Attachments: Scalp the trend

Scalp the trend

Post #101
Quote
Edited 8:48pm Nov 27, 2011 7:39pm | Edited 8:48pm

swingdjpj
| Joined Jul 2006 | Status: Member | 51 Posts

Quoting dynel14

Disliked

Hi @ll,

hope you had a nice weekend.
Like I've announced, here the new template for you. Hope this works better and filters more bad signals.

New rules
INDICATORS
1) Semafor (repaints)
2) LWMA 25
3) Trendline (CCI + RSI Combination)
4) SnakeForce
5) Extreme Identifer (repaints)

Rules LONG:
- Semafor On BOTTOM (BUT follow the trend!!!)
- Candle Close ABOVE LWMA 25 GREEN (max. 3rd candle!)
- Trendline GREEN
- SnakeForce GREEN...

Ignored

Hello dynel14,

Thanks for the update and thanks again for the awesome system. I just wanted to point out that I loaded the template and the examples you marked are not right. I think the vertical lines change with the broker times. I compared your image to my chart and the lines are off by a few bars. i can see the candles where they are supposed to be, but they are off slightly.

Ok, I see that the vertical lines are off more than slightly. As I suspected, they are off because of broker times. They are two hours different on my charts.

PJ

Post #102
Quote
Nov 27, 2011 7:39pm Nov 27, 2011 7:39pm

psperos
| Joined Jul 2008 | Status: Member | 23 Posts

fired off 2 shots and put some pips in the bag testing it out in early trade. +14 and +8

looks like LWMA has been removed, i added it back in to test things out.

also, i think there will be some confirmation trades down the road using the 15 min next to the 5 as i have here.

For example, we are in a strong downtrend bigger time frames, so the next buy signal would be better if it were confirmed some bullish areas on the 15 min system.

Right now, the 15 min is bullish because of the gap. so from here we should wait to take more shorts off the 5min on pullbacks only when the 15 min is bearish to help confirm this gap is not going to turn into a big reversal . On the flip side, the next bullish signal on the 5min is already confirmed on the 15, so should be a good one if it goes bull from here.

Just some ideas on how this setup can be used.

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Post #103
Quote
Nov 27, 2011 10:05pm Nov 27, 2011 10:05pm

psperos
| Joined Jul 2008 | Status: Member | 23 Posts

Here is the second trade tonight. Using 15 min as confirmation, took the 5 min long signal( green arrows on left chart), 2 bullets +16 and +10

also note here the daily open line, we can see strong resistance here but lack of a pull back on the 15 min chart and failure to break down the 5 min. There are probably more pips to the upside here but there is still a gap, it is only 10pm ny time on Sunday open and both trades already hit the profit target area of 10 pips+. this is a risky time to be doing this.

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Post #104
Quote
Nov 28, 2011 2:42am Nov 28, 2011 2:42am

dynel14
Joined Jan 2011 | Status: Member | 287 Posts

Quoting cwestley

Disliked

i noticed the lwma isn't in the new template. does the new trendline indi replace the lwma? so we now wait for the price to cross the trendline as the first signal?

thanks

Ignored

Quoting swingdjpj

Disliked

Just a couple of points about the indicators. The color of the candles incorporates the LWMA. A green candle means it closed above the LWMA and a red candle means it closed below the LWMA. As for the CCI, it is incorporated in the new line that is plotted that replaced the LWMA. That's how I see it. Of course, I'm new here myself, but I hope that helps.

PJ

Ignored

Thank you, right!

Post #105
Quote
Nov 28, 2011 2:43am Nov 28, 2011 2:43am

dynel14
Joined Jan 2011 | Status: Member | 287 Posts

Quoting swingdjpj

Disliked

Hello dynel14,

Thanks for the update and thanks again for the awesome system. I just wanted to point out that I loaded the template and the examples you marked are not right. I think the vertical lines change with the broker times. I compared your image to my chart and the lines are off by a few bars. i can see the candles where they are supposed to be, but they are off slightly.

Ok, I see that the vertical lines are off more than slightly. As I suspected, they are off because of broker times. They are two hours different on my charts.

PJ

Ignored

Ok I see. Will remove the lines and post some charts.

