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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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  • #5,341
  • Jul 15, 2013 11:43am Jul 15, 2013 11:43am
Quoting pgpb
{quote} Who is your broker that you get 0.3 pip spread! :-)

I work with Armada Markets from 9 months. I'm satisfied with them. They have lower spreads and commissions.
I seen that they don't work against me, I seen many cases when price come at 1,xxxx1 and my sell stop was at 1,xxxx0 and they not execute the trade. I can't say the same words about the other broker.
  • #5,342
  • Jul 15, 2013 11:52am Jul 15, 2013 11:52am
Quoting Flaviu1981
{quote} I work with Armada Markets from 9 months. I'm satisfied with them. They have lower spreads and commissions. I seen that they don't work against me, I seen many cases when price come at 1,xxxx1 and my sell stop was at 1,xxxx0 and they not execute the trade. I can't say the same words about the other broker.
Do you pay commissions at Armada?
Small disciplines repeated with consistency lead to great achievements.
  • #5,343
  • Jul 15, 2013 11:55am Jul 15, 2013 11:55am
Quoting jmflukeiii
{quote} Do you pay commissions at Armada?

Yes, 2 USD per 100 000 USD traded, side (0.0020% of the order size in base currency).
  • #5,344
  • Jul 15, 2013 12:06pm Jul 15, 2013 12:06pm
Quoting Flaviu1981
{quote} Yes, 2 USD per 100 000 USD traded, side (0.0020% of the order size in base currency).
So $20/million. Not bad at all - probably not available for US traders.
Small disciplines repeated with consistency lead to great achievements.
  • #5,345
  • Jul 15, 2013 6:10pm Jul 15, 2013 6:10pm
Easy 7.5 pip and just under 3% to account for getting up in morning

Reason to jump in was seeing at same time the slide on EIRUSD

When taking sensible trades during Asian session the risk is minimal.

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  • #5,346
  • Jul 15, 2013 6:31pm Jul 15, 2013 6:31pm
Quoting GilR
Easy 7.5 pip and just under 3% to account for getting up in morning Reason to jump in was seeing at same time the slide on EIRUSD When taking sensible trades during Asian session the risk is minimal. {image}
For me I now only need 5 more pips to make target 5% for the day.

We dont need to take every trade, but be selective and take the least risky. Chasing large numbers of pips on small accounts eventually will burn you out, especially on the 1 min chart.

At some point you will need a system that is reliable and trade with a good size account, say at least $5000 or $10000. Now 5% return, easily achievable becomes at worst a handy extra income
  • #5,347
  • Jul 15, 2013 6:45pm Jul 15, 2013 6:45pm
Done and dusted in less than 1 hour? What to do with the rest of a Queensland day -- where it is perfect on day, beautiful the nest

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  • #5,348
  • Jul 15, 2013 6:45pm Jul 15, 2013 6:45pm
Going on a 2-3 week vacation then will be back to trade and will be posting ALL my trades including losing ones

My goal will be 10% a day

Good luck to all and get dem pips!!!
  • #5,349
  • Jul 15, 2013 6:50pm Jul 15, 2013 6:50pm
Quoting dvanderlinde
Going on a 2-3 week vacation then will be back to trade and will be posting ALL my trades including losing ones My goal will be 10% a day Good luck to all and get dem pips!!!
Enjoy your summer break
  • #5,350
  • Jul 15, 2013 6:54pm Jul 15, 2013 6:54pm
Gil - nice images, but you sure know how to upset a wet, cold Victorian. Great trading too. A bit early for me and I'll see what TO brings.
  • #5,351
  • Jul 15, 2013 7:09pm Jul 15, 2013 7:09pm
Quoting orientos
Gil - nice images, but you sure know how to upset a wet, cold Victorian. Great trading too. A bit early for me and I'll see what TO brings.
Pics are actually true to today's weather, although it is clouding over.

Do you not trade Asian session?
  • #5,352
  • Jul 15, 2013 7:10pm Jul 15, 2013 7:10pm
Just to let some People know for Brokers with NO commisions and 0,8 SPREAD .

Alpari.de AND Active Trades .

I use active you get 0.8 spread on EUR/usd and usd/JPY . So for scalp its bomb .

I dont care what Broker you guys use but i only can LoL when i read 1.3 or 2 pips spread . There i allready made 10-20 bucks with my 0.8 !

But i scap with 1-3 Lots so for me 1pip is 10-30 Euro . For Long Term trades 0.8-3 pips is Not much differece . But for scalpers every 0.1 is alot of Money ...

ok only want to let you guys know cu
  • #5,353
  • Jul 15, 2013 7:16pm Jul 15, 2013 7:16pm
Quoting kPack
Just to let some People know for Brokers with NO commisions and 0,8 SPREAD . Alpari.de AND Active Trades . I use active you get 0.8 spread on EUR/usd and usd/JPY . So for scalp its bomb . I dont care what Broker you guys use but i only can LoL when i read 1.3 or 2 pips spread . There i allready made 10-20 bucks with my 0.8 ! But i scap with 1-3 Lots so for me 1pip is 10-30 Euro . For Long Term trades 0.8-3 pips is Not much differece . But for scalpers every 0.1 is alot of Money ... ok only want to let you guys know cu
That is why I use Pepperstone and opened an account with Excel markets.
  • #5,354
  • Jul 15, 2013 7:27pm Jul 15, 2013 7:27pm
Quoting GilR
{quote} That is why I use Pepperstone and opened an account with Excel markets.
But in Excel markets you have commisions roundtable Turn 5 usd in pro and in normal Account you have 1.3 spread . In active trades you have NO commision and 0.8 spread . So its a Lot of better or am i getting Something wrong ?
  • #5,355
  • Jul 15, 2013 7:38pm Jul 15, 2013 7:38pm
Quoting kPack
{quote} But in Excel markets you have commisions roundtable Turn 5 usd in pro and in normal Account you have 1.3 spread . In active trades you have NO commision and 0.8 spread . So its a Lot of better or am i getting Something wrong ?
Currently USDJPY is 0.4 spread plus 0.5 pip commission = 0.9. It is not 0.5 commission both ways
  • #5,356
  • Jul 15, 2013 7:42pm Jul 15, 2013 7:42pm
Also I think with trend scalping anything up to 1.2/3 pips is manageable

The plus using commission based account is that is a trading expense and so tax deductible On a larger account this has significant advantages
  • #5,357
  • Jul 15, 2013 8:29pm Jul 15, 2013 8:29pm
Quoting GilR
Also I think with trend scalping anything up to 1.2/3 pips is manageable The plus using commission based account is that is a trading expense and so tax deductible On a larger account this has significant advantages
Nice trading Gil- I'm sitting in traffic missing the money!

As for brokers I am mostly seeing .4 on UJ with ~.16 pips per side so I'm close despite being in the US!
Small disciplines repeated with consistency lead to great achievements.
  • #5,358
  • Jul 15, 2013 8:37pm Jul 15, 2013 8:37pm
Gil - how do you do your position sizing ? % of account? Fixed leverage amount ?
Small disciplines repeated with consistency lead to great achievements.
  • #5,359
  • Jul 15, 2013 9:34pm Jul 15, 2013 9:34pm
I calculate lot size on 8 pip stop and 3% risk. So each 8 pips gained is 3% to account
  • #5,360
  • Jul 15, 2013 9:57pm Jul 15, 2013 9:57pm
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