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Scalpeur journal, scalping the bollinger band

  • #321
  • Sep 8, 2014 11:21pm Sep 8, 2014 11:21pm
Quoting RabbitWolf
{quote} Looks like somebody hitting target without small bugs participation, nice gap to target on Asia open {image}

Gap was never filled in full, and we will consider, that target is hit on MTF BB.


Some room to go go to 720 BB center and 50 FIB - 1.6000 - big number

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily after.png Size: 42 KB


I did not trade it down
  • #322
  • Sep 9, 2014 6:49pm Sep 9, 2014 6:49pm
http://nimga.fr/m/eGfVn.png

http://nimga.fr/m/8JcR0.png
  • #323
  • Sep 9, 2014 7:11pm Sep 9, 2014 7:11pm
http://nimga.fr/m/3O8lM.png
  • #324
  • Sep 10, 2014 12:52am Sep 10, 2014 12:52am
Hello Scalpeur,

Thank you for sharing your scalping system.

Do you use a trailing stop ?
If you do , how many pips do you use?
  • #325
  • Sep 10, 2014 12:54am Sep 10, 2014 12:54am
Hi,

I don't use trailling stop, because i use fxtrade, maybe with mt4 i can use.
  • #326
  • Sep 10, 2014 12:55am Sep 10, 2014 12:55am
http://nimga.fr/m/cW6w8.png

http://nimga.fr/m/XJjG2.png
  • #327
  • Sep 10, 2014 1:13am Sep 10, 2014 1:13am
Thank you for the answer.

i am using trailing stop on MT4.
But i am not very good about it.
how many pips would you recommend?
  • #328
  • Sep 10, 2014 3:29am Sep 10, 2014 3:29am
It's difficult to say, depend of the spread, the broker, the pair, the strategy.
  • #329
  • Edited 7:49pm Sep 10, 2014 1:43pm | Edited 7:49pm
Saved this as example: Confluence trade meeting of three bands for first time after uptrend. 1 Day, 4 Hour, 1 Hour.

Target 1- top of 1 hour, then 2 - Center of 1 day BB (20 SMA)

Attached Image (click to enlarge)
Click to Enlarge Name: 1 SPX500USDM5.png Size: 66 KB


First target Flat 1 hour BB top
Attached Image (click to enlarge)
Click to Enlarge Name: 2 SPX500USDM5 trade 2.png Size: 62 KB


Second Target - Center of Day BB (it may kick down from center, so profit is taken there)
Attached Image (click to enlarge)
Click to Enlarge Name: 3 SPX500USDM5 2 target.png Size: 70 KB
  • #330
  • Sep 10, 2014 3:46pm Sep 10, 2014 3:46pm
Quoting scalpeur
{image}
Hi,

Could you explain what were the reasons you took the trade in post 323?
Only because previously price went outside BB20 and BB100 and then exceeded the middle BB?

I am asking because I noticed inf BB100 and inf BB20 are not expanding anymore, so if I were you I wouldn't have take the trade.

THanks
  • #331
  • Sep 10, 2014 8:07pm Sep 10, 2014 8:07pm
Hi Dragos,

1- the macd is small, he must go up more
2- the medium bb20 is in the medium, he must go near to bb100 ans bb360. (maybe after can go short, remember confluence bb20,bb100, bb360)
3- not show in the picture, the bb720 is smaller and inside the bb360, and there are flat.




http://nimga.fr/m/RUYv6.jpg
  • #332
  • Sep 10, 2014 8:39pm Sep 10, 2014 8:39pm
If you confuse:

TF = 1 HOUR
BB 360
EMA 20
MACD

The price go one band to other one (95%)

http://nimga.fr/m/MMHfp.jpg
  • #333
  • Sep 10, 2014 11:24pm Sep 10, 2014 11:24pm
Quoting scalpeur
Hi Dragos, 1- the macd is small, he must go up more 2- the medium bb20 is in the medium, he must go near to bb100 ans bb360. (maybe after can go short, remember confluence bb20,bb100, bb360) 3- not show in the picture, the bb720 is smaller and inside the bb360, and there are flat. {image}
Thank you for the explanation. Is clear now
  • #334
  • Sep 11, 2014 12:42am Sep 11, 2014 12:42am
Quoting scalpeur
Hi Dragos, 1- the macd is small, he must go up more 2- the medium bb20 is in the medium, he must go near to bb100 ans bb360. (maybe after can go short, remember confluence bb20,bb100, bb360) 3- not show in the picture, the bb720 is smaller and inside the bb360, and there are flat. {image}


Hi Scalpeur,

What is the theory behind why the MACD needs to be big?
  • #335
  • Sep 11, 2014 2:29am Sep 11, 2014 2:29am
Quoting verjanso
{quote} Hi Scalpeur, What is the theory behind why the MACD needs to be big?
i don't know the theory, i just observe.
  • #336
  • Sep 11, 2014 2:36am Sep 11, 2014 2:36am
Hello Scalpeur ,

Sorry for so many questions

i see the AJ m1 BB 20 & 100 &360 confluence and its going up.
Attached Image (click to enlarge)
Click to Enlarge Name: AJ m1.png Size: 89 KB


But i check m5 it looks like going down
Attached Image (click to enlarge)
Click to Enlarge Name: 螢幕快照 2014-09-11 下午3.17.19.png Size: 89 KB


, and m15 BB 20&100&360 confluenced and is trying to go up to upper 360
Attached Image (click to enlarge)
Click to Enlarge Name: AJ m15.png Size: 95 KB


m1 and m15 is going up but m5 is going down.

How to read the chart correctly?
  • #337
  • Sep 11, 2014 3:01am Sep 11, 2014 3:01am
Here we go, 138.20 TP HIT

http://nimga.fr/m/XA9iX.png
  • #338
  • Sep 11, 2014 3:29am Sep 11, 2014 3:29am
Hi verjanso

I try, JPY and AUD are weak (japan print) (and USD strong, so AUD weak)

What i see:

http://nimga.fr/m/AsVWo.jpg 1 day

http://nimga.fr/m/W6b7c.jpg 1 hour

http://nimga.fr/m/4E5E8.png 15 minutes
  • #339
  • Sep 11, 2014 3:35am Sep 11, 2014 3:35am
Quoting scalpeur
Hi verjanso I try, JPY and AUD are weak (japan print) (and USD strong, so AUD weak) What i see: {image} 1 day {image} 1 hour {image} 15 minutes
Thank you for the answer.
  • #340
  • Sep 11, 2014 3:47am Sep 11, 2014 3:47am
I see better when i open oanda fxtrade, because i have intermediate TF , 2 hours, 3 hours, 6 hours, 8 hours, 12 hours. (with mt4 there is too much difference between 1 hour and 4 hours, need intermediate to see).


http://nimga.fr/m/G8TWn.png

http://nimga.fr/m/StEy5.png

http://nimga.fr/m/9MwTA.png
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