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Daytrading/scalping with high leverage - my proven strategy

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  • #3,021
  • Apr 23, 2013 11:14am Apr 23, 2013 11:14am
Quoting Favorite
{quote} Hi killerno! Glad to hear that you're doing just fine! It's too early to make any decisions about my experimental method. So far it works just fine, the problem is if we would go with this method, we'll need an additional template, otherwise our Babon-B would become too crowded. So I'm testing this method and still trying to find another one, the better one. So I'm still open to the suggestions for the "TMA M1 beyond the Ichimoku cloud" TRIGGER-indicator.
What about this ?
Attached File(s)
File Type: tpl TMA Beyond the cloud.tpl   2 KB | 421 downloads
My name is Martin... Martin Gale
  • #3,022
  • Apr 23, 2013 11:37am Apr 23, 2013 11:37am
hi everybody!

I am fairly new to this forum and forex trading in particular. first I want to thank Favorite and everyone here for this marvelous trading style and the help you offer.
I want to get as good as Favorite is at this trading style. I read the .pdf file a few times now and a good bunch of posts here in this thread, too.
now I have one/two burning question I could not figure out of my own.

we trade only in the direction of the trend in 1h chart and 4hr chart. here is my question:
when the price reached the bottom or top (green circles in screenshot) of the tma-1h channel, is it wise to trade only long then or, if it reached the top of the tma-1h channel, trade only short? I was so confused because the indicators showed me an downtrend or as it is right now and uptrend (TDI is at 50 apart from the fact the two lines are more then 10 points apart from each other) but I think it would not be very propable to go any further or am I wrong?
another thing I noticed today was when, in a clear uptrend, the 1h candle turned bearish (yellow circle). should I only trade short signals for this hour, or still long?



thanks for any help
and thanks again for this wonderful system
- Clover
Attached Image (click to enlarge)
Click to Enlarge Name: fav_system.jpg Size: 268 KB
You can't go broke taking profits.
  • #3,023
  • Apr 23, 2013 11:42am Apr 23, 2013 11:42am
Quoting condor666
What about this ? {file}
condor666, thank you for the input, I really appreciate your help.

Unfortunately I already tried it even before I created Babon. M1's Heiken Ashi are not very reliable, sometimes it works, sometimes it doesn't work, it depends heavily on trending/ranging, on the whole maybe it is not 50/50, but it is 60/40 at best.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,024
  • Apr 23, 2013 11:49am Apr 23, 2013 11:49am
Quoting Favorite
{quote} condor666, thank you for the input, I really appreciate your help. Unfortunately I already tried it even before I created Babon. M1's Heiken Ashi are not very reliable, sometimes it works, sometimes it doesn't work, it depends heavily on trending/ranging, on the whole maybe it is not 50/50, but it is 60/40 at best.
Favorite, and Fisher ?
Attached Image (click to enlarge)
Click to Enlarge Name: fisher.png Size: 112 KB
  • #3,025
  • Apr 23, 2013 11:56am Apr 23, 2013 11:56am
Quoting Clover
we trade only in the direction of the trend in 1h chart and 4hr chart. here is my question: when the price reached the bottom or top (green circles in screenshot) of the tma-1h channel, is it wise to trade only long then or, if it reached the top of the tma-1h channel, trade only short? I was so confused because the indicators showed me an downtrend or as it is right now and uptrend (TDI is at 50 apart from the fact the two lines are more then 10 points apart from each other) but I think it would not be very propable to go any further or...
Clover, that's your mistake, and it is important! My summary doesn't say that we trade only in the direction of the H1 trend! My summary says that we trade in the direction our "big picture" shows, and that's a big difference! When we see a well defined H1 trend and we don't see any TMA patterns or TDI patterns that say otherwise - then we trade in the direction of the trend! If our "big picture" shows a good pullback, we try to take advantage of it too, although technically that would be a countertrend! And when you look at the big picture, you have to do it exactly like I recommended: Price Action, TDI and TMA's patterns too! You didn't pay any attention to a very strong and important TMA pattern - the center line (white dotted line). My summary explains that when we see this pattern we should stay out of the market for a while, until we see either a good breakout or a good bounce. That what you had to do: wait!

Quoting Clover
I noticed today was when, in a clear uptrend, the 1h candle turned bearish (yellow circle). should I only trade short signals for this hour, or still long?
This candle was an obvious small pullback (TDI, HA, TMAs showed that), you should wait until it was over and then wait for a good long signal.

Guys, remember, you don't have to be in all the time, with big picture we have three options, and one of them is - just stay out of the market and wait.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,026
  • Apr 23, 2013 12:01pm Apr 23, 2013 12:01pm
Quoting ber_tdf
Favorite, and Fisher ?
When I hear "Fisher" the first thing comes to my mind: does it repaint?

Bernardo, if you have a good, reliable, non-repainting version of Fisher and can post it here, I would really appreciate it and I would start testing it.

