Dynamic Scalp System | Page 38 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Scalp, scalp, scalp 5,689 replies

Dashlat Scalp System 364 replies

Dynamic TakeProfit & Dynamic StopLoss EA/AI/Algorithm 0 replies

To scalp or not to scalp? (Images included) 18 replies

Rsi+,o,emtum+stoch All Time Frame Scalp System 1 reply

Attachments: Dynamic Scalp System
Exit Attachments

Dynamic Scalp System

  • #741
  • Edited 5:59pm Nov 5, 2014 5:46pm | Edited 5:59pm
Quoting jimmY213
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? {image} 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...
Thank you for instruct on levels of Murray.

EURJPY M15
I have never used Murray levels. But you will tell us if they are reliable.
I see a triangle and an upward trend. My position here is to wait until the triangle is resolved, or scalping M1, if range enough.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ M15.PNG Size: 101 KB
Donde hay Patron no manda Marinero
  • #742
  • Nov 5, 2014 5:47pm Nov 5, 2014 5:47pm
Quoting Patron
{quote} It could be a reversal diamond? {image}
I bet my acc it is
People wont learn to post analysis in forums not "I think its down/up!"
  • #743
  • Nov 5, 2014 5:56pm Nov 5, 2014 5:56pm
Quoting wisemadguy
{quote} 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 have nothing to genius. Less than 12 years experience, thousands of hours of solitary work, genius is called.
So lonely, that a few months ago I discovered FF, and what was a boring job and now encourages me to share. I do not I stay asleep in front of the screen.
Also, write post and want to make me understand, in a language that is not mine, it keeps me very active and needed.
Donde hay Patron no manda Marinero
  • #744
  • Nov 5, 2014 6:06pm Nov 5, 2014 6:06pm
Here we go for up :
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 36 KB
People wont learn to post analysis in forums not "I think its down/up!"
  • #745
  • Nov 5, 2014 6:15pm Nov 5, 2014 6:15pm
Quoting Patron
{quote} I have nothing to genius. Less than 12 years experience, thousands of hours of solitary work, genius is called. So lonely, that a few months ago I discovered FF, and what was a boring job and now encourages me to share. I do not I stay asleep in front of the screen. Also, write post and want to make me understand, in a language that is not mine, it keeps me very active and needed.
You and all people here mostly have reasons like you to come here and share : learning more - feeling other people care for their opinion ( for good ones like you of course we do ) - teaching others who were once like the teacher years ago - hoping to earn good money and work for themselves - and common thing is having so much time to type and that means they dont have people around to spend time with though its not necessarily bad , not all people around worth spending time for
But ! I know this : if you have big money all of these will be solved one with hundred thousands of dollars will not be lonely and will not spent much time in monitor
People wont learn to post analysis in forums not "I think its down/up!"
  • #746
  • Nov 5, 2014 6:15pm Nov 5, 2014 6:15pm
Quoting wisemadguy
Here we go for up : {image}
EURUSD M5

I'm long too. But I will close, if all goes well, about 1.25000.
We are in the Asian session, and the trend is bearish higher level.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd m5 DIAMON.PNG Size: 106 KB
Donde hay Patron no manda Marinero
  • #747
  • Nov 5, 2014 6:26pm Nov 5, 2014 6:26pm
Quoting Patron
{quote} EURUSD M5 I'm long too. But I will close, if all goes well, about 1.25000. We are in the Asian session, and the trend is bearish higher level. {image}
ok look in H4 : If it goes for 1.25 it will be a W right ? and both downs have high activity so its technically possible to go more . so put your tp upper but when it reachs your 1.25 put trailing stop like 250 for your positions . How about that ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 36 KB
People wont learn to post analysis in forums not "I think its down/up!"
  • #748
  • Edited 7:12pm Nov 5, 2014 6:38pm | Edited 7:12pm
Quoting wisemadguy
{quote} ok look in H4 : If it goes for 1.25 it will be a W right ? and both downs have high activity so its technically possible to go more . so put your tp upper but when it reachs your 1.25 put trailing stop like 250 for your positions . How about that ? {image}
It seems a good idea. But if we talk about trading styles, what I do best is scalping. And once I have clear market condition, I'm in and out in small operations.
This is not to say that one thing is better than another, but different styles for the same purpose. As I said in a previous post: "All roads lead to Rome". And one must walk where you are most comfortable, or would like more.
And one of the purposes of this thread, precisely, is to see how the styles work, and learn from each other.
Thanks for your suggestion. It's very good, and bring her out with some of my lots.

