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Daytrading/scalping with high leverage - my proven strategy

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  • #1,921
  • Apr 11, 2013 1:21am Apr 11, 2013 1:21am
Quoting condor666
Ok, so i will say : Hi Invisible i see you here every day
Yes, he's always here, he is quite a fan of this thread!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,922
  • Apr 11, 2013 1:22am Apr 11, 2013 1:22am
Hi obergan!

I'm glad to see you here!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,923
  • Apr 11, 2013 1:22am Apr 11, 2013 1:22am
Quoting Favorite
No, not really! I just watch the list of the participants-readers, when I see a friend, I say "Hi".
haha you got me too! i was looking few pages back what KrisBeli wrote
  • #1,924
  • Apr 11, 2013 1:31am Apr 11, 2013 1:31am
Quoting KrisBeli
I think artem_t the rights about color change, and its fixing at the following candle. But whether it is important? If we use the indicator, as the trigger.
Kristina, the picture Artem provided is very useful not only because we use Babon Slope as a trigger in the real trading, but also because some people watch the history and if they don't understand the right color change their understanding of the system is wrong too and their back-testing results are wrong too. So on the one hand you're right, but on the other hand this picture provides the right back-testing.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,925
  • Apr 11, 2013 1:37am Apr 11, 2013 1:37am
Quoting tonny47
long or too bad price action? Edit: sorry my bad, entry would be 1 candle after the vertical red line {image}
No, I wouldn't enter long here, it is obvious that the local High has been formed and price started a pullback.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,926
  • Apr 11, 2013 1:39am Apr 11, 2013 1:39am
Quoting condor666
Since i trade that method or my method based on this, i still didn't understood the thing with the 10 pips, any explanation ?
Fav, can you explain me this ?
My name is Martin... Martin Gale
  • #1,927
  • Apr 11, 2013 1:41am Apr 11, 2013 1:41am
Quoting KrisBeli
I thank you, Favorite! condor666,I perfectly know where I am
Kristina, he thought I was talking to him and called him "KrisBeli" by mistake!

So "wrong thread" - it was about me, not about you!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,928
  • Apr 11, 2013 1:46am Apr 11, 2013 1:46am
I am herebevery day dipping my toes gently in the water at this point but getting better with practice,
Lovely Jubberly
Geoff
  • #1,929
  • Apr 11, 2013 1:47am Apr 11, 2013 1:47am
Quoting Favorite
No, I wouldn't enter long here, it is obvious that the local High has been formed and price started a pullback.
when you say local high, do you mean high of the day?
  • #1,930
  • Apr 11, 2013 1:49am Apr 11, 2013 1:49am
Quoting condor666
Since i trade that method or my method based on this, i still didn't understood the thing with the 10 pips, any explanation ?
I made it a part of my "Babon" system: if we see a good signal but the signal candle is 10 pips or more, then we wouldn't enter, we wait a little bit and watch the price action before we enter.

It is because my experience says: on M1 after a long (10+ pips) candle we usually have a pullback, so we don't want to enter under the worst conditions, we want to wait and decrease the possible drawdown.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,931
  • Apr 11, 2013 1:50am Apr 11, 2013 1:50am
Quoting tonny47
haha you got me too! i was looking few pages back what KrisBeli wrote
No, tonny47, I'm not delusional (yet)!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,932
  • Apr 11, 2013 1:53am Apr 11, 2013 1:53am
Quoting tonny47
when you say local high, do you mean high of the day?
No, just M1's local High.

We trade M1, so for us the M1's highs and lows are important.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,933
  • Apr 11, 2013 1:56am Apr 11, 2013 1:56am
Quoting Favorite
Hi obergan! I'm glad to see you here!
Hi Misha. Me too.
  • #1,934
  • Apr 11, 2013 1:58am Apr 11, 2013 1:58am
There hasn't been any setups for a while tonight my time.
Very slow.
Enter Signature
  • #1,935
  • Apr 11, 2013 1:58am Apr 11, 2013 1:58am
Quoting GEOFFREY62
I am herebevery day dipping my toes gently in the water at this point but getting better with practice, Lovely Jubberly Geoff
Good for you, Geoff!

And I know some people when they want to master a new system use some visual testers, they say it is useful especially because you can train yourself even during the weekends.

I've never done it, but some people find it very helpful.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,936
  • Apr 11, 2013 2:03am Apr 11, 2013 2:03am
Quoting obergan
Hi Misha. Me too.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,937
  • Apr 11, 2013 2:06am Apr 11, 2013 2:06am
Quoting Favorite
I made it a part of my "Babon" system: if we see a good signal but the signal candle is 10 pips or more, then we wouldn't enter, we wait a little bit and watch the price action before we enter. It is because my experience says: on M1 after a long (10+ pips) candle we usually have a pullback, so we don't want to enter under the worst conditions, we want to wait and decrease the possible drawdown.
Ok it sounds logical
My name is Martin... Martin Gale
  • #1,938
  • Apr 11, 2013 2:20am Apr 11, 2013 2:20am
I already reached my daily goal a little while ago, but I wouldn't trade today's New York Open at any case, goal or no goal.


8:30 AM EST Unemployment Claims
8:30 AM EST FOMC Member Bullard Speaks


So be careful!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,939
  • Apr 11, 2013 2:25am Apr 11, 2013 2:25am
Quoting Favorite
you can exit because of the Babon color change, but if you see that the price goes into the Ichimoku cloud - you have to have VERY good reasons not to exit (maybe you can stay if you see a very good "TMA M1 beyond the Ichimoku cloud" pattern). Obviously here we don't see any good reasons, no reasons at all because we shouldn't enter in the first place. Fourth, I explained many times - 15 pips is our EMERGENCY stop! In case something sudden like today's high-impact news happens! We don't wait until our stop gets hit! {image}
Well, thanks a lot, now exits are completely clear to me
  • #1,940
  • Apr 11, 2013 2:25am Apr 11, 2013 2:25am
Quoting RougeTrader
Thanks ber_tdf - a very useful visual aid However, Forgive me if I'm mistaken but it appears to be giving out too many signals. Maybe I still haven't understood the colour change rule but it looks like its doing it a candle too early.......... Anyone else like to comment? Cheers RT {image}
Hi Rouge, yes, was my mistake ... I've updated the original post, I have not tried much (recently I connect) but seems to be ok.

P.S.: it would be good for me to know what parameters are you using if the error is repeated.

Regards, Bernardo.
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