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Daytrading/scalping with high leverage - my proven strategy

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  • #3,241
  • Edited 5:42pm Apr 25, 2013 5:23pm | Edited 5:42pm
Quoting tonimg
So in a better time to trade, you would sell in that 2nd lower? the last drawed in that pic
No, better time or no better time I wouldn't enter there because it would be against the rules. After we failed to confirm the second lower high - everything we had before didn't matter, we had to watch establishing the trend again, from the very beginning. Please read Lance Beggs!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,242
  • Apr 25, 2013 5:29pm Apr 25, 2013 5:29pm
Quoting tonimg
Third, and about the quote, I know the hours that you said in Babon conditions, but by your experience, when have you more trades opportunity in GMT time?
Yes, I think we have great opportunities the whole European day, from appr. 5:00 AM GMT and until appr. 3:00 PM GMT. I usually manage to meet my daily goal in the first several hours, but that doesn't mean that the second half is worse that the first one, on the contrary it is great too!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,243
  • Apr 25, 2013 6:29pm Apr 25, 2013 6:29pm
Quoting Favorite
{quote} Two mistakes: 1). Failure to establish 2-nd Lower High 2). Not the best time to trade, I explained many times that American noon is most likely to be a low volume time, because Europe is already closed and America goes to lunch.
also looks to me he entered short at the end of that candle , should've entered in the beginning, ?
  • #3,244
  • Apr 25, 2013 6:37pm Apr 25, 2013 6:37pm
Quoting samblue
{quote} also looks to me he entered short at the end of that candle , should've entered in the beginning, ?
I'm sure he tried to enter at the very beginning, but his broker screwed him up a little bit. It is a pretty long candle, sometimes it happens, the longer the candle - the bigger chances.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,245
  • Apr 25, 2013 8:33pm Apr 25, 2013 8:33pm
Quoting metcalfe
{quote} I dont force anybody to show anything. I understand that tarding is stressfull. I only said it could be more explanatory seeing the entry and the exit pic to get the right approach to the strategy. and I am sure I am not the only one thinking about it. And I am talking about any trader. But if it is impossible I understand it

Metcalfe.

Its not impossible .

Ber tdf posted his entry live in post 1626. But he wasn't using Fav's template . Which didn't help to visualise the entry live.
I don't know if anyone else has i haven't read the whole thread.

Personally if im watching it live and i see a setup according to the rules i mark it then check back to the forum to see if anyone took the trade .

And yes it does look alot diff than in real time, if alot of bars have passed .
Enter Signature
  • #3,246
  • Apr 25, 2013 9:01pm Apr 25, 2013 9:01pm
Quote
Two mistakes:

1). Failure to establish 2-nd Lower High

2). Not the best time to trade, I explained many times that American noon is most likely to be a low volume time, because Europe is already closed and America goes to lunch.

Thank you Fav for clarification and others that participate in the discussion. I really learn of these post picture of mistakes and success trade.
  • #3,247
  • Apr 25, 2013 10:14pm Apr 25, 2013 10:14pm
Hi,
Can anyone help me. How do I get 3 different TMA lines (Black, Red, Yellow) to work? Is there any setting? All i can see is only one set with three colors Red for upper line, middle dotted green line and lower green line? I have downloaded the files from post #2326.

Thank you.
  • #3,248
  • Apr 25, 2013 10:56pm Apr 25, 2013 10:56pm
While waited for this movement there was a gray-haired hair. After that I will have a rest half an hour
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 56 KB
  • #3,249
  • Apr 25, 2013 11:11pm Apr 25, 2013 11:11pm
Attached Image (click to enlarge)
Click to Enlarge Name: babonxx.png Size: 130 KB


This is what i get when i attach the TMA. Is there any setting I have to configure? Can anyone help me?
Thanks. Newb here.
  • #3,250
  • Apr 25, 2013 11:44pm Apr 25, 2013 11:44pm
Crazy strategy thats all I can say. And then 218 pages of posts? wow....so many people trading around not knowing what they are doing.
  • #3,251
  • Apr 26, 2013 12:32am Apr 26, 2013 12:32am
Quoting PipMaxzz
Crazy strategy thats all I can say. And then 218 pages of posts? wow....so many people trading around not knowing what they are doing.
Thank you for your opinion.
By
Look like a girl, act like a lady, think like a man and work like a dog.
  • #3,252
  • Apr 26, 2013 12:58am Apr 26, 2013 12:58am
Quoting PipMaxzz
Crazy strategy thats all I can say. And then 218 pages of posts? wow....so many people trading around not knowing what they are doing.
Ok, if you can offer something smarter,please we are open.If not, please, I hope it is your last post here.
Success is nothing more than a few simple disciplines, practiced every day.
  • #3,253
  • Apr 26, 2013 1:08am Apr 26, 2013 1:08am
Babon T1=18p

