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Daytrading/scalping with high leverage - my proven strategy

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  • #1,621
  • Apr 9, 2013 3:21am Apr 9, 2013 3:21am
Quoting igor65
I can't while anything to add itself I look narrowly, there are some options. But it while only my supervision.
Igor, in my opinion your system is great right now! Of course, you have to watch Kijun-sen for a little while, and maybe you'll add some nuances, but even right now it is great, and everybody could see it on the history too, your indicators don't repaint!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,622
  • Apr 9, 2013 3:41am Apr 9, 2013 3:41am
Hello all,

I want to show you my Desktop

Can you please tell me what you think about this.


The other indicators are BB Macd, genesis and RH+

Thank's
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  • #1,623
  • Apr 9, 2013 3:51am Apr 9, 2013 3:51am
I think it might be a good idea if some people start taking a screen shot the bar they enter on live, not about 6 bars later.
In other words....... ok people im in lets see what hell happens now.

cheers..........ECO
Enter Signature
  • #1,624
  • Apr 9, 2013 4:38am Apr 9, 2013 4:38am
Did anyone else enter on the bar in the yellow square. I got completely screwed on that one. Hey favourite , can you comment. Was that entry okay?
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Island hopping throughout the Caribbean
  • #1,625
  • Apr 9, 2013 4:43am Apr 9, 2013 4:43am
Quoting ECO
I think it might be a good idea if some people start taking a screen shot the bar they enter on live, not about 6 bars later. In other words....... ok people im in lets see what hell happens now. cheers..........ECO
Hi Eco, short on GBPJPY.

Regards, Bernardo.
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  • #1,626
  • Apr 9, 2013 4:57am Apr 9, 2013 4:57am
Quoting dumplin_eater
Did anyone else enter on the bar in the yellow square. I got completely screwed on that one. Hey favourite , can you comment. Was that entry okay? {image}
Hi Dumplin Eater

yes i took the exact same trade. my first SL (20 pips) with system in 2 weeks.

I'm sure there was something obvious that we missed.

In summary i thought it was going to be a "through the cloud" trade and if I had waited longer then I would have seen that it wasn't.

looks like I jumped before the gun.

Thanks

RT
  • #1,627
  • Apr 9, 2013 5:04am Apr 9, 2013 5:04am
Quoting igor65
!!!!!!!!!!! {image}
Igor,

Can you explain me why you enter on that specific candle. Reading the rules by Favorite there are several more preceeding candles that follow the rules. Below the lwma and below the kijun-sen.

Bert
  • #1,628
  • Apr 9, 2013 5:04am Apr 9, 2013 5:04am
Quoting ECO
I think it might be a good idea if some people start taking a screen shot the bar they enter on live, not about 6 bars later. In other words....... ok people im in lets see what hell happens now. cheers..........ECO
As I already explained much earlier, we trade M1, and there is no idiot who would start taking care of the screens when he's got an open live M1 trade. Take it or leave it!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,629
  • Apr 9, 2013 5:16am Apr 9, 2013 5:16am
Quoting 919gilead
My humble trading room, and battle ground {image}
Hi!
Come accross your trading room photo, very interesting indeed. Please tell me, do you use all 3 monitors attached to one PC?
Thanks!
  • #1,630
  • Apr 9, 2013 5:27am Apr 9, 2013 5:27am
Quoting dumplin_eater
Did anyone else enter on the bar in the yellow square. I got completely screwed on that one. Hey favourite , can you comment. Was that entry okay?
No, it was not OK.

I don't have any idea why, but my chart looks completely different. As you can see, my Babon signal is two candles earlier than yours! What are your settings?

If I would see my signal on my template, I would enter where I showed (on the second candle) and I would exit with +10 pips when the price touched TMA M1.

Another thing - if I were you, I probably wouldn't enter after such a big candle.
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Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,631
  • Apr 9, 2013 5:29am Apr 9, 2013 5:29am
Quoting Favorite
As I already explained much earlier, we trade M1, and there is no idiot who would start taking care of the screens when he's got an open live M1 trade. Take it or leave it!
Why not its easy. You don't have to be a so called "idiot". Ber tdf did it thanks .
Enter Signature
  • #1,632
  • Apr 9, 2013 5:30am Apr 9, 2013 5:30am
Quoting Favorite
As I already explained much earlier, we trade M1, and there is no idiot who would start taking care of the screens when he's got an open live M1 trade. Take it or leave it!
Hi Favorite, well, I not consider myself an "idiot" and my idea was show to ECO that exists operations in real accounts before past 6 bars. I did not know that this had been discussed before.

