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Dynamic Scalp System

  • #2,301
  • Dec 20, 2014 2:14am Dec 20, 2014 2:14am
Quoting sam30
well...well...well, Good discussion and sharing experience here... We hope more people will join the train....
It is interesting also to share the human side of this business. Right?
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  • #2,302
  • Dec 20, 2014 2:17am Dec 20, 2014 2:17am
Quoting Patron
{quote} EURUSD If we understand that the food market is liquidity also understand that the market can not, by nature behave as expected the majority. The general feeling, at least I've felt and I hoped it was going to be a big correction in the EURUSD. In fact I had buy orders above 1.2500. Intuitively, something began to smell me evil so I removed those orders and put them further, to finish removing them altogether. Technically, the correction did not fit me. I thought we were in correction, but it should be quieter, slower. But the surprise came...
Hmmm...discuss the off market @ weekend? why not....

here my cent view...

On weekly chart EU very bearish...so will continue down....for how deep is the main question...12150,12100, or even more....

BUT...my consideration is the timing of Christmas and end of year financial report for institutional(refers to big players)....i think they want to take a rest and holidays too....

SO...what i think market will plan is down first on monday-tuesday....make a sting/trap down ...leave there alone and move up heavily.....
and never forget the DSS set up (+PA + Tools/Indi's you trust) on every plan........and always aware for unexpected plan...as market is always right
While knowledge speak up, the wisdom listen down
  • #2,303
  • Dec 20, 2014 2:23am Dec 20, 2014 2:23am
Quoting Patron
{quote} It is interesting also to share the human side of this business. Right?
thats part of the spirit of this thread i hope....sharing the human side as we are human....not robot.... and all the human side is above the system.

We just like talk to ourself....with friends
While knowledge speak up, the wisdom listen down
  • #2,304
  • Dec 20, 2014 2:35am Dec 20, 2014 2:35am
UJ....based indicator only...H4

Room to move UP @ weekly candle is pointing UP first....(rejected from 116 level)
BUT i think will make HH-HL on big picture...(will limited below 121 level)

My Indi view :
- 2 stochastic cross BUT not followed short...mean continuation UP....and above EMA's 34&89
- RSIOMA cross 50 level ...more UP and still some space for UP too....need to see 120.level (PA there + srong break or not).
Attached Image (click to enlarge)
Click to Enlarge Name: ujh4indibased.png Size: 33 KB
While knowledge speak up, the wisdom listen down
  • #2,305
  • Dec 20, 2014 2:36am Dec 20, 2014 2:36am
Quoting sam30
{quote} Hmmm...discuss the off market @ weekend? why not.... here my cent view... On weekly chart EU very bearish...so will continue down....for how deep is the main question...12150,12100, or even more.... BUT...my consideration is the timing of Christmas and end of year financial report for institutional(refers to big players)....i think they want to take a rest and holidays too.... SO...what i think market will plan is down first on monday-tuesday....make a sting/trap down ...leave there alone and move up heavily..... and never forget the DSS...
EURUSD

Everything is possible. My message, typically, is that the pair is close to the base of the channel, and is in a fifth wave, which in turn belongs to another fifth wave greater. So, for now, and as the market responds, my plan is to seek corrections, through line 2-4, at all levels.
What will the market? i do not know.
I personally do not find me safe taking short. We'll see wave to wave.
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  • #2,306
  • Edited 2:59am Dec 20, 2014 2:45am | Edited 2:59am
USDJPY Daily

USDJPY corrected 38% Fibonacci of the last wave. At present, it is in an ambiguous situation, which will decide if the correction will be higher degree, seeking 38% of a wave of higher degree (114.000), or if its correction is over and continues its bullish path.
So I see it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj daily.PNG Size: 84 KB
Click to Enlarge Name: uj dailynuevo38.PNG Size: 98 KB
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  • #2,307
  • Dec 20, 2014 2:53am Dec 20, 2014 2:53am
Quoting sam30
UJ....based indicator only...H4 Room to move UP @ weekly candle is pointing UP first....(rejected from 116 level) BUT i think will make HH-HL on big picture...(will limited below 121 level) My Indi view : - 2 stochastic cross BUT not followed short...mean continuation UP....and above EMA's 34&89 - RSIOMA cross 50 level ...more UP and still some space for UP too....need to see 120.level (PA there + srong break or not). {image}
USDJPY

