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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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  • #2,861
  • Apr 22, 2013 3:00am Apr 22, 2013 3:00am
to be very honest, i am struggling somewhat with that too.

Quoting Favorite
{quote} Absolutely! Guys, if any of you have the idea what could be the best trigger for entering under the pattern "TMA M1 beyond the Ichimoku cloud" - I would be glad to hear it! But please don't add a whole bunch of indicators, fibs etc. Our goal - JUST ONE good indicator that shows where to enter under this pattern. Thank you!
  • #2,862
  • Apr 22, 2013 3:00am Apr 22, 2013 3:00am
Quoting tonny47
thanks for all the time you are putting into this forum!
tonny47, like one professional boxer said: "It's always better to give than to receive!"
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,863
  • Apr 22, 2013 3:02am Apr 22, 2013 3:02am
now the countertrend trade and its reentry at the same place, first one for loss of 7 pips, then loss of 10 pips. down about 6 pips for a day
Attached Image (click to enlarge)
Click to Enlarge Name: 22 april eurjpy3.gif Size: 19 KB
  • #2,864
  • Apr 22, 2013 3:04am Apr 22, 2013 3:04am
haha, nice quote - luckily you 'punches' dont hurt but help

Quoting Favorite
{quote} tonny47, like one professional boxer said: "It's always better to give than to receive!"
  • #2,865
  • Apr 22, 2013 3:06am Apr 22, 2013 3:06am
Quoting tonny47
now the countertrend trade and its reentry at the same place, first one for loss of 7 pips, then loss of 10 pips. down about 6 pips for a day
The trend is too strong for countertrending at this point. Look at the angle of the TMA M1! I don't counter-trend, but if I was trading countertrend - I would never countertrend until the TMA M1 starts becoming horizontal.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,866
  • Apr 22, 2013 3:07am Apr 22, 2013 3:07am
Quoting tonny47
hi Simonik, thanks for posting your trade. could you please zoom in a little when you are posting your chart? not sure if its just me, but its impossible for me to see your trade on the chart {quote}
Sure tonny, i will try to zoom for better view
Look like a girl, act like a lady, think like a man and work like a dog.
  • #2,867
  • Apr 22, 2013 3:09am Apr 22, 2013 3:09am
will try to be more cautious next time...
Quoting Favorite
{quote} The trend is too strong for countertrending at this point. Look at the angle of the TMA M1! I don't counter-trend, but if I was trading countertrend - I would never countertrend until the TMA M1 starts becoming horizontal.
  • #2,868
  • Apr 22, 2013 3:10am Apr 22, 2013 3:10am
cheers!
Quoting Simonik
{quote} Sure tonny, i will try to zoom for better view
  • #2,869
  • Apr 22, 2013 3:11am Apr 22, 2013 3:11am
Quoting Favorite
Classic Babon, EurJpy +13 pips. Total +48 pips today. Guys, for a little while I won't post my trades any more, because I'm trying to find the best trigger for the trades "TMA Ma beyond the Ichimoku cloud". I personally am very happy with trading naked this pattern together with Price Action Patterns, especially breakouts, but almost all last week long after I posted the final rules I kept getting PMs saying literally that people don't get it... So I'll try to find a solution to this problem. Right now I think I found something that can make those...
Everything you need to improve your system!! also for you, also because you will be able to follow it with less concentration, so good luck! I will try to read some of the Lance Beggs Volumes in this time, improve my Price Action is always useful!!
  • #2,870
  • Apr 22, 2013 3:12am Apr 22, 2013 3:12am
Quoting tonny47
to be very honest, i am struggling somewhat with that too.
Sure! That's why I decided to test my idea for two weeks. If it works - it would make it much easier for a lot of participants. But it is my last experiment, after that I will leave the forum, because it's time to enjoy the fruits of my labor.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,871
  • Apr 22, 2013 3:19am Apr 22, 2013 3:19am
The favourite, in system is enough indicators, behavior of the price and the rules, each following will already heat up the schedule..... my subjective opinion - to conform to the rules and not to ignore levels of supports and resistance on M15-H1..... and there everyone let decides that is closer than it to a brain.... everyone trades, therefore both a profit and stoploss-business personal
man is capable of much, only not everyone knows, on what he is capable
  • #2,872
  • Apr 22, 2013 3:22am Apr 22, 2013 3:22am
Quoting zapad13
my subjective opinion - to conform to the rules and not to ignore levels of supports and resistance on M15-H1.....
Good point!

