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"Scalping" in 1 day charts

  • #281
  • Oct 29, 2014 9:47am Oct 29, 2014 9:47am
Quoting jojofx
{quote} You can use VLC to play that file. @tnavi: interesting scalping strategy, similar to mine but i aim for more pips in a move and just use candlesticks plus S/R and TL. I have some questions: it seems you base your entrys on break of minor S/R and if UT is same colour am i right? How do you base your exit points? Don't you need candle close after the break for confirmation? I ask because im not expert at heiken_ashi Great work by the way, keep going! You should really quit your job and start trading full time
and yes, for example if price breaks below, the last support area and UT indi is red, is a good moment to enter short.
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #282
  • Oct 29, 2014 10:14am Oct 29, 2014 10:14am
Quoting tnavi
{quote} and yes, for example if price breaks below, the last support area and UT indi is red, is a good moment to enter short.
Can this also be done with the 1min charts Navi or is it to much noise?

Seems to work ok for 1min chart....but I make sure I get out quick tho..... 5-10 pips.... if more is good but if I scalp I only take that lol
  • #283
  • Oct 29, 2014 11:32am Oct 29, 2014 11:32am
Quoting tnavi
{quote} and yes, for example if price breaks below, the last support area and UT indi is red, is a good moment to enter short.
which one you prefer to do scalping in 5 min or scalping in daily ?
  • #284
  • Oct 29, 2014 12:05pm Oct 29, 2014 12:05pm
Quoting Lionheartfx1
{quote} Can this also be done with the 1min charts Navi or is it to much noise? Seems to work ok for 1min chart....but I make sure I get out quick tho..... 5-10 pips.... if more is good but if I scalp I only take that lol
i prefered 5 min charts because 1min has a lot of "sound".tp has around 5 pips
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #285
  • Oct 29, 2014 12:07pm Oct 29, 2014 12:07pm
Quoting forextarget
{quote} which one you prefer to do scalping in 5 min or scalping in daily ?
i love 5 min charts scalp, but since 2 years ago i dont have time to do that.when i have a day free, i play yet with this method.i have another real account that grow when i have time
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #286
  • Edited 12:38pm Oct 29, 2014 12:12pm | Edited 12:38pm
Quoting tnavi
{quote} UT indicator can help us as a filter. if u are playing a wave and finally a candle breaks the trendline, how know if u need to enter long or short? in this case UT indi help us a lot. {image} trust me, when a candle ends, is very very rare that ut indi repaints.

I agree, as I said the main signal is the break of the trendline, and I also said ultratrend repaints (stated by the author, he also recomends to foward test this indi, and he even created two more filters which dont repaint for ultratrend to avoid false entries, and later he created even more to not depend only with ultratrend on his system),It rarely repaints, but It does, I did a lot of testing with a simulator because I was subscribed in Nihilist thread, I am not saying that it is a Bad indicator, but sometimes even if the candle is closed and suddenly there is change direction of the price the last closed bar will dissapear, I use daily charts on my trading so I foward tested on daily charts and I also used a simulator, again this indicator is a good one but It repaints sometimes and your system I think is very good because of its simplicity.

Regards
Indicators always obey Price, not the other way.
  • #287
  • Oct 29, 2014 12:47pm Oct 29, 2014 12:47pm
Quoting tnavi
{quote} i prefered 5 min charts because 1min has a lot of "sound".tp has around 5 pips
with m5 u will be a looser with that strategy. works only H4, daily etc.
looking for investors . pm me
  • #288
  • Oct 29, 2014 1:02pm Oct 29, 2014 1:02pm
Quoting kbmoonshinex
{quote} with m5 u will be a looser with that strategy. works only H4, daily etc.
Not really mate, you just have to be smart about it and not stay in long....that's whole point of scalping...
5-10 pips hits nearly all the time with that strat....if you lose no dramas as you can't win them all...

But I agree more accurate on longer TF. Small TF I use to perfect my entry and scalp when I can.
  • #289
  • Oct 29, 2014 1:05pm Oct 29, 2014 1:05pm
And definitely stay out now and hope you guys on sideline as FOMC is making the pairs go CRAZEH

Wait till settle before going in again.....

Unless u guys are in the right direction and wish you all the best !
  • #290
  • Edited 1:24pm Oct 29, 2014 1:14pm | Edited 1:24pm
Never mind. I found the answer in another thread.



