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Daytrading/scalping with high leverage - my proven strategy

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  • #5,141
  • Jul 10, 2013 10:42pm Jul 10, 2013 10:42pm
Another perfect trade just completed on EURUSD - 8 pips and 3% in a blink!
  • #5,142
  • Jul 10, 2013 10:45pm Jul 10, 2013 10:45pm
Quoting GilR
{quote} Being a scalper - spread is key! So I generally stay with USDJPY and EURUSD. I am looking at changing brokers from Pepperstone to Excel Markets who give even tighter spreads and then I could consider EJ. As I trade mainly Asian session the first two work well. I will try your slope indi
Yeah that indicator might be a little much, but just a thought. I found another indicator I liked, which was distance to the TMA band. Unforunately its not a source file so I can't change it (its set at W1 and D1, and that can't be changed). I'd really like it to tell me the distance to the M5 band, and also maybe another indi that shows arrows for the direction of the M1 and M5 tma's, i.e. in the right margin, two green arrows if both M5 and M1 TMAs are up. Maybe even a third arrow for M15.

I uploaded the D1 distance indi, not that it does any good because we can't modify it, but just to show what I'm talking about.
Attached File(s)
File Type: ex4 ExtremTMA D1 Dist2BandsLarge.ex4   8 KB | 305 downloads
Small disciplines repeated with consistency lead to great achievements.
  • #5,143
  • Jul 10, 2013 10:46pm Jul 10, 2013 10:46pm
Quoting GilR
Another perfect trade just completed on EURUSD - 8 pips and 3% in a blink!
Hell yeah, nice trade. Man, Asian session seems to be where its at lately. Usually this time I'm not around... the NY session to London close is my usual time.
Small disciplines repeated with consistency lead to great achievements.
  • #5,144
  • Jul 10, 2013 10:51pm Jul 10, 2013 10:51pm
Quoting jmflukeiii
{quote} Hell yeah, nice trade. Man, Asian session seems to be where its at lately. Usually this time I'm not around... the NY session to London close is my usual time.
Asian session can be more predictable than London session I have found and not as volatile!
  • #5,145
  • Jul 10, 2013 10:56pm Jul 10, 2013 10:56pm
GilR..........What's the best hours to trade the Aussie/Japanese markets? As I live in the UK I try to catch the London or early US sessions
but quite often I miss out but get a chance to trade later on.

jmflukeiii..... Would it be possible for you to share your fractal indicator? Mine prints diamonds, but I would prefer them to be smaller - yours
looks more subtle.

Thanks guys
  • #5,146
  • Jul 10, 2013 10:59pm Jul 10, 2013 10:59pm
Quoting scalpip
GilR..........What's the best hours to trade the Aussie/Japanese markets? As I live in the UK I try to catch the London or early US sessions but quite often I miss out but get a chance to trade later on. jmflukeiii..... Would it be possible for you to share your fractal indicator? Mine prints diamonds, but I would prefer them to be smaller - yours looks more subtle. Thanks guys
Sure I found it on the 123 Reversal Thread - I think it may have been posted here before, but here you go:
Attached File(s)
File Type: ex4 123PatternsV6.ex4   12 KB | 357 downloads
Small disciplines repeated with consistency lead to great achievements.
  • #5,147
  • Jul 10, 2013 11:13pm Jul 10, 2013 11:13pm
One last toy for the night (my night) - I modified the Extreme TMA info panel so it is more of a Scalper's TMA Panel displaying a number of things, but for me, it shows the size and slope of the M1, M5, M15, M30, and H1 time frame TMAs (all customizeable). Hardly any credit should go to me for this, I just changed the time frames. Also to note - I'm pretty sure its info is derived from the repainting TMAs.

If anybody could please please add arrows for each of these time frames I would really appreciate it - i.e. up green arrow for slope up, down red arrow for slope down for each time frame, next to each time frame's text. Perhaps a BIG red arrow would display if two of the time frame's lined up (i.e. M1 and M5 are both down)... that would be freaking awesome.
Attached Image (click to enlarge)
Click to Enlarge Name: tma panel.gif Size: 41 KB
Attached File(s)
File Type: mq4 Scalper's TMA Panel.mq4   26 KB | 403 downloads
Small disciplines repeated with consistency lead to great achievements.
  • #5,148
  • Jul 10, 2013 11:17pm Jul 10, 2013 11:17pm
Quoting scalpip
GilR..........What's the best hours to trade the Aussie/Japanese markets? As I live in the UK I try to catch the London or early US sessions but quite often I miss out but get a chance to trade later on. jmflukeiii..... Would it be possible for you to share your fractal indicator? Mine prints diamonds, but I would prefer them to be smaller - yours looks more subtle. Thanks guys
I start looking from Tokyo open which is 9am here in Brisbane. I usually wait a little until I see the spreads have settled. It can get quiet in the afternoon and fire up again about 1 hour before London open.

Today is not the norm!
  • #5,149
  • Jul 11, 2013 12:07am Jul 11, 2013 12:07am
Has gone really well today

Attached Image (click to enlarge)
Click to Enlarge Name: 11-07-2013 15-04-41.jpg Size: 140 KB
  • #5,150
  • Jul 11, 2013 1:01am Jul 11, 2013 1:01am
Hi Gil. That's about the same hours I trade. Start at Tokyo open for about 1-2 hours and then crank up again at Frankfurt Open for 2/3 hours max.

However I must admit that I am re-evaluating even trading the Asian session. Some days it is just soooo slow.
  • #5,151
  • Jul 11, 2013 1:29am Jul 11, 2013 1:29am
+16 +19

+10% so far today
Attached Image
  • #5,152
  • Jul 11, 2013 1:34am Jul 11, 2013 1:34am
Quoting dvanderlinde
+16 +19 +10% so far today {image}
Today has been a good day from USA news this morning which gave the EURO a good leg up
  • #5,153
  • Jul 11, 2013 1:41am Jul 11, 2013 1:41am
I took that same trade for +23. Nice pips for a scalper.
  • #5,154
  • Jul 11, 2013 1:45am Jul 11, 2013 1:45am
Two perfect opposite trades on EURUSD and USDJPY
  • #5,155
  • Jul 11, 2013 1:47am Jul 11, 2013 1:47am
Quoting orientos
I took that same trade for +23. Nice pips for a scalper.
Ha

These days are the scalpers cream!
  • #5,156
  • Jul 11, 2013 1:49am Jul 11, 2013 1:49am
Quoting orientos
I took that same trade for +23. Nice pips for a scalper.
Pity its not like this everyday!
  • #5,157
  • Jul 11, 2013 1:56am Jul 11, 2013 1:56am
And a bunch more pips of EURUSD and USDJPY went of as well -- its hard to keep up : to much stress
  • #5,158
  • Jul 11, 2013 2:13am Jul 11, 2013 2:13am
+21
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  • #5,159
  • Jul 11, 2013 2:14am Jul 11, 2013 2:14am
+13
Attached Image
  • #5,160
  • Jul 11, 2013 2:19am Jul 11, 2013 2:19am
We need some LOSING trades posted --- these winners are becoming boring and "hohum"

My observation today is to be careful taking trades if the Kijun is still going in opposite direction as example below.

Anybody else got any good feedback that could help the winners and starve the losers?

Attached Image (click to enlarge)
Click to Enlarge Name: 11-07-2013 17-11-42.jpg Size: 192 KB
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