Daytrading/scalping with high leverage - my proven strategy | Page 196 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daytrading/Scalping in Crypto markets 357 replies

Dashboard EA based on Daytrading/scalping with high leverage 103 replies

A Proven Simple Strategy (2MAs, 1 RSI) 436 replies

Looking for proven scalping strategy to program 1 reply

Share Something Proven - Scalping Method Please 10 replies

Attachments: Daytrading/scalping with high leverage - my proven strategy
Exit Attachments

Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
  • Trader:
  • Broker:
  • Type:
This Trade Explorer is no longer publicly available.
  • #3,901
  • May 10, 2013 2:10am May 10, 2013 2:10am
Hi,

My imagination or is it untradable today? MTA5 horizontal, and TMA1 almost.Clud very thin. 3 negative trades :-(

Your opinion?

happy pips

gonso
  • #3,902
  • May 10, 2013 2:18am May 10, 2013 2:18am
good that i didnt get up earlier then
took 13 pip loss on eurjpy - not sure how smart it was since tma5 was sloping up...i cut and reversed the position, but i am not sure if i had a good enough reason to do that
Quoting gonso
Hi, My imagination or is it untradable today? MTA5 horizontal, and TMA1 almost.Clud very thin. 3 negative trades :-( Your opinion? happy pips gonso
Attached Image (click to enlarge)
Click to Enlarge Name: 10 may eurjpy trade1.gif Size: 17 KB
  • #3,903
  • May 10, 2013 2:21am May 10, 2013 2:21am
dnaplanning style (i think )
eurusd short got my 13 pips back
Attached Image (click to enlarge)
Click to Enlarge Name: 10 may eurjusd trade2.gif Size: 18 KB
  • #3,904
  • May 10, 2013 2:36am May 10, 2013 2:36am
the reversed trade i mentioned on eurjpy - out with about 10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 10 may eurjpy trade3.gif Size: 19 KB
  • #3,905
  • May 10, 2013 2:50am May 10, 2013 2:50am
i was thinking `not this time, euro, you are not going to stop me out at breakeven again`. just a minute after i exited this trade with 5 pips, my profit target of 9 pips would have been hit
Attached Image (click to enlarge)
Click to Enlarge Name: 10 may eurusd trade4.gif Size: 17 KB
  • #3,906
  • May 10, 2013 3:01am May 10, 2013 3:01am
i am sure many of you got this long one. i was on the phone so missed it
Attached Image (click to enlarge)
Click to Enlarge Name: 10 may eurjpy missed.gif Size: 18 KB
  • #3,907
  • May 10, 2013 3:07am May 10, 2013 3:07am
I took this one for a loss. At the time I was conflicted about the trade as the stochastic had nowhere been over bought but the 1 min Babon was breaking through the cloud downwards and the Babon indi cut down aggressively so I thought I was going to play a beyond the cloud trade. Anyways it went against me aggressively for -15. You live and you learn.
Attached Image (click to enlarge)
Click to Enlarge Name: loss.png Size: 71 KB
Island hopping throughout the Caribbean
  • #3,908
  • May 10, 2013 3:09am May 10, 2013 3:09am
one more countertrend for quick 10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 10 may eurjpy trade 5.gif Size: 18 KB
  • #3,909
  • May 10, 2013 3:10am May 10, 2013 3:10am
Quoting tonny47
i am sure many of you got this long one. i was on the phone so missed it {image}
Yeah i got this one as welll.....first positive trade of the day for +25. So far 25-15 =+10
Island hopping throughout the Caribbean
  • #3,910
  • May 10, 2013 3:12am May 10, 2013 3:12am


such a shame i wasnt looking at charts at the time!

Quoting dumplin_eater
{quote} Yeah i got this one as welll.....first positive trade of the day for +25. So far 25-15 =+10
  • #3,911
  • May 10, 2013 3:14am May 10, 2013 3:14am
Quoting ber_tdf
{quote} Hi RT, I hope to have something for tomorrow... by the moment I leave a screenshot of my second monitor, the indicators and my template so you can go "watching" how the price interacts with the EMA's. When you look at it, pay attention to how it behaves when the price touches one of them, if it is below where it is going next ? and if it is above ? and after it rebounds ? and when it is near a TPO ? etc. Regards, Bernardo. {file} {image}
Morning Bernardo

Really nice chart. As I don't have a 2nd monitor i'm going to concentrate just on EURJPY.

So when the 20MA is above the other 2 we look to buy and vice versa for sells?? This should be very useful for choosing trading direction with Favorite's system.

I still don't really get the TPO and how the areas are calculated.

