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Dynamic Scalp System

  • #561
  • Oct 31, 2014 11:24am Oct 31, 2014 11:24am
Quoting Patron
GBPUSD M5 long Short term or scalping. Will see {image}
For me, today, weekend, month end, has been a very instructive day, although I've only dared to do some scalping the GBPUSD and EURUSD. I did not dare with other pairs, one for distrust, and others, JPY, because always looked overbought, and I dared not to buy or sell.

It may be interesting to keep this day, even in memory, better writing.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.PNG Size: 107 KB
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  • #562
  • Oct 31, 2014 11:25am Oct 31, 2014 11:25am
Quoting sam30
{quote} My own analysis...trapped me...i just suspect any rejection there..so just scalp actually...BUT happen... will look price in hole(very close and deep)....xo xo xo {image}
I understand. Do not put stoploss?
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  • #563
  • Oct 31, 2014 11:40am Oct 31, 2014 11:40am
Quoting Patron
{quote} For me, today, weekend, month end, has been a very instructive day, although I've only dared to do some scalping the GBPUSD and EURUSD. I did not dare with other pairs, one for distrust, and others, JPY, because always looked overbought, and I dared not to buy or sell. It may be interesting to keep this day, even in memory, better writing. {image}
I had a pending order in the EURUSD, implemented. But the stoploss, placed where I thought it should not lower the price, so that was good for my purchase was also run. So I lost 25 pips, offset by 40 pips to gain the GBPUSD. Total the day today, as I said, was, at least to me, or to observe and learn, orelse to take on vacation.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd perdido.PNG Size: 86 KB
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  • #564
  • Oct 31, 2014 11:48am Oct 31, 2014 11:48am
Quoting Patron
{quote} I had a pending order in the EURUSD, implemented. But the stoploss, placed where I thought it should not lower the price, so that was good for my purchase was also run. So I lost 25 pips, offset by 40 pips to gain the GBPUSD. Total the day today, as I said, was, at least to me, or to observe and learn, orelse to take on vacation. {image}
Humans have a tendency to complicate everything. Enough to follow the trend, to be successful with this pair. Perhaps GBPUSD dragged me, which I thought was going to rise.

We will see what happens next week, next month .
Attached Image (click to enlarge)
Click to Enlarge Name: lofacil.PNG Size: 90 KB
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  • #565
  • Oct 31, 2014 11:58am Oct 31, 2014 11:58am
Quoting Patron
{quote} I understand. Do not put stoploss?
No SL,rarely use...just mental SL and feeling (usually i set pending order hedge to cover unexpected move)
but not for case UJ...who expect 335 pips daily and 500 pips weekly range anyway...(excuse way....LOL)

