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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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  • #5,621
  • Aug 5, 2013 10:18am Aug 5, 2013 10:18am
Quoting alright
{quote} Ok, thanks. And what's the green line? If it's the babon slope (like it seems to me) it certainly has different settings. You must also make a different use of it than what Fav suggests.
Sorry for the confusion. That is just a Moving Average. I don't use it for any purpose. I didn't even see it there while taking screenshots.
  • #5,622
  • Aug 6, 2013 1:27am Aug 6, 2013 1:27am
Hey Guys,Wake up!! money don't sleep!!!!
Success is nothing more than a few simple disciplines, practiced every day.
  • #5,623
  • Edited 2:53am Aug 6, 2013 1:29am | Edited 2:53am
Attachment I mad about the classics!!
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Success is nothing more than a few simple disciplines, practiced every day.
  • #5,624
  • Aug 6, 2013 1:43am Aug 6, 2013 1:43am
Quoting bose3
... Short Entry 1 - TMA 5 (Downtrend) 2 - Kijun-Sen ABOVE TMA 5 Median 3 - Price At or Above Kijun-Sen line OR between TMA 5 Median and Kijun-Sen line 4 - Enter Sell Stop Order 3-5 pips away from the price Attached is the statement and some screenshots...
I was just having a better look at your pictures. All of them match your rules except the 3rd one where you mark an entry with the kijun-sen line below the TMA5 median. Can you explain please? By the way, it would be nice to see more pictures if you don't mind.
Attached Image
  • #5,625
  • Aug 6, 2013 1:48am Aug 6, 2013 1:48am
Quoting Machinator
Hey Guys,Wake up!! money don't sleep!!!!
Hey David

I'm developing and testing something new as my location is affecting sleep and family. So I am trying to trade off HTF. This is my trade plan for today and I'm setting alarms and going to bed. I have an explorer opened to test this; so my charts may be completely different from you guys.

Shalom

George
Attached Image (click to enlarge)
Click to Enlarge Name: Trade Plan for 8062013 - 107 am 8062013.gif Size: 19 KB
Low Risk Low Stress High Reward High Probability Trades
  • #5,626
  • Aug 6, 2013 2:12am Aug 6, 2013 2:12am
The game is on but not taking the ACA & AN trades on the demo account as the spread is too high. Even GJ was 7 pip instead of 2 with Pepperstone. I should have opened a demo with Pepperstone instead, for lower spread.

I'm off to bed and see you folks later.

Shalom as always
Attached Image (click to enlarge)
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Low Risk Low Stress High Reward High Probability Trades
  • #5,627
  • Aug 6, 2013 2:45am Aug 6, 2013 2:45am
Quoting 919gilead
{quote} Hey David I'm developing and testing something new as my location is affecting sleep and family. So I am trying to trade off HTF. This is my trade plan for today and I'm setting alarms and going to bed. I have an explorer opened to test this; so my charts may be completely different from you guys. Shalom George {image}

Hi George!
Please,anyway keep posting your trades ,methods and analyzes ,they are very interesting and educational. Appreciate your any post here and in your blog.

Shalom
Success is nothing more than a few simple disciplines, practiced every day.
  • #5,628
  • Aug 6, 2013 3:15am Aug 6, 2013 3:15am
Quoting Machinator
{quote} Hi George! Please,anyway keep posting your trades ,methods and analyzes ,they are very interesting and educational. Appreciate your any post here and in your blog. Shalom
Shalom
Attached Image (click to enlarge)
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Low Risk Low Stress High Reward High Probability Trades
  • #5,629
  • Aug 6, 2013 3:43am Aug 6, 2013 3:43am
Quoting 919gilead
{quote} Hey David I'm developing and testing something new as my location is affecting sleep and family. So I am trying to trade off HTF. This is my trade plan for today and I'm setting alarms and going to bed. I have an explorer opened to test this; so my charts may be completely different from you guys. Shalom George {image}
First lesson from my test, stay away from currency pair(s) you think are in strong pullback and trade ONLY pair(s) that align with the MA Cloud setup. You will recollect I mentioned on the trade plan that no pair met my MA Cloud setup rules, and should have just abstained from trading but wanted to test the alternative.

GJ & AJ hit stop loss for a total of 63 pip loss, and even AU & GU are now down 8 & 10 pips respectively. They were demo trades and I'm trying to come up with the best trading style for "ME."