Does anyone else was a problem with downloading an indicator for MT4 and it not show up in the indicators. I am using windows 7. I have just started having this problem. It is driving me nuts. I go in the properties for the file and it is Blocked and I unblock it and check it again and it shows still blocked. Can anyone help with this please..

I am trying to download and install the Nihilist_Ultra_Trend_V2.
  • #291
  • Oct 29, 2014 1:46pm Oct 29, 2014 1:46pm
IF you buy here ouch thats why we need a tight stoploss look at this one 100+pips in mins!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: ouch.png Size: 22 KB
  • #292
  • Oct 29, 2014 1:55pm Oct 29, 2014 1:55pm
Quoting forextarget
IF you buy here ouch thats why we need a tight stoploss look at this one 100+pips in mins!!!! {image}
Yeh I agree, which is why you dont trade news cuz it can either make you or break you......its a flip of a coin really....

The trade did go well long according to the indicator and I was already out a few days ago which I am very thankful to God......FOMC had to mess everything up lol....
I hope you people that went long got out safely with nice pips + profit or if you did take a hit was minimal.
  • #293
  • Oct 29, 2014 2:01pm Oct 29, 2014 2:01pm
If you are scalping you have to have all components of the trade in your favor. In addition you have to know where the walls exist in the market. Think of the market as a car if you drive it into concrete wall it will stop.

How do you define walls and their strength in the market?
How do you identify them?
What are some characteristics of a wall?

Scalping:

Which currency pair are you scalping?
What is the spread?
What is the average movement (per day, week, time frame)?
How much movement does the pair give back per time frame?

If you can begin to answer these questions you may have a shot at scalping successfully if not you are just prolonging the inevitable of a blown up account with successive losses that you cant make up.
  • #294
  • Edited 3:27pm Oct 29, 2014 2:04pm | Edited 3:27pm
Quoting forextarget
IF you buy here ouch thats why we need a tight stoploss look at this one 100+pips in mins!!!! {image}

Agree, also there was the FOMC Metting, and never,never trade before this event. If you are already in profit you can set your stop loss with some gains , knowing that the news will make your position hit your stop loss or will increase your gains, in that case you could take a chance but if your position is new close it before this type of events.
Indicators always obey Price, not the other way.
  • #295
  • Oct 29, 2014 2:19pm Oct 29, 2014 2:19pm
I have tried to trade with Nihilist ultra trend indi before but the repainting issue was alarming regardless of the time frame be t daily or 4hrly, so i abadoned it.

As simple as this system is, to have a winner in the long run, a way must be devised to cut or filter the whipsaws 70% of the time.
  • #296
  • Oct 29, 2014 5:14pm Oct 29, 2014 5:14pm
Quoting tnavi
the UT indicator repainted the antepenultimate block. {image} here we can go long with all the artillery go long guys!
whoaah! what happened to EU? there was two green bars already when i buy. when i wake up this morning its already two red bars. Thats what you say no repainting??
  • #297
  • Oct 29, 2014 5:56pm Oct 29, 2014 5:56pm
Quoting mario777
{quote} whoaah! what happened to EU? there was two green bars already when i buy. when i wake up this morning its already two red bars. Thats what you say no repainting??
Nah EU got fucked cause of FOMC mate.......longs was fine 2 days ago if you manage to exit before drop.
  • #298
  • Oct 29, 2014 6:03pm Oct 29, 2014 6:03pm
I'm a little confused. As a bar is building, I can see that an indicator can change back and forth. However, when a bar closes, everything is based on the closed, can't be changed, price. How then, can an indicator repaint after the bar closes?
  • #299
  • Oct 29, 2014 6:31pm Oct 29, 2014 6:31pm
very nice i like

thanks Tnavi
so fractals give us a consistent way to make a line trend
here one friend give us the idea
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily fractal.png Size: 44 KB
  • #300
  • Oct 29, 2014 6:43pm Oct 29, 2014 6:43pm
Quoting JackAntigua
I'm a little confused. As a bar is building, I can see that an indicator can change back and forth. However, when a bar closes, everything is based on the closed, can't be changed, price. How then, can an indicator repaint after the bar closes?
Many of these type of indies do backwards repaint. This one is one of the lesser repainting ones, but it still does to an extent. Not sure if it could be made to NOT repaint, but there is probably a reason why it can't. That is why back-testing with this type of indie does not work. Better to forward test, or use a simulator.
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