ITM by about 5 Pips

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ITM by about 5 Pips

Hello all, I hope everyone had a great day. This trade was from yesterday, and I’m kind of behind by a day, but I will catch up tonight. I made a few trades but I will discuss only one high probability trade.

Looking at the overall direction of price, the bears seemed to be in control for the day. Price was slowly rising until it reached the 365day EMA. Once it reached there it turned south again. Now something to note here, if price did in fact go above the 365EMA, I would begin to believe bulls thought price was low enough to begin buying and in result, price would rise. Anyways, as price turned south, I waited for a pullback and a place to enter. Price was moving south at a good speed and each bear bar was very strong with little fight from the bulls. When price moves this sharp in a direction, it is likely it will continue to go in this direction, for the time being. With that in mind, I waited for a pullback that you see on the chat. The chart shows two trades I took, but I lost one because price wasn’t ready to continue down (and I failed to wait for the candle to close on the bar I entered on, which is my fault completely). Well after the buy orders were getting thinner and price was moving in smaller and smaller increments, I was waiting for a breakout of the range. Once price broke below the past few bars low, I believed that price would continue back down.

The reason I placed this trade are as follows: Price overall was in a downtrend, Price was respecting the 180 and 365EMA’s, Price was below the 20EMA, during the pullback, price failed to create higher highs and higher lows, A breakout of the pullback happened sharply, there weren’t any significant bullish reversal bars showing, and the value chart was beginning to turn down. This trade was ITM by about 5 Pips.

517# Sukhoy 5 pips scalping

Channel scalping

Sukhoy 5 pips scalping is a trading system based on Mika ‘s Bo Channel with fast profit target. This is a trend-volatility system. You can use this system in two ways:

first with fast pt for example 4-5 pips EUR/USD or exit position at the opposite signal.

Time Frame 5 min or higher.

Currency pairs for scalping:(EUR/USD, GBP/USD, USD/JPY. USD/CAD), Indices (Dax and Dow).

Trading Sessions: London and New York.

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In the main chart:

Mika ‘s Bo Channel;

Nihilist ultra ADX (period 7);

Nihilist ultra ADX (period 21);

Nihilist ultra ADX (period 42);

Z Winner CCI (period 16- level buy +55, level sell -55);

Trading rules Sukhoy 5 pips scalping

You can use this system in two ways:

with fast pt for example 4-5 pips EUR/USD or exit position at the opposite signal.

Buy signal arrow Mika ‘s Bo Channel”
All Nihilist ultra ADX (7),(21),(42) are green or blue
CCI above level 55;

X-supertrend candles green color.

Sell signal arrow Mika ‘s Bo Channel”
All Nihilist ultra ADX (7),(21),(42) are red or orange
CCI below level -55;

X-supertrend candles red color.

Exit posit with 5 pips profit target or at the opposite signal.

EUR/USD 5 pips, AUD/USD 4 pips, GBP/USD 6 pips.

Place initial stop lo loss below/above channel.

Recovery trades after two loss. Always remember to apply the recovery when we have the best market conditions.

In pictures Sukhoy 5 pips scalping in action.

Share your opinion, can help everyone to understand the forex strategy

Marc (Sunday, 29 April 2020 00:08)

Here is all free.

[email protected] (Saturday, 28 April 2020 04:38)

I have to pay for this software?

sinand (Saturday, 31 March 2020 16:14)

niko (Friday, 03 June 2020 07:13)

The xtrend indicators don’t compile on any build I’ve tried. They say 600+ but I tried it on 950, 765, and even older ones like 509 and 409. So you can download the latest working indicators posted by their author here: http://www.forexfactory.com/showthread.php?t=329399

bart (Friday, 29 April 2020 17:15)

Interesting colours on ADX. They look lovely and confusing at the same time. I have changed them to lime and red only. X-super trend candles won’t work on my mt4 (different build maybe?), after compiling this indicator I came up with 14 errors. I managed to fix it.
Trading: I have changed ADX colours to create a clearer view to see what’s going on with the price. In my humble opinion it looks more transparent. Maybe it just me. Another change I did was with CCI, my setting is 30. The reason behind it is to avoid being caught up in sudden price changes, quick turns which don’t translate into a specific direction. On small time frames such as 5m or 1m that may happen quite often and may lead to unnecessary losses. And when scalping I need to be sure about price direction. I don’t like to be caught in sideways movement.
Buying: when direction is set upward – above CCI (30) level 55 or 50, I’d buy when ADX is in alignment – 3 lime ADX (by the way this ADX probably repaints to certain degree, all indicators of this type do that – more or less, don’t be caught by surprise – that is another reason why CCI is set at 30). I would also re-enter trades if a faster ADX (7) would change to red and then turn to lime again. So if the price closes and the fastest adx becomes lime (colour) again and it is aligned with two other adx indicators which are also lime.
Selling: it would just opposite of buying.
After compiling X-supertrend candles and fixing the errors you will have another visual tool to see the price direction. Heikin-Ashi candles could be used in similar fashion.
I didn’t find much use for Mika’s Bo Channel at all in this strategy.
I would be tempted to trade this system on 1m chart.
I’d like the system, but I would use it with the tweaks I’ve mentioned above. To help with setting up stops I would use ATR (set between 10 and 15) and I would target 2 ATR and then I would close the trade or attempt to follow with a trailing stop. Anyway this the way how I would utilize Sukhoy scalping system.
Thanks for sharing your strategy.

