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Scalpeur journal, scalping the bollinger band

  • #281
  • Jul 5, 2014 6:20pm Jul 5, 2014 6:20pm
Quoting carlostedo
I've been following this thread for a long time and i thought you give up, but looks like no. I'm bit jealous but I think that you deserve, lot of hard work after this results. Only have one question, żIs a robot or just you? Have a good day and congratulations.

No robot, all manually, no stop loss, all have take profit, but just 9 or 10 orders go to the take profit (the green line), i close before, all order with profit small or big i close, try to catch the money fast and stay out, just waiting the good time.

The broker can defeat your strategy, just with put the spread little higher, before oanda have the spread 0.9 on eur/usd, and now 1.2, you think this is small, but only this kill your strategy.

The broker monitoring each paire, if too much people earn money with one paire, they will change the spread, the swap, the slippage, everything to do for you lose, the broker cannot earn just money with low spread, they have to play again you.

The strategy is the same i talk here, you have to adjust a little to your broker, to your spread, no indicator is more accurate than the bollinger band, i repeat again, 95% of the candle are inside the band, you have just to control yourself, waiting, waiting, waiting the good time.
  • #282
  • Edited 8:52pm Jul 6, 2014 8:42pm | Edited 8:52pm
Quoting scalpeur
{quote} No robot, all manually, no stop loss, all have take profit, but just 9 or 10 orders go to the take profit (the green line), i close before, all order with profit small or big i close, try to catch the money fast and stay out, just waiting the good time. The broker can defeat your strategy, just with put the spread little higher, before oanda have the spread 0.9 on eur/usd, and now 1.2, you think this is small, but only this kill your strategy. The broker monitoring each paire, if too much people earn money with one paire, they will change...
You very correct about broker's manipulations,especially when you get very confident and open with big lot sizes that's when you'll see their true colours... So,i now get it,you open pairs with positive swaps and use little or no leverage at all...You're right about the bollinger bands,they are one of the most accurate indicators in trading,i'm still learning timing of entries and exits.Please what are the best band settings for the 4hours Timeframe and also the daily,i'm planning to go long term with this Scalping system,thank you
  • #283
  • Jul 6, 2014 10:19pm Jul 6, 2014 10:19pm
When i say very short time, is very short: 5 seconds to 15 seconds.

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


Just open a demo this morning with 5000 $ with activtrades: in 2 hours 6 trades, 100% won, 2% profit.

http://nimga.fr/m/p5Z6A.jpg
http://nimga.fr/m/FFQS6.jpg


Tip: Use 2 brokers, your broker to make trade, and another one with bigger spread, you look the chart at the broker is high spread only.
With the broker with high spread you have less noise, he will absorbe the noise in the spread, and it's more easy to close the order, with small spread when you see the chart with big spread.
  • #284
  • Edited 6:03am Jul 7, 2014 5:50am | Edited 6:03am
Quoting scalpeur
When i say very short time, is very short: 5 seconds to 15 seconds. {image} Just open a demo this morning with 5000 $ with activtrades: in 2 hours 6 trades, 100% won, 2% profit. {image} {image} Tip: Use 2 brokers, your broker to make trade, and another one with bigger spread, you look the chart at the broker is high spread only. With the broker with high spread you have less noise, he will absorbe the noise in the spread, and it's more easy to close the order, with small spread when you see the chart with big spread.
Wow,i must say you're amazing... 2% in a couple of trades? You're the ideal scalpeur!So i guess i'm gonna stick to 1mins and 5mins Timeframe because that's the least mt4 can offer,also i'll be aiming for 5-10pips per trade,though matter how trending the market is...Please can you add this new demo to the trade explorer,i'd like to see how you trade with this new leverage,thank you
  • #285
  • Jul 7, 2014 9:28pm Jul 7, 2014 9:28pm
I cannot put to explorer, this will not help you, and the demo of activtrades is only for 30 days.

The spread on activtrades is 2 time more than Oanda, but activtrades have leverage 4 times more than Oanda and can hedge.

You have to find to adjust the setup to your broker spread.

http://nimga.fr/m/LUwXV.jpg
http://nimga.fr/m/V2LEY.jpg
  • #286
  • Jul 8, 2014 6:08am Jul 8, 2014 6:08am
Quoting scalpeur
I cannot put to explorer, this will not help you, and the demo of activtrades is only for 30 days. The spread on activtrades is 2 time more than Oanda, but activtrades have leverage 4 times more than Oanda and can hedge. You have to find to adjust the setup to your broker spread. {image} {image}
Ok,thank you
  • #287
  • Jul 9, 2014 6:18pm Jul 9, 2014 6:18pm
http://nimga.fr/m/iUfrK.png
http://nimga.fr/m/fUKCT.png
  • #288
  • Jul 9, 2014 9:33pm Jul 9, 2014 9:33pm
http://nimga.fr/m/aOexT.png
http://nimga.fr/m/mvbAE.png
  • #289
  • Jul 12, 2014 10:58am Jul 12, 2014 10:58am
Scalpeur, do you know IC Markets and Armada Markets?

I read in a thread here that this two are the best brokers for scalping. They have the option of ecn account, and the spread + comision in EUR/USD is less than 1 pip. And the opinion of the users are really good.
  • #290
  • Jul 12, 2014 11:29pm Jul 12, 2014 11:29pm
Quoting carlostedo
Scalpeur, do you know IC Markets and Armada Markets? I read in a thread here that this two are the best brokers for scalping. They have the option of ecn account, and the spread + comision in EUR/USD is less than 1 pip. And the opinion of the users are really good.

