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Daytrading/scalping with high leverage - my proven strategy

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  • #1,501
  • Apr 5, 2013 6:29pm Apr 5, 2013 6:29pm
Quoting 919gilead
Hello friends, I've been mostly on the sidelines as I was moving houses. Internet now setup and working at the new place and hoping to fully resume live trading early next week. Moving is not an easy thing - small or big. Great job Favorite, and Mr. C for the dashboard. Great result from all of you guys - I get the alerts of postings and I'm impressed by the results. You all keep up the good work, and ensure the pips keep rolling in. DNA, how is your wife and baby doing? I trust they are all doing great, and the father getting some sleep too And...
George, I for one like the setups that you post and I don't feel there is any "competition" here between you and Favorite's setups so please keep them coming as you feel so inclined to do so...and as for your move..."better you than me".......can be ALOT of work!!
  • #1,502
  • Apr 5, 2013 7:39pm Apr 5, 2013 7:39pm
DNA/Favorite - any chance you might consider hosting a webinar or putting a video on youtube.

They say a picture paints a thousand words but a webinar or video would paint a million.

Just a thought/suggestion.
  • #1,503
  • Apr 5, 2013 8:39pm Apr 5, 2013 8:39pm
Quoting handy148
DNA/Favorite - any chance you might consider hosting a webinar or putting a video on youtube. They say a picture paints a thousand words but a webinar or video would paint a million. Just a thought/suggestion.
handy148, participating in this thread - that's the most I can do or rather the most I can afford. I am a full-time professional trader, that's how I make a living, and I don't want to spend (or rather waste) my time hosting webinars or creating videos.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,504
  • Apr 5, 2013 8:53pm Apr 5, 2013 8:53pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting Favorite
Paul, of course I'm still on board and you can PM me any time you need to! You're doing a wonderful job and I just keep my mouth shut because don't want to distract you. Believe me, I'm not shy, if I see something going wrong I'll yell and scream until I get what I want!
Since you know exactly what we are doing I am not surprised, I have a couple things that I want to add and value your experience, I will PM you and we can deal with it after the weekend.

As far as being shy, I have been following your post over the last year and shy you are not and I don't mean this in a bad way, your BS filter is set to low tolerance.

Paul
Of all the things I've lost I miss my mind the most .
  • #1,505
  • Apr 6, 2013 7:00am Apr 6, 2013 7:00am
Quoting Mr C
Since you know exactly what we are doing I am not surprised, I have a couple things that I want to add and value your experience, I will PM you and we can deal with it after the weekend.
Paul, that's great! That's a done deal!

Quoting Mr C
As far as being shy, I have been following your post over the last year and shy you are not and I don't mean this in a bad way, your BS filter is set to low tolerance.
Yes, Paul, I'm the troll's slayer and the idiot's slayer!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,506
  • Apr 6, 2013 8:01am Apr 6, 2013 8:01am
Quoting 919gilead
Hello friends, I've been mostly on the sidelines as I was moving houses. Internet now setup and working at the new place and hoping to fully resume live trading early next week. Moving is not an easy thing - small or big. Great job Favorite, and Mr. C for the dashboard. Great result from all of you guys - I get the alerts of postings and I'm impressed by the results. You all keep up the good work, and ensure the pips keep rolling in. DNA, how is your wife and baby doing? I trust they are all doing great, and the father getting some sleep too And...
George, nice to see you around again, and best wishes on your new place!
Always reading your posts with interest.

I've noticed you have a nice spread indie in your charts. Would you mind sharing it, please?

