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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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  • #621
  • Mar 20, 2013 6:11am Mar 20, 2013 6:11am
Quoting ~bull.bear~
He just blow up his demo account by trading 10 lots for $10,000. I think it is better to maintain 1 lots for $1,000, so not to wipe out everything in one trade. Everything is still possible if bad luck come to you. I think his LIVE trading is different compare to demo.
  • #622
  • Mar 20, 2013 6:22am Mar 20, 2013 6:22am
Quoting dnabrasil
doh! i was forgetting:

if you look with attention, i started it yesterday with 111$, toady i'm a 241$...(closed another trade in the meanwhile)...

let's do a little math: 241 - 111 = 130 gain in one and a half day
130 x 100 / 111 = 117 %......

mmmmh i think it is very good, and you?


well, but if you have to fight your greed.... pay attention!
Well I am not here to bash your system like some of the rest of them.
Just want to know more. So you start small accumulate your winnings and withdraw them
After a certain amount. That I get it now.
  • #623
  • Edited 6:33am Mar 20, 2013 6:23am | Edited 6:33am
Another trick for you guys - I trade off the M5 TF with the LCSM but watch the M1 LCSM. Before I enter a trade, I want to see the M1 LCSM leading and the M5 LCSM following. I also have a dashboard that monitors all the individual currencies, and then my 28 pairs for the most active for the day.

Look at the M1 LCSM - all the lines have converged and no trade until they begin to move again. This was why I said in my first post on this thread that every move starts from the M1 & M5 TFs, and the HTFs play catch up.

Take a peep but please don't ask for anything. I am still in the forex lab working, and lots of things are work in progress, so no distraction
Attached Image (click to enlarge)
Click to Enlarge Name: multi purpose dashboard w mtf analyser - 415 am pst - 3202013.gif Size: 313 KB
Low Risk Low Stress High Reward High Probability Trades
  • #624
  • Mar 20, 2013 6:27am Mar 20, 2013 6:27am
[quote=dnabrasil;6530310]but hey,

how many dollars you want to catch peer month???????

quite a few... maybe 2k or so
  • #625
  • Mar 20, 2013 6:30am Mar 20, 2013 6:30am
2K is 100 per day....

you could do it
  • #626
  • Mar 20, 2013 6:30am Mar 20, 2013 6:30am
[quote=Danny Maina;6530417]
Quoting dnabrasil
but hey,

how many dollars you want to catch peer month???????

quite a few... maybe 2k or so
Then divide the $ amount by the number of trading days in the month, to give you how much you need to make daily/weekly and you begin to see the possibilities.
Low Risk Low Stress High Reward High Probability Trades
  • #627
  • Mar 20, 2013 6:35am Mar 20, 2013 6:35am
[quote=919gilead;6530431]
Quoting Danny Maina

Then divide the $ amount by the number of trading days in the month, to give you how much you need to make daily/weekly and you begin to see the possibilities.
I only take 220 pips monthly... not much maybe one trade a week or two.
100 pips a day....Thats too much work for me.
  • #628
  • Mar 20, 2013 6:38am Mar 20, 2013 6:38am
Quoting 919gilead
I think he just finished proving his point, and wanted to give the market back the pips in a show of strength, that I beat you He has to respect the market though
Everything went exactly according to the maths said it would go. Perharps believers and worshipers will read my posts again and try and understand.... Or they will just keep believing.

So let's summerize:
- The hyper-asymmetrical TP/SL ratio doesn't give an edge by itself.
- The expectancy of the system is negative, so no money can be made long term.
- No MM can possibly turn it, nor any other losing system, into a winning system (http://www.forexfactory.com/showthre...87#post6379487)
- This particular MM makes the strategy collapse under its own weight due to the increase of lot size after 40 winners: the first loser kills more than 40 previous winners since the R:R=1/40.

Also note the OP didn't follow his own rules (see the explorer).
No greed. No fear. Just maths.
  • #629
  • Mar 20, 2013 6:42am Mar 20, 2013 6:42am
Quoting PipMeUp
Everything went exactly according to the maths said it would go. Perharps believers and worshipers will read my posts again and try and understand.... Or they will just keep believing.

