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Janqie "MadScalper" 1min trading

  • #321
  • Edited 12:46pm Aug 24, 2010 12:03pm | Edited 12:46pm
Hi Janqie,

first of all thank you very much for sharing your strategy, since i am a beginner this kind of trading fits me very much.
Ive been following the old babypips thread with petes 5M strategy and ofc this thread, gone through both in last 5 days reading every site twice

I am following the rules as exact as possible, unfortunately had a couple of trades today which gone wrong, would be great if you could comment on them:

Nr1: I gone short (see the red line between the two vertical red lines), pullback was only about 38% fibo and fast CCI just crossed the 50% level. Would you say the entry was wrong because of the blue MML level line at 1.5380?

Btw, my broker time is GMT-6, so it was 9:30 a.m., i trade only the London Session 9 a.m. till 6 p.m.
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  • #322
  • Aug 24, 2010 12:31pm Aug 24, 2010 12:31pm
Here todays Nr.2:

What did I overlooked here?
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  • #323
  • Aug 24, 2010 2:04pm Aug 24, 2010 2:04pm
http://i36.tinypic.com/jfg84y.gif

Nr 3 (left):

Gone short after second smallish pullback (see the red line between the two vertical lines).
The yellow fast CCI didnt crossed the 50% level on pullback (see blue sqared area), was that my mistake? Should fast CCI always cross the 50% level?

Nr 4: (directly 1 min later)

Again gone short after first red DveMashki candle, again wrong. Should I stay out from those "tripple pullbacks" ?
  • #324
  • Aug 24, 2010 9:25pm Aug 24, 2010 9:25pm
Hi dave.

1. (the following is just my 2cents. Am also interested in Janqie's comments)

2. I would have begun to watch the PA once the price (and then subsequently 8EMA) started crossing down the 20EMA and 50EMA, and would have shorted as soon as possible after EntryCCI (yellow line) crossed below minus50.

3. If not possible, then I would have had to wait for the first pullback. You were right, maybe the EntryCCI (yellow line) didn't cross up and then down the minus50, but it did on the 2nd pullback.

4. Even after the 2nd pullback (your pullback) for Nr3, I think you may have pulled the trigger too late. By that time, I think 3 bars (3 minutes) have passed after the EntryCCI minus50 crossdown before you sold. Were you hesitant for some reason, or maybe you had some other mental criteria?

5. As for your trade Nr4, if it was me, I would have been nervous about the fact that TrendCCI (Red histogram) was making higher lows to try to make it above minus50, suggesting that the sell-off may be losing steam.

Hope this perspective helps.

Regards,
Imran


Quoting davetrader

Nr 3 (left):

Gone short after second smallish pullback (see the red line between the two vertical lines).
The yellow fast CCI didnt crossed the 50% level on pullback (see blue sqared area), was that my mistake? Should fast CCI always cross the 50% level?

Nr 4: (directly 1 min later)

Again gone short after first red DveMashki candle, again wrong. Should I stay out from those "tripple pullbacks" ?
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #325
  • Aug 28, 2010 3:57pm Aug 28, 2010 3:57pm
What happened to this thread? It's been quiet. I was following Pete's Mad Scalper on babypips and found this. I've been demo trading it and it is a very good system if you stick to the rules.
  • #326
  • Sep 14, 2010 1:52pm Sep 14, 2010 1:52pm
AN ANALYSIS:

First I would like to congrats Janqie that he gave us a very awesome scalping strategy.

Janqie is a very good Trader. He has a trained eye to spot the knot.

Where is the problem?

Janqie is switching and trying to improve the system !!!!

In this thread - your original strategy is the best - 20 -25 pips per day are enough !!!

I request all traders to stay consistent on the original strategy

Consistency is the key !!!

I am really very happy with the original strategy !!!

I will post my live account statement sooooon !!!
The HolyGrail is within your BRAIN ... Activate that Indicator !!!
  • #327
  • Sep 16, 2010 1:30am Sep 16, 2010 1:30am
Yes Please post your results on live account ?
& please confirm the rules & screen shot & indicators you use,
Thank you
Regards Davros
  • #328
  • Sep 16, 2010 9:33am Sep 16, 2010 9:33am
hi Looser,
we wait your account statement,
live or demo account?

