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Daytrading/scalping with high leverage - my proven strategy

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  • #2,661
  • Apr 18, 2013 3:46pm Apr 18, 2013 3:46pm
Quoting 919gilead
Great job Mr C but you've taken away something I really cherish from BICv2, and that's the option to have user defined timeframes. I like to have M1 to M15 TFs on as a reflection of strong momentum; and when price pulls back and the M5 to M15 are still confirming the trade, then one has full confidence to re-enter when the M1 re-confirms a new entry. Please re-consider adding this option Mr C Shalom George
Quoting Mr C
I have been focused on entries and exiting on bands, I don’t wait for Dash trend change for exits I am working on the stars only on high probability but am still an armature at this and need more time to figure some things out. Paul Here you go…{file}
Much appreciated Mr C

Shalom

George
Low Risk Low Stress High Reward High Probability Trades
  • #2,662
  • Apr 18, 2013 4:02pm Apr 18, 2013 4:02pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting 919gilead
Much appreciated Mr C Shalom George
No problem I forgot the headings M1... , I edited my post and added them.

Paul
Of all the things I've lost I miss my mind the most .
  • #2,663
  • Apr 18, 2013 4:03pm Apr 18, 2013 4:03pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting Danimal42
Mike, do you have the Ichimoku Kinko Hyo indicator? It seems this one is a little different than the standard one that Metatrader provides which is called Ichimoku. They look the same but the options are a little different. Thanks, Dan
Got your PM does this one work.

Paul
Of all the things I've lost I miss my mind the most .
  • #2,664
  • Apr 18, 2013 4:37pm Apr 18, 2013 4:37pm
Quoting Simonik
Babon system today eurusd=64p today range eurusd=74p
Yes, we're having fun, ain't we?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,665
  • Apr 18, 2013 4:47pm Apr 18, 2013 4:47pm
Quoting Mr C
Got your PM does this one work. Paul

Paul,

I tried to adjust the settings-add the suffix from my broker, and the terminal ended up closing.

Dan
  • #2,666
  • Apr 18, 2013 5:40pm Apr 18, 2013 5:40pm
Quoting Mr C
No problem I forgot the headings M1... , I edited my post and added them. Paul
Thanks Mr C
Low Risk Low Stress High Reward High Probability Trades
  • #2,667
  • Apr 18, 2013 9:58pm Apr 18, 2013 9:58pm
This is late for me, but here was a quick M1 TMA over M5 TMA, confirmed with nice divergence. Fav, you may win me over to the TMA yet. I keep flipping between my charts and yours.... What a great problem to have. Now if I could just get rid of my job. It is getting in the way of real money making!
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #2,668
  • Apr 18, 2013 11:02pm Apr 18, 2013 11:02pm
How do you compare this system to the TMS system? Advantages? Disadvantages?
  • #2,669
  • Apr 19, 2013 12:58am Apr 19, 2013 12:58am
Two EurJpy trades, +10 pips and +15 pips. The second trade was a little bit nervous, but I saw the pattern "TMA beyond the Ichimoku cloud" forming so I stayed in this trade, and the DD was very small. I exited when price was 2 pips from the yellow line, didn't want to risk.
Attached Image
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,670
  • Apr 19, 2013 1:03am Apr 19, 2013 1:03am
Quoting capstone
This is late for me, but here was a quick M1 TMA over M5 TMA, confirmed with nice divergence. Fav, you may win me over to the TMA yet. I keep flipping between my charts and yours.... What a great problem to have. Now if I could just get rid of my job. It is getting in the way of real money making!
Nice!

A hundred trades like this one and with compounding - and you'll quit your job because millionaires don't work for somebody else!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,671
  • Apr 19, 2013 1:15am Apr 19, 2013 1:15am
EurJpy +10 pips
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Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,672
  • Apr 19, 2013 1:20am Apr 19, 2013 1:20am
Quoting samblue
How do you compare this system to the TMS system? Advantages? Disadvantages?

samblue, it is a very good question!

