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Dynamic Scalp System

  • #2,001
  • Dec 12, 2014 6:24am Dec 12, 2014 6:24am
Quoting Patron
{quote} Very well done. I would not have done better. See? 30 pips. If you're not careful and pick another pair, you'd have 50 or 60 pips. Is it difficult? Congratulations. It is a good example of traiding. Yesterday I sent to see a trade of greenline, that were to see if you suspect it may be a strong trend (see timeframe higher), then manually, you can go by moving the stop loss (trailing stop) to take full advantage of this trend . But that is fine. Congratulations. I never tire of saying, disciplined, this can be done every day....

Thank you

I've seen that about trailing stop. Learning is in progress
  • #2,002
  • Dec 12, 2014 6:27am Dec 12, 2014 6:27am
CJ scalped for 28pips, on 5 min chart price hit 15 bollinger band lower band followed by high volume and change ing momentum both fast and slow stoch had crossed.
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  • #2,003
  • Dec 12, 2014 6:53am Dec 12, 2014 6:53am
Quoting NWGstudent
CJ scalped for 28pips, on 5 min chart price hit 15 bollinger band lower band followed by high volume and change ing momentum both fast and slow stoch had crossed. {image}
Congratulations!
You have used a system that here we do not know.
I wish that you will explain, to understand what criteria follow. Knowing whether it is always against the trend. If you are based solely on indicators, etc .. Thanks.
Donde hay Patron no manda Marinero
  • #2,004
  • Dec 12, 2014 6:54am Dec 12, 2014 6:54am
Scalped UC volume growing but price fail to break lower 15m bands on 5 min chart price moves back in the bands picking up momentum and both slow and fast stoch crossed.

closed for 13pips profit, reason for colsing: both stochs reachead overbought and momentum indicator reaching top.
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  • #2,005
  • Dec 12, 2014 7:00am Dec 12, 2014 7:00am
Quoting NWGstudent
Scalped UC volume growing but price fail to break lower 15m bands on 5 min chart price moves back in the bands picking up momentum and both slow and fast stoch crossed. closed for 13pips profit, reason for colsing: both stochs reachead overbought and momentum indicator reaching top. {image}
Good pips.
Donde hay Patron no manda Marinero
  • #2,006
  • Dec 12, 2014 7:08am Dec 12, 2014 7:08am
Quoting Patron
{quote} Congratulations! You have used a system that here we do not know. I wish that you will explain, to understand what criteria follow. Knowing whether it is always against the trend. If you are based solely on indicators, etc .. Thanks.
Im sorry.

Im making entries based on dynamic support and resistance which actually is my bollinger bands, and i do not trade against my stochastics. If the volume is increasing and momentum indicator are pointing up im reading this as buy volume, if the volume are high but the momentum indicator are pointing down im reading this as selling volume.

Ideally i want a PVA alert from sonic volume indicator and rejection of band.

will not post entries anymore, i understand that you guys only want dynamic scalp system entries. sorry
  • #2,007
  • Dec 12, 2014 7:16am Dec 12, 2014 7:16am
Quoting Patron
{quote} Good pips.
Thanks.

i had some good entries today with a total of 80 pips, but again im really sorry for posting something else. but i will still keep on reading your analyzis
  • #2,008
  • Dec 12, 2014 7:18am Dec 12, 2014 7:18am
Quoting NWGstudent
{quote} Im sorry. Im making entries based on dynamic support and resistance which actually is my bollinger bands, and i do not trade against my stochastics. If the volume is increasing and momentum indicator are pointing up im reading this as buy volume, if the volume are high but the momentum indicator are pointing down im reading this as selling volume. Ideally i want a PVA alert from sonic volume indicator and rejection of band. will not post entries anymore, i understand that you guys only want dynamic scalp system entries. sorry
While Sam30, no decision, I did not say I do not post.
What happens is that the spirit is thread, besides having a system, is to share.
So we can not understand your post if you do not explain to readers how to do your trades, and how to use indicators.
If you do it systematically, or if you have is supported discretion, etc.

I'm happy to let air cool. We always learn something.
Donde hay Patron no manda Marinero
  • #2,009
  • Dec 12, 2014 7:22am Dec 12, 2014 7:22am
Quoting NWGstudent
{quote} Thanks. i had some good entries today with a total of 80 pips, but again im really sorry for posting something else. but i will still keep on reading your analyzis
I like the bollinger. I used one of 55 periods M1 timeframe. And I read it very well. But one day I removed the chart, not to have too many indicators, and finally chose simply moving averages.
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  • #2,010
  • Dec 12, 2014 7:31am Dec 12, 2014 7:31am
Quoting NWGstudent
{quote} Thanks. i had some good entries today with a total of 80 pips, but again im really sorry for posting something else. but i will still keep on reading your analyzis
Dynamic Scalp System, works for intraday trend. When I go against the trend, I do reverse patterns.
But sharing your system, it sure is interesting because it goes against the trend, or attempts to capture the start of trend, do not know.
All this is what I like to read from you. Whether the system is baptized, whether practiced by more people besides you. Know if it is proven (which seems to be yes.)

