Scalping strategy to finish the year strong

@Vaczak
I never doubted either of you.

But I think we have all seen that it can make a big difference if that Yellow ema actually crosses or bounces off.

Please let me know if you find adjusting the settings a bit helps.

@AmericanTrader @Sammy.fx I think I have found the difference, at least for my chart. The 6 and 14 emas have to be set also for low price, then it looks like AmericanTrader’s chart

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@Vaczak
Does one way look better than the other overall?

@AmericanTrader I don’t know. I’m just thinking if 6 and 14 ema setting for low price have effect on buy signal, but would be useful the high price for sell signal. Do you have close price set for these emas?

Checking now

@Vaczak

Good news, bad news. My 6 and 14 on my Eur/Usd chart are set to Low.

I probably did it by accident because I’m always changing my settings on other pairs and saved the template wrong.

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@Vaczak Makes sense…whether they’re high, low or close has an impact

That’s why!!

Have the signals been more reliable in your case?

@Sammy.fx
See above.
Mine on the Eur/Usd are currently set to Low.

My other charts had it right, but maybe the Low setting for Eur/Usd is worth keeping?

@Sammy.fx
Not really sure yet. I’ve been spending most of my time for last few days on other pairs.

Well its worth adopting for a back test cause it would’ve saved me today’s loss

@Sammy.fx
I changed mine back to “close”. On the visible chart I don’t see a clear benefit either way.

Eur Jpy going over 142.200?

I don’t think so, but we will see.

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@Vaczak well I closed out when the 6 ema made the turn. A few pips is a few pips.

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Done trading for the day. Once again I had to rely on my one minute chf/jpy to make any real money.

Date Time left Event Impact Previous Consensus Actual [All ](javascript:void(0))[None ](javascript:void(0))
Friday, Jan 27, 2023
Jan 27, 01:00 EUR Unemployment Rate (Dec) MEDIUM 5.9% 6% 6.7%
Jan 27, 02:00 EUR Retail Sales MoM (Dec) LOW -0.9% 16.1% 10.7%
Jan 27, 02:00 EUR Retail Sales YoY (Dec) LOW -1.5% -2.2% -5.9%
Jan 27, 02:45 EUR Consumer Confidence (Jan) MEDIUM 81 83 80
Jan 27, 03:00 EUR GDP Growth Rate YoY (Q4) MEDIUM 4.8% 2.2% 2.7%
Jan 27, 03:00 EUR GDP Growth Rate QoQ (Q4) MEDIUM 0.2% 0.1% 0.2%
Jan 27, 04:00 EUR Bank Austria Manufacturing PMI (Jan) HIGH 47.3 48.2 48.4
Jan 27, 04:00 EUR M3 Money Supply YoY (Dec) LOW 4.8% 4.6% 4.1%
Jan 27, 04:00 EUR Loans to Households YoY (Dec) LOW 4.1% 4.2% 3.8%
Jan 27, 04:00 EUR Loans to Companies YoY (Dec) LOW 8.3% 8.5% 6.3%
Jan 27, 04:00 EUR Industrial Sales YoY (Nov) LOW 12.5% 8.9% 11.5%
Jan 27, 04:00 EUR Industrial Sales MoM (Nov) LOW -0.8% -0.4% 0.9%
Jan 27, 04:30 EUR Retail Sales MoM (Dec) LOW -0.4% -1.4%
Jan 27, 04:30 EUR Retail Sales YoY (Dec) LOW 7.4% 11.2% 2.8%
Jan 27, 05:10 EUR 6-Month BOT Auction LOW 2.324% 2.822%
Jan 27, 05:30 EUR ECB President Lagarde Speech MEDIUM
Jan 27, 06:00 EUR Retail Sales MoM (Dec) LOW -0.9% 0.6% 0%
Jan 27, 06:00 EUR Retail Sales YoY (Dec) LOW -3.6% -2.5% 0.5%
Jan 27, 06:00 EUR Retail Sales YoY (Dec) LOW 10.7% -3.5% -0.3%
Jan 27, 06:00 EUR Retail Sales MoM (Dec) LOW 1.3% -3%
Jan 27, 06:00 EUR Total Credit YoY (Dec) LOW 5.9% 7.3% 9.1%
Jan 27, 06:30 EUR Balance of Trade (Nov) LOW -€0.8B -€0.7B
Jan 27, 08:30 USD Core PCE Price Index MoM (Dec) LOW 0.2% 0.3% 0.3%
Jan 27, 08:30 USD Core PCE Price Index YoY (Dec) LOW 4.7% 4.4% 4.4%
Jan 27, 08:30 USD PCE Price Index MoM (Dec) MEDIUM 0.1% 0.1% 0.1%
Jan 27, 08:30 USD PCE Price Index YoY (Dec) MEDIUM 5.5% 5.1% 5%
Jan 27, 08:30 USD Personal Income MoM (Dec) HIGH 0.3% 0.2% 0.2%
Jan 27, 08:30 USD Personal Spending MoM (Dec) HIGH -0.1% -0.1% -0.2%
Jan 27, 10:00 12 min USD Michigan Consumer Sentiment (Jan) HIGH 59.7 64.6

Last one could be high impact in 12 minutes.

I have just noticed this index as well on Trading View, it’s called the EURO INDEX

The Euro Currency Index (EUR_I ) represents the arithmetic ratio of four major currencies against the Euro: the. All ratios are expressed in units of currency per Euro against the Dollar, Pound, Swiss Franc and Japanese Yen. It’s a pretty useful tool for us with this strategy.

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@rocktrucker how do you made the Heikin Ashi work on your chart? I tried several ways without success.