Hello Everyone.
Somebody can point me the page for the rules of Favorite's system?
Thanks in advance
Somebody can point me the page for the rules of Favorite's system?
Thanks in advance
Daytrading/scalping with high leverage - my proven strategy
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{quote} This is still a scalping system...no?
Since this has had a chance to play out now, I noticed that there was some support coming in at the TMA H1 bottom line, so I closed my short position instead of waiting for the double breakout pattern referenced in Favorite's post 2,326. Good thing, too, since USDJPY decided to reverse 100 pips today and cross the TMA H1 upper line without hardly a flinch at the TMA H4 center line, only to drop another 80 pips.
Has anyone else had success with USDJPY using the Babon-A, Babon-B, and Babon-H1 templates? Any pitfalls or special cases to watch out for when using this system with the pair? I haven't read all 276 pages of this thread yet, but I plan to go through them this week/weekend. Any constructive input would be appreciated.
Thanks!
- #5,515
- Jul 24, 2013 1:44am Jul 24, 2013 1:44am
{quote} Yes, it is still a scalping system; thank you for confirming. Since this has had a chance to play out now, I noticed that there was some support coming in at the TMA H1 bottom line, so I closed my short position instead of waiting for the double breakout pattern referenced in Favorite's post 2,326. Good thing, too, since USDJPY decided to reverse 100 pips today and cross the TMA H1 upper line without hardly a flinch at the TMA H4 center line, only to drop another 80 pips. Has anyone else had success with USDJPY using the Babon-A, Babon-B,...
(PA cross with TMA H1/H4 or even better H1+H4 may give you nice entrys 
...for medium term )The system is working fine on EU, GU, EJ, UJ. Same rules, same game...(with minnor diff on SL based on diff of spread)
Look like a girl, act like a lady, think like a man and work like a dog.
- #5,516
- Jul 24, 2013 1:54am Jul 24, 2013 1:54am
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
UJ long for about 8 pips, using another system 
Low Risk Low Stress High Reward High Probability Trades
- #5,517
- Jul 24, 2013 2:11am Jul 24, 2013 2:11am
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
Long GJ but watching reaction @ the pivot level. Price just broke it to the upside
Low Risk Low Stress High Reward High Probability Trades
Long GJ but watching reaction @ the pivot level. Price just broke it to the upside
I took a CT for +6.7 pips
Was outside TMA 5 and 15 and it bounced off yesterdays high
- #5,519
- Jul 24, 2013 2:48am Jul 24, 2013 2:48am
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
{quote} I like new systems! wanna share? I took a CT for +6.7 pips Was outside TMA 5 and 15 and it bounced off yesterdays high {image}
Was watching YH as the next target if R1 was broken.The system is just a simple MA crossover using the MA Ribbon. I alternate between 20/63 and 20/72 EMA of close; and also use 20 and 200 MA Channel of high and low. It is just to prove that all system works - patience and discipline; and playing by the rules of our system is the key. As always PA is king no matter the system you use.
I'm off to bed as I've made my pips for the day.
Good trading folks
NB
Thot I was done for the day when Aussie provided another shorting opportunity which I did not miss. It was a quick one and I'm done now
Low Risk Low Stress High Reward High Probability Trades
