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Dynamic Scalp System

  • #1,361
  • Nov 26, 2014 2:36am Nov 26, 2014 2:36am
do you have any good book for price action or for paterns? i think this move up was FAKE and eu go down today
  • #1,362
  • Nov 26, 2014 2:37am Nov 26, 2014 2:37am
Quoting Patron
EURUSD M5 Long closed, Scalping in favor of the trend. {image}
May be we can reach 1.2525 patron?
  • #1,363
  • Nov 26, 2014 2:44am Nov 26, 2014 2:44am
EURJPY

Scalped by Price Action
Attached Image (click to enlarge)
Click to Enlarge Name: ej22lo.PNG Size: 85 KB
Donde hay Patron no manda Marinero
  • #1,364
  • Nov 26, 2014 2:49am Nov 26, 2014 2:49am
Quoting Alucard X
{quote} May be we can reach 1.2525 patron?
Could be. But I think that should not be long EURUSD since. Let's wait. Perhaps, looking for short.
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  • #1,365
  • Nov 26, 2014 2:57am Nov 26, 2014 2:57am
Quoting Jofox
do you have any good book for price action or for paterns? i think this move up was FAKE and eu go down today
If it is likely that EURUSD go south. But we have to wait for the confirnación.

For years no longer use books (PDF). But just in http://www.babypips.com, or any other website you like, you will find all the basics. The rest is practice, practice, practice.
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  • #1,366
  • Nov 26, 2014 3:06am Nov 26, 2014 3:06am
Many times, such as fast waves (as just happened with EURUSD and EURJPY), following a trend, in the end, are often precisely the final wave (not always, in general).
It is a search for liquidity to change direction (not always, in general).
Then I close my quick trade, if I suspect that is a last wave (I can be wrong, but scalping is).
After looking a pattern of reverse ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU FINAL.PNG Size: 79 KB
Click to Enlarge Name: EJ FINAL.PNG Size: 67 KB
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  • #1,367
  • Nov 26, 2014 4:01am Nov 26, 2014 4:01am
Quoting sam30
UJ comment..... typical wait and see players of market....ranging...if there is no action so no reaction... tomorrow asia session give more clue on that.... Until now...NO short power to push it lower
UJ comment (again)

Based level analysis...
117.50 area hold as support (temporary)...one it break...will see down there....114/115 level.

But...seem market want to move up first (just my 2cent tough) 118.40 area is interesting place for fakeout or break up as well...

Careful with today Red news in upcoming hour....

Note: you can use this as "shit" or "golden hint".....
Attached Image (click to enlarge)
Click to Enlarge Name: UJ FF.png Size: 105 KB
While knowledge speak up, the wisdom listen down
  • #1,368
  • Nov 26, 2014 6:37am Nov 26, 2014 6:37am
Quoting sam30
{quote} UJ comment (again) Based level analysis... 117.50 area hold as support (temporary)...one it break...will see down there....114/115 level. But...seem market want to move up first (just my 2cent tough) 118.40 area is interesting place for fakeout or break up as well... Careful with today Red news in upcoming hour.... Note: you can use this as "shit" or "golden hint"..... {image}

Golden hint, I prefer...

I think that probabilities of more retracement are here.
We'll see what we bring news.
I already have a short that opened a SELL STOP, but also have a stoploss. We will see.
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  • #1,369
  • Nov 26, 2014 7:54am Nov 26, 2014 7:54am
USDJPY

How she longed dissolve that SELL STOP!
Attached Image (click to enlarge)
Click to Enlarge Name: ujpeq.PNG Size: 99 KB
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  • #1,370
  • Nov 26, 2014 8:28am Nov 26, 2014 8:28am
GBPJPY
GBPUSD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj+m.PNG Size: 93 KB
Click to Enlarge Name: gu +50.PNG Size: 73 KB
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  • #1,371
  • Nov 26, 2014 8:29am Nov 26, 2014 8:29am
EURUSD
EURJPY

I should close long before EURUSD. I excuse that had many open fronts etc ... But that does not count here. I made a mistake, period.

