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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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  • #3,741
  • May 8, 2013 2:33am May 8, 2013 2:33am
hate when i could have closed trade for 10 pips and then i get stopped out!


Quoting RougeTrader
Morning all I took this through the clouds trade earlier. Thought there would be a small pullback and then continue up. Unfortunately didn't work out as it reversed. Out for -4 {image}
  • #3,742
  • May 8, 2013 2:37am May 8, 2013 2:37am
hello, no i only got up 45 min ago
but i dont think i would personally entered there. i would probably get in once it pulled back to the cloud at around 5.58 or so

Quoting dumplin_eater
Hi Tonny, Did you enter the previous Buy trade as well which is at 5:45 on your chart??
  • #3,743
  • May 8, 2013 2:41am May 8, 2013 2:41am
hi all
before established LH-LL
14 pip

thank you mike
Attached Image
  • #3,744
  • May 8, 2013 3:15am May 8, 2013 3:15am
countertrend, kept my stop tight, out with 12 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 8 may eurjpy trade2.gif Size: 22 KB
  • #3,745
  • May 8, 2013 3:48am May 8, 2013 3:48am
another countertrend, this time for the loss of 6 pips eurusd. in hindsight, i could cut the loss even smaller and go long -tma1 crossing the cloud
Attached Image (click to enlarge)
Click to Enlarge Name: 8 may eurusd trade3.gif Size: 20 KB
  • #3,746
  • Edited 4:50am May 8, 2013 3:53am | Edited 4:50am
target tma m15
14+20=34 pip

thank you mike

David
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-i-m1-fibo-group-ltd-0508-02.png Size: 49 KB
  • #3,747
  • May 8, 2013 3:56am May 8, 2013 3:56am
nice one! did you enter at the open of the candle or close where the arrow is?

Quoting dnaplanning
target tma m15 thank you mike {image}
  • #3,748
  • May 8, 2013 4:30am May 8, 2013 4:30am
another countertrend trade on eurusd. took a while but out with 11 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 8 may eurusd trade4.gif Size: 18 KB
  • #3,749
  • May 8, 2013 4:38am May 8, 2013 4:38am
Hi Tony,
Very good trades!
When you enter in a countertrend do you look at the 1H big picture or do you only consider the 1m chart?
  • #3,750
  • May 8, 2013 4:41am May 8, 2013 4:41am
Quoting tonny47
nice one! did you enter at the open of the candle or close where the arrow is? {quote}
dear tonny
as you see the pull back is small and closed top of babon slope and has changed color after that I have entered.

good luck
  • #3,751
  • May 8, 2013 4:48am May 8, 2013 4:48am
Quoting tonny47
hey aduarte, can you please share your trades? ideally chart or just your trade details {quote}
Hello Tony,

I ll try to explain my yesterday´s trades. My MM is simple, 1% per pip, SL at the last highest or lowest swing. I am couponding after each trade, except if i loose a trade. After a looser I enter with the same lot as the trade i lost trying to recover fully my lost. That is why my first trade of yesterday made 115% with only 53pips. all the other trades where 1% per pip.

The first trade was not with this system, So i will not post it.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym12.png Size: 73 KB

In this chart I have two trades, I do not respect the 10 pips distance to TMA, my target are round numbers, pivots and SR (red horizontal line are SR), so if I have space to my target I go for it. The first trade was stopped at BE plus 1, the second trade was very late, but the PA was good with a lot of strenght and I had space for my target SR, so I took it.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 93 KB

Two trades in this chart. First, by the rules. I close it when it was loosing strenght. The second was opened too soon, i should have waited for PA confirmation (LH, LL), but I entered mostly because PA on 5 min was confirming (engulfing bar with a very small shadow). I exited that trade too soon because I had things to do and I do not like to leave unnatended trades, so I close it, but you can see that it reached the SR (red line). I also use 5 min TVI on 1 min chart to confirm my trades, it is a good filter.

Sorry for the english, I hope it helped. Each one is adapting to his skills.

