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Dynamic Scalp System

  • #2,461
  • Jan 8, 2015 8:14am Jan 8, 2015 8:14am
Quoting sam30
{quote} The possibility of looking for liquidity for more up as price play range. Not to make confuse....range could mean rest area for more long or Take profit for some entries(long). In M5,M15,M30 could be S-H-S too IF 119.50 break with clear movement ( huge short). As Patron always remind us, wave to wave and PA is our "mantra"("spell")....DSS 5M Thanks {image}
USDJPY M15

Liquidity is the food market, necessary for the proper functioning.
Therefore, look at the areas where the volume concentrated. I think it's important right now.

Personally, I interpret it as that the smart money is adding longs, is bullish.

Therefore, I think we should prepare to open long positions when the price action permits.
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  • #2,462
  • Jan 8, 2015 8:21am Jan 8, 2015 8:21am
Quoting jstmzplsz
GJ +68 The main reason for first trade was double rejection from 62 fibo. Other trades were based on fan principle. It was my first time and it worked out well {image}
Good pips.

You have already filled the daily quota.
You can now go back to bed ...
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  • #2,463
  • Jan 8, 2015 8:31am Jan 8, 2015 8:31am
Quoting Alucard X
{quote} I was reading your history Js, i think it was an amazing contribution, because most times the climb to be successful is horrible, full of exhaustion and desperation moments, but with enought time and effort you can get what you want, at least is what i hope.
I also have this hope
Sometimes you need some guys like this ones here, who can tell you - yes, you are doing it good or you need to improve this or that.
From point where I am now I can say that sometimes you already may know a lot or be able to do a lot, but you don't do it, because of bad emotions or what you thinking about your abilities.
Sometimes it is better to put your abilities under evaluation of others, and your learning curve will rise amazingly just as your self-confidence.
I want to say that you need to remember how important is psychological aspect of trading, as Patron always says.

And I remember that you were that person, who told me to be not afraid of sharing charts in here.
So my advice to you is the same. It's really helping to be a part of something
  • #2,464
  • Jan 8, 2015 8:36am Jan 8, 2015 8:36am
Quoting Patron
{quote} Good pips. You have already filled the daily quota. You can now go back to bed ...
Today I didn't even get out of it
  • #2,465
  • Jan 8, 2015 8:46am Jan 8, 2015 8:46am
Quoting Patron
{quote} USDJPY M15 Liquidity is the food market, necessary for the proper functioning. Therefore, look at the areas where the volume concentrated. I think it's important right now. Personally, I interpret it as that the smart money is adding longs, is bullish. Therefore, I think we should prepare to open long positions when the price action permits. {image}
Some ideas from me.

On H4 we have triangle formed, so we have possible TP.
And on M15, M5 we can easily draw a channel, so we might have possible entries.
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  • #2,466
  • Jan 8, 2015 9:04am Jan 8, 2015 9:04am
Quoting jstmzplsz
{quote} Some ideas from me. On H4 we have triangle formed, so we have possible TP. And on M15, M5 we can easily draw a channel, so we might have possible entries. {image} {image}
USDJPY H4

It could be another scenario. What happens is that, personally, I see that triangle forced. It is intuition, I do see it as well.
But I have to accept it as an alternative scenario and I will consider.

Thank You.

More scenarios are supported!

As to the channel, is a perfect place for trading with tight stop loss.
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  • #2,467
  • Jan 8, 2015 9:28am Jan 8, 2015 9:28am
Quoting jstmzplsz
{quote} I also have this hope Sometimes you need some guys like this ones here, who can tell you - yes, you are doing it good or you need to improve this or that. From point where I am now I can say that sometimes you already may know a lot or be able to do a lot, but you don't do it, because of bad emotions or what you thinking about your abilities. Sometimes it is better to put your abilities under evaluation of others, and your learning curve will rise amazingly just as your self-confidence. I want to say that you need to remember how important...
Congrats for your pips even on the bed rests, damn good sickness ....

Congratz for your improvement, learning and getting your own inner holy grail

The more you share, the more you get...but dont give all of you ....... xo xo xo

As i told, good system, good traders skill, good environment to discuss...good results
While knowledge speak up, the wisdom listen down
  • #2,468
  • Jan 8, 2015 9:39am Jan 8, 2015 9:39am
Quoting sam30
{quote} Congrats for your pips even on the bed rests, damn good sickness .... Congratz for your improvement, learning and getting your own inner holy grail The more you share, the more you get...but dont give all of you ....... xo xo xo As i told, good system, good traders skill, good environment to discuss...good results
Thank you Sam30

Totally agree with you
  • #2,469
  • Jan 8, 2015 10:00am Jan 8, 2015 10:00am
About UJ

as different view from the honored member i follow. here is the link:http://www.forexfactory.com/showthre...36#post7981236.