Also, if anybody has a pip value indie, I'd love to have it!
mind over matter
  • #1,507
  • Apr 6, 2013 4:05pm Apr 6, 2013 4:05pm
Hi guys, I've been reading your thread for a few days because it is quite similar to my entry system (I'm not a scalper trader), instead of Ichimoku I use EMA's, instead of TMA use support and resistance based on fractal, which the result is quite similar to your system (see the image).
Where we agree is in the use of Hull MA (your Babon Slope indicator) as element in determining whether our order will be put... and in this respect I thought perhaps might be interest some changes I did to this indicator to improve my entries to the market. I basically wait for the appearance of an arrow that tells me if it's time I'm looking for buying or selling. For example, to display an arrow UP has to be closed at least a one UP candle in five minutes (after a one DOWN candle), could not have passed more than X seconds, etc.. (the opposite when a DOWN arrow).
As you can see that some times matches the criteria of Favorite to expect the closing of two candles and other exceeds this criterion waiting for the conditions described.
Obviously it all makes sense by applying the criterion of our trading system, in my case if I'm looking for a buy order I expect to see the price is above the EMA and UP arrows, I understand you use Ichimoku + TMA to do this.

I hope this is useful for you... I have in mind some improvements but I haven't had much time to sit on it.

Regards, Bernardo.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.png Size: 70 KB
Attached File(s)
File Type: mq4 Hull Ma.mq4   10 KB | 338 downloads
  • #1,508
  • Apr 6, 2013 5:02pm Apr 6, 2013 5:02pm
Quoting 4xplosion
George, I for one like the setups that you post and I don't feel there is any "competition" here between you and Favorite's setups so please keep them coming as you feel so inclined to do so...and as for your move..."better you than me".......can be ALOT of work!!
Thanks 4xplosion, and yes moving is a lot of work. Luckily for us, transfer of the old house to the new owner is not until April 30th and possession of the new one was April 1st. So we decided to take our time moving the small personal items ourselves from say the kitchen in the old house to the kitchen in the new house. This way we won't have so many items to be packing and unpacking, but men I never knew we had so many "small items."

On my posting, it is more of uniformity and not wanting to confuse the traders learning the Babon TMA system, which I consider very good than competing trading systems. I was actually going to learn it too, so we are all posting similar charts but with our moving houses and my family here, I get a lot of distractions that would not allow me trade the M1 chart right now, so I went back to the M5 TF. And you can see from the posting below (#1410) that even Mike suggested this to DNA, which I quite agree with.
Quoting Favorite
DNA, I know that you're very busy right now, but if you could show sometimes a couple of your trades with the "TMA M1 beyond the Ichimoku cloud", that would be great, because when I show my trades I make emphasis on Babon system as a system, and your working mostly by the pattern itself would be very helpful for other participants IMHO.
My office is now fully setup and will continue to contribute with my own system/setup.

Cheers, and enjoy your week end.

Shalom

George
Low Risk Low Stress High Reward High Probability Trades
  • #1,509
  • Apr 6, 2013 5:16pm Apr 6, 2013 5:16pm
Quoting kosmo
George, nice to see you around again, and best wishes on your new place! Always reading your posts with interest. I've noticed you have a nice spread indie in your charts. Would you mind sharing it, please? Also, if anybody has a pip value indie, I'd love to have it!
Hi Jo, thanks for your best wishes. The indicator is part of a propriety system from few years back, and will send you a PM.

Shalom

George
Low Risk Low Stress High Reward High Probability Trades
  • #1,510
  • Apr 6, 2013 6:05pm Apr 6, 2013 6:05pm
Hey does anyone have an Ichimoku alert indicator that can alert me when price closes above or below the cloud?

If not can someone try and make one?

Lemme know!

Thanks
  • #1,511
  • Apr 6, 2013 6:20pm Apr 6, 2013 6:20pm
Quoting 919gilead
Hi Jo, thanks for your best wishes. The indicator is part of a propriety system from few years back, and will send you a PM. Shalom George
Thanks, George! That's very kind of you

P.S. I moved house quite a few times in my life, so I know exactly what it's like. Good you have enough time before the transfer.
mind over matter
  • #1,512
  • Apr 6, 2013 6:21pm Apr 6, 2013 6:21pm
Quoting 919gilead
My office is now fully setup and will continue to contribute with my own system/setup.
George, that's great! Welcome back!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,513
  • Apr 6, 2013 8:25pm Apr 6, 2013 8:25pm
Quoting kosmo
Thanks, George! That's very kind of you P.S. I moved house quite a few times in my life, so I know exactly what it's like. Good you have enough time before the transfer.
Any time Jo, and yes my wife and I are happy about the timing, as we have also moved before and know what it is like moving with just a day or two window - it is not fun

Anyway, take care and enjoy the rest of your week end
Low Risk Low Stress High Reward High Probability Trades
  • #1,514
  • Apr 6, 2013 8:25pm Apr 6, 2013 8:25pm
Quoting Favorite
George, that's great! Welcome back!
Thanks Captain and see you next week.

