SCALPING 99 or “Kiu Kiu”

 

SETUP
 

Main Chart

TF = 30”
EMA (9) on Price Chart
 

Window Chart

MFI (3) change color sync with background color...activate level 25/50/75
EMA (9) using ‘Previous Indicator’s Data’

===================================================

LONG:
- Indicator window —> When EMA (9) bullish cross level 25/50 and Price is:
   * above EMA (9) : Perfect
   * cross EMA (9)  : Best
   * below EMA (9) : Good
- TP = 10 pips or hold as long as Price is above EMA (9)
- SL = 5 pips below the price swing low confirmed by EMA (9)

SHORT:
- When EMA (9) bearish cross level 75/50 and Price is:
   * below EMA (9) : Perfect
   * cross EMA (9)  : Best
   * above EMA (9) : Good
- TP = 10 pips or hold as long as Price is below EMA (9)
- SL = 5 pips above the price swing high confirmed by EMA (9)

 

OVERVIEW
This scalping technique utilize MFI oscillator which perform like Stochastic with Volume analysis include in it...so we can identify the reversal as well...but sometimes the reversal tooks time before it happened...so I use EMA to filter out the best time to jump in immediately when reversal will occur soon.

I CALLED IT “Kiu Kiu”
The unique is EMA (9) both used in Price chart & Indicator windows... Kiu Kiu is “99 domino poker”.

 

Intraday Technique - Bouncing FIBO II

Realizing the first Bouncing FIBO is a hard to do which need good analysis to determine the reversal point....not recommended for novice trader....So I try to observe other technique which still a reversal type in intraday timeframe.

I've come to Bouncing FIBO II which still rely on studies from TOS Script to help us identify Entry & Exit.

There are 2 scripts used which are:

1. Auto Fib for OR (=Opening Range)
2. Three Bars Reversal
3. Stochastic Crossover Signal

Script #1 :

# Automatic Opening Range and Fibonacci Levels
# By Prospectus @ http://readtheprospectus.wordpress.com
# Inspired by Trader-X @ http://traderx.blogspot.com

def na=double.nan;

input ORBegin = 0930;
input OREnd = 1000;
Input FibExt1=1.382;
Input FibExt2=1.621;

input ShowTodayOnly={"No", default "Yes"};
def s=ShowTodayOnly;

input ShowFibExt2={default "Yes", "No"};
def sf2=ShowFibExt2;

Def ORActive = if secondstilltime(OREnd)>0 AND secondsfromtime(ORBegin)>=0 then 1 else 0;

def today=if s==0 OR getday()==getlastday() AND secondsfromtime(ORBegin)>=0 then 1 else 0;

Rec ORHigh = if ORHigh[1]==0 or ORActive[1]==0 AND ORActive==1 then high else if ORActive AND high>ORHigh[1] then high else ORHigh[1];
Rec ORLow = if ORLow[1]==0 or ORActive[1]==0 AND ORActive==1 then low else if ORActive AND low

Def ORWidth = ORHigh - ORLow;
Def fib_mid = (ORHigh+ORLow)/2;
Def fib_ext_up1 = ORHigh + ORWidth*(FibExt1 - 1);
Def fib_ext_down1 = ORLow - ORWidth*(FibExt1 - 1);
Def fib_ext_up2= ORHigh + ORWidth*(FibExt2 - 1);
Def fib_ext_down2 = ORLow - ORWidth*(FibExt2 - 1);

Plot ORH=if ORActive OR today<1>
Plot ORL=if ORActive OR today<1>
Plot FibMid=if ORActive OR today<1>
Plot FibExtUp1=if ORActive OR today<1>
Plot FibExtDown1=if ORActive OR today<1>
Plot FibExtUp2=if ORActive OR today<1>
Plot FibExtDown2=if ORActive OR today<1>

ORH.setdefaultcolor(color.green);
ORH.setStyle(curve.Long_DASH);
ORH.setlineweight(3);
ORL.setdefaultcolor(color.red);
ORL.setStyle(curve.Long_DASH);
ORL.setlineweight(3);
FibMid.setdefaultcolor(color.gray);
FibMid.setStyle(curve.SHORT_DASH);
FibMid.setlineweight(3);
FibExtUp1.setdefaultcolor(color.green);
FibExtUp1.setStyle(curve.SHORT_DASH);
FibExtUp1.setlineweight(2);
FibExtDown1.setdefaultcolor(color.red);
FibExtDown1.setStyle(curve.SHORT_DASH);
FibExtDown1.setlineweight(2);
FibExtUp2.setdefaultcolor(color.green);
FibExtUp2.setStyle(curve.SHORT_DASH);
FibExtUp2.setlineweight(1);
FibExtDown2.setdefaultcolor(color.red);
FibExtDown2.setStyle(curve.SHORT_DASH);
FibExtDown2.setlineweight(1);


Script #2 :

#Three Bars Reversal
#From thinskscripter forum

def threeBarUp = if close > high[1] and (high > high[2] or high > close[2]) and (high > high[3] or high > close[3]) then 1 else 0;
def threeBarDown = if close < low[1] and (low < low[2] or low < close[2]) and (low < low[3] or low < close[3]) then 1 else 0;

rec upDownFlag = if threeBarUp then 1 else if threeBarDown then 0 else upDownFlag[1];

plot upSignal = if threeBarUp and upDownFlag[1] then Min(low, low[1]) else Double.NaN;
plot downSignal = if threeBarDown and upDownFlag[1] then Max(high, high[1]) else Double.NaN;

upSignal.SetStyle(Curve.POINTS);
upSignal.SetLineWeight(1);
upSignal.SetDefaultColor(Color.WHITE);

downSignal.SetStyle(Curve.POINTS);
downSignal.SetLineWeight(1);
downSignal.SetDefaultColor(Color.WHITE);

