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Daytrading/scalping with high leverage - my proven strategy

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  • #4,661
  • Jun 19, 2013 11:14am Jun 19, 2013 11:14am
This was the last trade for today with the fractal zone indicator. In EURJPY gave this system 8 signals - 7 winner and 1 looser - between Frankfurt open and after London close.
jamesT.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1jam.png Size: 38 KB
  • #4,662
  • Jun 19, 2013 11:35am Jun 19, 2013 11:35am
Quoting jamesT.
This was the last trade for today with the fractal zone indicator. In EURJPY gave this system 8 signals - 7 winner and 1 looser - between Frankfurt open and after London close. jamesT. {image}
James can you tell me your TP and ST?

I see how to get in, it's the exit i'm having trouble with.

Thanks,
  • #4,663
  • Jun 19, 2013 11:40am Jun 19, 2013 11:40am
Quoting condor666
I lost 50% of my account on monday so i'm looking for something more secure.
sorry for that.....how??

i really do not understand such situations

ps: define please "secure"
Be safe
S
Look like a girl, act like a lady, think like a man and work like a dog.
  • #4,664
  • Jun 19, 2013 11:50am Jun 19, 2013 11:50am
Quoting fgsfx
{quote} Hi Condor It seems like that, on the other hand it is the real breakouts that put an end to the ranging, problem is, what's real, what not?

Maybe based on the distance with TMA 5, great distance = tradable and low distance = ranging market
My name is Martin... Martin Gale
  • #4,665
  • Jun 19, 2013 11:56am Jun 19, 2013 11:56am
Quoting Simonik
{quote} sorry for that.....how?? i really do not understand such situations ps: define please "secure" Be safe S
I had too many looser in a row so i think in the end i got to many stress and so i made bad decisions.
Surely i took too many risk and i tried to hedge with a pyramid but with leverage 100 on each trade it's really difficult not to loose.
My name is Martin... Martin Gale
  • #4,666
  • Jun 19, 2013 11:56am Jun 19, 2013 11:56am
Quoting nadar
{quote} James can you tell me your TP and ST? I see how to get in, it's the exit i'm having trouble with. Thanks,

Exit is on the TMA 5 line, really easy.
My name is Martin... Martin Gale
  • #4,667
  • Jun 19, 2013 12:02pm Jun 19, 2013 12:02pm
After this i hope the market will clear after FOMC statement.. all big boys still in wait and see for now..
==========================================================================
"The whole world has been anxiously waiting for this moment.
The Federal Reserve will wrap up its 2-day Federal Open Market Committee (FOMC) meeting on Wednesday.
At 2:00 PM ET, it will publish its FOMC statement as well as an update to its economic forecasts.
Then at 2:30 PM ET, Fed Chairman Ben Bernanke will hold a press conference, which will include a Q&A with economics reporters."

http://business.financialpost.com/20...n-a-long-time/
  • #4,668
  • Jun 19, 2013 12:21pm Jun 19, 2013 12:21pm
JamesT...

Hi, Thanks for your reply to my previous question regarding your 'ichimoku settings' I did have those settings, but getting slightly different signals, guess
its just slight differences in data?

Anyway I have another query.....It looks like you wait for a long or short signal given by the 'ichimoku histogram' then see if price has cleared the relevant
S/R level given by the box....if it closes outside you take the trade? what if at the time of the 'ichimoku' signal price has not cleared the S/R level but clears it
4 or 5 bars later is it valid to enter at that time or do we have to wait for a new ichi signal? ( I was looking at the 09.24am euro/jpy candle, missed the earlier entry...also my ichi signaled long at 17.58 3mins before yours and was borderline at that time )
Also, have you come to any conclusions about the use of the 'TmaSlopeTrue' indicator usage/or other considerations when determining trade entry?
I see you already have a question regarding SL/TP ..these are more down to the individual but it would be good to hear your trade management ideas
for this method.
Thanks again
  • #4,669
  • Jun 19, 2013 12:39pm Jun 19, 2013 12:39pm
Quoting condor666
{quote} Exit is on the TMA 5 line, really easy.
Hey Condor - sorry to hear about your recent losses - it's tough out there this week.

How do you get the Kumo Histo breakout to work on a different TF. It doesn't matter what timeframe I enter in the settings it always defaults back to current timeframe.

