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Daytrading/scalping with high leverage - my proven strategy

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  • #3,441
  • Apr 30, 2013 4:20am Apr 30, 2013 4:20am
Quoting baccarat
{quote} That would be nice but i think most users will be busy handling their trade in M1 after they opened it instead of doing this.
Users could take the big picture several minutes before or after they take the trade. For traders like me using Demo it's not a risk to take a screen capture in this space of time . To post here trades that workout and are agaist the rules , are for this thread worthless . To look at the conditions and information when a trade was taken is important . After a trade has worked out , some of the initial information have been changed , due repainting . It's important what information I have in the moment I initiate a trade and not when it has been worked out .
  • #3,442
  • Apr 30, 2013 4:25am Apr 30, 2013 4:25am
Quoting sk2
{quote} Users could take the big picture several minutes before or after they take the trade. For traders like me using Demo it's not a risk to take a screen capture in this space of time . To post here trades that workout and are agaist the rules , are for this thread worthless . To look at the conditions and information when a trade was taken is important . After a trade has worked out , some of the initial information have been changed , due repainting . It's important what information I have in the moment I initiate a trade and not when it has...
Well I just took a short a little while ago I think i used the babon rules if it's not a valid rule to be short let me know
  • #3,443
  • Apr 30, 2013 4:26am Apr 30, 2013 4:26am
Quoting baccarat
{quote} Imo the right entry was here (red line), i took that one. Exited too early though. {image}
Nice trade . Did you take a breakout on your 2 last trades ?
  • #3,444
  • Apr 30, 2013 4:29am Apr 30, 2013 4:29am
Quoting sk2
{quote} Nice trade . Did you take a breakout on your 2 last trades ?
The GBP/JPY is unrelated to babon it's taken from a 1 hour chart. But the last one eur/jpy i think should be a valid babon rule entry. If my eur/jpy entry shouldn't have been valid let me know.
  • #3,445
  • Apr 30, 2013 4:29am Apr 30, 2013 4:29am
Quoting sk2
{quote} Nice trade . Did you take a breakout on your 2 last trades ?
Yes this particular candle broke into the former established resistance without a wick, and the big picture was right. So i guess you could call it a breakout .
  • #3,446
  • Apr 30, 2013 4:37am Apr 30, 2013 4:37am
Quoting sk2
{quote} Nice trade . Did you take a breakout on your 2 last trades ?
My other eur/jpy that was closed for 17 and 13 pips was from a breakout trade on my 1 hour chart. The last one I just closed just now is a babon entry rule 1 min chart. This gbp/jpy i'm holding is also from my other breakout trade. It's looking to get a 60 pips profit on my gbp/jpy.
  • #3,447
  • Apr 30, 2013 4:38am Apr 30, 2013 4:38am
Quoting maflip
{quote} Well I just took a short a little while ago I think i used the babon rules if it's not a valid rule to be short let me know
Sorry , since that time you took the trade the indicators have changed .

Regards , sk2
  • #3,448
  • Apr 30, 2013 4:39am Apr 30, 2013 4:39am
Quoting sk2
{quote} Sorry , since that time you took the trade the indicators have changed . Regards , sk2
Well it worked out I should have held longer heh heh oh well better than loosing
  • #3,449
  • Apr 30, 2013 4:48am Apr 30, 2013 4:48am
Pullback should be imminent imo..
TMA M1 over M5/M15
TDI Distance > 10
1H Chart at TMA bottom...
Still, the downtrend is strong. Be cautious.
  • #3,450
  • Apr 30, 2013 4:49am Apr 30, 2013 4:49am
Quoting maflip
{quote} Well it worked out I should have held longer heh heh oh well better than loosing
The winner is always right !
  • #3,451
  • Apr 30, 2013 4:50am Apr 30, 2013 4:50am
Quoting sk2
{quote} The winner is always right !
heh thanks there's a big Head and Shoulders pattern on GBP/JPY if they break this shoulder I'm going to party LOL
  • #3,452
  • Apr 30, 2013 4:51am Apr 30, 2013 4:51am
Quoting sk2
{quote} The winner is always right !
It's at support area right now though I hope they break it HAH HAH
  • #3,453
  • Apr 30, 2013 4:58am Apr 30, 2013 4:58am
Quoting maflip
{quote} It's at support area right now though I hope they break it HAH HAH
nope hit my trailing stop just took 39 pips... oh well I might regret it. I'm not doing bad for a noob lol
  • #3,454
  • Apr 30, 2013 5:03am Apr 30, 2013 5:03am
Quoting maflip
{quote} It's at support area right now though I hope they break it HAH HAH
If price goes through support or resitance I never know if this levels are broken or . Price often moving around .
  • #3,455
  • Apr 30, 2013 5:09am Apr 30, 2013 5:09am
Quoting sk2
{quote} If price goes through support or resitance I never know if this levels are broken or . Price often moving around .
Means levels are broken. Also some traders looks for the close of the bar to be below or above the broken support/resistance for it to be valid.
  • #3,456
  • Apr 30, 2013 5:16am Apr 30, 2013 5:16am
Quoting maflip
{quote} Means levels are broken. Also some traders looks for the close of the bar to be below or above the broken support/resistance for it to be valid.
Thanks
  • #3,457
  • Apr 30, 2013 6:01am Apr 30, 2013 6:01am
Quoting Simonik
Gentlemens We have a functional system with clear rules. Each of us uses or not additional indicators I propose to keep the discussion just about Babon to avoid turning a phenomenal system in a1000 imperfect variations So, please post your trades regard Babon System and try not to focus about variations
I really agree with Simonik.

Please post your trades, examples and pictures. If you have any other idea about new trading system START NEW TREAD

This system is really perfect.
Don`t place here your five cent.

Please learn all tread, it`s very simple system. And we don`t want to see here a new bicycle.

Good trades to all.
  • #3,458
  • Apr 30, 2013 7:42am Apr 30, 2013 7:42am
It's sad that Fav isn't anymore here cause i think i finally found what he was seeking, a good filter for "TMA Beyond The Cloud".
If someone is intersted i'll post the template.
My name is Martin... Martin Gale
  • #3,459
  • Apr 30, 2013 7:44am Apr 30, 2013 7:44am
Just finished reading the thread. Now for the studying and mastering of the method. Thank you so much DNA, Fav and all the others!
  • #3,460
  • Apr 30, 2013 7:47am Apr 30, 2013 7:47am
Went long. Still in it. Should probably be closing it, but am posting this.

Update: Closed for 20 pips.
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