I should take profits in EURJPY, but blablabla (string of excuses) made a mistake too.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu -25.PNG Size: 79 KB
Click to Enlarge Name: ej-9.PNG Size: 93 KB
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  • #1,372
  • Nov 26, 2014 8:43am Nov 26, 2014 8:43am
Quoting Patron
EURUSD EURJPY I should close long before EURUSD. I excuse that had many open fronts etc ... But that does not count here. I made a mistake, period. I should take profits in EURJPY, but blablabla (string of excuses) made a mistake too. {image} {image}
You have did well...turning unexpected ...and close at profit

It is need tough emotion....
While knowledge speak up, the wisdom listen down
  • #1,373
  • Nov 26, 2014 9:06am Nov 26, 2014 9:06am
EU indicating bulls...on H1
Attached Image (click to enlarge)
Click to Enlarge Name: EURO.png Size: 31 KB
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  • #1,374
  • Nov 26, 2014 9:09am Nov 26, 2014 9:09am
thank at all, I have a question for Patron:... in your set up you put 3 different MA's..... do you this set up only on the TF 5 min or it is good also for the 15 min or more...


Have a nice day
  • #1,375
  • Nov 26, 2014 9:18am Nov 26, 2014 9:18am
The problems I have had with the EURO has been psychological and technical.
I was convinced, since last Friday, only fit down the euro and final wave.
And I went back to analyze the pair, deeply.

We are facing a major correction is not over yet.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu d.PNG Size: 76 KB
Click to Enlarge Name: eurusd h4.PNG Size: 93 KB
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  • #1,376
  • Edited 9:36am Nov 26, 2014 9:22am | Edited 9:36am
Quoting liberty55
thank at all, I have a question for Patron:... in your set up you put 3 different MA's..... do you this set up only on the TF 5 min or it is good also for the 15 min or more... Have a nice day
For me, is good for all.
For intraday the better timeframes are M5, M15.
For scalping M1, the better is EMA233.

Ema233 is universal. Look (up there) how it works in all timeframes. Always an important point.

Also when all gather Emas, being very close to each other, we must also pay close attention to the market.
The emas give many clues, if you train your eye well.

You could create a very simple system with only the 233 ema and Price Action, and S & R levels.
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  • #1,377
  • Nov 26, 2014 9:30am Nov 26, 2014 9:30am
Quoting Patron
The problems I have had with the EURO has been psychological and technical. I was convinced, since last Friday, only fit down the euro and final wave. And I went back to analyze the pair, deeply. We are facing a major correction is not over yet. {image} {image}
I am not trade anything except UJ only right now...just for my first taste using new experimental (RSIOMA indi)...EURO set up for DSS is interesting for me....inline with your view.
Attached Image (click to enlarge)
Click to Enlarge Name: EUDSS setup.png Size: 33 KB
While knowledge speak up, the wisdom listen down
  • #1,378
  • Nov 26, 2014 9:35am Nov 26, 2014 9:35am
Thank Patron. I used aften the 15 min TF ( less noise) and i take fir==or the entry the last fractal ( high or low) or the high or low of the previous day.

with this forum, I added the most signifiant resistance and support derived from the 1hr tF , is it correct??

For to scalp on !min tf , I suppose you buy when the market is higher than the 233MA, sell in lower Ma


Jean-Pierre
  • #1,379
  • Edited 10:16am Nov 26, 2014 9:44am | Edited 10:16am
Quoting sam30
{quote} I am not trade anything except UJ only right now...just for my first taste using new experimental (RSIOMA indi)...EURO set up for DSS is interesting for me....inline with your view. {image}
Yes I know the RSIOMA indicator is a derivative of RSI. But I have the RSI used to the eye, but do not use it to trade, but to compare it with the price, and objectify my decisions.
The RSIOMA is part of a system based on indicators. Do not remember which now. I always say that if it works, it's great.

If I remember correctly RSIOMA is the result of a moving average on the RSI, which makes smoother indicator. But I prefer to see all accidents RSI, and compare them with the prices accident.
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  • #1,380
  • Nov 26, 2014 9:53am Nov 26, 2014 9:53am
Quoting liberty55
Thank Patron. I used aften the 15 min TF ( less noise) and i take fir==or the entry the last fractal ( high or low) or the high or low of the previous day. with this forum, I added the most signifiant resistance and support derived from the 1hr tF , is it correct?? For to scalp on !min tf , I suppose you buy when the market is higher than the 233MA, sell in lower Ma Jean-Pierre
Seeking the S & R in areas that I consider a change of fractal than lower order, and vice versa. The timeframes are associated with fractals, so in H1'll see higher-order fractals are more important than the fractals that can capture in TF M1.

Ema 233 at M1, does not involve trade, but finding a trade for ema233, with permission from TF superiors.
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