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Daytrading/scalping with high leverage - my proven strategy

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  • #4,501
  • Jun 8, 2013 5:30am Jun 8, 2013 5:30am
tonny

I am not telling you how many pips to take, just that you can't discount 4 pips a day or 1 pip if it means 1% or more. That will still be 200% or more per year, I don't think hedge funds will do that for you.
When all conditions are met - Enter trade - sit back and FRET !!!
  • #4,502
  • Jun 8, 2013 5:41am Jun 8, 2013 5:41am
Quoting jsf
tonny I am not telling you how many pips to take, just that you can't discount 4 pips a day or 1 pip if it means 1% or more. That will still be 200% or more per year, I don't think hedge funds will do that for you.

Hedge funds doesn't use leverage and they don't trade that way, they use statistical tools.
Imagine you have 500 millions, that's 5000 lots so you can't use leverage cause there will not be enough liquidity.
My name is Martin... Martin Gale
  • #4,503
  • Jun 8, 2013 10:23am Jun 8, 2013 10:23am
OMG
The same over and over and over...discussion about

"what nr of pips/trade/day/mounth/year" is ok or
"what %/trade/day/mounth/year" is ok
Come on gents, you ALL are RIGHT!
There is no single answer (or corect answer) to this questions!

I see so many people saying that: ok in this bussines is to make 100p, 8976p, 2p, xxxxxp/trade...or...you have to make 1%, 10%, 100%, xxx%/trade
And all are right and everyone is wrong! Funny, no?
It is not so funny if you are a beginer, read all this... and think that is ok....


Anyway...i`m sorry for this thread...now there is 4507 posts about...everything, different mm strategy, different systems...
Look like a girl, act like a lady, think like a man and work like a dog.
  • #4,504
  • Jun 8, 2013 10:46am Jun 8, 2013 10:46am
Quoting condor666
{quote} Hedge funds doesn't use leverage and they don't trade that way, they use statistical tools. Imagine you have 500 millions, that's 5000 lots so you can't use leverage cause there will not be enough liquidity.
this is not an accurate statement. i know a few hedge fund managers and there is no single way to define what they do. most wouldn't tell you if you paid. so to make a blanket and definitive statement like the above is just irresponsible.

also, where are you getting your facts? who said the market can't absorb 500 million of transactions???
  • #4,505
  • Jun 8, 2013 10:49am Jun 8, 2013 10:49am
Quoting Simonik
OMG The same over and over and over...discussion about "what nr of pips/trade/day/mounth/year" is ok or "what %/trade/day/mounth/year" is ok Come on gents, you ALL are RIGHT! There is no single answer (or corect answer) to this questions! I see so many people saying that: ok in this bussines is to make 100p, 8976p, 2p, xxxxxp/trade...or...you have to make 1%, 10%, 100%, xxx%/trade And all are right and everyone is wrong! Funny, no? It is not so funny if you are a beginer, read all this... and think that is ok.... Anyway...i`m...
finally some sense in a senseless world!
  • #4,506
  • Jun 8, 2013 10:52am Jun 8, 2013 10:52am
Quoting jsf
tonny I am not telling you how many pips to take, just that you can't discount 4 pips a day or 1 pip if it means 1% or more. That will still be 200% or more per year, I don't think hedge funds will do that for you.
you are really not getting what i am trying to say here:
i can certainly discount 4 pips a day to some degree especially for volatile currencies.
to make 10% per day you would have to trade 2.5% per pip. having 2 losing trades even small ones totalling 20 pips would reduce your account to half. from this point you have to make 100% back on your account to be at where you started on a day.

thats my last post on MM since it is as productive as starting a food delivery company which specialises on import of water from Mars to supply Wallmart stores.
  • #4,507
  • Jun 8, 2013 11:51am Jun 8, 2013 11:51am
Guys, interesting discussion but it seems the important thing is only MM and is not the case. For me the most important is to have a trading system (as I have mentioned several times in my posts) and then follow it. This means having a "vision" of the market, without which it is irrelevant start thinking about goals stop and take profit. Why? Because if your trading system is based on weekly TF, your stop will probably be more than 100 pips just as your objectivs and your orders can be open for months, weeks, days, etc.. Having a trading system can be discussed on how to apply, but not before. Here it seems that the most important is the "when" and not the "how", and for that reason many come to this thread and have bad experiences, this is not only see an indicator pointing north, and given this condition, place an order with stop of 10 pips risking % of the balance, is much more complex and you know it.

I know people who started with $ 1,000.00 and in 10 months transforms into $ 10,000.00 with a good system + MM, but I'm quite sure that if that person applies only MM would never have succeeded.

There are two choices on this thread or follow the Favorite system with some variations like Condor, Igor, etc. or use your own system (as I do) and use only the conditions of entry, that's all.

Regards, Bernardo.
  • #4,508
  • Jun 8, 2013 11:56am Jun 8, 2013 11:56am
Quoting GilR...... Don't mind at all..... by asking questions we learn from each other


Thanks for your prompt reply. Very helpful

Hope you don't mind a couple more......when scalping for modest targets do you just trade off the 1min chart or do you use a higher time frame to get a bigger picture?

Also do you trade other pairs and what times of the day do you consider it best to trade the pairs you trade? (whilst I love sitting in front of the screen
I wouldn't have the discipline to trade all day, for me I think it would be counter productive)

Thanking you in advance.
  • #4,509
  • Jun 8, 2013 2:57pm Jun 8, 2013 2:57pm
Quoting enochben
{quote} this is not an accurate statement. i know a few hedge fund managers and there is no single way to define what they do. most wouldn't tell you if you paid. so to make a blanket and definitive statement like the above is just irresponsible. also, where are you getting your facts? who said the market can't absorb 500 million of transactions???

