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Daytrading/scalping with high leverage - my proven strategy

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  • #2,101
  • Apr 14, 2013 10:54pm Apr 14, 2013 10:54pm
Hi everybody!

I started trading today much earlier because of the news, sold EURJPY at 2:42, exited at 3:33 with +60 pips! It was one hell of the trade. How come I stayed in the trade so long? Well, it was a naked 1-st TMA pattern trade ("TMA M1 beyong the Ichimoku cloud), so I expected a good profit. But most important - it was pretty close to both TMA H1 lower border and TMA H4 lower border, and these two borders were close, so the price was supposed to break both of them. And I was right! It took a long time, but then the price went down very fast, and I got 60 pips and could get much more - it is still going down. But I don't want to be greedy - I'm done for today!
Attached Images
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,102
  • Edited 11:16pm Apr 14, 2013 11:05pm | Edited 11:16pm
Quoting igor65
More so I won't do! It is necessary to wait for kickback!
Igor, it was one hell of a trade!

We both exited too early, but better be safe than sorry!

I made 60 pips and I could make 100 pips. I could make 40 more pips, but if I stayed longer I could lose 15-20 pips very easily - who knows?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,103
  • Apr 14, 2013 11:10pm Apr 14, 2013 11:10pm
Quoting dvanderlinde
+18 pips Had the "TMA M1 beyond the Ichimoku cloud" so waited for price to touch 5 min TMA
Very nicely done!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,104
  • Apr 14, 2013 11:12pm Apr 14, 2013 11:12pm
Quoting dvanderlinde
Didn't enter here because didn't like the spacing between the price and ichi and the price and 5 min TMA I am waiting till it gets close to ichi cloud and good Price Action for a proper entry
dvanderlinde, good for you! And besides the TMA M5 was still sloping up, so we'd better wait for a little while until it becomes at least horizontal!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,105
  • Apr 14, 2013 11:13pm Apr 14, 2013 11:13pm
Quoting igor65
Hi all! On Monday it is heavy to Russian to work and to the Russian trader it is even heavier!
Igor, I can assure you - the Americans hate Mondays too!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,106
  • Apr 14, 2013 11:15pm Apr 14, 2013 11:15pm
Quoting Favorite
Hi everybody! I started trading today much earlier because of the news, sold EURJPY at 2:42,
Hi Favorite!
Because of "corosive" Kuroda?
Attached Image (click to enlarge)
Click to Enlarge Name: corosive.PNG Size: 137 KB

UPDATE 1-BOJ's Kuroda says Japan market conditions improving
Nice week to all!
  • #2,107
  • Apr 14, 2013 11:17pm Apr 14, 2013 11:17pm
Ok. I found something interesting (i hope)

On Thu Apr 11, 2013 on Reuters (I will try to post just the US edition)
Was this articol:
Austria slams U.S., UK "tax havens" as EU turns up heat
(some one was really upset about this!)
then:
on Sat Apr 13, 2013 was:
UPDATE 1-Austria defies mounting pressure to end bank secrecy
then:
UPDATE 2-EU losing 1 trillion euros a year to tax dodging
and:
UPDATE 2-EU's six largest members agree to fight tax havens

Think about what is in America now

And then ,BANG!
This:
Austria's Fekter claims victory in EU bank secrecy fight
A "really a surprise"?
Just populism?
Or someone whant a "white" zone on EU map, as plan...B?


And just a small info from news:
Last June she told a TV interviewer that Italy might need a bailout because of its high borrowing costs,
a comment that Prime Minister Mario Monti called "completely inappropriate".

just my 2 cent..
bfree
  • #2,108
  • Apr 14, 2013 11:22pm Apr 14, 2013 11:22pm
Quoting bfree
Hi Favorite! Because of Koroda? UPDATE 1-BOJ's Kuroda says Japan market conditions improving Nice week to all!
Hi bfree!

Yes, because of this fat cat Kuroda! Believe it or not, but I remembered about this the whole weekend!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,109
  • Apr 14, 2013 11:26pm Apr 14, 2013 11:26pm
Quoting Favorite
Believe it or not, but I remembered about this the whole weekend!

But you still fine,i hope!



By the way..
try...some vodka with redbull on morning.
Disclaimer!-Not for beginner!
  • #2,110
  • Apr 14, 2013 11:27pm Apr 14, 2013 11:27pm
Quoting igor65
It is necessary to wait for kickback! {image}
Igor, I totally agree, we have to remember the 2-nd TMA pattern - "TMA M1 beyond TMA M5/M15" all the time!

