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Dynamic Scalp System

  • #1,561
  • Dec 3, 2014 12:41am Dec 3, 2014 12:41am
Quoting greenline
{quote} OK ! I began a EURUSD short last night. All 4 positions are still open and profits are locked with a SL. Notes: My trading is very erratic because I work during the day. I can only access my trades for a few minutes at random times, so I always loose profit because I miss the best entry times. I don't use Take Profit, because I don't know when to take profit!!!! instead, I manually trail the SL to lock-in near to SR levels. I am new here, and am still learning everything, including this system. Please tell me what I can do better next time....
Wall of fame....
and its just the beginning my friend....
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File Type: docx wall of fame.docx   84 KB | 288 downloads
While knowledge speak up, the wisdom listen down
  • #1,562
  • Dec 3, 2014 12:44am Dec 3, 2014 12:44am
GBPJPPY M15

Support and trendline break.
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  • #1,563
  • Dec 3, 2014 12:56am Dec 3, 2014 12:56am
UJ comment ...

based daily candle and firm above 119 level....said more move up

market might just playing with the news in upcoming hours
While knowledge speak up, the wisdom listen down
  • #1,564
  • Dec 3, 2014 12:57am Dec 3, 2014 12:57am
Quoting sam30
{quote} Wall of fame.... and its just the beginning my friend.... {file}
Very good idea. It is right and praiseworthy.
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  • #1,565
  • Dec 3, 2014 1:04am Dec 3, 2014 1:04am
Good Morning guys!
  • #1,566
  • Edited 1:22am Dec 3, 2014 1:07am | Edited 1:22am
Quoting sam30
UJ comment ... based daily candle and firm above 119 level....said more move up market might just playing with the news in upcoming hours
USDJPY
I've posted a SELL STOP to 15 or 20 pips, if still correcting a bit. But I will not take my eyes off. Stoploss, as tight as I can.
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  • #1,567
  • Dec 3, 2014 1:10am Dec 3, 2014 1:10am
Quoting Alucard X
Good Morning guys!
Güenasss, chavá...

Morning AlucardX.
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  • #1,568
  • Edited 1:46am Dec 3, 2014 1:13am | Edited 1:46am
Quoting sam30
{quote} Wall of fame.... and its just the beginning my friend.... {file}
Wall of fame, PDF, also.
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File Type: pdf Wall of fame.pdf   59 KB | 360 downloads
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  • #1,569
  • Dec 3, 2014 1:30am Dec 3, 2014 1:30am
Quoting Patron
{quote} Wall of fame, PDF, also. {image}
Hey! That was a great trade greenline, congrats!
  • #1,570
  • Edited 2:34am Dec 3, 2014 2:24am | Edited 2:34am
EURUSD H4

New low
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  • #1,571
  • Dec 3, 2014 2:51am Dec 3, 2014 2:51am
EURJPY
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  • #1,572
  • Dec 3, 2014 3:29am Dec 3, 2014 3:29am
Quoting Patron
EURJPY {image}

Cool trade!
  • #1,573
  • Dec 3, 2014 3:39am Dec 3, 2014 3:39am
Quoting Alucard X
{quote} Cool trade!
Posible re-entry. Will see.
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  • #1,574
  • Dec 3, 2014 4:08am Dec 3, 2014 4:08am
Take a look to EUR USD M1
  • #1,575
  • Dec 3, 2014 4:28am Dec 3, 2014 4:28am
Quoting Alucard X
Take a look to EUR USD M1
EURUSD M1

Looks like a wave 4 in this grade, drawing a triangle. While the price continues below EMA233 (M1), I seek no retracement.
Attached Image (click to enlarge)
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  • #1,576
  • Dec 3, 2014 4:44am Dec 3, 2014 4:44am
Quoting Patron
{quote} EURUSD M1 Looks like a wave 4 in this grade, drawing a triangle. While the price continues below EMA233 (M1), I seek no retracement. {image}
I scalped long that 3rd divergence when i saw that stop volume at low, may be risky without stop loss, very profitable with small stop loss just at the same low.
  • #1,577
  • Dec 3, 2014 4:48am Dec 3, 2014 4:48am
Quoting Patron
{quote} EURUSD M1 Looks like a wave 4 in this grade, drawing a triangle. While the price continues below EMA233 (M1), I seek no retracement. {image}
Looks set to go down to 1.23000, or nearby.
Attached Image (click to enlarge)
Click to Enlarge Name: 123eu.PNG Size: 98 KB
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  • #1,578
  • Dec 3, 2014 5:06am Dec 3, 2014 5:06am
Quoting Patron
{quote} Looks set to go down to 1.23000, or nearby. {image}
ADP Non-Farm Employment Change in 2 hours
  • #1,579
  • Dec 3, 2014 5:09am Dec 3, 2014 5:09am
Quoting Alucard X
{quote} I scalped long that 3rd divergence when i saw that stop volume at low, may be risky without stop loss, very profitable with small stop loss just at the same low.
We should not do trading the indicators. Indicators should confirm Price Action, or anticipate falling momentum, closing positions. But never are the trigger.
Where are the moving averages?
The trend is very strong. It is normal that when a correction occurs see divergences.
Then you should evaluate whether it is worth going against the trend, according to the space that will fix.
A M5, usually not worth going into a correction against the trend. Better to take advantage of the reverse to get the trend for a better price.
Theoretically, this should ideally take short, at the top of the triangle, or wait out the triangle.

No debemos de hacer trading con los indicadores. Los indicadores deben confirmar Price Action, o anticiparnos caídas de momentum, cierre de posiciones. Pero nunca son el gatillo.
¿Dónde están las medias móviles?
La tendencia es muy fuerte. Es normal que cuando ocurre una corrección veas divergencias.
Entonces debes valorar si vale la pena entrar contra la tendencia, según el espacio que tenga la corrección.
A M5, normalmente no vale la pena entrar en una corrección contra la tendencia. Es mejor aprovechar el retroceso para ponerte a favor de la tendencia a mejor precio.
Teóricamente, aquí, lo ideal sería tomar cortos, en la parte alta del triángulo, o bien esperar a que salga del triángulo.
Attached Image (click to enlarge)
Click to Enlarge Name: 123eu.PNG Size: 106 KB
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  • #1,580
  • Dec 3, 2014 5:18am Dec 3, 2014 5:18am
Quoting Patron
{quote} We should not do trading the indicators. Indicators should confirm Price Action, or anticipate falling momentum, closing positions. But never are the trigger. Where are the moving averages? The trend is very strong. It is normal that when a correction occurs see divergences. Then you should evaluate whether it is worth going against the trend, according to the space that will fix. A M5, usually not worth going into a correction against the trend. Better to take advantage of the reverse to get the trend for a better price. Theoretically,...
Sometimes, there is what is called a fault in the fifth wave. Reverse a figure is then formed, but not because there divergences, but because the market reacts to an event, or at the demand and supply.
We can not know. Meanwhile we assume that the trend is down.
And we work with stop loss.
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