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Daytrading/scalping with high leverage - my proven strategy

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  • #1,161
  • Edited 4:41am Mar 28, 2013 4:18am | Edited 4:41am
Quoting Pipsninja
Thanks Favorite for your continued efforts in teaching us your system. I got a late start today so missed all the action and price is just too close to TMA 5M for any trade to trigger at this moment. I will be patient and wait for A+ setup.
Thank you, Pipsninja!

Yes, the time of the day is important!

But there is a good news: Paul (Mr C) is working on the Dashboard, when we have Dashboard it will be much easier to watch 8-10 different currencies and we'll have much more opportunities than now, watching 1-3 currencies.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,162
  • Mar 28, 2013 4:22am Mar 28, 2013 4:22am
Quoting jeff75
DNA's style + Favorite strategy = the best.
My last trade on €/$ = +25 pips!
Good for you, Jeff!

Just imagine our trading in the future, with the new Dashboard! I just can't wait!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,163
  • Mar 28, 2013 4:25am Mar 28, 2013 4:25am
Speaking of the opportunities... I'm done for today, but EURJPY had several good entries too. Nice "TMA M1 beyond the Ichimoku cloud" pattern...
Attached Images
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,164
  • Mar 28, 2013 4:37am Mar 28, 2013 4:37am
Quoting Simonik

i personally don't think this is a pure mechanical system, like....you have to open a trade if X and Y and Z converge.

The PA is very important here...

For example, after Babon`s changes his color ( 1 candle closed), i check
- the position regards Ichi
- Genesis signals
- MA bands
- situation of higher TF (5m, 15m, 1h)
- PA

If all that are ok, i`m ok

But...i may take a trade 2-3-4candles after Babon changes his color if i`m convinced that PA is in my direction
Yes, that's a very good point!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,165
  • Mar 28, 2013 4:40am Mar 28, 2013 4:40am
Quoting Favorite
Good for you, Jeff!

Just imagine our trading in the future, with the new Dashboard! I just can't wait!
That's true!
For the moment I just look at €/$ and dax. This indice is very nice because it is very regular and
has a low spread. For the first time I begin to understand how works TMA. I must confess I didn't understand
the explanations given by alorente about TMA in his thread. It was the same even on the website you open in russian language!
This system was too complicated for me!
  • #1,166
  • Mar 28, 2013 4:41am Mar 28, 2013 4:41am
Hi Favorite

I first saw your posts on Xtreme TMA, and like you think it is one of the best indis available. I use FastTMA from that thread, it is supposed to be better coded than other TMA, don't know if is any better but easier on computer cpu.

This setup with Ichimoku is very clear and effective, thank you very much, it's the best method and combined with DNA style I am hopeful that I will become a consistently profitable currency speculator soon.

http://www.forexticket.co.uk/en/fore...-index#c_index

This site gives comparison of relative currency strength if one wants to see what to trade without clogging your chart with indis.

Good trading everyone.
When all conditions are met - Enter trade - sit back and FRET !!!
  • #1,167
  • Mar 28, 2013 4:47am Mar 28, 2013 4:47am
Quoting jeff75
That's true!
For the moment I just look at €/$ and dax. This indice is very nice because it is very regular and
has a low spread. For the first time I begin to understand how works TMA. I must confess I didn't understand
the explanations given by alorente about TMA in his thread. It was the same even on the website you open in russian language!
This system was too complicated for me!
Jeff, you're absolutely right, that's why now I tried to make it as simple as possible and I think I've made it!

Trading dax is a very good idea, and I think in the future we all will be able to find exactly what we want, including even the metals. I don't trade indices, but you know that you can trade dax with Babon successfully. I don't trade the metals, but I was watching gold for a little while, Babon is very good for trading gold too!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,168
  • Mar 28, 2013 4:52am Mar 28, 2013 4:52am
Quoting jsf
Hi Favorite

I first saw your posts on Xtreme TMA, and like you think it is one of the best indis available. I use FastTMA from that thread, it is supposed to be better coded than other TMA, don't know if is any better but easier on computer cpu.

This setup with Ichimoku is very clear and effective, thank you very much, it's the best method and combined with DNA style I am hopeful that I will become a consistently profitable currency speculator soon.

http://www.forexticket.co.uk/en/fore...-index#c_index

This site gives...
Thank you, jsf, it is very nice of you!

I decided to stick with the original TMA because I knew that it was created by a very good programmer (mladen from TSD-forum) and it was created by ONE programmer! As far as I understand FastTMA is practically the same, but as far as I know it contains the code from at least three different programmers and I don't like it.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,169
  • Mar 28, 2013 5:00am Mar 28, 2013 5:00am
I like this system, +28 pips so far today
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym1.png Size: 57 KB
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 65 KB
When all conditions are met - Enter trade - sit back and FRET !!!
  • #1,170
  • Mar 28, 2013 5:07am Mar 28, 2013 5:07am
Quoting jsf
I like this system, +28 pips so far today
Very nicely done, jsf!

And GBPJPY is a very good currency to trade "Babon" too! Maybe it is even better than EURJPY!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,171
  • Edited 7:01am Mar 28, 2013 6:51am | Edited 7:01am
Here is my first trade today. +9.8 pips. I am with Oanda, so I am capped at 1:50 leverage (USA), which I am fine with. That is plenty really. This is over 2.5%. Compound that daily for a nice nest egg!

Fav, the chart is not yours. If you do not want this posted, let me know. I do not want to cause confusion. Thanks again for bringing me back to my trading personality!
Attached Image (click to enlarge)
Click to Enlarge Name: babon eu.gif Size: 43 KB
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #1,172
  • Mar 28, 2013 6:53am Mar 28, 2013 6:53am
Quoting dnabrasil
hi my friend,

your doing a very good work!

i will not trade until 15th april,



i'm very glad to present to all of you, my new little daughter Sara!!!!!

she was born yesterday evening, and she is really really pretty!!!!

