nj542 Scalp Method
Posted: 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
.
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
.