Scalping strategy to finish the year strong

Its pretty close. I’m calling it 4 days in a row

Same with Gbp/Jpy

Totally get it. I sometimes use a combination of 21/50/200 depending on the mood.

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2 news related losses this morning.
Recovered.

Closed all remaining trades until after next high impact news in 17 minutes.
Someone’s going to make a lot of money though.

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was that about Trump’s indictment, or something else?

@flamingoproxy
Just the normal high impact news that was scheduled for today.

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Back in profit.

Eur/Jpy buy
Usd/Jpy buy

Both very nice wins.
Short trading day for AT.

Hey AT, what indicators have you got exactly going on this chart as they look different to some of the other charts that you have posted? So EMA 25, EMA 150, PSAR and TicksSepartedVolumeDiff and which other ones?

@rocktrucker
I have:

PSAR with Trend and Alerts: Set to 0.0009/0.015
Follow the Line (red/green) set to 100
0-chart symbol (from the Forex Factory forum for 1M counter Trade)
Pip Counter (from the Forex Factory forum)
Heiken Ashi button (from the Forex Factory forum
Tro-Mynotes (from Forex Factory forum
SupDem (Supply and demand level) button (from Forex Factory forum
MTF MA-Cross - Set to 25 and 150
Ticks separate volume (forex Factory forum

You could say I was missing a few indicators then :joy:

Thanks for this list.

@rocktrucker
Haha Rock.

I don’t know why your comment made me laugh out loud, but it just did.

I guess it’s just cuz I know your sense of humor now.

The strategy worked great again this morning. Sorry I can’t be with everybody to make a little more money yet today.

I do have, in my opinion, these words of wisdom.

I think this PSAR / crossover that I’ve been using is a fantastic training tool. The more I think about the fact that you have to set a stop loss that is often going to be 30 pips away from your entry. The more I think about the discipline that comes from trading this way. The discipline to know that you will hit that stop loss maybe even twice a day. But you will still make a lot of money. I believe mastering this completes the phase and takes one from novice trader to experienced, and successful.

And remember, you always have the option to close the trade while in profit once you see that gap between the 25 and the 150 leveling off or narrowing that’s where that art comes in again.

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Just finished my work assignments for the day so I looked at the charts. Looks like it might have been a difficult Trading day.

Unless you went with king of forex strategy. In which case you killed it.

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Hi AT. I have the morning free to trade. So I’m going to try your strategies again in my demo account. Over the weekend I tried the 32 EMA channel strategy using Trading View’s rewind feature, but again I got chopped up and the winners weren’t big enough to make up for the losers. I’ve had the same experience when forward testing the strategy in the past. This morning I’m going to try the 25/150 EMA PSAR strategy. I’ve noticed a few different strategies you’ve used on the thread. Four months into this thread, which strategies would you say are your favorite, and why? Thanks in advance!

@SurprisedMoose
Several beautiful signals on the 5M charts using the PSAR Crossover.

This is my favorite for the time being. (The 25/150 PSAR is what I mean by PSAR Crossover).

I’d be up another 50-100pips if I was still trading today.


Eur/USD gave up 70+ pips from the ema crossover(orange/green).


USD/JPY gave up 60.

Eur/JPY. Had 2 great signals for another 50+

Gbp/JPY 2 signals for 50+.

EUR/USD was trending nicely today. I did win a nice move using the 25/150 PSAR. It seems to be a little less prone to whipsaws. I’ll keep testing it.

@SurprisedMoose

Awesome, Moose.

That was the best signal of the day.

You guys might want to check out this guys levels here for different currencies and instruments?. He has an indicator which he is selling and these levels work with his indicator but you can use them for your general trading.

Just download the file and upload the template for the relevant currency on MT4 or manually copy the levels in to Trading View. They are pretty accurate from doing tests over the last couple of days. At the start of a new week he uploads new ones.

Here the levels have been marked on TV on the euro.