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Dynamic Scalp System

  • #2,061
  • Dec 15, 2014 5:05am Dec 15, 2014 5:05am
Quoting Patron
GPJPY M5 In the early Asian session, I did some discretionary trades, keeping with general analysis and nearest stop loss. {image}
USDJPY

idem GBPPJY
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  • #2,062
  • Dec 15, 2014 6:34am Dec 15, 2014 6:34am
Hello everyone!

I have a question due to connecting DSS with higher time frame analysis.
For instance:
On H4 EU I have bullish trendline, but DSS is saying that I should sell right now. So shoud I sell or should I wait for DSS-HTF agreement?
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  • #2,063
  • Dec 15, 2014 6:37am Dec 15, 2014 6:37am
Another interesting situation was today on EA.
I see bullish channel on H1 in confluence with previous support.
Should I buy right at the bottom or should I wait for a DSS-HTF agreement?
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  • #2,064
  • Dec 15, 2014 6:41am Dec 15, 2014 6:41am
UJ +20
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  • #2,065
  • Dec 15, 2014 6:58am Dec 15, 2014 6:58am
Quoting jstmzplsz
UJ +20 {image}
USDJPY M5

idem
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  • #2,066
  • Dec 15, 2014 7:09am Dec 15, 2014 7:09am
Quoting jstmzplsz
Another interesting situation was today on EA. I see bullish channel on H1 in confluence with previous support. Should I buy right at the bottom or should I wait for a DSS-HTF agreement? {image}
It's your choice. DSS works the trend. But, if after 5 waves, you see a reversal of the same grade, why not take advantage? The stoploss always be close.
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  • #2,067
  • Dec 15, 2014 7:15am Dec 15, 2014 7:15am
Quoting jstmzplsz
Hello everyone! I have a question due to connecting DSS with higher time frame analysis. For instance: On H4 EU I have bullish trendline, but DSS is saying that I should sell right now. So shoud I sell or should I wait for DSS-HTF agreement? {image}
Your choice, also. EURUSD draws a correction. If sufficient range, you can follow the DSS without H4. You have to work to the same degree for intraday, without losing sight of the big picture. Big picture will become important with the news, with a change of session, etc ..
If there is a change of fractal degree the stop loss will be there, to minimize losses, and can then speculate that change.
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  • #2,068
  • Dec 15, 2014 7:17am Dec 15, 2014 7:17am
Quoting Patron
{quote} It's your choice. DSS works the trend. But, if after 5 waves, you see a reversal of the same grade, why not take advantage? The stoploss always be close. {image}

Understood
  • #2,069
  • Dec 15, 2014 7:19am Dec 15, 2014 7:19am
Quoting Patron
{quote} Your choice, also. EURUSD draws a correction. If sufficient range, you can follow the DSS without H4. You have to work to the same degree for intraday, without losing sight of the big picture. Big picture will become important with the news, with a change of session, etc .. If there is a change of fractal degree the stop loss will be there, to minimize losses, and can then speculate that change.

OK, so I need to make smart choices
  • #2,070
  • Dec 15, 2014 7:32am Dec 15, 2014 7:32am
Quoting jstmzplsz
{quote} OK, so I need to make smart choices
Yes.
In Reversal, the ratio profit / loss is usually very attractive, in such cases, if you use well stop loss.
If you are a scalper, use the intraday trend (although not forget the big picture). You know where support and resistance are. And always counted waves of the same degree, and draw trendlines, and S&R.

The experience will come with the continuous work day. Meanwhile we have an easy system (DSS), where every day we will win some pips.
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  • #2,071
  • Dec 15, 2014 7:47am Dec 15, 2014 7:47am
Quoting Patron
{quote} Mornig to all! Thanks for the website. Thus I can contract with my analysis. They look too. I do not like (law of contrary opinion). Or is he copied me? http://www.forexfactory.com/showthre...39#post7942339 Anyway, I asked different opinions, not the same. {image} Nomura... {image}
The contrary opinion ...?
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  • #2,072
  • Dec 15, 2014 7:58am Dec 15, 2014 7:58am
Triangle it is, but I see trendline on Daily TF which might bring further move upward. What do you think about this?
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  • #2,073
  • Edited 9:11am Dec 15, 2014 8:12am | Edited 9:11am
Quoting jstmzplsz
Triangle it is, but I see trendline on Daily TF which might bring further move upward. What do you think about this? {image}
EURJPY H4
Actually, I'm still waiting for a zigzag (or flag, or head west shoulder) occurs.
But we can not rule anything out.
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  • #2,074
  • Dec 15, 2014 8:16am Dec 15, 2014 8:16am
Quoting Patron
{quote} EURJPY H4 Actually, I'm still waiting for a zigzag (or pennant, or head west shoulder) occurs. But we can not rule anything out. {image}
USDJPY H4

Volume interesting
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  • #2,075
  • Dec 15, 2014 8:32am Dec 15, 2014 8:32am
Quoting Patron
{quote} USDJPY H4 Volume interesting {image}

Unfortunately I don't know yet what it means exactly
  • #2,076
  • Dec 15, 2014 8:37am Dec 15, 2014 8:37am
GBPJPY M30

It will stay in triangle, or draw a flag?
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  • #2,077
  • Dec 15, 2014 8:40am Dec 15, 2014 8:40am
Quoting jstmzplsz
{quote} Unfortunately I don't know yet what it means exactly
I interpret it as bullish volume, because they are no breaks, and the smart money buy cheap and sell dear. My common sense tells me that.
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  • #2,078
  • Dec 15, 2014 8:46am Dec 15, 2014 8:46am
Quoting Patron
{quote} I interpret it as bullish volume, because they are no breaks, and the smart money buy cheap and sell dear. My common sense tells me that.
All this volume, in my opion is bullish. It's hard to think otherwise, because they are not breaks, but lows.
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  • #2,079
  • Dec 15, 2014 8:46am Dec 15, 2014 8:46am
Quoting Patron
GBPJPY M30 It will stay in triangle, or draw a flag? {image}

First thought
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  • #2,080
  • Edited 9:18am Dec 15, 2014 9:04am | Edited 9:18am
Quoting jstmzplsz
{quote} First thought {image}
The labeling is incorrect. There are lots of examples on the internet about the labeling of triangles.

What I meant, as indicated by arrows, is that the price can exit Triangle both north and south, but increasingly outweighs the south.
Time will tell.
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