Cheers
Low Risk Low Stress High Reward High Probability Trades
  • #1,515
  • Apr 6, 2013 9:46pm Apr 6, 2013 9:46pm
Hi new to thread, I wanted to give Thanks to Favorit and Mr. C, for sharing all there hard work and skills to benefit other traders. I will post a pic of the M1 A TMA chart that I use and I am in no way trying to change your system in any way . I am only showing how I trade. I use a few more tma's in my
chart beacause of the different tf and settings . I use these different tma's for market direction and support and resistance. Again I am not trying to change your system in any way. I am also posting a few indi's and temp if anyone is interested. This system is very profitable especially with EJ,


Favorite , have you tried the numbers 8,2,5 on the Babon Slope indi? I would just like your opinion good or bad. Anyway Thanks for all your work.


Fishman356
Attached Image (click to enlarge)
Click to Enlarge Name: babon slope fishman356.gif Size: 40 KB
Attached File(s)
File Type: ex4 pipsometer_5_decimal.ex4   6 KB | 499 downloads
File Type: ex4 b-clock_modified.ex4   2 KB | 503 downloads
File Type: ex4 Pivot Points Multitimeframe.ex4   50 KB | 556 downloads
File Type: ex4 trade_history.ex4   9 KB | 494 downloads
File Type: tpl ! 1m a fishman356.tpl   59 KB | 556 downloads
  • #1,516
  • Apr 6, 2013 10:14pm Apr 6, 2013 10:14pm
Quoting fishman356
Hi new to thread, I wanted to give Thanks to Favorit and Mr. C, for sharing all there hard work and skills to benefit other traders. I will post a pic of the M1 A TMA chart that I use and I am in no way trying to change your system in any way . I am only showing how I trade. I use a few more tma's in my chart beacause of the different tf and settings . I use these different tma's for market direction and support and resistance. Again I am not trying to change your system in any way. I am also posting a few indi's and temp if anyone is interested....
Fishman356, thank you for the template! This thread is all about sharing! So please stop making excuses and start some serious posting!

Settings 8,2,5 for the Babon Slope are very unusual. I'm not saying they are bad, but I use Babon not only to see the color change, but also to see the slope's angle and it's interaction with the Japanese candles, and it is almost as important as the color change. But those settings make it almost impossible IMHO.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,517
  • Apr 7, 2013 4:45am Apr 7, 2013 4:45am
Hi Favorite,
Do you take any trade on monday ? Since the volatily is lower, it s also bank holliday, im not sure it s worth it.
  • #1,518
  • Apr 7, 2013 5:12am Apr 7, 2013 5:12am
Tell me,please, have set the standard Ichimoku? Just heard that they are more applicable to the senior timeframe.
  • #1,519
  • Apr 7, 2013 5:27am Apr 7, 2013 5:27am
Thanks for you feedback Favorite, you are correct the 10,3,0 , settings do give a better slope angle. Try 8.3.5 and let me know what you think.
  • #1,520
  • Apr 7, 2013 5:40am Apr 7, 2013 5:40am
Quoting fishman356
Thanks for you feedback Favorite, you are correct the 10,3,0 , settings do give a better slope angle. Try 8.3.5 and let me know what you think.
fishman356, as far as I can see 8.3.5 gives you almost the same slope you would get with my standard settings 10,3,0, so why bother? "If it ain't broken - don't fix it!" IMHO.
Gentlemen always play by the rules. If they can't, they change the rules.
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