Scalpeur journal, scalping the bollinger band

TMA band or BB band scalping is better? Which do you prefer Scalpeur?

I use the two, but bb give me better the trend.

Hi, What is your broker spread ? And may i know when you will go LIVE?
Thanks.

The broker is Oanda.

I am live from 2008, but still training to improve my technique, because the market change, and the broker change. (before Oanda spread is 0,9, must of the time, now is 1,3).

Hello Scalpeur, congratulations, you method seems amazing, but i would like to know how you can control trending markets with 1 minute tf and bb 20 - 100.

Could you put some shoots of your trades explaining why you take them? I know you posted already but it would be very usefull for us, thanks!

Here a exemple:

http://nimga.fr/m/ShrWg.jpg

Another one:

http://nimga.fr/m/Kc6mi.jpg

3 trades in live, just finish:

http://nimga.fr/m/1MVlM.jpg

Just a brief of my finding.

The setting is BB (20,2), BB (100,2) ,BB (360,2). MACD (12,26,9) and stoch (14,3,3)
The entry is after smaller time frame BB band cross up/down the bigger time frame BB band.
The final decision is the MACD histogram range must be big enough and cross up or down.

So few question here.
1. How to determine which time frame has good entry? Or just make the entry if the opportunity is there no matter what time frame?
2. How to use stoch? When to apply it in conjuction with other indicator?

Thanks.

in 1 minute,

bb20 show you 1 minute
bb100 show you 5 minutes
bb360 show you 18 minutes

The price go to 1 band to another one.
You have to check if macd is big or not.
The stoch is not very useful, but some time.
You have to look the angle of the inf or sup band of bb100, there are extremely powerful, if the medium bb20 is near or far.

Training and training, you get it.

It is very important to practice. Good results ...it will not happen very fast.
Plus if some other method gives you good result, keep using it plus add Bollinger bands as extra confirmation, i think this is a very good tool. Use what you already know and tested on your currency pairs to trade plus add this method, it will give you more confidence when scalping.


It is best when 3 time frames will show same direction. 1min, 5 min and 15 min.
For example If 15 min time frame is still trending down and price is still in lover part of the 15 min 20 Bollinger band, do not go long on 5 min chart , it may trend down forever.
For me best entries, when i clearly see double tops or bottoms on two time frames

That is, you cant manage this with only 1 time frame, you can get trapped... Im going to continue practicing, thanks!

Thanks scalpeur and rabbit

Be very careful to go short on USD/JPY. Still looks a bit bullish or may be very bullish ....

O .... fundamentals are most important thing when trading on lowest time frames. Trading during news releases can hit you very hard on 1-5 min time frame. Non of the system will work. I making a strong rule for myself: No scalping during news releases, (if you know, that something will be released)

Scalpeur did everything right, but news can hit very hard. Just wanted to post this for those who are learning scalping. Good lesson for myself too.



http://www.forexfactory.com/news.php?do=news&id=458356

I am no worry, tomorrow and next week i am on holiday, so no trade, let's see what's append.

EUR/JPY coming to very interesting place on weekly chart, resistance from old times (can see reaction) and also Weekly pivot point. Hope it will stop there.
but price could run more to 61.8 fib level from the weekly swing. Just my humble observation. Be careful to open short trades.

I was browsing internet and found this MTF Bollinger Bands indicator. All colors, period, deviation, time frames can be changed. It may help trading this method. It is free, so enjoy testing it



Can download it free here http://www.truetl.com/indicators.html

Thanks i will try.

I tested those bands for few days. I put all time frames on one chart and looked for band confluence for 2 or 3 time frames. It worked well. When you zoom out, can see what is happening on other time frames. No need to switch charts. The color change is big help. When Mid line is changing color - it's confirmation that direction changes. Can take very aggressive scalps for few pips. Tested on USD/JPY and XAU/USD.

Only one problem, if you put many bands on one chart - Metatrader slows down and sometimes restarts. I will test it more. I would like some good programmer have a look at it, why it slows down

Good luck to everybody !

Hello Scalpeur,


Would like to wish You Happy New Year !

Hope that random bull madness will end and will be easier to trade.

This is some test results for December using MTF Bollinger Bands and your method. For tests I mostly traded very small XAU/ USD lots and some USD/JPY. Did not like how EUR is kicked by the bulls....

This method should not be abandoned. It produces good results. .... With a lot of practice.