Powerful 1 Min Scalping System (Fx Prime)

also note that the recent market has not been to wild. We are seeing lots of flat trading days.

Howdee 'anyone'!
Yep - I'm still around and have come back to FX Prime V1. Got burned out monitoring the 1m charts for so many hours that while I was making money - I sure wasn't having any kind of life to use and enjoy it.

So I went searching for the 'perfect EA'. Easily purchased 15 to 20 of em and even tried a few free ones. So I'm back with this system. That in itself should give you a world of information and maybe save you some money!

But I've learned to read the set-ups better and only concentrate my times on London open to maybe the middle of NY. And by the way, the 15m charts on volatile pairs work well too.

Asking me any questions on this thread won't get a response from me. I don't come here much if any. Just thought I'd put it out there that I still use it - and still scalping for 5 or 10 pips with 2 to 5 lots. Psycholgically I just can't seem to use higher time frames and stay in trades too long. But - - - - that's just me!

Wow- already I've been asked for my indies and template.

Dear Flamenco143,I have been reading this thread with interest, but this is the first time I am posting. Nice to see a post from one of the original contributors. There have been so may changes to the original template that I am getting a bit confused and would very much like to try out one method consistently. Your latest post being the latest, I am going to stick to it. Do you think you can post a template combining all the indicators in your example and also point me in the right direction to learn more about QQE, BB MACD and the Fisher yu4ik indicators. I know you do not read this thread regularly, so is there a way of contacting you directly?Many thanks.

padilla (and anyone else interested)
My first piece of advise to you (and one I should have followed at least 100 times) is DON"T BE IN A HURRY TO MAKE MONEY! Take your time and watch how the indicators YOU like behave and tell you when it may be a good time to enter and exit the market. My indicators and template changed only because I was more familiar with them than what CD originally used (and those he added later). I liked the Woodie's Double CCI which is what got me hooked on the FX Prime system, as I found it to be a good, early exit signal when it crossed back on the 100 line.

I stopped using the bbmacd (even though I included it in my last post) amd Woodie's CCI because FOR ME the QQE told me the same thing in a way my brain accepted. So what I'm saying is that the specific indicators used should be your choice and what you are familiar with. Meaning - load up a chart on ANY 2 to 4 indicators and watch how they behave. That being said, the problem there is that it is so damn easy to see quickly how they lag and give conflicting information that one can easily spend time constantly changing indicators hoping you'll find the "Holy Grail".

So - in essence - my substitutions were really no better than CD's original postings. They just worked FOR ME better because I was use to them.
80% of traders lose their accounts. The markets aren't really trending much 80% of the time. Are those figures coincidental? I think not. We are constantly chasing the tails of the Big Dogs, and they have one advantage us 'Little Dogs' don't have. Financial recourses to subscribe to the Bloomberg's financial news releases for about $2400 a month that releases important news about 3 minutes before the general populace gets and understands it. So by the time us Little Dogs see a tremendous change and what appears to be a good trend starting - it could already be over and the Big Dogs have already closed their trades.

Which is exactly the reason I am to this day a scalper. THe market constantly moves up or down - and most of the time it's only for a few pips or so. Which is why I watch and wait for what I consider a strong set up or reversal, I get in and 'usually' get out after 5 or 10 pips is banked. I NEVER try and ride it out for 25 or 50 pip moves! But you won't make any money unless you're able to trade multiple lots.

OK - I've rattled on enough. Hope some of this helped you. While I don't usually spend any time on this forum anymore I almost always try and answer a personal PM.

A quick P.S. Don't misunderstand me. I didn't start out trading multiple lots. But I didn't make much money for a few months until my account built up sufficiently that I was able to increase my lot sizes. That's when I started making good money.
Flamenco

Flamenco, many thanks for your reply. Much appreciated. Padila

Just spent the 3 days reading this thread. Gotta say I am excited to trade this system. Many thanks to all the wonderful and generous people who helped with this thread.

Cool. But start slowly and enter only few signals per day.
Great system, but patience is needed in the learning process..

For the last year on demo I have tried to make swing trading work for me as I assumed that was the most profitable way for me to work. I never contemplated scalping for one reason or another.

I have read this thread and tried this approach over the last week but took care not to use all entry signals. Especially careful around pivots and fib retracements. It is the first time I have been up on everyday that I traded. I am in the european time zone and can only trade between 9:30 GMT and 14:00 GMT due to child care/schooling :-) Money management key for me. Max drawdown for the day I have set at 1.5%, 0.75% trade size and max 5 trades a day. If I hit 20 pips profit I close my computer down with a smile and get on with the housework. My stop I am still working on but at the moment it is above/below the previous candle of the signal and then take 5 to 10 pips profit as that is a conservative move for the EURUSD. EURUSD is the only currency I trade.

Hope this works out for me. Intend a few months demo and then live if they prove profitable. If not, at least I now know that scalping fits my personality and time commitments. Shame it took me soooo long to get to this conclusion.

Best wishes and good luck to all.

Whitebeltfx

I like it better on the 5m personally and would suggest that for newer people

1m can be unforgivable to people

Hi,

I have entered here @ follow all the indicators. But now it goes in reverse side..

- i don't know why everything foing fxxxed up for me........

are the rules for this system the ones stated on the first page, or have they changed since ?

the same

hi everybody,

does anybody tried this system with a higher timeframe?
like H1?

Does anyone still make money with this system? If anyone ever has of course...
If yes, which indicators and settings do you use? The one you can download on page 1, or what?

Yes, but I use the original setting cci 34 and 170, T3 RSI (8) and a trend following indicator I have. I only take an entry when my trend following indicator triggers inline with the 34 and 170 CCI setup otherwise I let the move go. This seems to have filtered out most false signals. I also use moving averages, fibs and pivots for points of resitance etc....

Good luck with the system. It is a pity this thread died a death as I think there is something in this method although not to the levels the original poster suggested - well not for me anyway.

If anyone is interested in reviving this system it would be nice to get it going again.

Hello Tedster,

Can you share your trend-following indicator? If not, I understand.

=)

Thank you very much for your reply Tedster!
How do you filter out the false signals? So far, that's the biggest problem I seem to have with this system...
Do you also only trade certain times of the day?