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Daytrading/scalping with high leverage - my proven strategy

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  • #3,941
  • May 10, 2013 7:43am May 10, 2013 7:43am
Quoting tonny47
ok i think i need to start bombarding this thread less with my posts because i end up missing on this action although i said i am done for the day, its just breaking my heart to see such a nice trade {image}
Ok Tonny continues like this, I always read your posts.
Compliments.
Hello next week.
  • #3,942
  • May 10, 2013 7:51am May 10, 2013 7:51am
Quoting tonny47
ok took couple more pips but now i am really done for the day with 46 pips! Lets see how it goes next week Favorite - i am sure you are missing the thread (probably not haha)!
Maybe Favorite is not missing this thread (including Trolls), but I sure miss him!

Green pips to you Tonny
  • #3,943
  • May 10, 2013 12:03pm May 10, 2013 12:03pm
Hey guys, so I happened to stumble across this thread and thought id take a look at what people in here are raving about. Now I took a quick glance looked at the pdf and its like alien language to me, well not entirely but most of it. So what I wanted to ask is how are you guys taking into consideration the 100 rules laid out in there on when to enter a trade? Im hoping someone can answer me in a straight answer in just a few short words. Also from the feedback it seems like the system is working for most people, I wanna know how long have you guys been using it, how profitable is it, etc etc. Any help would be appreciated, thanks.
  • #3,944
  • May 10, 2013 1:49pm May 10, 2013 1:49pm
Quoting RougeTrader
{quote} 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
Hi RT & Guys, I leave here a short description of how I interpret the market into the 15M TF with some EMA's. You will not find anything new that has not read/seen before, it's just the way I found to look at the market after several years. I ignored some aspects of my making desicion related to the volume (in fact I removed the indicator for the template I posted yesterday) because it is quite technical and I prefer to leave it simple, although I recommend to anyone trying to improve their understanding of the market; here in FF are great teachers like Hiddengap, Simpledev, Kinsaleforex and Pres78 of which I recommend reading his posts.

I hope it will be useful to you.

If anyone has any questions can send me a PM for not putting messages here no related to the DNA thread.

Now I have to test some improvements in my orders EA so kosmo and clivepackham can testing this year .

Good weekend for everyone.

Regards, Bernardo.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: lateral.png Size: 46 KB
Click to Enlarge Name: downtrend.png Size: 189 KB
Click to Enlarge Name: uptrend.png Size: 156 KB
Attached File(s)
File Type: pdf Tips.pdf   202 KB | 851 downloads
  • #3,945
  • May 10, 2013 4:20pm May 10, 2013 4:20pm
Quoting forexneewb
Hey guys, so I happened to stumble across this thread and thought id take a look at what people in here are raving about. Now I took a quick glance looked at the pdf and its like alien language to me, well not entirely but most of it. So what I wanted to ask is how are you guys taking into consideration the 100 rules laid out in there on when to enter a trade? Im hoping someone can answer me in a straight answer in just a few short words. Also from the feedback it seems like the system is working for most people, I wanna know how long have you guys...
If the pdf is all alien to you, then you should probably do some reading about the very basics of trading. After learning a little about trading, start reading this thread from the beginning. If you're looking for "a few short words" about when to enter a trade, STOP LOOKING. You're not going to be a successful trader by spending 5 minutes reading a thread & expect to go start making money. If it were that easy, we'd all be millionaires :-)
  • #3,946
  • May 11, 2013 12:32am May 11, 2013 12:32am
{quote} [TIPS PDF] The previous bar is your confirmation
Another brainer ... does not matter which TF you use for trading, the previous candle is your
confirmation. Example, if you are looking for short and the previous candle closed UP makes sense
to go short ? even if you see a good entry pattern into 1M chart ? we seek confirmation on the
previous candle because we want to "see" that other traders are on the same side that we want to
enter.

