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Daytrading/scalping with high leverage - my proven strategy

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  • #4,681
  • Edited 2:17am Jun 20, 2013 1:58am | Edited 2:17am
Quoting jamesT.
{quote} 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.
James - been keeping an eye your system on USDJPY, Appears to work well with slope of TMA.

Any ideas on profit targets? I suppose Stop should be a couple pips below/above last box?
  • #4,682
  • Jun 20, 2013 2:17am Jun 20, 2013 2:17am
Quoting GilR
{quote} You will need to read and study from post 3365 onwards - We all trade variations on this!
Thanks GilR.

FxOptimu$
  • #4,683
  • Jun 20, 2013 2:28am Jun 20, 2013 2:28am
Very nice 30 pip move on USDJPY with James method

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Is correct James?
  • #4,684
  • Jun 20, 2013 3:17am Jun 20, 2013 3:17am
A simplified example on M5 for over 100 pips :
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My name is Martin... Martin Gale
  • #4,685
  • Jun 20, 2013 3:30am Jun 20, 2013 3:30am
Quoting condor666
A simplified example on M5 for over 100 pips : {image}
What are you using as TP
  • #4,686
  • Jun 20, 2013 3:48am Jun 20, 2013 3:48am
Quoting GilR
{quote} What are you using as TP
On that trade it was the TMA 60 cause we had a big up move, normal TP is TMA 15
My name is Martin... Martin Gale
  • #4,687
  • Jun 20, 2013 6:04am Jun 20, 2013 6:04am
One more not good but great trade! It was really difficult to wait till TMA15 zone but I made it!!!!
Thanks Mikhail!!!!!
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Success is nothing more than a few simple disciplines, practiced every day.
  • #4,688
  • Jun 20, 2013 6:25am Jun 20, 2013 6:25am
Quoting GilR
{quote} James - been keeping an eye your system on USDJPY, Appears to work well with slope of TMA. Any ideas on profit targets? I suppose Stop should be a couple pips below/above last box?
Hi GilR,
you can use for TP TMA 1 , TMA 5, TMA15 or TMA 60. These are the Classic Babon Exit Rules from Favorite. Your SL is ok, but i use a 15 Pip SL on EURJPY from the Classic Babon Entry Rules. You find Favorites Classic Babon Rules on Post 2326.

jamesT.
  • #4,689
  • Jun 20, 2013 6:42am Jun 20, 2013 6:42am
Quoting jamesT.
{quote} Hi GilR, you can use for TP TMA 1 , TMA 5, TMA15 or TMA 60. These are the Classic Babon Exit Rules from Favorite. Your SL is ok, but i use a 15 Pip SL on EURJPY from the Classic Babon Entry Rules. You find Favorites Classic Babon Rules on Post 2326. jamesT.
Did you system work out for you today?
  • #4,690
  • Jun 20, 2013 7:13am Jun 20, 2013 7:13am
Quoting GilR
{quote} Did you system work out for you today?
Yes, from frankfurt open i have 3 signals and 3 winners with this method on EURJPY.

I find this is a good indicator to backtest this method. The settings must be on 5 min timeframe.

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Attached File(s)
File Type: ex4 NT TMATrue SlopeHisto MTF.ex4   20 KB | 445 downloads
  • #4,691
  • Jun 20, 2013 7:29am Jun 20, 2013 7:29am
Guys, let me to ask you something. If Fav's system works even for me( I am working on а real money account about 2 months,so I am really newbie) what is the meaning for you jump for one system modification to another every time???(in my opinion for a person who have more experience than me'' Fav's original'' should work a couple of times better....) . I can understand if somebody looking for a new system or modifying existing one to work on a different instrument or time frame ,but we are still talking about Eur/Jpy pair and M1 timeframe.
Thanks James.T for his modification I am greatly thankful to all who spread light by teaching and sharing their knowledge.
But in the same time the original Fav's system is so self-sufficient,so professional so geniusly easy that one thing is necessary for it just master it and nothing more. So what is the meaning for you jump for one system modification to another every time ,when with the existing one you can have at least the same possitive results???

