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Dynamic Scalp System

  • #721
  • Nov 5, 2014 8:56am Nov 5, 2014 8:56am
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,...
First , welcome Jimmy...

Seem we at the same time joining to FF ....
Your thoughts is welcome...and for everybody's constructive idea is welcome too...
Lets ...see what will happen with our combination to dance with the market ...
will see your thoughts more...
While knowledge speak up, the wisdom listen down
  • #722
  • Nov 5, 2014 8:58am Nov 5, 2014 8:58am
Quoting sam30
{quote} First , welcome Jimmy... Seem we at the same time joining to FF .... Your thoughts is welcome...and for everybody's constructive idea is welcome too... Lets ...see what will happen with our combination to dance with the market ... will see your thoughts more...
hehe on august too.
  • #723
  • Nov 5, 2014 8:59am Nov 5, 2014 8:59am
The system does not allow me to respond more private messages for today.
Donde hay Patron no manda Marinero
  • #724
  • Nov 5, 2014 9:03am Nov 5, 2014 9:03am
In this thread, the most examples there is scalping. And some examples a little longer. But the bottom line is the same.

Now I have to go, but ....
Donde hay Patron no manda Marinero
  • #725
  • Nov 5, 2014 9:29am Nov 5, 2014 9:29am
next example with a good trade but missed so many pips...
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  • #726
  • Nov 5, 2014 9:37am Nov 5, 2014 9:37am
Quoting jimmY213
{quote} hehe on august too.
Hello again Jimmy,

I will strike to the point ...for what will be the journey of this thread
first, what is your review about DSS scalp and swing along the journey...as what you see(actually we need its)
what i hope about review is Strength and weakness.
I am open for your question too..

Then...

Secondly, would you explain more about your system if it entry and exit based system. So i will take a look and review as well to see deeply your thought...

Patron view and opinion is expected and very welcome for this fine tuning process...

and finally, we will have better understanding...to see each other..not to argue or who is better..at the end we all as traders will choose whats fit with our trading style.
Then i will make clear point ---as summary for all the followers here since its my responsibility.

Thanks
While knowledge speak up, the wisdom listen down
  • #727
  • Edited 10:54am Nov 5, 2014 10:25am | Edited 10:54am
Quoting sam30
{quote} Hello again Jimmy, I will strike to the point ...for what will be the journey of this thread first, what is your review about DSS scalp and swing along the journey...as what you see(actually we need its) what i hope about review is Strength and weakness. I am open for your question too..
first of all i really like the thread because of the similarity to my own system i put together separately. right now i use it as a scalper on higher TF (M15).

Strength:
-it really is the entry point in my eyes. easy to see and to execute.
-less indicators, which makes it an easy system and just easy systems will lead to success
-it can be used to all TF

weakness:
-for me it really is the exit.

Quoting sam30
{quote}Then... Secondly, would you explain more about your system if it entry and exit based system. So i will take a look and review as well to see deeply your thought...
i talked to patron in private. i think he will show us his toughts.

Quoting sam30
{quote}Patron view and opinion is expected and very welcome for this fine tuning process... and finally, we will have better understanding...to see each other..not to argue or who is better..at the end we all as traders will choose whats fit with our trading style. Then i will make clear point ---as summary for all the followers here since its my responsibility. Thanks
here is my summary.

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

example - AU M15
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example - EU
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example - open right now USDCAD
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  • #728
  • Nov 5, 2014 10:57am Nov 5, 2014 10:57am
Quoting jimmY213
{quote} first of all i really like the thread because of the similarity to my own system i put together separately. right now i use it as a scalper on higher TF (M15). Strength: -it really is the entry point in my eyes. easy to see and to execute. -less indicators, which makes it an easy system and just easy systems will lead to success -it can be used to all TF weakness: -for me it really is the exit. {quote} i talked to patron in private. i think he will show us his toughts. {quote} here is my summary. entry: 1.breakout from the...
Thanks for your quick review ...
Let me see deeply to your similar system...and i need a time for that..since here is time for sleep....
and i still hold UJ floating loss in huge pips...he he he.

