PLEASE GO TO PAGE #31 / POST #452 FOR UPDATED MATERIALS AND TEMPLATES.
LOHAD STRIPPED 04-02-09 Please See Page #37, Posts #554, #555
LOHAD CHAT: http://lohadscalping.tk
THANKS - LOHAD
REVISED SETUP:
Lohad Scalping "Base"
Finally I was able to complete the latest version of this system that I have been using to date (03-16-09)
Attached is a zip folder with the template and indicators that I am using. Also I am attaching a document explaining how I trade this system with screen shots and descriptions. Please take a look and feel free to adapt this system to your liking.
Lohad Scalping Chat Room: http://www.chatzy.com/644381729943. You will need to register but it is free. The room is called Lohad Scalping
Good Trading to All!
Thanks for all your input!
Lohad
ORIGINAL POST
Hey Traders,
I am posting the "core" of my system that I have been using live for the last few weeks. My trading partner and myself do use other indicators as well, that I have intentionally left off (for now). The set of indicators that I am posting are the core combination that we use to mainly give us the indication on making a trade or not. I will post the additional indicators on here if requested.
The reason I am leaving these other indi's out is because we would like to throw this out there and let it run the gaunlet of other traders to see if there are any improvements or different ideas that we can implement to make this a better system.
Even though this has been a profitable system for me (weekly pip count 606,282 and 359). I believe things can always be improved.
Now I use this on a 1M chart. My partner works on 5M chart and above. This is intended to be a scalping system. I know people will get here and tell me I'm nuts and quite frankly I see and understand there point of views but for my mentality, this TF works best for me.
I have not tried this on anything over 15M but it appears it could be good on longer TF. I only trade the EURUSD pair. My partner trades this on GPBUSD, EURUSD and USDCHF.
I have no set SL amount. Basically I use PA to determine if I should get out. I set my trade to get a 5-10 pip TP, and I am looking for an improvement on not leaving too much on the table. My partner does not use a TP. He takes what the trade will give him.
I will admit, a better exit is one of the things I am looking for.
The Chart:
I use the following indi's on my setup:
Bollinger Bands - Default Settings
PSAR - Default Settings
Hull - (Posted) Default Settings
BB Macd - (Posted) 12,26,9,1.0
Entry:
I have included a picture with a sequential setup descriptions on how I make trade decisions. This picture will show the ideal setup. There are other setups that I will take that do not meet these steps all at once, but I only do that once I have the feel of the market.
Basically I look for a PSAR dot to appear OUTSIDE of the BB, I wait for price to cross the HULL and the "kingpin" I wait for the BB Macd dot to appear on the outside of the line.
Please feel free to take a look at this. Kick it around. And any suggestions are greatly appreciated.
Thanks,
Lohad
LOHAD STRIPPED 04-02-09 Please See Page #37, Posts #554, #555
LOHAD CHAT: http://lohadscalping.tk
THANKS - LOHAD
REVISED SETUP:
Lohad Scalping "Base"
Finally I was able to complete the latest version of this system that I have been using to date (03-16-09)
Attached is a zip folder with the template and indicators that I am using. Also I am attaching a document explaining how I trade this system with screen shots and descriptions. Please take a look and feel free to adapt this system to your liking.
Lohad Scalping Chat Room: http://www.chatzy.com/644381729943. You will need to register but it is free. The room is called Lohad Scalping
Good Trading to All!
Thanks for all your input!
Lohad
ORIGINAL POST
Hey Traders,
I am posting the "core" of my system that I have been using live for the last few weeks. My trading partner and myself do use other indicators as well, that I have intentionally left off (for now). The set of indicators that I am posting are the core combination that we use to mainly give us the indication on making a trade or not. I will post the additional indicators on here if requested.
The reason I am leaving these other indi's out is because we would like to throw this out there and let it run the gaunlet of other traders to see if there are any improvements or different ideas that we can implement to make this a better system.
Even though this has been a profitable system for me (weekly pip count 606,282 and 359). I believe things can always be improved.
Now I use this on a 1M chart. My partner works on 5M chart and above. This is intended to be a scalping system. I know people will get here and tell me I'm nuts and quite frankly I see and understand there point of views but for my mentality, this TF works best for me.
I have not tried this on anything over 15M but it appears it could be good on longer TF. I only trade the EURUSD pair. My partner trades this on GPBUSD, EURUSD and USDCHF.
I have no set SL amount. Basically I use PA to determine if I should get out. I set my trade to get a 5-10 pip TP, and I am looking for an improvement on not leaving too much on the table. My partner does not use a TP. He takes what the trade will give him.
I will admit, a better exit is one of the things I am looking for.
The Chart:
I use the following indi's on my setup:
Bollinger Bands - Default Settings
PSAR - Default Settings
Hull - (Posted) Default Settings
BB Macd - (Posted) 12,26,9,1.0
Entry:
I have included a picture with a sequential setup descriptions on how I make trade decisions. This picture will show the ideal setup. There are other setups that I will take that do not meet these steps all at once, but I only do that once I have the feel of the market.
Basically I look for a PSAR dot to appear OUTSIDE of the BB, I wait for price to cross the HULL and the "kingpin" I wait for the BB Macd dot to appear on the outside of the line.
Please feel free to take a look at this. Kick it around. And any suggestions are greatly appreciated.
Thanks,
Lohad
Attached File(s)
Lohad Scalping.zip
1.4 MB
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7,126 downloads
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Uploaded Mar 16, 2009 9:35pm
Lohad Scalping Doc.doc
118 KB
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6,238 downloads
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Uploaded Mar 16, 2009 9:35pm