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10.3 SCALPER/RANGE TRADE SYSTEM
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Author:  blazko [ Fri Nov 30, 2012 1:00 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Phil: i just checked the thing with additional lines. On G/J it touched the red twice what lines up with DR3 level. Would this be a valid trade for you?


edit.
so far so good.
Author:  fire580 [ Fri Nov 30, 2012 2:08 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Hi Phil maybe sometime when your not busy you can give us some examples showing how you use the smFlyingBudda Signals for small scalps.

Thanks again for all the help and incite you have been so gracious to share with us traders.

Fire580
Author:  fire580 [ Fri Nov 30, 2012 2:39 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Thanks Phil
Author:  fire580 [ Fri Nov 30, 2012 4:11 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Regarding the scalping .... I notice the arrow doesn't come on until bar close, so you the enter at low or high of bar or immediately at close of bar?

Thanks Fire580
Author:  xrismak [ Fri Nov 30, 2012 8:00 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Dphil,
I have never made Money on a Friday trading FX be it with a Demo or Live Account, the only time I have ever made any money is when I use an EXPERT ADVISOR to Basket trade and it was with One of Awesome Baluda's Gizmos, like I told you yesterday, I can do this everyday and the results as you can see using your CT with 10.3 speak Volumes... now the only thing I want to work on is how not to get Greedy, let's see how these trades end up :) Thank you everybody on this Thread, you have all made me feel like an FX trader who know's what he is doing, at least for Now. :D

Happy Trading Y'all,

xrismak ;)
Author:  fire580 [ Fri Nov 30, 2012 9:06 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
xrismak thanks for sharing your results - I have also found this method very interesting - one question do you find the trades against the trend (retraces) just as profitable as those going back into the trend?

Thanks, Fire 580
Author:  gms [ Fri Nov 30, 2012 10:38 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
nanningbob wrote:
theforexedge wrote:Bob

I'm experimenting trading on Weekly Charts with a hybrid of 10.2 & 10.3 and was wondering whom I should

ask if its possible to change the 10.3 MA BUY DP.DO / 10.3 MA SELL DP.DO EA's for a cross of the Monthly Pivot?

Thanks, JP
The EA would only need to be changed from using Daily Pivot to Monthly pivot. I sure someone can do that easily enough.
Please find the mods enclosed. You can select which Pivot to use.

gary
Author:  pacinvest [ Fri Nov 30, 2012 11:24 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Greetings

While you are off to the pub I thought I would do up a chart of a practice trade to share.
DPhil has introduced a context for using the Flying Budda indy in 10.3 scalping. I think his explanation is crystal clear and here's an example.

While most people give up on PA that goes flat the Flying Budda is telling us trade this baby back and forth in a tight range band. Phil also mentioned it can have balls. Well based on the lot size Phil trades with I'd say his balls must be pretty impressive. Back to the point if Flying Budda is good at what it does it can also help us to be there in the right place when something does happen that we are expecting - trading into a 10.3 bias for example. Check out the chart below this all played out. I was expecting more selling down towards DO going into the Friday close of NY, so I traded the Flying Budda signal of flat period with the 10.3 bias in mind and bingo 2trades 35 pips..................see chart for more explanation.

The other thing I am working on is how the TMA slope helps to show when the breakouts are underway. The context here is the M5 time frame. Sure enough the .4 and -.4 TMA slope levels come into play and the 10.2a CoolnCalm's CT concept of slope 'momentum' is a useful guide. Looking at this has helped me to understand use of Flying Budda as well. Phil has also tipped us on paying attention to candle patterns and this is also very useful - really helps in this context to confirm action. When I get some time I will do up some charts on the TMA slope comment, but its all there to see.

Fascinating to me how all these great trading ideas are coming together in a 10.3 scalping environment. Phil take care of those balls the rest of us may catch up with you one day.............

Welcome back Bob you know what happens when the Cat is away....................................
Have a good weekend all
flying budda example friday end.gif
Author:  fire580 [ Sat Dec 01, 2012 12:30 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Thanks again Phil great stuff as always - please continue

Thanks.

Fire 580
Author:  marsie [ Sat Dec 01, 2012 2:58 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
dancingphil wrote:
With 10.3, and everyone running 20+ charts I have looked at the other currencies and I still keep 20 chart tabs on my screen. And it all makes me want to buy 1-4 30" monitors :). But as you said, managing even 10 pairs is very ambitious. I tend now to work up 7-8 reasonably safe CT pending orders, hoping that only 1-2 get hit each day.

I cannot imagine the day that I routinely trade all pairs. But I can imagine the day that I trade 1 or 2 pairs with 100,000 lots. Oddly, my live trading will suffer less nervous energy when trading 100,000 lots than when trading 10 lots. But that will be because the market will be responding to my trades more than me responding to what the big money is doing.

The 1 lot/$1,000 actually does have a lot of room when you trade at 400:1. It's the same effect as trading 1 lot/$2,000 for traders operating at 200:1. This especially true when I don't get margin calls until 90% of equity has been lost.

Phil
I wish I had a wall with monitors and many computers. In this forum is so much stuff I wish to try. But only to watch 10.3 can give you an overload with informations.

When you trade with 100 000 lots I can´t imagine that the broker gives you 1:400 leverage. Many brokers set by 20 000 $ the leverage from 1:400 to 1:200 and so on. That´s on thing. The other: the brokers try to steel your money when you have succes. I know a trader who has formerly traded with millions. Every broker had a new idea how to take his money out of the pockets. Now he trade only with 20 000 $ deposit. He makes 50% - 200% per month. At the end of the month he take the profit out of the account and live from this money.
Mortiiy wrote:Stellar contribution from you here Phil. Thanks 8-)

Marsie, your results and comments also strike me as result orientated and focused. Any chance of allowing us a look into your methods and thought processes? :D
When you could look into my head you never more would look in my thought processes. Often there is only mud and fog. Because since ten years a immedicable disease (borreliosis) destroy slowly my brain and body. Some days I cannot clear think. When I notice that like the first two days of this week I don´t trade. When I don´t notice that and I trade I make very stupid mistakes. Like tonight. And next morning I bang my head on the desk and ask me how I could be so an idiot.

My way to trade is like Bob and Dancingphil recommended. I wrote it on page 101. But Phil can explain it detailed. Because I have to look for every word that I write into leo.org for translation. And hope that I choose the right word out of the translation table and the reader can understand what I mean. I never learned english in school. For that reason writing here costs so much time.

In my trading are some special things. But that I can´t teach it. And it´s partial crazy. However a question of experience and feeling for the market.

Results today:

9 Trades
7 Win
2 Loss

64 Pips
16,6%
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