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Dynamic Scalp System

  • #2,341
  • Dec 31, 2014 9:17am Dec 31, 2014 9:17am
Hello friends, just to wish you a HAPPY NEW YEAR.
Donde hay Patron no manda Marinero
  • #2,342
  • Dec 31, 2014 6:24pm Dec 31, 2014 6:24pm
Quoting Patron
Hello friends, just to wish you a HAPPY NEW YEAR.
Yes, a happy new year to you all !!!

My goals for the next three months are:

  1. Keep learning, by reading everything in this thread and contributing to this thread
  2. Don't enter trades too early (anticipating events which don't happen)
  3. Don't take trades when the gain is too small (upside is too close to major resistance)
  4. Don't take trades when the risk is too great (downside support is too far away)

I cannot constantly monitor open positions so I also want to experiment with a higher timeframe. Looking at some historic data, I feel that M15 is the best place to try.

There are two big issues with M30 and H1, in my opinion:
> firstly, that the EMA34 is not properly challenged so the DSS entry rule is not clear. Often, the pullback will not touch at the Dynamic support level.
> Secondly, the normal pip-range is much higher, so I would need a bigger stop level to avoid being sold-out.

Finally, let me contribute something. One of my mistakes is reacting too quickly when a bad candle colour is painted.
I have been experimenting with Heiken Ashi candles. I feel they help me concentrate on the trend, and I am not distracted by the noise of constant colour changes.

Enough words, here is a picture, GBPJPY, M15, Heiken Ashi on the left, Japanese candles on the right.

Attached Image (click to enlarge)
Click to Enlarge Name: haiken.jpg Size: 160 KB
  • #2,343
  • Dec 31, 2014 7:18pm Dec 31, 2014 7:18pm
Theory: EMA re-entry points are seen more clearly with Heiken candles?

Be careful... Indicator graphs show different data with these candles.

M5 timeframe, GBPJPY
Attached Image (click to enlarge)
Click to Enlarge Name: Heiken2.jpg Size: 174 KB
  • #2,344
  • Dec 31, 2014 7:27pm Dec 31, 2014 7:27pm
Quoting Patron
Hello friends, just to wish you a HAPPY NEW YEAR.
Hello Patron, Greenline...welcome back from your vacation...hope it bring a lot positive energy for you all

For Patron, Greenline and all friends or readers ...HAPPY NEW YEAR 2015

more success for you all guys
While knowledge speak up, the wisdom listen down
  • #2,345
  • Dec 31, 2014 7:42pm Dec 31, 2014 7:42pm
Quoting greenline
{quote} Yes, a happy new year to you all !!! My goals for the next three months are: Keep learning, by reading everything in this thread and contributing to this thread Don't enter trades too early (anticipating events which don't happen) Don't take trades when the gain is too small (upside is too close to major resistance) Don't take trades when the risk is too great (downside support is too far away) I cannot constantly monitor open positions so I also want to experiment with a higher timeframe. Looking at some historic data, I feel that M15 is...
Well, it really good to hear you have goal and your contribution is really needed on how we max out the DSS set up.

I myself still fine tuning the best set up about the issue you have mentioned....
DSS 5M should be cover by best analysis from higher TF (so not entry blindly)
i have experience for not too good (let say bad trade) with the re-entry issue.

we will discuss much more later....i feel your spirit

PS: For all readers and friends, we will discuss and learn with gentle, elegant and mature...so no personal matter again...xo xo xo
While knowledge speak up, the wisdom listen down
  • #2,346
  • Dec 31, 2014 8:25pm Dec 31, 2014 8:25pm
Quoting greenline
Theory: EMA re-entry points are seen more clearly with Heiken candles? Be careful... Indicator graphs show different data with these candles. M5 timeframe, GBPJPY {image}
If you read several last post, i have mentioned to all contributor to stated that the entry is based DSS set up(trend follow), re-entry of DSS (trend follow), CT trade (when you see there is potential CT formation by PA or others pattern), or by discretion entry of some reason (by Patron)

So, basically...we will not only take entry based DSS only as sometimes we miss the train and so on.

