30 to 50 pips a day in 3.5hrs.

[Wizard]

Originally Posted by cgrey

Based on the information you've provided so far (Rapid RSI, SMA 10/20/50), it looks like you are talking about the same or similar system that is posted under a thread entitled "GBP/JPY Scalpers" on Forex Factory. Is this the system you are referring to? Are you the same person that started this thread there back in Februrary? There's 150+ pages of discussion about this system there - I'm just curious if we're talking about the same system here?

The GBP scalper is my partner, he started the system. We trade together in a day trading room.

Wizard


PS where is rapid share?

[cgrey]

Originally Posted by Wizard

The GBP scalper is my partner, he started the system. We trade together in a day trading room.

Wizard


PS where is rapid share?

Great - that answers my question, thanks. Been following that thread for a few weeks now. Haven't had much success with it yet, but also haven't had much time to really devote to it. Many people in that thread have been reporting some successes with the strategy.

I don't use rapid share, but I think what you want is a wwwDOTrapidshareDOTcom

[Max99]

Originally Posted by Wizard

Hello Sweet Pip, I tried to upload the RSI through the "Manage attachment" window, I keep getting an invalid file message. The RSI is zipped , and that is how I had it uploaded in my MT4 stations, It works fine here but I can't upload it. I did use the upload tab.

If you can't upload it do you know of anywhere else we can get it? Thanks.

[Wizard]

Originally Posted by Max99

If you can't upload it do you know of anywhere else we can get it? Thanks.

Hi Max,

I don't see why I can't upload it, I guess I can email it to you if you contact me.

[Max99]

If anyone’s interested here’s the Rapid RSI indicator for Metatrader. I had to put it in a zip file so maybe that’s why Wizard couldn’t get it to work.

Wizard, can you give us a few details?

1. Do you use the New York close to calculate your pivot points?

2. I’m assuming you’re looking for a cross of the 3 SMA’s in the direction to want to trade. Or, for example, something I’ve noticed, for a short, if the 10 and 20 are still above the 50 but the latest bar is at the 50 and the 10 crosses the 20 you get a good entry signal.

3. How do you incorporate the fib’s in this system?

Thanks.

[Wizard]

Originally Posted by Max99

If anyone’s interested here’s the Rapid RSI indicator for Metatrader. I had to put it in a zip file so maybe that’s why Wizard couldn’t get it to work.

Wizard, can you give us a few details?

1. Do you use the New York close to calculate your pivot points?

2. I’m assuming you’re looking for a cross of the 3 SMA’s in the direction to want to trade. Or, for example, something I’ve noticed, for a short, if the 10 and 20 are still above the 50 but the latest bar is at the 50 and the 10 crosses the 20 you get a good entry signal.

3. How do you incorporate the fib’s in this system?

Thanks.

Thanks for the RSI Max.

The fibs are used for entry/exit points. The SMA, when they are staked up 50 on bottom 10 on top it is a bull stack and the reverse is a bear stack those are for confirmation of trend. Do not enter buy if below 50sma and sell if above, try to enter positions that are clear of the 50 sma . The system really works in high volume use the 5min chart anything above 5min add 50 pips for confirmation and 100 on 60 min. My partner has really mastered this system and he uses 3min charts successfully. Play around with it and see the best set ups, the instructions are for GJ , GBP/CHF and EUR/CAD but they work on all pairs.