I will not let market eat me easily... i was as "sitting duck" before ........lol
i know price will move back to test 110 level....its just trap for me...one break 111,90 its should break down...BUT not today i guess... 111,90 hold still long even H4 look candle for reversal down...but daily candle and weekend day factor will invalidate that...i guess so....playing guess now...lol
While knowledge speak up, the wisdom listen down
  • #566
  • Oct 31, 2014 12:05pm Oct 31, 2014 12:05pm
Quoting Patron
{quote} I had a pending order in the EURUSD, implemented. But the stoploss, placed where I thought it should not lower the price, so that was good for my purchase was also run. So I lost 25 pips, offset by 40 pips to gain the GBPUSD. Total the day today, as I said, was, at least to me, or to observe and learn, orelse to take on vacation. {image}
will learn from your discipline.... i know will be another best chance to trade....and never fight the ocean when want to surf the wave...
While knowledge speak up, the wisdom listen down
  • #567
  • Oct 31, 2014 12:57pm Oct 31, 2014 12:57pm
Quoting sam30
{quote} No SL,rarely use...just mental SL and feeling (usually i set pending order hedge to cover unexpected move) but not for case UJ...who expect 335 pips daily and 500 pips weekly range anyway...(excuse way....LOL) I will not let market eat me easily... i was as "sitting duck" before ........lol i know price will move back to test 110 level....its just trap for me...one break 111,90 its should break down...BUT not today i guess... 111,90 hold still long even H4 look candle for reversal down...but daily candle and weekend day factor will invalidate...
UJ >>As predicted...111,90 hold then long
While knowledge speak up, the wisdom listen down
  • #568
  • Oct 31, 2014 12:57pm Oct 31, 2014 12:57pm
Quoting sam30
{quote} No SL,rarely use...just mental SL and feeling (usually i set pending order hedge to cover unexpected move) but not for case UJ...who expect 335 pips daily and 500 pips weekly range anyway...(excuse way....LOL) I will not let market eat me easily... i was as "sitting duck" before ........lol i know price will move back to test 110 level....its just trap for me...one break 111,90 its should break down...BUT not today i guess... 111,90 hold still long even H4 look candle for reversal down...but daily candle and weekend day factor will invalidate...
Mental Stoploss, can be good in normal days. Today is a very special day. You've already seen. End of month and weekend.
Today many people, I am sure, has been caught. You need only take a walk around, to notice. The problem today is not technical or system. The problem today is that it is a very special day. And we must remember. When I got up this morning and saw what happened with JPY, I feared the worst, and I had no courage nor buy nor sell.
Attached Image
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  • #569
  • Oct 31, 2014 1:11pm Oct 31, 2014 1:11pm
Quoting Patron
{quote} Mental Stoploss, can be good in normal days. Today is a very special day. You've already seen. End of month and weekend. Today many people, I am sure, has been caught. You need only take a walk around, to notice. The problem today is not technical or system. The problem today is that it is a very special day. And we must remember. When I got up this morning and saw what happened with JPY, I feared the worst, and I had no courage nor buy nor sell. {image}
Totally Agree...anyway...i hv break DSS scalp rule ....i only use S/R @ higher TF to take decision...it seem lock my mind (best learning)

If i follow scalp along DSS way..should be make big money today...its text book trade..just see level 110.50, 111.00 & 111.50
very good set up long there...

Now must see market minute by minute.....I have hedge my trade...the hegde will only be open when price seem break 111,90 so not for take pips...this is the best way to hegde i though for UJ case...will let it run up whatever market want...will cover by scalp only in right time and with SL too..
While knowledge speak up, the wisdom listen down
  • #570
  • Oct 31, 2014 1:16pm Oct 31, 2014 1:16pm
Quoting Patron
{quote} Not just a candle. The reversal has to be similar to those you see on the chart, in my opinion. {image}
We also look for patterns reverse in lower timeframes. But you have to put the objectives in relation to these patterns.
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  • #571
  • Oct 31, 2014 1:20pm Oct 31, 2014 1:20pm
Quoting sam30
{quote} Your specialist...EURAUD ...LOL. Today just play and trapped UJ...no need to headache with other pair... i have been enought to play more...as i want to close trade each week (no hold for weekend)...but would not happen i think...on UJ... I know by hegde will safe for a while till next week will see what will happen
If you mean the pair I've worked with recently, was the AUDUSD.
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  • #572
  • Oct 31, 2014 1:24pm Oct 31, 2014 1:24pm
Quoting Patron
{quote} We also look for patterns reverse in lower timeframes. But you have to put the objectives in relation to these patterns.
I though market will play around 2 red news last night for end month prize ...and no such move like i was expected..then feel the game is over and market will play relax ... i really dont expect Yen with big move today
While knowledge speak up, the wisdom listen down
  • #573
  • Oct 31, 2014 1:26pm Oct 31, 2014 1:26pm
Quoting Patron
{quote} If you mean the pair I've worked with recently, was the AUDUSD.
Anyway....do you take or enter the trade after close of candle or by pending order?
While knowledge speak up, the wisdom listen down
  • #574
  • Oct 31, 2014 1:36pm Oct 31, 2014 1:36pm
Quoting sam30
{quote} UJ...triangle continuation played..as preferable.
This triangle is continuing, because the correction is completely contained in it, and because the wave was not done (The triangles are usually the "wave 4" or "Waves B").
Attached Image (click to enlarge)
Click to Enlarge Name: TRIANGLE continuacion.PNG Size: 73 KB
Attached Image (click to enlarge)
Click to Enlarge Name: audusd diamond.PNG Size: 87 KB

