Scalping Trades
EURUSD, M1, 2012 February 28
10:08 - 10:09 EST
EURUSD, M1, 2012 February 28
10:08 - 10:09 EST
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- #202
- Feb 28, 2012 9:17am Feb 28, 2012 9:17am
- Joined Nov 2009 | Status: Trader | 27,245 Posts
Hi,
thanks for your fast response. Sry I should have explained my decision better. Attached is a picture of my trade. I entered on the red line during the second push against the DS1 line. I closed 5 min ago at pivot. The cci was not really a divergence, but one of my favourite patterns. Like I said I have some small diverences.
Thanks for the tip with mtf. I looked at H4 (oversold-> so scalping trade was ok) and D1, but my interpretation was more dreaming I think.
Now I'll focus on other pairs. There are still pips to grap...
cya
Master...
You could draw the RSI into the CCI so you have more room for the price window if you want and you have one more information, every time, ....when RSI is crossing the CCI. The RSI band doesn't give more information, ...not needed, ..or do you collect really more pips with it?
Excursus
One more aspect could be to trade the overlapping candles (M30/H1/H4/Daily) at shorter time frames (M1/M5), or M15/M30 at M1. There you could make much money additively!
Hope it helps!
FXcube
- #203
- Feb 28, 2012 9:25am Feb 28, 2012 9:25am
- Joined Nov 2009 | Status: Trader | 27,245 Posts
EURUSD, M5, 2012 February 28
Short @ 1.3430 (DPV) (5/10)
Target @ 1.3374 (DS1)
EURUSD, M5, 2012 February 28
Delete the Target 1.3374
Exit @ 1.3400 (5/10)
Profit: +30 Pips
- #205
- Feb 28, 2012 9:26am Feb 28, 2012 9:26am
- Joined Oct 2008 | Status: Sailing for pips | 2,099 Posts
- #206
- Feb 28, 2012 9:30am Feb 28, 2012 9:30am
- Joined Nov 2009 | Status: Trader | 27,245 Posts
Dear Forexcube,
Thank You for your great system
I want to share my test results
I trade on M1/5/15/30 watching on higher TF.
Wish you all green pips.
Best Regards
RevarK
Excellent!
You're risk tolerance seems impressive!FXcube
- #207
- Feb 28, 2012 9:32am Feb 28, 2012 9:32am
- Joined Nov 2009 | Status: Trader | 27,245 Posts
Riding the wave between the yellow lines
Are you set a stop loss, dryclean?
H4 could be running down....
Fcube
You could draw the RSI into the CCI so you have more room for the price window if you want and you have one more information, every time, ....when RSI is crossing the CCI. The RSI band doesn't give more information, ...not needed, ..or do you collect really more pips with it?
. I like it to discover overbought/oversold areas, but sometimes I change to other templates. For example I've got one with gannHiLo... I can't "read" single rsi indi. I don't know why, but I don't like it a lot. I think your system is great, because it's kiss, but gives a very good market overview. So I use it, too. I've tried a lot of templates, but this one is quiet magic. Because when I open mt4, I take one look and know, wether to trade or not. It's something like a feeling
(I know emotions are bad) And the rsi band is part of my view. All in all I'm still trying and improving, but I'm already more successfull than with any other system. So at the moment I dont want to miss them.Thanks for your help and your great ideas/strategy
Still following
MasterYoda
- #209
- Feb 28, 2012 9:38am Feb 28, 2012 9:38am
- Joined Nov 2009 | Status: Trader | 27,245 Posts
I don't know if I make more Pips
I think your system is great, because it's kiss, but gives a very good market overview. So I use it, too. I've tried a lot of templates, but this one is quiet magic. Because when I open mt4, I take one look and know, wether to trade or not. It's something like a feeling
Good Luck!
FXcube
- #215
- Feb 28, 2012 10:06am Feb 28, 2012 10:06am
- Joined Oct 2008 | Status: Sailing for pips | 2,099 Posts
Are you set a stop loss, dryclean?
H4 could be running down....
Fcube
I have a loss your shirt setting with MPTM
Still riding the wave
http://www.myfxbook.com/members/dryc...bed-cci/247223
- #219
- Edited 10:46am Feb 28, 2012 10:26am | Edited 10:46am
- Joined Nov 2009 | Status: Trader | 27,245 Posts