But, I just shut down, some of my lots.
Always making scalping. I can not avoid it.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd scalp.PNG Size: 102 KB
Donde hay Patron no manda Marinero
  • #749
  • Nov 5, 2014 6:47pm Nov 5, 2014 6:47pm
Quoting Patron
{quote} It seems a good idea. But if we talk about trading styles, what I do best is scalping. And once I have clear market condition, I'm in and out in small operations. This is not to say that one thing is better than another, but different styles for the same purpose. As I said in a previous post: "All roads lead to Rome". And one must walk where you are most comfortable, or would like more. And one of the purposes of this thread, precisely, is to see how the styles work, and learn from each other. Thanks for your suggestion. It's very good,...
Now, I've opened another long, rebounding advantage, which, if all goes well, doubled the pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd scalp2.PNG Size: 104 KB
Donde hay Patron no manda Marinero
  • #750
  • Nov 5, 2014 6:55pm Nov 5, 2014 6:55pm
Quoting wisemadguy
{quote} You and all people here mostly have reasons like you to come here and share : learning more - feeling other people care for their opinion ( for good ones like you of course we do ) - teaching others who were once like the teacher years ago - hoping to earn good money and work for themselves - and common thing is having so much time to type and that means they dont have people around to spend time with though its not necessarily bad , not all people around worth spending time for But ! I know this : if you have big money all of these will...
When I say alone, I mean, during the work. This work is very solitary. I spent three years working and doing trading. Then, I was the sole trading.
My loneliness is not familiar. I have four children.
Donde hay Patron no manda Marinero
  • #751
  • Nov 5, 2014 7:48pm Nov 5, 2014 7:48pm
Quoting Patron
{quote} When I say alone, I mean, during the work. This work is very solitary. I spent three years working and doing trading. Then, I was the sole trading. My loneliness is not familiar. I have four children.
I have 4 children too - 2 girls 2 boys. As for me, next year I'll be 55 years old, so trading forex is what I'm looking forward too. Had lost nearly USD3000+ but still learning to trade........ Hoping for the best.....
  • #752
  • Nov 5, 2014 7:50pm Nov 5, 2014 7:50pm
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...
Jimmy,
Here is my review about your system...to compare with DSS (not to show who is better...but the different way and then choice).
Based your system ...i am not seeing the importance of Gann stuff (no needed)...its have covered by your MA(slope MA) to find the trend &buy/Sell signal...the signal is strengthened by RSI to take decision more confident...and your arrow is not needed too...for me to many same indi pointed same result(gann, arrow and MA is same function) the RSI is for confirmation ...then ok but may be distract with PA (If you left PA analysis and rely on RSI could be trap too)...

And at first glance, i see (may be i am wrong) you are too rely on indi based system just like "red sell and green or blue buy system"...and how do you analysis the market based your system or tools...
i know you use murray math to find S/R (oversold/overbought or range market when murray @ middle level but for me you used other S/R tools too and then too many horizontal line...i am will not limited the market move by horizontal line.

That is what i see about your system now...any open minded talk is welcome , Jim..

And here is an example on AU case(same TF with yours) ...how DSS cover the decision entry signal in simple way and for me its very powerfull...and easy for my eye to dance with market...as you see i am not using too much indi...just EMA for trend and S/R for entry and exit with covered by swing analysis to support scalp with same stuff @ higher TF
As my intention is to make the system as simple as possible with more killing impact.
about exit for DSS yes it no fixed rules if it the weakness...its still in my intention to improve..

Note : you can check along the analysis about AU in pages #34 especially post #665,#668 and #686.