Regards

Antonio
  • #3,752
  • May 8, 2013 4:51am May 8, 2013 4:51am
Good day tonny and dnaplanning

To you guys I want to say: and a great

You seem to have a good grip of the system already and you are contributing to this thread in the spirit of mike. Well done and thanks so much, it means a lot to the learners around here, following the thread with interest and a desire to understand this style and get it right. Please keep going!

Lots of green pips to all.

Fabian
  • #3,753
  • May 8, 2013 4:55am May 8, 2013 4:55am
hi Jeff, thanks.
the 1 h chart is important - you can see a nice resistance in the area where i entered short, yday high about 20 hours ago as well as few days back you can see many candles clustered in this area
Quoting jeff75
Hi Tony, Very good trades! When you enter in a countertrend do you look at the 1H big picture or do you only consider the 1m chart?
  • #3,754
  • May 8, 2013 4:59am May 8, 2013 4:59am
sorry what do you mean by pullback candle? 11.43 on your chart. still little confused as to where exactly you entered, do you mind telling me the price? cheers
Quoting dnaplanning
{quote} dear tonny as you see the pull back is small and closed top of babon slope and has changed color after that I have entered. good luck
  • #3,755
  • May 8, 2013 5:05am May 8, 2013 5:05am
took short trade as i thought its going to go lower bouncing off the 1h middle line. tma5 sloping up - need to control myself since this mistake cost me 12 pips.
i cut and reversed the trade, went long and exited with 27 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 8 may eurjpy trade56.gif Size: 17 KB
  • #3,756
  • May 8, 2013 5:19am May 8, 2013 5:19am
Just lost another 15 pips. This is so depressing. It seems like everyone else except for me gets the good entries...

And If I get a good entry, the market will probably still find some way to make me lose anyway.
  • #3,757
  • May 8, 2013 5:22am May 8, 2013 5:22am
thanks for aduarte. i know you mentione that you first trade was not with this system, but how could you make 115% with 53 pips when you risk 1% per pip?

thanks for explanation of how you trade, impressive results. please keep posting your chart buddy whenever time allows!

Quoting aduarte
{quote} Hello Tony, I ll try to explain my yesterday´s trades. My MM is simple, 1% per pip, SL at the last highest or lowest swing. I am couponding after each trade, except if i loose a trade. After a looser I enter with the same lot as the trade i lost trying to recover fully my lost. That is why my first trade of yesterday made 115% with only 53pips. all the other trades where 1% per pip. The first trade was not with this system, So i will not post it. {image} In this chart I have two trades, I do not respect the 10 pips distance to TMA,...
  • #3,758
  • May 8, 2013 5:24am May 8, 2013 5:24am
hi Fabian, i have a looot to learn, dnaplanning seems to be killing it day in day out!
Quoting fgsfx
Good day tonny and dnaplanning To you guys I want to say: and a great You seem to have a good grip of the system already and you are contributing to this thread in the spirit of mike. Well done and thanks so much, it means a lot to the learners around here, following the thread with interest and a desire to understand this style and get it right. Please keep going! Lots of green pips to all. Fabian
  • #3,759
  • May 8, 2013 5:28am May 8, 2013 5:28am
Quoting tonny47
thanks for aduarte. i know you mentione that you first trade was not with this system, but how could you make 115% with 53 pips when you risk 1% per pip? thanks for explanation of how you trade, impressive results. please keep posting your chart buddy whenever time allows! {quote}

As I explained in my post, when I loose a trade, the next trade is opened with the same lot as the loosing one. It results in na opened trade with the same lot and capital, so the risk increase aswell. so in this particular case 1 pip was over 2%. 115% is calculated on the capital at that time. hope I was clear.
  • #3,760
  • May 8, 2013 5:32am May 8, 2013 5:32am
ok, i understand now, cheers!

Quoting aduarte
{quote} As I explained in my post, when I loose a trade, the next trade is opened with the same lot as the loosing one. It results in na opened trade with the same lot and capital, so the risk increase aswell. so in this particular case 1 pip was over 2%. 115% is calculated on the capital at that time. hope I was clear.
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