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Daytrading/scalping with high leverage - my proven strategy

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  • #1,641
  • Apr 9, 2013 5:53am Apr 9, 2013 5:53am
Quoting kb24
Hi! Come accross your trading room photo, very interesting indeed. Please tell me, do you use all 3 monitors attached to one PC? Thanks!
Yes the 3 monitors are attached to one CPU, and I do use the 3 of them.

Nothing major happening right now, and I am struggling to stay awake; will go back to bed shortly.
Low Risk Low Stress High Reward High Probability Trades
  • #1,642
  • Edited 6:22am Apr 9, 2013 5:53am | Edited 6:22am
Quoting mario777
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.
No, sorry, it's the principle of the thing and it is important. When I trade - I trade! I don't eat at the same time, don't drink, don't play with the computer, don't have sex, don't watch TV...

And I'm not going to install some idiotic EA (that can screw up everything or send my data to God knows whom) just because somebody wants me to prove something.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,643
  • Apr 9, 2013 5:55am Apr 9, 2013 5:55am
Sorry Favorite and Roguetrader. It seems that I was using some settings for Babon that got me in the trade a few bars later . If I had used favorites entry i would have had +14 pips. Stupid of me to mess with the original settings. See image below
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 53 KB
Island hopping throughout the Caribbean
  • #1,644
  • Apr 9, 2013 6:00am Apr 9, 2013 6:00am
Quoting RougeTrader
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
Thank you, RougeTrader!

Yes, those 2-3 hours before London Open sometimes are pretty damn good because I trade EURJPY and it is not the very beginning of the Asian session, but the time when thing already are looking up! However Igor starts his trading much earlier than I, as far as I understand even before the Tokio Open, and he's doing just fine.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,645
  • Apr 9, 2013 6:03am Apr 9, 2013 6:03am
Quoting dumplin_eater
Sorry Favorite and Roguetrader. It seems that I was using some settings for Babon that got me in the trade a few bars later . If I had used favorites entry i would have had +14 pips. Stupid of me to mess with the original settings.
Come on, don't apologize! It is a good thing - now you know what was wrong and I know what could be wrong and all the participants paid attention! So it is a good thing!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,646
  • Apr 9, 2013 6:07am Apr 9, 2013 6:07am
Quoting mario777
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.
Mario, is much more simple than that... I use an EA to handle my orders in a visual way that takes a screenshot saving per pair and day all the operations that I made.

Regards, Bernardo.
  • #1,647
  • Apr 9, 2013 6:13am Apr 9, 2013 6:13am
Hi Favorite,

nice system. I noticed you trade always Frankfurt and London opening. Did you ever try a more systematic approach? What kind of success rate would that bring?

This system seems to work pretty well with the Jpy pairs probably due to volatility.


Do you only trade that system today or still TMS?

Burt
  • #1,648
  • Apr 9, 2013 6:15am Apr 9, 2013 6:15am
Quoting ber_tdf
Mario, is much more simple than that... I use an EA to handle my orders in a visual way that takes a screenshot saving per pair and day all the operations that I made. Regards, Bernardo.
yeah no offense to Favorite but the reason I also wanted to see his actual entry is because I see it often in my experience if i follow the rules there is no valid entry but after many minutes when i look back at the history it was now become good and valid entry.
  • #1,649
  • Apr 9, 2013 6:21am Apr 9, 2013 6:21am
Quoting mario777
yeah no offense to Favorite but the reason I also wanted to see his actual entry is because I see it often in my experience if i follow the rules there is no valid entry but after many minutes when i look back at the history it was now become good and valid entry.
mario77, I explained about taking screenshots manually and I explained about taking screenshots by EA, and I don't want to discuss it further, but I do want to discuss how come that you see valid entries afterwards. Price Action doesn't repaint, Babon Slope doesn't repaint and Ichimoku cloud doesn't repaint, so after the candle is closed it would NEVER change. And I explained many times that we take the second Babon candle because we want to see the first one closed.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,650
  • Apr 9, 2013 6:23am Apr 9, 2013 6:23am
like this one example, the first picture on the pink horizontal line as we can see the price is very closed to TMA1 so no valid entry. on the second pic it is now a good entry with 15 pips TP on the TM1. See the difference?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: yyy.JPG Size: 92 KB
Click to Enlarge Name: yyya.JPG Size: 99 KB
  • #1,651
  • Apr 9, 2013 6:28am Apr 9, 2013 6:28am
Quoting mario777
like this one example, the first picture on the pink horizontal line as we can see the price is very closed to TMA1 so no valid entry. on the second pic it is now a good entry with 15 pips TP on the TM1. See the difference?
No, I don't see any difference, I only see that you don't know the rules. Why are you talking about TMA M1 if my rules in post 930 say about TMA M5?

And TMA M5 is very stable, even on your picture you can see it.