For me the question is: Has finished the correction at higher degree, this pair?
That's what I have nothing clear.
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  • #2,308
  • Dec 20, 2014 3:05am Dec 20, 2014 3:05am
Friends, I have to leave. See you soon.
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  • #2,309
  • Dec 21, 2014 5:04am Dec 21, 2014 5:04am
Quoting jstmzplsz
UJ H1 Ascending wedge - possible reversal after breakout. {image}
USDJPY H1

This past Friday, jstmzplsz pointed out this triangle diagonal, at H1, for USDJPY, if eventually fulfilled, would give good trading opportunities because when the wave runs out, if is exited channel down, there will be a retracement of a 50-62% (theoretically).
Attached Image (click to enlarge)
Click to Enlarge Name: jst.PNG Size: 132 KB


From a chartist point of view, the supposed diagonal triangle has become or is becoming a channel. Not sure if that will be relevant, since the rest of the signals, for me, are correct. Therefore I will try this pattern, for now, as a diagonal triangle.

After correction, perhaps, the main trend will continue to rise unless the market decide to change patterns that seem to be forming.
So at least we have a plan to start, if changed, will have to reconsider the analysis.
Below I leave a scenario, and some theory about it.

At least, there is a plan ... (which is not bad for current times)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: channel diagonal.PNG Size: 91 KB
Click to Enlarge Name: diagonal triangle.PNG Size: 45 KB
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  • #2,310
  • Dec 21, 2014 8:15am Dec 21, 2014 8:15am
Quoting Patron
{quote} USDJPY H1 This past Friday, jstmzplsz pointed out this triangle diagonal, at H1, for USDJPY, if eventually fulfilled, would give good trading opportunities because when the wave runs out, if is exited channel down, there will be a retracement of a 50-62% (theoretically).{image} From a chartist point of view, the supposed diagonal triangle has become or is becoming a channel. Not sure if that will be relevant, since the rest of the signals, for me, are correct. Therefore I will try this pattern, for now, as a diagonal triangle. After correction,...
Honestly....your post of analysis on UJ H1 is one of the best analysis i ever read....
I believe so many readers will grab the point.

As my view on UJ is based on chart(weekly and daily) and level (S/R key level as decision point)...that is my program in my head .

Here is my Plan and comment behind the Plan...

1. I am BUY your analysis (+my own view)...what my view we are not clear now @ what count number of diagonal triangle (i believe we are not yet at the top(5))...Not to confuse about counting what number as S/R level will cover it with PA later.

2. If the pattern is confirm....and what i have experience with the pattern is "sting" for long order @ the high/top to leave alone there....this assumption will only invalidated if CLEAR break 121.70 area (last high Dec 2014) is VERY clear(BUT I doubt it ....with caution on it if really happen with the gap up play on holiday).

3.In relation with point 2....the range for UJ 119.50 to 121.80 area is about 200 pips...still very possible in the range of weekly to reach.

4.First thing to see is PA @ 120.00 level and open market this week. Weekly chart say strong Up first.....

5.(smell) Possibility for Central Bank intervention. ...as the "timing" is good for intervention to yearly close price .

So ....what the best i can do....prepare the plan, waiting the set up of DSS (+S/R level) and indi's tool to support the analysis....and as Patron said....see the wave to wave....and plan for unexpected plan too.

$am3o
While knowledge speak up, the wisdom listen down
  • #2,311
  • Dec 21, 2014 8:46am Dec 21, 2014 8:46am
Thank you my friends for next valuable input
  • #2,312
  • Edited 12:59am Dec 22, 2014 12:29am | Edited 12:59am
Morning!

