Scalping system #9 (Trading by Psychological Levels)

Hi Patrick,

Thank you so much for your reply.

Could you please explain what "run" mean?
Also, overlays here means the 1H color candle, right?

Actually, I couldn't understand what you meant.

I'm sorry about that, but I really appreciate your help.

Best Regards,
Eins

I am from Belgium and I would like to ask PatrickB who is also
from Belgium to contact me at the below address:
[email protected]

Blessings, Eddy

Hi Patrick and Edward,

Sorry. I forgot to add the link of the screen shots in the previous post.
Here are the ones that I lost..

Best Regards,
Eins

Hi Patrick and Edward,

First of all, thank you so much for the great website and strategy. I've been learning a lot here.

I've been using this strategy for two weeks, and actually I didn't do well with this. The result is:
13 win * 5pips = 75pips
5 lose * 28pips = -140pips

I entered the trade to get 5pips only when H1 and D1 are the same color, and set the point 28pips far from the order as a stop loss. (3pips far from the psychological level just like you pointed in the earlier post.)

It seems my lose rate is too high, and I'm wondering if my entry point is bad... Here are the screen shots that I lost. Could you please take a look at them and give me any advice or analysis on this? Maybe I got an entry point I'm not supposed to enter? I really appreciate any tips.

Best Regards,
Eins

great systems !!!

Patrick

I read this last night for the first time and said, "Ah ha!" This makes great sense to me. Very appealing, and I will try it next trading week.

I did wonder at this, though. Let's say the D candle is green and we are looking for a long entry at the next sweet spot (SS) up when the hour starts but that SS is nearly 25 pips up/away.

It just seems that if we are scalping for 5 pips, but we need to wait nearly 25 pips to take our entry . . . that too long, too far?

Do I totally 'not get it' here? Of course, if your entry is not hit, you don't lose anything, but some of those entries are far away. It seems more comfortable to run this if we find ourselves 5 or 10 pips closer to the sweet spot for entry.

Your thoughts?

With best regards, David

Hello Patrick and Edward,

This scalping system is great and thanks for your sharing.

I have a question, how to consider spread? For EURUSD, if I put a buy stop, I need to put it on 00-25-50-75-00 or 02-27-52-77-02 (+spread 2 pips), please provide your comment, thanks~

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

Sorry, what are you trying to copy?

how to copy coz no file here.

Patrick, thank you very much! Mercy Boque!

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

Hi Patrick!!

Can u tell me if u are using center of gravity with levels?? i saw that u add this indicator... ( isaw it in center of gravity strategy)... Is it good? do u recommend me?

thanks!!

PD: i wrote on kreslik ;)

Hello Patrick,
I don't want to confuse anybody. But are you sure about the levels 00, 25, 50, 75? I just know 00, 20, 50, 80. These different levels are also described in this old thread (GBP/USD):
http://www.forexfactory.com/showthread.php?t=58770

Hey Serge you can not trade when the range is between to levels however you can mark the high and lows (only use the bodys) and then you can trade between those lines. But when you do that be happy with 2 pip or so.
Trading is all about discipline and patience! When there is no opportunity then you don't trade or try to find another pair.