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Dynamic Scalp System

  • #701
  • Nov 5, 2014 3:53am Nov 5, 2014 3:53am
MID WEEK
Dynamic Market Comment

UJ Weekly range so far 200 pips with weekly range for last 4 week around 250-270 pips-except last week.
Today range has made 110 pips with 2 Red news (card still in play upcoming hour)

AU,GU,EU has the move 110 pips as well and 2 red news from USD.

The question is what will the news effect for today ?

Since here in DSS thread is NOT the place for "red sell and green buy system specialist"...we here have unique approach and i really like and enjoy our way here....

Always thinking with the dynamic movement from market behavior....
While knowledge speak up, the wisdom listen down
  • #702
  • Nov 5, 2014 3:54am Nov 5, 2014 3:54am
USDJPY
Watch this figure.
Attached Image (click to enlarge)
Click to Enlarge Name: FIGURA.PNG Size: 105 KB
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  • #703
  • Nov 5, 2014 4:43am Nov 5, 2014 4:43am
USDJPY M1

Scalped
Attached Image (click to enlarge)
Click to Enlarge Name: uj scal.PNG Size: 113 KB
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  • #704
  • Nov 5, 2014 5:13am Nov 5, 2014 5:13am
Quoting Patron
USDJPY M1 Scalped {image}
Yes, seem weakness @ 5M TF too...& half number hold (temporary)

So, the 1st red news will play around half number (potentially)...

break or hold the game.

Just check RSI H1 on UJ as well....is it divergence forming?
While knowledge speak up, the wisdom listen down
  • #705
  • Nov 5, 2014 5:23am Nov 5, 2014 5:23am
Quoting sam30
{quote} Yes, seem weakness @ 5M TF too...& half number hold (temporary) So, the 1st red news will play around half number (potentially)... break or hold the game. Just check RSI H1 on UJ as well....is it divergence forming?
I do not know if this will be a triangle, or a shoulder-head-shoulder. Maybe I should remove "sell stop" and do manual trading.
Perhaps the divergence is a signal for a major correction. We'll see. Although the divergence may mean only that the pair has lost momentum.

PS: Definitely, yes. I will delete the pending order, and make manual.
Attached Image (click to enlarge)
Click to Enlarge Name: tri o hch.PNG Size: 119 KB
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  • #706
  • Nov 5, 2014 5:34am Nov 5, 2014 5:34am
Quoting Patron
{quote} I do not know if this will be a triangle, or a shoulder-head-shoulder. Maybe I should remove "sell stop" and do manual trading. Perhaps the divergence is a signal for a major correction. We'll see. Although the divergence may mean only that the pair has lost momentum. PS: Definitely, yes. I will delete the pending order, and make manual. {image}
I have to attend to other matters and leave the computer for a while so I'll order "sell stop" for USDJPY. But I'll collect what is inside the triangle.
Attached Image (click to enlarge)
Click to Enlarge Name: more scalp m1.PNG Size: 129 KB
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  • #707
  • Nov 5, 2014 6:40am Nov 5, 2014 6:40am
Quoting Patron
{quote} I have to attend to other matters and leave the computer for a while so I'll order "sell stop" for USDJPY. But I'll collect what is inside the triangle. {image}
USDJPY
Finally, it has been determined, as a trend continuation triangle.
Attached Image (click to enlarge)
Click to Enlarge Name: tri o hch2.PNG Size: 101 KB
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  • #708
  • Nov 5, 2014 6:44am Nov 5, 2014 6:44am
Quoting Patron
{quote} USDJPY Finally, it has been determined, as a trend continuation triangle. {image}
Very well ... Now to wait and see who brings the American session.
Attached Image
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  • #709
  • Nov 5, 2014 7:02am Nov 5, 2014 7:02am
USDJPY promised a "double top" first; and then looked like it was forming a "head-shoulder shoulder."
TRAP, or error of ours?
Always want to go, how much before the turnaround. And that makes us see figures, unfinished, we take for granted.
Now I try not happen to me, but I made ​​many mistakes of this kind, opening trades against the trend, without confirming the change.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FIGURA.PNG Size: 105 KB
Click to Enlarge Name: tri o hch.PNG Size: 119 KB
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  • #710
  • Nov 5, 2014 7:19am Nov 5, 2014 7:19am
hey guys,

i came over this thread and i realized, that i am trying to find a system which is really similar to this thread. so i will show my thoughts and may we can put something together which is really powerful. this is kind of a trend catching, breakout system.

at first here is my template with an example, what it can do. its on M15 but its easy to set this up for M5 just by changing 2 numbers. entrys are good,
but as ever the exit isnt that great.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 41 KB


entry:
1.breakout from the fibchannel(red and blue MA)
2.bar has the color of the fibzone, which was broken(RSI>50 = blue/RSI<50 = red)
3.wait for the GANN SSL H1 and H4(from the eitan thread, a nice thread btw) to turn in your direction

exit:
1.currently i use the RDL/RDH and RWH/RWL lines as a TP from the sonic system(not that great, needs to be improved!)
2.place the SL under the fibchannel(red and blue MA)

