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Dynamic Scalp System

  • #2,381
  • Jan 6, 2015 4:49am Jan 6, 2015 4:49am
Quoting Patron
I do not know if it is allowed to upload these kinds of books here. I had not thought of. So if you have downloaded, I will delete them.
OK, do it. Thanks.
  • #2,382
  • Jan 6, 2015 4:50am Jan 6, 2015 4:50am
Quoting jstmzplsz
UJ My two cents {image}
That is a good support but RSI falls hard.

Keep in mind that we are in H4. Perhaps a correction of the last to wave, looking for liquidity ... Could be.
Applying trading, wait for the system.

Or continue the upward trend, which can also be.
Donde hay Patron no manda Marinero
  • #2,383
  • Jan 6, 2015 4:52am Jan 6, 2015 4:52am
EA +24

Breakout from channel (flag?). In agreement with the trend.
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  • #2,384
  • Jan 6, 2015 4:54am Jan 6, 2015 4:54am
I'm done for now, because today is holiday in my country.
From tomorrow I'll be working normally, whole two sessions.
Cheers my friends
  • #2,385
  • Jan 6, 2015 4:56am Jan 6, 2015 4:56am
Quoting jstmzplsz
EA +24 Breakout from channel (flag?). In agreement with the trend. {image}
Well done!

Today has not escaped you the EURAUD.
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  • #2,386
  • Jan 6, 2015 4:58am Jan 6, 2015 4:58am
Quoting Patron
{quote} Well done! Today has not escaped you the EURAUD.

Exactly
  • #2,387
  • Jan 6, 2015 4:59am Jan 6, 2015 4:59am
Quoting jstmzplsz
I'm done for now, because today is holiday in my country. From tomorrow I'll be working normally, whole two sessions. Cheers my friends
In Spain it is also festitivites today. I'm going to call it a day settled.
See you tomorrow friends!

Today is the Day of the Three Kings (Reyes Magos), who bring toys for all children.
Donde hay Patron no manda Marinero
  • #2,388
  • Jan 6, 2015 5:03am Jan 6, 2015 5:03am
Quoting jstmzplsz
EA +24 Breakout from channel (flag?). In agreement with the trend. {image}
great result....

what i respect of your trade is waiting for clear break....you are not greed by place entry from the rejection of ema 34...

I must learn from that as i usually want to add entry from the breakout last minor S/R.
While knowledge speak up, the wisdom listen down
  • #2,389
  • Jan 6, 2015 10:02am Jan 6, 2015 10:02am
UJ oh UJ....

UJ...as i thought..rejected 119.41 area ...mean short

EU long too
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While knowledge speak up, the wisdom listen down
  • #2,390
  • Jan 6, 2015 10:07am Jan 6, 2015 10:07am
Quoting sam30
UJ oh UJ.... UJ...as i thought..rejected 119.41 area ...mean short EU long too {image} {image}
EU long add entry....waiting a moment to close all of it.

enough for today...

cheers
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While knowledge speak up, the wisdom listen down
  • #2,391
  • Jan 6, 2015 10:43am Jan 6, 2015 10:43am
Quoting sam30
{quote} Thanks, Mate anyway on UJ big picture seem sign of deep correction might be happen. UJ we have below all EMA(34,89,233) from m1 to H4. Nearest dynamic resistance H1 @ 119.46(right now) and dynamic support Daily on 118.16 area (need to break 118,63 first)...so might be play range for around 1-2 hours before decide the way. GJ play similar
I am not trade GJ ATM, but by following the system...its work very good (Yes its trend follow & even you all know where to spot CT trade and where to close it)

The EMA's indi support very well too
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While knowledge speak up, the wisdom listen down
  • #2,392
  • Jan 6, 2015 2:18pm Jan 6, 2015 2:18pm
Hello. I will not mention Greece or oil, which are the most important fundamentals right now.
I'll make a couple of notes on technical analysis and reading of indicators.

They say that the indicators are useless, they are retarded. I say that a thermometer, which is an indicator (for example), is used in all hospitals to measure body temperature, objectively.
Of course, if I can not read the thermometer, nor know what it means to read, then no use to me.

I have a couple of recent examples RSI reading.
A classic indicator, which seems not say much more than what you see in the chart. But if you look closely at the RSI gives you information beyond.
The hardest thing for me, in the comparative reading of an indicator, is finding the right fractal (or timeframe), where almost, at times, seems to have predictive value. The word "predictive" is exaggerated, for a business whose movements seems to be governed by calculating probabilities.

But here are two practical, recent examples ...
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  • #2,393
  • Jan 6, 2015 2:20pm Jan 6, 2015 2:20pm
Quoting Patron
Hello. I will not mention Greece or oil, which are the most important fundamentals right now. I'll make a couple of notes on technical analysis and reading of indicators. They say that the indicators are useless, they are retarded. I say that a thermometer, which is an indicator (for example), is used in all hospitals to measure body temperature, objectively. Of course, if I can not read the thermometer, nor know what it means to read, then no use to me. I have a couple of recent examples RSI reading. A classic indicator, which seems not say much...
The first example occurred several weeks ago with the EURUSD.

http://www.forexfactory.com/showthre...87#post7942087
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  • #2,394
  • Jan 6, 2015 2:42pm Jan 6, 2015 2:42pm
Quoting Patron
{quote} The first example occurred several weeks ago with the EURUSD. http://www.forexfactory.com/showthre...87#post7942087 {image} {image}
USDJPY H4

The second example happened today, and is what gave me the idea of sharing these facts, in this great thread, which shows that sharing is good for everyone.

