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Atheer's scalping method 1

  • #21
  • Mar 29, 2016 7:49pm Mar 29, 2016 7:49pm
Quoting Basill
hmmm. So far all I see is cherry picking the past. I would like to see some "live examples in action. Also. You say no need for indicators but all your charts show bollinger bands.?
loss is unavoidable........but keep it small
this system will tell you once your stop is hit that you are trading the wrong direction.........at least for the current time
i posted yen trade at the the same time of its occurrence and it was a great winner see chart 165,166
in the same chart of that trade there were buy trades but i did not take them.......why because from my experience i know that the daily trend is changing down(below is a chart i posted earlier in my thread chart talk) were I alerted traders to this change...........
Even if you entered the wrong direction,if you stopped out then reassess the direction...............
this thread is meant for system discussion and not my trading journal................I faced the same problem in my other thread
you can demo the method and see for yourself
I have many techniques to scalp profitably
Scalping is my profession

Attached Image (click to enlarge)
Click to Enlarge Name: 160.png Size: 50 KB
atheer1
  • #22
  • Mar 29, 2016 7:56pm Mar 29, 2016 7:56pm
sell now on yen
atheer1
  • #23
  • Mar 29, 2016 8:26pm Mar 29, 2016 8:26pm
audusd sell setup

stoped
so audusd will go up for sometime
and trade reversal is one of the methods to deal with stop hit
atheer1
  • #24
  • Mar 29, 2016 8:34pm Mar 29, 2016 8:34pm
most of the times if the setup failed and stopped out and not reached 10 pip take profit it will reach that on the reverse side or at least you can take away the loss
atheer1
  • #25
  • Mar 29, 2016 8:49pm Mar 29, 2016 8:49pm
Attached Image (click to enlarge)
Click to Enlarge Name: 167.png Size: 69 KB
atheer1
  • #26
  • Mar 29, 2016 8:57pm Mar 29, 2016 8:57pm
Quoting maxwell-eqtn
{quote} I read it. It does not tell us how to determine the five candles. It says for example, " *** The last candle is forming the high of the last 5 candles *** The last candle is closing as bear candle *** Stop is above the high of the last candle *** Take profit is at least 10 pip" It does not tell us how to determine the last candle.
think like this
look at the current candle,and to the 4 candles to the left
see if the current candle is forming the high for those 5 candles
then see if the current candle will close red
pull the trigger sell

and the reverse for buy
atheer1
  • #27
  • Mar 29, 2016 9:10pm Mar 29, 2016 9:10pm
my fellow traders.......................
ask any question do not be shy..............
ask why when where what which how..........
I will answer when i have the time...........
atheer1
  • #28
  • Mar 29, 2016 9:19pm Mar 29, 2016 9:19pm
ok, so let´s start. It is easier for me to test something more visual. So i made a little indicator to test this strategy. What I see is that your pictures shows only the entries at a potential reversal point. Because looking at my indicator (please check if it´s following your rules) I see so many arrows ... showing the losses would eat the profits. Maybe you look at BBands or something else. From what i see a filter is missing if we just use the 5 bars rule.

So before going ahead with the indicator adding alerts and that stuff would be good to: first check if it´s correct. and second maybe add a filter.
Attached File(s)
File Type: ex4 Atheer scalp 1M.ex4   10 KB | 856 downloads
  • #29
  • Mar 29, 2016 9:20pm Mar 29, 2016 9:20pm
Quoting guilherme
ok, so lets start. It is easier for me to test something more visual. So i made a little indicator to test this strategy. What I see is that your pictures shows only the entries at a potential reversal point. Because looking at my indicator (please check if its following your rules) I see so many arrows ... showing the losses would eat the profits. Maybe you look at BBands or something else. From what i see a filter is missing if we just use the 5 bars rule. So before going ahead with the indicator adding alerts and that stuff would be good to:...
let me see
atheer1
  • #30
  • Mar 29, 2016 9:20pm Mar 29, 2016 9:20pm
that usdjpy sell came good for 10 pips..
  • #31
  • Mar 29, 2016 9:22pm Mar 29, 2016 9:22pm
Quoting KoiFish
that usdjpy sell came good for 10 pips..
which one of them
atheer1
  • #32
  • Mar 29, 2016 9:42pm Mar 29, 2016 9:42pm
Quoting guilherme
ok, so lets start. It is easier for me to test something more visual. So i made a little indicator to test this strategy. What I see is that your pictures shows only the entries at a potential reversal point. Because looking at my indicator (please check if its following your rules) I see so many arrows ... showing the losses would eat the profits. Maybe you look at BBands or something else. From what i see a filter is missing if we just use the 5 bars rule. So before going ahead with the indicator adding alerts and that stuff would be good to:...
Yes your indicator is good in spotting every setup.............
yes if you take every setup you may have a problem..............
but there are tricks to avoid that.............
we will come to them one by one.............
atheer1
  • #33
  • Mar 29, 2016 9:57pm Mar 29, 2016 9:57pm
The 1st trick:The 10s

*** Avoid taking multiple trades in opposite direction............
*** Avoid taking this in less than 10s or we can say in the same 10 zone............
*** Try to take trades matching the daily direction

I will post charts to illustrate this point
atheer1
  • #34
  • Mar 29, 2016 10:36pm Mar 29, 2016 10:36pm
Attached Image (click to enlarge)
Click to Enlarge Name: 168.png Size: 88 KB
atheer1
  • #35
  • Mar 29, 2016 10:52pm Mar 29, 2016 10:52pm
THE 2ND TRICK:BB EXTREMES

*** Take buy trades at the lower bb extreme and preferably when the price is getting out and returning sharply.......
*** Take sell trades at the upper bb extreme and preferably when the price is getting out and returning sharply.......
*** which way to choose depend on current and daily trend
*** when bb is widened is better than squeezed
atheer1
  • #36
  • Mar 29, 2016 11:01pm Mar 29, 2016 11:01pm
I will test this system in DEMO using the 1min chart as setup for the 5min Binary Options.
It looks good when the 5th bar is outside of the BBs !!
  • #37
  • Mar 29, 2016 11:07pm Mar 29, 2016 11:07pm
Quoting celestin2003
I will test this system in DEMO using the 1min chart as setup for the 5min Binary Options. It looks good when the 5th bar is outside of the BBs !!
OK testing is OK
atheer1
  • #38
  • Mar 29, 2016 11:20pm Mar 29, 2016 11:20pm
Here is a quick DEMO of using the 1min Chart for trading the 5min Binary Option:
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 29 KB
  • #39
  • Mar 30, 2016 12:20am Mar 30, 2016 12:20am
Lets say USDJPY is down on the daily. If we're in a sell trade already and we get another sell setup, should we also take that before the first trade closes. In the example below (in hindsight it came good) but it actually tagged the upper and lower Bollinger Band.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.jpg Size: 123 KB
  • #40
  • Mar 30, 2016 12:35am Mar 30, 2016 12:35am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 50 KB
Jakepuia
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