One Question for your system(sorry for my lack of english)..are yours own system (scalper on 15 TF) is same with the example you have explain in your previous post? what i mean you used your example for your trading decision for entry and exit?
No other system secret one ...he he he like what you want to share in private with Patron?

If YES,same.... Then i will take a look about it....soon

thanks again...
While knowledge speak up, the wisdom listen down
  • #729
  • Nov 5, 2014 11:50am Nov 5, 2014 11:50am
Quoting sam30
{quote} Thanks for your quick review ... Let me see deeply to your similar system...and i need a time for that..since here is time for sleep.... and i still hold UJ floating loss in huge pips...he he he. One Question for your system(sorry for my lack of english)..are yours own system (scalper on 15 TF) is same with the example you have explain in your previous post? what i mean you used your example for your trading decision for entry and exit? No other system secret one ...he he he like what you want to share in private with Patron? If...
so you are short on UJ? UUUH... my view on that would have been like an almost perfect long. enter at the aqua vertical line. i hope it turns out well buddy.
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the timeframe doesnt matter. just change the GANN SSL indicators and you can use it the same way on M5. just to make sure you understood this.

there is no other system. i just use this, with the rules i posted. its basically your system just with other MAs. even the GANN SSL is some sort of MA. RSI is shown by the color of my bars. if they are red RSI<50 if they are blue RSI>50. And a S/R indicator. thats it.

JUST moving averages, rsi and S/R lvls. like patrons tpl.
  • #730
  • Edited 4:13pm Nov 5, 2014 3:39pm | Edited 4:13pm
Jimmy213,

I reiterate my thanks for your input, sure many people will take advantage. I'm not going to take advantage.
At the end I will explain why, although I have made ​​some progress in previous posts.

I never base my trading decisions on indicators, but rather the reverse, I use an indicator to ratify a prior technical decision. That does not mean that some traders, yes they do successfully, thanks to a lofty capital management.

Anyone who knows me knows that I do not believe in any system because the nature of the market is not systematic, but fractal.
System sounds, making decisions based on indicators. That works until that stop. So I prefer to talk about strategies.

I believe in market dynamics, where all timeframes (like fractal concept) are dynamically interconnected.
I believe in strategies where several factors are combined as: the session, time, closeness news, pairs correlation...

But my main concern is to establish the market condition, multitimeframe. This can be done in several ways. I try to approach from the wave analysis, and through various levels of S & R, lines of dynamic trend patterns, channels, volume, etc ... In other words, technical analysis, with emphasis on the analysis of the wave (when
possible or be clear).

I said that I do not use indicators to make decisions, but to compare them with the decisions I make, seeking objectivity that humans lose so easily.

So, I use moving averages, and my eye is accustomed to value. The distance between the means, the relationship between them, the inclination of the averages, the relationship between candlesticks and moving averages (all multitimeframe).

The use of moving averages, I may, at a glance, set prior to the market condition.
Also use its discretion to indicators such as RSI or MACD to adopt comparative points of view.

In any case, the indicators will not decide my trading, nor will trigger. But that indicators must approve my decisions based on the analysis.

Speaking of triggers, once the decision is made, if I can take the trade manually, for me, the price action is the ideal trigger.
Well I will get a lot of things in the pipeline. But little by little, they will emerge, post to post.

In short, use the PVSRA, Sonic system, and overall technical analysis. But I have my own interpretation of PVSRA. There, Sonic, price action and wave analysis are the same, and nothing is further from the truth. I separate Price Action of the wave analysis.
Donde hay Patron no manda Marinero
  • #731
  • Edited 4:23pm Nov 5, 2014 3:53pm | Edited 4:23pm
Quoting Patron
Jimmy213, I reiterate my thanks for your input, sure many people will take advantage. I'm not going to take advantage. At the end I will explain why, although I have made ​​some progress in previous posts. I never base my trading decisions on indicators, but rather the reverse, I use an indicator to ratify a prior technical decision. That does not mean that some traders, yes they do successfully, thanks to a lofty capital management. Anyone who knows me knows that I do not believe in any system because the nature of the market is not...
I remind you that this thread is based on Sonic R. System. While it differs from it in that we wanted to be more flexible or less rigid in their interpretation.

