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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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  • #4,981
  • Jul 3, 2013 9:43pm Jul 3, 2013 9:43pm
Quoting GilR
{quote}
Low Risk Low Stress High Reward High Probability Trades
  • #4,982
  • Jul 3, 2013 9:49pm Jul 3, 2013 9:49pm
A little personal enhancement to the great system introduced by Favorite without compromising the simplicity of the system. I have added "the Amazing Magic of 3MW of Now," with the zig zag indicator.

Good night guys
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Low Risk Low Stress High Reward High Probability Trades
  • #4,983
  • Edited 6:17pm Jul 4, 2013 1:48am | Edited 6:17pm
Good evening from Vancouver, in beautiful British Columbia. My alarm just woke me up to catch part of this falling saucer and I left much on the table, but pip is pip, and I'm just starting the day anyway

It's 13 minutes to London open, and all the best friends

Shalom


George
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Low Risk Low Stress High Reward High Probability Trades
  • #4,984
  • Jul 4, 2013 2:02am Jul 4, 2013 2:02am
I caught that same one, luckily I was messing around with my charts. Good for 21
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  • #4,985
  • Jul 4, 2013 2:04am Jul 4, 2013 2:04am
Watching for pullback here when M1 TMA should go beyond the Cloud for possible long in the GU.

NB
Did you see what just happened while typing
Attached Image (click to enlarge)
Click to Enlarge Name: GU Potential Trade1 - 7042013.gif Size: 68 KB
Low Risk Low Stress High Reward High Probability Trades
  • #4,986
  • Edited 3:33am Jul 4, 2013 2:10am | Edited 3:33am
Quoting 919gilead
Watching for pullback here when M1 TMA should go beyond the Cloud for possible long in the GU. NB Did you see what just happened while typing {image}
as Halifax HPI news was good too
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU Potential Trade1a - 7042013.gif Size: 71 KB
Click to Enlarge Name: GU News Update - 7042013.gif Size: 10 KB
Low Risk Low Stress High Reward High Probability Trades
  • #4,987
  • Jul 4, 2013 2:20am Jul 4, 2013 2:20am
Quoting Mr C
I have been talking with and thanking Favorite as we go but after catching up on the thread I would like to give a thank you here too because I want everybody to know how grateful I am, so thanks Mike. For those interested in the Dashboard, I am happy so far with the results it's hard to cover all currencies with one system and then predict that setup with a Dashboard but this is way ahead of the last release. Price 20 LWMA CLOSED Ichimoku tenkan-sen cross only: (A)9,26,52 (B)4,8,8 (C)10,8,15 if 20 LWMA CLOSED > (C)10,8,15 & 20 LWMA CLOSED > (A)9,26,52...

Is anybody using Pauls dashboard to his advantage ?
  • #4,988
  • Jul 4, 2013 2:33am Jul 4, 2013 2:33am
Quoting 919gilead
{quote} as news Halifax HPI news was good too {image} {image}
The Cheetah as the fastest Animal in the World
Although the cheetah is the fastest animal in the world and can catch any animal on the plains, it will wait until it is absolutely sure it can catch its prey. It may hide in the bush for a week, waiting for just the right moment. It will wait for a baby antelope, and not just any baby antelope, preferably one that is sick or lame. Only then, where there is no chance it can lose it's prey, does it attack. That, to me, is the epitome of professional trading. - Mark Weinstein.

Still watching and
Attached Image (click to enlarge)
Click to Enlarge Name: GU Potential Trade1b - 7042013.gif Size: 75 KB
Low Risk Low Stress High Reward High Probability Trades
  • #4,989
  • Jul 4, 2013 2:43am Jul 4, 2013 2:43am
Quoting Benihana
I caught that same one, luckily I was messing around with my charts. Good for 21 {image}
Low Risk Low Stress High Reward High Probability Trades
  • #4,990
  • Jul 4, 2013 3:31am Jul 4, 2013 3:31am
Quoting 919gilead
{quote} The Cheetah as the fastest Animal in the World Although the cheetah is the fastest animal in the world and can catch any animal on the plains, it will wait until it is absolutely sure it can catch its prey. It may hide in the bush for a week, waiting for just the right moment. It will wait for a baby antelope, and not just any baby antelope, preferably one that is sick or lame. Only then, where there is no chance it can lose it's prey, does it attack. That, to me, is the epitome of professional trading. - Mark Weinstein. Still watching ...

Market has suddenly gone quiet and sideways which is understandable considering the 2 important rate announcements coming from the UK and EU. I'm going to take a nap instead of waiting and watching paint dry but will put my alerts in place, should the market decide to do something funny and interesting before the news release.

Good trading to all, and please trade carefully

Shalom

George
Low Risk Low Stress High Reward High Probability Trades
  • #4,991
  • Jul 4, 2013 3:41am Jul 4, 2013 3:41am
Can't watch them all => always a setup somewhere on the charts. See you folks later
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Low Risk Low Stress High Reward High Probability Trades
  • #4,992
  • Jul 4, 2013 3:52am Jul 4, 2013 3:52am
Missed this one too, and was good for 25+ pips. This is why it is good to look around the charts while monitoring one's preferred pair. I will be looking around the charts every 10 - 15 minutes from now onward.