I mean the market can't absorb it at one price and it couldn't absorb it if you want to use leverage. For the moment i've never seen an order for 1 billion at one price.
My name is Martin... Martin Gale
  • #4,510
  • Jun 8, 2013 3:05pm Jun 8, 2013 3:05pm
Do you want fast trades ?
Here is a a 3 minute trade :
Attached Image (click to enlarge)
Click to Enlarge Name: Snap 2013-06-08-22_04.png Size: 48 KB
My name is Martin... Martin Gale
  • #4,511
  • Jun 8, 2013 3:43pm Jun 8, 2013 3:43pm
Quoting condor666
Do you want fast trades ? Here is a a 3 minute trade : {image}
Did you take that trade ?
When all conditions are met - Enter trade - sit back and FRET !!!
  • #4,512
  • Jun 8, 2013 3:47pm Jun 8, 2013 3:47pm
Quoting condor666
Do you want fast trades ? Here is a a 3 minute trade : {image}
Did you take that trade ?
And if you did, what was your triggers ?
When all conditions are met - Enter trade - sit back and FRET !!!
  • #4,513
  • Jun 8, 2013 4:54pm Jun 8, 2013 4:54pm
Quoting condor666
Do you want fast trades ? Here is a a 3 minute trade : {image}
Hi condor666,
I just started Trading this year, and joined this Forum in March.
I completely agree with you on GBPJPY being "fast"! I'm not sure if it's part of the Ulcer Index, or has its own!
One can "grow up real fast" Daytrading or Scalping this one!
Been playing with this one since March!
  • #4,514
  • Jun 8, 2013 5:17pm Jun 8, 2013 5:17pm
Quoting condor666
Do you want fast trades ? Here is a a 3 minute trade : {image}
Here's GBPJPY since March/April > both Daily & H4 (240 min) !!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY D1 Mar - Jun 2013.PNG Size: 65 KB
Click to Enlarge Name: GBPJPY H4 Apr to Jun 7 2013.PNG Size: 48 KB
  • #4,515
  • Jun 8, 2013 5:43pm Jun 8, 2013 5:43pm
Quoting Simonik
OMG The same over and over and over...discussion about "what nr of pips/trade/day/mounth/year" is ok or "what %/trade/day/mounth/year" is ok Come on gents, you ALL are RIGHT! There is no single answer (or corect answer) to this questions! I see so many people saying that: ok in this bussines is to make 100p, 8976p, 2p, xxxxxp/trade...or...you have to make 1%, 10%, 100%, xxx%/trade And all are right and everyone is wrong! Funny, no? It is not so funny if you are a beginer, read all this... and think that is ok.... Anyway...i`m...
You are right

When we have 3 systems - DNA, Favorite, Igor - in the one thread it has become a confusion,

We have some follow the stratergies and variations on Favorite's system as I do

We have some follow Igors system and variations of it.

Maybe they are to different as in themselves also accommodate different trading stratergies from scalping to longer term trading.

Anyway .... I thank Favorite for his work as he has helped me to refine an exit strategy for each trade where it obeys the reality that the market will only give what it chooses and not my wishes (the old school risk/reward) or a stop with a wish and when not granted - stopped out! We must and the market allows us to trade out and close our positions.

I am bowing out, not wishing to get into arguments etc. The aim as I have read Favorite's posts was to be a help and not a hindrance.

Whether you follow Igor's system or Favorite's - they both really need their own threads and those who really trade either system with $$$ should start their own private group to discuss trading strategies and improvements etc
  • #4,516
  • Jun 9, 2013 6:58am Jun 9, 2013 6:58am
Simonik, GilR

It is weekend, no trading so we are just 'demo arguing', no ill meant.

In forex there are no rules, so as Simonik says, nobody is right or wrong with his/her approach, we do as we see fit and live with the consequences.

Enjoy what s left of the weekend!!
When all conditions are met - Enter trade - sit back and FRET !!!
  • #4,517
  • Jun 9, 2013 7:11am Jun 9, 2013 7:11am
hi condor666,

do you trade on every breakout of the clouds?
or do you just buy when the trend is up, or sell when the trend is down?

Thanks.
  • #4,518
  • Jun 9, 2013 7:57am Jun 9, 2013 7:57am
Quoting jsf
{quote} Did you take that trade ? And if you did, what was your triggers ?

Yes it was the only trade i had time to take.
I used no sl or breakeven but i make 30 pips and i think that's huge for a 3 minutes trade

Quoting bny
hi condor666, do you trade on every breakout of the clouds? or do you just buy when the trend is up, or sell when the trend is down? Thanks.
I would say it depends on the time i have but i prefer to look that there is some trend and not a ranging market
My name is Martin... Martin Gale
  • #4,519
  • Jun 10, 2013 2:38am Jun 10, 2013 2:38am
Quoting condor666
Do you want fast trades ? Here is a a 3 minute trade : {image}
Hello Condor
This is a great method, however, is not as 'mathematical' buy and sell breaking up Kumo Kumo break down.
There are many false signals.
To be followed carefully.
Hello
  • #4,520
  • Jun 10, 2013 3:09am Jun 10, 2013 3:09am
Yes i know but it was just a little opportunity i saw, i wouldn't say that's the main way to trade.
My name is Martin... Martin Gale
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