Scalping Strategy

[Atomised]

Hi Rollingstone

All sounds tempting alright i usually like to wait for the 5 min charts to diverge to confirm the divergence on 1 mins if u know what i mean ? Will keep an eye out tomorrow see what happens. Remember trying to trade 1 min charts months ago getting very fustrated problem was i didn't underst divergence which meant i was making stupid decisions least now i'm starting to grasp it

[Tzachi]

Atomised

Open a 1 min chart put on it 20 ema cci adx if u want slow stoch' 25/5/5 That all.

Now look back see how many times what happened when cci cross the zero line your slow stoch was in over the 80 or under 20.
How many trades u could get for 5-10pips a trade in avery short time.

20 ema just to see teh direction of the market.

I use the adx for exit not for enrty.

Try it.

tzachi.

[rollingstone]

Lovely examples of "second wave" trades this evening if you missed the start of the solid move down.

Pull up a 1 minute chart of GBPUSD add a 40 green ema a 60 white ema a 80 red ema this is what I call the roadway when you can clearly see the middle white line you know you are in a solid trend.

Add a simple 25 period Aroon strench the chart so the scale is 50 pips top to bottom of the screen this way you can really see trends.

Change to heikin-ashi cles you can now see 3 obvious places to enter the trend when you have a new aroon 100 a ne leg of the down heikin-ashi. Look at 17.33 18.09 19.07 BST.

Any one of these would have got you into a nice move anywhere 20 pips on the first to 40 on each of the subsequent 2 unless of course you rode the roadway all the way down.

[rollingstone]

Heres a chart I've had to squash it to get the entire move on but I normally watch the 1 minute chart on a fixed 50 pip scale so as to get a good feel for the strength of any moves.

This is a cut down chart with some indicators taken off to make it easy to see simple but you get the idea.

This type of trade occurs fly regularly is ideal if you happen to miss the start of a big intraday move.

There have been some nice on all the USD crosses the past few days especially GBPUSD.

[Atomised]

Rollingstone

Thanks for your efforts there i'd a different idea for scalping which was to use trend lines to get the trend or a trend break use divergence to find out when the trend is changing or continuing. Ok i'm writing this out thinking it's not gonna make sense so i've attached a chart to show what i mean. The arrows on the indicators represent the divergence. On this example i was thinking the second touch on 1.8225 would be a good entry cos of the trendline break divergence. Not sure how to use the Aroon thingy so not too keen on adding it to charts.

Tzachi

Thanks for sharing your ideas too just that Adx i've never got to grips with so not too keen on adding that to charts either no offence.

Think the main thing is find something that works for u something your comfortable trading with

[Tzachi]

Atomised

You said " Think the main thing is find something that works for u something your comfortable trading with "

YOU GOT IT !!!!!!

[TR]

Tzachi
Do you think your method could be automated i.e. do you follow the indicators implicitly or do you use a lot of discretion for opens? I realize you close with much discretion but if just your opens are highly mechanical then I'd like to try automating this for MT3 if you'd be interested in helping me pin down exact entry rules.

- TR

[Atomised]

Hi all

I'm just wondering probably going a bit off track here but well has any "system" ever been truely automated successully ? Just seems to be good too to be true having a system that u just set up leave watch the money roll in if this was possible wouldn't everyone be doing it ?