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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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  • #3,761
  • May 8, 2013 5:34am May 8, 2013 5:34am
Quoting Winner1245
{quote} The time you trade matters because there is usually less volume during asian session and more volume during london and NY. But you can trade the high volatile pair like EJpy or GJPy suring asian sessions also. If its not an yen pair why would you trade it during asian session and then bitch about why the system is not working for you?? you are the one who is ridiculous. If you entered the TMA M1 beyond cloud pattern , there is no rule that states that you shouldnt enter if the TMA M5 or M15 is near your entry. The classic babon entry rules...
Yes there is...

Pattern "TMA M1 beyond TMA M5/M15"
  • #3,762
  • May 8, 2013 5:37am May 8, 2013 5:37am
Quoting tonny47
ok, i understand now, cheers! {quote}
Anyway, what I am experimenting at the moment is MM. this account has grown totally 253% since 22nd of April. I use more than one system.

Regards.
  • #3,763
  • May 8, 2013 5:45am May 8, 2013 5:45am
i wouldnt probably worry too much with MM, as long as you are able to consistently make certain number of pips everyday, you will be allright
Quoting aduarte
{quote} Anyway, what I am experimenting at the moment is MM. this account has grown totally 253% since 22nd of April. I use more than one system. Regards.
  • #3,764
  • May 8, 2013 5:48am May 8, 2013 5:48am
yes, market hates you Tok, its all its fault
how about posting your trade buddy? but seriously i know how you feel though, we are all here to learn.

Quoting Tok
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.
  • #3,765
  • May 8, 2013 5:51am May 8, 2013 5:51am
aaaah, damn you eurjpy, took this countertrend trade, got stopped out by like a pip at breakeven
Attached Image
  • #3,766
  • May 8, 2013 5:51am May 8, 2013 5:51am
Quoting tonny47
yes, market hates you Tok, its all its fault how about posting your trade buddy? but seriously i know how you feel though, we are all here to learn. {quote}

I just lost another 15 pips because I got stopped out.

I work so hard, yet always fail. People say work hard and you'll be rewarded, but its the opposite for me.

And I cant enter when its going from lower M5 to upper M5, because the it will be below the cloud. See, the rules are FLAWED.

If I want to enter, I have to do it when its already near the upper M5.
  • #3,767
  • May 8, 2013 6:23am May 8, 2013 6:23am
i have no idea what trade you entered to lose 15 pips. so far it seems like you only want to complain here about how unfair life is and how flawed the system is. not going to ask you any more to post your trades since i see you are only looking for compassion and not improvement. good luck
Quoting Tok
{quote} I just lost another 15 pips because I got stopped out. I work so hard, yet always fail. People say work hard and you'll be rewarded, but its the opposite for me. And I cant enter when its going from lower M5 to upper M5, because the it will be below the cloud. See, the rules are FLAWED. If I want to enter, I have to do it when its already near the upper M5.
  • #3,768
  • May 8, 2013 6:34am May 8, 2013 6:34am
Quoting Tok
{quote} I just lost another 15 pips because I got stopped out. I work so hard, yet always fail. People say work hard and you'll be rewarded, but its the opposite for me. And I cant enter when its going from lower M5 to upper M5, because the it will be below the cloud. See, the rules are FLAWED. If I want to enter, I have to do it when its already near the upper M5.
Where did you enter?

I just saw two entries recently, both longs.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 74 KB


Entries at the vertical lines. Correct me if I am wrong
  • #3,769
  • May 8, 2013 6:48am May 8, 2013 6:48am
Quoting Tok
{quote} Yes there is... Pattern "TMA M1 beyond TMA M5/M15"
Post your entries and how you understand this system . There are three types of entries.
CLassic entries
TMA m1 beyond cloud
TMa M1 beyond TMA M5 and M15
Post the three entries in form of charts
The rules are not flawed , your understanding of the system is......
Lots of guys have asked you to post the chart of your entries , but you are not posting just crying that this system doesnt work . It never worked for me either when i didnt follow the rules. But i read them again and again and carefully observered the examples .Finally got it .
Good luck
  • #3,770
  • May 8, 2013 6:59am May 8, 2013 6:59am
I´m a newbie like Tok and have the same troubles. The Cloud repaints, so when the time pass we can see a lot of entries like the vertical lines of Aduarte´s chart. But when i trade live the entries are not so clear, seems that the price is always too much near the TMA5 to entry, without space to go down or up.
In any case, I will still working on this system, seems very good (not for me at the moment).
Thank you Favorite, he´s the man, and all the persons here that help to apply Babon, specially Tonny47, Big thanks.

P.D. I won´t post my charts till I have some success, i don´t want to bother you with my newbie´s problems
  • #3,771
  • May 8, 2013 7:01am May 8, 2013 7:01am
Quoting Winner1245
{quote} Post your entries and how you understand this system . There are three types of entries. CLassic entries TMA m1 beyond cloud TMa M1 beyond TMA M5 and M15 Post the three entries in form of charts The rules are not flawed , your understanding of the system is...... Lots of guys have asked you to post the chart of your entries , but you are not posting just crying that this system doesnt work . It never worked for me either when i didnt follow the rules. But i read them again and again and carefully observered the examples .Finally got it ....
Do all the rules stated in classic babon have to be in effect to enter a trade? Or just one of them?