EURUSD M5

1 trade .- Buy stop at reversal pattern (Rounding bottom, or caup whith handle)

2 trade.- DSS

NOTES ROLE PLAYING THE THREE MOVING AVERAGE.
Attached Image (click to enlarge)
Click to Enlarge Name: eureverdss21.PNG Size: 102 KB
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  • #2,313
  • Dec 22, 2014 12:36am Dec 22, 2014 12:36am
USDJPY M30
The USD JPY seems to be undoing the pattern we expected.
Or is hunting for liquidity?
Attached Image (click to enlarge)
Click to Enlarge Name: uj huntiliqm30.PNG Size: 134 KB
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  • #2,314
  • Dec 22, 2014 12:42am Dec 22, 2014 12:42am
GBPJPY M5

Applied DSS
Attached Image (click to enlarge)
Click to Enlarge Name: GJM5DSS25.PNG Size: 104 KB
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  • #2,315
  • Dec 22, 2014 12:46am Dec 22, 2014 12:46am
Quoting Patron
Morning! EURUSD M5 1 trade .- Buy stop at reversal pattern (Rounding bottom, or caup whith handle) 2 trade.- DSS {image}
morning...

and great pips...
While knowledge speak up, the wisdom listen down
  • #2,316
  • Dec 22, 2014 12:54am Dec 22, 2014 12:54am
Quoting sam30
{quote} morning... and great pips...
thanks
wave to wave...
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  • #2,317
  • Dec 22, 2014 1:12am Dec 22, 2014 1:12am
Quoting Patron
USDJPY M30 The USD JPY seems to be undoing the pattern we expected. Or is hunting for liquidity? {image}
what i doing now on UJ is waiting DSS set up and Clear PA/break 119.50 level again....have scalp long as well to cover floating loss last week entry

And see if 120.00 level tested (the break of 119.50 is very clear BUT something curious there...i dunno what its)
Attached Image (click to enlarge)
Click to Enlarge Name: ujbreak.png Size: 29 KB
While knowledge speak up, the wisdom listen down
  • #2,318
  • Edited 2:11am Dec 22, 2014 1:35am | Edited 2:11am
Quoting sam30
{quote} what i doing now on UJ is waiting DSS set up and Clear PA/break 119.50 level again....have scalp long as well to cover floating loss last week entry And see if 120.00 level tested (the break of 119.50 is very clear BUT something curious there...i dunno what its) {image}
My feeling is that there will be a similar correction to that hope, but meanwhile you should go wave to wave. I normally do not do trading with USDJPY, I analyze it to leverage its correlation with GBPJPY, which is more volatile.

It is going through my head, if we consider an inverse pattern likely under construction, will be an upward correction, the kind I have already spoken in another post, because it is sometimes difficult to distinguish a pattern of the other. But now I do not have time to study it carefully. So I girded the DSS.
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  • #2,319
  • Dec 22, 2014 1:48am Dec 22, 2014 1:48am
Hello friends,
I came to say that I'll be not trading for a while. I have to prepare myself for travel to home, christmas etc.

So I wish you a Merry Christmas, and what is more important I wish you good health and a lot of smile, because for everything else you will earn, I'm sure

I'll be lurking from time to time, to see how it's going with you
And of course I prepared some material to learn while traveling

See you soon!
  • #2,320
  • Dec 22, 2014 2:05am Dec 22, 2014 2:05am
Quoting jstmzplsz
Hello friends, I came to say that I'll be not trading for a while. I have to prepare myself for travel to home, christmas etc. So I wish you a Merry Christmas, and what is more important I wish you good health and a lot of smile, because for everything else you will earn, I'm sure I'll be lurking from time to time, to see how it's going with you And of course I prepared some material to learn while traveling See you soon!
Merry Christmas, buddy!
I wish you all the best !!
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