Daytrading/scalping with high leverage - my proven strategy | Page 259 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daytrading/Scalping in Crypto markets 357 replies

Dashboard EA based on Daytrading/scalping with high leverage 103 replies

A Proven Simple Strategy (2MAs, 1 RSI) 436 replies

Looking for proven scalping strategy to program 1 reply

Share Something Proven - Scalping Method Please 10 replies

Attachments: Daytrading/scalping with high leverage - my proven strategy
Exit Attachments

Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
  • Trader:
  • Broker:
  • Type:
This Trade Explorer is no longer publicly available.
  • #5,161
  • Jul 11, 2013 2:30am Jul 11, 2013 2:30am
GilR

I am just down the road on the Gold Coast. Will send you a PM.
Gregben
  • #5,162
  • Jul 11, 2013 2:34am Jul 11, 2013 2:34am
Quoting gregben
GilR I am just down the road on the Gold Coast. Will send you a PM. Gregben
Small world - Sunshine Coast where it is beautiful one day, perfect the next
  • #5,163
  • Jul 11, 2013 3:07am Jul 11, 2013 3:07am
Can somebody please explain why this was not a good trade entry point? When i entered the TMA m5 was still heading down.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 21 KB
  • #5,164
  • Jul 11, 2013 3:07am Jul 11, 2013 3:07am
......and here I am stuck in rural Victoria. Still, 10 days in Bali coming up pretty soon. Good point about the slope of the Kijun line. I'll keep an eye on that. Thanks.
  • #5,165
  • Jul 11, 2013 3:17am Jul 11, 2013 3:17am
Quoting surfac
Can somebody please explain why this was not a good trade entry point? When i entered the TMA m5 was still heading down. {image}
Will try

To go short it is good that the TMA1 is curved downward. In your case the TMA1 is actually curving upward as the slope is decreasing giving a signal of the possible continuation of current small trend

Attached Image (click to enlarge)
Click to Enlarge Name: 11-07-2013 18-09-10.jpg Size: 129 KB
  • #5,166
  • Jul 11, 2013 3:21am Jul 11, 2013 3:21am
Quoting surfac
Can somebody please explain why this was not a good trade entry point? When i entered the TMA m5 was still heading down. {image}


At least one reason is this.

David.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 11.46.PNG Size: 68 KB
Click to Enlarge Name: TMA H4 center line.PNG Size: 892 KB
Success is nothing more than a few simple disciplines, practiced every day.
  • #5,167
  • Jul 11, 2013 3:21am Jul 11, 2013 3:21am
Surfac - my TmaSlopeTrue while still red, was starting to slope upwards. More importantly, just look to the left of your chart (and the M5 too) The PA is virtually untradeable. Just be very careful with this sort of messy PA. And of course, there will always be some losses. Just keep them small to preserve capital. Just my take of this entry.
  • #5,168
  • Jul 11, 2013 3:28am Jul 11, 2013 3:28am
Quoting surfac
Can somebody please explain why this was not a good trade entry point? When i entered the TMA m5 was still heading down. {image}
Here is another way of explaining what I am saying

Attached Image (click to enlarge)
Click to Enlarge Name: 11-07-2013 18-21-38.jpg Size: 237 KB
  • #5,169
  • Jul 11, 2013 3:33am Jul 11, 2013 3:33am
I suppose David's point would depend on what trading style surfac trades.

We have different type traders trying to trade a similar system. For me I only look at a 1 min chart and zoomed up. I dont care what happened an hour ago
  • #5,170
  • Jul 11, 2013 3:46am Jul 11, 2013 3:46am
Tonight going to try out the Kiwi broker Excel Markets -- but on demo

They have very good spreads on EJ
  • #5,171
  • Jul 11, 2013 3:51am Jul 11, 2013 3:51am
Guys thanks for the feedback, much appreciate it!! I guess I still have a lot to learn to become consistantly profitable
  • #5,172
  • Jul 11, 2013 3:53am Jul 11, 2013 3:53am
Anybody catch EJ 5 mins ago with a few pips in the bank?
  • #5,173
  • Jul 11, 2013 3:54am Jul 11, 2013 3:54am
Quoting orientos
......and here I am stuck in rural Victoria. Still, 10 days in Bali coming up pretty soon. Good point about the slope of the Kijun line. I'll keep an eye on that. Thanks.
Sounds COLD!
  • #5,174
  • Jul 11, 2013 7:22am Jul 11, 2013 7:22am
Ok I am getting really frustrated now, what did i do wrong now......

-the tma m5 was up
-the tma m15 was up
-the tma m1 was up
-baboon slope turned blue and the second candle closed
-the price was above cloud

can somebody tell me what I did wrong, this is making no sense to me anymore

thanks for your help!

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 20 KB
  • #5,175
  • Jul 11, 2013 7:40am Jul 11, 2013 7:40am
Quoting surfac
Ok I am getting really frustrated now, what did i do wrong now...... -the tma m5 was up -the tma m15 was up -the tma m1 was up -baboon slope turned blue and the second candle closed -the price was above cloud can somebody tell me what I did wrong, this is making no sense to me anymore thanks for your help! {image}

For me it looks more like a ranging market that an uptrend.
My name is Martin... Martin Gale
  • #5,176
  • Jul 11, 2013 7:42am Jul 11, 2013 7:42am
Quoting surfac
Ok I am getting really frustrated now, what did i do wrong now...... -the tma m5 was up -the tma m15 was up -the tma m1 was up -baboon slope turned blue and the second candle closed -the price was above cloud can somebody tell me what I did wrong, this is making no sense to me anymore thanks for your help! {image}
Wrong BAR

Attached Image (click to enlarge)
Click to Enlarge Name: 11-07-2013 22-39-23.jpg Size: 147 KB
  • #5,177
  • Jul 11, 2013 7:52am Jul 11, 2013 7:52am
When learning these differing systems (Not sure how many we have now) use an easier pair to trade and learn

If you follow my system use USDJPY and EURUSD. They are "smoother" and the spread is much kinder.
  • #5,178
  • Jul 11, 2013 7:58am Jul 11, 2013 7:58am
Quoting condor666
{quote} For me it looks more like a ranging market that an uptrend.
???
  • #5,179
  • Jul 11, 2013 8:06am Jul 11, 2013 8:06am
Quoting GilR
When learning these differing systems (Not sure how many we have now) use an easier pair to trade and learn If you follow my system use USDJPY and EURUSD. They are "smoother" and the spread is much kinder.
Howd the rest of your session go? You must be up a hefty percentage by now!

Gil am I correct in assuming that you would not take a trade if the TMA M1 was sloping up, but the M5 was sloping down? Or do you mainly just look at the M5 for the direction?
Small disciplines repeated with consistency lead to great achievements.
  • #5,180
  • Jul 11, 2013 8:19am Jul 11, 2013 8:19am
Quoting jmflukeiii
{quote} Howd the rest of your session go? You must be up a hefty percentage by now!
Hi

Was a very good Asian session. It not really about huge %, but becoming consistent so you average you daily %. If you get hooked on hefty% where is the lifestyle?

So yes when learning we must put in chart time with the goal of becoming very "choosy" selecting on best setups to trade our daily goal

Many moons ago I wrote an article on MM which some rubbished. But I still stand by it.

Tonight or London session I have been trying out Excel Markets and keeping an eye on the cricket.

But there have been some great trades on the Euro, especially just after the news a short that was perfect

Gil
1 trader viewing now