Thank you, zapad13!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,873
  • Apr 22, 2013 3:26am Apr 22, 2013 3:26am
Quoting tonimg
I have al brooks book translated to Spanish, but Lance Beggs books are not very famous in Spain, but also them are not well appreciate, so it will be very difficult to find them in Spanish. I will try to read them in english, at least Vol 2 and 3 as Favourite recommended. Thanks for every tip you write in this thread!!
Good for you, tonimg!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,874
  • Apr 22, 2013 3:33am Apr 22, 2013 3:33am
Quoting zapad13
The favourite, in system is enough indicators, behavior of the price and the rules, each following will already heat up the schedule.....
Good point too!

But you see, here I'm not talking about adding new indicators to the Classic Babon! For me Classic Babon is final, and my rules for working with the pattern "TMA M1 beyond TMA M5/M15" are final too.

I'm talking only about working with the pattern "TMA M1 beyond the Ichimoku cloud", and for this pattern so far we use only two indicators, Ichimoku and TMA M1. If we find the third indicator that is a really good trigger (for this particular pattern only) - then I'll create a separate template for this pattern.

So, guys, I'll try to do my best but I really want to hear your ideas too! And remember - we have to do it in two weeks, after that I'll leave the forum!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,875
  • Apr 22, 2013 3:33am Apr 22, 2013 3:33am
Quoting Favorite
{quote} Sure! That's why I decided to test my idea for two weeks. If it works - it would make it much easier for a lot of participants. But it is my last experiment, after that I will leave the forum, because it's time to enjoy the fruits of my labor.
I understand and respect your decision ... and still hope to change your mind and stay with us ... even if less ...
you have to admit...we are funny and cute ...
Look like a girl, act like a lady, think like a man and work like a dog.
  • #2,876
  • Apr 22, 2013 3:43am Apr 22, 2013 3:43am
if the Favourite leaves from a forum..... many won't be able to develop further in this business......the teacher is necessary
man is capable of much, only not everyone knows, on what he is capable
  • #2,877
  • Edited 3:56am Apr 22, 2013 3:45am | Edited 3:56am
Quoting Simonik
you have to admit...we are funny and cute ...
Simonik, I have to admit: you're funny and cute!

Quoting Simonik
I understand and respect your decision ... and still hope to change your mind and stay with us ... even if less ...
Unfortunately it is impossible for my sparkling and charismatic personality to participate less, I either do participate, or I don't.

So it is my final decision.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,878
  • Apr 22, 2013 3:50am Apr 22, 2013 3:50am
Quoting zapad13
if the Favourite leaves from a forum..... many won't be able to develop further in this business......the teacher is necessary
When I leave people would have the summary post with all the rules, nuances and with a huge amount of illustrations. I really can't say anything new, every aspect of the system has been discussed many times.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,879
  • Apr 22, 2013 4:10am Apr 22, 2013 4:10am
Guys everybody hello!!!

I want to talk aboult real MoneyManagement of this wonderfull system.
Everything I heared here about MM is real GAMBLING
18 a day 1 000 000 in the year and so long.
It`s madness and everybody somewhere in mind understand it.

The System is really good. Very good. Mike made everything to you to understand it. Now it`s your turn to think.

Why you are really don`t think about 10-20% per month with this system??? If you can do it for about 2-3 month, increase your trading size.

Your depo and your time is only thing you have in forex. And leaning trading by Gambling is MADNESS.

Don`t try to make a lot at once.

Let`s make optimal MM for traders of this system in 3 stages.
Rookie, experienced and professional user of this system. And rules for it, for each level and time of trading in each level.

If you're a friend of your head you will think about it.

Sorry for my English, my language is Russian.

Good trades to everybody.
  • #2,880
  • Apr 22, 2013 4:17am Apr 22, 2013 4:17am
Quoting Vitalisimus
Guys everybody hello!!! I want to talk aboult real MoneyManagement of this wonderfull system. Everything I heared here about MM is real GAMBLING 18 a day 1 000 000 in the year and so long. It`s madness and everybody somewhere in mind understand it. The System is really good. Very good. Mike made everything to you to understand it. Now it`s your turn to think. Why you are really don`t think about 10-20% per month with this system??? If you can do it for about 2-3 month, increase your trading size. Your depo and your time is only thing...


my eyes is hurt....

The system is one thing, the MM is another...
Everybody has unique expectations and unique view about the risk level.
To start here a discusion about MM...I do not know if it's right...
Look like a girl, act like a lady, think like a man and work like a dog.
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