Thanks and lets pictures speak its meaning....
Attached Image (click to enlarge)
Click to Enlarge Name: AU DSS.png Size: 28 KB
Attached Image
While knowledge speak up, the wisdom listen down
  • #753
  • Edited 8:19pm Nov 5, 2014 7:59pm | Edited 8:19pm
Quoting jimisan
{quote} I have 4 children too - 2 girls 2 boys. As for me, next year I'll be 55 years old, so trading forex is what I'm looking forward too. Had lost nearly USD3000+ but still learning to trade........ Hoping for the best.....
I have three sons and a daughter.
During the learning phase, you have NOT to put some money at risk, because it is easy, but we (emotions) are not so easy.
Do not hesitate to ask questions. As far as I know, I will answer.
I wish you all the best.
Donde hay Patron no manda Marinero
  • #754
  • Nov 5, 2014 8:08pm Nov 5, 2014 8:08pm
Quoting Patron
{quote} I have three sons and a daughter. During the learning phase, you have to put some money at risk, because it is easy, but we (emotions) are not so easy. Do not hesitate to ask questions. As far as I know, I will answer. I wish you all the best.
How old are they? Mine 2 daughters already 25/23 - one married already. Son - 1 currently taking his diploma course and the youngest one is still in secondary school.

I think this thread is very interesting. As per the questionaire.....don't worry, I'll not hesitate to ask......
  • #755
  • Nov 5, 2014 8:17pm Nov 5, 2014 8:17pm
EURUSD M5
Once the market condition is established. My favorite style is scalping, because in a space of 10 to 15 pips, 40 pips can hunt, as is the case in this instance ...
I'm going to sleep. Regards and good trading.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd m5 scalped.PNG Size: 120 KB
Donde hay Patron no manda Marinero
  • #756
  • Nov 5, 2014 8:30pm Nov 5, 2014 8:30pm
USDJPY M1 scalped

I forgot. Just close usdjpy. It is a countertrend trade based on Fibonacci projections and volume changes. Therefore entails risk. And should not this kind of trades who does not have experience. It is always best to wait patiently for a trade trend.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY M1 SCALPED.PNG Size: 101 KB
Donde hay Patron no manda Marinero
  • #757
  • Nov 5, 2014 8:31pm Nov 5, 2014 8:31pm
When I first started my trading, I was glued to my monitor day and night.......Fearing to miss a good trade......Unfortunately until today, I'm still not a good trader yet. I'm not like yesterday anymore. Kinda of smarter but still not smart enough........gaining a few days but loss back to the market again.

I guess the best time to trade is London and New York opening. Asian session is rather slow.

Patron, goodnight and sleep well......
  • #758
  • Edited 1:40am Nov 6, 2014 1:16am | Edited 1:40am
GBPJPY sell stop
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy sell stop.PNG Size: 101 KB
Donde hay Patron no manda Marinero
  • #759
  • Nov 6, 2014 2:22am Nov 6, 2014 2:22am
Quoting sam30
{quote} 114 break is easy...next 117 will not easy so fake out around 115 level in play...will see price there and plan to short.... to cover the trapped short when market want to play dance with me...so lets dance note: actually i regret with my trapped short but the best way now is to hedge cover from loss...and follow the real game.
Well...well,

I like when the game play as expected....even when i have trapped short ...not make me short blindly....

At least i see weakness there...more easy to handle now....

with the market now......
While knowledge speak up, the wisdom listen down
  • #760
  • Edited 2:50am Nov 6, 2014 2:30am | Edited 2:50am
Quoting sam30
{quote} Jimmy, Here is my review about your system...to compare with DSS (not to show who is better...but the different way and then choice). Based your system ...i am not seeing the importance of Gann stuff (no needed)...its have covered by your MA(slope MA) to find the trend &buy/Sell signal...the signal is strengthened by RSI to take decision more confident...and your arrow is not needed too...for me to many same indi pointed same result(gann, arrow and MA is same function) the RSI is for confirmation ...then ok but may be distract with PA (If...
i really am the guys who likes systems like all indis red = sell all indis green = buy. but i want to learn about analyzing. so can u give us some explanation, why you would have sold and why you would have bought at the the marked areas in your example. just because the price broke a resistance?

as i said before its based on MAs, RSI and a S/R indi nothing more. it just looks a bit different. like patron said. the arrows are not really necessary. i will delete the arrows to not complicate things.
3 traders viewing now