Daytrading/scalping with high leverage - my proven strategy

Can you show us this 3 signals, please?!
Thank you so much!

Hi guys

I have spent some time to read important posts on this Babon scalping system. I randomly checked for its efficiency and consistency in the live market. I was going through some pages of recent days. I find all kind of indies discussed breaking their heads over the same entry and exit. When a system is already prooved and working good why should some one poke into it in guise of improving the system. Just go and trade to make money instead of wasting time here. As said above this thread seems not monitored by any one. There will be many new traders like me coming in year. They all will get confused by all these king of discussions. After the main page rest of the pages have been filled by chatting and discussing indicators. I was scared when I saw so many pages in such a short period and the time required for me to read them. Later I found most of the pages are irrelevent and scrap. Please I request you all just leave the Babon Trading Method alone and let all new traders come here and learn to benefit.

Thank you all anyway. I found something useful in my trading.

Good Bye.

FxOptimu$

I whant to warn you that this indicator with grey areas is based on fractals and so it repaints last 2 bars. So be careful in visual back tests. Here is one example:

Here are the first 3 Signals from today.

Here's another wonderfull trade for 100 pips but exit wasn't according to real rules, i've explained everyting on the picture :

Fx O

Why do you care what happens in this thread, it is not yours, if DNA does not mind, the participants don't need you to tell us what we should do or not do.

You have only read a few pages and now you are the expert on this thread. Don't read it if you disagree with what is happening here, if Babon was perfect it would be the "holy grail".

We are here to discuss and learn from each other and improve a good system even further, why dampen the enthusiasm shown by condor, James etc.

Because it is open to discussion this thread is alive even without Favorite, start your own Babon thread and make the rules there !

I could exit a bit later on the TMA 60 line.
I noticed a funny thing, as we had touched the TMA H4 line, it gave us a strong down movement, interesting for the future.

Take a look to eurjpy M15, maybe we could touch the TMA H4 mid line :

Thanks James

Hi Simonik) and thanks for reply.
I always enjoy reading your posts and comments,they are always filled with charming female wisdom. The same with this one above. Agree with every written word so... let's keep up the great work . All the best to you!!

Sincerely,
David.

P.S And I am still waiting for my V, if it wasn't a joke)) Take care.)

Quit whinging

FORUMS > Trading Systems > Start New Thread > ????? (Suggest: My Babon: The Holy Grail"

Another simple 30 pips trade :

The 5 min EJ about to close out is a winner as well

For me it was the perfect trade cause :
1) Box breakout
2) Tenkan is below kijun
3) Price close below cloud
4) TMA Slope was below -0.40

Hi JSF.
I have already written about it. Believe me it is just indicator which is on the chart nothing more .I cannot remember when the last time I looked at it when make a decision open a trade,I can delete it just know nothing will change or.... viceversa my trade results will improved. Why I write this. Let it be my humble 2 pennies to this thread. As I wrote above I started about 2 months ago on a real account. What about results: two weeks the gain was about 10-12 percent for week, then I drain it. Funny yes?!?) Not because the system was bad,but only thanks to my stupidity. I broke out the main rule of every worthwhile system just not put a stop-loss and work with high risk,and paid for it. And even the deposit was only 200$ it was a really disappointing .What is the most important I got my lesson from this accident: from that moment before open a trade a decide where is the best place for my stop loss,if it is more than 12-15(maximum) points(3 % of deposit) I don't open a trade.
After getting a lesson I charge my deposit again and go farther. The best week before this one was 18% profit for a week,not bad but I knew that I could make more,but I felt that something was disturbing me. I have traded only Eur/Jpy and have on my monitor original Fav's system chart,5 and 15 minutes chart with support and resistance zones and oscillators on them,Babon H1,Babon H4 ,EUR/Jpy dayly chart and even Eur/Usd and Usd/Jpy H1 charts, and M1 Igor's system. Did they help me or make my trades more profitable?!
This Monday I decided to trade only pure original Fav's babon system with only M1 chart(you can see its screenshots above), Babon H1, Babon H4..... o magic-unbelievable 59.1 % profit for 4 days even in case when the first 2 days of the week were really slow. Of course 4 days it is not a long term for making conclusions ,but I think and I am sure I got the next important lesson-'' If something works great let it work and that's all .''

Best Regards,
David.

James or Condor

Do you use Ichimoku Breakout v1 or v1.1?

A little looking helps v1

David - a great result

Hello Colleagues! Unfortunately I saw as simple and clear system turns into the monster! That add on M1 schedule it informativny doesn't become. Look at the bigger time schedule, it gives much more information without excess indicators! Successes to you!

If I am right, your method is at variance with Favorite? An attempt to improve?

One problem I think is that many could not figure out your entry with clarity including myself. It seemed some signals are taken, but others that looked the same ignored.

Favorite's system is no doubt very good, but is somewhat complicated when following all the rules.

Some here like Condor and James have tried to simplify the ENTRY so it is clearer for everybody but maintaining all the other rules of EXIT and support/resistance at larger periods of TMA.

To say introducing a non-repaint TMA or TMA slope is corrupting the system is foolishness. These are improvements to help in judgments.

The other problem is that some have joined in the conversation part way through and now complaining they are confused. What rubbish! They only need go the POST 1 and get the system untainted, pristine and perfect order. DNA has even made a wonderful PDF file for all to enjoy. Those who have joined late need to accept they must put in the effort to study, learn, adjust and eventually trade this system if it suits them.

I really do believe all this complaining is out of order. Sure there is a lot of rubbish (mine included) between the odd good and profitable post. Be thankful for those and ignore the others. Its a public forum!

After this last trade on USDJPY I am only 10 pips aways from doubling account this week