FOr instance, all of A, B, C, D, ect?
  • #3,772
  • May 8, 2013 7:03am May 8, 2013 7:03am
took nice short on eurusd - great pinbar on 1 hour, LH, LL on 1 min. could take 8 pips but wanted more and ended up being stopped out at BE
think i am done for today - eurjpy +41 pips, eurusd +5
Attached Image (click to enlarge)
Click to Enlarge Name: 8 may eurusd trade8.gif Size: 20 KB
  • #3,773
  • May 8, 2013 7:04am May 8, 2013 7:04am
Tok and Iggo, have either of you read through the price action pdfs? Not just read through, but studied and learned? This is square one. You are both new to forex, as you have said. Go thorugh babypips.com school as well. If trading FX were as easy as reading a system manual then doing it, we would all be rich! You have to start preparing the soil before you can plant anything to produce a harvest. Another way to say it is you have to go through boot camp before you are even considered part of the military. Do your prep work!
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #3,774
  • May 8, 2013 7:08am May 8, 2013 7:08am
Quoting capstone
Tok and Iggo, have either of you read through the price action pdfs? Not just read through, but studied and learned? This is square one. You are both new to forex, as you have said. Go thorugh babypips.com school as well. If trading FX were as easy as reading a system manual then doing it, we would all be rich! You have to start preparing the soil before you can plant anything to produce a harvest. Another way to say it is you have to go through boot camp before you are even considered part of the military. Do your prep work!
I have gone through babypips school and read over the pdf.

I should reread the pdf again, as I Didn't really study it, as I should have.
  • #3,775
  • May 8, 2013 7:12am May 8, 2013 7:12am
Quoting capstone
Tok and Iggo, have either of you read through the price action pdfs? Not just read through, but studied and learned? This is square one. You are both new to forex, as you have said. Go thorugh babypips.com school as well. If trading FX were as easy as reading a system manual then doing it, we would all be rich! You have to start preparing the soil before you can plant anything to produce a harvest. Another way to say it is you have to go through boot camp before you are even considered part of the military. Do your prep work!
Thank you .That saved lot of trouble
  • #3,776
  • May 8, 2013 7:17am May 8, 2013 7:17am
Quoting Tok
{quote} Do all the rules stated in classic babon have to be in effect to enter a trade? Or just one of them? FOr instance, all of A, B, C, D, ect?
DId ou read this following post??
http://www.forexfactory.com/showthre...29#post6609629
It is very detailed . It explains the perfect entry rules for all the three patterns . Did you read it?? or did you just gave it a glance ??
NOw before posting anything read that post 3-4 times. And there are lots of exampes . Check them .

AND Yes the rules apply. Eveyone of them .
  • #3,777
  • May 8, 2013 7:35am May 8, 2013 7:35am
Took 10pips of the EJ 1m tma beyond the cloud before that crazy slingshot through 130.000 happened huhuh. What was that about..
  • #3,778
  • May 8, 2013 7:49am May 8, 2013 7:49am
Quoting Winner1245
{quote} DId ou read this following post?? http://www.forexfactory.com/showthre...29#post6609629 It is very detailed . It explains the perfect entry rules for all the three patterns . Did you read it?? or did you just gave it a glance ?? NOw before posting anything read that post 3-4 times. And there are lots of exampes . Check them . AND Yes the rules apply. Eveyone of them .
Yes. I have read over this many times.

This system seems to lag behind the market so badly that finding an entry is next to impossible.
  • #3,779
  • May 8, 2013 8:06am May 8, 2013 8:06am
Indicators that repaint usually dont lag. Anyway, with your attitude youll never gonna make it .
+25 pips today, off for dinner, quite happy as i had a -15 loser today as well, stupid trade.
Cheers
  • #3,780
  • May 8, 2013 8:08am May 8, 2013 8:08am
Quoting Tok
{quote} Yes. I have read over this many times. This system seems to lag behind the market so badly that finding an entry is next to impossible.
Our minds do not process things the same way. This is why there are so many systems out there. I came back to M1 trading because it best fits my trading personality. I have spent significant time watching the M5, M15, and H1 charts however. All systems in all timeframes are going to be based on price action. Afterall, you are trading price, not a system. That is the root. Until you have studied price action, you are doomed to struggle on any system. Your field is full of weeds and you are wondering why you have no harvest. I see that you have done babypips. Great. Do it again. Read the and STUDY the 2 chapters of the price action trading that Fav posted.

A trader who does not undertand basic price action can fail with the most successful system and a trader who truly undertands price action can make any system look good.

Good luck to you. It is possible, but not without work, sacrifice, and determination.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
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