Coffeee tiiiime
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-prom1.png Size: 58 KB
Look like a girl, act like a lady, think like a man and work like a dog.
  • #3,254
  • Edited 1:33am Apr 26, 2013 1:23am | Edited 1:33am
Quoting Favorite
{quote} No, better time or no better time I wouldn't enter there because it would be against the rules. After we failed to confirm the second lower high - everything we had before didn't matter, we had to watch establishing the trend again, from the very beginning. Please read Lance Beggs!
I knew that, it was a question to know if I am right, hehe. Thank you

I am reading it, but I have to be here asking things because you will fly!!!

PD: Finally, I will not be surveilled any more by moderator!! I needed 9 posts
  • #3,255
  • Apr 26, 2013 1:32am Apr 26, 2013 1:32am
I have a great advise for you Fav!!

Come to live in Spain!!! hahaha, you will have sun, a job during the day (GMT is almost european time), less broker limits, easier no-tax profits, and my Champaigne!!

See you soon! hehe
  • #3,256
  • Apr 26, 2013 3:17am Apr 26, 2013 3:17am
Quoting Simonik
Babon T1=18p Coffeee tiiiime {image}
Sorry..may be I did not understand it completely. For me it looked like risking 100 pips for a gain or 2-3 pips. One lose will wipe out 33 gains? Did I understand it right?
  • #3,257
  • Apr 26, 2013 3:36am Apr 26, 2013 3:36am
Quoting covetousrat
This is what i get when i attach the TMA. Is there any setting I have to configure? Can anyone help me? Thanks. Newb here.

You don't have to attach anything. Post 2326 already contains the templates that are ready for you.

There are two types of files there - indicators and templates.

You have to put indicators into the indicators folder. As far as I understand you did this right.

You have to put the templates into templates folder. Templates have ".tpl" extension.

Your templates folder is something like this:
C:/Program Files (x86)/MetaTrader4/templates

So put Babon-A.tpl, Babon-B.tpl and Babon-H1.tpl in this folder, then in your Metatrader4's terminal open a chart and open one of those templates.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,258
  • Apr 26, 2013 3:38am Apr 26, 2013 3:38am
Quoting PipMaxzz
{quote} Sorry..may be I did not understand it completely. For me it looked like risking 100 pips for a gain or 2-3 pips. One lose will wipe out 33 gains? Did I understand it right?
Please, please, pleaasseee read the strategy before judge (pdf on post 2346)

ps: in this trade i used a 5p SL..see the chart
Look like a girl, act like a lady, think like a man and work like a dog.
  • #3,259
  • Apr 26, 2013 3:44am Apr 26, 2013 3:44am
Quoting igor65
While waited for this movement there was a gray-haired hair. After that I will have a rest half an hour {image}
Hi Igor!I decided not to trade because of BOJ. Maybe it is wrong, but when I see the word "tentative" for this kind of the news, I have a feeling that the market is just waiting for me to open a trade and after that it will go against me on the news. Today's BOJ thing was a big news, and I decided better be safe than sorry. I made very good pips Monday through Thursday, so I can afford not to trade one day. Of course, the news time is over, and if I see a very good setup, I'll trade.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,260
  • Apr 26, 2013 3:51am Apr 26, 2013 3:51am
Quoting PipMaxzz
Sorry..may be I did not understand it completely. For me it looked like risking 100 pips for a gain or 2-3 pips. One lose will wipe out 33 gains? Did I understand it right?
Quoting Simonik
Please, please, pleaasseee read the strategy before judge (pdf on post 2346) ps: in this trade i used a 5p SL..see the chart
Simonik, I think it's hopeless...

Yesterday our mutual friend-imbecile said that in his imbecile's opinion I wouldn't leave the forum in 5 days. It was fun but frankly speaking I have a very strong desire to leave much earlier than April 30, because I don't see why should I stay longer and read and answer "PipMaxzz-like" questions again and again and again.
Gentlemen always play by the rules. If they can't, they change the rules.
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