any opinions?
Attached File(s)
File Type: rar RSI-Trendcatcher.rar   372 KB | 401 downloads
  • #711
  • Nov 5, 2014 7:46am Nov 5, 2014 7:46am
Quoting jimmY213
hey guys, i came over this thread and i realized, that i am trying to find a system which is really similar to this thread. so i will show my thoughts and may we can put something together which is really powerful. this is kind of a trend catching, breakout system. at first here is my template with an example, what it can do. its on M15 but its easy to set this up for M5 just by changing 2 numbers. entrys are good, but as ever the exit isnt that great. {image} entry: 1.breakout from the fibchannel(red and blue MA) 2.bar has the color of the fibzone,...
Thanks for taking the work and time of sharing your ideas. Sure everyone will draw out.
The template is clear, as to the averages fibo, and Gann, they give us a very clear view of the M15 trend.
Particularly, I, I like the candlestick, I'm used to them and their information. It's the same with RSI, I like to compare their waves with price (high, low).
And the arrows, I guess you have no value corrections (maybe yes, and I do not know yet).
Anyway, I have not yet tried the template, and this is wishful thinking. So I will try the template, to understand it better.
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  • #712
  • Nov 5, 2014 7:51am Nov 5, 2014 7:51am
Quoting Patron
{quote} Thanks for taking the work and time of sharing your ideas. Sure everyone will draw out. The template is clear, as to the averages fibo, and Gann, they give us a very clear view of the M15 trend. Particularly, I, I like the candlestick, I'm used to them and their information. It's the same with RSI, I like to compare their waves with price (high, low). And the arrows, I guess you have no value corrections (maybe yes, and I do not know yet). Anyway, I have not yet tried the template, and this is wishful thinking. So I will try the template,...
the arrows are not really necessary,but they dont repaint if you mean that.
  • #713
  • Edited 8:10am Nov 5, 2014 7:56am | Edited 8:10am
jumped into GJ nice bounce of the fibchannel and indication looks nice.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 59 KB

edit:
once again it worked quiet well. but when to get out?
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 59 KB
  • #714
  • Nov 5, 2014 8:05am Nov 5, 2014 8:05am
here is an example for the bad exits and why it needs to be improved. so much pips left behind.
enter green arrow
exit red cross
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 56 KB
  • #715
  • Nov 5, 2014 8:11am Nov 5, 2014 8:11am
Quoting jimmY213
here is an example for the bad exits and why it needs to be improved. so much pips left behind. enter green arrow exit red cross {image}
This is a comparison against our template (more ema 233, which I use).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy 34-89-233.PNG Size: 74 KB
Click to Enlarge Name: gbpjpy rsi trend.PNG Size: 84 KB
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  • #716
  • Nov 5, 2014 8:24am Nov 5, 2014 8:24am
Quoting Patron
{quote} This is a comparison against our template (more ema 233, which I use). {image} {image}
In comparison, I conclude that it would be a matter of taste using the template.
With both templates, we can set the trend.
Personally, I have always liked more moving average.
It happens as the RSI, I want to hear about the market condition.
Before, I just used simple averages (sma), because, for me, are the best talk of the market condition, as they are better or worse matched.
But I got used to the exponential averages (emas 34-89-233) and follow them. Indicators such as "SuperTrend" or similar do not speak to me, in the same way that I talk moving average. It is my perception.
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  • #717
  • Edited 8:47am Nov 5, 2014 8:32am | Edited 8:47am
Quoting Patron
{quote} This is a comparison against our template (more ema 233, which I use). {image} {image}
looks really similar to mine, thats why i posted on this thread.

i like the GANN more it gives a good overview where the higher TF are heading. May you wanna have a look into the indicator folder once again and try the RSIOMA indicator its not that noisy like the normal RSI is, just a tip.

if you wanna change the tpl to M5 TF:
-change the slow GANN SSL from D1 to H4(not really necessary, but i like it)
-change the medium GANN SSL from H4 to H1
-change the fast GANN SSL from H1 to M15
  • #718
  • Nov 5, 2014 8:43am Nov 5, 2014 8:43am
Quoting jimmY213
{quote} looks really similar to mine, thats why i posted on this thread. i like the GANN more it gives a good overview where the higher TF are heading. May you wanna have a look into the indicator folder once again and try the RSIOMA indicator its not that noisy like the normal RSI is, just a tip. if you wanna change the tpl to M5 TF: -change the slow GANN SSL from D1 to H4(not really necessary, but i like it) -change the medium GANN SSL from H4 to H1 -change the fast GANN SSL from H1 to M15
For me, making trading is to determine the market condition. From there we look for input by the price action at the appropriate point (support, resistance, retracement, breaks, feedbacks).
Take profits and stop losses must be agree with the wave on which we made the decision.
Therefore, the template is secondary. Must be comfortable trader, and as simple as possible.

All roads lead to Rome ... if you want to go there.

What's important, beyond the template, you have an overview of the market, from which you can draw some possible scenarios (which then will not be met), but you have placed in the path (to Rome).
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  • #719
  • Nov 5, 2014 8:49am Nov 5, 2014 8:49am
Quoting Patron
{quote} All roads lead to Rome ... if you want to go there.
i really wanna go there

would you explain your entry and exit rules? i am curious to hear them!:nerd:
  • #720
  • Nov 5, 2014 8:55am Nov 5, 2014 8:55am
i closed the GJ trade btw.
+44,6 pips

and i guess it will rise much further!
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