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Daytrading/scalping with high leverage - my proven strategy

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  • #5,061
  • Jul 8, 2013 3:15pm Jul 8, 2013 3:15pm
Quoting alij79
hello 919gilead can u pls share LCSM indicator and also your template along with HH, HL indicator which shows on ur chart... will really appreciate it. {quote}
ALIJ:

Please search this thread, and you will them here as I already shared and posted them here
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  • #5,062
  • Jul 8, 2013 5:55pm Jul 8, 2013 5:55pm
Quoting 919gilead
{quote} ALIJ: Please search this thread, and you will them here as I already shared and posted them here
A bit slow of a market, but managed to take 12 pips out of this short trade. Successive LL and LH seen on both the M1 and the H1 (horizontal lines thanks to 919's indicator). Trigger was traditional Babon rules - below the Ichi and the slope turned down after the pullback. Exited on the high volume doji just inside the M5 TMA.
Attached Image (click to enlarge)
Click to Enlarge Name: ej trade.gif Size: 33 KB
Small disciplines repeated with consistency lead to great achievements.
  • #5,063
  • Edited 6:42pm Jul 8, 2013 6:30pm | Edited 6:42pm
Quoting tonny47
{quote} your second picture, second candle from the right is a pinbar to me plus there happened to be a good resistance (which you draw yourself with a green line. 4h pin bar is not objective in my opinion since not all traders see it because of the different broker time. i dont see a pinbar on my 4h charts
Hi, Tony.
I meant pin bar on TMA H4 middle line H1 timeframe. I don't have exact statistic, but this kind of pin bars on different TMA timeframes work perfect in the vast majority of cases.
Here are a couple of examples.

Best regards,
David.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pin bar on H4 tma.PNG Size: 38 KB
Click to Enlarge Name: Pin Bar TMA5 TMA M15.PNG Size: 93 KB
Click to Enlarge Name: Pin Bar M5 CT trade.PNG Size: 62 KB
Click to Enlarge Name: What a nice pullback and then trend change H1.PNG Size: 61 KB
Click to Enlarge Name: TMa5 pinbar.PNG Size: 67 KB
Click to Enlarge Name: Pullback TMA H4 middle zone.PNG Size: 64 KB
Success is nothing more than a few simple disciplines, practiced every day.
  • #5,064
  • Jul 8, 2013 8:04pm Jul 8, 2013 8:04pm
One more trade - While this wasn't as good of a setup as before (H1 was moving up) it setup nicely for me on the M1. I cheated a bit on the entry and entered at the pullback to broken support with a doji confirmation. Quick exit at the M1 TMA for 4.5 pips because as I said, it wasn't the perfect H1 setup. But TMA M5 sideways, TMA M1 down, reversal pattern on the M1, cross the ichi, pullback, enter.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej pre-trade.gif Size: 31 KB
Click to Enlarge Name: ej post-trade.gif Size: 32 KB
Small disciplines repeated with consistency lead to great achievements.
  • #5,065
  • Jul 8, 2013 11:36pm Jul 8, 2013 11:36pm
New to the thread. Have downloaded the templates and set up on platform ( am experienced at it ) but I am not getting the TMA channels to show. They show up in the indicators list. Wondering if someone could give me the settings for them so I can study this method more closely.
gregben
  • #5,066
  • Jul 9, 2013 12:10am Jul 9, 2013 12:10am
Quoting gregben
New to the thread. Have downloaded the templates and set up on platform ( am experienced at it ) but I am not getting the TMA channels to show. They show up in the indicators list. Wondering if someone could give me the settings for them so I can study this method more closely. gregben
make sure u are on the right time frame for the template
Small disciplines repeated with consistency lead to great achievements.
  • #5,067
  • Jul 9, 2013 12:39am Jul 9, 2013 12:39am
Quoting jmflukeiii
{quote} make sure u are on the right time frame for the template
Yes I am on 1 min chart
  • #5,068
  • Jul 9, 2013 12:41am Jul 9, 2013 12:41am
Quoting jmflukeiii
919 - what is triggering your actual entry on the M and W patterns? Is it a break of the high/low in between the peaks? or after the second peak may have formed enter on a good signal candle? and Tony - for your counter trend M1 TMA over m5 TMA trades, what is it that actually signals you into the trade? A close in the trade direction? The Babon turning? Thanks -
i would like to see babon changing colour, ideally at S/R level. the particular trade i posted included also nice round number which wasnt really tested and thought price will come back. countertrend trades often fail if you have more aggressive run up/down, so need to watch out for those
  • #5,069
  • Jul 9, 2013 12:48am Jul 9, 2013 12:48am
Quoting Machinator
{quote} Hi, Tony. I meant pin bar on TMA H4 middle line H1 timeframe. I don't have exact statistic, but this kind of pin bars on different TMA timeframes work perfect in the vast majority of cases. Here are a couple of examples. Best regards, David. {image} {image} {image} {image} {image} {image}
hi Machinator,

