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Scalping Revival

  • #121
  • Mar 21, 2017 12:18pm Mar 21, 2017 12:18pm
I disagree...

If you are a part time trader. The more you need to scalp.

If you work for 8 hours. You just need to wait for a setup when you dont have work.

And it takes you just an hour to get some profit from scalp.

The misconception is overtrading.
You only need 1 winning trade a day. Set your sl and tp and leave.

I recommend you use m15 entries. Only 1 to 2 trades a day in your free time. Provided that there is a setup. No setup means no trade.
  • #122
  • Mar 21, 2017 12:20pm Mar 21, 2017 12:20pm
Quoting dolarbill
{quote} camry, do you trade mostly H1, H4 or M15? this setup work better on what time frame? I have a full time job but i trade in my free time, so i'm thinking in using the h1 or h4 time frame, what's your advice for me?
See my last post
  • #123
  • Mar 22, 2017 1:51am Mar 22, 2017 1:51am
good day folks
  • #124
  • Mar 22, 2017 2:07am Mar 22, 2017 2:07am
H1 long setup on EU
  • #125
  • Mar 22, 2017 2:15am Mar 22, 2017 2:15am
This was my short setup on USDJPY H4 (H4 means holding the trade longer)
Now +100Pips

Attached Image (click to enlarge)
Click to Enlarge Name: CAMRY 2.PNG Size: 26 KB
  • #126
  • Mar 22, 2017 6:06am Mar 22, 2017 6:06am
Quoting camry
This was my short setup on USDJPY H4 (H4 means holding the trade longer) Now +100Pips {image}
You could have averaged in another order on the pullback following your entry
  • #127
  • Mar 22, 2017 6:46am Mar 22, 2017 6:46am
Quoting camry
This was my short setup on USDJPY H4 (H4 means holding the trade longer) Now +100Pips {image}
quite a large scalp 100pips
normally i look for 5
  • #128
  • Mar 22, 2017 9:04am Mar 22, 2017 9:04am
UJ still holding long scalp
Risk comes from not knowing what you're doing.
  • #129
  • Mar 22, 2017 9:24am Mar 22, 2017 9:24am
Killer trade, Camry - you nailed it
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  • #130
  • Mar 23, 2017 4:33am Mar 23, 2017 4:33am
Hi to all,

Just installed this system and have a couple of questions to ask:

How can I adjust the size and spacing of the strength meter? Currently all currencies are squeezed together and very hard to read. Please refer to attachment.

How can I change the candles to the traditional green / red bars?

Thanks all

May the pips be with y'all
Attached Image (click to enlarge)
Click to Enlarge Name: 屏幕快照 2017-03-23 下午5.31.34.png Size: 126 KB
  • #131
  • Mar 23, 2017 6:40am Mar 23, 2017 6:40am
Quoting ChicagoRob
{quote} You could have averaged in another order on the pullback following your entry
InterestingDo you mean pyramiding
  • #132
  • Mar 23, 2017 8:37am Mar 23, 2017 8:37am
Quoting zalbu
{quote} InterestingDo you mean pyramiding
Entry criteria for the second setup were identical to the first, so it would have been a good time
to put another position on the table. If it were me, I would have added another trade the same
size as the first.
  • #133
  • Mar 23, 2017 9:12am Mar 23, 2017 9:12am
I doubt this has anything to do with scalping. Daytrading at best.

Nice thread though!
Be water, my friend
  • #134
  • Mar 23, 2017 9:58pm Mar 23, 2017 9:58pm
Quoting spocktrader
I doubt this has anything to do with scalping. Daytrading at best. Nice thread though!
Its good for scalping too. Use on lower tf.
  • #135
  • Mar 24, 2017 2:41am Mar 24, 2017 2:41am
Quoting imsron
Hi to all, Just installed this system and have a couple of questions to ask: How can I adjust the size and spacing of the strength meter? Currently all currencies are squeezed together and very hard to read. Please refer to attachment. How can I change the candles to the traditional green / red bars? Thanks all May the pips be with y'all {image}
there are no inputs for the sizes. I guess you need to get used to the small size
  • #136
  • Mar 24, 2017 3:23am Mar 24, 2017 3:23am
Hi,
first of all I want to say thank you very much to the Camry for posting this strategy, I needed money as soon as possible and the money is very important to me. This strategy is the right strategy for my situation. Thank you.

Quote

  1. FFx Currency Strength Meter confirms the pair

Second, I have a question about the rules.
Does that mean the relevant currency is stronger / weaker than each other?
  • #137
  • Mar 24, 2017 7:01am Mar 24, 2017 7:01am
I'm not sure if FOREX is the answer to "needing money ASAP". If you're looking to win it big, you're gambling. It's the wrongest mindset for this craft. You'll only survive if you view FOREX as an investment with proper risk management.
Everything you can imagine, is real - Pablo Picasso
  • #138
  • Mar 25, 2017 8:15am Mar 25, 2017 8:15am
Quoting camry
System is based from TMT Scalping System with modified rules and added filters {file} DIFFERENCE Mostly M15, H1 or H4 timeframes Added Trend Filter to filter false signals Added FFX Currency Strength Meter to find best pairs to trade BUY RULES {file} Daily candle is Green FFx Currency Strength Meter confirms the pair All histograms are Green Technical Uptrend (Yellow Moving Average is BELOW Blue Moving Average) Pullback in the Moving Average Draw a downward trend line on the pullback - BUY WHEN IT BREAKS THE TREND LINE BUY EXAMPLE {image} SELL RULES...
What rules do you use to install SL and TP?
  • #139
  • Mar 26, 2017 10:24pm Mar 26, 2017 10:24pm
Good day tradera
  • #140
  • Mar 26, 2017 10:48pm Mar 26, 2017 10:48pm
New here. Sorry to ask but any of the histrograms repaint?
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