Dynamic Scalp System

Hi All,

I am a BIG Fans of Scalp Method and Sonic R. System. I do to combine and use its in my trading decision.
Note about me:

1. english is not my mother language so i use google (if i make mistake its google mistage ).
2. i hope this will explode both my english skill and trading as well

Thats all.



So, Lets start the journey....

i will explain in gradual

About system:
This system is totally derived from Sonic R. System…and adjusted for scalp by me. Respecfully, many thanks to Guru/Master Sonic and Professor Tah -the founder and co founder of the great system. To know more about Sonic R.System, here is the link:http://www.forexfactory.com/showthread.php?t=114792.

PS: I will not answer any question or relation about Sonic R. System here!!

The Philosophy:

1. The Markets is always right, so please respect it.
2. The Markets have dynamic move along time although the history always repeat itself.
3. When Scalp method combine with great system, its should be profitable.
4. There is always loss and profit. The only goal is loss < profit or at minimum BEP (breakeven point) based on daily targets in pips.
5. Always cut the losses at appropriate level and let the profit to run for a while.
6. What Scalp mean for me : open and close for the same day.
7. Pips count as follow : when price move from 17100(5 digit) to 17000 it count 100 pips, the profit/loss have 2 factor --- pips and value of pip that depend on your lots size.

Important Note:
This system on "continuous" development process, so please try at demo first. Please share sincere whatever you think/fell will constructive for this system otherwise please leave ...many thanks in advance .


Update:
Starting 1st october 2014, there are two kind trading based dynamic market movement.
First, scalp system or DSS- have been presentation/posting with example here.

Second, swing trade that support DSS- the analysis taken from bigger TF. Trying to catch weekly range around 100 pips or more depend on what market give. Will not trying to pick up the top of the top or bottom of the bottom....swing will close at the same week.

* I have the polling started October 10th,2014 - October 25th,2014 and here is the documentation ( its part of the content of thread) since (as promised) i will close this end of the week(25/10/2014).

**Additional Indicator (optional Use) in Pages #3 Fractal Line. Will not answer about Indi along thread post later.thanks.


Core System:
There is always dynamic move/pattern and there is always interesting to see what price doing at dynamic support/resistance and at past support/resistance level.

Configuration :

Time Frame : 5 minute

Indicators:
EMA 34 @close (yellow) – as dynamic Support/Resistance I.
EMA 89 @ close(magenta)- as dynamic Support/Resistance II.

Other stuff:
Horizontal line to draw Support/Resistance of past Price Action – where Stop Loss and Take profit decide.
Trend line (in additional)


Here is the pic....

There is will be two method to practise this system:
Basic method – the scalp expected will follow the trend.
Advanced method - will discuss later.

This presentation will discuss the basic method first.

When to buy and sell ?
SELL Only:
EMA 34 below EMA 89
BUY Only:
EMA 34 above EMA 89

Explanation the pic below:

1. rectangle number 1( will only buy) and number 2 (will only sell).
2. dynamic support/resistance.
3. ellipse as transition--there is more risk and probable loss but at limited number.

here is the pic ...to make clear visualization.

How to enter trade:
Entry #1 if price break Horizontal line -past support/resistance level and EMA 34 cross EMA 89 (E@A)
or if price rejected at EMA 34(E@A)--assumed pullback.

Entry #2 if price rejected at EMA 89 (E@B).

Stop : Last Horizontal support/resistance.
Take Profit: Past Horizontal Support/resistance.

here is the pics...

add note:
E@A ; enter @ point A
E@B : enter @ point B
SL : Stop loss
TP : could be at profit, recomended @ past support/resistance.
ellipse: potential loss --assumed as cost of trading...

TL : take loss ...ups just joke when we trap on ellipse situation we know it and cut the loss---we aware that we probably loss here.

Scenario for every Entry :
1 entry win or 1 entry loss.
All 2 entry loss or all 2 entry win or 1 loss and 1 win assumed at breakeven.---will be explain in pics later (Pic A1)

Will add 1-2entry again for clear direction/strong move---so there will be 3 or 4 entry hold.* (will explain later).

For money management purpose:
max entry each pair 4 entry and min 1 entry.
2nd entry to back up the first one---expected close at BEP or could profit.
3rd and 4th for more profit when system support.

pic A 1...explanation:

sell only EMA 34 below EMA 89 and cross -clear.
E@A break past S/R or rejected in EMA 34 Dynamic S/R 1- clear.
E@B rejected at EMA 89 as dynamic S/R 2- clear.( back up E@A floating loss>< if unexpected happen 2 loss)-clear

Additional entry:
1st or/and 2nd entry @ profit---- add #3 when price break past S/R.(carefull it could be false break as well there).--clear
Never add or open new entry when price didnt test 34 EMA.---could be opposite direction.--clear

On every "ellipse" zone or transition zone -----> false signal highly risk ! ---clear

Pic ......when the system congruence with the market move...


Potential 1 entry loss @ ellipse zone as predicted (high risk)

All in one explanation...

perfecto example how to add entry...in profit lock and clear direction

See how the horizontal line play as S/R (static) for SL & TP and scalp system based dynamic S/R play as entry point and for add or open new one...

trade taken from last friday...play S/R area and supported by the dynamic scalp system...lock profit now with 3 entry

pic....EMA 34 cross EMA 89---with dynamic support the move....total 4 entry and will close all entry @ pivot point

Short term plan on EU:

after close all entry on EU, will re-entry @ rejected 34 EMA or 89 EMA)---dynamic S/R play around 12838-12848 now.
SL : last Support @12830 , 12800
TP : last resistance @ pivot point, 12875 , 12885, 12895, 12900

Expected will play range around 12850 area before news (12835-12865)

Pivot @12860, range so far 34 pips & expected range daily around 70 pips-90 pips.

News to be watch : Draghi Speak and US medium impact news.

Done...re-enter on rejected 34EMA.

Hope it achieve TP...at least at profit.
If move down--back up entry#2 with alternative target BEP, entry#1 (in profit), all 2profit.
If unexpected move happen ---Take loss @ SL (all 2 entry will loss) ---part of the game .

UJ on play....

GU on play...

close EU since look hesitate to break 12867 area...and UJ look move up.

GU seems down as well...

EU, i tought many seller waiting to loading sell when break 12852 level...

UJ on play...

GU on play...aggressive..