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Dynamic Scalp System

  • #41
  • Sep 22, 2014 6:53pm Sep 22, 2014 6:53pm
Quoting thefxpros
{quote} this please... {image}
Note : This origin source of indi from my fellow trader FXEmpire's Threat (consequence price trading).

thanks
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File Type: ex4 Fractal lines.ex4   21 KB | 1,719 downloads
While knowledge speak up, the wisdom listen down
  • #42
  • Sep 22, 2014 7:07pm Sep 22, 2014 7:07pm
in asia session, its best to plan what will we do with out trade next...

Since the market movement is always up, down or range ( This is my master quotes...)

what do you think or plan on EU, GU and UJ pair, guys?
its not about to be right/wrong...its just about sharing idea and the consequency of our plan...

I hope you all like and sincere to share whatever you think/feel here...then we will make a summary together....


ten head is better than one.

cheers
While knowledge speak up, the wisdom listen down
  • #43
  • Sep 22, 2014 7:36pm Sep 22, 2014 7:36pm
EU level to watch:
Resistance level : 12867, 12875, 12895,12925, 12977
Support level : 12836,12816,12800, 12777, 12750

Pivot : 12842.

yesterday range : 55 pips, expected range today 70-90 pips.

News : EU 2 red news and no US red news todays....

price @ 12850 level now....
While knowledge speak up, the wisdom listen down
  • #44
  • Sep 22, 2014 10:04pm Sep 22, 2014 10:04pm
Plan for today :

 

  1. Best scalp for today ---- UJ , AU.
  2. EU might make fakeout during /between news --- will up first then down or otherwise. Will enter late for the 2 nd news (let them catch first).
  3. GU will play a bit late..
  4. will play UCHF as a mirrow opposite of EU (EU sell UC buy or contrary..)


trade well, all

While knowledge speak up, the wisdom listen down
  • #45
  • Sep 22, 2014 11:17pm Sep 22, 2014 11:17pm
GU on...
Attached Image (click to enlarge)
Click to Enlarge Name: GUon1.png Size: 33 KB
While knowledge speak up, the wisdom listen down
  • #46
  • Sep 22, 2014 11:32pm Sep 22, 2014 11:32pm
EU & UCHF on...will take quick ....UJ down so probably EU/UCHF just Fakeout
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU on1.png Size: 34 KB
Click to Enlarge Name: uchf0n.png Size: 34 KB
While knowledge speak up, the wisdom listen down
  • #47
  • Sep 22, 2014 11:37pm Sep 22, 2014 11:37pm
UJ floating loss...
Attached Image (click to enlarge)
Click to Enlarge Name: UJ loss01.png Size: 31 KB
While knowledge speak up, the wisdom listen down
  • #48
  • Sep 23, 2014 12:12am Sep 23, 2014 12:12am
Quoting sam30
EU & UCHF on...will take quick ....UJ down so probably EU/UCHF just Fakeout {image} {image}
as warning...EU & UCHF make fakeout there...

take caution on the next news...
While knowledge speak up, the wisdom listen down
  • #49
  • Sep 23, 2014 12:33am Sep 23, 2014 12:33am
Quoting sam30
{quote} as warning...EU & UCHF make fakeout there... take caution on the next news...
will be very surprise if GU down below Weekly open...
While knowledge speak up, the wisdom listen down
  • #50
  • Sep 23, 2014 12:50am Sep 23, 2014 12:50am
UJ play hedge...Hour Chart show deep support there..

Note: not recomended to hedge without experience on how to play hedge & probably not suit for US trader as FIFO rule

reason to hedge: USD longtern strong but short term weak...just protect capital
Attached Image (click to enlarge)
Click to Enlarge Name: UJ hedge.png Size: 36 KB
While knowledge speak up, the wisdom listen down
  • #51
  • Sep 23, 2014 12:57am Sep 23, 2014 12:57am
Seems EU will down to accompany GU...
While knowledge speak up, the wisdom listen down
  • #52
  • Sep 23, 2014 2:10am Sep 23, 2014 2:10am
EU & UCHF play hegde...unexpected move happen...

