Daytrading/scalping with high leverage - my proven strategy

Larry Williams trades $1,000,000 live accounts live in his seminars, guess he a real idiot


Nobody else's business is right, unless you are selling something

Why cant you just respect the way it is traded in this thread and just leave if it does not suits you. It is verry anoing to read same old things over and over again that have nothing to do with this strategy. In the first pages we have already discussed that this is a risky strategy and that one shall use demo account first and that is not for beginners or anything you dont need to repeat that you just messing up the thread, for the people here that are intreted in it.

Best regards

I'm not talking about the marketers, gurus, and their seminars, I'm talking about the professional traders who make their living by trading, NOT marketing.

And neither topicstarter nor other experienced traders sell anything here.

So what is your point?

Please can we get back to topic of this thread and leave the poeple that wanna spoil this thread alone to their own. Please


Best regards

Could be a good point, but unfortunately they keep creeping in one after another and ignoring them doesn't help, on the contrary - they become even more vocal.

Hi Vox Dei,

Just click on the here and here links, and it will take you to the thread where you can download the indicators.

Have a good one too.

Cheers, and God bless

George

No. I meant, couldn't find it before you posted the links with the files. The links work fine Thanks for the help though. You guys are the best.

Cheers

You're welcome, and it is our pleasure to support each other

Hi Jgadefelth:

Good suggestion, and someone also sent me a PM requesting the same thing but unfortunately I don't have the time or patience to manage a thread, apart from the fact that my system is from knowledge gained here and there, and the information are available on those threads. Permit me to use this response to address other traders that have similar views. I do not believe you can learn everything from one source and therefore have to piece together what works for you and build your own system, as each trader is different.

I have already discussed the way I trade in the last few posts, and my way of thinking and trading is not for newbies, and even some experienced traders may also not find it appropriate but I have learnt that trading outside of the box is the way to go. If you continue to do what everybody is doing, you will also get what they are getting unless of course it is something that is working. And even then, it is a matter of time before it will exhaust its usefulness because everybody is doing the same thing.

Each trader has to chart his/her own course, spend screen time watching, learning, practicing and correcting mistakes on demo before proceeding to a live account. I built my system from learning from the following threads and from my failures, spanning over 3 years, and I am still learning:

 

1. the Sonic R System, and what I took away from it, is the simplified PA wave movement. This method is used on the M15 TF but I trade off the M5 TF;
2. Simple Money Making Method, and this was where I took the 12 & 72MAs that replaced my 20MA entry channel, and changed the 72MA of close to low, as I find that more suitable to the way I trade. This method is used on the H1 TF but I trade off the M5 TF;
3. Another Simple System - Time frame 15. Took nothing away from here, as it just corroborated what I already knew and was trading, especially with the 200MA. Again, this method is used on the M15 TF but I trade off the M5 TF;
4. Trading Price II - the best and most simplified explanation of trading supply and demand levels (resistance and support). This can be traded on any TF;
5. Currency Index Cross Referencing - more about trading weak against strong currencies, which I previously learnt the basics from Forex Early Warning;
6. There are other systems too and paid courses where I also gleaned one or two things, and only took what I considered useful for my own style of trading;
7. And finally, the Genesis Matrix Trading system where I have learnt a lot too. The system is built to trade off the M5 TF but can be used on other TFs too. I use only the Matrix dots and MTF Stochastic from this system.

My 200MA signal channel lines and 20MA entry channel lines was developed from a friend's (Zoltan's) proprietary trading system, and he trades slightly different from the way I trade and use different MAs and TFs. And this is why I said above that each trader has to chart his/her own course. You can not be copying what every other person is doing. Each indicator that you find on my system has its own job and if you read my 1st post, you will notice that it was without any indicator as I can also trade naked charts.

In my next post, I introduced the linear CSM I use as filter (and mentioned getting this from the ALF revisited - simple, effective daytrading system). If you visit this thread or download the original indicator, you will notice it is different from what I posted because I alter and adapt indicators to suit my own style of trading. This is majorly part of why I can't start a thread because I believe as you learn from here and there, you should build your own system. This was also why I did not give out templates, as a good trader should learn to assemble his indicators and build his system, and this way you understand everything that constitute the system.

My next post was a screenshot of potential Euro trades, as I closed a short trade with another long trade in place. I used post 284 and post 287 to "diagnose" DNA's EJ & EA trades offering what I would have done differently and why, rather than criticizing or calling him names, as some are quick to do.

