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Daytrading/scalping with high leverage - my proven strategy

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  • #1,661
  • Edited 7:28am Apr 9, 2013 7:17am | Edited 7:28am
Quoting Favorite
Yes, I think the more different methods and modifications we have - the better! So everybody can choose what fits him best!
or her...

maybe some day we can present in a common form our different observations

PS:
Easy and clean 11p EU
Note for me "U are a "
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Look like a girl, act like a lady, think like a man and work like a dog.
  • #1,662
  • Apr 9, 2013 7:20am Apr 9, 2013 7:20am
Wow 95% is just amazing. Congrats.

I will definitely work on this. I feel TMS is very good for higher TF but i have a tougher time with it on small one. Although i am at the beginning of my journey, i really want to become an accomplished trader and for me it means to be able to either swing or scalp.


Burt
  • #1,663
  • Apr 9, 2013 7:33am Apr 9, 2013 7:33am
Quoting Simonik
or her...
Yes, Simonik, I'm such a male-chauvinist pig!

Quoting Simonik
maybe some day we can present in a common form our different observations
Yes, that's a great idea!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,664
  • Apr 9, 2013 7:33am Apr 9, 2013 7:33am
Quoting Burt59
Wow 95% is just amazing. Congrats. I will definitely work on this. I feel TMS is very good for higher TF but i have a tougher time with it on small one. Although i am at the beginning of my journey, i really want to become an accomplished trader and for me it means to be able to either swing or scalp. Burt
Swingtrading for longterm and scalping for extra profits is the way to go imho.
Depends on your leverage and mm of course.
This system is amamamamamazing, gave me 50% so far this week by only trading US session due to job.
  • #1,665
  • Apr 9, 2013 7:36am Apr 9, 2013 7:36am
Quoting Burt59
Wow 95% is just amazing. Congrats. I will definitely work on this. I feel TMS is very good for higher TF but i have a tougher time with it on small one. Although i am at the beginning of my journey, i really want to become an accomplished trader and for me it means to be able to either swing or scalp. Burt
Burt, what is important - you know what you want and you have the right tools!

You're very lucky that at the very beginning you found TMS thread and this thread. Seriously!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,666
  • Apr 9, 2013 7:39am Apr 9, 2013 7:39am
Quoting Favorite
Yes, Simonik, I'm such a male-chauvinist pig! Yes, that's a great idea!
Because of your system (and the green pips i earned) ...i forget you
Look like a girl, act like a lady, think like a man and work like a dog.
  • #1,667
  • Apr 9, 2013 7:42am Apr 9, 2013 7:42am
Quoting baccarat
Swingtrading for longterm and scalping for extra profits is the way to go imho. Depends on your leverage and mm of course.
It is a good point, but it is not that easy to do. A year ago I tried to trade both TMS-modification and M1's "ModernTMA". In a little while I understood that I had to choose one of them. And I trade full-time so it should be easier for me than for part-time traders.

Quoting baccarat
This system is amamamamamazing, gave me 50% so far this week by only trading US session due to job.
baccarat, I'm really glad to hear that!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,668
  • Apr 9, 2013 7:43am Apr 9, 2013 7:43am
Quoting Simonik
Because of your system (and the green pips i earned) ...i forget you
Thank you, Simonik, now I feel much better!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,669
  • Apr 9, 2013 7:47am Apr 9, 2013 7:47am
Quoting Favorite
It is a good point, but it is not that easy to do. A year ago I tried to trade both TMS-modification and M1's "ModernTMA". In a little while I understood that I had to choose one of them. And I trade full-time so it should be easier for me than for part-time traders. baccarat, I'm really glad to hear that!
Yes and what is really awesome about this thing is the simplicity. It is the ultimate sophistication.
  • #1,670
  • Apr 9, 2013 7:48am Apr 9, 2013 7:48am
Quoting baccarat
Yes and what is really awesome about this thing is the simplicity. It is the ultimate sophistication.
Exactly!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,671
  • Apr 9, 2013 7:48am Apr 9, 2013 7:48am
EU just breakout. Do you think it's goin to fly? I'm not in front of my computer, cannot see any indicator, could you guys help?
"I set rules to protect myself from myself"
  • #1,672
  • Apr 9, 2013 8:00am Apr 9, 2013 8:00am
Quoting Favorite
Burt, what is important - you know what you want and you have the right tools! You're very lucky that at the very beginning you found TMS thread and this thread. Seriously!
I will be honest with you i have been reading the forum for more than 2 weeks now probably 6 to 8 hours a day minimum. But not just TMS, others methods. I also went back and followed successful traders in their path to success. Honestly i think i need a little time now to digest everything. Right now if i had to pick a style if would be based on Price action and supply and demand. I really came to realize that too many indicators just "lag" if you see what i mean. We have to adapt to the market and surf it if i may.

