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  • #2,121
  • May 28, 2015 4:25am May 28, 2015 4:25am
next possible trade buy E|U and then E|J
  • #2,122
  • May 28, 2015 5:32am May 28, 2015 5:32am
Could someone recommend a good Pivot or S/R indicator please?
  • #2,123
  • May 28, 2015 5:47am May 28, 2015 5:47am
Quoting sriloba
{quote} M5 Scalping and trend trader are scalping strategy. You can use DTDT system but remove macd and rsi. Take a trade only when price moves in or beyond the channel. Sai Ram
Hi Sai Ram and Verified, any other tips for scalping M5 charts?
  • #2,124
  • May 28, 2015 5:49am May 28, 2015 5:49am
Quoting gwindy
Could someone recommend a good Pivot or S/R indicator please?
post 1603
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File Type: ex4 FOREX STRATEGIST SR.ex4   16 KB | 260 downloads
  • #2,125
  • May 28, 2015 6:02am May 28, 2015 6:02am
Quoting gwindy
Could someone recommend a good Pivot or S/R indicator please?
try this one
Attached File(s)
File Type: ex4 TzPivotsD_v3.5 (Black).ex4   99 KB | 184 downloads
  • #2,126
  • May 28, 2015 6:09am May 28, 2015 6:09am
Hi everyone,

It looks like my normal performance is about 23 - 26 pips a day. Without risking the farm .

In the past week I only had 1 "significant" loss, -12 pips. I scalp the M1 / M5 timeframe. While I can be very happy about this intermediate result, it's still something I want and need to improve, the efforts to achieve this are big.

However, I never felt uncertain or bad. Not much emotions involved ATM. I hope I can improve more and soon.

I wanted to let you know.

Best, verified
  • #2,127
  • May 28, 2015 6:11am May 28, 2015 6:11am
At the European session, I took 2 trades on EY for 48 pips

M5 : Today is M2/M4 ---M2 is the low of the day and M4 is the high of the day --Keep in mind pivot point works 50% of the time

T1 : signal; Next open candle go Long @ 135.156, TP for 24 pips

T2 : signal; Next open candle go Long @ 135.208, TP for 24 pips

Both trades are winners with 48 pips

Both trades are taken when price trade in the channel -- high probability trade because the risk is low.

I use stoc(11,3,3,)


Sai Ram
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Being a fxtrader is not easy. Ones must working hard.
  • #2,128
  • May 28, 2015 6:18am May 28, 2015 6:18am
Quoting sriloba
At the European session, I took 2 trades on EY for 48 pips M5 : Today is M2/M4 ---M2 is the low of the day and M4 is the high of the day --Keep in mind pivot point works 50% of the time T1 : signal; Next open candle go Long @ 135.156, TP for 24 pips T2 : signal; Next open candle go Long @ 135.208, TP for 24 pips Both trades are winners with 48 pips Both trades are taken when price trade in the channel -- high probability trade because the risk is low. I use stoc(11,3,3,) Sai Ram {image}
sriloba I thought you were using 15m. Do you use both 5 and 15m?
  • #2,129
  • May 28, 2015 6:21am May 28, 2015 6:21am
Quoting verified
Hi everyone, It looks like my normal performance is about 23 - 26 pips a day. Without risking the farm . In the past week I only had 1 "significant" loss, -12 pips. I scalp the M1 / M5 timeframe. While I can be very happy about this intermediate result, it's still something I want and need to improve, the efforts to achieve this are big. However, I never felt uncertain or bad. Not much emotions involved ATM. I hope I can improve more and soon. I wanted to let you know. Best, verified
Hi V

The important part is that you are consistently making 20 odd pips or so profit per day, stress-less as you have said.

If everyone cud do that, then everyone wud become very rich in no time, so keep up the good work is my advice, and make small adjustments as you go along, and then gradually increase lot size, and also look to find reasons to add on positions once the trade is in profit, thus becoming a free trade. Often traders exit much too prematurely I always think, especially if the trade is going favourably.

That is the occasion to find the add on signal imo, because as I said, its the free trade opportunity at that point that successful traders should capitalise on.

Cheers

LL

Cheers
  • #2,130
  • May 28, 2015 6:27am May 28, 2015 6:27am
Quoting justin7
{quote} sriloba I thought you were using 15m. Do you use both 5 and 15m?
DTDT is designed for M15. But for people more than 3 years in forex, I suggest to trade multiple time frame. M5 is whipsawed, I'm not to advice newbies going in there.

M15 for newbies is the borderline.

The trigger may happened anywhere in the multiple time frame. If you trade one pair it is advantage to check all TFs from M5 to H1.

Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #2,131
  • May 28, 2015 6:30am May 28, 2015 6:30am
Quoting sriloba
At the European session, I took 2 trades on EY for 48 pips M5 : Today is M2/M4 ---M2 is the low of the day and M4 is the high of the day --Keep in mind pivot point works 50% of the time T1 : signal; Next open candle go Long @ 135.156, TP for 24 pips T2 : signal; Next open candle go Long @ 135.208, TP for 24 pips Both trades are winners with 48 pips Both trades are taken when price trade in the channel -- high probability trade because the risk is low. I use stoc(11,3,3,) Sai Ram {image}
Hi Sai Ram,

I have a question to the new StochEntry indicator. I had it on my charts as well and I felt sometimes, it could signal 1 bar more early. without losing, if not gaining quality. It's just the about the simple thinking ( almost every developer does this ) static threshold - static alerts. Thresholds can by dynamic as well and trigger on deltas also ( e.g. a move from 90 stoch to 70 stoch can be equal weighted than a move from 70 stoch to 50 stoch ). This way - I think - it's possible to provide the same quality but more and more early entries. How do you think about that ? This cannot be done in 2 hours . Please let me know about.

