Daytrading/scalping with high leverage - my proven strategy | Page 60 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daytrading/Scalping in Crypto markets 357 replies

Dashboard EA based on Daytrading/scalping with high leverage 103 replies

A Proven Simple Strategy (2MAs, 1 RSI) 436 replies

Looking for proven scalping strategy to program 1 reply

Share Something Proven - Scalping Method Please 10 replies

Attachments: Daytrading/scalping with high leverage - my proven strategy
Exit Attachments

Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
  • Trader:
  • Broker:
  • Type:
This Trade Explorer is no longer publicly available.
  • #1,181
  • Mar 28, 2013 10:41am Mar 28, 2013 10:41am
Quoting srt
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...
srt, thank you so very much!

Very good picture and a very good explanation, that's exactly what I thought after your previous post but I wanted to make sure that I got it right. Thanks again!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,182
  • Mar 28, 2013 10:45am Mar 28, 2013 10:45am
Quoting jsf
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%
Well done!

Yes, those wives just don't get it!

Quoting jsf
Thanks Fav and DNA

Enjoy easter holidays everyone !!
And thank you, jsf!

Happy holidays to you too!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,183
  • Mar 28, 2013 10:47am Mar 28, 2013 10:47am
One more example.
Entry @ red arrow where TMA 1 is about to re-enter TMA 5. Target near TMA 5 in rectangle. This trade is better since TMA 5 slope is up so better profit potential. Again, disregarded cloud since market was at extreme.
If you look at picture, there were 3 of these examples in the same picture.
Quoting Favorite
srt, thank you so very much!

Very good picture and a very good explanation, that's exactly what I thought after your previous post but I wanted to make sure that I got it right. Thanks again!
Attached Image (click to enlarge)
Click to Enlarge Name: eu-1m.gif Size: 77 KB
  • #1,184
  • Mar 28, 2013 10:49am Mar 28, 2013 10:49am
Quoting srt
One more example.
Entry @ red arrow where TMA 1 is about to re-enter TMA 5. Target near TMA 5 in rectangle. This trade is better since TMA 5 slope is up so better profit potential. Again, disregarded cloud since market was at extreme.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,185
  • Mar 28, 2013 11:05am Mar 28, 2013 11:05am
Another example.
Entry @ red arrow. Target near TMA upper band (rectangle). Notice divergence of MACD (yellow lines drawn).
Another trade earlier in same picture. That one was with the slope of TMA 5 so even bigger profits$$$$
Quoting Favorite
Attached Image (click to enlarge)
Click to Enlarge Name: uj-1m.gif Size: 75 KB
  • #1,186
  • Mar 28, 2013 2:18pm Mar 28, 2013 2:18pm
Quoting Favorite
I explained two very important M1 patterns, "TMA M1 beyond the Ichimoku cloud" (see post #1085) and "TMA M1 beyond TMA M5/M15" (post #1146).

(I hope you remember that the main rules and the templates are in the post #930 page 62).

We're done with the M1's patterns!

During the weekend I will show the H1 patterns, but they are important only for reading "the big picture", so to speak. As to M1 trading - right now, when you master two patterns I explained, you'll know everything I know!
Favorite, just want to say thank you for your continuous efforts and for making this thread so interesting and lively. I haven't been a big fan of m1 trading by now, but armed with the patterns you've presented and Paul's dashboard (when it arrives) I may start to enjoy it!

All the best and Happy Easter!

Jo
mind over matter
  • #1,187
  • Mar 28, 2013 2:21pm Mar 28, 2013 2:21pm
Quoting srt
Another example.
Entry @ red arrow. Target near TMA upper band (rectangle). Notice divergence of MACD (yellow lines drawn).
Another trade earlier in same picture. That one was with the slope of TMA 5 so even bigger profits$$$$
Thank you for the examples, srt! Very clear and helpful
mind over matter
  • #1,188
  • Mar 28, 2013 2:22pm Mar 28, 2013 2:22pm
Quoting kosmo
Favorite, just want to say thank you for your continuous efforts and for making this thread so interesting and lively. I haven't been a big fan of m1 trading by now, but armed with the patterns you've presented and Paul's dashboard (when it arrives) I may start to enjoy it!

All the best and Happy Easter!

Jo
Joanna, I'm very glad to hear it, thank you so very much!

And Happy Easter to you too!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,189
  • Mar 28, 2013 2:29pm Mar 28, 2013 2:29pm
Quoting Mr C
Almost there just a few more test and tweaks.

Paul
Attachment
Excellent work, Paul! Thank you and I'm sure your dashboard is going to be a hit!

Do you think it would be possible to create an alert or a dashboard for TMAs 1&5 crossing as in srt's examples?
mind over matter
  • #1,190
  • Mar 28, 2013 3:59pm Mar 28, 2013 3:59pm
Great job guys, and more pips to all.

Cheers Favorite for the Babon TMA Trading System, and looking forward to Paul's dashboard. Result looking really great and everybody is doing well.

Happy Easter to you all; enjoy the blessings with you family. And DNA congrats again, and say hi to your family and spend time with them. Favorite is covering the thread very well.

Shalom


George
Low Risk Low Stress High Reward High Probability Trades
  • #1,191
  • Mar 28, 2013 4:24pm Mar 28, 2013 4:24pm
Quoting 919gilead
And DNA congrats again, and say hi to your family and spend time with them. Favorite is covering the thread very well.
Yes, I'm! And we all are!

Quoting 919gilead
Cheers Favorite for the Babon TMA Trading System, and looking forward to Paul's dashboard. Result looking really great and everybody is doing well.