Hi Bernardo, thanks for your pdf tips, just one thing i want to make sure i understand you correctly, and if possable could you post a chart with the preesise point of entry.
If you looking for short and the previous candle close up it is not n signal for short,so you do not enter on a pullback, is that right ?
and does amount of pips away in your direction from turnaround matter ?
Again thank for you insight and sharing of knowhow .
  • #3,947
  • May 11, 2013 12:53am May 11, 2013 12:53am
Hi guys. Excuse me very sorry for my English, I write through Google. I have a question with Vitalisimus, if you are reading this message, please answer. You wrote about Skype, and about the group, you can learn something from this happen? Unfortunately I can not send you a private message because I do not have posts, I hope you will answer. Thank you.
  • #3,948
  • May 11, 2013 1:03am May 11, 2013 1:03am
glad to hear that! i will try
Quoting Matrix8756
{quote} Ok Tonny continues like this, I always read your posts. Compliments. Hello next week.
  • #3,949
  • May 11, 2013 1:15am May 11, 2013 1:15am
hello Bernardo!

i enjoyed reading your post very much, thank you!
Quoting ber_tdf
{quote} Hi RT & Guys, I leave here a short description of how I interpret the market into the 15M TF with some EMA's. You will not find anything new that has not read/seen before, it's just the way I found to look at the market after several years. I ignored some aspects of my making desicion related to the volume (in fact I removed the indicator for the template I posted yesterday) because it is quite technical and I prefer to leave it simple, although I recommend to anyone trying to improve their understanding of the market; here in FF are great...
  • #3,950
  • May 11, 2013 1:35am May 11, 2013 1:35am
hello, not exactly 100 rules, just a well defined method with plenty of examples
Quoting forexneewb
Hey guys, so I happened to stumble across this thread and thought id take a look at what people in here are raving about. Now I took a quick glance looked at the pdf and its like alien language to me, well not entirely but most of it. So what I wanted to ask is how are you guys taking into consideration the 100 rules laid out in there on when to enter a trade? Im hoping someone can answer me in a straight answer in just a few short words. Also from the feedback it seems like the system is working for most people, I wanna know how long have you guys...
  • #3,951
  • Edited 6:12pm May 11, 2013 2:04pm | Edited 6:12pm
Hi FibFork, thanks for asking.

Quoting FibFork
so you do not enter on a pullback, is that right ?
My idea is to let simple ideas... but the answer is YES, if conditions are safe for me and match my analysis price I will enter a pullback definitely.

Quoting FibFork
If you looking for short and the previous candle close up it is not n signal for short,so you do not enter on a pullback, is that right ?
Note that I mention that you need a confirmation candle to the side of the market that you want to go, so, first is YOUR analysis to determine go long or shot and then seeks confirmation candle in the TF where you operate or if necessary in other TF. Personally I look mostly at 15M.

I began to look for the conditions that you mentioned, some short pullback where a 15M down candle was not preceded by another down candle and I really struggled to find one in 15M where, after that condition, there is no re test... if you show me an example maybe we can discuss it, but as it you expressed my answer would be no.

Quoting FibFork
... and if possable could you post a chart with the preesise point of entry.
Here I leave an image of a recent operation. What I seek is initially there will be a 15M candle pips above the previous closing (if necessary explain wy such conditions occur) and see that it NOT exceeds the body/maximum of the previous candle, if that happens I rethinking the entry. If the conditions in 1M are ok and not observed new maximums, the confluence of the EMA, TMA pointing south and HullMa rotating in favor of my entry, I enter into the market (the reverse argument for a long entry). In this specific case in A I opened an order with targeting 130.00 (which I knew could be the first stop) and then another order at B closed with about 10 pips.