Here's the picture: even when we see TMA M1 beyond TMA M5 where I marked with the first rectangle - we could stay for a little while because the TMA M1's angle (the slope) was good. But when TMA M1 started changing the angle becoming horizontal (I marked with the second rectangle) - then we knew that it was time for a good pullback!
Attached Image
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,111
  • Apr 14, 2013 11:29pm Apr 14, 2013 11:29pm
Quoting bfree
But you still fine,i hope!
Thank you, I'm OK, at my home, not in the mental institution!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,112
  • Apr 14, 2013 11:30pm Apr 14, 2013 11:30pm
Quoting Favorite
Hi everybody! I started trading today much earlier because of the news, sold EURJPY at 2:42, exited at 3:33 with +60 pips! It was one hell of the trade. How come I stayed in the trade so long? Well, it was a naked 1-st TMA pattern trade ("TMA M1 beyong the Ichimoku cloud), so I expected a good profit. But most important - it was pretty close to both TMA H1 lower border and TMA H4 lower border, and these two borders were close, so the price was supposed to break both of them. And I was right! It took a long time, but then the price went down very...
Hey can you talk more about the 1 hour TMA and 4 hour TMA being close?

Like are you saying because they are close price usually goes even farther then them?

Thanks
  • #2,113
  • Apr 14, 2013 11:32pm Apr 14, 2013 11:32pm
Quoting bfree
By the way.. try...some vodka with redbull on morning. Disclaimer!-Not for beginner!
Thank you, sounds interesting!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,114
  • Apr 14, 2013 11:39pm Apr 14, 2013 11:39pm
Quoting dvanderlinde
Hey can you talk more about the 1 hour TMA and 4 hour TMA being close? Like are you saying because they are close price usually goes even farther then them? Thanks
dvanderlinde, I promise that on Wednesday I'll post a huge "Babon-summary" post, and among the other things it'll contain all the information about TMA H1 and TMA H4 too.

But for now: when we see that TMA H1 is close to TMA H4 but it is not beyond TMA H4 and the price going this direction it usually means that the price would break both TMA H1 and TMA H4 and would go much further. I've seen it many times, it is one of the common "Older TMA's" patterns.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,115
  • Apr 14, 2013 11:47pm Apr 14, 2013 11:47pm
morning
coffeeeee time...
i hate monday...
Look like a girl, act like a lady, think like a man and work like a dog.
  • #2,116
  • Apr 14, 2013 11:47pm Apr 14, 2013 11:47pm
Quoting Favorite
dvanderlinde, I promise that on Wednesday I'll post a huge "Babon-summary" post, and among the other things it'll contain all the information about TMA H1 and TMA H4 too. But for now: when we see that TMA H1 is close to TMA H4 but it is not beyond TMA H4 and the price going this direction it usually means that the price would break both TMA H1 and TMA H4 and would go much further. I've seen it many times, it is one of the common "Older TMA's" patterns.
Thanks Favorite! Looking forward to it!

And just a question (Dont need to answer if you dont want to)

How long have you been trading this strategy? And how much $ or % have you made on your account?

To me it seems like you trade for a living is this correct?

Thanks
  • #2,117
  • Apr 15, 2013 12:11am Apr 15, 2013 12:11am
Quoting dvanderlinde
Thanks Favorite! Looking forward to it! And just a question (Dont need to answer if you dont want to) How long have you been trading this strategy? And how much $ or % have you made on your account? To me it seems like you trade for a living is this correct? Thanks
dvanderlinde, you're correct, I'm a full-time professional trader. It is a very new system, less than a month old. For the obvious reasons I won't say you the amount. Unfortunately I can't say the percentage either because this system is just one of the three M1 systems I trade right now on the same account, so it is almost impossible to calculate. I would say that Babon brings me on the average between 40 and 100 pips per day, and I trade only EURJPY and I never have more than one trade open.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,118
  • Apr 15, 2013 12:13am Apr 15, 2013 12:13am
Quoting Simonik
morning coffeeeee time... i hate monday...
Good morning, Simonik!

Igor and I were just talking about both the Russians and the Americans hating Mondays. Now I can see that it is an international hate!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,119
  • Apr 15, 2013 12:15am Apr 15, 2013 12:15am
Quoting Favorite
dvanderlinde, you're correct, I'm a full-time professional trader. It is a very new system, less than a month old. For the obvious reasons I won't say you the amount. Unfortunately I can't say the percentage either because this system is just one of the three M1 systems I trade right now on the same account, so it is almost impossible to calculate. I would say that Babon brings me on the average between 40 and 100 pips per day, and I trade only EURJPY and I never have more than one trade open.
dvanderline
+ aprox 30 pips EURUSD/day (extra safe conditions)
Look like a girl, act like a lady, think like a man and work like a dog.
  • #2,120
  • Apr 15, 2013 12:17am Apr 15, 2013 12:17am
Quoting Favorite
Good morning, Simonik! Igor and I were just talking about both the Russians and the Americans hating Mondays. Now I can see that it is an international hate!
In Romania, even grass dont grow on mondays

Yeaaah, united by hate!
Look like a girl, act like a lady, think like a man and work like a dog.
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