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Scalper

  • #481
  • Aug 21, 2013 11:40am Aug 21, 2013 11:40am
Quoting Fx77777
{quote} What did you expect? You were buing on downtrend and you wanted to win? This strategy will never work against the trend.
Fx77777, welcome to the thread.

If you actually spent some time going over the strategy yourself you would not make such rash statements as that. Yes I understand what you saying. The age old saying, the trend is your friend etc etc... However, I am making decent pips trading my own version of this system, and I promise you this - If you are not greedy and remember that this is primarily a scalping method, then there is no reason why you cant make your pips, even against the trend. Nothing rises or falls forever - so why cant you profit from the pullbacks... Remember that.

To put into perspective, I made 3 trades today totalling +40 pips. That to me is a fairly good day, especially in August when volume is lower than usual. Oh, and it was done in 3 hours and then I was done for the day...

On the other hand, yesterday I took +15 pips from a EJ trade that ended up going on a bullish run of over 100 pips... and you know what, the entry was at the end of a fairly agressive bearish run. I traded against the trend, and in doing so managed to get in at the bottom of what was to become the new shorterm bullish trend...

Green pips bro.
  • #482
  • Aug 21, 2013 11:52am Aug 21, 2013 11:52am
Quoting scalpip
FXEmpire.......... Could you help with some trade entry queries I have? Would the 11:50am. and 3:40pm short Eur/Usd entries be valid from 20th Aug? I see similar (in hindsight bad entries on other pairs) not all trades will be profitable I know but don't want to take them unnecessarily Is the ADX replacing the MACD? found various versions of the ADX but not the one you are using. Love the clean charts, keep up the good work Kind Regards
show charts bud.. and mark what your asking.

adx is not replacing anything.. its a addition option for the ones who like to go with filtered entries and not free style entries.
adx is the normal mt4 indi default(14).. i just have overplayed with mac.
if anyone wants his to look like mine.. first plot the adx then overlay the mac on top of it.
Passion, Persist, Patience, Protect
  • #483
  • Aug 21, 2013 11:54am Aug 21, 2013 11:54am
guys i go out to dinner, be back in couple of hours.

trade well.
Passion, Persist, Patience, Protect
  • #484
  • Aug 21, 2013 12:05pm Aug 21, 2013 12:05pm
Quoting Ian
Took the GU short at 1.56823, out for +16 when the previous low at the lower band looked to be holding. {image}
Great work Ian.

I took the same trade and exited with +15 for similar reasons..

Good to see guys like you on this thread...

Well done
  • #485
  • Aug 21, 2013 12:24pm Aug 21, 2013 12:24pm
FXEmpire................

Apologies for not posting chart with my previous query
Attached Image (click to enlarge)
Click to Enlarge Name: Eur.Usd.20aug.jpg Size: 726 KB
  • #486
  • Aug 21, 2013 1:10pm Aug 21, 2013 1:10pm
Maybe we could avoid a few losses by putting on a zigzag and waiting for "three drives" before entering. The move may be closer to exhaustion at that point. Just a suggestion.
Life is too short to have anything but delusional notions about yourself.
  • #487
  • Aug 21, 2013 2:15pm Aug 21, 2013 2:15pm
Hi FXE

I have marked my charts are they now correct please
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5.png Size: 67 KB
Making money is easy,losing money is easier
  • #488
  • Aug 21, 2013 5:07pm Aug 21, 2013 5:07pm
Great to see everyone making some nice profits, thanks for sharing your charts.
I am still reading the thread, and trying to understand all the rules.
FXE, can you revise your template on page 1 so I can make sure mine is setup the same, THANKS..
  • #489
  • Edited 6:54pm Aug 21, 2013 6:38pm | Edited 6:54pm
GU Long on the break of the last 5 minute candle top...... 1.5625

Update: Signal never triggered, price dropped lower and now will watch for next signal and entry point...
  • #490
  • Edited 7:38pm Aug 21, 2013 7:24pm | Edited 7:38pm
GU Signal Long Entry 1.5618

Update: Exit -10 pips (this is the max amount I will allow on any loss)


I am only going to trade 10 Cent trades on this system while I adjust and understand where I make mistakes.....
  • #491
  • Aug 21, 2013 7:55pm Aug 21, 2013 7:55pm
Longs on EUR/USD and GBP/USD as per signals. Profits on both.... Exit.

NZD/USD Long still holding....missed AUD/USD Long...

Update: Small Profit NZD/USD Long...


All Clear, and trying to learn the contrarian trade style
  • #492
  • Aug 22, 2013 1:35am Aug 22, 2013 1:35am
Morning Guys ...
  • #493
  • Aug 22, 2013 2:40am Aug 22, 2013 2:40am
Morning all, late one for me here.. let's see if we can get some good setups today.

Ian.. thanks for the V, its kind of you.
Passion, Persist, Patience, Protect
  • #494
  • Aug 22, 2013 2:54am Aug 22, 2013 2:54am
Quoting FXEmpire
Morning all, late one for me here.. let's see if we can get some good setups today. Ian.. thanks for the V, its kind of you.
You've now been enabled to award vouchers to others. Well done FXE. Well deserved.

Still waiting for a decent first setup.

Keeping my eyes on Cable and EJ.

Last news release for a few hours coming up in 7 minutes... could get some of the pairs moving more favourably.
  • #495
  • Aug 22, 2013 3:01am Aug 22, 2013 3:01am
long on Eur aud..
Attached Image (click to enlarge)
Click to Enlarge Name: euraudm5.png Size: 47 KB
Passion, Persist, Patience, Protect
  • #496
  • Aug 22, 2013 3:07am Aug 22, 2013 3:07am
Quoting scalpip
FXEmpire................ Apologies for not posting chart with my previous query {image}
i posted the very same eu chart along with other pairs for that day.. please refer to it and you can see whats valid and not.
Passion, Persist, Patience, Protect
  • #497
  • Aug 22, 2013 3:08am Aug 22, 2013 3:08am
Quoting Stompe
Hi FXE I have marked my charts are they now correct please {image}

yes, its correct.
Passion, Persist, Patience, Protect
  • #498
  • Aug 22, 2013 3:57am Aug 22, 2013 3:57am
Quoting N2FX
Great to see everyone making some nice profits, thanks for sharing your charts. I am still reading the thread, and trying to understand all the rules. FXE, can you revise your template on page 1 so I can make sure mine is setup the same, THANKS..
N2FX.. template is complete.. the only thing is missing is the adx.. which is a optional filter tool added later on to the thread and I don't want it added to the template.

Thanks for understanding.
Passion, Persist, Patience, Protect
  • #499
  • Aug 22, 2013 3:58am Aug 22, 2013 3:58am
Quoting FXEmpire
long on Eur aud.. {image}
close for -3.. it was stalling..
Passion, Persist, Patience, Protect
  • #500
  • Aug 22, 2013 4:30am Aug 22, 2013 4:30am
EJ Short @ 47.

Risky due to the current bullish strength...
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