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Daytrading/scalping with high leverage - my proven strategy

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  • #5,321
  • Jul 15, 2013 8:53am Jul 15, 2013 8:53am
Quoting GilR
Anybody interested in a skype group, but messaging only? Must trade similar stratergy?
it would be good
  • #5,322
  • Jul 15, 2013 8:54am Jul 15, 2013 8:54am
Quoting dnabrasil
last trade for the day +6%, TP hit UJ is the best {image}
Great trade. Can you share what gave you the confidence to stay in the pullback (retrace)?
  • #5,323
  • Jul 15, 2013 8:55am Jul 15, 2013 8:55am
Quoting GilR
{quote} Hope you are not taken my pips! But this pair has been very good to me today and tonight!
UJ is always good to you! I am going to give it more focus on my monitors now for sure. Gil how much do you trade EU? I find that a majority of my EU signals have higher drawdown, and lower profits.
Small disciplines repeated with consistency lead to great achievements.
  • #5,324
  • Jul 15, 2013 8:57am Jul 15, 2013 8:57am
Anybody interested in a skype group please PM me for details. There is still much to develop and tweak so please, only those who want to help make this system better and more profitable.
  • #5,325
  • Jul 15, 2013 9:04am Jul 15, 2013 9:04am
Quoting jmflukeiii
{quote} UJ is always good to you! I am going to give it more focus on my monitors now for sure. Gil how much do you trade EU? I find that a majority of my EU signals have higher drawdown, and lower profits.
I have tried trading two and even three pairs, but have found that I really cannot keep up with it as a scalper. The 1min chart on a live account is tough going even for the best traders. And guys, it is good to have a rest between trades waiting for the next setup

So I have found that the UJ works well for me. Even thou it mimics the EJ it seems smoother to me. Not many long tales etc. Pip wise they are the same .

The Euro does not have the same daily range on average so why bother with it. The EJ & UJ usually have similar daily ranges
  • #5,326
  • Jul 15, 2013 9:05am Jul 15, 2013 9:05am
Quoting GilR
{quote} Great trade. Can you share what gave you the confidence to stay in the pullback (retrace)?
price under kumo,
tma 5 sloping down
35 sma broken and pointing down
pin bar closing under "red support"

a lot of probabilities in my favour
  • #5,327
  • Jul 15, 2013 9:08am Jul 15, 2013 9:08am
Quoting GilR
{quote} I have tried trading two and even three pairs, but have found that I really cannot keep up with it as a scalper. The 1min chart on a live account is tough going even for the best traders. And guys, it is good to have a rest between trades waiting for the next setup So I have found that the UJ works well for me. Even thou it mimics the EJ it seems smoother to me. Not many long tales etc. Pip wise they are the same . The Euro does not have the same daily range on average so why bother with it. The EJ & UJ usually have similar daily...
Thanks Gil - I have been watching 4 markets, but find that I might miss good setups on some, and take crappy setups on others, etc... Plus I feel like there's just way too much going on! So I'm down to 2, EU because I know it very well, and UJ, everyone's favorite. EJ is very staccato - abrupt jumps and then hours of nothing. Plus the spread is typically about 2-2.5 times that of UJ.... so like you say, I guess why bother with that. AU just trends so well sometimes, and for me the spread is barely higher than EU so its hard to push that aside.
Small disciplines repeated with consistency lead to great achievements.
  • #5,328
  • Jul 15, 2013 9:11am Jul 15, 2013 9:11am
Quoting dnabrasil
{quote} price under kumo, tma 5 sloping down 35 sma broken and pointing down pin bar closing under "red support" a lot of probabilities in my favour
That is the hardest thing sometimes is to risk pips in the retrace for a larger gain.
  • #5,329
  • Jul 15, 2013 9:20am Jul 15, 2013 9:20am
Quoting jmflukeiii
{quote} Thanks Gil - I have been watching 4 markets, but find that I might miss good setups on some, and take crappy setups on others, etc... Plus I feel like there's just way too much going on! So I'm down to 2, EU because I know it very well, and UJ, everyone's favorite. EJ is very staccato - abrupt jumps and then hours of nothing. Plus the spread is typically about 2-2.5 times that of UJ.... so like you say, I guess why bother with that. AU just trends so well sometimes, and for me the spread is barely higher than EU so its hard to push that...
I only trade the AU when its parity or above. All other times it depresses me
  • #5,330
  • Jul 15, 2013 9:30am Jul 15, 2013 9:30am
Quoting GilR
{quote} I only trade the AU when its parity or above. All other times it depresses me
Lol... if I trade it, I'll only buy then to try to push it up for you, one lot at a time
Small disciplines repeated with consistency lead to great achievements.
  • #5,331
  • Jul 15, 2013 9:33am Jul 15, 2013 9:33am
This is my trade on the EU. Thank you boys!!!
I enter a little late, but I'm satisfied with the result! +5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.armm1.png Size: 45 KB
  • #5,332
  • Jul 15, 2013 9:35am Jul 15, 2013 9:35am
Quoting Flaviu1981
This is my trade on the EU. Thank you boys!!! {image}
Congrats
  • #5,333
  • Jul 15, 2013 10:01am Jul 15, 2013 10:01am
trying to mke it more simple, with only ichimoku kijun and kumo, and tma 15..

two trades: 2% each (it would be enough as a daily target)

Attached Image (click to enlarge)
Click to Enlarge Name: 9473a28ef396ea652d021a0d19f49728.png Size: 64 KB


1st: price hit 15tma and bounce from it making HL

2nd: price bouncing from kumo, kijun, entered when price re hit broken red support (i was late, but seeing price making this pin was a good sign)
  • #5,334
  • Jul 15, 2013 10:07am Jul 15, 2013 10:07am
live trade

Attached Image (click to enlarge)
Click to Enlarge Name: da9efc8826a02f11f493bd1207e41789.png Size: 68 KB


price could not brake last high and reject kijun
  • #5,335
  • Jul 15, 2013 10:37am Jul 15, 2013 10:37am
Quoting dnabrasil
live trade {image} price could not brake last high and reject kijun
I'm confused - what is the black line and what is the yellow line?
Small disciplines repeated with consistency lead to great achievements.
  • #5,336
  • Jul 15, 2013 10:47am Jul 15, 2013 10:47am
Quoting jmflukeiii
{quote} I'm confused - what is the black line and what is the yellow line?
tenkan and kijun..

but seems that tmas are better
  • #5,337
  • Jul 15, 2013 10:54am Jul 15, 2013 10:54am
First attempt at posting a chart
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.1.jpg Size: 495 KB
  • #5,338
  • Jul 15, 2013 10:58am Jul 15, 2013 10:58am
Quoting Flaviu1981
This is my trade on the EU. Thank you boys!!! I enter a little late, but I'm satisfied with the result! +5 pips {image}

Who is your broker that you get 0.3 pip spread!

:-)
  • #5,339
  • Jul 15, 2013 11:03am Jul 15, 2013 11:03am
Quoting pgpb
{quote} Who is your broker that you get 0.3 pip spread! :-)
I found the answer to my question by skimming through your previous posts.

"Armada and Admiral"
  • #5,340
  • Jul 15, 2013 11:10am Jul 15, 2013 11:10am
Alpari UK.... spread shows 1.8 pips. This is a demo and I use the MT4 platform for signals, I have and account with a spread betting company here in the UK
which I will use to trade. Their USD/JPY spread is about 1.2pips but is not a MT4 platform so can't use these indicators (which I like) also income is free of tax
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