Sure, if I see your chart and do not understand, does not serve me. Come cheer, and explain in more detail how it works.
Donde hay Patron no manda Marinero
  • #2,011
  • Dec 12, 2014 7:33am Dec 12, 2014 7:33am
Quoting NWGstudent
{quote} Im sorry. Im making entries based on dynamic support and resistance which actually is my bollinger bands, and i do not trade against my stochastics. If the volume is increasing and momentum indicator are pointing up im reading this as buy volume, if the volume are high but the momentum indicator are pointing down im reading this as selling volume. Ideally i want a PVA alert from sonic volume indicator and rejection of band. will not post entries anymore, i understand that you guys only want dynamic scalp system entries. sorry
What parameters are your indicators?
Did you always use M5?
Do you do multitimeframe analysis?
Donde hay Patron no manda Marinero
  • #2,012
  • Dec 12, 2014 7:54am Dec 12, 2014 7:54am
Third trade on EA, +20
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  • #2,013
  • Dec 12, 2014 8:10am Dec 12, 2014 8:10am
The bollinger bands give alot of information and price tend to bum off from either of the edges.

I like to make fast profit, maybe a bit less then trading higher timeframes but again more entries, im using 15min bollinger band on 5 min chart to avoid alot of whipsaws.

in addition i have attached 60 min bollinger band on the same chart, to give me an indication, of medium term price movement, if the price is rejected from 15min upper bollinger band but price bounced of 60 min lower bollinger band, I assume that price will move down a bit but longer term the price are going up, I will also be very careful when there is a stiff trend.

Im using the standard momentum indicator in mt4 attached to sonic PVA volume indicator, this gives me a good indication if the incoming volume are long or short, I will not enter a trade if the momentum indicator is in middle of nowhere, I require it to be in either top sectio or bottom section.

I also found that a PVA alert on bollinger band rejection are a pretty strong signal that the price will have a good bounce off the band, however the PVA alert may also tell you it is a continuation of a trend, so bare in mind the most important thing here is rejection of the bands.

This is some system im been working on for a couple of days and so far it has prooven to be pretty relaiable if i dont get to greedy. so far i had 1 loss and 5 wins today. in total about 150-200 pips since i first started trading it 2 days ago, so it is still new and i cant tell if this is something that are going to work for a long time.

but since im a student and got less time to study the market these days im going to stick to it and see what it brings me, it will allow me to quickly search many pairs for possible entries.
  • #2,014
  • Dec 12, 2014 8:12am Dec 12, 2014 8:12am
Quoting jstmzplsz
Third trade on EA, +20 {image}
You already have 50 pips. Now you can go to enjoy the weekend.
Donde hay Patron no manda Marinero
  • #2,015
  • Dec 12, 2014 8:16am Dec 12, 2014 8:16am
Quoting Patron
{quote} I like the bollinger. I used one of 55 periods M1 timeframe. And I read it very well. But one day I removed the chart, not to have too many indicators, and finally chose simply moving averages.
I had good sucsess trading MAs to, they are easy to read and dont clutter up your chart to much like mine are right now, but it is really adding confidence to my short term trading.

The standard bollinger band, 20 period, 2 dev gives you really loads of information if applying it to a higher timeframe.

in the future when i have a bit more time i will go over waves and such, i belive dynamic scalp system has a great potential, and that why im reading your analyzis alot. This vacation i will try to find time.
  • #2,016
  • Dec 12, 2014 8:20am Dec 12, 2014 8:20am
Quoting Patron
{quote} You already have 50 pips. Now you can go to enjoy the weekend.

That is what I'm going to do
Really really thank you for your help my friend
  • #2,017
  • Dec 12, 2014 8:21am Dec 12, 2014 8:21am
Quoting NWGstudent
The bollinger bands give alot of information and price tend to bum off from either of the edges. I like to make fast profit, maybe a bit less then trading higher timeframes but again more entries, im using 15min bollinger band on 5 min chart to avoid alot of whipsaws. in addition i have attached 60 min bollinger band on the same chart, to give me an indication, of medium term price movement, if the price is rejected from 15min upper bollinger band but price bounced of 60 min lower bollinger band, I assume that price will move down a bit but longer...
Parameters for indicators:

Slow stoch: 14,5,5
fast stoch: 5,3,3
momentum (blue line on volume window) 14
15min bollinger band on 5 min chart: period 60 dev 2
60min bollinger band on 5 min chart: period 240 dev 2

i did also add the dynasty trader indicator which repaints alot are not in much use
  • #2,018
  • Dec 12, 2014 8:27am Dec 12, 2014 8:27am
Quoting NWGstudent
The bollinger bands give alot of information and price tend to bum off from either of the edges. I like to make fast profit, maybe a bit less then trading higher timeframes but again more entries, im using 15min bollinger band on 5 min chart to avoid alot of whipsaws. in addition i have attached 60 min bollinger band on the same chart, to give me an indication, of medium term price movement, if the price is rejected from 15min upper bollinger band but price bounced of 60 min lower bollinger band, I assume that price will move down a bit but longer...
Thank you very much for the explanation. I like it. I worked hard against the trend, because I've always been scalper, and your system seems very interesting.
Where did you get the indicators are here at Forex Factory?
And do not deprive yourself of publishing, while Sam30 not object. So we have two opportunities, both for and against the trend, or sideways trend.
Donde hay Patron no manda Marinero
  • #2,019
  • Dec 12, 2014 8:30am Dec 12, 2014 8:30am
Possible close at the best moment? Yes. Reason? Shit in my pants. 1.24750 was the target
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  • #2,020
  • Dec 12, 2014 8:37am Dec 12, 2014 8:37am
Quoting NWGstudent
{quote} Parameters for indicators: Slow stoch: 14,5,5 fast stoch: 5,3,3 momentum (blue line on volume window) 14 15min bollinger band on 5 min chart: period 60 dev 2 60min bollinger band on 5 min chart: period 240 dev 2 i did also add the dynasty trader indicator which repaints alot are not in much use
Bollinger bands are very good to know where you are.
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