Best Regards,
David Hambarcumian.
Success is nothing more than a few simple disciplines, practiced every day.
  • #4,692
  • Jun 20, 2013 7:42am Jun 20, 2013 7:42am
And one more great trade!
Thanks Fav!!!!
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Success is nothing more than a few simple disciplines, practiced every day.
  • #4,693
  • Jun 20, 2013 7:42am Jun 20, 2013 7:42am
Quoting Machinator
Guys, let me to ask you something. If Fav's system works even for me( I am working on а real money account about 2 months,so I am really newbie) what is the meaning for you jump for one system modification to another every time???(in my opinion for a person who have more experience than me'' Fav's original'' should work a couple of times better....) . I can understand if somebody looking for a new system or modifying existing one to work on a different instrument or time frame ,but we are still talking about Eur/Jpy pair and M1 timeframe....
Absolutely agree with you, David! Fav developed and tested a system that enables easy and profitable work. I would even say that he gave us a "machine for printing money" So why change it? It works great. You just have to learn how to operate it. Besides, as the saying goes, "the best the enemy of good". This is my personal opinion.
Greed causes poverty
  • #4,694
  • Jun 20, 2013 7:46am Jun 20, 2013 7:46am
Quoting Machinator
Guys, let me to ask you something. If Fav's system works even for me( I am working on а real money account about 2 months,so I am really newbie) what is the meaning for you jump for one system modification to another every time???(in my opinion for a person who have more experience than me'' Fav's original'' should work a couple of times better....) . I can understand if somebody looking for a new system or modifying existing one to work on a different instrument or time frame ,but we are still talking about Eur/Jpy pair and M1 timeframe....
I think the problem is that nobody, apart from you, are sharing their Babon trades. It's just a natural thing that people will start wandering. Please keep on posting your Fav trades. I've done well on Fav's system, but then wandered off to Igor's system and although I didn't do bad with Igor's system, Fav's system still looks like the sufficient system. Maybe you can revive the thread. FAVORITE, TIME TO RETURN, PLEASE!!!
Just for the record, I have three templates on my desktop, Favorite, Igor and James', but I'm just confusing myself; thought I could find synergy between the three systems.
  • #4,695
  • Jun 20, 2013 7:47am Jun 20, 2013 7:47am
Quoting Machinator
Guys, let me to ask you something. If Fav's system works even for me( I am working on а real money account about 2 months,so I am really newbie) what is the meaning for you jump for one system modification to another every time???(in my opinion for a person who have more experience than me'' Fav's original'' should work a couple of times better....) . I can understand if somebody looking for a new system or modifying existing one to work on a different instrument or time frame ,but we are still talking about Eur/Jpy pair and M1 timeframe....
The truth David & Well is that what James is doing is really no different

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  • #4,696
  • Jun 20, 2013 7:57am Jun 20, 2013 7:57am
Quoting GilR
{quote} The truth David & Well is that what James is doing is really no different {image}
Notice also guys that the ENTRY is very SIMPLE. All you do then is manage the trade according to your risk appetite.

One of the main complaints throughout the this thread is not understanding the ENTRY,

The method that James has proposed cannot be confused by anybody ......

Gil

So quit complaining and do some trading
  • #4,697
  • Jun 20, 2013 8:01am Jun 20, 2013 8:01am
Quoting well72
{quote} Absolutely agree with you, David! Fav developed and tested a system that enables easy and profitable work. I would even say that he gave us a "machine for printing money" So why change it? It works great. You just have to learn how to operate it. Besides, as the saying goes, "the best the enemy of good". This is my personal opinion.
I like this quote very much too .The last time I met it it was one of Frederic Beigbeder's book,really nice author. But the best answer to this one could be Stalin's comment on ''that the most beautiful girl can give just what she has''. He replied-''But she can give it twice''))))))))
Success is nothing more than a few simple disciplines, practiced every day.
  • #4,698
  • Jun 20, 2013 8:03am Jun 20, 2013 8:03am
Which indie are you guys using, the fractal SR one or the AIMS box?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #4,699
  • Jun 20, 2013 8:04am Jun 20, 2013 8:04am
Quoting capstone
Which indie are you guys using, the fractal SR one or the AIMS box?
You can use either, but the Aims Box gives you the shaded area
  • #4,700
  • Jun 20, 2013 8:04am Jun 20, 2013 8:04am
Quoting capstone
Which indie are you guys using, the fractal SR one or the AIMS box?

I use the 2 indies cause i can see it better but it's a personnal choice.
My name is Martin... Martin Gale
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