Happy Easter to you all; enjoy the blessings with you family.
Thank you, George! And the same to you too!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,192
  • Mar 28, 2013 6:57pm Mar 28, 2013 6:57pm
Quote
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...

Srt,
I just want to warn you, I don't think it is a good idea to go back in the charts like you have to find that setup with the band crossing back into the yellow band. Because if im correct in real time that yellow band would of been in a different position then.
Im not saying its not good to look for it in live time it could be. But don't try to backtest it on the charts it will show a incorrect entry due to the yellow line repainting the past.I think that type of entry can only be tested live.

Favorite will tell me whether I'm right or not. So for backtesting purposes of that entry signal you posted, I don't think you can look back in time.
I think that if you took a Screen capture shot live when it happens, then looked back at the charts later the signal would look completley different.
Ill try it next week I could be wrong.

cheers.
Enter Signature
  • #1,193
  • Mar 29, 2013 4:15am Mar 29, 2013 4:15am
A little slow and quite tonight, I have seen a few of the new SRT trades that all won and a few other winners too. Keep the GOLD coming guys, so far these setups are the best I have seen on FF and infact any other forum.

jt
"Even if you fall down face first, you still went forward."
  • #1,194
  • Mar 29, 2013 4:28am Mar 29, 2013 4:28am
Quote
A little slow and quite tonight, I have seen a few of the new SRT trades that all won and a few other winners too. Keep the GOLD coming guys, so far these setups are the best I have seen on FF and infact any other forum.

Juicyt,

Are you seeing SRT setups in real time or hindsight.
Enter Signature
  • #1,195
  • Mar 29, 2013 4:34am Mar 29, 2013 4:34am
Quoting ECO
Srt,
I just want to warn you, I don't think it is a good idea to go back in the charts like you have to find that setup with the band crossing back into the yellow band. Because if im correct in real time that yellow band would of been in a different position then.
Im not saying its not good to look for it in live time it could be. But don't try to backtest it on the charts it will show a incorrect entry due to the yellow line repainting the past.I think that type of entry can only be tested live.
Quoting ECO
Favorite will tell me whether I'm right or not. So for backtesting purposes of that entry signal you posted, I don't think you can look back in time.
I think that if you took a Screen capture shot live when it happens, then looked back at the charts later the signal would look completley different.
Ill try it next week I could be wrong.
ECO, you've made a very good point and I really appreciate your concern!

I recommended two M1 patterns ("TMA M1 beyond the Ichimoku cloud" and "TMA M1 beyond TMA M5/M15") because I've seen these patterns LIVE hundreds of times, and I saw that they worked LIVE hundreds of times.

Before we start trading the pattern that srt suggested we have to watch it LIVE and study it. Unfortunately today is Holiday and I'm not trading today, but I'll start watching it on Monday. However I think that the pattern srt suggested is a real deal and I can explain why. TMA M5 is much more stable and inertial than TMA M1, especially when we are talking about the TMA M5's changing it's angle. Let's say we had an up trend and TMA M1 went above TMA M5. At that moment TMA M5 was either 1). horizontal or 2). sloping up.

1). When we see on the history that after been horizontal TMA M5 started sloping down - it is an area where the repainting could take place! We can't rely on it.

2). When we see on the history that after sloping up TMA M5 started sloping down - it is usually an area where the history shows what really happened, it can't be "repainting", TMA M5 usually doesn't "repaint" this way!

So, as you can see, what srt described as the best case scenario (TMA M5 sloping in our direction) - is in reality the only case when we can more or less rely on the history, but at the same time it is a very good one!

But we have two TMAs, TMA M5 and TMA M1? Yes, but TMA M1's "repainting" after been horizontal and after sloping works almost the same way.

So I think we have very good chances that the pattern really works, but I'd pay more attention when TMA M5 sloping in our direction.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,196
  • Mar 29, 2013 4:47am Mar 29, 2013 4:47am
Hi all !

An example of a trade made yesterday on dax by the rules of srt: +20 pips.
You can see how the TMA bands change during this trade. Gmt +2
But one swallow does not make a summer!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Dax 01.jpg Size: 137 KB
Click to Enlarge Name: Dax 02.jpg Size: 134 KB
  • #1,197
  • Mar 29, 2013 4:57am Mar 29, 2013 4:57am
Don't worry about backtesting just forward test it.
Thats what I do with my trading.

cheers
Enter Signature
  • #1,198
  • Mar 29, 2013 4:57am Mar 29, 2013 4:57am
Quoting jeff75
Hi all !

An example of a trade made yesterday on dax by the rules of srt: +20 pips.
You can see how the TMA bands change during this trade. Gmt +2
As we can see, TMA M5 was sloping down, then it became horizontal, it's one of the cases I was talking about when we can't rely on the history. I would like to see more examples with TMA M5 changing it's slope from up to down and vice versa because I could be wrong, but I think in that case the history is much more reliable. But we'll see!

Jeff, thanks a lot!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,199
  • Mar 29, 2013 5:00am Mar 29, 2013 5:00am
Quoting ECO
Don't worry about backtesting just forward test it.
Thats what I do with my trading.
Yes, I totally agree! It is just not the very best day for starting the forward testing, with Holiday and so on, but we all can work on it starting Monday.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,200
  • Mar 29, 2013 5:16am Mar 29, 2013 5:16am
For backtesting purposes just use TMATrue as that shows it how it was at the time.
Attached File(s)
File Type: ex4 TmaTrue.ex4   4 KB | 500 downloads
17 traders viewing now