Thank you!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,027
  • Apr 23, 2013 12:12pm Apr 23, 2013 12:12pm
Quoting Favorite
{quote} Clover, that's your mistake, and it is important! My summary doesn't say that we trade only in the direction of the H1 trend!
thank you very much Favorite!
that clears up alot .
I need your mindset.
you see things I don't see/realise.

tomorrow I'll try again, and the day after that, and the day after that, and so on.
kk, thx again.
- Clover
You can't go broke taking profits.
  • #3,028
  • Apr 23, 2013 12:13pm Apr 23, 2013 12:13pm
Quoting Favorite
{quote} When I hear "Fisher" the first thing comes to my mind: does it repaint? Bernardo, if you have a good, reliable, non-repainting version of Fisher and can post it here, I would really appreciate it and I would start testing it. Thank you!
AP Reports Of Two Explosions At White House, Obama Injured

be safe!
Look like a girl, act like a lady, think like a man and work like a dog.
  • #3,029
  • Apr 23, 2013 12:15pm Apr 23, 2013 12:15pm
Came home from work ...
Let me think ... open terminal
saw the normal entrance ....
entered ...
+ 72% of the deposit in a single trade!!

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1 2.png Size: 29 KB
  • #3,030
  • Apr 23, 2013 12:17pm Apr 23, 2013 12:17pm
Fav

Maybe Genesys is ok for you?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-prom1.png Size: 60 KB
Look like a girl, act like a lady, think like a man and work like a dog.
  • #3,031
  • Apr 23, 2013 12:18pm Apr 23, 2013 12:18pm
Quoting Favorite
{quote} condor666, thank you for the input, I really appreciate your help. Unfortunately I already tried it even before I created Babon. M1's Heiken Ashi are not very reliable, sometimes it works, sometimes it doesn't work, it depends heavily on trending/ranging, on the whole maybe it is not 50/50, but it is 60/40 at best.
Maybe ATR ?
My name is Martin... Martin Gale
  • #3,032
  • Apr 23, 2013 12:19pm Apr 23, 2013 12:19pm
Quoting Favorite
{quote} When I hear "Fisher" the first thing comes to my mind: does it repaint? Bernardo, if you have a good, reliable, non-repainting version of Fisher and can post it here, I would really appreciate it and I would start testing it. Thank you!
Favorite, here it is... note that I modify this indicators (like others) to only display information when the candle closes, if needed can be deleted. I put in 90 periods, but maybe a value of 70 can work well. Apart from looking at the change over/under level of zero is good to see the divergences regard to the price (HL & LH).

Regards, Bernardo.
Attached File(s)
File Type: mq4 FX Fisher.mq4   6 KB | 493 downloads
  • #3,033
  • Apr 23, 2013 12:20pm Apr 23, 2013 12:20pm
Quoting Simonik
{quote} AP Reports Of Two Explosions At White House, Obama Injured be safe!
It's just an hoax as far as I can judge!

http://livewire.talkingpointsmemo.co...claiming-obama
  • #3,034
  • Apr 23, 2013 12:22pm Apr 23, 2013 12:22pm
Quoting Grey63
Came home from work ... Let me think ... open terminal saw the normal entrance .... entered ... + 72% of the deposit in a single trade!! {image}
Awesome trade!!!!!

Gotta be quick off the mark to catch them thou.

I watched it but by the time I picked my jaw off of the floor it was all over.
Feel the Fear and do it anyway!!!
  • #3,035
  • Apr 23, 2013 12:23pm Apr 23, 2013 12:23pm
Quoting jeff75
{quote} It's just an hoax as far as I can judge!
yup hoax it is.
A drop and rally up on all JPY pairs
someone hacked twitter account aand posted it seems
  • #3,036
  • Apr 23, 2013 12:27pm Apr 23, 2013 12:27pm
Quoting Winner1245
{quote} yup hoax it is. A drop and rally up on all JPY pairs someone hacked twitter account aand posted it seems
Hoax or not, something like this result in haotic moves

Be safe
Look like a girl, act like a lady, think like a man and work like a dog.
  • #3,037
  • Apr 23, 2013 12:29pm Apr 23, 2013 12:29pm
Quoting Grey63
Came home from work ... Let me think ... open terminal saw the normal entrance .... entered ... + 72% of the deposit in a single trade!! {image}
Hi Grey, good for you, for many reasons I did not find a good short entry (according to my system)... today should be taken one (or a couple) of beer in honor of this hackers !

Regards, Bernardo.
  • #3,038
  • Apr 23, 2013 12:30pm Apr 23, 2013 12:30pm
Quoting Grey63
Came home from work ... Let me think ... open terminal saw the normal entrance .... entered ... + 72% of the deposit in a single trade!! {image}
Got lucky.
that trade couldve gone any directions since made by fake news
  • #3,039
  • Apr 23, 2013 12:31pm Apr 23, 2013 12:31pm
Quoting condor666
{quote} Maybe ATR ?
Quoting Simonik
Fav Maybe Genesys is ok for you? {image}
Simonik, condor, thank you so much! I tried both Genesys and ATR - it is not what we need as a trigger.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,040
  • Apr 23, 2013 12:37pm Apr 23, 2013 12:37pm
Quoting Grey63
Came home from work ... Let me think ... open terminal saw the normal entrance .... entered ... + 72% of the deposit in a single trade!!
Good for you! I don't trade at this time of the day, but hoax or no hoax - you chose the right direction all along!
Gentlemen always play by the rules. If they can't, they change the rules.
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