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Daytrading/scalping with high leverage - my proven strategy

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Quoting maflip
I miss this thread back in the days when it was lively.
a lot of golden nuggets buried within this thread.
Quoting panamamike
{quote} a lot of golden nuggets buried within this thread.
Did you use Michael's other system ( Klondike)?! It was posted on a Russian forum.
Dont waste your time guys, it doesnt work, save time and save money
The system works (Babon), but you need an instrument with a big range and a lot of patience for the right set ups and conditions.
This was a good read. Thank you to all contributors and especially Favorite.
Quoting SixPentacles
This was a good read. Thank you to all contributors and especially Favorite.
Fav has provided very good system. The TMA1 above the cloud is extremely reliable. Be disciplined and do not trade against the big picture regardless of what your 1 min chart says. Trading the first pullback after the pattern develops is really profitable too. My .02

FWIW..... I re-read the thread once a quarter or so. I still find little nuggets of gold in the stream of rocks and pebbles.
I have been having severe issues with MT4 the past two weeks. Is anyone trading this on mt5 or ctrader? Do you have indis or templates to share? Feel free to post here or PM me.

Thanks
Attached File(s)
File Type: ex4 TMAnew.ex4   25 KB | 417 downloads
I'm also wondering what happen to participant. Are they broke or sipping pina coladas on beach?
Is there any good live scalping thread? Most of them are dead.
Whether you think you can, or you think you can't,you're right. H.F.
Quoting panamamike
A couple of handy tools if trading several pairs. {file}{file}
Hi Mike,

I have tried to download and add to my charts, but have failed miserably. When you have a minute could you let me know what they look like please?

Shaun
This system works problem is lots of guys don't know when to trade and not to trade. Let me show some examples. Then you figure it out.

H1 bar huge volume and a lower low on H1 (big picture).

Then zoom in to M1 what do you see I put in custom candle on M1 to show H1 lower low and I circled where that H1 bar is now look for the cross and the entry.
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Be like water go with the flow
Low volume and when not to trade. You will get a bunch of stop outs here.
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Be like water go with the flow
Another sample big H1 candle spike up with high volume however there is no follow thru and price did not cross back above the cloud so no trade long. However, H1 now made a lower low and candle is still big with big volume.
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Be like water go with the flow
Quoting maflip
Another sample big H1 candle spike up with high volume however there is no follow thru and price did not cross back above the cloud so no trade long. However, H1 now made a lower low and candle is still big with big volume. {image}
Let's zoom in to M1. And look for yourself where the entry would have been. So, does it work or not? I can't believe I've still been going back to this thread after 5 years lol.

Is there an entry after the spike up and is there a valid entry short?

If you think it doesn't work then it doesn't work I don't care lol

Also, don't trade when there's a neutral H1 bar meaning when the previous H1 made a higher high and lower low of the previous bar. Wait for them to decide and if volume is still valid can still trade. Otherwise go back the next day.
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Be like water go with the flow
One more and I'm done yapping. Maybe i'll be back in another 2 years. Lol. Just look at the chart. H1 Candle is overlayed.

However to be honest I evolved this and this is what my chart looks like now. Foundation is built on this system though. Make the system your own. (See the bottom chart)
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Be like water go with the flow
It's really pity that this thread is dead.It'd be really nice to know how those scalpers and their technique are evolved in years.
What pairs and how they scalp today,for example today is quite hard to scalp 30 pips from eurjpy when last 10 days adr is about 60 pips.
Whether you think you can, or you think you can't,you're right. H.F.
Quoting Simply-Me
It's really pity that this thread is dead.It'd be really nice to know how those scalpers and their technique are evolved in years. What pairs and how they scalp today,for example today is quite hard to scalp 30 pips from eurjpy when last 10 days adr is about 60 pips.
Yes, this was the original thread that I started with and still use elements to date.
Quoting mackem73
{quote} Yes, this was the original thread that I started with and still use elements to date.
Can you be more specific?
Whether you think you can, or you think you can't,you're right. H.F.
Quoting Simply-Me
{quote} Can you be more specific?
I often refer to the TMAs on the one minute for exits particularly.
nothing new. as usual
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