The Universal Scalp/Trading Indicators/Strategies systems

Friends, neither Im going to sell nor share this Indicator but of course I will be posting some good scalping opportunities here whenever I’m free . You are requested to use your own descretion as this is just experiment . I recommend you to paper trade my charts . This Indicator is 100% non-repaint.

I will post the rules to trade this indicator soon …

1st Feb 2018: I have changed the topic of the thread a little. Because its not only scalping but includes day trading also.

Needed a good laff…

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Im trying to just differentiate between what the newbies think about scalping and in fact how it has many forms. new traders imagine a trade where they will be in profit as soon as they enter but in reality scalping is more close to day trading for retailers.

Here is my expalnation on current chart of usdchf:
In above chart you can see the usdchf had a scalp signal but it dint go to profit soon. rather it is expected to make a U turn at least to the Arrow. So for newbie its a failure of the signal but others who know the price action its still a good signal.

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No it doesn’t. Scalping is crossing the spread and taking profit. Wash rinse repeat. Nothing more nothing less.

You can sex it up all you want but it is still not scalping.

This is supposed to be a “SCALP Indicator” - It is currently 22 Pips in loss after a couple of hours - Do we have a stop - loss in place at all ?

What the hell has “Knowing the price action” got to do with “Universal Scalp Indicators” ???

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In first post on this thread I have stated it already that I will be posting the rules soon. We have enough time and enough signals to come. Just observe…

"First post on this thread " - ??? THAT WAS First post EVER !
WHERE’s Your STOP ?

[Removed for Forums Policy violation]

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Behave yourself and be patient.

You seem to be expert enough to assess a system in a first look…but keep your expertise in safe place until I post more details and more signals here please.

@Falstaff

Let us let him go bro, we know how it will end. It’s not worth it :wink: :wink:

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Ok mate - you’re right of course - 28 PIps down as we speak - that must be getting close to wherever that elusive stop would be - if any of this was not just a dream.

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Hello N, what is you definition of a “scalp”?

The Ever Quizzical VIPER

:stuck_out_tongue: :stuck_out_tongue: :stuck_out_tongue:
Actually… that’s true, isn’t i t

@Nirmalfx
A Word of advice… with regards to falstaff
Take a step back, you don’t want to go down this road… TRUST ME

his point is valid
you need to acknowledge that

also his point about stops is also valid
you need to acknowledge that

bobs point is also valid

so… instead of doing what you’re doing before you even get started
Take a step back mate… TRUST ME

take care

Now here goes the simple rule about my scalping…

The arrows does not necessarily indicate entry point , instead they are calls to be ready.

I use a simple 26,6 moving average to find when its time to scalp. i.e. when there is any candle close above the MA (26,6) in case of Buy signal and vice versa…once the condition is true I just set myself for scalping.

Will be posting about other parameters lator…

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Here is another signal ( recommended to paper trade or observe only)

Credit where it’s due @Nirmalfx, That bottom up arrow made a good target for that little retracement. I took 24 and 26 pips out of it (Demo account) - Sadly I was out of the room for the low spot of the move.

I see now that this was a retracement targets in anticipation of an up - move against the trend. It could have been clearer in your original post, but I see English is not your first language and I jumped to conclusions.

It could give good entry points for a continuation, although I see your Red arrows (Same chart) give decent “reversal signals” - that’s why I took 2 trades - I was going to close one at the target and let the other run. In fact I did move my stop to small profit and then accidentally closed it out :laughing:

It’s a shame I didn’t understand in the early part of the thread. Now I understand your reference to “use your own discretion” and “Price action”

Welcome in lad, I think you may have something here. we’ll see from your later posts.

Interesting ! :sunglasses:

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2 posts were split to a new topic: Does Anyone Know what Gartley Pattern this could be …?

Sorry just Ranting…

OK Have i missed these yet…?[quote=“Nirmalfx, post:13, topic:133132”]
The arrows does not necessarily indicate entry point , instead they are calls to be ready.

I use a simple 26,6 moving average to find when its time to scalp. i.e. when there is any candle close above the MA (26,6) in case of Buy signal and vice versa…once the condition is true I just set myself for scalping.

Will be posting about other parameters lator…
[/quote]

just read

is the red MA 26 or 6 …?

Where can i get those Arrows from …

I want those arrows…

I Need Those Arrows…:alien:

Ok… Here more rules, say precautions or say pints to keep in mind

  1. whenever there are multiple arrows, they make the move more confirmed but need to wait for MA before we enter
  2. If the price slips away from arrow we use MA (period 26, shift 6) to scalp
  3. If price is already up/down of MA in case of BUY/SELL we just try to scalp instantly otherwise wait for MA .
  4. I sometimes (personally) may use averaging also if price slips away in case of multiple arrows.
    summary: we just wait for quick price movements and appearance of arrows , multiple are best, and give higher potential for retrace, enter only when price confirms on MA, Or average simply if there are multiple arrows, avoid low volatility markets.

Arrows are non-repaint .

Hi Nirmalfx, So your running the MA (shift +6) out front of the price to generate the signal…

Sort of a predictive signalling MA?

Can you please supply a zoomed in Chart to have a more detailed look…USDZAR runs pretty big spread…

here is zoomed in chart with BB and MA

as such MA (26) is not fixed , you can use simple MA (13) also for pairs like EU and AU… MA is used only to find that the price has started to halt.