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.
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.
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…
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.
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.
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.
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
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.
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]
Ok… Here more rules, say precautions or say pints to keep in mind
whenever there are multiple arrows, they make the move more confirmed but need to wait for MA before we enter
If the price slips away from arrow we use MA (period 26, shift 6) to scalp
If price is already up/down of MA in case of BUY/SELL we just try to scalp instantly otherwise wait for MA .
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.