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"Scalping" in 1 day charts

  • #561
  • Nov 19, 2014 3:36pm Nov 19, 2014 3:36pm
eur/ cad ?
  • #562
  • Nov 19, 2014 3:58pm Nov 19, 2014 3:58pm
Quoting henn9
eur/ cad ?
Until the price is between this Suport and Resistance i don touch it. Max reversal trade with PA.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR CAD.jpg Size: 502 KB
  • #563
  • Nov 19, 2014 9:02pm Nov 19, 2014 9:02pm
Quoting dansmol
{quote} Dear cfabian I hesitated a little to post because there are people hwo are posting only to critic other people ,instead to post somethig constructiv and helpfull(see post of monaghan and popko ) But what a hell,I will answer your post, anyway. I close all the trades on demo. Now i'll tell you how I take my trades ( see the 2 pictures) 1-I look to currency strenght meter ,to see the pair with most chances to move 2-Chart D1-I look to direction of the candle 3-I look to ultra trend to be same color with candle 4- Candle must cross the TL 5-I...
Hello Dansmol,
Just wondering how are you doing with your 10 days trading live your approach? Any feedback will be verymuch appreciated.

How do you exactly enter your trades? Do you go any smaller TF to get enter after a retrace?

How bad is drawdown so far?

Best
  • #564
  • Nov 19, 2014 9:49pm Nov 19, 2014 9:49pm
Quoting cfabian
{quote} Mikeh, The issue with 200 EMA is that it is a lagging indicator, besides, in a 1D TF it may take months or years to cross over. So, what do you do to make faster decisions, or add entries, without having to wait so much time? Can you give us your input, and some screens if possible? You mean you are only trading 4H? Best regards
Yes, I trade 4 hr charts only. What are you talking about takes years to cross? I don't trade a cross. I trade tnavi's original system posted on page 1 only I take long trades if price is trending above the 200EMA. Opposite for shorts. it's quite effective. Nothing is lagging about it.
  • #565
  • Nov 19, 2014 10:11pm Nov 19, 2014 10:11pm
Quoting mikeh3855
{quote} Yes, I trade 4 hr charts only. What are you talking about takes years to cross? I don't trade a cross. I trade tnavi's original system posted on page 1 only I take long trades if price is trending above the 200EMA. Opposite for shorts. it's quite effective. Nothing is lagging about it.
hi mike, what is your setting on 200EMA? for close?
  • #566
  • Nov 19, 2014 10:31pm Nov 19, 2014 10:31pm
Quoting mikeh3855
{quote} Yes, I trade 4 hr charts only. What are you talking about takes years to cross? I don't trade a cross. I trade tnavi's original system posted on page 1 only I take long trades if price is trending above the 200EMA. Opposite for shorts. it's quite effective. Nothing is lagging about it.
Ok, I get what you're saying.
Now, you also use heiken ashi? And the nihilist?

Any consideration when 200 EMA is flatten out, or slope opposite to the direction you "should" trade?

Have you guys heard and tried the stochs RSI indicator? Seems so powerful, but haven't found one for MT4. I saw that indicator in a trading course, but they were using other platform.
  • #567
  • Nov 20, 2014 2:35am Nov 20, 2014 2:35am
Quoting forexdave1
Ultratrend is not consistant for me due to the repaint. I agree we need a better filter.
Hi

Obviously the current bar will repaint as the price changes but does Ultratrend repaint further back than than just the current bar?

Thanks
  • #568
  • Nov 20, 2014 6:15am Nov 20, 2014 6:15am
Quoting Mr.Ma
{quote} Iam with you on this one!! Entered now on the 3rd bullish bar on the UT. Think it will go up today and then we get the confirmation from the HG indicator. Maybe the US news later on will push the EUR/USD into the green Zone For now the trade is cruising arround -15 Pips First target at least 100 Pips, second 200. {image} Plus the Trend Indicator turned green and gave a H4 Signal this morning !!! {image}
good post you got ,please how do i get the indicator showing comfirmation colors
  • #569
  • Nov 20, 2014 8:02am Nov 20, 2014 8:02am
For me, I waited for the Holy Grail indicator to give me the confirmation with an additional buy signal. But this didn't happen.