UJ might find minor support @108.25-108.00 area....if hold then the its time to short EU & buy UCHF (minimal target BEP)---so no loss.

GU re-enter short as well when UJ find bottom...
Attached Image (click to enlarge)
Click to Enlarge Name: eu hegde.png Size: 29 KB
While knowledge speak up, the wisdom listen down
  • #53
  • Sep 23, 2014 3:29am Sep 23, 2014 3:29am
just a tought on GU...

many traders call it one of the beast...news on GBP reds and its move up so fast...from bottom.

its never touch below weekly open as well...

If move up above 16405...will strong bull there---oto 16500 or more.

i am short with SL there...target WO or below...good R:R as well..

only buy above 16400 with clear movement...
While knowledge speak up, the wisdom listen down
  • #54
  • Sep 23, 2014 5:46am Sep 23, 2014 5:46am
Important Note:

as a retail traders, we have all the weapon/tools such as S/R, fibo, systems and so many others stuff.....in the other hand markets itself known our weapon and how we play and know how to play us....

see...what market (price action) doing around 16400 on GU ?

Trade well, all
While knowledge speak up, the wisdom listen down
  • #55
  • Sep 23, 2014 5:52am Sep 23, 2014 5:52am
sometimes...we make mistake/wrong decision...knowing how to handle and how to counter attact is a must to survive in forex....

what i did on UJ...make wrong trade---hegde to protect capital ---then counter attact to bailout floating loss...(minimise loss)

the tough trade of the day
Attached Image (click to enlarge)
Click to Enlarge Name: uj bailout.png Size: 34 KB
While knowledge speak up, the wisdom listen down
  • #56
  • Sep 23, 2014 6:49am Sep 23, 2014 6:49am
If GU fall below 1.6370 , then my plan might work

will see GU @ 6300 or even lower. hope will catch there
While knowledge speak up, the wisdom listen down
  • #57
  • Sep 23, 2014 6:52am Sep 23, 2014 6:52am
hopefully will see GU drop so fast in minutes....
While knowledge speak up, the wisdom listen down
  • #58
  • Sep 23, 2014 6:58am Sep 23, 2014 6:58am
what GU sellers waiting?
While knowledge speak up, the wisdom listen down
  • #59
  • Sep 23, 2014 7:25am Sep 23, 2014 7:25am
EU & UCHF ....counter attack after (wrong decision)

another tough trade of the day....need patience.


GU on profit with SL...lets it run (if lost will very limited and still green pips)

time to take a rest...may the best for you all.

cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Uchf bailout.png Size: 33 KB
Click to Enlarge Name: uebailou.png Size: 34 KB
While knowledge speak up, the wisdom listen down
  • #60
  • Sep 23, 2014 9:26pm Sep 23, 2014 9:26pm
Quoting sam30
Plan for today : Best scalp for today ---- UJ , AU. EU might make fakeout during /between news --- will up first then down or otherwise. Will enter late for the 2 nd news (let them catch first). GU will play a bit late.. will play UCHF as a mirrow opposite of EU (EU sell UC buy or contrary..) trade well, all
Summary of yesterday trade:
(all plan, entry, action during floatingand closing entry have posts here live in real time)

Result in pips:
GU : entry #1 +30 , entry # 2 floating profit +20 and price move up get SL - 10....net +20 pips.
EU : entry#1 floating loss(close -6 ), entry #2 hegde +20, entry #3 +30, entry # 4 +6 ...net +50 pips.
ICHF: entry#1 floating loss(close -8 ), entry #2 hegde +18, entry #3 +18 , entry # 4 +8 ...net +36 pips.
UJ:entry#1 floating loss(close -10), entry #2 hegde +20, entry #3 +20 , entry # 4 +10 ...net +40 pips..........total in pips 146 pips.

Trade plan: not work as planned except on GU.... EU,UJ, UCHF take hegde as emergency plan.
Hegde taken cos no red news ---no worried of big fakeout.
While knowledge speak up, the wisdom listen down
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