jason (Thursday, 28 April 2020 15:57)

Hi , thank for sharing this interesting system .
I would like a clarification , please .
You said : ” All Nihilist ultra ADX are green or blue.”
What does it mean ? ie , for a buy , all 3 histo should be blue, OR they may be , eg , two blue and one green ?
Thanks for kind reply.

Pips Alert Review

In today’s review, we will be analyzing a Forex signal service called Pips Alert. The vendor says that this service is constantly being updated to ensure that it it provide traders with a steady gain of between 1000 – 9500 pips per month.

In addition to this, the vendor claims that they always participate in various initiatives to constantly develop and incorporate strategy of no stress solution to the Forex community. So that’s one of the reason why they are offering Pips Alert premium at a monthly subscription of $17.95-124.95.

We looked around on the website of this signals service and found that there was no specific address published to help us identify the exact location of this vendor. However, they only say that the service was was founded by 2 traders, and since 2020 they’ve expanded to a team of 14 traders located in the US, Tokyo, Canada, as well as other parts of the world. We have to believe that they are telling the truth. While their exact location is not very important when writing this review, sometimes it helps to be transparent especially when you know that you’re going to charge a monthly subscription, and members of the public would want to trust you. We do not know if this signal vendor was really interested in creating transparency or having potential customers trusting them. So it’s like they do not have a single office as their teams work remotely.

The purpose of this review is to help you make an informed decision here. The big question is this: does Pips Alert signals produce substantial profits while making trading easier for the average trader?

Pips Alert Review

Pips Alert is among the few Forex signals around that were created to work with every other platform that you might think of. These include MT4, MT5, cTrader brokerage. We are just giving them credit where it’s due. But this is not to say that we have already endorsed Pips Alert. A number of things have to be discussed first.

The vendor claims that the Pips Alert signals service is provided by professional traders. They tell us that they currently “have a team of 15 traders with a combined 98 years of experience in the Forex market.” Today, this vendors claims that they are providing users with a profitable premium signals that is able to make them money on a monthly basis for a monthly subscription of 17.95-12.95. This is really impressive, but there is no way for us to know if that is true or not, because the vendor does not introduce us to any of these traders, so we cannot verify their identities, and check their trading track records.

Pips Alert signals comes with the entry price, the take profit and potential exit prices to monitor during the duration of the trade. In addition to this, signals are provided to traders during the London and New York trading sessions.

Pips Alert backgroud

Once a customer subscribes for the Pips Alert investor membership, the trader receives the full alert package which comes with the potential of 9500 pips per month. This service is also provided within 24 hours after initial account registration. All of this is of course good news. However, if we cannot translate these features into everyday profits, then they automatically become useless features that you and me don’t even need.

The signal is on nearly all currency pairs and time frame. The developer assures traders that signals is on all pairs with high precision.

Everything looks and sounds normal with this signals service. The only exception here is the absence of real information about the strategy being implemented by the group of professional traders. We could say that these people are not transparent on the trading approach and who they signals providers are yet the vendor wants you to pay 17.95-124.95 every month. When it comes to signal services, it’s very important to know who the providers of the signals are, and what type of trading approach they have, so you know if that matches up with your trading philosophies. Sadly, this does not seem to be available with this service.

Pips Alert Trading Results

When we came across this signals vendor trading result section, we saw a performance chart that hasn’t been updated since March.The performance chart is very impressive, showing that the signals have gained over 15,000 pips in the last 5 months, with an average 3000 pips per month.

We were very much interested in seeing their myfxbook account due to the high profit potentials that they were promising. It only makes sense to expect a perfect myfxbook account results for such a lucrative trading signals service.

We found out that there is really no way of verifying these trades, because the developers are not utilizing any statement sharing services like Myfxbook or FX Blue. As we speak now, this vendor does not run an active myfxbook account, which leaves us wondering why. The only explanation for this is that Pips Alert probably is not making the expected pip potential as advertised on their site. Statement sharing services like Myfxbook or FX Blue would definitely bring their business down, which is why they decided to dodge it. On the other hand, the vendor provided a PDF log, that shows the trades that occurred between January 28 in February 3, 2020, but this document could easily be modified by the vendor, which is why we prefer statement sharing services.

Review Verdict – Pips Alert is a scam

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Our best advise for you

If we are to go with the above trading results section on their website, we would fail to get a true picture of the performance of the Pips Alert . We needed a statement sharing services of active result tracking to make an informed opinion concerning Pips Alert. Therefore, we are asking our readers to stick to these Forex trading robots signals instead. This one does not look like a genuine trading signals service.

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