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Dynamic Scalp System

  • #1,281
  • Nov 21, 2014 1:44am Nov 21, 2014 1:44am
GBPJPY

DSS system applied...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy dss.PNG Size: 72 KB
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  • #1,282
  • Nov 21, 2014 1:46am Nov 21, 2014 1:46am
Quoting Patron
GBPJPY DSS system applied... {image}
just a simple breakout to south at the trendline you drew, you don't need a system for that?
  • #1,283
  • Edited 2:11am Nov 21, 2014 1:55am | Edited 2:11am
Quoting openyoureyes
{quote} just a simple breakout to south at the trendline you drew, you don't need a system for that?
openyoureyes,

Greetings and welcome to this thread.

The breakdown is the confirmation, the trigger. The system warned me to find the entry.

Moreover, not all ruptures are good, some are false. But the system and the general knowledge of the market, increasing the odds of hitting.

The system, if you are able to set the market condition is that simple. A break of the trend line, a break of a level (S & R), the price action, etc ... are the triggers.

Everyday opportunities arise.
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  • #1,284
  • Nov 21, 2014 2:02am Nov 21, 2014 2:02am
Quoting Patron
EURJPY System DSS applied... {image}
Care to share what you refer to as system DSS.

Thanks
  • #1,285
  • Nov 21, 2014 2:03am Nov 21, 2014 2:03am
EURUSD M5

System DSS applied...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddss.PNG Size: 69 KB
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  • #1,286
  • Nov 21, 2014 2:08am Nov 21, 2014 2:08am
Quoting NWGstudent
{quote} Care to share what you refer to as system DSS. Thanks
NWGstudent Hello, welcome to the thread.
DSS stands for Dinamyc Scalp System, the name of our thread.
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  • #1,287
  • Nov 21, 2014 2:10am Nov 21, 2014 2:10am
Quoting Patron
{quote} openyoureyes, Greetings and welcome to this thread. The breakdown is the confirmation, the trigger. The system warned me to find the entry. Moreover, not all ruptures are good, some are false. But the system and the general knowledge of the market, increasing the odds of hitting.
thanks for the explanation,
I will take a look at the system on the weekend.

scalp for life.
  • #1,288
  • Nov 21, 2014 2:13am Nov 21, 2014 2:13am
Quoting openyoureyes
{quote} thanks for the explanation, I will take a look at the system on the weekend. scalp for life.
Your contributions are welcome to the thread.
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  • #1,289
  • Edited 4:08am Nov 21, 2014 2:39am | Edited 4:08am
Quoting jimmY213
{quote} closed EA and EJ it with +10 pip enough for me. could you pls explain why you entered EU short? every little detail pls just to learn.

This is the wave that I thought was going to take place yesterday.
The break yesterday was not enough. After a triangle is formed in the western part. Ultimately resulting diamond, which has expelled the price today.
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  • #1,290
  • Nov 21, 2014 2:44am Nov 21, 2014 2:44am
Quoting Patron
{quote} This is the wave that I thought was going to take place yesterday. The break yesterday was not enough. After a triangle is formed in the western part. Ultimately resulting diamond, which has expelled the price today.{image} {image}
Is it possible to argue this move is becouse president Draghi spoke? the price dropped in all EUR pairs at exact time he spoke, most USD pairs reacted alot to.
  • #1,291
  • Nov 21, 2014 2:48am Nov 21, 2014 2:48am
Quoting sam30
{quote} i would be crazy too if not hear the story.....LOL Just a joke note: if your mad and crazy is part of your identity then its will affect much on your trading...ha ha ha {image}
Yes Sam I know how funny you are and how friendly you are to me and and specially how your jokes are funny and lovely so keep up doing that and you will be a great human one day
Edit : joke , ha ha ha
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People wont learn to post analysis in forums not "I think its down/up!"
  • #1,292
  • Nov 21, 2014 3:04am Nov 21, 2014 3:04am
Quoting NWGstudent
{quote} Is it possible to argue this move is becouse president Draghi spoke? the price dropped in all EUR pairs at exact time he spoke, most USD pairs reacted alot to.
Surely that is the reason.
But, I always analyze the chart (multitimeframe), and look what I believe should happen according to my analysis. Then I put a stoploss at the next higher order fractal. If I get benefits before the news, then I close the trade. And if I do not get benefits, then I do not close the trade and wait for the stoploss do, and show me that I was wrong in the analysis.
So I always know how I can lose before open a trade, and I manage the capital accordingly.
This means that I have established a market condition, while the evolution of prices does not prove me wrong. And I act accordingly, doing scalping in that condition.

Thanks for your contribution.
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  • #1,293
  • Nov 21, 2014 3:28am Nov 21, 2014 3:28am
Quoting Patron
{quote} Surely that is the reason. But, I always analyze the chart (multitimeframe), and look what I believe should happen according to my analysis. Then I put a stoploss at the next higher order fractal. If I get benefits before the news, then I close the trade. And if I do not get benefits, then I do not close the trade and wait for the stoploss do, and show me that I was wrong in the analysis. So I always know how I can lose before open a trade, and I manage the capital accordingly. This means that I have established a market condition, while...
Thanks for calrity.

