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Dynamic Scalp System

  • #1,041
  • Edited 10:30pm Nov 12, 2014 9:54pm | Edited 10:30pm
Quoting sam30
{quote} Congrats....for easy 40 pips (your pending order) I really like the precision entry and target....less draw-down and max-out profit.... Lov It
AUDUSD M5

Yes, everything went well here.
I can not take 40 pips, because there was a pending order and I was sleeping.
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In the beginning..
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  • #1,042
  • Nov 12, 2014 10:02pm Nov 12, 2014 10:02pm
Quoting Patron
{quote} USDJPY M15 I think that it is very probable that we are facing a flat correction. If so, would you seek a reversal for a new bearish wave. In this course, several possible scenarios would arise, I hope we can continue to wave wave. {image}
This conjecture is quite risky, therefore, must be very careful.!!!

This pair is very bullish, and it is easy for my first proposal fails. So, wave to wave to him.

(I'm going to sleep.)
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  • #1,043
  • Nov 12, 2014 10:21pm Nov 12, 2014 10:21pm
USDCAD Weekly

Beware the weekly candles. I say weekly, do not say intraday.
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  • #1,044
  • Nov 12, 2014 11:24pm Nov 12, 2014 11:24pm
Quoting jimmY213
guys you really should watch this thread. this indication can be used as a target. than we just have to find out where the turningpoint is. which can be done really nice with DSS! http://www.forexfactory.com/showthread.php?t=511581
Hi JimmY213 (curiousity about 213 number mean for you... is that your age? LOL (just Joke)).

In Regards, thanks for your valuable input and care about DSS target...i appreciate that.

As learning process, as always i will questioning every input (thesis -synthesis process)...here is my open minded view:
you have several approach to adopt with market relations...you have rainbow system, you have adopt eitan indi, now you have similarity.(which one you use now?), i know every body is free to adobt, clone, fine tuning with his/her personal approach ....

for me, i adopt sonic system with my personal approach(scalp and analysis) to dance with market ...i am really like the simplest system and deadly profit and long term system (so will always adaptive and change to know what new market pattern too)....so i will see and learn by back test in off market first.
Thats why i dont used "Volume indicator" to read the market(what i see all volume/indicators and market hint is ready on chart)...but i will always respect others that used it...its just different in personal approach.

talking about fixed (systematic target/exit) is depend on our own target...is that scalp? (very quick or average scalp), swing, intraday/positioning style? etc...I am agree...entry, manage trade and exit is 3 key factor for our success in trading. In dynamic market...its depend on market too (market condition-we cant push or order the market...he he he)...but i really understand your point.

thanks
While knowledge speak up, the wisdom listen down
  • #1,045
  • Nov 12, 2014 11:37pm Nov 12, 2014 11:37pm
Quoting Patron
{quote} Thanks jimmY213. Just yesterday I started reading "Similarity System", the origin of these EAs (which you refer us) until I realized that the underlying of this thread, is one of the techniques I use for scalping, but I do intuitively and with the MACD. And it works very well. Today, in fact, I've been reminiscing but using the RSI (combined with Cycle Identifier). I should add that the market still reading, through the analysis, and that these techniques only use to ratify my decisions as a trader. That is, these techniques do not use them...
What? you talking about "hole"?

i really like "hole"! .....

what i mean is "hole in one"....just joke. will learn your short review about similarity system(at your convenience time)...that i could not understood what the system talk about (similarity/disimilarity etc etc)...just poor me. I have a bit review from MAM.trader(my best trade is the next trade thread) about this issue...but still dont understand...so left it behind...

thanks
While knowledge speak up, the wisdom listen down
  • #1,046
  • Nov 13, 2014 12:28am Nov 13, 2014 12:28am
Quoting Patron
{quote} This conjecture is quite risky, therefore, must be very careful.!!! This pair is very bullish, and it is easy for my first proposal fails. So, wave to wave to him. (I'm going to sleep.) {image}
UJ H1...comment.

For me,When price "play play" in range movement like this...better to scalp with tight SL or left it...whatever doing untill clear movement ...London or US open might show the real face...

It could Up test 116 level...break and move up.

It could Up break 116 level and fakeout.

It could Down then Up too... (test 115 level)

It could Down ...and break 115 level.