By learning such kind of entry base we will understand the Risk,Reward (SL & Target) we should take (this is the main issue here...in simple we should take entry with clear SL and target and how if the plan not follow as expected....and the understanding of S/R is very help

here is the example of DSS set up (M15 on UJ)...the support indi said sell when red and buy when blue. where is S/R as SL and TP should be place for both CT and Trend follow trade.

What i see about re entry pattern (PA) when it not or never touch EMA 34 its strong trend follow (the problem is we never now it will touch or not so experience will help)

hope any others sharing too....
Attached Image (click to enlarge)
Click to Enlarge Name: UJdiscussion.png Size: 26 KB
While knowledge speak up, the wisdom listen down
  • #2,347
  • Jan 1, 2015 10:39pm Jan 1, 2015 10:39pm
One of my resolution for DSS set up is fixing the system to be more sophisticate...

I am on test mode on it(so need a lots of time). Will share the result later (thanks for many source & indicator i needed from FF community here)

I hope by fixing the system...we will just match it with our analysis and anticipating for unexpected plan and key level weekly.

Cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Fine tunning.png Size: 34 KB
Click to Enlarge Name: DSSfittestt.png Size: 159 KB
While knowledge speak up, the wisdom listen down
  • #2,348
  • Jan 2, 2015 10:12am Jan 2, 2015 10:12am
GU Comment...

Untill now...GU based DSS still not yet forming LL-LH pattern and S turning R @ 15417 and price below 15400 level as well.

So ,as its CT trade ...better to wait break 15417 or waiting rejection from 15375 or 17356 area. Anyway be carefull as its friday (close to weekend).
Attached Image (click to enlarge)
Click to Enlarge Name: GUDSS.png Size: 33 KB
While knowledge speak up, the wisdom listen down
  • #2,349
  • Jan 4, 2015 10:40am Jan 4, 2015 10:40am
GU ...this week (key level to support DSS set up analysis)

Weekly....space to reach support zone is not so far away(very close).
Daily...Clear break out down with only above 15495 (15500) invalidated more down.
So...any move above 15300 level will only will trigger to more short (seem big chance from 15400 area to re enter short again).

As Plan B : only clear PA (rejection like long wick) will invalidated this "fall down short"

will see
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GUw.png Size: 38 KB
Click to Enlarge Name: GUd.png Size: 36 KB
Click to Enlarge Name: GUdss5m.png Size: 34 KB
While knowledge speak up, the wisdom listen down
  • #2,350
  • Jan 4, 2015 9:45pm Jan 4, 2015 9:45pm
UJ...entry

not about pips ...but about entry plan (SL and Target and Add entry).

DSS set up (PA + wave + Indi support the entry + R:R 1:1 +plan to add entry)
Attached Image (click to enlarge)
Click to Enlarge Name: UJgoodentryasiasess.png Size: 147 KB
While knowledge speak up, the wisdom listen down
  • #2,351
  • Jan 4, 2015 11:57pm Jan 4, 2015 11:57pm
UJ comment...

Based level and PA analysis : two times rejected to break 120 level so far....seem want to move higher but shy as this is still beginning of the week....

So, the plan is waiting PA around 120 level or around Pivot level @ 120.24 area again with SL below 120 level with target 121 or above and place pending order (buy) above every Resistance area such as 120.70 121.00 expect for breakout.

