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  • #641
  • Mar 20, 2013 7:31am Mar 20, 2013 7:31am
Very nice George!
Quoting 919gilead
Reluctant to open the books but this was when I started with the M1 TF and I slowed down this month to do some more research with M5 and staying longer trades, before I saw DNA's thread. Just wanted to confirm that it is possible. When I perfect this, I will increase the lot size but will be very selective of my trades.

Just closed another quick long trade in the GJ, and looking to re-enter on pullback.

Good trading DNA
  • #642
  • Mar 20, 2013 7:31am Mar 20, 2013 7:31am
Quoting 919gilead
I will retreat into the background, and show up once in a while.

See you guys
George, you are absolutely right! Thank you for everything you've done and good luck!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #643
  • Mar 20, 2013 7:32am Mar 20, 2013 7:32am
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.

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...

Hi! I don`t use DNA system neither, but I'm applaying his leverage to my trading. I put a 20pips sl on e/u and 30pips sl on e/j and g/j. My tp is 5 pips on e/u and e/j and 8 pips on g/j.
I where reading this and missed the g/j too!
I open a demo account with 100usd, lets see if I can make it grow. I'm planning to grow it to 2500usd and then go live!
good luck!
I know where the market is going to move next: to the righ! XD
  • #644
  • Mar 20, 2013 7:40am Mar 20, 2013 7:40am
Quoting Favorite
George, you are absolutely right! Thank you for everything you've done and good luck!
Thank you too my friend
Low Risk Low Stress High Reward High Probability Trades
  • #645
  • Mar 20, 2013 7:41am Mar 20, 2013 7:41am
Hi guys great thread. Can 919glead comment on the chart below. I took both trades on the EUR/JPY. Trade 1 failed but trade 2 was very successful. Can you suggest a filter on how to avoid such trades. The red and green line is the babon slope.

Thanks,

Ian
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym5.png Size: 47 KB
Island hopping throughout the Caribbean
  • #646
  • Edited 7:57am Mar 20, 2013 7:43am | Edited 7:57am
This is why I scalp, as 40 pips daily will translate into $8,000 per month. So why allow the market take back the money from me when I can scalp in and out of trend, so long as I am not trading against the intra day trend. Again, notice the divergence on the LCSM as price made a high without equivalent movement in the LCSM. Hello traders, are you seeing the power of the LCSM
Attached Image (click to enlarge)
Click to Enlarge Name: gj trade setup2 - 3202013.gif Size: 96 KB
Low Risk Low Stress High Reward High Probability Trades
  • #647
  • Mar 20, 2013 7:45am Mar 20, 2013 7:45am
I am just curious about the risk MM of any scalping system. Is there any specific model to manage risk for scalping just a few pips with larger SL? Is due to reasonable RR? Super high accurate system?
  • #648
  • Mar 20, 2013 7:50am Mar 20, 2013 7:50am
Quoting dumplin_eater
Hi guys great thread. Can 919glead comment on the chart below. I took both trades on the EUR/JPY. Trade 1 failed but trade 2 was very successful. Can you suggest a filter on how to avoid such trades. The red and green line is the babon slope.

Thanks,

Ian
On your 1st trade, price was just going above the Babon slope, and a wait for that candle to close and entering few pips about it would have saved you the loss since the next candle (price) never went above it as the next candle was an inside bar. The LCSM and Matrix indicators could be good filters, and I already referenced them few posts behind.
Low Risk Low Stress High Reward High Probability Trades
  • #649
  • Mar 20, 2013 7:54am Mar 20, 2013 7:54am
Quoting dumplin_eater
Hi guys great thread. Can 919glead comment on the chart below. I took both trades on the EUR/JPY. Trade 1 failed but trade 2 was very successful. Can you suggest a filter on how to avoid such trades. The red and green line is the babon slope.

Thanks,

Ian
I'm not George, but since you use Babon I can explain. I suggested Babon with settings 10 for M1. Babon is a very accurate indicator, it needs different settings for different timeframes. For example when I was trading M15, I was using settings from 17 to 24 depending on the currency.

This is M5. M5 needs totally different Babon's settings, at least 20, maybe even more, that depends on the currency. If you were using Babon with setting 20, you would see red line at your first trade and green line at your second trade.

Quoting 919gilead
On your 1st trade, price was just going above the Babon slope, and a wait for that candle to close and entering few pips about it would have saved you the loss since the next candle (price) never went above it as the next candle was an inside bar.
That's a good point too.