Or ...all the move waiting next USD Red news.?? ( will see it)

See Wave to wave with careful and waiting for killing punch again....

make market screaming.....xo xo xo (just joke)
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While knowledge speak up, the wisdom listen down
  • #1,047
  • Nov 13, 2014 2:06am Nov 13, 2014 2:06am
Quoting sam30
{quote} What? you talking about "hole"? i really like "hole"! ..... what i mean is "hole in one"....just joke. will learn your short review about similarity system(at your convenience time)...that i could not understood what the system talk about (similarity/disimilarity etc etc)...just poor me. I have a bit review from MAM.trader(my best trade is the next trade thread) about this issue...but still dont understand...so left it behind... thanks
What the "hole" is used basically for scalping. If you want to find many opportunities, you have to do it in timeframes M5 and M1. From my point of view, for manual trading, it's exhausting, I did something similar when I was younger. This is the "hole" would be nice to create an EA, and let him do his job, which would win between 2 and 5 pips. It is based on indicators and their points of agreement between timeframes where emerge the "hole" usable. I do not care, today its use. Understanding the market is higher.
Yesterday it was said during the collapse of the euro would not reach the level 1.2440. It was easier, knowing the market condition, pull a trendline, which serve as dynamic resistance, either through knowledge of Elliot or simply the proper use of S & R (yellow area).
Conclusion: The hole is a very good but tiring tool with a high percentage of hits. I remember making up 20 wins consecutive transactions, my way (but the background was the same). Today I make more pips, with less stress.
But look has become fashionable. But unless they get an EA, I do not think that will last too trendy, unless used in higher timeframes with high leverage.
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  • #1,048
  • Edited 2:29am Nov 13, 2014 2:08am | Edited 2:29am
Quoting sam30
{quote} UJ H1...comment. For me,When price "play play" in range movement like this...better to scalp with tight SL or left it...whatever doing untill clear movement ...London or US open might show the real face... It could Up test 116 level...break and move up. It could Up break 116 level and fakeout. It could Down then Up too... (test 115 level) It could Down ...and break 115 level. Or ...all the move waiting next USD Red news.?? ( will see it) See Wave to wave with careful and waiting for killing punch again.... make market screaming.....xo xo...
Agree on everything. What we see is more difficult to prove the 116,000 level, but it can do it.
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  • #1,049
  • Nov 13, 2014 2:30am Nov 13, 2014 2:30am
Quoting Patron
{quote} What the "hole" is used basically for scalping. If you want to find many opportunities, you have to do it in timeframes M5 and M1. From my point of view, for manual trading, it's exhausting, I did something similar when I was younger. This is the "hole" would be nice to create an EA, and let him do his job, which would win between 2 and 5 pips. It is based on indicators and their points of agreement between timeframes where emerge the "hole" usable. I do not care, today its use. Understanding the market is higher. Yesterday it was said during...
Hmmm...now i see it in simple way...whatever the way, system, view about market....in respect on each way, tools, system itself...my conclution is "all ways to Rome"...the tough task is to find our self best way with confident...ad have chemistry with that way/system..(its might be holy grail...)

Then we "buy" T-Shirt that suit with our style...NOT because it be used by Madonna or David Beckham...or somebody else...

just correct me if i am wrong...
While knowledge speak up, the wisdom listen down
  • #1,050
  • Nov 13, 2014 2:31am Nov 13, 2014 2:31am
i really agree with you patron. it is so exhausting. i felt like i read the relativity theory of relativity and discussed with Einstein about that. but the strike rate is like hell. even on M1 and M5. but since i like the M15 i will implement those awesome TP creater indis (see in post) into "our" trading strat. worked well yesterday(screen). even if i had some issues because i was busy while i was doing that thing.

the good thing about the indis is that they are not giving siganls like the EA (you will lose your mind watching the EA on M1). sometimes areas of lines appear, but its ok. maybe think about it. i surely will have both, the system and the indis. i think it solves my TP problem, i mentioned at the beginning.
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Attached File(s)
File Type: mq4 MultiStoch.mq4   4 KB | 266 downloads
File Type: mq4 MultiStochLines.mq4   5 KB | 294 downloads
  • #1,051
  • Nov 13, 2014 2:37am Nov 13, 2014 2:37am
lets come back to trading "our" system.