Attachment
Welcome to parenthood. Congrats!
  • #1,173
  • Mar 28, 2013 7:11am Mar 28, 2013 7:11am
Quoting capstone
Fav, the chart is not yours. If you do not want this posted, let me know. I do not want to cause confusion. Thanks again for bringing me back to my trading personality!
capstone, it is not my thread, it is DNA's thread, and we all agreed that we'd show here our trades in DNA-style! The system doesn't matter! The chart/template doesn't matter! What is important - that your trade is really in DNA-style! It is not that easy to make 2.5% with 1:50 leverage in just one trade, but you did it!

Quoting capstone
Here is my first trade today. +9.8 pips. I am with Oanda, so I am capped at 1:50 leverage (USA), which I am fine with. That is plenty really. This is over 2.5%. Compound that daily for a nice nest egg!
Well done, capstone, good for you!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,174
  • Mar 28, 2013 8:07am Mar 28, 2013 8:07am
Quoting capstone
Here is my first trade today. +9.8 pips. I am with Oanda, so I am capped at 1:50 leverage (USA), which I am fine with. That is plenty really. This is over 2.5%. Compound that daily for a nice nest egg!

Fav, the chart is not yours. If you do not want this posted, let me know. I do not want to cause confusion. Thanks again for bringing me back to my trading personality!
I agree with Favorite, good job on 2.5% for 1 trade. Do that twice a day and in 15 trading days you ......... your money?

jt
"Even if you fall down face first, you still went forward."
  • #1,175
  • Mar 28, 2013 9:40am Mar 28, 2013 9:40am
Hi Traders,
Thanks DNA, Favorite, George & others for a great thread.
I did some review of the TMA bands. On the same line as Favorite just posted, I noticed that if the TMA 1 band(s) go outside of TMA 5, it's a pretty good entry if you wait until the TMA 1 band touches for re-entry into the TMA 5. That touch is your entry point regardless of the cloud. Price usually goes to the opposite TMA 5 or far enough to make it a good trade. It's even more powerful if the TMA 5 is sloping even slightly in your direction though it usually works counter-trend but your profit potential is just not as big.
I'll continue to study for more patterns.
Thanks Favorite for sharing your method.
Quoting Favorite
I already showed the pattern "TMA M1 beyond the Ichimoku cloud".

Now I want to show another M1 pattern. Let's call it "TMA M1 beyond TMA M5/M15"

When after a good trend TMA M1 goes beyond TMA M5 or it goes even beyond both TMA M5 and TMA M15, then we have either a pullback or even a trend's change! This pullback can be as small as 8-10 pips or as big as 30+ pips, but we have to have this pullback at any case!

What does that mean?

First of all, when we see this pattern, we know that in a little while we'll have a pullback, so if we have...
  • #1,176
  • Edited 10:16am Mar 28, 2013 9:59am | Edited 10:16am
Quoting srt
I noticed that if the TMA 1 band(s) go outside of TMA 5, it's a pretty good entry if you wait until the TMA 1 band touches for re-entry into the TMA 5. That touch is your entry point regardless of the cloud. Price usually goes to the opposite TMA 5 or far enough to make it a good trade. It's even more powerful if the TMA 5 is sloping even slightly in your direction though it usually works counter-trend but your profit potential is just not as big.
srt, thank you so very much!

See? I knew together we could make Babon even better!

srt, can you please show some pictures?

I'm planning to create a RTF-file that would describe the whole Babon-system with all the rules and the patterns, so I want to include your pattern too!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,177
  • Mar 28, 2013 10:08am Mar 28, 2013 10:08am
Very slow day, during new york!
I guess the market is going to continue like this, so I will enjoy the spare time and see you on monday!
Green pips to all!
I know where the market is going to move next: to the righ! XD
  • #1,178
  • Mar 28, 2013 10:18am Mar 28, 2013 10:18am
Quoting fugio
Very slow day, during new york!
I guess the market is going to continue like this, so I will enjoy the spare time and see you on monday!
Green pips to all!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,179
  • Mar 28, 2013 10:29am Mar 28, 2013 10:29am
I am trembling with excitement, since I spent less than an hour in front of the screen today, my wife kept me doing other things, yet I made 6 trades, 3 ej, 1 gj,
1 uj and 1 aj.

All winners for 40 pips and 14%

Thanks Fav and DNA

Enjoy easter holidays everyone !!
When all conditions are met - Enter trade - sit back and FRET !!!
  • #1,180
  • Mar 28, 2013 10:35am Mar 28, 2013 10:35am
Hi Favorite,
I haven't attached pictures before so this may not be right but will attempt.
If it shows up, here's what I see.
TMA 1(red) touches TMA 5(yellow) @ arrow about to re-enter TMA 5 zone. Trade entry is when the lines touch (red arrow). Stop is above the swing plus spread. Target (rectangle drawn) is near lower TMA 5 band. Target can be smaller since TMA 5 was sloped up so counter-trend trade. Notice also, MACD showed divergence so additional confidence to take the trade. Yellow drawn lines show divergence. When price is at an extreme (TMA 1 outside of TMA 5), I disregard the cloud as in the trade shown.
If no picture, could someone explain how to attach & I'll get it done.
Thanks!

Attached Image (click to enlarge)
Click to Enlarge Name: ej-1m.gif Size: 77 KB
Quoting Favorite
srt, thank you so very much!

See? I knew together we could make Babon even better!

srt, can you please show some pictures?

I'm planning to create a RTF-file that would describe the whole Babon-system with all the rules and the patterns, so I want to include your pattern too!
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