Quoting Favorite
We want the price going from the lower TMA M5 band to the upper TMA M5 band, in other words from the lower yellow line to the upper yellow line. The TMA M5 channel has to have the right angle: it can go up or it can be horizontal (or at least almost horizontal), but for the long signal we don't want to see TMA M5 channel going down. We also want to see the right M1 Price Action, for the long signal we want to see higher highs and higher lows. Then we look at Babon-B's H1. If H1 shows the trend up or if it was a trend down but now the price started going up, then we can decide that basically H1 supports our decision to go long. So we decided that we'll take the Babon Slope's long signals. Now we wait for the next long signal. But when we see it, we have to evaluate it. Of course, if during this time the situation changed, for example the price is now below Ichimoku, or we don't like M1 Price Action any more, or the H1's big picture changed etc. - then we wouldn't take this signal at any case. But let's say that the situation still looks good for the long signals. Then we determine whether this trade has a good potential. We look at the distance between the price and the upper TMA M5 band (the upper yellow line). Yes, TMA M5 repaints, but it repaints less than TMA M1, it is much more stable and steady than TMA M1, and this distance between the price and the upper yellow line is very important. Basically the more the distance is, the more potential this trade has. At M1 price usually goes more or less between the upper TMA M5 band and the lower TMA M5 band, it can go much further if the trend is good, but we can't rely on it. If the distance between the price and the upper yellow band is less than 10 pips there are good chances that we won't get even those 10 pips and that this upper line would work like a strong resistance. But let's say that the distance is good, something like between 10 and 30 pips.
And why are you showing to me "Babon-B"?

Babon-B is NOT for the entries! Babon-B for the exits and for watching the TMA Patterns. That's it!

You enter from Babon-A! Babon_A contains Babon Slope, Ichimoku cloud and yellow lines (TMA M5).

How can you trade the system if you don't know the rules and don't use the templates the right way?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,652
  • Apr 9, 2013 6:34am Apr 9, 2013 6:34am
Quoting Favorite
No, I don't see any difference, I only see that you don't know the rules. Why are you talking about TMA M1 if my rules in post 930 say about TMA M5? And TMA M5 is very stable, even on your picture you can see it.
  • #1,653
  • Apr 9, 2013 6:43am Apr 9, 2013 6:43am
Actually i've stopped using the clouds as entry rules, i use 2 templates to trade :
1) Favorite's Babon-B
2) Personnal template based on TMA M5 and support&resistance
Here are the files needed, everything else is on the thread
I'll explain the entry rules when i've a little bit more time.
Attached File(s)
File Type: tpl Condor M1.tpl   5 KB | 361 downloads

Attached File(s)
File Type: ex4 #KG Support and Resistance.ex4   6 KB | 396 downloads
My name is Martin... Martin Gale
  • #1,654
  • Apr 9, 2013 6:49am Apr 9, 2013 6:49am
Here's a screenshot with 2 possible trades :
Arrows are the entries

Attached Image (click to enlarge)
Click to Enlarge Name: Snap001 2013-04-09, 13_48_01.png Size: 48 KB
My name is Martin... Martin Gale
  • #1,655
  • Apr 9, 2013 6:55am Apr 9, 2013 6:55am
Quoting condor666
Here's a screenshot with 2 possible trades : Arrows are the entries
Not bad! Not bad at all!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,656
  • Apr 9, 2013 7:02am Apr 9, 2013 7:02am
Today i made only +15% for the moment but i prefer more these 15% than all my +200% in one day cause these one are on my real account.
My name is Martin... Martin Gale
  • #1,657
  • Apr 9, 2013 7:04am Apr 9, 2013 7:04am
Quoting Burt59
Hi Favorite, nice system. I noticed you trade always Frankfurt and London opening. Did you ever try a more systematic approach? What kind of success rate would that bring? This system seems to work pretty well with the Jpy pairs probably due to volatility. Do you only trade that system today or still TMS?
Burt, Babon is a very new system, as a matter of fact I'm still not sure whether it's finished or I'd add some small nuances later. So it is so new that I can't talk about a more systematic approach right now, I have to think everything over. I think my success rate trading Babon is close to 95%, but I can't say exactly because I also trade two other M1 systems on the same account. Today I traded only Babon and one of those two M1 systems. I don't trade TMS any more, but I use TMS H1 all the time for the "big picture".

Babon works great with EURJPY, but I can assure you that it would work very good with GBPJPY, EURUSD and GBPUSD too. In a little while we'll have a Dashboard (thanks to Paul), so it would be easier.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,658
  • Apr 9, 2013 7:05am Apr 9, 2013 7:05am
Quoting condor666
Here's a screenshot with 2 possible trades : Arrows are the entries {image}
You kill my beautiful cloud

Oooook....i just put one more (ichi M5)

All that show that we have a good system with diferent metods to filter and judge the signals

And more...it„s WORKING!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm1.png Size: 53 KB
Look like a girl, act like a lady, think like a man and work like a dog.
  • #1,659
  • Apr 9, 2013 7:07am Apr 9, 2013 7:07am
Quoting condor666
Today i made only +15% for the moment but i prefer more these 15% than all my +200% in one day cause these one are on my real account.
Totally agree!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,660
  • Apr 9, 2013 7:09am Apr 9, 2013 7:09am
Quoting Simonik
i just put one more (ichi M5) All that show that we have a good system with diferent metods to filter and judge the signals And more...it„s WORKING!
Yes, I think the more different methods and modifications we have - the better! So everybody can choose what fits him best!
Gentlemen always play by the rules. If they can't, they change the rules.
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