i really think of exhaustion on GU. triple bottom

and aiming for 1.58400 but placed my tp a bit beyond that.
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  • #1,052
  • Nov 13, 2014 2:44am Nov 13, 2014 2:44am
Quoting jimmY213
i really agree with you patron. it is so exhausting. i felt like i read the relativity theory of relativity and discussed with Einstein about that. but the strike rate is like hell. even on M1 and M5. but since i like the M15 i will implement those awesome TP creater indis (see in post) into "our" trading strat. worked well yesterday(screen). even if i had some issues because i was busy while i was doing that thing. the good thing about the indis is that they are not giving siganls like the EA (you will lose your mind watching the EA on M1). sometimes...
Get more pips than they, with less effort. The good thing is that similarity creates trust and allows for greater leverage.
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  • #1,053
  • Nov 13, 2014 2:49am Nov 13, 2014 2:49am
Quoting jimmY213
i really agree with you patron. it is so exhausting. i felt like i read the relativity theory of relativity and discussed with Einstein about that. but the strike rate is like hell. even on M1 and M5. but since i like the M15 i will implement those awesome TP creater indis (see in post) into "our" trading strat. worked well yesterday(screen). even if i had some issues because i was busy while i was doing that thing. the good thing about the indis is that they are not giving siganls like the EA (you will lose your mind watching the EA on M1). sometimes...
Are indicators or EAs?
Attached Image
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  • #1,054
  • Nov 13, 2014 2:52am Nov 13, 2014 2:52am
Quoting Patron
{quote} Are indicators or EAs? {image}
they are indis.

the first trade by using this mixed up system went well. EU win. GU and AJ open.
  • #1,055
  • Nov 13, 2014 2:53am Nov 13, 2014 2:53am
Quoting jimmY213
lets come back to trading "our" system. i really think of exhaustion on GU. triple bottom and aiming for 1.58400 but placed my tp a bit beyond that. {image}
The amount of the greater tendency fractal does not represent M15 timeframe. It could be a correction only. So act with caution.
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  • #1,056
  • Nov 13, 2014 2:55am Nov 13, 2014 2:55am
Quoting sam30
{quote} Hmmm...now i see it in simple way...whatever the way, system, view about market....in respect on each way, tools, system itself...my conclution is "all ways to Rome"...the tough task is to find our self best way with confident...ad have chemistry with that way/system..(its might be holy grail...) Then we "buy" T-Shirt that suit with our style...NOT because it be used by Madonna or David Beckham...or somebody else... just correct me if i am wrong...
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  • #1,057
  • Nov 13, 2014 3:08am Nov 13, 2014 3:08am
Quoting Patron
USDCAD Weekly Beware the weekly candles. I say weekly, do not say intraday. {image}
Thanks for your caution....
every your post is valuable...

and i waiting for DSS set up...but just play scalp...since too early with next USD news...(might up and down)
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While knowledge speak up, the wisdom listen down
  • #1,058
  • Nov 13, 2014 3:12am Nov 13, 2014 3:12am
When a pair is difficult, it is not clear, etc .., can help to consult correlative pairs. But it's best to leave it and look for another opportunity elsewhere, it look lighter, depending on the style of each.
Attached Image
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  • #1,059
  • Nov 13, 2014 3:14am Nov 13, 2014 3:14am
Quoting sam30
{quote} Thanks for your caution.... every your post is valuable... and i waiting for DSS set up...but just play scalp...since too early with next USD news...(might up and down) {image} {image}
Remember that there is a great distance between the weekly candles and intraday trading. Very good for scalping, while you do not know well the market condition.
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  • #1,060
  • Nov 13, 2014 3:16am Nov 13, 2014 3:16am
Quoting Patron
EURUSD M15 Care probable triangle. {image} {image}
Thats right in every trend of weekly and monthly seems there will be at last another down to that trend and anothers before decide whether its going to continue down or up . Base on trend and resistances I have there will be down to 23270 then its up but as usual after this happen , saying how long and to whee it goes up depends on market .right now I have no clue for market next move so i sit aside and watch market for next big action because now all trends and momentums of mine are nor up or down and seems without a big price movement this mad up and down continues
People wont learn to post analysis in forums not "I think its down/up!"
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