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Daytrading/scalping with high leverage - my proven strategy

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  • #2,401
  • Apr 17, 2013 3:03am Apr 17, 2013 3:03am
hope somebody else took this nice tma1 below tma5. i took 15 pips on this one
Attached Image
  • #2,402
  • Apr 17, 2013 3:04am Apr 17, 2013 3:04am
Bigger picture. Price hovering around Supply (sell) zone on H1.
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 38 KB
  • #2,403
  • Apr 17, 2013 3:19am Apr 17, 2013 3:19am
hello Favorite ,Thank you for your great work!


what's wrong with this long trade? bigger picture?
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  • #2,404
  • Apr 17, 2013 3:33am Apr 17, 2013 3:33am
Quoting jackey
hello Favorite ,Thank you for your great work! what's wrong with this long trade? bigger picture?
Hi jackey! I think you ignored some pretty big swings. I showed with the black rectangles how I see it. The black circle marked the place where we got lower low, which meant that the uptrend is over or almost over.

And of course you're right about the big picture too.
Attached Image
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,405
  • Apr 17, 2013 3:35am Apr 17, 2013 3:35am
Quoting jackey
hello Favorite ,Thank you for your great work! what's wrong with this long trade? bigger picture? {image}
what was the distance from your order to the tma for ex?
Look like a girl, act like a lady, think like a man and work like a dog.
  • #2,406
  • Apr 17, 2013 3:36am Apr 17, 2013 3:36am
Quoting tonny47
hope somebody else took this nice tma1 below tma5. i took 15 pips on this one
Yes, it was a very nice trade! I don't trade counter-trend, but you did it perfectly!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,407
  • Apr 17, 2013 3:48am Apr 17, 2013 3:48am
Im looking for Pattern oppurtunity everytime.
TMA M1 dotted line crosses ichimoku cloud, waiting for babon color, If its already same color then enter.
Attached Image (click to enlarge)
Click to Enlarge Name: ejp.gif Size: 229 KB
  • #2,408
  • Apr 17, 2013 3:49am Apr 17, 2013 3:49am
Thank Favorite,yes, I ignored it.

Quoting Simonik
what was the distance from your order to the tma for ex?
longer +10 pip.
  • #2,409
  • Apr 17, 2013 3:56am Apr 17, 2013 3:56am
Quoting jackey
Thank Favorite,yes, I ignored it. longer +10 pip.
i need more coffee perhaps...in your chart tma m5 at 129.70 max, and the order ~ 129.66

so...where is my coffee?
Look like a girl, act like a lady, think like a man and work like a dog.
  • #2,410
  • Apr 17, 2013 3:57am Apr 17, 2013 3:57am
Quoting Winner1245
Im looking for Pattern oppurtunity everytime. TMA M1 dotted line crosses ichimoku cloud, waiting for babon color, If its already same color then enter.
Winner1245, you're doing everything right, but unfortunately our 'big picture" is getting uglier and uglier. I'm done for today, but I'm not sure I would watch for an entry right now if I were trading.
Attached Image (click to enlarge)
Click to Enlarge Name: h1-eurjpy-1.gif Size: 72 KB
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,411
  • Apr 17, 2013 4:01am Apr 17, 2013 4:01am
Quoting Favorite
Winner1245, you're doing everything right, but unfortunately our 'big picture" is getting uglier and uglier. I'm done for today, but I'm not sure I would watch for an entry right now if I were trading.
hmmm , watched the h1 pattern , its going up ,since its CT i Breakeven after getting 15pips.
Exit at M15 . Looks like i need to stick with the trend and rarely take counter trend.
Only reason i took coz its LO , with lots of volume.
  • #2,412
  • Apr 17, 2013 4:02am Apr 17, 2013 4:02am
Quoting Favorite
...but unfortunately our 'big picture" is getting uglier and uglier...