However, the AUDUSD drew a different triangle, containing a complex wave B (on H4 timeframe), was also part of a diamond, as diamond AUDJPY, ending in the triangle, and is not continuing, but the price dropped sharply, according to news.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: triangle wave B.PNG Size: 137 KB
Click to Enlarge Name: diamante.PNG Size: 172 KB
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  • #575
  • Oct 31, 2014 1:37pm Oct 31, 2014 1:37pm
By simple logic ....UJ should touch 112.47 again today...if not will get HH HL on lower TF....market will not do that...

Then next week is very easy to play what ever want to do...might gap up @ open market
While knowledge speak up, the wisdom listen down
  • #576
  • Oct 31, 2014 1:49pm Oct 31, 2014 1:49pm
Quoting Patron
{quote} This triangle is continuing, because the correction is completely contained in it, and because the wave was not done (The triangles are usually the "wave 4" or "Waves B"). {image}{image} However, the AUDUSD drew a different triangle, containing a complex wave B (on H4 timeframe), was also part of a diamond, as diamond AUDJPY, ending in the triangle, and is not continuing, but the price dropped sharply, according to news. {image} {image}
If i know the length of the continuing wave... i will just let it run and i just check weekly chart .....its forming 2 candle for Long

**with full body candle @ daily ...its should target next........ S/R 114 level

Note : this is best learning for us...to take plan before trade....with good preparation.
While knowledge speak up, the wisdom listen down
  • #577
  • Oct 31, 2014 1:55pm Oct 31, 2014 1:55pm
Quoting sam30
By simple logic ....UJ should touch 112.47 again today...if not will get HH HL on lower TF....market will not do that... Then next week is very easy to play what ever want to do...might gap up @ open market
We'll see, I'll follow too closely.

I just saw that it is very likely (after wave analysis) if the low quote of marking on the chart level, the AUDUSD weekly downtrend resumes. I have to check this, but it is very likely.
This scenario can be changed (flag, triangle, zigzag). But if the weekly trend continue, the entry would be out there.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd for short.PNG Size: 95 KB
Click to Enlarge Name: audusd W.PNG Size: 104 KB
Click to Enlarge Name: audusd d.PNG Size: 120 KB
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  • #578
  • Oct 31, 2014 2:28pm Oct 31, 2014 2:28pm
Quoting Patron
{quote} We'll see, I'll follow too closely. I just saw that it is very likely (after wave analysis) if the low quote of marking on the chart level, the AUDUSD weekly downtrend resumes. I have to check this, but it is very likely. This scenario can be changed (flag, triangle, zigzag). But if the weekly trend continue, the entry would be out there. {image} {image} {image}
AU ... for me its trapped too LOL..between range of line 8825 - 8775. need to see more close day by day next week..not want to lock mind again with our bias...xo xo xo...just plan and anticipated
Attached Image (click to enlarge)
Click to Enlarge Name: AU weH4.png Size: 29 KB
While knowledge speak up, the wisdom listen down
  • #579
  • Nov 1, 2014 2:12am Nov 1, 2014 2:12am
WEEKLY EU & GU...

Any comment or idea, just please share....Tq.


"happey" week end
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU nov.png Size: 28 KB
Click to Enlarge Name: GU nov.png Size: 26 KB
While knowledge speak up, the wisdom listen down
  • #580
  • Nov 1, 2014 4:03am Nov 1, 2014 4:03am
Got busted a couple of times already in these forex thingy but the desire of correcting my mistakes has come back. Came across your DSS a moment ago and found it to be quite interesting. Looking forward to more postings from you guys.
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