In post 300, I added other indicators from the Genesis Matrix Trading thread and explained what I used them for.

Every indicator on my chart has a job, and in building a system, a trader needs to understand what he is doing, why an indicator has to be on his chart and what he needs in order to successfully accomplish the task ahead. Trading is war, and you have to be prepared. You don't underestimate your enemy or the market in this case. Respect the market, and the market will respect you. This is why you can't copy me, and I can't copy you because we are differently made. You can be successful with a system, and I may not - not because the system is not good but because of our nature or emotion - we are differently wired. Traders should get the education they need as this is majorly why 95% of traders fail. One finds a successful doctor and instead of going to a medical school, you want him to teach you how to perform surgery - why? Quick profit!! If I am going to be successful, I need to be educated, thorough and grounded, and this way you will not be jumping from one system to another. Read, learn, test, backtest and build your own system, and you will be successful even when others can't see what you see. They will be in the audience while you will be at the center of the performance. An instructor once said, "if you are able to recognize a trend, you probably never benefited from the move and someone else did." Why? Because we anticipate price movement before it happens, and I strongly believe every move starts from the M1 to M5 TF, and if the higher TFs catches on, then I remain in the trade for a gravy train ride.

A good trading system and strategy must therefore be built to identify:

1. possible trend direction on any time frame;
2. periods of consolidation/congestion when not to trade, but wait for the eventual breakout;
3. optimal entry point that will put the trader at an advantage over the herds;
4. a safe place for the stop loss;
5. supply/demand zones or levels to take profit;
6. strong & weak individual currencies, and momentum of the trend.

And yet it must be simple and uncomplicated. The rules of the system must encourage patience & discipline, thus ensuring traders have strong reason(s) not to take a trade; because there are specific thing(s) we are looking for at particular location(s) before a setup can be worth considering. We therefore do not need to chase trades, but rather wait for trades to come to us. We also do not owe any loyalty to any pair nor should we be married to any, as there will always be at least one or two of the 28 "major" pairs that will align with our setup rules. We only need 5 - 10 of these nice setups to earn a living for the month, and we have 22 trading days in the month to achieve this with the help of God. There is therefore no need to chase trades, and it is very important to get ECN brokers with low spread on the 28 "major" pairs.

I trust you can glean one or two things from the links I provided and build your own system, then you will understand the makeup of the indicators in the system, and there purpose.

In the words of Henry Ford, "If you think you can do a thing, or you think you can't do a thing, you're right!!" Alex Ferguson also once said, "Soccer is a simple game but playing it simple is the hardest."

Enjoy the rest of your week end, and get ready for next week's trading sessions. Proper preparation prevents poor performance my friends.

Cheers, and God bless

George

Geroge,

If you could upload all indix and template here, it would help others a lot to look for them. God bless.

My humble trading room, and battle ground

I already did in some of the posts I referenced.

So you are talking about professionals like yourself and the threadstarter and not about amateurs like Larry Williams?

Nice trading room but too tidy for my taste.

100 pips SL is not necessary, it is simple math. We just have to find out how many pips and how many times it tested before it hit the limit then we will know the right MM for this strategy.

I respect the topicstarter and that's the only reason I'm going to ignore you. You can keep making a fool of yourself by yourself.

Totally agreeing you, why people who can't trade that way simply ignore the thread instead of being a fool.

No wonder the banks call retail dumb money,

Hi guys,
I have read all the thread and there are many skeptical people about this methodology. Let me tell you some things

A successful trading system is based on probability! If DnaBrasil with this system makes more profits than losses, he OBJECTIVELY wins, no matter what you will say. What is the difference between these 3 different systems of MM?

1) r/r = 0.05 , Win Rate = 98% (like DnaBrasil for instance)

2) r/r = 1 , Win Rate = 60%

3) r/r = 4 , Win Rate = 30%

There is NO DIFFERENCE! These 3 systems are (all 3) very effective because profits outcast losses, and this is OBJECTIVE, because Math does not lie!

If you are not comfotable with DnaBrasil's method of MM, because you think you're better than him or because you would not tolerate such a loss, then you're not a trader. Sorry for that but it's true. A good trader is not conditioned by emotions, but follow his edge and nothing else.

Cheers and Good luck!

1. you're basing his win rate on 4 days trading?

and 2, you're showing a lack of real experience, risk/reward and win rate is only relevant when you also include % of account risked, then you can calculate the chance of you wiping your account, so there is a big difference..

Newbies need to be warned before they follow people like this that only 1 side of the argument is being displayed, the upside!