There is always good to carry a good money managment, and always know whats on the table in case of loss, as losses will occur, atleast for me.

But I wouldnt call your entry scalping, for me scalping is about using market behaviour to extract a few pips, but there is nothing wrong with your entry and im here to learn

ill apperciate your analysis
  • #1,294
  • Nov 21, 2014 3:38am Nov 21, 2014 3:38am
Quoting NWGstudent
{quote} Thanks for calrity. There is always good to carry a good money managment, and always know whats on the table in case of loss, as losses will occur, atleast for me. But I wouldnt call your entry scalping, for me scalping is about using market behaviour to extract a few pips, but there is nothing wrong with your entry and im here to learn ill apperciate your analysis
What you mean by scalping is correct, and I do (TF M1), but I rarely public, except in the quiet days.
But scalping may extend the duration of the trade, or even an intraday trade.
When something important happens in the London session, which also is consistent with your analysis, then we can let the trades run by many pips, managing them.
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  • #1,295
  • Edited 7:03am Nov 21, 2014 4:41am | Edited 7:03am
I will remember to visit us when I say "fractal" that I mean the follow:
http://www.forexfactory.com/showthre...52#post7857152
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I do not speak Metatrader indicator, of course.
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And I also want to emphasize that after an initial plan, which is mandatory before trading, this may change depending on market conditions (time, date, news, fractals, etc ..). Like a chess game.

http://www.forexfactory.com/showthre...94#post7865094
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  • #1,296
  • Nov 21, 2014 6:49am Nov 21, 2014 6:49am
Quoting sam30
{quote} and EU next target is...(IF BIG RIVER IS DOWN) {image}
In line with Patron's incredible analysis and the diamond pattern...Big river has decide the flow...

everything has the meaning and reason...despite we have see in different way...we have the same conclusion....

happy week end
While knowledge speak up, the wisdom listen down
  • #1,297
  • Nov 21, 2014 7:18am Nov 21, 2014 7:18am
Quoting sam30
{quote} In line with Patron's incredible analysis and the diamond pattern...Big river has decide the flow... everything has the meaning and reason...despite we have see in different way...we have the same conclusion.... happy week end
"All roads lead to Rome."
Attached Image (click to enlarge)
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  • #1,298
  • Nov 21, 2014 7:32am Nov 21, 2014 7:32am
Quoting NWGstudent
{quote} Thanks for calrity. There is always good to carry a good money managment, and always know whats on the table in case of loss, as losses will occur, atleast for me. But I wouldnt call your entry scalping, for me scalping is about using market behaviour to extract a few pips, but there is nothing wrong with your entry and im here to learn ill apperciate your analysis
Talking about Scalping...and this is not to argue or wasting our time, for me scalp is when we open and close trade for the same day (second, minutes, hours)...

There is DSS scalp based system 5M TF & sometimes its cover by swing as well(posible to hold several days and prefer close at the same week)...BUT we have additional bonus with skillful from Patron on how to use even 1M TF for very quick scalp (honestly i never do that).

So, all in one ...right LOL
Attached Image
While knowledge speak up, the wisdom listen down
  • #1,299
  • Edited 6:30am Nov 23, 2014 2:12am | Edited 6:30am
The USDJPY is an important pair because it exerts much influence on other pairs.
I have drawn a fictitious initial plan to approach it this coming week.
Naturally, this plan is likely to move depending on how the market changes (chess).

In this situation I fit various scenarios. I chose one in which I terminated, the first bearish wave of this correction.
I think the initial goal is to support 117.000.

I also think that now the price is a wave "type B", which are often complex, and it is where it is distributed or accumulated, adopt, often complex shapes (triangles, flags, diamonds, etc ...).
I do not know when and how the price will reach 117000, but I think the chances are very high.
Once the price reaches the support (117,000), I think it would be normal to follow the larger trend. But it could also to follow correction downwards. So there will have to be careful and study well, again, the market.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy plan.PNG Size: 81 KB
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  • #1,300
  • Nov 23, 2014 2:20am Nov 23, 2014 2:20am
Quoting Patron
The USDJPY is an important pair because it exerts much influence on other pairs. I have drawn a fictitious initial plan to approach it this coming week. Naturally, this plan is likely to move depending on how the market changes (chess). In this situation I fit various scenarios. I chose one in which I terminated, the first bearish wave of this correction. I think the initial goal is to support 117.000. I also think that now the price is a wave "type B", which are often complex, and it is where it is distributed or accumulated, adopt, often complex...
Is it useful to do this type of exercise, plan?
Yes, because although he is not satisfied (we are not soothsayers), gives you a very useful guide, with easy access to other scenarios, if the market moves different.
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