stevehopwoodforex.com • 10.3 SCALPER/RANGE TRADE SYSTEM

Author:

marsie [ Sun Dec 02, 2012 2:19 am ]

Post subject:

Re: 10.3 SCALPER/RANGE TRADE SYSTEM

dancingphil wrote: Every currency pair has its own behavior and patterns of what they normally do. So learn these patterns for each pair. I cannot remember getting into trouble with the EUR:USD because I know that pair very well. Yet I make rookie mistakes with the other pairs because only since 10.3 have I started to learn their patterns and normal behaviors.

Right. For this reason I said it could be better to choose only some pairs. I love the Yen pairs for trading 10.3 from the open line. In a good temper they will run and run. Look at last friday. A DR3 level for CT is to low. Another pairs hang around. Best example EURCHF. I never would set pending limit orders and let the trades alone. But that´s the situation for most traders who must go to work.

xrismak wrote:Hello Marsie,

I never knew I would have any great use for the KorHarmonics indicator until you outlined it's use with 10.3, now I have to go thank Kor4x for sharing it free at Trading Arsenal, I liked it a bit but never really got to use it much because I always knew it had to be used in conjuction with another System to get the best out of it. Now that System is 10.3, thank you Marsie for your Input on this thread, you have just given me another great idea and from what I know about the Korharmonics Indicator I can see this Idea working really well with 10.3 .

Happy Trading Y'all,

xrismak.

For newbies is trading with KorHarmonics very tricky. Especially in lower TF and fast moving markets. It repaints and later comes the message "formation invalided". The best option is using in higher TF. But it needs days until the prediction is fulfilled. For me the best choise between risk and performance is the 15M and 30M. I see in your chart are many signals from this indicator. To reduce this I set "show only ideal" by Bat, Crab, Butterfly and Bartley to "true". And for saving my CPU i set the counted bars to 500.

xrismak wrote:Dphil,

Thank you so much for everything especially the Vivid Explanations on trading CT with 10.3 system, it just made me go dig up something like this cool Indicator to share for anyone who finds it useful from my Arsenal of Goodies, the Picture tells a thousand stories without me adding any words.

Y'all Have a Good Weekend.

xrismak.

The ZUP-indie is another crazy tool and must have for fibonacci and harmonic lovers. And fans of a little bit magic. I have the version 6.4. But in my eyes it need more ressources from my old pc as the Korharmonic.

alex_forex wrote:Phil,

It is funny that I had done the same Excel spreadsheet a few years ago and it decided me to go
into the FX business

Anyway, your posts are brilliant, they helps me so much, thank you.

Cheers Alex

Similar story here. I get the spreadsheet from a friend. And now the years are gone away. Has your spreadsheet neglect the promise? With a similar spreadsheet comes agents of MLM marketing firms like Amway or Herbalife to bait new staffs. But promise and reality are often two different things. With some exceptions.

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Author:	xrismak [ Sat Dec 01, 2012 6:43 am ]
Post subject:	Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Dphil, Thank you so much for everything especially the Vivid Explanations on trading CT with 10.3 system, it just made me go dig up something like this cool Indicator to share for anyone who finds it useful from my Arsenal of Goodies, the Picture tells a thousand stories without me adding any words. Y'all Have a Good Weekend. xrismak.

Author:	blazko [ Sat Dec 01, 2012 9:45 am ]
Post subject:	Re: 10.3 SCALPER/RANGE TRADE SYSTEM
gms wrote: 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 Thats great! I wonder now, if its possible to make this EA trade from Baludas S/R levels of choice as well - with some buffer pips as per Phil way af trading. This could save some time with manual setting PO. Regards

Author:	pacinvest [ Sat Dec 01, 2012 10:53 am ]
Post subject:	Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Have a good weekend Phil We'll continue the revolution on Monday...... I'm enjoying your brand of craziness nearly as much as 10.3ing

Author:	effluvium [ Sat Dec 01, 2012 1:32 pm ]
Post subject:	Re: 10.3 SCALPER/RANGE TRADE SYSTEM
dancingphil wrote: ....... China is wonderful for many reasons. At the top of the list of my reasons why; it is a very practical culture that values peace, harmony, family and financial security; ....... Yet China's people do respect all other cultures with a smiling wonder at how cool other people are; ...... Phil Sorry for this remark which has nothing to do with Forex subjects. Although my intention here is not to turn this thread in a political battle, and I understand you have all your reasons to appreciate Chinese Culture and people, specially you are living there for several years. But...But... I'm sorry I could not let you claim here the false idea that China is passionatly fond on peace and their people respect profoundly other's one. Sorry I'd like just recall here the tragedy of Tibetan people whose country, culture, religion are progressively disappearing : It is not too different from what Australian people did with Aborigen or American people with native indian population. And I'm not speaking here about the chinese slavery spirit when they move to africa or poor countries to exploit their mine, underground and agriculture ressources. So please Don't embellish the reality.

Author:	alex_forex [ Sat Dec 01, 2012 1:35 pm ]
Post subject:	Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Phil, It is funny that I had done the same Excel spreadsheet a few years ago and it decided me to go into the FX business Anyway, your posts are brilliant, they helps me so much, thank you. Cheers Alex

Author:	thelearner [ Sat Dec 01, 2012 3:10 pm ]
Post subject:	Re: 10.3 SCALPER/RANGE TRADE SYSTEM
a quick question on trading time on CT strategy, it is best at NY close or maybe mid-closing Europe session (never on europe open). classic setup CT is on DS/R2 or fib level 3 at least or if more conservative take DS/R3, price must be out from channel and channel should not make a steep angle against your CT trade showing strong trend from days before.. Do I catch the basic on entry rule correctly here? If not then I should read it all over again... Thx for sharing a lotttttt regards~

Author:	fire580 [ Sat Dec 01, 2012 9:31 pm ]
Post subject:	Re: 10.3 SCALPER/RANGE TRADE SYSTEM
gms, thanks for sharing your scalping info RE:Dphil - one question...... I never heard of nonlagdots?

Author:	retireme [ Sat Dec 01, 2012 10:57 pm ]
Post subject:	Re: 10.3 SCALPER/RANGE TRADE SYSTEM
fire580 wrote:gms, thanks for sharing your scalping info RE:Dphil - one question...... I never heard of nonlagdots? Hope this helps! Rgds RM

Author:	Bruce [ Sun Dec 02, 2012 1:30 am ]
Post subject:	Re: 10.3 SCALPER/RANGE TRADE SYSTEM
Phil, I have a question that I don't quite understand regarding 400:1 one lot per 1000 -30 double(200%) hedge for BE. You mentioned about having EURUSD and USDCHF buy/sell-STOPS set and being not sure which would be hit first... therefore the other not being able to enter because of "insufficient funds". This part I can understand. The part that puzzles me is if that one entry goes against you -30 pips you have a double(200%) hedge set to kick in. How is that possible if at the beginning there was "insufficient funds" for the second entry after it was hit? Bruce

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