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  • #4,261
  • Dec 7, 2015 6:26am Dec 7, 2015 6:26am
dax...-11[blew that entry]...+21,23,21,23,23,23....in at support and macd bouncing off OS...thought i would be clever and close at fib 61.8 and stochs OB....should have waited for macd to peak.....happy with the entry...and the pips
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  • #4,262
  • Dec 7, 2015 6:36am Dec 7, 2015 6:36am
Quoting PhilippineFX
dax...-11[blew that entry]...+21,23,21,23,23,23....in at support and macd bouncing off OS...thought i would be clever and close at fib 61.8 and stochs OB....should have waited for macd to peak.....happy with the entry...and the pips {image}
Curious to know why you place multiple orders around the same price, instead of a single order with the equivalent number of lots?
  • #4,263
  • Dec 7, 2015 7:17am Dec 7, 2015 7:17am
imho eu bottom channel is helping some nice correction on dax
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dax 30
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nescentia necat
  • #4,264
  • Dec 7, 2015 7:23am Dec 7, 2015 7:23am
Quoting PhilippineFX
dax...-11[blew that entry]...+21,23,21,23,23,23....in at support and macd bouncing off OS...thought i would be clever and close at fib 61.8 and stochs OB....should have waited for macd to peak.....happy with the entry...and the pips {image}
there was a nice div on that 3 top on your chart, that would have allowed you to ride well that pb,
btw, nice result mate
nescentia necat
  • #4,265
  • Dec 7, 2015 9:08am Dec 7, 2015 9:08am
closed all shorts @10880--> 0.38@10875
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nescentia necat
  • #4,266
  • Dec 7, 2015 9:46am Dec 7, 2015 9:46am
Quoting friska
imho eu bottom channel is helping some nice correction on dax {image} dax 30 {image}
nice eu up move
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nescentia necat
  • #4,267
  • Dec 7, 2015 12:13pm Dec 7, 2015 12:13pm
My one small contribution today. I have been up to my knees in mud all day, our water main burst last night, not how I envisioned spending my day.
Any way, contributing a little some thing to the scalping conversation, for relaxation purposes I was having a look at this 2 line Macd indicator, when I noticed some thing!!
There are 3 aids on the chart to identifying scalp entries, none of them are clearly marked because I am feeling devilish.
Can you spot them? (This reminds me of Bill and Ben the Flower Pot Men, or for the Americans, Sesame Street.)
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Cut your Losers short and let your Winners run.
  • #4,268
  • Dec 7, 2015 12:30pm Dec 7, 2015 12:30pm
Quoting dee50
My one small contribution today. I have been up to my knees in mud all day, our water main burst last night, not how I envisioned spending my day. Any way, contributing a little some thing to the scalping conversation, for relaxation purposes I was having a look at this 2 line Macd indicator, when I noticed some thing!! There are 3 aids on the chart to identifying scalp entries, none of them are clearly marked because I am feeling devilish. Can you spot them? (This reminds me of Bill and Ben the Flower Pot Men, or for the Americans, Sesame Street.)...
I see what i want to see.lol
MACD cross, stoch cross or 50 level. price under or above MA. Did i pass?
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Energy, frequency and vibration.
  • #4,269
  • Dec 7, 2015 12:39pm Dec 7, 2015 12:39pm
Quoting drammen
{quote} I see what i want to see.lol MACD cross, stoch cross or 50 level. price under or above MA. Did i pass? {image}
2 out of 3. 50 level not relevant. MA relevant but for another reason. lets see what any one else comes up with.
Cut your Losers short and let your Winners run.
  • #4,270
  • Dec 7, 2015 1:32pm Dec 7, 2015 1:32pm
Quoting dee50
{quote} 2 out of 3. 50 level not relevant. MA relevant but for another reason. lets see what any one else comes up with.
Dee, it looks like Stochastic is in OS or OB and if it decides come back from OS/OB you waits for confirming on MACD (cross lines), so 2 signals to enter. And third signal could be PA - lot of that entries are in divergence, or BRN/Fib and S/R
  • #4,271
  • Dec 7, 2015 1:36pm Dec 7, 2015 1:36pm
Quoting Matomi
{quote} Dee, it looks like Stochastic is in OS or OB and if it decides come back from OS/OB you waits for confirming on MACD (cross lines), so 2 signals to enter. And third signal could be PA - lot of that entries are in divergence, or BRN/Fib and S/R
2 out of 3.
Think "Jaquemate".