Post #106
Quote
Nov 28, 2011 2:46am Nov 28, 2011 2:46am

dynel14
Joined Jan 2011 | Status: Member | 287 Posts

Quoting psperos

Disliked

fired off 2 shots and put some pips in the bag testing it out in early trade. +14 and +8

looks like LWMA has been removed, i added it back in to test things out.

also, i think there will be some confirmation trades down the road using the 15 min next to the 5 as i have here.

For example, we are in a strong downtrend bigger time frames, so the next buy signal would be better if it were confirmed some bullish areas on the 15 min system.

Right now, the 15 min is bullish because of the gap. so from here we should wait to take more shorts off the...

Ignored

Hi, yes the visual LWMA has been removed, the candles represent the crossing with the MA like swingdjpj said.

nice trading!

regards
dynel14

Post #107
Quote
Nov 28, 2011 5:43am Nov 28, 2011 5:43am

Huesa
| Joined May 2011 | Status: Member | 21 Posts

Hi Dynel14

First, thank you very much your system.
Why change a trade expert? TP and SL is not working.
The TP and SL changed?

Thank you!

Post #108
Quote
Nov 28, 2011 6:17am Nov 28, 2011 6:17am

dynel14
Joined Jan 2011 | Status: Member | 287 Posts

Quoting Huesa

Disliked

Hi Dynel14

First, thank you very much your system.
Why change a trade expert? TP and SL is not working.
The TP and SL changed?

Thank you!

Ignored

You're welcome.

I've added some scripts for BUY and SELL with TP and SL. Just drop it to the chart. If you don't like it, use the Visual Order Editor from the first template.

Post #109
Quote
Nov 28, 2011 6:20am Nov 28, 2011 6:20am

dynel14
Joined Jan 2011 | Status: Member | 287 Posts

nice signal this morning...

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Post #110
Quote
Nov 28, 2011 6:32am Nov 28, 2011 6:32am

FastForex
| Joined Jun 2011 | Status: Member | 69 Posts

at the moment there is a valid sell on E/U. I didn't take it because uptrend is strong at the moment, could just be a strong pullback.

Post #111
Quote
Edited 7:34am Nov 28, 2011 6:41am | Edited 7:34am

dynel14
Joined Jan 2011 | Status: Member | 287 Posts

Quoting FastForex

Disliked

at the moment there is a valid sell on E/U. I didn't take it because uptrend is strong at the moment, could just be a strong pullback.

Ignored

I think it could help others if you show us some charts...

thank you
dynel14

Post #112
Quote
Nov 28, 2011 7:32am Nov 28, 2011 7:32am

FastForex
| Joined Jun 2011 | Status: Member | 69 Posts

Quoting dynel14

Disliked

I think it could help others if you show us some charts...

tank you
dynel14

Ignored

Ok!

ps: seems now that it was a profitable entry :-)

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Post #113
Quote
Edited 7:57am Nov 28, 2011 7:41am | Edited 7:57am

dynel14
Joined Jan 2011 | Status: Member | 287 Posts

Quoting FastForex

Disliked

Ok!

ps: seems now that it was a profitable entry :-)

Ignored

Jap this was profitable, but not according to the new rules. I also noticed that you change the trendline (RSIPeriod).

Anyway congratulations for the green pips. Trade like you want to...

dynel14

Post #114
Quote
Nov 28, 2011 10:02am Nov 28, 2011 10:02am

Fxcash
| Joined Sep 2008 | Status: Member | 53 Posts

Thanks Dynel14 for sharing your method on FF.

If anybody can help me, i am having difficulty with the Snakeforce Indicator. It is not showing up on my chart using the template or placing the indicator on the chart.

I know this question was asked before earlier in the thread and answered however I tried to compile it to the meta editor without success.

If anyone can give me a bit more instructions on the steps to make the indicator successful on my chart I would really appreciate it.

Sorry for the technical question on this thread...Thank You.

Post #115
Quote
Nov 28, 2011 10:07am Nov 28, 2011 10:07am

dynel14
Joined Jan 2011 | Status: Member | 287 Posts

Quoting Fxcash

Disliked

Thanks Dynel14 for sharing your method on FF.

If anybody can help me, i am having difficulty with the Snakeforce Indicator. It is not showing up on my chart using the template or placing the indicator on the chart.

I know this question was asked before earlier in the thread and answered however I tried to compile it to the meta editor without success.

If anyone can give me a bit more instructions on the steps to make the indicator successful on my chart I would really appreciate it.

Sorry for the technical question on this thread...Thank...

Ignored