I bring everything I can on technical analysis and analysis (simple) wave (my interpretation of PVSRA).
Sam30 makes more emphasis on trading levels and the preparation of a probable plan (as a primary guide).
And so we hope that each should contribute their ideas, as jimmy213 has. And, finally, everyone, take what works best for him.
Donde hay Patron no manda Marinero
  • #732
  • Nov 5, 2014 4:44pm Nov 5, 2014 4:44pm
jimmy213,

You told me that the problem with your system / template is mostly out of the trade.
Technical analysis, or APVSR, helps to solve this problem.
There are many ways to close a trade, depending on the type of trading you are conducting (scalping, swing).

If you, on M15 timeframe, want to rush the wave, will have to wait for signs appear as volume stop, reverse patterns, strong resistance-supports, Fibonacci projections. You can also make partial takeprofits in resistances or supports, and go approaching the stoploss to open trade. You can also count waves of the same degree. Always close before the news, unless your trade is long term, but we do not do but log term scalping or swing.

In short, there are lots of ways and tools to exit a trade.
Donde hay Patron no manda Marinero
  • #733
  • Nov 5, 2014 4:51pm Nov 5, 2014 4:51pm
...And we are very grateful and proud that you post your trades and your analysis, your style, source of learning for all.
Attached Image
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  • #734
  • Edited 5:13pm Nov 5, 2014 5:02pm | Edited 5:13pm
Quoting Patron
{quote} I remind you that this thread is based on Sonic R. System. While it differs from it in that we wanted to be more flexible or less rigid in their interpretation. I bring everything I can on technical analysis and analysis (simple) wave (my interpretation of PVSRA). Sam30 makes more emphasis on trading levels and the preparation of a probable plan (as a primary guide). And so we hope that each should contribute their ideas, as jimmy213 has. And, finally, everyone, take what works best for him.
Its midnight here so I cant read all previous pages but few I red it is a good forum .
Im not a winner trader yet but I made a good progress with advices guys like you told me and my losses been about zero recently ( its a good sign to me because its like price facing a strong resistance as my losses are becoming equal too wins so I predict within few month I might be able to turn it to benefits instead of losses )
combining Sonic R system with technical analysis ... genius ! Its best strategy I have to so far with that using momentum been best combination and I just need a little more self steam to put a little more money so my trades wont need so close sl's
EURUSD : Seems too me we are ready for bulls now however it may go to that trend down there before going up . Reasons :
1- dubble bottom in weekly on strong support area with hi level activity in volumes
2- momentum at lowest level in all time frames ( M30 to weekly )
3- many news ahead ( maybe they use it to heat sl's for longs and triggering shorts first ) usually MMs use it for fastening the market in their favour bt with all momentums down I can see one way ahead and this is my visual of them market :
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People wont learn to post analysis in forums not "I think its down/up!"
  • #735
  • Nov 5, 2014 5:06pm Nov 5, 2014 5:06pm
Quoting wisemadguy
{quote} Its midnight here so I cant read all previous pages but few I red it is a good forum . Im not a winner trader yet but I made a good progress with advices guys like you told me and my losses been about zero recently ( its a good sign to me because its like price facing a strong resistance as my losses are becoming equal too wins so I predict within few month I might be able to turn it to benefits instead of losses ) combining Sonic R system with technical analysis ... genius ! Its best strategy I have to so far with that using...
ps : just now there is a high volume at bottom in M1 ... I say its beginning
People wont learn to post analysis in forums not "I think its down/up!"
  • #736
  • Nov 5, 2014 5:15pm Nov 5, 2014 5:15pm
my prefered szenario on EJ: EXHAUSTION
-price is near hugh resistances - see the murrey math area (7/8) and (8/8)
-price broke the triangle

opinions?
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explanation for murrey math:

1. Line 8/8 и 0/8 (Ultimate Support and Ultimate Resistance).
Those lines are the most strong concerning Support and resistance.

