nj542 Scalp Method

everything that doesn't belong elsewhere cometh here

Moderator: moderators

flossnhoss
rank: <50 posts
rank: <50 posts
Posts: 28
Joined: Tue Apr 07, 2009 4:31 pm
Reputation: 0
Gender: None specified

nj542 Scalp Method

Postby flossnhoss » Thu Aug 13, 2009 8:08 am

Some of us have seen the success nj has been posting in the 2% club. Naturally, it has peaked several people's, including my own, interest.

As a way to facilitate the exchange of information between nj and the rest of the interested traders, I just wanted to start a thread to ask questions, and give one cohesive location for nj to field questions as to not bother him as much during trading hours.

As a general introduction, nj is using DTB on a 1m charts, using 5pip trigger lines, off of 2 and 3 semafors when price has a good price range over 25-30pips (hopefully range is explained better). I've seen him indicate a S/L of around 15-20 pips, and target profit is 20-25pips for EU, GU, and EJ, and 30pips for GJ... or the opposite semafor (whichever comes first).

This is just my initial understanding, and I hope that nj is willing to share his methods, as it seems he has been having some great success.

Please use this thread to ask questions about the method as I believe nj plans to put together a self-described plan to help others understand better.

Looking forward to it, happy pipping.

-flosss


.
Last edited by flossnhoss on Thu Aug 13, 2009 9:35 am, edited 2 times in total.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
pablo101
rank: 500+ posts
rank: 500+ posts
Posts: 841
Joined: Tue Jun 30, 2009 3:10 pm
Reputation: 0
Real name: Pete
Gender: None specified

Postby pablo101 » Thu Aug 13, 2009 8:21 am

I would like to see this too. Exchange of information is good for the soul. Thank you in advance NJ.

Sincerely and with the utmost respect.

Pablo :)

User avatar
noone22
rank: 150+ posts
rank: 150+ posts
Posts: 390
Joined: Tue Aug 05, 2008 4:50 am
Reputation: 0
Gender: None specified

Postby noone22 » Fri Aug 14, 2009 12:21 am

It would be great to know more details and to have template
for such a sucessfull implementation of DTB method!

nj542
rank: <50 posts
rank: <50 posts
Posts: 7
Joined: Tue Aug 18, 2009 12:16 pm
Reputation: 0
Gender: None specified

My DTB Scalping System..

Postby nj542 » Tue Aug 18, 2009 12:36 pm

Here it is guys enjoy!.... 8)
Attachments
Nj_DTB v1_Scalping.pdf
(56.27 KiB) Downloaded 183 times

flossnhoss
rank: <50 posts
rank: <50 posts
Posts: 28
Joined: Tue Apr 07, 2009 4:31 pm
Reputation: 0
Gender: None specified

Postby flossnhoss » Tue Aug 18, 2009 12:47 pm

just a few questions that i think most of you will have.

is this off of 1 minutes time frame charts only?

YES.

I've asked nj to supply a picture about the difference between sema's that are 'on top of a candle' versus 'in the background' as I'm not very clear on this.

Other than that, this seems pretty straight forward, and really just another probability method.

Look forward to this evolving in the room. Seems like a good supplement in between break modes.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

nj542
rank: <50 posts
rank: <50 posts
Posts: 7
Joined: Tue Aug 18, 2009 12:16 pm
Reputation: 0
Gender: None specified

Postby nj542 » Tue Aug 18, 2009 12:50 pm

Image

in this image you can see the background sema's that i've mentioned, in Lime color circles...

nj542
rank: <50 posts
rank: <50 posts
Posts: 7
Joined: Tue Aug 18, 2009 12:16 pm
Reputation: 0
Gender: None specified

Postby nj542 » Tue Aug 18, 2009 1:04 pm

the template file that i'm using (for MT4) is attached here!!
Attachments
Nj_DTB_Scalp_v1.0.rar
(5.41 KiB) Downloaded 95 times

User avatar
pablo101
rank: 500+ posts
rank: 500+ posts
Posts: 841
Joined: Tue Jun 30, 2009 3:10 pm
Reputation: 0
Real name: Pete
Gender: None specified

Postby pablo101 » Tue Aug 18, 2009 1:44 pm

Hi NJ, I've a question about the entry . You would enter when:

1. you see a sema 3 or 2 appears
2. then you would enter using the DTB triggers

But you only take one trade or do you multiple entries on the same sema?

Thanks for sharing :)
What line? The line that tells you which way you are trading! - MO

flossnhoss
rank: <50 posts
rank: <50 posts
Posts: 28
Joined: Tue Apr 07, 2009 4:31 pm
Reputation: 0
Gender: None specified

Postby flossnhoss » Tue Aug 18, 2009 1:48 pm

thanks for the picture and template.

i loaded the template, and don't get those goofy extra semafors that you do, but i won't worry, as i think they are pointless.


look forward to trading with you live in the room this week and beyond.

nj542
rank: <50 posts
rank: <50 posts
Posts: 7
Joined: Tue Aug 18, 2009 12:16 pm
Reputation: 0
Gender: None specified

Postby nj542 » Tue Aug 18, 2009 1:52 pm

pablo101 wrote:Hi NJ, I've a question about the entry . You would enter when:

1. you see a sema 3 or 2 appears
2. then you would enter using the DTB triggers


YES...

pablo101 wrote:But you only take one trade or do you multiple entries on the same sema?


only one trade on the sema...
if you stopped out...then wait till it make the new sema...

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “general”