Regards, Bernardo.
  • #1,633
  • Edited 5:49am Apr 9, 2013 5:34am | Edited 5:49am
Quoting RougeTrader
Hi Dumplin Eater yes i took the exact same trade. my first SL (20 pips) with system in 2 weeks. I'm sure there was something obvious that we missed. In summary i thought it was going to be a "through the cloud" trade and if I had waited longer then I would have seen that it wasn't. looks like I jumped before the gun. Thanks RT
Guys, maybe it depends on your broker, but I would really like you both use my template "Babon-A" from the post 930 (page 62) without any changes and show to me this trade on my template.

RougeTrader, why didn't you exit earlier? I said many many times - SL is for the emergency purposes only, we don't have to wait until SL gets hit, if we see that the price went against us we'd better exit with a small loss.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,634
  • Apr 9, 2013 5:35am Apr 9, 2013 5:35am
Quoting adriano2013
A very good strategy, thank you
adriano2013, thank you and welcome aboard!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,635
  • Apr 9, 2013 5:39am Apr 9, 2013 5:39am
Quoting ECO
Why not its easy. You don't have to be a so called "idiot". Ber tdf did it thanks .
I don't trade demo and I don't trade $100 account. For me it is not easy, on the contrary. If you don't like it - go to the thread where topic-starter does what you want him to do. I can assure you that you won't be a boss of me (nobody will be) and I will do only what I want to do, only the way I want and only when I want to. As I said before - take it or leave it (or DNA will leave it for you).

Quoting ber_tdf
Hi Favorite, well, I not consider myself an "idiot" and my idea was show to ECO that exists operations in real accounts before past 6 bars. I did not know that this had been discussed before. Regards, Bernardo.
Yes, it's been discussed before and I explained that if BigE trading H1/H4 stopped taking the screenshots after the third loss and Alorente trading M15 stopped taking screenshots because it is impossible for a professional trader - then for me trading M1 it is even more impossible.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,636
  • Apr 9, 2013 5:45am Apr 9, 2013 5:45am
Hi RougeTrad
If you have a sideway market the system doesn't work . Look at the last days on the 1 hour chart and see at what time of the day you have a sideway market. Favorite takes his trades most of the time before 8h london time .
  • #1,637
  • Apr 9, 2013 5:45am Apr 9, 2013 5:45am
Quoting Favorite
No, it was not OK. I don't have any idea why, but my chart looks completely different. As you can see, my Babon signal is two candles earlier than yours! What are your settings? If I would see my signal on my template, I would enter where I showed (on the second candle) and I would exit with +10 pips when the price touched TMA M1. Another thing - if I were you, I probably wouldn't enter after such a big candle. {image}
Same situation here, Fav you are right, 10pip clean
Look like a girl, act like a lady, think like a man and work like a dog.
  • #1,638
  • Apr 9, 2013 5:48am Apr 9, 2013 5:48am
Quoting Favorite
Guys, maybe it depends on your broker, but I would really like you both use my template "Babon-A" from the post 930 (page 62) without any changes and show to me this trade on my template. RougeTrader, why didn't you exit earlier? I said many many times - SL is for the emergency purposes only, we don't have to wait until SL gget hit, if we see that the price went against us we'd better exit with a small loss.
I know Favorite

I was stupid and hoped the trade would turn around.

Lesson learnt on that one

cheers and thanks for all your help with this system - when I follow the rules properly it's excellent.

One thing i've noticed is that you seem to get most of your trades pre London open. I live the UK so may try getting up a lot earlier and trading before I go to work.

RT
  • #1,639
  • Apr 9, 2013 5:49am Apr 9, 2013 5:49am
Quoting Favorite
As I already explained much earlier, we trade M1, and there is no idiot who would start taking care of the screens when he's got an open live M1 trade. Take it or leave it!
Favorite maybe you can just push your Prt Sc keyboard after your enter trade and then you can paste and save it later. Its just that simple.
  • #1,640
  • Apr 9, 2013 5:52am Apr 9, 2013 5:52am
Quoting Simonik
Same situation here, Fav you are right, 10pip clean
Thank you, Simonik! I think maybe guys got screwed up by their brokers, Babon is a very accurate indicator, it depends on the price and on the brokers' differences.
Gentlemen always play by the rules. If they can't, they change the rules.
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