Note: not about who is right or wrong...we are learn and got the wisdom of all of it.

one important think i take note is we are not stick with one way when this is the game of probabilities.
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While knowledge speak up, the wisdom listen down
  • #2,470
  • Jan 8, 2015 11:27pm Jan 8, 2015 11:27pm
Quoting sam30
About UJ as different view from the honored member i follow. here is the link:http://www.forexfactory.com/showthre...36#post7981236. Note: not about who is right or wrong...we are learn and got the wisdom of all of it. one important think i take note is we are not stick with one way when this is the game of probabilities. {image}
The wisdom of today....

"Whatever the market plan, simple...just see wave to wave with PA caution for both CT trade or TrF(trend follow) trade and follow what DSS 5M signal with support from MTF S/R analysis". And you will never go "wrong" so far.

anyway, My support indicator seem play good to support TrF entry with clear SL and just need a bit adding support indi for CT entry later(picture below)....

Add note:

  1. The market seem move UP for searching liquidity to move more down.
  2. PA below EMA 34 &89 on H4 ATM & RSIOMA H1 break 50 level RSIOMA H4 rejected from 50 level....
  3. Only clear break UP 120 level will invalidated Deep correction
  4. Waiting PA doing on 119 level. might be the best place before Red news for today.

will see @NFP time

Attached Image (click to enlarge)
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While knowledge speak up, the wisdom listen down
  • #2,471
  • Jan 9, 2015 3:12am Jan 9, 2015 3:12am
GBPJPY M5
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  • #2,472
  • Jan 9, 2015 3:22am Jan 9, 2015 3:22am
uj m5
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  • #2,473
  • Jan 9, 2015 3:47am Jan 9, 2015 3:47am
Quoting Patron
uj m5 {image}
USDJPY

Exit all. I think this pair is bullish medium-long term, for the reasons explained in previous posts. Correction Type and distribution of volumes, were my main arguments.
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  • #2,474
  • Jan 9, 2015 4:26am Jan 9, 2015 4:26am
Quoting sam30
About UJ as different view from the honored member i follow. here is the link:http://www.forexfactory.com/showthre...36#post7981236. Note: not about who is right or wrong...we are learn and got the wisdom of all of it. one important think i take note is we are not stick with one way when this is the game of probabilities. {image}

Sam30, I read several times and carefully, the post you propose as an alternative scenario, and either I do not understand either the arguments there have neither feet nor head.
Maybe I do not understand. Could you clarify? Because maybe I miss something and you you can help me.

The only thing I got clear is that the supports become resistances and vice versa. That everyone knows, but is insufficient to make trading decisions. In addition, S & R are subjective and need to be accompanied by volume and wave analysis.

Then he tells us that for too long the pair does not correct enough and who sees a weekly bearish (I see bullish) ago. Ask loiel that time. Time does not matter, it's not a valid argument (except for non-traders).

He also talks correccción levels (109-111) but does not explain why reaches those numbers.

I hope to help me achieve that kind of wisdom that refuses to my being. I will be very grateful.
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  • #2,475
  • Jan 9, 2015 4:29am Jan 9, 2015 4:29am
Small scalp on UJ +11
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  • #2,476
  • Jan 9, 2015 4:46am Jan 9, 2015 4:46am
Quoting Patron
{quote} Sam30, I read several times and carefully, the post you propose as an alternative scenario, and either I do not understand either the arguments there have neither feet nor head. Maybe I do not understand. Could you clarify? Because maybe I miss something and you you can help me. The only thing I got clear is that the supports become resistances and vice versa. That everyone knows, but is insufficient to make trading decisions. In addition, S & R are subjective and need to be accompanied by volume and wave analysis. Then he tells us that...
I have to complete the previous post. In my early days, many years ago, I tried the type of trading proposed in that thread. It is a trading works, but not gives to pay the bills. Functions to maintain the account, a little higher, a little lower, but is insufficient for me.
I proposed the "guru" who taught me that wise and simple system ", adding a signal more the system, as the analysis of the wave.

I got out of that system, and started doing scalping. But still doing analysis Big Picture and followed the "guru" to see how that system worked. Two years I watched, and gained nothing. He did not lose the capital, but the thousands of hours he was working, so no bills are paid.

Trading decisions, in my opinion, and I've expressed in ancient post, have not taken a single signal, but with a set of signals that make up a whole, and Price Action is the trigger.
And the arguments must have a solid foundation on known patterns and not on unfounded beliefs.
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  • #2,477
  • Jan 9, 2015 4:48am Jan 9, 2015 4:48am
Quoting jstmzplsz
Small scalp on UJ +11 {image}
well done!

I'm out. I follow the plan you proposed, and beyond mine. Of course, not the gspajon, unless Sam30, convince me that I have not understood anything.
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  • #2,478
  • Jan 9, 2015 5:09am Jan 9, 2015 5:09am
EURJPY M30

Support area
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  • #2,479
  • Jan 9, 2015 5:18am Jan 9, 2015 5:18am
Quoting Patron
EURJPY M30 Support area {image}
Good observation. Can we treat it as a triple bottom formation with decreasing volume?
Attached Image
  • #2,480
  • Jan 9, 2015 5:30am Jan 9, 2015 5:30am
EA -23

It was CT and I was to greedy I guess. After 20 pips in profit, price was rejected from dynamic support and moved down quickly.
Any comments appreciated
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