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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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  • #2,681
  • Apr 19, 2013 2:11am Apr 19, 2013 2:11am
Hi Favorite,

first of all thank you for this greet system and explanationsa and time, I have never seen so good description as yours. I am using a system for 3 days and the result is very good so far. I think after few weeks of practice it gonna be even better.
I would like to ask you about this "TMA M1 beyond the Ichimoku cloud" trade. As I can see the price is almost hit the yellow M5 TMA line and the TMA M1 channel crossed the cloud a while ago, is it still OK to jump in a trade if I see a good price action?
thanks for the answer.
oh I almost forget thanks DNA for the MM and for the whole the thread.
Quoting Favorite
EurJpy +15 pips with naked "TMA M1 beyond the Ichimoku cloud" trading. Nice breakout. Total +50 pips today. {image}
  • #2,682
  • Apr 19, 2013 2:25am Apr 19, 2013 2:25am
Quoting Favorite
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.
OK Favorite.
Very thanks
  • #2,683
  • Apr 19, 2013 2:33am Apr 19, 2013 2:33am
Another nice naked pattern breakout. EurJpy, very fast +12 pips. Total +62 pips.

It was a very good, profitable week, so I think I'm done for today.
Attached Image (click to enlarge)
Click to Enlarge Name: m1-eurjpy.gif Size: 97 KB
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,684
  • Apr 19, 2013 2:33am Apr 19, 2013 2:33am
That would be fantastic Fav, again very much appreciated, i was going to take the break of the recent high again, but got nervous, dont want to get to greedy
  • #2,685
  • Apr 19, 2013 2:38am Apr 19, 2013 2:38am
Quoting monaghan
That would be fantastic Fav, again very much appreciated, i was going to take the break of the recent high again, but got nervous, dont want to get to greedy
Good for you! We have a great system here, but the greedy traders just don't survive, good system or bad system - doesn't matter!

Guys, I think my Price Action summary will be ready by Monday-Tuesday.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,686
  • Apr 19, 2013 2:40am Apr 19, 2013 2:40am
What it's not impossible.
3-7 pp take ...
a couple of deals in the negative.
  • #2,687
  • Apr 19, 2013 2:50am Apr 19, 2013 2:50am
Quoting Favorite
Dan, it was one hell of a trade!
Thanks Mike. I just took another one for 40 pips. Loving this system!! I may call it a day.

Dan
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy25.gif Size: 31 KB
  • #2,688
  • Apr 19, 2013 2:58am Apr 19, 2013 2:58am
Quoting Danimal42
Thanks Mike. I just took another one for 40 pips. Loving this system!! I may call it a day. Dan
Are we kicking some major butt or what?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,689
  • Apr 19, 2013 3:02am Apr 19, 2013 3:02am
ideal trade at morning
take profits on RN 129.00

... now is time for espresso on terrace
Attached Image (click to enlarge)
Click to Enlarge Name: trade5432.jpg Size: 365 KB
"Trading require mental flexibility far beyond the scope of most people"
  • #2,690
  • Apr 19, 2013 3:08am Apr 19, 2013 3:08am
Quoting Favorite
Are we kicking some major butt or what?
Yeah we are! Im done for today, just made 70 pips in less than two hours. No need to get greedy. I would of been happy with just 15 pips.

Dan
  • #2,691
  • Apr 19, 2013 3:08am Apr 19, 2013 3:08am
Quoting Alohamen
ideal trade at morning take profits on RN 129.00 ... now is time for espresso on terrace
Yes, it was an ideal trade!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,692
  • Apr 19, 2013 3:10am Apr 19, 2013 3:10am
First morning trading DNAs money management system and had 4 winners and 50% on account so thanks a bunch Fav and Co awesome system so far.

Got go to work now so will leave it at that for the day , next time will post charts but basically just buying EJ like Favorite very similar.