And if I were dumplin eater, I would exit at least when the color changed to red. It's better to lose a couple of pips than wait until your stop-loss get hit. When I trade DNA's-style, I have 30 pips emergency SL, but if I see that price went against me I exit.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #650
  • Mar 20, 2013 8:21am Mar 20, 2013 8:21am
I trade dna's style, but instead of using a stoploss i use hedged position, it's really effective but it's only 14 trades with 100% win ratio.
At the beginning i thinked about using a leverage of 500:1 for every position but that's too risky and i burned a demo account.
Now i use between 100 and 200 and it works fine.
I stopped using slope cause i find it not enough efficient, instead i use 2 EMA (5 & 13).
My name is Martin... Martin Gale
  • #651
  • Mar 20, 2013 8:28am Mar 20, 2013 8:28am
919 i skimmed your other post, and the gist of it is what i posted. if that wasn't the meat in the sandwhich then so be it, but that's what i took from it, and from other posts in this thread.

the reason i skim posts on the forum, and especially in threads like this is :

Quoting condor666
I trade dna's style, but instead of using a stoploss i use hedged position, it's really effective but it's only 14 trades with 100% win ratio.
At the beginning i thinked about using a leverage of 500:1 for every position but that's too risky and i burned a demo account.
Now i use between 100 and 200 and it works fine.
I stopped using slope cause i find it not enough efficient, instead i use 2 EMA (5 & 13).
if someone can explain why this thread is still ongoing in 50 words or less that'd be swell. otherwise, wtf?
Congratulations ScalaFX for coming out of the closet!
  • #652
  • Mar 20, 2013 8:29am Mar 20, 2013 8:29am
Quoting condor666
I trade dna's style, but instead of using a stoploss i use hedged position, it's really effective but it's only 14 trades with 100% win ratio.
At the beginning i thinked about using a leverage of 500:1 for every position but that's too risky and i burned a demo account.
Now i use between 100 and 200 and it works fine.
I stopped using slope cause i find it not enough efficient, instead i use 2 EMA (5 & 13).
i'd like to learn hedging.........
  • #653
  • Mar 20, 2013 8:29am Mar 20, 2013 8:29am
ok! 4 trades today +20pips! day work: done!
I know where the market is going to move next: to the righ! XD
  • #654
  • Mar 20, 2013 8:35am Mar 20, 2013 8:35am
Quoting fugio
ok! 4 trades today +20pips! day work: done!
very good
  • #655
  • Mar 20, 2013 8:35am Mar 20, 2013 8:35am
if someone can explain why this thread is still ongoing in 50 words or less that'd be swell. otherwise, wtf?[/quote]


This treath is about MM, not a system or method! you can use what you want.
Still ongoing because we still learning from each other, and making pips! I don't need anything else!
I know where the market is going to move next: to the righ! XD
  • #656
  • Mar 20, 2013 8:37am Mar 20, 2013 8:37am
Quoting dnabrasil
very good
Thank you!
I know where the market is going to move next: to the righ! XD
  • #657
  • Mar 20, 2013 8:39am Mar 20, 2013 8:39am
Quoting condor666
I trade dna's style, but instead of using a stoploss i use hedged position
As a matter of fact, I use locks instead of stop-losses, and when I say "30 pips stop-loss" I say it because I don't want to start here a discussion "stop-losses vs locks".
Gentlemen always play by the rules. If they can't, they change the rules.
  • #658
  • Mar 20, 2013 8:41am Mar 20, 2013 8:41am
+16 pips.

Doubled the account today.
Attached Image
Gentlemen always play by the rules. If they can't, they change the rules.
  • #659
  • Mar 20, 2013 8:42am Mar 20, 2013 8:42am
dnabrasil has proved himself. YOU either get it or you don't. let the hustlers get this money.

he never said he was gonna make 300% a week in definately or whatever.

It is really his MM that is key. He is like a poker player.

Say you have 5k you split that into 5 $1ks.

You then have 5 tries at flipping those $1ks into $3k, $4k etc... increasing at an increasing rate, then you sart again with your new balance $8k split that up into 5 and doit again. dnabrasil is a hustler.

look you are never gonna have an arithmetic system i.e "I make 10/20/30 pips a day, looking at support and resistance". Stop wasting your time.

All the haters ruined this topic (around 50% of the replies) and he was only trying to show you another way of thinking.
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 17.5%
  • #660
  • Mar 20, 2013 8:44am Mar 20, 2013 8:44am
Hi DNA,
I won't try to guess what hedging he uses but I was thinking about doing something similar using your large-stop method.
For example, if you get into a trade & it doesn't hit your target, moves about 20 pips away & you think it may take a while to hit the target as the trend has changed, I would then find a pair that has a high correlation to that pair. I would now trade scalping that pair but only in the opposite direction of the pair you're stuck in with a loss. That way if you now get stuck in a trade with the current scalping pair, you could hold onto that one also & if they are highly correlated to the first pair, one of the positions should hit the target as they are one long & one short.
Just some thinking about how I might try to use a modified version of your method.
Thanks!
Quoting dnabrasil
i'd like to learn hedging.........
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