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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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  • #3,301
  • Apr 26, 2013 8:01am Apr 26, 2013 8:01am
I forgot that there was a news but that wasn't a problem :
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My name is Martin... Martin Gale
  • #3,302
  • Apr 26, 2013 8:02am Apr 26, 2013 8:02am
Quoting Clover
hi Favorite! before you leave: a BIG thanks from me, too! I hope you'll enjoy your fruits! I'll trade this method till I get as good as you at it, even if it takes years. thanks again. - Clover
Good for you, Clover, and Good Luck!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,303
  • Apr 26, 2013 8:10am Apr 26, 2013 8:10am
Quoting Favorite
{quote} fxdivergence, I really appreciate it, thank you so very much! And of course I'm leaving not because of the stupid people, but because it's time for me to move on and enjoy the fruits of my labor. Participating in a very popular thread (like this one), being an author of a very powerful professional system - it is not only a big responsibility, but it is also very time consuming. Before Babon I created seven systems, for H-1, M5, M1 (all of them are on the Russian FOREX forums), all of them are very good, but not perfect. Babon took all the...
Hey Mike,

You want to take the back sit when I'm struggling to return But yes I understand how time consuming it has been responding to the so many questions after introducing this great system. And as to the near perfection of the system, it is and there is nothing more to add as I said the other day - SANTANA Congratulations again and enjoy the fruits of your labour

I have combined Babon with my system, and the result has been excellent but just been in the background trading and sleeping. I guess I will be more active as we get into the month of May. Just woke up and I see nothing new to trade, so I'm going back to bed for another hour before taking my son to school.

Have a great week end my friend, and God bless

Shalom to all

George
Low Risk Low Stress High Reward High Probability Trades
  • #3,304
  • Apr 26, 2013 8:15am Apr 26, 2013 8:15am
Hi Favorite,

sorry to hear that you leave, hope you gonna come back once a week at least Thanks for this amazing system again.
Before you leave would you share with us your experimental method for the entry of "TMA M1 beyond the Ichimoku cloud" pattern? Even if is not 100% accourate, maybe we can learn from it.
Do you have any news about the dashboard, would be nice to put an alarm into it(e-mail, sound)
regards
  • #3,305
  • Apr 26, 2013 8:18am Apr 26, 2013 8:18am
The last trade for today, +18 pips EurJpy.Once again used the "TMA M1 beyond the Ichimoku cloud" pattern and an excellent H1 big picture. Waited until another M1 pullback was over, exited at the red line.

So it is 61 pips for today, and I started trading an hour ago.
Attached Image
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,306
  • Edited 8:53am Apr 26, 2013 8:27am | Edited 8:53am
Quoting condor666
I forgot that there was a news but that wasn't a problem
Yes, exactly like I said: when we have an insignificant news and we are on the right side, the news just helps us.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,307
  • Apr 26, 2013 8:34am Apr 26, 2013 8:34am
Quoting Favorite
The last trade for today, +18 pips EurJpy.Once again used the "TMA M1 beyond the Ichimoku cloud" pattern and an excellent H1 big picture. Waited until another M1 pullback was over, exited at the red line. So it is 61 pips for today, and I started trading an hour ago.
Everything is exactly the same, just the target is smaller, I exited with +9 pips. So it is +70 pips in one hour. Probably the price will go further, but I'm done for today.
Attached Image
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,308
  • Apr 26, 2013 8:46am Apr 26, 2013 8:46am
Quoting Favorite
Everything is exactly the same, just the target is smaller, I exited with +9 pips. So it is +70 pips in one hour. Probably the price will go further, but I'm done for today.
Yes, I was right, the price went much further, it was supposed to reach the yellow line, and it did, I could make 15 pips more. But that's OK, you can't win them all.
Attached Image
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,309
  • Apr 26, 2013 8:58am Apr 26, 2013 8:58am
Quoting 919gilead
Hey Mike, You want to take the back sit when I'm struggling to return But yes I understand how time consuming it has been responding to the so many questions after introducing this great system. And as to the near perfection of the system, it is and there is nothing more to add as I said the other day - SANTANA Congratulations again and enjoy the fruits of your labour I have combined Babon with my system, and the result has been excellent but just been in the background trading and sleeping. I guess I will...
Hi George! I'm very glad that you're coming back and I agree that right now Babon doesn't need any additions.