Awesome thread guys thanks again.
Feel the Fear and do it anyway!!!
  • #2,693
  • Apr 19, 2013 3:11am Apr 19, 2013 3:11am
Quoting Danimal42
Yeah we are! Im done for today, just made 70 pips in less than two hours. No need to get greedy. I would of been happy with just 15 pips. Dan
Yes, with DNA's MM and with compounding even 15 pips per day can double an account in a week!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,694
  • Apr 19, 2013 3:14am Apr 19, 2013 3:14am
Quoting clivepackham
First morning trading DNAs money management system and had 4 winners and 50% on account so thanks a bunch Fav and Co awesome system so far. Got go to work now so will leave it at that for the day , next time will post charts but basically just buying EJ like Favorite very similar. Awesome thread guys thanks again.
Yes, 50% per day doesn't sound bad, not bad at all!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,695
  • Apr 19, 2013 3:21am Apr 19, 2013 3:21am
good morning, guys by the time i get to my computer you have already made zillion dollars

i didnt have much time to trade today. only took this counter trend trade for 16 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 19 april eurjpy.gif Size: 24 KB
  • #2,696
  • Apr 19, 2013 3:26am Apr 19, 2013 3:26am
Hi favorite ,
Im looking at 5min chart of ichimoku cloud with same settings, Its working great.
Its avoiding all the chop from M1 and giving almost same entry as babon M1.
Entry is normal , when price breaks cloud , Reentry when price come back and touches the cloud .
No entry if the Candle that crosses the cloud is more than 30pips.
Let me know what you think . Thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5m.gif Size: 26 KB
Click to Enlarge Name: 5m 2.gif Size: 29 KB
  • #2,697
  • Apr 19, 2013 3:30am Apr 19, 2013 3:30am
Quoting tonny47
good morning, guys by the time i get to my computer you have already made zillion dollars i didnt have much time to trade today. only took this counter trend trade for 16 pips
Yes, very good counter-trend, and a very timely exit too!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,698
  • Apr 19, 2013 3:36am Apr 19, 2013 3:36am
Quoting killerno
Hi Favorite, first of all thank you for this greet system and explanationsa and time, I have never seen so good description as yours. I am using a system for 3 days and the result is very good so far. I think after few weeks of practice it gonna be even better. I would like to ask you about this "TMA M1 beyond the Ichimoku cloud" trade. As I can see the price is almost hit the yellow M5 TMA line and the TMA M1 channel crossed the cloud a while ago, is it still OK to jump in a trade if I see a good price action? thanks for the answer. oh I almost...
killerno, welcome aboard and thank you for your kind words!

As I stated in my summary, for the naked pattern trading we need only 3 things: good M1 Price Action, right "big picture" and a good TMA M1 angle. So if you see a good Price Action setup you can enter as long as the TMA M1 angle is good!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,699
  • Apr 19, 2013 3:45am Apr 19, 2013 3:45am
your's is a great system , and i use it in 1h and 4h mode for cds and commodity trades...

really clean and visual. i love it.

(in 1min trades i use also cci index in forexcube way.)

tank's a lot. indeed.
  • #2,700
  • Apr 19, 2013 3:49am Apr 19, 2013 3:49am
Quoting Winner1245
Hi favorite , Im looking at 5min chart of ichimoku cloud with same settings, Its working great. Its avoiding all the chop from M1 and giving almost same entry as babon M1. Entry is normal , when price breaks cloud , Reentry when price come back and touches the cloud . No entry if the Candle that crosses the cloud is more than 30pips. Let me know what you think . Thanks
Winner1245, you're absolutely right!

I trade only M1, but if any of you guys can adjust Babon for M5 - go for it, it's gonna be worth your while!

By "adjusting" I mean three things:

1). M5 requires bigger SL than M1
2). I wouldn't recommend to use a cloud breakout as a trigger, you'll get a lot of the false signals. You need another trigger, I think Babon Slope will do just fine.
3). The current Babon Slope's settings are ideal for M1, but I'm not sure that they are the best for M5, if you use Babon Slope for M5, you have to test different settings.
Gentlemen always play by the rules. If they can't, they change the rules.
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