1). My system requires only 15 pips SL for crosses and 12 pips for majors. TMS is H1/H4 system, you can't trade TMS with SL less than 30-35 pips. And smaller SL means bigger lot size, and bigger lot size means bigger profits.

2). With TMS you have to stay in the trade for a long time, sometimes for many hours. Almost all of my trades are between 5 minutes and 30 minutes, most of them under 20 minutes. That means not only more effective trading (we have much more opportunities), but also huge advantages concerning the news handling.

3). TMS is a very good hourly system, but its weakest link - the exits. In my system both entries and exits are almost pin-pointed.

4). I don't see any disadvantages. When I traded TMS, I was making approximately 200 pips per week, with Babon I make more than 400 pips per week.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,673
  • Apr 19, 2013 1:37am Apr 19, 2013 1:37am
I made some bad trades yesterday due to my own fault not the systems but ended the day at +10 pips. Here are my 3 trades for today net +23 pips. IMF and G20 meetings today so trade responsibly and use SL or Lock on all your trades. We may see some wild price swings. If you have reached your daily goal already, please stop trading and start your weekend early. Thanks Favorite.
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Trading can't be taught but it can be learned
  • #2,674
  • Apr 19, 2013 1:43am Apr 19, 2013 1:43am
One trade, 30 Pips on this one. I saw we were TMA beyond the Ichimoku cloud and price action was right at the center line so waited for it to come back down to the TMA 1 to enter. I was trying to stay in until it hit TMA 15, but I got a little nervous. Anytime I see TMA beyond the cloud and Price action is close to the top of the TMA 1 band on what would be a long entry, I like to wait for it to come back down to the bottom band and then enter. As I am typing this, price finally hit the TMA 15, lol!

Dan
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  • #2,675
  • Apr 19, 2013 1:45am Apr 19, 2013 1:45am
Quoting Pipsninja
I made some bad trades yesterday due to my own fault not the systems but ended the day at +10 pips. Here are my 3 trades for today net +23 pips. IMF and G20 meetings today so trade responsibly and use SL or Lock on all your trades. We may see some wild price swings. If you have reached your daily goal already, stop trading and start your weekend early. Thanks Favorite.
And thank you!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,676
  • Apr 19, 2013 1:48am Apr 19, 2013 1:48am
EurJpy +15 pips with naked "TMA M1 beyond the Ichimoku cloud" trading. Nice breakout.

Total +50 pips today.
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Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,677
  • Apr 19, 2013 1:51am Apr 19, 2013 1:51am
Quoting Danimal42
One trade, 30 Pips on this one. I saw we were TMA beyond the Ichimoku cloud and price action was right at the center line so waited for it to come back down to the TMA 1 to enter. I was trying to stay in until it hit TMA 15, but I got a little nervous. Anytime I see TMA beyond the cloud and Price action is close to the top of the TMA 1 band on what would be a long entry, I like to wait for it to come back down to the bottom band and then enter. As I am typing this, price finally hit the TMA 15, lol! Dan
Dan, it was one hell of a trade!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,678
  • Apr 19, 2013 1:54am Apr 19, 2013 1:54am
Quoting Favorite
. 4). I don't see any disadvantages. When I traded TMS, I was making approximately 200 pips per week, with Babon I make more than 400 pips per week.
amazing ! I am looking forward , learning this method . thank you ,your the man
  • #2,679
  • Apr 19, 2013 2:00am Apr 19, 2013 2:00am
Thanks Fav
i caught the identical breakout trade for 15 pips, very grateful to you
  • #2,680
  • Apr 19, 2013 2:07am Apr 19, 2013 2:07am
Quoting monaghan
Thanks Fav i caught the identical breakout trade for 15 pips, very grateful to you
monaghan, good for you! And Prices Action rules!

I have a big plan. I'll go through the Lance Beggs second volume and copy the most important pictures and when I'm done I'll create a big post with his pictures only, no text, no my comments because you just can't explain it better than his pictures, all you have to do is to choose the most important ones.
Gentlemen always play by the rules. If they can't, they change the rules.
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