We were Sam30, jstmzplsz and me sharing our views on the USDJPY. Then one of the published charts caught my attention.

http://www.forexfactory.com/showthre...25#post7975725
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The pair was on a good support, and, of course, bounced. But the RSI came to support without showing any weakness. So I thought the chances that such support was violated was very high ...

What happened next? See ... Support violated.
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  • #2,395
  • Jan 6, 2015 3:03pm Jan 6, 2015 3:03pm
Quoting Patron
{quote} USDJPY H4 The second example happened today, and is what gave me the idea of sharing these facts, in this great thread, which shows that sharing is good for everyone. We were Sam30, jstmzplsz and me sharing our views on the USDJPY. Then one of the published charts caught my attention. http://www.forexfactory.com/showthre...25#post7975725 {image} The pair was on a good support, and, of course, bounced. But the RSI came to support without showing any weakness. So I thought the chances that such support was violated was...
Of course, these posts are not an apology for the indicators. Each one should use, according to market conditions, that indicator that best complements the vision of the price action.
I do not like a crowded indicators that tell the same chart, because it deviates from the main focus.
The main thing is to capture the market condition, and use what is best for or what you know best, especially when the price reaches a critical point.
Donde hay Patron no manda Marinero
  • #2,396
  • Jan 6, 2015 7:26pm Jan 6, 2015 7:26pm
Quoting Patron
{quote} Of course, these posts are not an apology for the indicators. Each one should use, according to market conditions, that indicator that best complements the vision of the price action. I do not like a crowded indicators that tell the same chart, because it deviates from the main focus. The main thing is to capture the market condition, and use what is best for or what you know best, especially when the price reaches a critical point.
Very good conclusion, Mate

I agree on the point you share...TA(technical analysis) + Indi reading to support the decision is one of our main job....and you have share and give learning for all of us about that in many example + theory beyond action before happened.

For UJ discussion and chart....i respect jstmplsz for his courage +willing to share his viev @ that time (if not i will not see the trend support of that level) ....and its proven price move to 119.40 level several minute after he post it ....wow.

Then your view of search of liquidity from high is a very good sharing of view as well. And warning of wave to wave as well......( i really like your london breakout strategy too .....xo xo xo)

So, my final job is to make conclusion + a little bit effort by level price analysis based S/R i was mentioned...dynamic R @119.46 and dynamic S @ 118.20....magically its happen

by good discussion and share each others here ...its really help me and i hope help readers too.

Anyone want to share too?
While knowledge speak up, the wisdom listen down
  • #2,397
  • Jan 7, 2015 12:33am Jan 7, 2015 12:33am
Quoting sam30
{quote} 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...
Note of the day

1 . I have learning much more from honored red diamond i follow here (gspajon). I really like his qoutes "there are positive wisdom and negative wisdom". the rest is our choices.

2 . As DSS is all about how we interpretation PA with EMA's on MTF with supported by:

  1. S/R level (dynamic EMAs,static and key level)
  2. All indi we put that suit with ourself to support the interpretation.
  3. Volume (especially if you expert or practitioner of that NOT like me that dunno anything about it)
  4. etc...etc much more valuable tools out there(so many)


3 . Bull in mind the question to ourself "why we share something". Whatever it is...i hope we all got the wisdom. As my view we share to enrich each others.

thanks

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While knowledge speak up, the wisdom listen down
  • #2,398
  • Jan 7, 2015 4:19am Jan 7, 2015 4:19am
Morning
Some trades from today.
UJ
First one - I've made a mistake in counting waves. -20
Second one - break of ascending wedge +10
EA
Rather rare situation with down break of ascending triangle, but only +6 pips, because of the news.

Hope you guys have a better start this session
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  • #2,399
  • Jan 7, 2015 4:22am Jan 7, 2015 4:22am
Quoting sam30
{quote} Very good conclusion, Mate I agree on the point you share...TA(technical analysis) + Indi reading to support the decision is one of our main job....and you have share and give learning for all of us about that in many example + theory beyond action before happened. For UJ discussion and chart....i respect jstmplsz for his courage +willing to share his viev @ that time (if not i will not see the trend support of that level) ....and its proven price move to 119.40 level several minute after he post it ....wow. Then your view of search of...

I'm really happy that you my friends appreciate my little contribution to this thread.
I'm trying to help every time it's possible and I'm able to add something.
  • #2,400
  • Jan 7, 2015 4:22am Jan 7, 2015 4:22am
UJ....we have 119.47-50 area as Key level for this week.

as long as hold (resistance hold) we will see more correction.....118-117 area

Once break it will conclude the rejection of short and more move up potentially the rest of this week (break 120-121 level again)

will see
While knowledge speak up, the wisdom listen down
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