yes, pinbars can be quite powerful. good observation in relation to tma. i see what you meant with 4h now, thanks.
i meant the pinbar with red arrow on my picture. not near tma but good resistance i thought
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 1h.png Size: 41 KB
  • #5,070
  • Jul 9, 2013 1:25am Jul 9, 2013 1:25am
Quoting alij79
hello 919gilead can u pls share LCSM indicator and also your template along with HH, HL indicator which shows on ur chart... will really appreciate it. {quote}
Hi Alij;
Here you have the indicators you were looking for.

BR.
Attached File(s)
File Type: ex4 ZigZagAdvanced_mj_v1.13.ex4   47 KB | 584 downloads
File Type: ex4 ^Pilotui_MY_STRENGTH_v1.0[1].ex4   19 KB | 563 downloads
File Type: mq4 ^Pilotui_MY_STRENGTH_v1.0[1].mq4   18 KB | 573 downloads
File Type: ex4 1000pips Mini.ex4   8 KB | 503 downloads
  • #5,071
  • Jul 9, 2013 1:26am Jul 9, 2013 1:26am
one quick one for 12 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 9 july.png Size: 30 KB
  • #5,072
  • Jul 9, 2013 1:31am Jul 9, 2013 1:31am
Quoting tonny47
one quick one for 12 pips {image}
Tony, could you please look at the settings you have for your TMA indicator for the two lower frame charts. I can't get mine to show on chart the way yours are. The period and apply to settings.
  • #5,073
  • Jul 9, 2013 1:50am Jul 9, 2013 1:50am
Quoting gregben
{quote} Tony, could you please look at the settings you have for your TMA indicator for the two lower frame charts. I can't get mine to show on chart the way yours are. The period and apply to settings.
hi, only using default settings

on 1min chart
timeframe current time frame
half length 20
price 0
atr multiplier 2.0
atr period 100

the same for 5 min chart except `timeframe` needs to be changed to 5
  • #5,074
  • Jul 9, 2013 2:06am Jul 9, 2013 2:06am
Quoting tonny47
{quote} hi, only using default settings on 1min chart timeframe current time frame half length 20 price 0 atr multiplier 2.0 atr period 100 the same for 5 min chart except `timeframe` needs to be changed to 5
I downloaded the TMA indicator from the group of indicators presented in an early posting in this forum. The only variable settings it has in the inputs is Periods and Apply To. If yours is different could you please post it as I am very keen to evaluate this system. I have the rest of the template showing except the TMA's.
  • #5,075
  • Jul 9, 2013 2:15am Jul 9, 2013 2:15am
Quoting gregben
{quote} I downloaded the TMA indicator from the group of indicators presented in an early posting in this forum. The only variable settings it has in the inputs is Periods and Apply To. If yours is different could you please post it as I am very keen to evaluate this system. I have the rest of the template showing except the TMA's.
this should be the one
http://www.forexfactory.com/showthre...29#post6609629
  • #5,076
  • Jul 9, 2013 2:15am Jul 9, 2013 2:15am
Hi Greg

Some use TMA and others the nonrepainting TMA
Attached File(s)
File Type: mq4 !TMA True v2.mq4   8 KB | 497 downloads
File Type: mq4 TMA.mq4   8 KB | 321 downloads
  • #5,077
  • Jul 9, 2013 2:20am Jul 9, 2013 2:20am
Greg if you use the True TMA set the xi period to 20 and I think it should be good

For the 5min and 15min you will need to use TMA, but they will not repaint much
  • #5,078
  • Jul 9, 2013 2:56am Jul 9, 2013 2:56am
Quoting GilR
Greg if you use the True TMA set the xi period to 20 and I think it should be good For the 5min and 15min you will need to use TMA, but they will not repaint much
Thank you ,I will give it a go
  • #5,079
  • Jul 9, 2013 3:17am Jul 9, 2013 3:17am
Thank you to Tonny47 and GilR for your help. Now have chart up and running. Thanks again.
gregben
  • #5,080
  • Jul 9, 2013 8:15am Jul 9, 2013 8:15am
AU Long - out just inside the M5 TMA band for 12... could go farther, looks like that hourly triple/quadruple top might break. But Who knows, I'll take what I have
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud long 7.9.13.png Size: 112 KB
Click to Enlarge Name: aud long 7.9.13 result.png Size: 114 KB
Small disciplines repeated with consistency lead to great achievements.
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