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Daytrading/scalping with high leverage - my proven strategy

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  • #3,641
  • May 3, 2013 4:27pm May 3, 2013 4:27pm
Quoting tonny47
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) since i didnt like rejection at 129.50 {quote}
Yeah but this is NFP It does not care about triple tops. Also, like I said earlier even if the long trade is wrong you can still make money on the reversal. Review NFP days or days when there is a strong momentum on one side and look at its reversal you can see the reversal is sometimes just as equal or stronger.

But it's up to you guys according to Favorite's rule there should be no trade on NFP anyway. Again it's up to you guys I don't want to be changing the rules. So stick to your rules don't trade on NFP .
  • #3,642
  • May 3, 2013 4:37pm May 3, 2013 4:37pm
sure it doesnt care about triple top, but i think its equally risky to think its going to continue. you said you would make money on reversal but again, when do you realise you are wrong and should reverse?
look what happened on eurusd just half an hour after the NFP, it reversed completely after dropping 100+ pips
  • #3,643
  • May 3, 2013 4:45pm May 3, 2013 4:45pm
Quoting tonny47
sure it doesnt care about triple top, but i think its equally risky to think its going to continue. you said you would make money on reversal but again, when do you realise you are wrong and should reverse? look what happened on eurusd just half an hour after the NFP, it reversed completely after dropping 100+ pips
Oh no I don't trade the first half hour or the first 5 minutes of release that's suicide lol. I wait at least an hour after the release and choose a trade. Reversal could be the break below the flag after testing the triple top. You can also use ATR reversal. Well, I don't want to completely explain how I trade NFP or strong momentum moves because I don't want to introduce a new system here It will just upset everybody.
  • #3,644
  • May 3, 2013 5:04pm May 3, 2013 5:04pm
Quoting tonny47
sure it doesnt care about triple top, but i think its equally risky to think its going to continue. you said you would make money on reversal but again, when do you realise you are wrong and should reverse? look what happened on eurusd just half an hour after the NFP, it reversed completely after dropping 100+ pips
Oh wait I did entered like 35 minutes after the release on this one LOL I take that back. I got confused because I looked at the hourly bar on this one then the 1 minute.
  • #3,645
  • May 4, 2013 12:59am May 4, 2013 12:59am
where you can watch DNA's MM?
Greed causes poverty
  • #3,646
  • May 4, 2013 1:18am May 4, 2013 1:18am
Quoting well72
where you can watch DNA's MM?
Dont understand the question?
  • #3,647
  • May 4, 2013 2:37am May 4, 2013 2:37am
Quoting baccarat
{quote} Dont understand the question?
Fav wrote about money management DNA. If I understand correctly, its MM - is the risk of a 15% deposit on the deal. Is that right?
Greed causes poverty
  • #3,648
  • May 4, 2013 3:35am May 4, 2013 3:35am
Quoting well72
{quote} Fav wrote about money management DNA. If I understand correctly, its MM - is the risk of a 15% deposit on the deal. Is that right?
If you have a 15pip stoploss it is 15% of your account yes, according to DNA's original MM.
  • #3,649
  • May 4, 2013 3:51am May 4, 2013 3:51am
Quoting baccarat
{quote} If you have a 15pip stoploss it is 15% of your account yes, according to DNA's original MM.
clear. they're using?

p.s. I am Russian, I write through a translator. so sorry for my english
Greed causes poverty
  • #3,650
  • May 4, 2013 4:36am May 4, 2013 4:36am
Quoting well72
{quote} clear. they're using? p.s. I am Russian, I write through a translator. so sorry for my english
U can find the link to favs MM in the babon summary post. MM is a very personal thing. I use a somewhat more conservative MM, but its still way too high for most of the people in this forum probably. Just depends on your W/L ratio and your psyche imo.
Dont worry about the language mate .
  • #3,651
  • May 4, 2013 5:25am May 4, 2013 5:25am
Quoting charvo
...the rules i applied are basically same as Favorite original rules except i expand the timeframe from M1 to H4 (accordingly, H1/H4 to Daily/Weekly). i must admit that i merely looked back this history with 'hindsight', although i believe i sticked to Favorite's rules for these entries. {image}
Charvo,

I'd like to double check something:
"...(accordingly, H1/H4 to Daily/Weekly)." - do I get it right thata) you did not change any settings in the babon (sloping line) indicator, and
b) you changed the settings in the TMA indicator as follows: settings in the 1H TMA changed to daily TMA, and 4H TMA changed to weekly?

Thanks.
  • #3,652
  • May 5, 2013 1:00pm May 5, 2013 1:00pm
Quoting pundit78
{quote} Can you pls post link to tpl and rules or is it same as page 1?
Pundit, it is the same but i have combined both Babons A & B in one template.
If you are interested i can post the template.
  • #3,653
  • May 6, 2013 1:49am May 6, 2013 1:49am
hi every body
thank you mikhail
Attached Image (click to enlarge)
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  • #3,654
  • May 6, 2013 2:00am May 6, 2013 2:00am
again
thank you mikhail
12+8=20
why at the first pullback don't enter because pa is not good
Attached Image (click to enlarge)
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  • #3,655
  • May 6, 2013 2:31am May 6, 2013 2:31am
took a losing countertrend trade -8 pips - at a time tma1 over tma5 . kept stop small since its holiday in japan and uk so dont expect too much action
Attached Image
  • #3,656
  • May 6, 2013 2:31am May 6, 2013 2:31am
excellent
Quoting dnaplanning
again thank you mikhail 12+8=20 why at the first pullback don't enter because pa is not good {image}
  • #3,657
  • Edited 3:17am May 6, 2013 2:37am | Edited 3:17am
eur/usd
Naked pattern trading with "TMA M1 beyond the Ichimoku cloud"
this pattern is the best
12+8+22=44

thank you mikhail
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-i-m1-fibo-group-ltd.png Size: 47 KB
  • #3,658
  • May 6, 2013 2:38am May 6, 2013 2:38am
Quoting tonny47
excellent {quote}
  • #3,659
  • May 6, 2013 3:00am May 6, 2013 3:00am
eurusd countertrend - didnt realise i had default stop of 8 pips so i got stopped out, reentered at the same place. although my tp was at 20 pips, my position was closed at +12
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  • #3,660
  • May 6, 2013 3:32am May 6, 2013 3:32am
I have understood if we pay attention to the price action, this strategy have not fail

thank you mikhail
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