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Daytrading/scalping with high leverage - my proven strategy

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  • #2,421
  • Apr 17, 2013 4:44am Apr 17, 2013 4:44am
Quoting Winner1245
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
That's right!

Here is disagreement:
Attached Image
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,422
  • Apr 17, 2013 4:44am Apr 17, 2013 4:44am
TMA m5 band:

- 15p eurusd
- 16p gbpusd
- 26p usdjpy
- 45p eurjpy

Look like a girl, act like a lady, think like a man and work like a dog.
  • #2,423
  • Apr 17, 2013 4:45am Apr 17, 2013 4:45am
Quoting billytt
well said favorite
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,424
  • Apr 17, 2013 4:47am Apr 17, 2013 4:47am
A DAshboard would be awesome !!!!.
I thought paul was creating it ??
  • #2,425
  • Apr 17, 2013 4:48am Apr 17, 2013 4:48am
Quoting hollowhead
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).

Thank you, hollowhead!

And 22% is a very good result!

I think in a couple of days everybody will get used to the summary and the results will be even better!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,426
  • Apr 17, 2013 4:50am Apr 17, 2013 4:50am
Quoting Alohamen
Favorite - many thanks for great summary of that edge ! You are the MEN !
Alohamen, thank you!

And yes - I am the man!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,427
  • Apr 17, 2013 4:52am Apr 17, 2013 4:52am
Quoting Winner1245
A DAshboard would be awesome !!!!. I thought paul was creating it ??
Yes, Paul is working on it and he's making a very good progress!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,428
  • Apr 17, 2013 4:57am Apr 17, 2013 4:57am
Quoting Favorite
That's right! Here is disagreement: {image}
Thanx for the reply.

Since you are trading this method from long time , Can you clarify about trend reversal ??
We will never know for sure whether its pullback or reversal , but
can we use the 5-Point LH - LL wave pattern as an indication for trend reversal ???
I know that you use it for Classic babon entries but just sayin can we do that for reversal??
Sorry for the naked chart.. Never mind the entry (from LL) it was the Beyond cloud pattern
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  • #2,429
  • Apr 17, 2013 5:09am Apr 17, 2013 5:09am
Quoting Winner1245
but can we use the 5-Point LH - LL wave pattern as an indication for trend reversal ??? I know that you use it for Classic babon entries but just sayin can we do that for reversal??
Winner1245, no, I wouldn't do that.

Price Action is much bigger and much more complicated than those 5 points. You have to consider depth, projection, angles, the swings sizes etc. Just one naked 5 points pattern wouldn't work, and if it is ranging it would lose a lot of money.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,430
  • Apr 17, 2013 5:13am Apr 17, 2013 5:13am
Quoting steo
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...
Thank you, steo!

Your losing all your profits is obviously not a good thing, but we live and we learn. I'm sure if you're using 15 pips SL I recommended that would never happen.

Yes, I'm in US, DNA is from Brazil.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,431
  • Apr 17, 2013 5:15am Apr 17, 2013 5:15am
Quoting Favorite
Winner1245, no, I wouldn't do that. Price Action is much bigger and much more complicated than those 5 points. You have to consider depth, projection, angles, the swings sizes etc. Just one naked 5 points pattern wouldn't work, and if it ranging it would lose a lot of money.
Thanks.
  • #2,432
  • Apr 17, 2013 5:22am Apr 17, 2013 5:22am
Quoting steo
I know DNA is in Brasil right?
hi my friend...

i'm in italy, but will be in brasil!!
  • #2,433
  • Apr 17, 2013 5:32am Apr 17, 2013 5:32am
Quoting Favorite
Thank you, steo! Your losing all your profits is obviously not a good thing, but we live and we learn. I'm sure if you're using 15 pips SL I recommended that would never happen. Yes, I'm in US, DNA is from Brazil.
will work on the SL
  • #2,434
  • Apr 17, 2013 5:33am Apr 17, 2013 5:33am
Quoting dnabrasil
hi my friend... i'm in italy, but will be in brasil!!
  • #2,435
  • Apr 17, 2013 5:38am Apr 17, 2013 5:38am
miss the downmove because of some pc issues - took me over an hour to fix it
but took this countertrend for 15.5pips just now
up about 21 pips for today. would be more if i didnt waste 20 pips on some random trade idea
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  • #2,436
  • Apr 17, 2013 5:43am Apr 17, 2013 5:43am
Fav, not sure if 10:11 trade would be a good entry based on price action?
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  • #2,437
  • Apr 17, 2013 5:51am Apr 17, 2013 5:51am
Quoting tonny47
Fav, not sure if 10:11 trade would be a good entry based on price action?
10:14 was a very nice breakout and you still could make 35-40 pips.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,438
  • Apr 17, 2013 5:53am Apr 17, 2013 5:53am
Quoting tonny47
miss the downmove because of some pc issues - took me over an hour to fix it but took this countertrend for 15.5pips just now up about 21 pips for today. would be more if i didnt waste 20 pips on some random trade idea
tonny47, it is a very nice counter-trend! Good for you!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,439
  • Apr 17, 2013 6:05am Apr 17, 2013 6:05am
ok, soooo you would wait until the 10.14 candle closed, right?
Quoting Favorite
10:14 was a very nice breakout and you still could make 35-40 pips.
  • #2,440
  • Apr 17, 2013 6:10am Apr 17, 2013 6:10am
another quick 12 pips in 3 min
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