So let's summerize:
- The hyper-asymmetrical TP/SL ratio doesn't give an edge by itself.
- The expectancy of the system is negative, so no money can be made long term.
- No MM can possibly turn it, nor any other losing system, into a winning system (http://www.forexfactory.com/showthre...87#post6379487)
- This particular MM makes the strategy...
What actually matters on the explorer is:

win rate 91.2%
Avg Winning Trade: 6.2% ($243)
Avg losing trade -26.3% (-$2,449)

The point is proven. End of........
Doing what you like is Freedom. Liking what you do is Happiness.
  • #630
  • Mar 20, 2013 6:43am Mar 20, 2013 6:43am
Quoting dnabrasil
its spreadbetting, explorer shows £10 a pip as 10 lots... only a fool would take on such risk...think about it!

Trading is all about surviving to come back the next day... rule No.1

Also, I put a live explorer, yours is demo....
tradewith60
  • #631
  • Mar 20, 2013 6:49am Mar 20, 2013 6:49am
Quoting dnabrasil
hey man,

thinking the same, about ej:

if you look at the hour and minute, you will see first a sell and in the same minute a buy!!!!

you know looking at the forum, at my mt4, reading news on the net and... still waiting for my daugther, i'm some little nervous and i clicked on short instead of long, so closed it immediately!!!
What you're doing is even more impressive considering how stressful it must be for you (waiting for your daughter). And about EJ, yeah, that's the power of support and the trend. We should never stand in the way of a running train.

Quoting dnabrasil
...

ah! remeber, you can trade one account and make the same trades on another account!
I would love to learn more about how you do that on mt4. Do you use some kind of trade copier? Very inspiring.


P.S. And by the way, my name is Joanna or Jo for short


All the best!
mind over matter
  • #632
  • Edited 7:07am Mar 20, 2013 6:57am | Edited 7:07am
Quoting PipMeUp
Everything went exactly according to the maths said it would go. Perharps believers and worshipers will read my posts again and try and understand.... Or they will just keep believing.

So let's summerize:
- The hyper-asymmetrical TP/SL ratio doesn't give an edge by itself.
- The expectancy of the system is negative, so no money can be made long term.
- No MM can possibly turn it, nor any other losing system, into a winning system (http://www.forexfactory.com/showthre...87#post6379487)
- This particular MM makes the strategy...
PipMeUp,

I agree with you that the system will not give any edge if a 100 pip stop is used, and you continue to trade with the kind of lot size he just used. But the question is, can we make few adjustments to his system and make it profitable. I say yes, and that's what each trader has to do, and chart a course for themselves. The reason 95% of traders lose is because they refuse to get educated and understand the reasons why the market moves in a particular way. There are those who don't trade with indicators and bash those who do; because they do not understand how to use those indicators, and they label them lagging but there is a way you can combine 2 - 4 lagging indicators, and turn them into leading indicators. You don't believe me, visit the Genesis Matrix Trading thread. Read this IFR/VFR analysis from the same thread. Traders are researching daily into how they can improve their trading system, and so should we.

Go to the SonicR thread, and see how Professor TAH claims their system is the best, and yet you can't explain the rationale behind some of his trades. And I quite agree that they have a great system. The combination of the SonicR with the GMTS will produce a winner any day. TAH has been shorting the Euro since Monday and adding to the losing trades with mental SL, while we have been taking little pips on the long side, and should the market reverse, then we'll follow the market again. And of course, he does warn traders that they are scout trades.

We can still scalp with a bit of commonsense IMHO. Just my 2 cents. And don't forget - there is no competition with other traders. You reap what you sow into your own account
Low Risk Low Stress High Reward High Probability Trades
  • #633
  • Mar 20, 2013 7:06am Mar 20, 2013 7:06am
+18 pips in this trade.

