Mad Scalper

Hi janqie,

Would you please let me know which pic is correct for plotting the fib on M1 TF?

Thanks for helping :slight_smile:

Couple of problems

a) price is below the green ma
b) purple ma is below the green ma

rem the original rules and also apply to get better trades. Today I mad 186 pips from gu alone using this methodology.

Only buy when
a) 5 min confirms a buy
b) purple ma is above green ma
c) price closes and opens above purple ma
d) green ma is slanting up (if flat them stay out)

vice versa for sells

Good morning,
BL888 realy nice post and explanations thank you!
Its weary nice to hear that you are doing such proofits :slight_smile:
Sorry I could not join you this week becouse I’m teaching two of my friends about forex and it is in personal so I have not time now but I’m realy happy that you are in this threat!

Got two beutys in this morning :slight_smile:
First +20
Second +10
Got what I want today now gone to make up Sub2 explanations

Hello sam2vt welcome to the threat :slight_smile:

The right use of fibs is in first picture but it’s just you plotted it upside down

Hello guys
it’s me againg as I promised here is Substrategy 2 TF (trend friend)
I use basic sub to gain main proofits and take it as soon as it goes about 15 pips
in my direction.
this sub gives oportunity to catch monsters with #1 play.
First of all look at the picture

At the start of movement beutifull basic entry can seen everything is alright. But we got BE and
movement went to the downside for another 3 hours so if we use basic sub only we cant
trade for 3 hours and have to wait or play #1 with basic setup witch can sacrify lots
of trades in a long run trying to catch moves like this.
So what we can do?

1. If price is goin more than 40 pips in one direction we can expect no just
little pullback but long pullback witch can be seen on 5 min with few candles
went counter trend direction.
As in basic Sub first we look 5min tf witch will be traded on 1min
We must look at Mashki indicator.
In steady uptrend or down trend we
can see indicator sticks doing higher highs or lower lows.
When price is doing pullback Mashki also doing pullback and indicator makes
lower highs in uptrend and higher lows in downtrend.
In this case as long as we see mashki doing lower lows after candle close
we wait. But when we see higher low done after candle close we put the marker on it
and then switch timeframe to 1 min

2. After switching timeframe to 1min as in basic Sub we plot fibonacci indicator from start of the move till start of the pullback and watch if pullback gona be no more than 50% of trend move. Also pullback must
stay below 50Ema in downtrends and above 50Ema in uptrends.

3. Again after we get candle witch rejects pullback and switches color to
original move color we take the entry.
Stop must be placed 1 pip + spread abouve or below last high or low
BE must be placed when candle closes with more than 10 pips in profit

4. #1.

To play #1 corectly I have to watch higher highs or lower lows witch
forms after I enter the trade. I have to place my SL near every HH or LL to ride the trend untill it breaks it.
SL must be placed after every litle pullback is rejected by 8 or 10 pips
When we are in proofit for more than 40 pips we can tight up stop or take
it ride a way or what ever becouse again we can expect bigger pullback
witch can take us down.

After I’m out I switch timeframe to 5 min and again looking for next setups.
I saw proofits with this Sub from 40 to 100 pips with one single trade so
if perfectly played it can be great support in account growing :slight_smile:
Thats it guys its all I wanted to say for now. If you have questions please ask
I will answer a bit later.

Hey janqie,
ive been testing this system on M5, and so far so good. :slight_smile:
apart from when 50 is flat and the 14 keeps crossing.

i can see you are using this on M1.
do you use the same rules for entry and exit on the M1 as the M5?

Thanks

Janqie has posted the rules a few pages back. Please flip back and you will see. If you also read the questions people asked then that will also provide further insights.

BL888,
i cant seem to find it,
could you just briefly tell me is it the same requirements to enter and exit?

Thanks

I think you have mistaken where I took the trade. The red vertical line indicates 5m TF trend change. A little while later, where the small and hard to see red arrows are is where I took the trade.

Janqie, thanks for sharing your sub number 2, looks like a good system. I will hopefully have a go with this system tomorrow.

Just wanted to take a moment and say thank you to Janqie for doing such a good job explaining his additions to the strategy. It’s quite interesting stuff and good of you to share it.

Hello,
Merchantprince thank you for your good words!

janqie are u still in the BP chatt in trading days i dont get you strategy i see many loosers and only reaoly small profit under 10 pips often hope i can learn this your aproch

Good morning,
Hello jgadefelth no I’m not in chatroom.
Like I said personal judgement in those strategies is most important. I try to take only best looking setups.
Like this one +20

And this one +15 :slight_smile:
This time did not played #1

Got +10 on this one :slight_smile:

Again got nice looking setup +10

I’ve noticed most chart examples show only one candle retracements. What is your opinion on how many candles can be in a retracement before the trade is no good? Does it matter?

Hey,
When I look at pullback main thing for me is its shape it must be steady without sudden jumps or wide wicks. Pullback can be 2 or more than 5 candles does’nt matter but it has to be in its place