Regards, Bernardo.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.png Size: 75 KB
  • #3,952
  • May 11, 2013 4:44pm May 11, 2013 4:44pm
Hi Bernardo

Thanks for sharing your knowledge.
On the top right hand side of your screen you have an indicator showing percentages. (M1, M15,H4)
Is this freely available and how do you use it?

cheers
Bill
Have a nice day
  • #3,953
  • May 11, 2013 6:10pm May 11, 2013 6:10pm
Quoting billv
Hi Bernardo Thanks for sharing your knowledge. On the top right hand side of your screen you have an indicator showing percentages. (M1, M15,H4) Is this freely available and how do you use it? cheers Bill
Hi Bill, here it is... personally I want to know at what point are certain candles and when you start to look at the chart of 1M usually lost the notion of the rest. Has happened to me more than once observed a certain pattern of continuation of a trend or a break in the trend which is nothing more than a pullback of 4H candle closes, so, I pay close attention to the beginning of the sessions, close/open 4H candle and open/close of the day.

Regards, Bernardo.
Attached File(s)
File Type: mq4 BarPercentage.mq4   3 KB | 358 downloads
  • #3,954
  • May 11, 2013 7:33pm May 11, 2013 7:33pm
Quoting ber_tdf
{quote} Hi Bill, here it is... personally I want to know at what point are certain candles and when you start to look at the chart of 1M usually lost the notion of the rest. Has happened to me more than once observed a certain pattern of continuation of a trend or a break in the trend which is nothing more than a pullback of 4H candle closes, so, I pay close attention to the beginning of the sessions, close/open 4H candle and open/close of the day. Regards, Bernardo. {file}
thanks
Have a nice day
  • #3,955
  • May 12, 2013 1:05am May 12, 2013 1:05am
Quoting ber_tdf
{quote} Hi Bill, here it is... personally I want to know at what point are certain candles and when you start to look at the chart of 1M usually lost the notion of the rest. Has happened to me more than once observed a certain pattern of continuation of a trend or a break in the trend which is nothing more than a pullback of 4H candle closes, so, I pay close attention to the beginning of the sessions, close/open 4H candle and open/close of the day. Regards, Bernardo. {file}
Hola Bernardo:

¿las medias móviles que utilizas en 1m son las mismas que en 15 m?
¿podrías adjuntar también el template que utilizas en 1 minutos?

Gracias y saludos

Did you use moving averages in 1m are the same as in 15 m?
Could you also attach the template you use in one minute?
  • #3,956
  • May 12, 2013 3:23am May 12, 2013 3:23am
The details seems a little messed up with too much info at the first post. The first post indexes too many posts. But where to start actually?

Also, the thread starter's trade statistics shows he's in pretty loss if I'm not wrong?? -98.7 % return? Just 1.3 % to blew your account?
  • #3,957
  • May 12, 2013 3:35am May 12, 2013 3:35am
Quoting Bhoopalan
The details seems a little messed up with too much info at the first post. The first post indexes too many posts. But where to start actually? Also, the thread starter's trade statistics shows he's in pretty loss if I'm not wrong?? -98.7 % return? Just 1.3 % to blew your account?
its dnabrasil's demo account and Brazilians don't trade well, their expertice is in football
Have a nice day
  • #3,958
  • May 12, 2013 3:38am May 12, 2013 3:38am
Quoting billv
{quote} its dnabrasil's demo account and as everyone knows Brasilians don't trade well, their expertice is in football
LOL!!

Jokes apart. The thread is pretty huge. If the loss is only in the demo account, has he shown how his strategy worked in real account?

Certainly he doesn't have the need to prove himself to us. But I'm just curious.
  • #3,959
  • May 12, 2013 3:50am May 12, 2013 3:50am
Quoting Bhoopalan
{quote} LOL!! Jokes apart. The thread is pretty huge. If the loss is only in the demo account, has he shown how his strategy worked in real account? Certainly he doesn't have the need to prove himself to us. But I'm just curious.
The strategy works but the thread changed from the original and people have also added their own variations to it.
I don't know if the original templates are still in use.
Click on the paperclip on the top right hand side of the page and scroll through the attachments.
In there you'll find a pdf on favorite's system which I believe is the final product
Have a nice day
  • #3,960
  • May 12, 2013 7:09am May 12, 2013 7:09am
Read the thread.. especially Favorite's and DNA's posts.. You will know..
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