• 1 day 2 minutes
• Slow Stochastic (10,10)
• MACD (12,26,9)
• Vortex (14)
  

The Rules :

Entry

• CALL : when "Blue" dot touch the lines (OR Hi/Lo/Mid or Fib Ext 1/2)
  
• PUT : when "Red" dot touch the lines (OR Hi/Lo/Mid or Fib Ext 1/2)

Exit (Target Profit)

• Because we want consistent profit, we take profit above/below our "Entry" line (the nearest line, depends on what you are playing...e.g. if "CALL" you Exit at the line above your "Entry" line, vice versa for the "PUT").
  

Stop Loss

• I let you determine by yourself for the cut loss level.
  

The figures are:





















Entry:
When "Blue" dot appears at the OR Hi (=Opening Range Hi) --> $211.04

Exit:
Sell a limit order at $212.48 (Fib Ext 1)

It's simple use of this technique.

Enjoy your trading....

Intraday Technique - Bouncing FIBO

I've developed an intraday technique which seems work for me. You can try also this technique, which actually simple but powerful and make sense.

This technique is a reversal trading type. The entry made is only in the first 2 hours after market open. What we're looking is a reversal made during the period. Sometimes we can have 2 reversal playing during the trade time (first 2 hours of trading time).

Playing this technique only need TOS Script from htttp://thinkscripter.com (TS_TradeZones) to help us identify the Hi/Lo for the trading timeframe.

The link is:
http://www.thinkscripter.com/2009/06/30/trade-zones/

I copy paste the script for you to save your time....

# TS_TRADEZONES
# http://www.thinkscripter.com
# thinkscripter@gmail.com
# Last Update 30 JUN 2009

declare fullrange;
input zoneStart = 1500;
input zoneEnd = 1615;
input type = {default NOTRADE, REVERSAL};
plot highBar;
plot lowBar;

switch (type){

case NOTRADE:
highBar = if secondsTillTime(zoneStart) <= 0 and secondsTillTime(zoneEnd) >= 0 then highestAll(high) else double.nan;
lowBar = if secondsTillTime(zoneStart) <= 0 and secondsTillTime(zoneEnd) >= 0 then lowestAll(low) else double.nan;
case REVERSAL:
lowBar = if secondsTillTime(zoneStart) <= 0 and secondsTillTime(zoneEnd) >= 0 then highestAll(high) else double.nan;
highBar = if secondsTillTime(zoneStart) <= 0 and secondsTillTime(zoneEnd) >= 0 then lowestAll(low) else double.nan;
}
highBar.assignValueColor(if highBar>lowBar then color.dark_red else color.green);
lowBar.assignValueColor(if highBar>lowBar then color.dark_red else color.green);
addCloud(lowBar, highBar);

Chart setup:

• 1 day 2 minutes
• DMI (14)
• Slow Stochastic (10,10)
• MACD (12,26,9)

The Rules :

Entry

• CALL : Swing Low --> draw FIBO from High (the High bar) to Low (the Swing Low)
• PUT : Swing High --> draw FIBO from Low (the Low bar) to High (the Swing High)

Tips:
Entry is perfect when make new Hi or new Lo

Exit (Target Profit)

• Fibo Retrace 50% (if day range (high-low) above 2, you can use Fibo Retrace 38.2% or even 23.6%, consider DMI (14) indicators to have confidence of the trend strength)
  

Stop Loss

• 1 tick (1/16) from entry price
  

The figures are:




















Goldman Sachs (GS):

• Swing High
• Play PUT
• SS(10,10) : bearish cross in the overbought area
• MACD(12,26,9) : bearish cross above zero line

Research in Motions (RIMM):

• Swing Low
• Play CALL
• SS(10,10) : bullish cross in the oversold area
• MACD(12,26,9) : bullish cross below zero line

Enjoy your trading....

Strategy to Play....

I just play Buy Call/Put strategy....not spread strategy.

3 reasons for choosing this strategy:
1. Better Leverage
2. Better ROI (Return On Investment)
3. Better Money Management

For playing this strategy, I prefer Swing Trade & Trend Trade style.

Swing Trade I count on formation of the candles.

Trend Trade I use DMI (Directional Movement Index) to identify profitable trade.

My Trading Style - Intraday Trader

As an options trader, I've found that playing as Intraday Trader is my style. And become Intraday Trader needs 3 key success factors:

1). Be Discipline.
2). Be Patient.
3). Trade what you SEE, not what you THINK.

1-Be Discipline
Discipline with the trading rules that you believe can generate consistent profit. Of course we need to paper trade first (6-12 months) to find the perfect one that suitable for us to play in real account later.

2-Be Patient
Most of the time, during the market hours, we usually can't immediately find the right moment that meet our criteria. Don't get rush with this conditions. This need high patient attitude for success results as options intraday trader.

3-Trade what you see, not what you think.
We can search for market sentiment, latest chart performance, etc. But the most important when trade the candidates, we've to believe for what we see right now, price behavior that reflects from its price chart. Trade your plan. Don't get confused with what analysis or any other information that not affect directly stocks we choose as our candidate.

HAPPY TRADING