SL hit on live EU trade for 3 pips profit after touching R1 @ 3295 for what could have been a 16 pip profit. Another lesson - take partial profit @ pivot level. This EU long was an alternative trade that came up after preparing my trade plan and did not also meet my MA Cloud setup rules, and this was why SL was moved to BE as quickly as possible.

The test continues but going for a nap now.

Shalom
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Low Risk Low Stress High Reward High Probability Trades
  • #5,630
  • Aug 6, 2013 4:03am Aug 6, 2013 4:03am
I only trade TMA1 over TMA5 pattern. +10 pips on EU!
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  • #5,631
  • Aug 6, 2013 4:11am Aug 6, 2013 4:11am
Quoting bose3
Hello, I would like to share my results about this strategy. So far I had really good success and I would like to thank Fav, DNA and Igor for posting this. I have slightly modified the entry criteria but the core indicators are the same. I use only 2 indicators (TMA 5 and Kijun-Sen). As with all the scalpers, broker choice with super low spread, no slippage and the ability to modify the order (within 10 pips of market) is a must. First I tried with Pepperstone but it didn't generate impressive results but as soon as I changed broker to ICM, the...
Thanks for sharing, Fez. Do you use the standard settings for the Kijun; 9-26-52?
  • #5,632
  • Aug 6, 2013 5:34am Aug 6, 2013 5:34am
another +7 pips!
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  • #5,633
  • Edited 7:21am Aug 6, 2013 5:42am | Edited 7:21am
Quoting alright
{quote} I was just having a better look at your pictures. All of them match your rules except the 3rd one where you mark an entry with the kijun-sen line below the TMA5 median. Can you explain please? By the way, it would be nice to see more pictures if you don't mind. {image}

Since it was really close to the median line, I would have taken the trade. Here is another one I just took with tight stop while typing this.


***UPDATE*** SL of 8 pips hit on this trade

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Took a hedge trade on EU which hit TP (10 pips). If I would have waited few more seconds, I would have gotten 20 pips but decided not to get greedy.

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  • #5,634
  • Aug 6, 2013 5:42am Aug 6, 2013 5:42am
Quoting Kobiet
{quote} Thanks for sharing, Fez. Do you use the standard settings for the Kijun; 9-26-52?

The settings are 9, 40, 52
  • #5,635
  • Aug 6, 2013 6:23am Aug 6, 2013 6:23am
+7 pips on EJ
+23 pips on GJ
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  • #5,636
  • Aug 6, 2013 5:22pm Aug 6, 2013 5:22pm
Took this UJ short around 10 am PST (about an hour after Lndn close) and price turned against me as soon as I entered but since the MA Cloud setup remained intact, I remained in the trade. Price came close to my SL @ 97.84 when the Asian session opened, making a high of 97.808!!! You can see that I only escaped by a whiskers. Then I noticed price resuming the downtrend and was very excited but forgot that my PT1 was @ 97.50 and was hoping to enjoy the ride down. Then suddenly my trade disappeared from the chart - I screamed I missed 30 to 39 pips

Good trading to all

Shalom
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Trade 1a - 8062013.gif Size: 45 KB
Low Risk Low Stress High Reward High Probability Trades
  • #5,637
  • Aug 6, 2013 10:23pm Aug 6, 2013 10:23pm
My current trade plan as shown below but will be careful as the market has been very quiet and consolidating, with some pairs trading sideways. A huge break is coming, and I want to be ready. Going for a snooze with my alarms on and will be back for the US session if nothing triggers during the London session.

Anyway trade safe

Shalom
Attached Image (click to enlarge)
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Low Risk Low Stress High Reward High Probability Trades
  • #5,638
  • Aug 6, 2013 10:55pm Aug 6, 2013 10:55pm
First trade triggered and in 8 pip profit already
Attached Image (click to enlarge)
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Low Risk Low Stress High Reward High Probability Trades
  • #5,639
  • Aug 7, 2013 12:03am Aug 7, 2013 12:03am
Sorry if I am asking something that has been asked but I have looked. I down loaded the templates of which none have the TMA's on them. I have searched and don't seem to be able to find them.

Can you help me with this?
When I Buy Price Short, When I Sell Price Goes Long.
  • #5,640
  • Aug 7, 2013 1:22am Aug 7, 2013 1:22am
[quote=jcvmw;6874509 Can you help me with this?[/quote]yes,of course. Copy paste shared folders in your terminal main folder and answer ''yes'' on all questions.
And check timeframe for appropriate tpl.
That's all.

Good luck!
Attached File(s)
File Type: rar Babon Indicators.rar   86 KB | 774 downloads
Success is nothing more than a few simple disciplines, practiced every day.
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