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Daytrading/scalping with high leverage - my proven strategy

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  • #5,741
  • Aug 27, 2013 1:36am Aug 27, 2013 1:36am
After a little vacation hi All..
Really great start of the day!
Eur/Jpy and Aud/Usd short in total 57 pips.

Successful week to all of us,guys!

David.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 9.08.PNG Size: 70 KB
Click to Enlarge Name: 9.52.PNG Size: 70 KB
Success is nothing more than a few simple disciplines, practiced every day.
  • #5,742
  • Aug 27, 2013 2:58am Aug 27, 2013 2:58am
Quoting Machinator
After a little vacation hi All.. Really great start of the day! Eur/Jpy and Aud/Usd short in total 57 pips. Successful week to all of us,guys! David. {image} {image}
Good trading

I've been all over the map too smiling to the bank with shorts in AUDJPY; GBPJPY and GBPCAD
Low Risk Low Stress High Reward High Probability Trades
  • #5,743
  • Aug 27, 2013 3:03am Aug 27, 2013 3:03am
Quoting jsf
Hi George Glad you find the BH useful, but like all indis it is useless when price is ranging, trade well !
Hi JSF:

Just wanted to thank you again for the BHE indy - it is the best indicator I have ever come across. I trust you're putting it to good use too.

Shalom and off to bed
Low Risk Low Stress High Reward High Probability Trades
  • #5,744
  • Aug 27, 2013 3:28am Aug 27, 2013 3:28am
Yes looks a good indi - be better still if it had an alert.
  • #5,745
  • Aug 27, 2013 4:12am Aug 27, 2013 4:12am
Hi,

I'm doing something wrong. Please look at the two screenshots. Just by scrolling in the chart the 2 BH indicators are moving towards each other.

Does anyone else have this problem?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 205 KB
Click to Enlarge Name: 2.jpg Size: 174 KB
  • #5,746
  • Aug 27, 2013 4:58am Aug 27, 2013 4:58am
Quoting nadar
Hi, I'm doing something wrong. Please look at the two screenshots. Just by scrolling in the chart the 2 BH indicators are moving towards each other. Does anyone else have this problem? {image} {image}

Hi Nadar:

I was going to sleep when I saw another GU short opportunity I could not resist

You're not doing anything wrong and your chart is okay. Just play around with the indicator but know that it cannot be used in isolation. I also use the Stochastic indy as additional confirmation of my trades. See the attached EJ chart, and I have highlighted the crosses you circled on your chart in white with the way I analysis and look at price action on my chart. EJ was not the best choice as the Currency Strength Meter shows the AUD & NZD were the weak currencies with JPY, USD, CHF & EUR as the strong ones. GBP was initially strong but later turned weak towards the end of the Asian session. So if you match the strong against the weak currencies and review the charts of these pairs, you probably will find something more fascinating about the BHE indicator. And that's the home work each trader has to do.

Good trading, and I'm off to bed now, and closing for the day.

Shalom
Attached Image (click to enlarge)
Click to Enlarge Name: EJ Analysis.gif Size: 90 KB
Low Risk Low Stress High Reward High Probability Trades
  • #5,747
  • Aug 27, 2013 5:18am Aug 27, 2013 5:18am
Quoting 919gilead
{quote} Hi Nadar: I was going to sleep when I saw another GU short opportunity I could not resist You're not doing anything wrong and your chart is okay. Just play around with the indicator but know that it cannot be used in isolation. I also use the Stochastic indy as additional confirmation of my trades. See the attached EJ chart, and I have highlighted the crosses you circled on your chart in white with the way I analysis and look at price action on my chart. EJ was not the best choice as the Currency Strength Meter shows the AUD & NZD...
Thanks for the info.

Can you please upload your template. I would like to have the MA cloud on my charts to.

Thanks agagin
  • #5,748
  • Aug 27, 2013 5:31am Aug 27, 2013 5:31am
Quoting nadar
{quote} Thanks for the info. Can you please upload your template. I would like to have the MA cloud on my charts to. Thanks agagin
Sorry I can't upload the template as I explained several times here - I did not sign into my computer as administrator when I created my templates and therefore none is transferable even within my own MT4 platforms. You can search this thread for the MA Ribbon and see the various settings we all play with, and the indy can be download here too. You need to try different MA combinations that fit the TF of your choice and see that price action is contained within the MA Cloud at least intra day and that's all the filter you need.

Finally off now

Good trading
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  • #5,749
  • Aug 27, 2013 5:55am Aug 27, 2013 5:55am
I've noticed the BH indi is very similar to TDI which has alerts.
  • #5,750
  • Edited 6:13am Aug 27, 2013 6:02am | Edited 6:13am
Just a quick gift to all before I call it a day:

There is another way I identify and trade the intra day trend - I look for the peaks and troughs associated with the MA Cloud and draw horizontal lines across both. I also highlight the price swings associated with these P & T since the MA Cloud will always lag price. I then wait for price to show its hand by breaking in one direction with BHE and my other indicators' confirmation.

