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Daytrading/scalping with high leverage - my proven strategy

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  • #521
  • Mar 19, 2013 8:23am Mar 19, 2013 8:23am
Quoting 919gilead
Your LCSM result will not be correct with just 3 currencies, you have to either turn all the 8 currencies on or the 2 that constitute the pair you are trading.
Hi George
Thanks for the feedback! Removed $ and it doesn't look a lot different...
Attached Image (click to enlarge)
Click to Enlarge Name: ej2.png Size: 42 KB

I also have this on another chart
Attached Image
  • #522
  • Mar 19, 2013 8:29am Mar 19, 2013 8:29am
Quoting kosmo
Hi George,

I've spotted your post on the Genesis Matrix thread first, and it led me here. Just want to say thank you for your contributions and detailed explanation of the way you trade. I've included your LCSM in my charts, supplementing the popular 1000pipsMini which I had already. It's great

You're welcome Kosmo Great scalping results from you today
Low Risk Low Stress High Reward High Probability Trades
  • #523
  • Mar 19, 2013 8:33am Mar 19, 2013 8:33am
Quoting Favorite
I see. Thank you!

And your DD/SL research sounds very interesting, I hope you'll post the results when you're good and ready.
Thanks. With 4-5 trades a day I should be able to gather some basic data in about a month. I'm interested myself
mind over matter
  • #524
  • Mar 19, 2013 8:37am Mar 19, 2013 8:37am
Quoting jonnypants
Hi George
Thanks for the feedback! Removed $ and it doesn't look a lot different...
Attachment
I also have this on another chart
Attachment
If you set all currencies to true, then you can compare with picking just 2 currencies that constitute a currency pair. My objective of using the LCSM is to identify weak and strong currencies. Sometimes you will have 2 weak currencies but one is weaker than the other. If you put these two weak currencies against each other, you will still find one stronger than the other but you have no edge trading two weak currencies against each other. The advantage of the LCSM is in trading a weak against a strong currency, then you can expect to move your stop to BE as quickly as possible with a possible 10 - 25+ pips profit.

Cheers,

George
Low Risk Low Stress High Reward High Probability Trades
  • #525
  • Mar 19, 2013 8:37am Mar 19, 2013 8:37am
It will look considerably different if you add all 8 currencies. If you have only the 2 on your chart, they will always be a mirror image of each other. Serves no purpose. More currencies gives a strength showing in relation to all currencies & not just in relation to the opposite one on your chart.
Quoting jonnypants
Hi George
Thanks for the feedback! Removed $ and it doesn't look a lot different...
Attachment
I also have this on another chart
Attachment
  • #526
  • Mar 19, 2013 8:40am Mar 19, 2013 8:40am
Quoting srt
It will look considerably different if you add all 8 currencies. If you have only the 2 on your chart, they will always be a mirror image of each other. Serves no purpose. More currencies gives a strength showing in relation to all currencies & not just in relation to the opposite one on your chart.
You're right on pal
Low Risk Low Stress High Reward High Probability Trades
  • #527
  • Mar 19, 2013 8:40am Mar 19, 2013 8:40am
Quoting jonnypants
hey mr favorite some good trading going on there over the pond!
been playing with these indies myself; interestingly this broker had a down candle on 11:54 and according to the LCSM not sure you should have taken that one Anyway good trading to all!
Attachment
Clicked on the paperclip symbol in the upper-right corner of the page (attached indicators and images) and could not find the LCSM indicator there. Can someone suggest a page/link where I can download it from?
Thanks.
  • #528
  • Mar 19, 2013 8:42am Mar 19, 2013 8:42am
Quoting 919gilead
You're welcome Kosmo Great scalping results from you today
Thank you, George
mind over matter
  • #529
  • Mar 19, 2013 8:47am Mar 19, 2013 8:47am
Quoting kosmo
Hi George,

I've spotted your post on the Genesis Matrix thread first, and it led me here. Just want to say thank you for your contributions and detailed explanation of the way you trade. I've included your LCSM in my charts, supplementing the popular 1000pipsMini which I had already. It's great
George,
You have explained somewhat your trading method in this thread earlier, I take it from what Cosmo writes that there is a more detailed explanation in the Genesis Matrix thread?
Thanks
  • #530
  • Mar 19, 2013 8:52am Mar 19, 2013 8:52am
Quoting MidnightRun
George,
You have explained somewhat your trading method in this thread earlier, I take it from what Cosmo writes that there is a more detailed explanation in the Genesis Matrix thread?
Thanks
Yes MidnightRun, and you will find the PDF on the first page
Low Risk Low Stress High Reward High Probability Trades
  • #531
  • Mar 19, 2013 8:56am Mar 19, 2013 8:56am
Quoting 919gilead
You're right on pal
ok thanks for the heads up!Looks like a couple of quick profitable scalps at 12:35 and 13:19........................
Attached Image (click to enlarge)
Click to Enlarge Name: eu3.png Size: 52 KB