I started trading a mini account yesterday. I will leave the amount low until i prove that i can win week after week.

I used to play tournament poker online and i was fortunate enough to do well. The skills required to be a good trader are pretty close in my opinion.

Hopefully i can make my way to the 5%

Burt
  • #1,673
  • Apr 9, 2013 8:01am Apr 9, 2013 8:01am
Quoting hwZZZ
EU just breakout. Do you think it's goin to fly? I'm not in front of my computer, cannot see any indicator, could you guys help?
I don't like predicting things, I trade M1.

I would say: yes, there are good chances.
Attached Image
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,674
  • Apr 9, 2013 8:05am Apr 9, 2013 8:05am
Quoting Burt59
I will be honest with you i have been reading the forum for more than 2 weeks now probably 6 to 8 hours a day minimum. But not just TMS, others methods. I also went back and followed successful traders in their path to success. Honestly i think i need a little time now to digest everything. Right now if i had to pick a style if would be based on Price action and supply and demand. I really came to realize that too many indicators just "lag" if you see what i mean. We have to adapt to the market and surf it if i may. I started trading a mini account...
Sounds to me like a very good plan!

Good luck, Burt!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,675
  • Apr 9, 2013 8:06am Apr 9, 2013 8:06am
Quoting hwZZZ
EU just breakout. Do you think it's goin to fly? I'm not in front of my computer, cannot see any indicator, could you guys help?
There is another supply level so it shouldn't go far despite the momentum.
  • #1,676
  • Apr 9, 2013 8:11am Apr 9, 2013 8:11am
Quoting Favorite
I don't like predicting things, I trade M1. I would say: yes, there are good chances. {image}
Thx very much favorite and burt!
I dont usually trade this way. Only on the day I got lots of pips, I'll try some luck on breakouts using small lot.
I still believe in our MM style of trading is still the best.

Best Regards
"I set rules to protect myself from myself"
  • #1,677
  • Apr 9, 2013 8:13am Apr 9, 2013 8:13am
Quoting Burt59
There is another supply level so it shouldn't go far despite the momentum.

3075-3095 dificult zone
i have a sell pending at 3095
Look like a girl, act like a lady, think like a man and work like a dog.
  • #1,678
  • Apr 9, 2013 8:22am Apr 9, 2013 8:22am
Quoting Burt59
There is another supply level so it shouldn't go far despite the momentum.
Any level can be broken - no matter whether it's S&R (S&D), RNs, pivots, EMAs, etc. The mere presence of any support or resistance doesn't mean that price will stop or turn there. It doesn't work this way. Only PA can show whether it's respected or not
Let's go with the flow
  • #1,679
  • Edited 8:35am Apr 9, 2013 8:23am | Edited 8:35am
EJ 8+22 pips. entered on red lines and exit on yellow lines. Favorite please comment if I made it right.
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  • #1,680
  • Apr 9, 2013 8:26am Apr 9, 2013 8:26am
Quoting hwZZZ
I still believe in our MM style of trading is still the best.
Exactly!
Gentlemen always play by the rules. If they can't, they change the rules.
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