Best Regards, verified
  • #2,132
  • May 28, 2015 6:34am May 28, 2015 6:34am
Quoting Landline
{quote} Hi V The important part is that you are consistently making 20 odd pips or so profit per day, stress-less as you have said. If everyone cud do that, then everyone wud become very rich in no time, so keep up the good work is my advice, and make small adjustments as you go along, and then gradually increase lot size, and also look to find reasons to add on positions once the trade is in profit, thus becoming a free trade. Often traders exit much too prematurely I always think, especially if the trade is going favourably. That is the occasion...
Hi LL,

Thank you very much for your feedback and your advice. I appreciate. Yes, I close prematurely.

Cheers, verified
  • #2,133
  • May 28, 2015 6:34am May 28, 2015 6:34am
Quoting verified
Hi everyone, It looks like my normal performance is about 23 - 26 pips a day. Without risking the farm . In the past week I only had 1 "significant" loss, -12 pips. I scalp the M1 / M5 timeframe. While I can be very happy about this intermediate result, it's still something I want and need to improve, the efforts to achieve this are big. However, I never felt uncertain or bad. Not much emotions involved ATM. I hope I can improve more and soon. I wanted to let you know. Best, verified
Hi Verified,

If your daily goal is 20 pips and EU is your girlfriend then you have to take care of her sometimes 2 trades. Because EU will retrace most of the time after 18 to 24 pips in the normal condition (no big news in the near future)

You can do it, buddy.

Sai ram
Being a fxtrader is not easy. Ones must working hard.
  • #2,134
  • May 28, 2015 6:42am May 28, 2015 6:42am
Quoting sriloba
{quote} Hi Verified, If your daily goal is 20 pips and EU is your girlfriend then you have to take care of her sometimes 2 trades. Because EU will retrace most of the time after 18 to 24 pips in the normal condition (no big news in the near future) You can do it, buddy. Sai ram
Hi Sai Ram

EURUSD is not my girlfriend and my daily goal would be around 40 pips, whenever possible. But I monitored her closely and I know what she is doing when she leaves the house . Hard for me to know as much about any other pair.

Cheers, verified.
  • #2,135
  • May 28, 2015 6:55am May 28, 2015 6:55am
Quoting verified
{quote} Hi Sai Ram EURUSD is not my girlfriend and my daily goal would be around 40 pips, whenever possible. But I monitored her closely and I know what she is doing when she leaves the house . Hard for me to know as much about any other pair. Cheers, verified.


I have made a big mistake I hope you don't mind.

For the POST#2131

I saw in the forum there is a stochastic with the 2 lines show the ob/os by color. When the ob/os is resumed at that moment we want a signal from stoch. So here we are talking about the momentum. Timing is very important in entry point. If you can design the stoch like the way you have mentioned it will be amazing.

Wow! When IT MAN shows his idea I always want to see the product.




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #2,136
  • May 28, 2015 7:00am May 28, 2015 7:00am
Quoting sriloba
{quote} I have made a big mistake I hope you don't mind. For the POST#2131 I saw in the forum there is a stochastic with the 2 lines show the ob/os by color. When the ob/os is resumed at that moment we want a signal from stoch. So here we are talking about the momentum. Timing is very important in entry point. If you can design the stoch like the way you have mentioned it will be amazing. Wow! When IT MAN shows his idea I always want to see the product. Sai Ram
Thanks, Sai Ram. I'll look at it tomorrow and let you know, try to catch some sleep now.

CU, Verified
  • #2,137
  • May 28, 2015 7:03am May 28, 2015 7:03am
Quoting verified
{quote} Hi Sai Ram EURUSD is not my girlfriend and my daily goal would be around 40 pips, whenever possible. But I monitored her closely and I know what she is doing when she leaves the house . Hard for me to know as much about any other pair. Cheers, verified.
Howdy Verified,
40 pips is certainly obtainable per day per Broker and when compounded over 12 months will buy many Christmas Presents.
Regards,
Ronald
Ronnie Renko
  • #2,138
  • May 28, 2015 7:13am May 28, 2015 7:13am
Quoting Ced74
{quote} Howdy Verified, 40 pips is certainly obtainable per day per Broker and when compounded over 12 months will buy many Christmas Presents. Regards, Ronald
If you trade GY and EY for 40 pips a day it is very possible the goal is reached.

I like to trade GU and EY 90% of the time during the European session and EY in NY session.

This is my preference and I don't why. Maybe it is just a feeling .


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #2,139
  • May 28, 2015 7:22am May 28, 2015 7:22am
Sometimes, I want to alert a signal just GU and EY in this thread. But my responsability is very very big. I will support the stress.

But I decide to do it this friday during the European session from midnight to 5 am ET.

Now it's up to you if you decide to go with my alert. I do it just to alert your attention.

But you feel free to trade others pairs as well.

Stay tuned !!



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #2,140
  • May 28, 2015 7:23am May 28, 2015 7:23am
Quoting sriloba
{quote} If you trade GY and EY for 40 pips a day it is very possible the goal is reached. I like to trade GU and EY 90% of the time during the European session and EY in NY session. This is my preference and I don't why. Maybe it is just a feeling . Sai Ram
Hi Sai,
I have 5 main pairs on one screen as primary pairs and watch another 6 pairs which I consider to be my secondary pairs and only watch these during the New York Session.40 pips to me is absolute minimum Target....Helps to keep me out of mischief
Ronald
Ronnie Renko
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