Plan B: short when break 120 level with SL @ pivot(S turning R possibility)
While knowledge speak up, the wisdom listen down
  • #2,352
  • Jan 5, 2015 12:20am Jan 5, 2015 12:20am
Hello my friends

Happy New Year 2015!

and let's get back to work
  • #2,353
  • Jan 5, 2015 12:29am Jan 5, 2015 12:29am
Quoting jstmzplsz
Hello my friends Happy New Year 2015! and let's get back to work
hi,jstmzplsz

Happy New Year 2015 too.

sure!
While knowledge speak up, the wisdom listen down
  • #2,354
  • Jan 5, 2015 4:16am Jan 5, 2015 4:16am
Quoting sam30
UJ comment... Based level and PA analysis : two times rejected to break 120 level so far....seem want to move higher but shy as this is still beginning of the week.... So, the plan is waiting PA around 120 level or around Pivot level @ 120.24 area again with SL below 120 level with target 121 or above and place pending order (buy) above every Resistance area such as 120.70 121.00 expect for breakout. Plan B: short when break 120 level with SL @ pivot(S turning R possibility)
good chance to long on UJ [email protected] will add one if down 120.10 sl 119.95 tp 121.00

will see
While knowledge speak up, the wisdom listen down
  • #2,355
  • Jan 5, 2015 4:34am Jan 5, 2015 4:34am
Quoting sam30
{quote} good chance to long on UJ [email protected] will add one if down 120.10 sl 119.95 tp 121.00 will see
will see 120.42,120.52,120.70 area ...with PA +indi support to add entry so total 4 entry on UJ...
While knowledge speak up, the wisdom listen down
  • #2,356
  • Jan 5, 2015 5:26am Jan 5, 2015 5:26am
Morning.

Today, the easiest pair I found, among which I looked was the EURAUD.
London classical breakdown.

I'm also short GBPJPY, that I shall soon close.

The lateral trend M5 has made me prefer M1 timeframe, for scalping.

My daily goal is met.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudm1londonruptura.PNG Size: 108 KB
Donde hay Patron no manda Marinero
  • #2,357
  • Jan 5, 2015 5:39am Jan 5, 2015 5:39am
Quoting Patron
Morning. Today, the easiest pair I found, among which I looked was the EURAUD. London classical breakdown. I'm also short GBPJPY, that I shall soon close. The lateral trend M5 has made me prefer M1 timeframe, for scalping. My daily goal is met. {image}
morning...

Good catch, Mate

anyway talking about Euro itself..make me thing again to more short. ...and correlation on speed of long on UJ as well. what do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: EUlongwick.png Size: 27 KB
While knowledge speak up, the wisdom listen down
  • #2,358
  • Jan 5, 2015 5:41am Jan 5, 2015 5:41am
GBPJPY M1.

Breakdown London.

Use M1 timerame, because M5 is so lateral.
Attached Image (click to enlarge)
Click to Enlarge Name: gjlondon.PNG Size: 120 KB
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  • #2,359
  • Jan 5, 2015 5:53am Jan 5, 2015 5:53am
Quoting sam30
{quote} morning... Good catch, Mate anyway talking about Euro itself..make me thing again to more short. ...and correlation on speed of long on UJ as well. what do you think? {image}
Big Picture. For me, EURUSD remains bearish and bullish USDJPY continues.

How difficult these this point is to know when it will reach the big correction.

But that's no problem for scalping, since we have very clear and simple rules and you just have to follow them, respecting the holiest available to traders who know how use the stoploss.
Donde hay Patron no manda Marinero
  • #2,360
  • Jan 5, 2015 6:01am Jan 5, 2015 6:01am
Quoting sam30
{quote} morning... Good catch, Mate anyway talking about Euro itself..make me thing again to more short. ...and correlation on speed of long on UJ as well. what do you think? {image}
I was hesitant in the breakdown of London for the GBPJPY, because there is a gap a little higher.
The solution is easy, or follow the rules of the system, or do not do trading. I decided to follow the rules (M1-M5), after checking out the rest of the market, because looking timeframe higher, in this case, did not help much.
Attached Image (click to enlarge)
Click to Enlarge Name: gjlondon.PNG Size: 87 KB
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