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My Scalping Trade

Discussion in 'Jurnal Trading' started by mutenext, 21 Aug 2018.

  1. JK1368

    JK1368 Member Credit Hunter

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    result..:ok:
    HeatMap-CADJPY.jpg
     
  2. MONIRBD

    MONIRBD Member Credit Hunter

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    Hi Hemmy,I am not clear to me.Please Clear me.It has two lines.One is Horizontal and another is vertical.Which Line we can count 1st ? Vertical or Horizontal. Please clearify me.
    Sometimes, Horizontal Line has 2/3 pairs are Read and sometimes Vertical lines has 2/3 Pairs are Blue.So which Line 1st Count ?
     
  3. dtrader

    dtrader Member Credit Hunter

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  4. hemmy

    hemmy Active Member Credit Hunter

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  5. hemmy

    hemmy Active Member Credit Hunter

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    how did you use it?? when red line cross yellow then open trade?
     
  6. dtrader

    dtrader Member Credit Hunter

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    Either you watch vertical line or horizontal it doesnt matter.
    Its easier if you just look HORIZONTAL line. If you see USD all GREEN on all or most pairs, that mean USD is good to BUY. RIGHT?

    HORIZONTAL - GREEN -BUY USD

    ok! So now we have GBPUSD and USDJPY, what do we do?
    At the moment we are just considering USD beeing bullish but on the chart we will have to consider how GBP and JPY are.

    So USD is Bullish. in the pair USDJPY we are buying the pair. We buy USD because its bullish, so WE BUY THE PAIR.
    And, GBPUSD, what we do? USD is strong... If we buy GBPUSD we are buying GBP, so we are selling USD. But USD is strong so we must do the oposite... SELL GBP and BUY USD ---> SELL GBPUSD

    Did you get it?

    AAA - Green Horizontal (strong buy AAA) --> BUY AAAXXX; SELL XXXAAA
    AAA - Red Horizontal (strong sell AAA) --> SELL AAAXXX; BUY XXXAAA
     
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  7. hemmy

    hemmy Active Member Credit Hunter

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    please read all previous post specially Dtrader post.. he explained it very clearly
     
  8. lia786

    lia786 Well-Known Member Credit Hunter

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    this is not as simple as it looks
    have to judge following scanario
    1. Currency pair ready to fire
    2.already fired
    3.Position of currency pair i mean it already touched weekly/monthly/daily support or resistance and try to break it.

    if pair already fired and its just ready to rebound and we open a wrong trade it will kill all of our profit.

    upload_2018-9-3_22-28-7.png



     
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  9. lia786

    lia786 Well-Known Member Credit Hunter

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    here strategy full explanation
    upload_2018-9-3_22-38-28.jpeg
     
  10. Bobzee

    Bobzee Member Credit Hunter

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    Yes you are absolutely right here, because of pull backs,retracements, and reversals.There is need to confirm with other trading tools before entry.
     
  11. Bobzee

    Bobzee Member Credit Hunter

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    5/5,
    This is my review for this thread:
    Good strategy
     
  12. kendo58

    kendo58 Member Credit Hunter

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    Do you use any indicator for entry?
     
  13. dtrader

    dtrader Member Credit Hunter

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    Lia, this is very very good observation. I already thought of it as i had a similar strategy using CCI which was giving same entrys as this. Problem was the suport/resistance. Those are very bad entry points as the market bouce back a lot of times. So i started using fxr_sr_zones3.10 indicator to show me exacta SR lines.
    I´m at the process of building EA based on this strategy with a limitation of number of trades/hour and an exclusion from S/R Lines.
    You spot the problem very well.. i was just a bit ahead :)
     
    • Like Like x 1
  14. Martin Reher

    Martin Reher New Member Credit Hunter

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    True. You need S/R and something to indicate proper price action. I use GMMA to solve this problem.
     
  15. rikyu

    rikyu Member Credit Hunter

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    my stoploss / close position

    after pair > +/- 0.45% and after ( 1 - 5 minute) bid ratio pair down to +/- 0.39% = close open position
     
  16. MONIRBD

    MONIRBD Member Credit Hunter

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    @Dtrader,Thanks a lot for Clearify me.Excellent your Idea.Go Ahead.Allah Hafez.
     
  17. hemmy

    hemmy Active Member Credit Hunter

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    hi i just found these two indicator on forexfactory how is it?
     

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  18. rikyu

    rikyu Member Credit Hunter

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    make simple system bro ...
    dont use other indicator

    this system is super simple :)

    example :
    EUR : Horizontal line GREEN = buy pair EURxxx

    when to BUY ?

    after bid ratio > +/- 0.45%
     
    Last edited: 04 Sep 2018
  19. hemmy

    hemmy Active Member Credit Hunter

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    EUR is red plz check it
     
  20. rikyu

    rikyu Member Credit Hunter

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    EUR : Horizontal line RED = SELL pair EURxxx

    when to SELL ?

    after bid ratio > +/- 0.45%
     
    • Optimistic Optimistic x 1

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