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posterx

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Posts posted by posterx

  1. Re: Scalping...is this a waste of time or can you....

     

    I don't believe that it's possible to do scalping without having a robot..

    It's just too time consuming to watch the trades.

     

    You can't even put a SL and TP in the trade as it will be to close with your price

    and most brokers will reject your SL and TP points.

     

    Many trends start at around the start of the London session. If you monitor at this time, you can be sure to catch some decent pips. This is especially true for GBPUSD and EURUSD.

  2. Re: Scalping...is this a waste of time or can you....

     

     

    Posterx, can i know the entry and exit rules for your system?

    Btw it's on TF 15 Minutes rite?

     

     

    Ok.The 10/21 crossover will give buy/sell signals. MACD should be crossing above/below 0 level. ADX should be rising above 20 for strong trend.

     

    If you have missed the crossover signal, wait for a retrace to 10/21 EMA. Usually most powerful trends do retrace at least to the 10EMA. Then you enter.

     

    The exit signal can be a break of the 21EMA or better, an opposite crossover.

     

    I use this 10Min system in conjunction with a 1HR system to get the broader picture.

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