Thanks
  • #4,670
  • Jun 19, 2013 12:44pm Jun 19, 2013 12:44pm
Quoting nadar
{quote} James can you tell me your TP and ST? I see how to get in, it's the exit i'm having trouble with. Thanks,
Stop-Loss is 15 Pip and TP is at TMA 5 min (yellow line) but sometimes i take TP at TMA 1 (green line).
  • #4,671
  • Jun 19, 2013 12:57pm Jun 19, 2013 12:57pm
Quoting hollowhead
{quote} Hey Condor - sorry to hear about your recent losses - it's tough out there this week. How do you get the Kumo Histo breakout to work on a different TF. It doesn't matter what timeframe I enter in the settings it always defaults back to current timeframe. Thanks
Easy, take a look to this :
Attached Image
My name is Martin... Martin Gale
  • #4,672
  • Jun 19, 2013 1:11pm Jun 19, 2013 1:11pm
Quoting condor666
{quote} Exit is on the TMA 5 line, really easy.
Yes, but what if it does not touch the TMA?


edit.
Thanks James, my question has already been answered by you.
  • #4,673
  • Jun 19, 2013 1:28pm Jun 19, 2013 1:28pm
Quoting scalpip
JamesT... Hi, Thanks for your reply to my previous question regarding your 'ichimoku settings' I did have those settings, but getting slightly different signals, guess its just slight differences in data? Anyway I have another query.....It looks like you wait for a long or short signal given by the 'ichimoku histogram' then see if price has cleared the relevant S/R level given by the box....if it closes outside you take the trade? what if at the time of the 'ichimoku' signal price has not cleared the S/R level but clears it 4 or 5 bars later is...
If you get the first ichimoku breakout signal, price must be above or below the fractal SR Zone and then you look to the confirmation of the both TMA. At 09.24 am i took the trade 6 Bars after the signal bar, because we had a nice rebound from the TMA 5 line and TMA1 line. When both TMA are blue you have the confirmation for a long-signal and when both are red it is the confirmation for a short signal.
jamesT.
  • #4,674
  • Jun 19, 2013 2:51pm Jun 19, 2013 2:51pm
Quoting jamesT.
{quote} If you get the first ichimoku breakout signal, price must be above or below the fractal SR Zone and then you look to the confirmation of the both TMA. At 09.24 am i took the trade 6 Bars after the signal bar, because we had a nice rebound from the TMA 5 line and TMA1 line. When both TMA are blue you have the confirmation for a long-signal and when both are red it is the confirmation for a short signal. jamesT.
How long you use this method? What can you say about the results that you have using your method?
Thanks!
  • #4,675
  • Edited 3:46pm Jun 19, 2013 3:10pm | Edited 3:46pm
Quoting condor666
{quote} Easy, take a look to this : {image}
Thanks - but when I do that nothing changes - it still only shows the histo for the current TF.

I thought maybe another indicator was overriding it, but even in a new template it only shows the current TF.


Edit: I can do it on an MT4 platform with another broker - I must have a different setting on this one, which is stopping it!
  • #4,676
  • Jun 19, 2013 3:21pm Jun 19, 2013 3:21pm
Quoting Flaviu1981
{quote} How long you use this method? What can you say about the results that you have using your method? Thanks!
I use this method since yesterday, therefore i cannot say very much about the results. You find the results from today in Post 4666.
jamesT.
  • #4,677
  • Jun 19, 2013 6:28pm Jun 19, 2013 6:28pm
JamesT......

Thanks for your reply,, your help is much appreciated.
  • #4,678
  • Jun 20, 2013 12:58am Jun 20, 2013 12:58am
Hi scalpers

Good to see so many pages and posts with in such a short period of time since the thread was started. Also I am also seeing new posts everyday. There must be some thing interesting happening here and so I got hooked in. After reading first few pages I thought it must be another scrap trading without stop loss. But after reading page 117 & 118 I find this method is quite interesting. Now it is impossible for me read throgh all these pages given my time constraint because of busy schedule. I would like to request some of the senior traders of this method to confirm;

1. Whether you all trading the method explained in the above pages.
2. If so please let me know if any short comings in this method.
3. Apart from the above pages any other important aspect I missed or I should read.

Please guide me to utilize my available time judiciously.

Thanks in Advance.
FxOptimu$
  • #4,679
  • Jun 20, 2013 1:11am Jun 20, 2013 1:11am
Hi Mr.dna

I see you online. I am a basket trader. I came in here few days back while searching for some indicator 1000pips. Can you please spare just a minute and guide me through. I have read and set up all the indicators. I have gone back and checked up few entries and exits. Finding this interesting. Before I test it in my live account I just wanted to confirm If I have missed anything. Please let me important pages that I should read. I will read rest of the pages in bits when ever I get time later.

Thanks in advance.

FxOptimu$
  • #4,680
  • Jun 20, 2013 1:32am Jun 20, 2013 1:32am
Quoting Fx-optimus
Hi Mr.dna I see you online. I am a basket trader. I came in here few days back while searching for some indicator 1000pips. Can you please spare just a minute and guide me through. I have read and set up all the indicators. I have gone back and checked up few entries and exits. Finding this interesting. Before I test it in my live account I just wanted to confirm If I have missed anything. Please let me important pages that I should read. I will read rest of the pages in bits when ever I get time later. Thanks in advance. FxOptimu$
You will need to read and study from post 3365 onwards - We all trade variations on this!
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