+87% for the whole day.
Attached Image
Gentlemen always play by the rules. If they can't, they change the rules.
  • #634
  • Mar 20, 2013 7:09am Mar 20, 2013 7:09am
Quoting 919gilead
PipMeUp,

I agree with you that the system will not give any edge if a 100 pip stop is used, and you continue to trade with the kind of lot size he just used. But the question is, can we make few adjustments to his system and make it profitable. I say yes, and that's what each trader has to do, and chart a course for themselves. The reason 95% of traders lose is because they refuse to get educated and understand the reasons why the market moves in a particular way. There are those who don't trade with indicators and bash those who do; because they...
so, a lot of words to basically say that you want to learn from someone who proved they didn't know what they were doing, despite what everyone else said. and on top of this, you are going to continue to ignore the obvious criticisms of this, and every thread like it.

yep, no doubt i'm in the factory.
Congratulations ScalaFX for coming out of the closet!
  • #635
  • Mar 20, 2013 7:10am Mar 20, 2013 7:10am
Quoting Favorite
+18 pips in this trade.

+87% for the whole day.
Low Risk Low Stress High Reward High Probability Trades
  • #636
  • Mar 20, 2013 7:12am Mar 20, 2013 7:12am
Quoting dnabrasil
ah! remeber, you can trade one account and make the same trades on another account!


That's a good one! That's the best one forever!

DNA, people either get it or don't get it!

I personally knew that that's just a sample account all along, even before your explanation.

But if somebody doesn't understand it - he wouldn't get it whatever you say to him.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #637
  • Mar 20, 2013 7:16am Mar 20, 2013 7:16am
Quoting nubcake
so, a lot of words to basically say that you want to learn from someone who proved they didn't know what they were doing, despite what everyone else said. and on top of this, you are going to continue to ignore the obvious criticisms of this, and every thread like it.

yep, no doubt i'm in the factory.
Read my post from the very beginning, and I posted my live statement too. I don't trade the way he does but believe in the principles of what he does. Just don't use 100 pip SL. I am not learning from him, and that is why I am making some positive contributions rather than bashing or criticizing him. I love constructive criticism - tell us what is wrong, and how it can be corrected, or how you trade.

Just missed my GJ re-entry trade No distraction again. This is the kind of scalping that I am talking about. There was an established trend, price pulls back, and we wait to re-enter on the M1 or M5 TF as price resumes the trend. Period.
Low Risk Low Stress High Reward High Probability Trades
  • #638
  • Mar 20, 2013 7:19am Mar 20, 2013 7:19am
Quoting realjumper
What actually matters on the explorer is:

win rate 91.2%
Avg Winning Trade: 6.2% ($243)
Avg losing trade -26.3% (-$2,449)

The point is proven. End of........
Quoting 919gilead
PipMeUp,

I agree with you that the system will not give any edge if a 100 pip stop is used, and you continue to trade with the kind of lot size he just used. But the question is, can we make few adjustments to his system and make it profitable. I say yes, and that's what each trader has to do, and chart a course for themselves. The reason 95% of traders lose is because they refuse to get educated and understand the reasons why the market moves in a particular way. There are those who don't trade with indicators and bash those who do; because they...
Quoting 919gilead
Read my post from the very beginning, and I posted my live statement too. I don't trade the way he does but believe in the principles of what he does. Just don't use 100 pip SL. I am not learning from him, and that is why I am making some positive contributions rather than bashing or criticizing him. I love constructive criticism - tell us what is wrong, and how it can be corrected, or how you trade.
Guys, you both have made very good points, but people see what they want to see and hear what they want to hear. As nubcake said, we are in the factory!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #639
  • Mar 20, 2013 7:22am Mar 20, 2013 7:22am
This is the kind of scalping that I love to do. Identify a setup, wait for the pullback, watch both M1 & M5 LCSM and enter as price closes above/below the 12MA with stop below the setup candle, which must not be more than 7 - 20 pips or at most 25 pips. See how Stochastic engages and embeds from extreme OS position. And someone will tell me, it is a lagging indicator!!!
Attached Image (click to enlarge)
Click to Enlarge Name: gj trade setup - 3202013.gif Size: 88 KB
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  • #640
  • Mar 20, 2013 7:28am Mar 20, 2013 7:28am
Quoting Favorite
Guys, you both have made very good points, but people see what they want to see and hear what they want to hear. As nubcake said, we are in the factory!
I rest my case, and will concentrate on my trading - just missed 40+ pips in the GJ long I have been stalking since it's pullback. I will retreat into the background, and show up once in a while.

See you guys
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