I'm finally off now
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Low Risk Low Stress High Reward High Probability Trades
  • #4,993
  • Jul 4, 2013 4:17am Jul 4, 2013 4:17am
Some news about the grid strategy :
the account lost a bit balance cause some trades were closed with something like a margin call due to high spread, so i need to add a new rule : never open a trade between 1 hour before NY closing and 2 hours after NY closing.
My name is Martin... Martin Gale
  • #4,994
  • Jul 4, 2013 4:34am Jul 4, 2013 4:34am
Quoting condor666
Some news about the grid strategy : the account lost a bit balance cause some trades were closed with something like a margin call due to high spread, so i need to add a new rule : never open a trade between 1 hour before NY closing and 2 hours after NY closing.
Sorry to hear that my friend. You can't buy experience. If tomorrow you start a thread and tell traders not to trade during certain periods, they will not understand. Everybody wants to pay something to gain experience - welcome to the club.

And for those who have not made the same mistake, learn from those who have gone through it and shared their experience for free. Download the manual on the first page and read. It will save you years of frustration.

I'm still here but going to bed now. I was just going through the charts and trying to improving on how I can catch the pairs that are trending instead of wasting my time waiting for GBPUSD to setup while AUDUSD, GBPAUD, GBPNZD, etc were already producing pips.

Bye for now
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Low Risk Low Stress High Reward High Probability Trades
  • #4,995
  • Edited 5:23am Jul 4, 2013 4:53am | Edited 5:23am
Quoting 919gilead
My sincere apologies for the wrong indicator I referenced earlier. I just finished my devotion and breakfast, and decided to check the indicator, only to discover it was the wrong one I posted. So please pardon me. The correct link is here, and the only indicator I use there is called Pilotui_MY STRENGTH_v1.0 I am also attaching the indicator with a brief summary of what to do after attaching the indicator to your chart. {file} {file} {image}
Can any kind hearted coder please help with the alert on the linear currency strength meter? It currently alerts ONLY on cross of the pair the indicator is placed on, even when all 8 currencies are selected; but would rather have an audible alert for the currencies crossing above & below the central zero line. Any help along this line will be much appreciated, in the absence of the dashboard Mr C was working on. And if anybody knows of another LCSM with this feature, please post indicator or link.

See attached screenshots of what happened, and if we get an alert, we just check the chart whether we have a setup developing or already developed, and a decision can be taken whether to trade or not. We had both AUD & NZD cross strongly above the central line while GBP also crossed strongly down the line. An alert would have helped.

And like Oliver Twist, if I may add, a MTF dashboard of this indicator will be useful to all too - M1 to M30 should suffice, with alert on cross on each time frame and additional alert with user option for alert when M1 to M5 or M1 - M15 or M1 - M30 are in agreement and

Thank you
Attached Image(s) (click to enlarge)
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Low Risk Low Stress High Reward High Probability Trades
  • #4,996
  • Jul 4, 2013 4:54am Jul 4, 2013 4:54am
Finnally i could close my grid and my account has +102%, now i'm waiting 1 hour for setting up the next one, just before the news.
For the trading hours, i knew that rule but i thinked i coulod go out before that hours of the day.
My name is Martin... Martin Gale
  • #4,997
  • Jul 4, 2013 5:56am Jul 4, 2013 5:56am
Hi Guys & Gals,

There is a cool advance Zig Zag indicator that I will suggest everyone (especially experienced traders) take a good look at, and play with it, to see how it can be useful in your trading.

GBP news in 5 minutes.

Good trading to all

Shalom

George
Attached Image (click to enlarge)
Click to Enlarge Name: EJ Potential Trade1 - 7042013.gif Size: 92 KB
Low Risk Low Stress High Reward High Probability Trades
  • #4,998
  • Jul 4, 2013 7:23am Jul 4, 2013 7:23am
Quoting 919gilead
Hi Guys & Gals, There is a cool advance Zig Zag indicator that I will suggest everyone (especially experienced traders) take a good look at, and play with it, to see how it can be useful in your trading. GBP news in 5 minutes. Good trading to all Shalom George {image}

Thanx, seems to be really nice.
The GBP news was awesome but i exited to early(101 pips for today).
My name is Martin... Martin Gale
  • #4,999
  • Jul 4, 2013 7:28am Jul 4, 2013 7:28am
Quoting condor666
{quote} Thanx, seems to be really nice. The GBP news was awesome but i exited to early(101 pips for today).
Condor what is your strategy for trading news? how do you determin which direction the price will go? Do you trade on NFP fridays or do you stay out?
  • #5,000
  • Jul 4, 2013 8:33am Jul 4, 2013 8:33am
only can say how i trade news, i dont trade 15mins before news and 15mins-45mins after news until chart is normal moving again.

If you wanna trade news you can set 3 mins before the news come out 2 orders one buy over chart channel (caus normaly 30mins before relevant news the chart is going to form a little channel only moving little up and little down with no breakouts) and one sell order under the channel. We the big breakout comes your in the right direction and chancel the other order. But news trading is not that easy cause somethimes it breaks out in one directon lets say 16 pips then it moves 30 pips in the other direction. and that in 1 second. I tried newstrading a little but i dont like it (but there are a lot of ppl who doing very good in news trading) so like i said before and after news i do something else and can take a break from trading.......
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