hey midnightrun, the LCSM indicator is called 'Pilotui_MY_STRENGTH_V1.0'......here you go.....
Attached File(s)
File Type: ex4 ^Pilotui_MY_STRENGTH_v1.0.ex4   19 KB | 386 downloads
  • #532
  • Mar 19, 2013 8:58am Mar 19, 2013 8:58am
I missed this trade as I went back to bed after my Aussie short - I'm 8 hours behind GMT. Patience is all we need and will always find a setup that fits our rules. No setup for me, no trade. So I go round the charts every 30 minutes for possible setups, and then start looking for possible trade(s) if I find one. No event, no location. If there is no ordination of the Pope, no need to visit Rome
Attached Image (click to enlarge)
Click to Enlarge Name: cc trade setup - 3192013.gif Size: 104 KB
Low Risk Low Stress High Reward High Probability Trades
  • #533
  • Mar 19, 2013 8:58am Mar 19, 2013 8:58am
Hi everyone!!!
1st I want to thanks and congratulate to you dnabrasil because of the thread. You are a guy with GUTS to post something so anarchist in this kind of elite trading site. You break the rules and running against them.

2nd I m sorry about my English, it s very very bad.


3rd. I m a full time trader making a very good many with a high leverage. why? because I realize that most of the traders even most of the PRO ONES take a lot of care about entry and exit. A lot of math plotting so complicated indis have a lot of screen time and a lot of experience, buy they (and they was me some time ago) are complete blind about MM. And here the most important think...... math is so clear and accurate in Money Management too, so as a trader with two legs, i have to train one of them in trading and the other in MM, which I found that as profitable as the 1st one.

4th just my 2 cent (that you can grow them until 2 M, yes no joking), Math tell us that we have to know our R/R and W/L ratio to calculate the best leverage to achieve the best results according to the Kelly formula (that is why, if you aloud me, i will recommend you to back test, and once you do that you will avoid the margin call forever!!!).
Kelly formula is F= (bp-q)/b. F is the percentage or risk in every trade (as a percentage of you account), b is the R/R ratio, p is the probability of winning and q is 1-p.
Saying that now I say that I risk 20% in each trade with a R/R ratio of 1 and 60% of wining (actually is a little more).

That s all till now. I hope to hear more about you.
Thanks again.
abd
  • #534
  • Mar 19, 2013 9:12am Mar 19, 2013 9:12am
Quoting 919gilead
I missed this trade as I went back to bed after my Aussie short - I'm 8 hours behind GMT. Patience is all we need and will always find a setup that fits our rules. No setup for me, no trade. So I go round the charts every 30 minutes for possible setups, and then start looking for possible trade(s) if I find one. No event, no location. If there is no ordination of the Pope, no need to visit Rome
Hey George, LOVELY CHART THAT ONE!
I tried to watch multiple charts some years ago but actually disappeared up my own backside for a while
You're actually making me think I should invest in a few more monitors either that or I need some sort of alert service......
Cheers
  • #535
  • Mar 19, 2013 9:14am Mar 19, 2013 9:14am
Quoting jonnypants
Hey George, LOVELY CHART THAT ONE!
I tried to watch multiple charts some years ago but actually disappeared up my own backside for a while
You're actually making me think I should invest in a few more monitors either that or I need some sort of alert service......
Cheers
Wait for my next post, and let's see whether we can get a coder or programmer to help
Low Risk Low Stress High Reward High Probability Trades
  • #536
  • Mar 19, 2013 9:19am Mar 19, 2013 9:19am
Quoting jonnypants
ok thanks for the heads up!Looks like a couple of quick profitable scalps at 12:35 and 13:19.
I would enter at 13:19 and 13:38.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #537
  • Mar 19, 2013 9:20am Mar 19, 2013 9:20am
Quoting kosmo
With 4-5 trades a day I should be able to gather some basic data in about a month.
That's great!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #538
  • Mar 19, 2013 9:22am Mar 19, 2013 9:22am
Hi Guys & Gals,

Is there any coder or programmer here that can work me on some ideas regarding this indicator that can also help our trading? Original indicator is here.

~bull.bear~, is this something you can play with? If it is, let us get together, and I still have some other unconventional ideas up my sleves too
Attached Image (click to enlarge)
Click to Enlarge Name: market movers - 7 am pst 3192013.gif Size: 100 KB
Low Risk Low Stress High Reward High Probability Trades
  • #539
  • Mar 19, 2013 9:28am Mar 19, 2013 9:28am
Quoting 919gilead
Hi Guys & Gals,

Is there any coder or programmer here that can work me on some ideas regarding this indicator that can also help our trading? Original indicator is here.

~bull.bear~, is this something you can play with? If it is, let us get together, and I still have some other unconventional ideas up my sleves too
what do you want to do with this indi?
Follow me to the Promised Land
  • #540
  • Mar 19, 2013 9:29am Mar 19, 2013 9:29am
Quoting Favorite
I would enter at 13:19 and 13:38.
I thinking you should keep out at 13:38 Captain!?
Reason: blue Euro line above the zero line......

I've thought of a new strategy that means you're always in the market Buy when the babon line turns white and sell when it turns red?
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