry a big stick" Teddy Roosevelt
  • #60
  • Dec 16, 2010 7:34am Dec 16, 2010 7:34am
Quoting pipstert2
Did you get in on this trade?

I was trading E/U. Wow that was a nice ride. I guess I need more windows open.
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