At the moment I keep an eye on USD/CAD...
getting tight in a triangle, so there must be a signal soon

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-11-20_1459.png Size: 29 KB
  • #570
  • Nov 20, 2014 9:00am Nov 20, 2014 9:00am
Quoting Mr.Ma
For me, I waited for the Holy Grail indicator to give me the confirmation with an additional buy signal. But this didn't happen. At the moment I keep an eye on USD/CAD... getting tight in a triangle, so there must be a signal soon {image}
Will you trade any of the 2 breakouts? Or actually you'll wait for a nihilist indication after the breakout?
  • #571
  • Nov 20, 2014 11:36am Nov 20, 2014 11:36am
Quoting cfabian
{quote} Will you trade any of the 2 breakouts? Or actually you'll wait for a nihilist indication after the breakout?
If there is a long breakout I will take it straight away, because it is in line with the "bigger trend".
If it goes short, I will take it as well, I think. But in this case we have to keep in mind that it might be a "scalp" on the daily timeframe.
  • #572
  • Nov 20, 2014 12:44pm Nov 20, 2014 12:44pm
Quoting Mr.Ma
{quote} Thanks forexday, I trade in line with the colors! Red color means sell and green means buy... Also I use the basic strategy tnavy presented us here in the thread. just combine it and we all make some money BTW I closed my two trades for a profit of 430 Pips together
Thank you Mr.Ma.
Great pips
  • #573
  • Nov 20, 2014 12:47pm Nov 20, 2014 12:47pm
Quoting tnavi
hi forexday, how i said before, i have time to trade with my other scalping (5 min ) method. im trying to filter the entries into 1 day chart with only 2 emas (34 and 144) and nihilist holy grail indicator. but, im playing only. i need a lot of time to make a good test. thanks!
Thank you tnavi..
Happy trading
  • #574
  • Nov 21, 2014 4:22am Nov 21, 2014 4:22am
Quoting Mr.Ma
For me, I waited for the Holy Grail indicator to give me the confirmation with an additional buy signal. But this didn't happen. At the moment I keep an eye on USD/CAD... getting tight in a triangle, so there must be a signal soon {image}


I think USD CAD will continue UP trend as per the symmetrical triangle rules.
Good Luck
  • #575
  • Nov 21, 2014 4:25am Nov 21, 2014 4:25am
EU50 stock is giving signal UP as Tnavi strategy
Attached Image (click to enlarge)
Click to Enlarge Name: EUX50-DEC14Daily.png Size: 45 KB
  • #576
  • Nov 21, 2014 9:23am Nov 21, 2014 9:23am
Quoting tnavi
{quote} no men. {image} I bet u a cold and good quality beer that the price is going to use the last support to push towards the top. take the SL that i draw into the new image and make millions! SL=72 pips and TP is +400 pips (0.89500) bet 0.001 lot into this trade in ur real account trust me, men.
Looks now you have right, i trust you i bought when you said

Thank you!
  • #577
  • Nov 21, 2014 1:13pm Nov 21, 2014 1:13pm
Just closed a quick scalp on the GBPCHF...
Just a simple trendline break without any signal confirmation from the indicators...
Ended in a 133 pip gain

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-11-21_2011.png Size: 33 KB
  • #578
  • Nov 21, 2014 2:11pm Nov 21, 2014 2:11pm
Quoting Mr.Ma
Just closed a quick scalp on the GBPCHF... Just a simple trendline break without any signal confirmation from the indicators... Ended in a 133 pip gain {image}

Where is your SL? At previous extreme?
  • #579
  • Nov 21, 2014 3:14pm Nov 21, 2014 3:14pm
gbpchf......4 hour entry:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFH4 analysis.png Size: 51 KB
  • #580
  • Nov 21, 2014 4:09pm Nov 21, 2014 4:09pm
Quoting cfabian
{quote} Where is your SL? At previous extreme?
It was at the last swing low at 1.4936
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