Daytrading/scalping with high leverage - my proven strategy | Page 435 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daytrading/Scalping in Crypto markets 357 replies

Dashboard EA based on Daytrading/scalping with high leverage 103 replies

A Proven Simple Strategy (2MAs, 1 RSI) 436 replies

Looking for proven scalping strategy to program 1 reply

Share Something Proven - Scalping Method Please 10 replies

Attachments: Daytrading/scalping with high leverage - my proven strategy
Exit Attachments

Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
  • Trader:
  • Broker:
  • Type:
This Trade Explorer is no longer publicly available.
  • #8,681
  • Aug 15, 2018 10:43am Aug 15, 2018 10:43am
Quoting maflip
I miss this thread back in the days when it was lively.
a lot of golden nuggets buried within this thread.
  • #8,682
  • Aug 15, 2018 3:11pm Aug 15, 2018 3:11pm
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.
  • #8,683
  • Aug 15, 2018 3:14pm Aug 15, 2018 3:14pm
Dont waste your time guys, it doesnt work, save time and save money
  • #8,684
  • Aug 19, 2018 5:57am Aug 19, 2018 5:57am
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.
“Stops don’t limit profits — they prevent disasters.”
  • #8,685
  • Nov 19, 2018 3:48pm Nov 19, 2018 3:48pm
This was a good read. Thank you to all contributors and especially Favorite.
  • #8,686
  • Nov 20, 2018 2:06am Nov 20, 2018 2:06am
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.
  • #8,687
  • Nov 29, 2018 11:14am Nov 29, 2018 11:14am
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
  • #8,688
  • Dec 1, 2018 8:48am Dec 1, 2018 8:48am
Attached File(s)
File Type: ex4 TMAnew.ex4   25 KB | 747 downloads
“Stops don’t limit profits — they prevent disasters.”
  • #8,689
  • Jan 21, 2019 2:01am Jan 21, 2019 2:01am
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.
  • #8,690
  • Jan 31, 2019 10:49am Jan 31, 2019 10:49am
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
  • #8,691
  • Feb 16, 2019 6:54am Feb 16, 2019 6:54am
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.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB
Click to Enlarge Name: Screenshot2.png Size: 99 KB
  • #8,692
  • Feb 16, 2019 6:56am Feb 16, 2019 6:56am
Low volume and when not to trade. You will get a bunch of stop outs here.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB
  • #8,693
  • Feb 16, 2019 7:01am Feb 16, 2019 7:01am
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.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 78 KB
  • #8,694
  • Feb 16, 2019 7:05am Feb 16, 2019 7:05am
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.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 123 KB
  • #8,695
  • Edited 8:14am Feb 16, 2019 7:22am | Edited 8:14am
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)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 120 KB
Click to Enlarge Name: Screenshot3.png Size: 244 KB
  • #8,696
  • Apr 29, 2019 5:03am Apr 29, 2019 5:03am
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.
  • #8,697
  • Apr 29, 2019 5:11am Apr 29, 2019 5:11am
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.
  • #8,698
  • Apr 29, 2019 6:32am Apr 29, 2019 6:32am
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.
  • #8,699
  • Apr 29, 2019 6:41am Apr 29, 2019 6:41am
Quoting Simply-Me
{quote} Can you be more specific?
I often refer to the TMAs on the one minute for exits particularly.
  • #8,700
  • Apr 29, 2019 7:20am Apr 29, 2019 7:20am
nothing new. as usual
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 36 KB
0 traders viewing now