2. Line 7/8 (Weak, Place to Stop and Reverse).
This line is weak. If suddenly the price was going too fast and too far and stops around this line it means the price will reverse down very soon. If the price did not stop near this line this price will continue the movement to the line 8/8.

3. Line 1/8 (Weak, Place to Stop and Reverse).
This line is weak. If suddenly the price was going too fast and too far and stops around this line it means the price will reverse up very soon. If the price did not stop near this line this price will continue the movement down to the line 0/8.

4. Line 2/8 and 6/8 (Pivot, Reverse)
Those two lines yield the line 4/8 only to the strength to reverse the price movement.

5. Line 5/8 (Top of Trading Range)
The price is spending the about 40% of the time on the movement between the lines 5/8 and 3/8. If the price is moving near line 5/8 and stopping near the line during the 10 - 12 days so it means that it is necessary to sell in this "bonus zone" (some people are doing like this) but if the price is keeping the tendency to stay above 5/8 line, so it means that the price will be above. But if the price is droping below 5/8 line it means that the price will continue falling to the next level of resistance.

6. Line 3/8 (Bottom of Trading Range).
If the price is below this line and in uptrend it means that it will be very difficult for the price to break this level. If the price broke this line during the uptrend and staying above during the 10- 12 days it means that the price will be above this line during the 40% of its time moving between this line and 5/8 line.

7. Line 4/8 (Major Support/Resistance Line).
It is the major line concerning support and resistance. This leve is the better for the new sell or buy. It is the strong level of support of the price is above 4/8. It is the fine resistance line if the price is below this 4/8 line.
  • #737
  • Nov 5, 2014 5:23pm Nov 5, 2014 5:23pm
EU: direction unclear in my eyes
-near hugh support (1/8) and (0/8)
-triangle broke in the wrong direction
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  • #738
  • Nov 5, 2014 5:30pm Nov 5, 2014 5:30pm
Quoting wisemadguy
{quote} Its midnight here so I cant read all previous pages but few I red it is a good forum . Im not a winner trader yet but I made a good progress with advices guys like you told me and my losses been about zero recently ( its a good sign to me because its like price facing a strong resistance as my losses are becoming equal too wins so I predict within few month I might be able to turn it to benefits instead of losses ) combining Sonic R system with technical analysis ... genius ! Its best strategy I have to so far with that using...
Using scouts in trading is legitimate, but dangerous. I also use them. But I must confess that I have always had more success, hoping to reverse patterns, or retracements, the trend given.
One question:
In your trades, which have been more beneficial, for trend or against the trend, or scouts?
Thanks for your input.
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Donde hay Patron no manda Marinero
  • #739
  • Nov 5, 2014 5:38pm Nov 5, 2014 5:38pm
Quoting jimmY213
EU: direction unclear in my eyes -near hugh support (1/8) and (0/8) -triangle broke in the wrong direction {image}
It could be a reversal diamond?
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Donde hay Patron no manda Marinero
  • #740
  • Nov 5, 2014 5:46pm Nov 5, 2014 5:46pm
Quoting Patron
{quote} Using scouts in trading is legitimate, but dangerous. I also use them. But I must confess that I have always had more success, hoping to reverse patterns, or retracements, the trend given. One question: In your trades, which have been more beneficial, for trend or against the trend, or scouts? Thanks for your input. {image} {image}
Scouts , because i usually find turning points right , my only weaknesses now are these two : I dont wait first trade to go to green to put next one and second is not yet confident to put more than 50$ in this real account ( for beginner like me thats enough I think ) therefore whenever I put scout I know price will cross it only problem is mms know where my sl's are and with this little account i cant put sl's more far which if I train myself to respect first rule ( wait for green to put next trade ) this will be solved ...
Patron I used to find retrace better too but after learnin Sonic R I find it better to read mms mind trough volume and momentum and and trade like those 5% ( winners ) of Forex . Thats why I call you genius ! because me and you think so much like each other pal
People wont learn to post analysis in forums not "I think its down/up!"
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