My Scalping Trade

[kendo58]

From my experience in similar strategies, i doubt any good indicator would be of use. What makes the price bounce after a big speed in one direction is S/R. Lia hit the spot correctly.

Just wait for the thread starter to show his indicators first before you conclude.

 

[MONIRBD]

yes bro ...



its right ...

iam late entry for this moment ... hahahha

Hi Rikyu,When I have attached the Indicator it Show Leftside only Vertical but you attacht screenshort and its shows as Horizontal.Pls attached right Indicator.How can I attached chart and shows as your Horizotal.Pls help me.

 

[JK1368]

I dont think Mutenext mentioned any indicators. Where is Mutenext in this discussion anyway?

Please see post [HASHTAG]#82[/HASHTAG].

 

[mutenext]

Hi, Guys
Last week was business trip.
I am really glad you guys have discuss about this strategy.
Already you know two indicators.

Ok. How we can avoid stoploss?

First, Use S/R, when trade set up comming check always support and resistance.
It don't care any s/r indicator. I recomand " II supdem v.2.32 "
Set up comming check how near S/R, If there are not enough more 5pips, I am not open position.

Second, actually it is not indicator be carefull "Round Number" ex) 1.22400, carefull each hundred number.
When price touch such a number, it move against direction or spike.

P.s : I started providing signalat Zulutrade for who can not understand and how this strategy doing.
But really good thing is make your own.
Sorry I am not good at English.

https://en.zulutrade.com/trader/375107

 

[mutenext]

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.

View attachment 54936

Really Good Bro, Keep going, Trust your direction!

 

[rikyu]

Hi Rikyu,When I have attached the Indicator it Show Leftside only Vertical but you attacht screenshort and its shows as Horizontal.Pls attached right Indicator.How can I attached chart and shows as your Horizotal.Pls help me.

i recomended to understand

mutenext rules before using any indicator

 

[mutenext]

i recomended to understand

mutenext rules before using any indicator

Yes, you can using any indicator, trade before check heat map, which direction is correct.

 

[kendo58]

Yes, you can using any indicator, trade before check heat map, which direction is correct.

what timeframe do you use the supdem indicator on?

 

[kendo58]

Hi, Guys
Last week was business trip.
I am really glad you guys have discuss about this strategy.
Already you know two indicators.

Ok. How we can avoid stoploss?

First, Use S/R, when trade set up comming check always support and resistance.
It don't care any s/r indicator. I recomand " II supdem v.2.32 "
Set up comming check how near S/R, If there are not enough more 5pips, I am not open position.

Second, actually it is not indicator be carefull "Round Number" ex) 1.22400, carefull each hundred number.
When price touch such a number, it move against direction or spike.

P.s : I started providing signalat Zulutrade for who can not understand and how this strategy doing.
But really good thing is make your own.
Sorry I am not good at English.

https://en.zulutrade.com/trader/375107

what timeframe do you use the supdem indicator on?

 

[mutenext]

what timeframe do you use the supdem indicator on?

1hour time frame.
But it doesn't care, just check your trading time frame.

 

[lia786]

congratulation mutenext your strategy accurate and good one

 

[kendo58]

1hour time frame.
But it doesn't care, just check your trading time frame.

ok. thanks

 

[rikyu]

I am not selling anything. Just telling you how I trade. Yes trade for 4~5hours in day. But only check every 50minutes which one is strong pair.
So not boring.
You can google forex heatmap indicator or website. Then news comming you can see which one is strong and weak. That s it. Just trade one or two pairs in a day. Then you can get more than 10pips. 10pips are enough profit. Use money management. It is very easy strategy.

When I go back home. I will tell you detail.

Hi. Last week was my summer vacation. I didn't post detail, but enjoy time with my family.

As I said. you can find forex hit map.

There are so many website showing currently strong and weak pairs. Every famous brokers providethis map.

ex) https://www.tradingview.com/markets/currencies/cross-rates-overview-heat-map/

At this moment we have no news but you can see audjpy, eurjpy are +,- over 0.3%.

https://s8.postimg.cc/91fx1b5k5/fhm.png

Now you know which pair is really moving. But 0.3% is not enough to me.

You got the answer now. When news comming before 5mins observe hit map.

I usually take 5pips and trailing stop 3~5pips. Sl is 50pips or for long time(over 5 hours) did not move to my direction I close position.

Good luck!

quote the rules again

 

[Yoshibomb]

haven't seen any setups till now

 

[Martin Reher]

P.s : I started providing signalat Zulutrade for who can not understand and how this strategy doing.
But really good thing is make your own.
Sorry I am not good at English.

https://en.zulutrade.com/trader/375107

I will follow.

 

[dtrader]

Here is a clear exemple guys. Trade taken by EA according to HeatMap rules. The market bouced back with a loss.
That trade was taken on support level. So, definitly we need to avoid it.

Usually a big movement in the direction of a support/resistence its banks and institucionals cleaning all the money placed on stops. BEAWARE!

 

[dtrader]

SupDem v2.34 Nice indicator. I´ll use it. Thankx Mutenext for showing.

 

[MONIRBD]

rikyu, Thanks a lot for quick response.I am very glad and make me uderstand about this system and Provide me right Indicator.May you be live long.Allah Hafez.

[/QUOTE]

 

[lia786]

i did not find such accuracy in my life

 

[lia786]

if anybody want to see live update and want to follow here is myfxbook link

myfxbook.com/portfolio/tickmill/2632389