Look forward to hearing from you later

thanks

RT
  • #3,912
  • May 10, 2013 3:48am May 10, 2013 3:48am
I took this countertrend trade in the cloud, just like yesterday for +20. Had a small drawdown of 6 but just rolled with the punches. So far -15+25 +20 = +30 pips
Attached Image (click to enlarge)
Click to Enlarge Name: comeback.png Size: 65 KB
Island hopping throughout the Caribbean
  • #3,913
  • May 10, 2013 4:11am May 10, 2013 4:11am
Guys tony and others , we can make use of daily / weekly pivot levels on our charts for profit targets and stoplossses when the price is near them .
We can trade the counter trend pattern with much higher probability now. I have checked the previous 10 days PA on 1min chart and observed how price is acting near pivots.
Those pivots acts as barriers to price . They are used by intraday floor traders in the exchange. so, many retail traders aso use them.
we have
(1.) Daily pivot
R1(resistance)
R2
R3
S1 (support)
S2
S3
Weekly pivot level and weeekly mid level pivots.
Attached a pdf that explains about pivots.
Default settings on 1st indicator.
2nd one Midpivots = true, weekly= true, Rest all false.
If anyone is interested i will tell you the details and filter about the babon CT pattern .
Attached File(s)
File Type: pdf Pivot Levels.pdf   364 KB | 1,013 downloads
File Type: ex4 FXI Pivots.ex4   25 KB | 360 downloads
File Type: ex4 PivotCustom_4TimeFrames_ThinLines.ex4   50 KB | 370 downloads
  • #3,914
  • May 10, 2013 4:25am May 10, 2013 4:25am
hello Winner,

i used to have them on the chart for a long time but stopped using them like 2 months ago. just thought i would keep it really simple. plotted them on the chart again and see how it goes. i dont think that i know how to use them correctly though.


and yes please, would love to hear how you filter CT trades!
Quoting Winner1245
Guys tony and others , we can make use of daily / weekly pivot levels on our charts for profit targets and stoplossses when the price is near them . We can trade the counter trend pattern with much higher probability now. I have checked the previous 10 days PA on 1min chart and observed how price is acting near pivots. Those pivots acts as barriers to price . They are used by intraday floor traders in the exchange. so, many retail traders aso use them. we have (1.) Daily pivot R1(resistance) R2 R3 S1 (support) S2 S3 Weekly pivot level and weeekly...
  • #3,915
  • May 10, 2013 4:38am May 10, 2013 4:38am
Quoting Winner1245
Guys tony and others , we can make use of daily / weekly pivot levels on our charts for profit targets and stoplossses when the price is near them . We can trade the counter trend pattern with much higher probability now. I have checked the previous 10 days PA on 1min chart and observed how price is acting near pivots. Those pivots acts as barriers to price . They are used by intraday floor traders in the exchange. so, many retail traders aso use them. we have (1.) Daily pivot R1(resistance) R2 R3 S1 (support) S2 S3 Weekly pivot level and weeekly...
Hi Winner,

I use pivots etc.

If TMA1 over TMA5 happens and hits a resistance or support level the CT trades seem to have a higher probability of success. A good example of this happened a short time go on EURJPY but i missed it.

Please let us know any further details you have

cheers
  • #3,916
  • May 10, 2013 4:48am May 10, 2013 4:48am
Quoting tonny47
hello Winner, i used to have them on the chart for a long time but stopped using them like 2 months ago. just thought i would keep it really simple. plotted them on the chart again and see how it goes. i dont think that i know how to use them correctly though. and yes please, would love to hear how you filter CT trades! {quote}
Its very simpe . Take Ct trades only when price hits/ breaks one of those levels. Any level its doesnt matter. It can be R1,r2 or s1 ,s2 or mid level pivots etc.
And the normal rules apply. when TMA M1 breaks and goes inside the TMA M5
, price should either break or touch any one of the levels , and then when the TMA M1 turns horizontal , check whether babon changed color and enter with a predetermined target of 10 pips . Stop loss can be outside the level or around 10-13 pips for EJ. It will hit your target most of the time.
Yesterday until 2 hours after ny open EJ was ranging around 60pips . there were lot of Ct trades.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.gif Size: 238 KB
Click to Enlarge Name: ej2.gif Size: 228 KB
Click to Enlarge Name: ej3.gif Size: 237 KB
Click to Enlarge Name: ej4.gif Size: 236 KB
Click to Enlarge Name: ej5.gif Size: 233 KB
  • #3,917
  • May 10, 2013 4:49am May 10, 2013 4:49am
Quoting RougeTrader
{quote} Hi Winner, I use pivots etc. If TMA1 over TMA5 happens and hits a resistance or support level the CT trades seem to have a higher probability of success. A good example of this happened a short time go on EURJPY but i missed it. Please let us know any further details you have cheers
Exactly same idea .
  • #3,918
  • May 10, 2013 4:53am May 10, 2013 4:53am
Took these last 2 trades for short wins, countertrend was struggling so closed for +7 and then price action for a short +9 all in all +16. total of +46
Attached Image (click to enlarge)
Click to Enlarge Name: 2 in 1.png Size: 67 KB
Island hopping throughout the Caribbean
  • #3,919
  • May 10, 2013 4:55am May 10, 2013 4:55am
Another thing is while taking normal TMA M1 over cloud trades, we will face problems with when to take profit or exit. TMA's most of the time provide good visual for us to exit but when there is a R1 ,S1or some Weekly level nearby then price would probably touch it. Its safe and profitable to trail our trade in those situations.
Here is the recent chart of ej . good 30pips in short amount of time . 20 on a normal pattern and 10 on ct.
Attached Image (click to enlarge)
Click to Enlarge Name: ej6.gif Size: 234 KB
  • #3,920
  • May 10, 2013 4:57am May 10, 2013 4:57am
ok, now this start being embarrasing... long eurusd with 6 pips loss, tma5 sloping down...
Attached Image (click to enlarge)
Click to Enlarge Name: 10 may eurusd trade 6.gif Size: 17 KB
3 traders viewing now