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Scalping system #9 (Trading by Psychological Levels)



Submitted by User on February 6, 2009 - 15:20.

Submitted by Patrick Bourgeois

This is a very powerful winning strategy!!! We only use psychological levels to enter our trades. One of the main rules is NEVER TRADE AGAINST THE H1 CANDLE COLOR. Levels are on the screen every 00, 25, 50, 75, 00.

Another rule is: If H1 and D1 candle color are the same get ready to make more pips. If the colors do not agree be aware that a lot of times you just can grab a few pips (be happy with 5). This is a scalping strategy.


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Submitted by User on March 12, 2009 - 06:31.

This thread has nothing to do with center of gravity. Patrick's strategy doesn't need any indicator. They are all lagging anyway.

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Submitted by PatrickB on March 12, 2009 - 09:30.
I am sure about those levels. The main thing is trading by horizontal lines. You can use random lines and go with the color of H1. If you hit the line then you buy or sell aqain according to the same color of H1.
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Submitted by PatrickB on March 12, 2009 - 09:33.
center of gravity is good if you know how to use it! That's for all the systems there are. You must understand how they work. I don't use this method because i trade the priceaction between supprot and resistance.
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Submitted by User on March 12, 2009 - 17:46.

Patrick, thank you very much! Mercy Boque!

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Submitted by User on March 17, 2009 - 04:21.

how to copy coz no file here.

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Submitted by Edward Revy on March 17, 2009 - 05:54.

Sorry, what are you trying to copy?

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Submitted by fiqahs on March 17, 2009 - 06:34.
hi all, I have problem with this thing.i have try to paste it in my indicator but it wont came out in my chart.have anyone can help me?Plsss.
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Submitted by Edward on March 17, 2009 - 06:45.

First, try to check your background color and the color of the indicator, may be they match.

Tell me which indicator is it, I'll have a look.

Edward


  
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