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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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  • #3,621
  • May 3, 2013 6:39am May 3, 2013 6:39am
Without Favorite this treahd is just DEAD !!!
  • #3,622
  • May 3, 2013 6:49am May 3, 2013 6:49am
Quoting ckikadikoi
Without Favorite this treahd is just DEAD !!!
Exactly what i'm thinking !
My name is Martin... Martin Gale
  • #3,623
  • May 3, 2013 6:55am May 3, 2013 6:55am
Troll win again....

To win against the trolls, just one thing to do.

DO NOT RESPOND TO THEIR ATTACK
  • #3,624
  • May 3, 2013 7:27am May 3, 2013 7:27am
well to be fair, most of the people here cant be bothered to post their trades or charts, so whats the surprise of dying thread... you cant expect Favorite to do the homework for you.
  • #3,625
  • May 3, 2013 7:46am May 3, 2013 7:46am
Quoting tonny47
anybody took any trades in the past few hours or just waiting?
Hi,
I made one trade this morning on $/£(17 pips~), using Favorite's templates but as I did'nt follow exactly the babon rules
I preferred not to post my charts.
I think that this week was special; there were many bank holidays in Europe and Asia.
  • #3,626
  • Edited 8:24am May 3, 2013 8:13am | Edited 8:24am
Here is the kumo_breakout_indicator who shows the ichimoku indicator as a histogram. If the candle closed beyond the cloud the colour is blue, if the candle closes under the cloud the colour is red and if the candle closed in the cloud the colour is yellow. The indicator is equipped with alerts.

Maybe you can use this indicator as an eye catcher for better identification of the ichimoku signals.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 79 KB


Attached File(s)
File Type: mq4 Kumo_Breakout_Histo.mq4   9 KB | 449 downloads

Attached File(s)
File Type: ex4 Kumo_Breakout_Histo.ex4   11 KB | 378 downloads
  • #3,627
  • May 3, 2013 8:21am May 3, 2013 8:21am
yes, find it quite difficult to find good trades and end up sometime taking second (sometimes even worse but i am working on that) class trades. not sure how and if other people traded today considering that price was most of the time outside 5min tma channel.

Quoting jeff75
{quote} Hi, I made one trade this morning on $/£(17 pips~), using Favorite's templates but as I did'nt follow exactly the babon rules I preferred not to post my charts. I think that this week was special; there were many bank holidays in Europe and Asia.
  • #3,628
  • May 3, 2013 8:40am May 3, 2013 8:40am
This up move on eurjpy is SEXY I love it
  • #3,629
  • May 3, 2013 9:29am May 3, 2013 9:29am
Quoting tonny47
yes, find it quite difficult to find good trades and end up sometime taking second (sometimes even worse but i am working on that) class trades. not sure how and if other people traded today considering that price was most of the time outside 5min tma channel. {quote}
Maybe it is possible to keep the same strategy if we enter above or beyond tma 5 and if the distance bettween this tma 5
and TMA 15 is greater than ten pips. I noticed that some people in this forum seem to trade like that.
  • #3,630
  • May 3, 2013 10:50am May 3, 2013 10:50am
Quoting jeff75
{quote} Maybe it is possible to keep the same strategy if we enter above or beyond tma 5 and if the distance bettween this tma 5 and TMA 15 is greater than ten pips. I noticed that some people in this forum seem to trade like that.
I really do not understand you gentlemans
Look like a girl, act like a lady, think like a man and work like a dog.
  • #3,631
  • May 3, 2013 10:54am May 3, 2013 10:54am
Quoting jeff75
{quote} Maybe it is possible to keep the same strategy if we enter above or beyond tma 5 and if the distance bettween this tma 5 and TMA 15 is greater than ten pips. I noticed that some people in this forum seem to trade like that.
Guys if you have a strong trendmaker like the NFP why do you care about the TMAs. You obviously take signals outside the TMA5 and even TMA15 as long as the trend is still good. NFP doesnt care about TMAs .
  • #3,632
  • May 3, 2013 11:12am May 3, 2013 11:12am
not sure, then its not really this strategy we would be trading. in my opinion, the best thing to do would be to stay aside unless you trade some other system

Quoting jeff75
{quote} Maybe it is possible to keep the same strategy if we enter above or beyond tma 5 and if the distance bettween this tma 5 and TMA 15 is greater than ten pips. I noticed that some people in this forum seem to trade like that.
Quote
{quote} Guys if you have a strong trendmaker like the NFP why do you care about the TMAs. You obviously take signals outside the TMA5 and even TMA15 as long as the trend is still good. NFP doesnt care about TMAs .
  • #3,633
  • May 3, 2013 11:13am May 3, 2013 11:13am
hi Simonik, I always like to study your trades. did you take any today?