About strategy,I think it's better put BE after 5 pips gain
and TP 10 pips.
When you get 20 pips,close computer and make again next day.
  • #329
  • Oct 14, 2010 8:08am Oct 14, 2010 8:08am
Thank you for this system Janqie but now the big question is, where did the live stats go "looser" and where is everybody??
  • #330
  • Dec 22, 2010 7:58am Dec 22, 2010 7:58am
Hi, Ive been reading this thread and the original "madscalper" thread.
Just wanted to know if anyone's been trading both systems or if anyone has any preferences out of the 2 systems?
  • #331
  • Dec 25, 2010 6:57am Dec 25, 2010 6:57am
Hello boys and girls.

I didnt write in this threat for long time. I'm veary veary sorry for this.
I just want to say its not becouse of this system. I had my personal reasons for this and I had no time to trade at all. No one newer know what will be next in our lives. But thats ok with that.
I spend lots of time with this system making it good for scalping and it was working good for me. I see now it is working the same. It is better than I thought.
Its veary sad for me that I cant play with this system anymore becouse I have no time for sitting at the PC all day. So I cant scalp. I have to put myself on a daily charts and try to find another way to trade. I found system that fits me on a daily tf and will try it from now.
Any way YHANK ALL YOU GUYS who where in this threat for your questions and discussions in here. Hope This threat was helpfull for just a bit. And I hope to hear ya somewhere in this wonderfull forum.

P.S I have few PM's from some of you. Thank you for your oppinion and see ya

With all respect
Janqie
"Even a million miles journey starts with one single step"
  • #332
  • Dec 25, 2010 9:24pm Dec 25, 2010 9:24pm
Quoting janqie
Hello boys and girls.

I didnt write in this threat for long time. I'm veary veary sorry for this.
I just want to say its not becouse of this system. I had my personal reasons for this and I had no time to trade at all. No one newer know what will be next in our lives. But thats ok with that.
I spend lots of time with this system making it good for scalping and it was working good for me. I see now it is working the same. It is better than I thought.
Its veary sad for me that I cant play with this system anymore becouse I have no time for sitting...
thanks for "being back" ... it's nice to know the lack of posts was not because of the strategy ...

anyways are you going to open a new thread for the daily system ? I myself am looking at the daily too ... also daily is a must for everyone who has a regular job...
  • #333
  • Feb 7, 2011 9:31am Feb 7, 2011 9:31am
just wanted to say thanks...though it does not look as if anyone ever posts anymore. I got finished reading the post several months ago. Demo'd with it. have done great. Will try live trade with it next monday. thanks to Janqie and everyone else.
  • #334
  • Jun 26, 2011 6:13pm Jun 26, 2011 6:13pm
Quoting manz66
Those are some nice indicators! Thank you.

Here is one indicator I use in my 1 min chart, it may guide you for trading in pullback, Goodluck!
Would be nice to explain how to put it to use.
  • #335
  • Nov 29, 2011 2:15am Nov 29, 2011 2:15am
Janqie...

This is a great system and I felt that it should still be given some credit. A lot better than a lot of the other nonsense on this forum. The doulbe CCI is almost tradeable on its own.
+29 on EU
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Small disciplines repeated with consistency lead to great achievements.
  • #336
  • Dec 7, 2011 10:19am Dec 7, 2011 10:19am
I've been patiently awaiting your return Janqie! Glad to have you back!
  • #337
  • Dec 27, 2011 12:11pm Dec 27, 2011 12:11pm
Great system thanks. Even today in this quiet market a nice setup.
Extended it with Daily Fib. Pivots. Work nice for me.
Just getting into it. Hope for a revival of this thread. Would deserve it..
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  • #338
  • Dec 29, 2011 2:24pm Dec 29, 2011 2:24pm
Bad ATR, but perfect entry after the opening bounce and change to green..
Exit, the rules or depends on your risk and skill..
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  • #339
  • Dec 29, 2011 2:28pm Dec 29, 2011 2:28pm
and exit..
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  • #340
  • Dec 29, 2011 2:39pm Dec 29, 2011 2:39pm
Of course you could trust your faith and wait till to the next Camarilla..
But.. not experimenting and following the strict rules is better, trust me
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