See the attached NJ chart:

  1. I id'd the peak of the MA Cloud with the swing high @ 77.588
  2. Did the same for the trough with the swing low @ 77.00
  3. I do this before the start of the Asian session and my entry price will be the break of the swing point, with first entry @ 77.00
  4. Again see how the BHE indy hints of pullback with divgce and price going to re-test exactly (to the T) the swing low of the last session for another short opportunity that would have netted about 80+ pips if one saw it. Look at all the JPY pairs and you will find similar pattern

We have to learn to pray for divine inspiration and think and trade outside the box and do unconventional things. I hope I gave you folks something to think about, that will enhance your trading and trust someone will be blessed. This is the result of praying for divine inspiration, taking screen shots of the chart every hour and later every 15 minutes to see how price and the indicators behave (including the CSM which will only work in a live situation and not with a simulator) under different market conditions. Do your home work, and you will see more on the charts.

Good night, and God bless

Shalom

George

Attached Image (click to enlarge)
Click to Enlarge Name: NJ Analysis.gif Size: 75 KB
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  • #5,751
  • Aug 27, 2013 6:32am Aug 27, 2013 6:32am
Two other quick examples of using the peak & trough of your MA to identify the probable intra day trend
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EU Chart1 - 8272013.gif Size: 69 KB
Click to Enlarge Name: EU Chart2 - 8272013.gif Size: 67 KB
Low Risk Low Stress High Reward High Probability Trades
  • #5,752
  • Aug 27, 2013 6:42am Aug 27, 2013 6:42am
Quoting jsf
Two quick counter trades {image}
@jsf

How are your bands set please ?
Really like the look of it.

makes sense to me.

regards
  • #5,753
  • Aug 27, 2013 7:04am Aug 27, 2013 7:04am
GJ broke support for another nice short and finally going to nap and shutting down for the day
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  • #5,754
  • Aug 27, 2013 7:31am Aug 27, 2013 7:31am
Quoting Machinator
{quote} Hi jmflukeiii,everything is great,but anyway in your place I wouldn't take such kind of dubious counter trend positions,in fact previous downtrend was really strong. Take care. David.
Obviously it wasn't a strong downtrend David, as it completely reversed.

And what is it that people don't understand about risk - it is the same whether you take a counter or with trend trades, if you plan your trades. Every trade can either go for you or go against you. And a stop is a stop, and at least with the counter trend trade you have a logical place to put the stop that is much tighter than breakout trading.
Small disciplines repeated with consistency lead to great achievements.
  • #5,755
  • Aug 27, 2013 9:18am Aug 27, 2013 9:18am
My result for today for about 4 hours of trading more than $400.
Attached Image (click to enlarge)
Click to Enlarge Name: babon.JPG Size: 180 KB
  • #5,756
  • Aug 27, 2013 9:36am Aug 27, 2013 9:36am
Quoting srt
{quote} Under the "Navigator" column(left of chart window), >>scripts>>move curser over script you want to set a "hot key">>right click>>set hot key>>choose "Alt" or "Ctrl" key for 1st column then pick a letter or number for 2nd column>>then click "Set"
ok srt yes i search and learn how but is good for your post somore can see it and is good to learn this i think. thx!
  • #5,757
  • Aug 27, 2013 10:31am Aug 27, 2013 10:31am
Quoting jonjon
{quote} @jsf How are your bands set please ? Really like the look of it. makes sense to me. regards

TMATrue xp (15,20,2)
TMATrue xp (5,20,2.5)
TmaTrue with distancesxx (5,20,2)
Attached File(s)
File Type: mq4 TmaTrue with Distancesxx.mq4   10 KB | 481 downloads
When all conditions are met - Enter trade - sit back and FRET !!!
  • #5,758
  • Aug 27, 2013 10:36am Aug 27, 2013 10:36am
Quoting 919gilead
{quote} Hi JSF: Just wanted to thank you again for the BHE indy - it is the best indicator I have ever come across. I trust you're putting it to good use too. Shalom and off to bed
George

Glad you like it, I am not having as much success as I would like though.

Thanks for your continuous efforts to bring us laggards up to speed, you are very kind and helpful, much appreciated !!!
When all conditions are met - Enter trade - sit back and FRET !!!
  • #5,759
  • Aug 27, 2013 11:18am Aug 27, 2013 11:18am
Quoting jsf
{quote} TMATrue xp (15,20,2) TMATrue xp (5,20,2.5) TmaTrue with distancesxx (5,20,2) {file}
Many thanks

the bh also is very effective thanks for that too.

Blessings
  • #5,760
  • Edited 12:15pm Aug 27, 2013 12:01pm | Edited 12:15pm
Quoting mario777
My result for today for about 4 hours of trading more than $400. {image}

Congratulations Mario!!!
What method do you used? There are many methods here.
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