Good ? IC market ?

look that 4 pictures, same bollinger band, 4 différents brokers, the worst is IC: (look the BB360 Yellow, inferieur band)

Oanda and activtrades almost touche the inf band
FXCM touche the inf band
ICMARKET CRAPS

http://nimga.fr/m/sQgYy.png
http://nimga.fr/m/DsLPR.png
http://nimga.fr/m/PY26p.png
http://nimga.fr/m/8DHVD.png
  • #291
  • Jul 13, 2014 2:32pm Jul 13, 2014 2:32pm
Good posts Scalpeur, you are a master of research.

Still using your style charts and so far they give me best understanding where price is going. Good luck to you !


Lot of scalp opportunities at 4 hour Bollinger Band Center line:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1 sc 2.png Size: 74 KB
  • #292
  • Jul 13, 2014 6:34pm Jul 13, 2014 6:34pm
Hi RabbitWolf,

I try everyday many indicator for fews days, but every time come back to my bollinger setup.

Flat in your picture (i see you understand )
  • #293
  • Jul 17, 2014 5:07am Jul 17, 2014 5:07am
Quoting RabbitWolf
Good posts Scalpeur, you are a master of research. Still using your style charts and so far they give me best understanding where price is going. Good luck to you ! Lot of scalp opportunities at 4 hour Bollinger Band Center line: {image}
Hi,Rabbitwolf,I see u now use H4 timeframe,i see you now use the H4 TF,may i know your band settings for each BB? I wanna test this strategy on H4 too
  • #294
  • Edited 12:47pm Jul 17, 2014 6:40am | Edited 12:47pm
Quoting lyondegreat
{quote} Hi,Rabbitwolf,I see u now use H4 timeframe,i see you now use the H4 TF,may i know your band settings for each BB? I wanna test this strategy on H4 too

Hello Lyondegreat,

It is basically same thing what Scalpeur is doing. I just use MTF Bollinger Bands. I like chart on 1 hour

On 1 hour chart i plot 20 period Standart deviation.
MTF 60 min
MTF 240 (4 hour BB)
MTF 1440 (1 day BB) If i change time frame to smaller i still see those bands and center lines and can scalp, when price is touching those bands

Check posts # 97, 102, 103 (i described where i got those bands)

Attached Image


If you want to try on 4 hour chart:
can plot BB
MTF 240
MTF 1440
MTF 10080 (for weekly band) any other if you want (maybe extra for 8 hour - setting 480)

I find that 4 hour Bollinger center (20 SMA) gets very strong reaction, can scalp from it on smaller time frame. Especially if 20 SMA in confluence with something else - Pivots, ABCD pattern, Gartley patterns, 200, 300, 400 SMA's on different time frames. On my chart above i marked those SMA's, it is also strong bump points where price can change direction.

Good luck !
  • #295
  • Jul 19, 2014 2:23am Jul 19, 2014 2:23am
Quoting RabbitWolf
{quote} Hello Lyondegreat, It is basically same thing what Scalpeur is doing. I just use MTF Bollinger Bands. I like chart on 1 hour On 1 hour chart i plot 20 period Standart deviation. MTF 60 min MTF 240 (4 hour BB) MTF 1440 (1 day BB) If i change time frame to smaller i still see those bands and center lines and can scalp, when price is touching those bands Check posts # 97, 102, 103 (i described where i got those bands) {image} If you want to try on 4 hour chart: can plot BB MTF 240 MTF 1440 MTF 10080 (for weekly band) any other if you want (maybe...
Can you please share your MTF Boilinger band? the one you share with the link do work with new MT4 670, thx
Never say no to PIPS
  • #296
  • Jul 19, 2014 10:10am Jul 19, 2014 10:10am
Quoting lazyegg
{quote} Can you please share your MTF Boilinger band? the one you share with the link do work with new MT4 670, thx

I have feeling that you did not read my post properly. Download band at website listed in my picture, it is free. If this one does not work for you, just use other MTF bands. Some links listed here:

http://forexscalping101.blogspot.com...indicator.html

Or just follow Scalpeurs instructions and use regular BB bands.
This thread has only 15 pages, should read all pages and decide if this method is right for you

Good luck !
  • #297
  • Jul 20, 2014 7:04pm Jul 20, 2014 7:04pm
Quoting lazyegg
{quote} Can you please share your MTF Boilinger band? the one you share with the link do work with new MT4 670, thx
Lazyegg,
Send you PM

  • #298
  • Jul 20, 2014 10:04pm Jul 20, 2014 10:04pm
http://nimga.fr/m/icUTa.png

http://nimga.fr/m/PoQ4s.png
  • #299
  • Jul 20, 2014 11:32pm Jul 20, 2014 11:32pm
Nice !

Looks like we've been scalping same direction Asia open trade
Trade inside 1 hour BB, price go from 200 SMA to 300. 400 SMA very strong, need power to brake it.


Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM5.png Size: 76 KB
  • #300
  • Jul 21, 2014 3:35am Jul 21, 2014 3:35am
Quoting RabbitWolf
Nice ! Looks like we've been scalping same direction Asia open trade Trade inside 1 hour BB, price go from 200 SMA to 300. 400 SMA very strong, need power to brake it. {image}
I downloaded the indicator from the website address that you gave me, thank you so much, will play around , have a nice day
Never say no to PIPS
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