1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

CHART SETUP for SCALPING ANY CURRENCIES

Discussion in 'Beginners Bootcamp' started by Triantus Shango, Aug 14, 2012.

  1. Triantus Shango

    Triantus Shango Sergeant Major

    Joined:
    Apr 23, 2011
    Messages:
    1,372
    Likes Received:
    15
    moving k-areas

    and obviously, as the market keeps going up, so do the k-areas move as well. so adjust accordingly. :D
     
  2. Triantus Shango

    Triantus Shango Sergeant Major

    Joined:
    Apr 23, 2011
    Messages:
    1,372
    Likes Received:
    15
    also note how the first 38.2% retrace node and subsequent k-areas correspond to where the bids are located according to forexlive.com. food for thought.
     
    #12 Triantus Shango, Aug 17, 2012
    Last edited: Aug 17, 2012
  3. dkami

    dkami Sergeant

    Joined:
    Apr 13, 2010
    Messages:
    746
    Likes Received:
    32
    Hi Triantus

    Its good to see you sharing you scalping strategy and charts although its way over my head(to much going on on those charts for me,I like to keep things very simple)I'm sure it will help many others

    Do you have a template of your chart people that want to use your system can use so they can get their charts set up quickly?

    I don't want to take over you thread but I thought I would share one of my charts with a scalping strategy that may help the people like me that cant get a grip on what going on on your charts and strategy.If anyone wants the template's PM me and I'll give you the link(its free of course)

    As you can see on my chart is a fresh short on this pair

    Keep up the good work AU.
     
  4. Triantus Shango

    Triantus Shango Sergeant Major

    Joined:
    Apr 23, 2011
    Messages:
    1,372
    Likes Received:
    15
    sure thing dkami. i've attached the 2 templates i use.
    i'm looking at the TDI right now and it seems like an amazing indicator. all the info one needs seems to be synthesized into one indicator. i need to do more testing, but at first glance, wow! thanks for sharing.


     

    Attached Files:

  5. dkami

    dkami Sergeant

    Joined:
    Apr 13, 2010
    Messages:
    746
    Likes Received:
    32
    Yea I'v found the TDI gives the signal a little later due to the double signal so its probable no real good on smaller time frames for scalping but combining TDI + RSI and the EMA's (like setup in my attachment)on H1 and above gives me a pretty good entry when following overall trend direction

    For eg.for setup I'm using I enter when EMA's cross and RSI indicator is on or above 50 line(if going long),TDI is usually only giving a weak buy signal
     
    #15 dkami, Aug 19, 2012
    Last edited: Aug 19, 2012
  6. Triantus Shango

    Triantus Shango Sergeant Major

    Joined:
    Apr 23, 2011
    Messages:
    1,372
    Likes Received:
    15
  7. Triantus Shango

    Triantus Shango Sergeant Major

    Joined:
    Apr 23, 2011
    Messages:
    1,372
    Likes Received:
    15
    EUR/JPY TUE 21 AUGUST 2012 analysis

    price is still stuck in the following range: 97.70 - 98.30/40.

    so basically, play the range until there is a decisive breakout top- or downside. but considering how slow and empty the market is, makes me think i should have gone on vacation now instead of september.
     
  8. Triantus Shango

    Triantus Shango Sergeant Major

    Joined:
    Apr 23, 2011
    Messages:
    1,372
    Likes Received:
    15
    EUR/JPY Monday 27 AUG 2012 SNAPSHOT ANALYSIS

    looking heavy. watch for downside targets:

    very short scalp: 98.4x, 98.3x then reassess

    longer scalp: 97.9x -97.6x then reassess


    topside targets to watch: 98.7x - 98.8x, which if breached takes potentially to 99.15, 99.35, 99.60, 100.0x
     

Share This Page