But yes both you and Drammen were correct, there are a whole load of other things that could also be brought into the analysis that could provide additional filters if required.
Cut your Losers short and let your Winners run.
  • #4,272
  • Dec 7, 2015 1:43pm Dec 7, 2015 1:43pm
OK folks it is 20.45 CET here. I am closing down, continue this tomorrow.
Cut your Losers short and let your Winners run.
  • #4,273
  • Dec 7, 2015 2:07pm Dec 7, 2015 2:07pm
Quoting dee50
{quote} 2 out of 3. Think "Jaquemate". But yes both you and Drammen were correct, there are a whole load of other things that could also be brought into the analysis that could provide additional filters if required.
You mean "Jaquemate" like this ?
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  • #4,274
  • Dec 7, 2015 2:19pm Dec 7, 2015 2:19pm
Quoting Matomi
{quote} You mean "Jaquemate" like this ? {image}
Yep, that's how I see it.
  • #4,275
  • Dec 7, 2015 3:02pm Dec 7, 2015 3:02pm
Quoting PhilippineFX
dax...-11[blew that entry]...+21,23,21,23,23,23....in at support and macd bouncing off OS...thought i would be clever and close at fib 61.8 and stochs OB....should have waited for macd to peak.....happy with the entry...and the pips {image}
Hi PhilippineFx,

You are doing great and I´m learning a lot with your posts, thank You! I suggest You in this case, close half of the positions to lock in profits and let the others
to follow the market (let your prodits run), like you sad, wait the macd to peak or one red candle. This thread is getting better day after day.
  • #4,276
  • Dec 7, 2015 3:12pm Dec 7, 2015 3:12pm
Back in June I had a short conversation about scalping with Dee that changed my life.....these were his simple instructions for me. In hindsight the most important point was the last one. """To start don't do any thing, just observe, and you will start to see the pattern""....I had a strong feeling this part was critical so I "observed" for almost 2 months. Not a single scalp. At first i simply drew fibs and divergences everywhere along with S&R lines . Week bye week it got clearer and clearer......what I was teaching myself was not trading but rather Price Action.
People if you do not come to grips with PA you will at the very least struggle[like I did for so long] or at worse fail.
Best of luck
M


http://assets.forexfactory.net/nfs/c...ar147504_3.gif dee50
RE: Dax...a chart is a chart is a chart....

  1. Jun 25, 2015 9:24pm
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Scalping the DAX or the EU is a completely different ball game and would require a separate thread to explain and I really do not want to get involved in some thing that time consuming. One of the best ways of scalping is to observe the Price Cycles, use an oscillator like the stochs then watch how price moves from OB to OS and vice versa you will see how many bars it takes, on average, to get from OB to OS, with Renkos you know exactly how many pips that takes, from that work out how many pips to scalp for in each cycle. I use a combination of the 10 pip chart and 5 pip chart. I do incorporate Div, BRNs S&R and Fibs.

To start don't do any thing, just observe, and you will start to see the pattern

  • #4,277
  • Dec 7, 2015 3:17pm Dec 7, 2015 3:17pm
Quoting CarlWinner
{quote} Hi PhilippineFx, You are doing great and Im learning a lot with your posts, thank You! I suggest You in this case, close half of the positions to lock in profits and let the others to follow the market (let your prodits run), like you sad, wait the macd to peak or one red candle. This thread is getting better day after day.
Thx ...thats a good point....in the hectic flurry of a scalp its difficult to see the obvious sometimes....i will add that to the quiver and split the profits with you
  • #4,278
  • Dec 7, 2015 10:44pm Dec 7, 2015 10:44pm
Interesting opinions from all of you, always trying to keep an open mind.
  • #4,279
  • Dec 8, 2015 12:34am Dec 8, 2015 12:34am
Quoting dee50
{quote} 2 out of 3. 50 level not relevant. MA relevant but for another reason. lets see what any one else comes up with.
Dee, is it the 5 MA which is the 3rd piece in the puzzle !
  • #4,280
  • Dec 8, 2015 1:36am Dec 8, 2015 1:36am
Quoting dee50
OK folks it is 20.45 CET here. I am closing down, continue this tomorrow.
Hojala que no demasiado temprano - mañana tenemos otra fiesta - 8 Diciembre Día de la Inmaculada Concepción.....
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