I hope when you have time you'll share your way of trading, combining Babon with your system.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,310
  • Apr 26, 2013 9:02am Apr 26, 2013 9:02am
Favorite What risk % do you use? And do you always set 15 pips stop?
  • #3,311
  • Apr 26, 2013 9:11am Apr 26, 2013 9:11am
Quoting killerno
Hi Favorite, sorry to hear that you leave, hope you gonna come back once a week at least Thanks for this amazing system again. Before you leave would you share with us your experimental method for the entry of "TMA M1 beyond the Ichimoku cloud" pattern? Even if is not 100% accourate, maybe we can learn from it. Do you have any news about the dashboard, would be nice to put an alarm into it(e-mail, sound) regards
killerno, since I'm leaving all the questions and the suggestions about the Dashboard - to Paul (Mr.C). As to the experimental method - no, I'm not satisfied with it, naked pattern trading is much more profitable and much more safe and I don't want the participants trade the experimental method just because it is simpler than naked trading method, for us the profitability and safety are much more important than the simplicity.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,312
  • Apr 26, 2013 9:15am Apr 26, 2013 9:15am
Quoting smeden
Favorite What risk % do you use? And do you always set 15 pips stop?
smeden, yes, I always use 15 pips stop. I explained my MM in details here:
http://www.forexfactory.com/showthre...81#post6623081
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,313
  • Apr 26, 2013 9:26am Apr 26, 2013 9:26am
Quoting 919gilead
{quote} Hey Mike, You want to take the back sit when I'm struggling to return But yes I understand how time consuming it has been responding to the so many questions after introducing this great system. And as to the near perfection of the system, it is and there is nothing more to add as I said the other day - SANTANA Congratulations again and enjoy the fruits of your labour I have combined Babon with my system, and the result has been excellent but just been in the background trading and sleeping. I guess I will...
Quoting Favorite
{quote} Hi George! I'm very glad that you're coming back and I agree that right now Babon doesn't need any additions. I hope when you have time you'll share your way of trading, combining Babon with your system.

Hi Mike,

You know they say old habits die hard, and this is why I still combine my system with Babon, otherwise it does not need any addition(s). It is a stand alone system which just requires patience and discipline. I was going to leave before but then saw a potential AUDJPY short opportunity about an hour ago, and decided to test the waters for some few pips to close the week on a high note but the pair has continued to go down dropping another 24 pips even after my exit but not to worry, I already took my pips and will be back next week.

On the combined system, it is a mix from here but will post my simplified chart next week as I got to go now. I removed the 12 EMA and replaced it with the Ichi cloud and the M1 & M5 TMA and added the pivot indicator from Extreme TMA to replace the mini chart, so I can see what PA is doing for the day without going out of the M1 TF.

Have a good one pal.

Cheers
Low Risk Low Stress High Reward High Probability Trades
  • #3,314
  • Apr 26, 2013 9:33am Apr 26, 2013 9:33am
Hi Fav,

I have a question. Since we can trade this "TMA M1 beyond the Ichimoku cloud" pattern several times.
Is there any sign that say we shouldn't take anymore trade?
  • #3,315
  • Apr 26, 2013 9:38am Apr 26, 2013 9:38am
Quoting Khem
Hi Fav, I have a question. Since we can trade this "TMA M1 beyond the Ichimoku cloud" pattern several times. Is there any sign that say we shouldn't take anymore trade?
Most of time i stop after +50% profit.
Better sure than sorry.
My name is Martin... Martin Gale
  • #3,316
  • Apr 26, 2013 9:55am Apr 26, 2013 9:55am
Thanks for the answer Favorite. I really hope, that you gonna come back regulary.

Mr. Paul / Mr.C
Is it possible to give an alarm(sound, email) when the TMA M1 cross happens?
thanks a lot

Quoting Favorite
{quote} killerno, since I'm leaving all the questions and the suggestions about the Dashboard - to Paul (Mr.C). As to the experimental method - no, I'm not satisfied with it, naked pattern trading is much more profitable and much more safe and I don't want the participants trade the experimental method just because it is simpler than naked trading method, for us the profitability and safety are much more important than the simplicity.
  • #3,317
  • Apr 26, 2013 10:51am Apr 26, 2013 10:51am
Quoting Favorite
{quote} Simonik, he is such a big shot with "50 mil under his management", so of course it is for everybody! But if I were you I wouldn't get too excited, because after P.Dean blew up his 5K account, he withdraw the last 440 bucks from it. So maybe he is not such a big shot after all...

Damn...i was dreamind of a bizz oportunity
Look like a girl, act like a lady, think like a man and work like a dog.
  • #3,318
  • Apr 26, 2013 10:51am Apr 26, 2013 10:51am
Hey Mike,

Just came back from dropping my son in school, and was reviewing my AJ trade as I left 40+ pips on the table, and don't like that at all. Yes green pips is green pips but could do with that 40 pips to take the family for a nice dinner or even send some to you for your good work, and some to DNA for his new baby I will review some of your examples on M1 TMA beyond the Cloud to see how this could have improved my take profit level.

Shalom

George
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Click to Enlarge Name: AUDJPY Trade - 4262013.gif Size: 203 KB
Low Risk Low Stress High Reward High Probability Trades
  • #3,319
  • Apr 26, 2013 10:53am Apr 26, 2013 10:53am
Quoting 919gilead
On the combined system, it is a mix from here but will post my simplified chart next week as I got to go now. I removed the 12 EMA and replaced it with the Ichi cloud and the M1 & M5 TMA and added the pivot indicator from Extreme TMA to replace the mini chart, so I can see what PA is doing for the day without going out of the M1 TF. Have a good one pal. Cheers
George, thank you so very much! I'll study this modification very thoroughly!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,320
  • Apr 26, 2013 10:57am Apr 26, 2013 10:57am
Quoting Khem
Hi Fav, I have a question. Since we can trade this "TMA M1 beyond the Ichimoku cloud" pattern several times. Is there any sign that say we shouldn't take anymore trade?
Khem, it depends heavily on the price action. If you don't see a good price action signal - you don't enter... But on the whole if the TMA M1 became horizontal and even started sloping to the opposite side - that's it, that's the end of the run!
Gentlemen always play by the rules. If they can't, they change the rules.
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