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Atheer's scalping method 1

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  • Post #81
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  • Mar 30, 2016 11:24am Mar 30, 2016 11:24am
  •  Jbomb21990
  • | Joined Feb 2005 | Status: Member | 108 Posts
Quoting guilherme
Disliked
Sorry again. the alerts were one candle late. Now its ok. {file}
Ignored
Great! Thanks!
 
 
  • Post #82
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  • Mar 30, 2016 11:25am Mar 30, 2016 11:25am
  •  atheer1
  • Joined Oct 2006 | Status: Member | 4,056 Posts
Quoting Jbomb21990
Disliked
{quote} Great! Thanks!
Ignored
your work is greatly appreciated
keep in mind that the filtered indicator omit a lot of good trades in between the bb extremes
we will come to how to identify them
atheer1
 
 
  • Post #83
  • Quote
  • Mar 30, 2016 11:37am Mar 30, 2016 11:37am
  •  Juan007
  • Joined Aug 2012 | Status: Member | 1,275 Posts
filter candle size=3



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  • Post #84
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  • Mar 30, 2016 11:41am Mar 30, 2016 11:41am
  •  atheer1
  • Joined Oct 2006 | Status: Member | 4,056 Posts
Quoting Juan007
Disliked
{image}
Ignored
atheer1
 
 
  • Post #85
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  • Mar 30, 2016 11:58am Mar 30, 2016 11:58am
  •  atheer1
  • Joined Oct 2006 | Status: Member | 4,056 Posts
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atheer1
 
 
  • Post #86
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  • Mar 30, 2016 12:06pm Mar 30, 2016 12:06pm
  •  atheer1
  • Joined Oct 2006 | Status: Member | 4,056 Posts
Note:

3rd and 4th candles closing one after the other of same color is good filter and good reversal trades entries
atheer1
 
 
  • Post #87
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  • Mar 30, 2016 12:25pm Mar 30, 2016 12:25pm
  •  atheer1
  • Joined Oct 2006 | Status: Member | 4,056 Posts
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atheer1
 
 
  • Post #88
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  • Mar 30, 2016 12:30pm Mar 30, 2016 12:30pm
  •  MasterGuru
  • | Commercial Member | Joined Jan 2015 | 968 Posts
How about closing profitable trades with a new opposite direction signal...?

It would provide a good R:R by closing out losers fast and letting winners run...
 
 
  • Post #89
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  • Mar 30, 2016 12:39pm Mar 30, 2016 12:39pm
  •  atheer1
  • Joined Oct 2006 | Status: Member | 4,056 Posts
Quoting MasterGuru
Disliked
How about closing profitable trades with a new opposite direction signal...? It would provide a good R:R by closing out losers fast and letting winners run...
Ignored
I am not a fan of this way of trading............
AS early signals in the right direction can be taken for more than 10 pip some in the experienced hand can be taken for 100s.........
So I see this way as cutting your profit not cutting your loss reversal of losses is better way
May be you can convince me if you have a back test of your idea
In general if i took a trade i will wait for 10 pips distance to be taken or i will exit by some trailing stop usually i will wait for chosen direction until the move is fading
atheer1
 
 
  • Post #90
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  • Mar 30, 2016 12:47pm Mar 30, 2016 12:47pm
  •  MasterGuru
  • | Commercial Member | Joined Jan 2015 | 968 Posts
Quoting atheer1
Disliked
{quote} I am not a fan of this way of trading............ AS early signals in the right direction can be taken for more than 10 pip some in the experienced hand can be taken for 100s......... So I see this way as cutting your profit not cutting your loss reversal of losses is better way May be you can convince me if you have a back test of your idea In general if i took a trade i will wait for 10 pips distance to be taken or i will exit by some trailing stop usually i will wait for chosen direction until the move is fading
Ignored
The idea was based on my observation of potential trades shown on your screenshots.
 
 
  • Post #91
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  • Mar 30, 2016 12:52pm Mar 30, 2016 12:52pm
  •  atheer1
  • Joined Oct 2006 | Status: Member | 4,056 Posts
For me its obvious but some beginner traders can be burned


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atheer1
 
 
  • Post #92
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  • Mar 30, 2016 12:57pm Mar 30, 2016 12:57pm
  •  atheer1
  • Joined Oct 2006 | Status: Member | 4,056 Posts
Quoting MasterGuru
Disliked
{quote} The idea was based on my observation of potential trades shown on your screenshots.
Ignored
yes I see
chart 176 show an example that if you trade in such way you will give your money to the broker
atheer1
 
 
  • Post #93
  • Quote
  • Mar 30, 2016 3:00pm Mar 30, 2016 3:00pm
  •  atheer1
  • Joined Oct 2006 | Status: Member | 4,056 Posts
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atheer1
 
 
  • Post #94
  • Quote
  • Mar 30, 2016 3:53pm Mar 30, 2016 3:53pm
  •  atheer1
  • Joined Oct 2006 | Status: Member | 4,056 Posts
Here is my second scalping method enjoy...............

Attached File(s)
File Type: docx Atheer's scalping method 2.docx   10 KB | 547 downloads
atheer1
 
 
  • Post #95
  • Quote
  • Mar 30, 2016 4:06pm Mar 30, 2016 4:06pm
  •  IndexScalper
  • | Joined Apr 2015 | Status: Member | 77 Posts
Hi there, just to say your ideas are very impressive and thanks. I will keep reading and seeing what you are saying.
 
 
  • Post #96
  • Quote
  • Mar 30, 2016 4:16pm Mar 30, 2016 4:16pm
  •  nikki
  • | Joined Oct 2011 | Status: Member | 236 Posts
Thanks for sharing your very very nice methods !!!
But do you never ever sleep, haha ???

Regards nikki
 
 
  • Post #97
  • Quote
  • Mar 30, 2016 4:25pm Mar 30, 2016 4:25pm
  •  atheer1
  • Joined Oct 2006 | Status: Member | 4,056 Posts
Quoting nikki
Disliked
Thanks for sharing your very very nice methods !!! But do you never ever sleep, haha ??? Regards nikki
Ignored
little sleep but I can survive
atheer1
 
 
  • Post #98
  • Quote
  • Mar 30, 2016 4:34pm Mar 30, 2016 4:34pm
  •  yorkshirelad
  • | Joined Jul 2014 | Status: Member | 250 Posts
ok I don't want to use the indicator coded until I understand the first concept. Ive read it all looked at all the examples but I just don't get it! Can someone please try explaining how we spot the 5 candles.
 
 
  • Post #99
  • Quote
  • Mar 30, 2016 4:49pm Mar 30, 2016 4:49pm
  •  atheer1
  • Joined Oct 2006 | Status: Member | 4,056 Posts
Attached Image (click to enlarge)
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atheer1
 
 
  • Post #100
  • Quote
  • Mar 30, 2016 4:55pm Mar 30, 2016 4:55pm
  •  atheer1
  • Joined Oct 2006 | Status: Member | 4,056 Posts
Quoting IndexScalper
Disliked
Hi there, just to say your ideas are very impressive and thanks. I will keep reading and seeing what you are saying.
Ignored
welcome
atheer1
 
 
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