Quoting Simonik
{quote} I really do not understand you gentlemans
  • #3,634
  • May 3, 2013 11:13am May 3, 2013 11:13am
Quoting tonny47
not sure, then its not really this strategy we would be trading. in my opinion, the best thing to do would be to stay aside unless you trade some other system {quote} {quote}
Go carefully through the thread. Fav did some exceptions to the TMA M15/M5 rules because of strong trends / supersteep angle of the TMA M1.
  • #3,635
  • May 3, 2013 11:17am May 3, 2013 11:17am
Quoting tonny47
hi Simonik, I always like to study your trades. did you take any today? {quote}
From 1may i stop scalping on live account...dangerous week for my taste...
Look like a girl, act like a lady, think like a man and work like a dog.
  • #3,636
  • May 3, 2013 12:12pm May 3, 2013 12:12pm
sure whatever works

Quoting Simonik
{quote} From 1may i stop scalping on live account...dangerous week for my taste...
  • #3,637
  • May 3, 2013 12:15pm May 3, 2013 12:15pm
hmmm, i am a bit of a chicken when it comes to fast moving markets. plus my platform execution isnt the best during those times

Quoting baccarat
{quote} Go carefully through the thread. Fav did some exceptions to the TMA M15/M5 rules because of strong trends / supersteep angle of the TMA M1.
  • #3,638
  • May 3, 2013 12:54pm May 3, 2013 12:54pm
Quoting baccarat
{quote} Go carefully through the thread. Fav did some exceptions to the TMA M15/M5 rules because of strong trends / supersteep angle of the TMA M1.
This is true. The system does allow for it based on your H1 analysis. If price has momentum over the H1 center line, you can see it moving to the H4 TMA. At this time, the M1 and M5 TMAs may appear really out of whack, but they make sense. All that being said, today is a non trading day for Babon anyway because the charts can get out of harmony quickly due to NFP. In my opinion, that H1 chart is the heart and soul of this system. In fact, you can trade most any M1 chart if you analyze that H1 chart correctly. This is something I tried to short cut at first, but have come to the epiphany that you MUST start with it. The M1 chart is only fine tuning your entry.

Fav, I know you are reading this thread still. It took me longer than the average bear, but I have gotten there. Thx.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #3,639
  • May 3, 2013 4:07pm May 3, 2013 4:07pm
Quoting tonny47
yes, find it quite difficult to find good trades and end up sometime taking second (sometimes even worse but i am working on that) class trades. not sure how and if other people traded today considering that price was most of the time outside 5min tma channel. {quote}
No good trades? You sure? Look at this chart after a strong move it created a flag and it bounced up the TMA5 prompting for a good entry. Even on a fast moving market if there's a good setup why not take it? Also, I find it that on a fast moving market like this even if you are wrong the reversal is going to be just as fierce so you can take the reversal trade and still make money. I have no fear when it comes to entering this kind of trades.

BTW Pattern below is a bull flag.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 129 KB
  • #3,640
  • May 3, 2013 4:20pm May 3, 2013 4:20pm
well, the trade you pointed at was for me a momentum dying out - basically triple top on 1 min chart. also, it does look nice when you scroll back now and look at tma5, it looked quite different live (although dont have a screenshot). i wouldnt take it since i didnt like rejection at 129.50

Quoting maflip
{quote} No good trades? You sure? Look at this chart after a strong move it created a flag and it bounced up the TMA5 prompting for a good entry. Even on a fast moving market if there's a good setup why not take it? Also, I find it that on a fast moving market like this even if you are wrong the reversal is going to be just as fierce so you can take the reversal trade and still make money. I have no fear when it comes to entering this kind of trades. BTW Pattern below is a bull flag. {image}
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