I now is for UJ but take a look..
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY-2013.04.17-0730gmt.PNG Size: 780 KB
  • #2,413
  • Apr 17, 2013 4:10am Apr 17, 2013 4:10am
Quoting Winner1245
hmmm , watched the h1 pattern , its going up
No, no! I showed you the pattern "TMA H1 beyond TMA H4"

My summary post says about this pattern: "When TMA H1 goes beyond TMA H4 it usually starts a very unpleasant time. We know that EVENTUALLY trend has to change, but every time we have a pullback we don't have any idea - is it the beginning of the trend-changing or just a small pullback?"


And from the Price Action point of view it is pretty ugly too IMHO.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,414
  • Apr 17, 2013 4:25am Apr 17, 2013 4:25am
Hi Favorite

Have been watching this thread since the beginning and I am really amazed at your generosity. You taking the time and effort to guide us is really admirable. Yours is the only one that I managed to grow my live account from $100 to $800 in 1 week plus! Alas, due to my inexperience (was using DNA's MM) lost it all back to the market yesterday

Anyway, I know your system really helps and will endeavour to succeed this time thanks a million!

And not forgetting DNA, who w/o you we would not have this opportunity of a lifetime learning process!

Cheers!

P/S. Fav, are you in the States? I know DNA is in Brasil right?
  • #2,415
  • Apr 17, 2013 4:28am Apr 17, 2013 4:28am
Quoting Favorite
No, no! I showed you the pattern "TMA H1 beyond TMA H4" My summary post says about this pattern: "When TMA H1 goes beyond TMA H4 it usually starts a very unpleasant time. We know that EVENTUALLY trend has to change, but every time we have a pullback we don't have any idea - is it the beginning of the trend-changing or just a small pullback?" And from the Price Action point of view it is pretty ugly too IMHO.
Got it . Cool.Now, i see EU is also ugly.
But GU was good for selling opputurnites ( 2 hours ago after the break of H4 white line ) becaue H4 is pointing down and lots of space before it reaches H4 lower line. ????
Uploaded pictures.
!st one EU
2nd one GU 1H, 3rd same GU zoomed out
GU H1 pictures ...3rd one = Is that what you meant by DISAGREEMENT between TMA H! and TMA H4 direction.???
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 229 KB
Click to Enlarge Name: gu.gif Size: 232 KB
Click to Enlarge Name: gu2.gif Size: 234 KB
  • #2,416
  • Apr 17, 2013 4:32am Apr 17, 2013 4:32am
3 trades (2GU, 1EJ) , 22 pips (22%) - I'm done for today.

Favorite - your summary post was really helpful - things seem to be falling into place again (been a long time in the wilderness).
  • #2,417
  • Apr 17, 2013 4:33am Apr 17, 2013 4:33am
Sorry , Read the old post again . Doubt clarified. Thats not disagreement.
Price going from Lower border to upper border on H1 TMA similar to H4 TMA
  • #2,418
  • Apr 17, 2013 4:38am Apr 17, 2013 4:38am
Quoting Winner1245
3rd one = Is that what you meant by DISAGREEMENT between TMA H! and TMA H4 direction.???
No!

Quoting Winner1245
Got it . Cool.Now, i see EU is also ugly.
Yes, unfortunately EurUsd and EurJpy usually get ugly at the same time.


Quoting Winner1245
But GU was good for selling opputurnites ( 2 hours ago after the break of H4 white line ) becaue H4 is pointing down and lots of space before it reaches H4 lower line. ????
Exactly! That's why I want Dashboard!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,419
  • Apr 17, 2013 4:41am Apr 17, 2013 4:41am
Quoting Favorite
No, no! I showed you the pattern "TMA H1 beyond TMA H4" My summary post says about this pattern: "When TMA H1 goes beyond TMA H4 it usually starts a very unpleasant time. We know that EVENTUALLY trend has to change, but every time we have a pullback we don't have any idea - is it the beginning of the trend-changing or just a small pullback?" And from the Price Action point of view it is pretty ugly too IMHO.

well said favorite
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,420
  • Apr 17, 2013 4:42am Apr 17, 2013 4:42am
Favorite - many thanks for great summary of that edge !
You are the MEN !
"Trading require mental flexibility far beyond the scope of most people"
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