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Daytrading/scalping with high leverage - my proven strategy

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  • #4,321
  • May 29, 2013 8:13am May 29, 2013 8:13am
Quoting capstone
2.5% on a 10 pip short on EU from red line to red line. More possible I believe. Got out because of M15 TMA centerline confluence with bottom of M5 TMA. {image}
  • #4,322
  • May 29, 2013 8:20am May 29, 2013 8:20am
Quoting tonny47
greedy beyond belief - didnt take my 18 pips at the tma5 but let it return to BE. {quote}
Hi tonny.

Which Sl, TP and BE strategy you are using?
  • #4,323
  • May 29, 2013 8:20am May 29, 2013 8:20am
Approx 10% on a long on USDJPY :
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My name is Martin... Martin Gale
  • #4,324
  • May 29, 2013 8:22am May 29, 2013 8:22am
Tonny, you are correct about the thread suffering because of the loss of Favorite, who championed this, as well as the loss of integrity of the thread. I mean that so many variations have been introduced. This is a common theme of Forex Factory. It was Favorite's diligence at keeping trolls and naysayers out that allowed this to survive like it did. Unfortunately, all of the other methods, have changed it and watered it down. Realjumper has done an awesome job of this on the Genesis thread. If it is not Gensis, he asks one time for you to take it down. After that, insta-ban. Seems harsh, but the results speak for themselves. In an profession that requires such discipline as this one, it is surprising how these threads lack discipline. Anyway, good trades to everyone.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #4,325
  • May 29, 2013 8:30am May 29, 2013 8:30am
Quoting msj_rs
{quote} Hi tonny. Which Sl, TP and BE strategy you are using?
i normally BE when i am up about 8 pips on eujpy. TP normally about 12 pips, although i have been trying to squeeze more. not always successfully
i have stop never larger than 13 pips. sometimes even less than that - often paying attention to recent swings. even lower on eurusd.
  • #4,326
  • May 29, 2013 8:31am May 29, 2013 8:31am
Quoting condor666
Approx 10% on a long on USDJPY :{image}
nice!
  • #4,327
  • May 29, 2013 8:41am May 29, 2013 8:41am
eurusd not so good trade for loss of 8 pips
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  • #4,328
  • May 29, 2013 8:58am May 29, 2013 8:58am
Quoting capstone
Tonny, you are correct about the thread suffering because of the loss of Favorite, who championed this, as well as the loss of integrity of the thread. I mean that so many variations have been introduced. This is a common theme of Forex Factory. It was Favorite's diligence at keeping trolls and naysayers out that allowed this to survive like it did. Unfortunately, all of the other methods, have changed it and watered it down. Realjumper has done an awesome job of this on the Genesis thread. If it is not Gensis, he asks one time for you to take it...

as you said, perhaps the radical approach would be the best.
worst part is that there are people who just like to waste others people time. just out of curiosity, i had a look how Tok is doing. he seems to be jumping from thread to thread complaining. also at other threads some people got upset with him because he was just whining about ineffectiveness of the method without posting charts (the same as happened here). anyway, i wish him success
http://www.forexfactory.com/search.php?searchid=6073013
i will try to keep on learning with this method
  • #4,329
  • May 29, 2013 12:41pm May 29, 2013 12:41pm
I think I'm ready to incorporate this into my live trading account, check out my demo account by clicking my profile. Profile seems happy but I trade the H4 not the M1. Trades are only taken if there's an H4 setup at 10PM PST or 2AM PST. Then when I wake up in the morning I got a good smile on my face hah hah. Don't mind the first few days I was sorting out some bugs and testing the bridge from MT4 to my Jforex platform so it doesnt count hah hah. I also use this guys system but it takes fewer trades. It seems to be a breakout system but so far it works but I like this system here better. http://www.forexfactory.com/showthread.php?t=288245
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  • #4,330
  • May 29, 2013 12:45pm May 29, 2013 12:45pm
To clarify I like the system here on this thread better not the system from the other link I posted. But that one works to on the H4.
  • #4,331
  • Edited 10:23pm May 29, 2013 9:10pm | Edited 10:23pm
Hi Favorite or anybody else

Could you tell me the settings of Babon slope that Favorite uses?

Thanks

Gil
  • #4,332
  • May 29, 2013 10:41pm May 29, 2013 10:41pm
Quoting GilR
Hi Favorite or anybody else Could you tell me the settings of Babon slope that Favorite uses? Thanks Gil
Hi! 10, 3, 0
Greed causes poverty
  • #4,333
  • May 30, 2013 3:00am May 30, 2013 3:00am
no brainer. i took 17.5 pips
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  • #4,334
  • May 30, 2013 3:08am May 30, 2013 3:08am
one countertrend, could hold it longer but took 7.5 pips
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  • #4,335
  • May 30, 2013 3:25am May 30, 2013 3:25am
Quoting maflip
I think I'm ready to incorporate this into my live trading account, check out my demo account by clicking my profile. Profile seems happy but I trade the H4 not the M1. Trades are only taken if there's an H4 setup at 10PM PST or 2AM PST. Then when I wake up in the morning I got a good smile on my face hah hah. Don't mind the first few days I was sorting out some bugs and testing the bridge from MT4 to my Jforex platform so it doesnt count hah hah. I also use this guys system but it takes fewer trades. It seems to be a breakout system but so...
Mind sharing your H4 template maflip? Would be nice for people that still have a dayjob.
Cheers
  • #4,336
  • May 30, 2013 3:25am May 30, 2013 3:25am
went long also eurusd but eventually got out at BE (didnt like1h chart). would be a profitable trade, but glad i exited anyway.
done for today
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  • #4,337
  • May 30, 2013 4:50am May 30, 2013 4:50am
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  • #4,338
  • May 30, 2013 4:52am May 30, 2013 4:52am
Quoting well72
{quote}Hi! 10, 3, 0
Thank you
  • #4,339
  • May 30, 2013 5:00am May 30, 2013 5:00am
Should've held on to TMA15, based on H1 "big picture".
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  • #4,340
  • May 30, 2013 10:41am May 30, 2013 10:41am
Quoting Kobiet
{image}
great one, i ended up taking it too
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