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Daytrading/scalping with high leverage - my proven strategy

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  • #5,761
  • Aug 27, 2013 11:48am Aug 27, 2013 11:48am
I have added a ZERO line for every BHe line with corresponding colour, it may prove beneficial for judging the strength and direction of the price action.

Trade well (preferably better than me)
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When all conditions are met - Enter trade - sit back and FRET !!!
  • #5,762
  • Aug 27, 2013 11:56am Aug 27, 2013 11:56am
Quoting jsf
{quote} 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 !!!
JSF:

Maybe the indicator is meant just for me

Like Favorite identified the TMA M1 Beyond the Cloud, there is also a sure pattern you can always look for on the BNE -

  1. You get a BHE line cross @ A, which could be an advance notice of trend change or pullback, and you start to watch what price will do;
  2. I will wait for the pullback and possibly trend continuation with a BHE line cross,
  3. If no BHE line cross on trend continuation, then no trade. This is where I get a slight confirmation or hint of probable trend change and start watching for cross above my MA Cloud. You can use any MA or combination of MAs to form a cloud like I do. You can see how price tried to continue the downtrend but BHE lines never crossed @ B. This will keep me away from going short;
  4. If you look @ post 5755, you will notice this BHE cross on the EU chart I posted well before US open.
  5. I will enter @ C - I always wait for candle break above the MA, then enter few pips above that candle, with SL below the setup candle but not more than 20 pips
  6. My PT1 would have been a retest of the high posted during the Asian session. The momentum however would have alerted me to price probably going beyond that high, especially since I would have moved my SL to BE + some few pips.

I did not take the trade as I was already in bed but did notice the BHE line cross as I pointed out above, and of course, it took another 49 5 minute candles for the trade to setup - that`s about 4 hours and you don`t need to sit watching the chart. This is the kind of trades I like to take. No stress and you just set alert on the MA line in case price gets there. I had similar pattern on the AU but when the alert sounded, I noticed divergence and aborted the trade.

Take your time and study past charts. Always do a candle by candle; MA by MA; indicator by indicator analysis, and you will be surprised at what you will see and discover, which the casual trader will never see. Trading outside the box is the key to success in this business for me.

All the best, and going to help a former client of mine

Shalom

George

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Low Risk Low Stress High Reward High Probability Trades
  • #5,763
  • Aug 27, 2013 12:14pm Aug 27, 2013 12:14pm
Quoting jsf
I have added a ZERO line for every BHe line with corresponding colour, it may prove beneficial for judging the strength and direction of the price action. Trade well (preferably better than me) {image}

This is what I see on your chart - not rocket science. I hope the light bulb is coming on
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Low Risk Low Stress High Reward High Probability Trades
  • #5,764
  • Aug 27, 2013 12:34pm Aug 27, 2013 12:34pm
Compare this GU chart with the EU chart I posted earlier where we would not take the short because there was no BHE line cross at B. But see a line cross on the GU for a short trade, and almost immediately another trade signal for a long trade.

You may want to consider visiting the Genesis thread and combining some of the Matrix indicators with the BHE and you will enjoy phenomenal success
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Low Risk Low Stress High Reward High Probability Trades
  • #5,765
  • Aug 27, 2013 1:02pm Aug 27, 2013 1:02pm
Quoting jsf
I have added a ZERO line for every BHe line with corresponding colour, it may prove beneficial for judging the strength and direction of the price action. Trade well (preferably better than me) {image}
Thank you for BH indy!
But I need some help from you.
How can I do this? I want to put two Bh indy with different settings (2,10,5) and (10,50,25) like you.
Until now, I can't do this thing.
  • #5,766
  • Aug 27, 2013 4:59pm Aug 27, 2013 4:59pm
Just got home; did my peak & trough analysis and identified the breakout lines. AU did not take time in seeking my line - short AU @ 8946 and now closed for a quick 8 pips. Will re-enter as price probably re-test the breakout line.

Shalom
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  • #5,767
  • Aug 27, 2013 5:02pm Aug 27, 2013 5:02pm
I got in on NU with +23 and +28
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  • #5,768
  • Aug 27, 2013 5:06pm Aug 27, 2013 5:06pm
Quoting dvanderlinde
I got in on NU with +23 and +28 {image}
Good job Dustin , and you beat me to it as I`m just getting home and missed start of the move.
Low Risk Low Stress High Reward High Probability Trades
  • #5,769
  • Aug 27, 2013 5:07pm Aug 27, 2013 5:07pm
Quoting 919gilead
{quote} Good job Dustin , and you beat me to it as I`m just getting home and missed the move.
Thanks you too! Now I'm waiting for a pull back and continuation on AJ
  • #5,770
  • Aug 27, 2013 5:10pm Aug 27, 2013 5:10pm
Quoting dvanderlinde
{quote} Thanks you too! Now I'm waiting for a pull back and continuation on AJ
Same here
Low Risk Low Stress High Reward High Probability Trades
  • #5,771
  • Aug 27, 2013 5:32pm Aug 27, 2013 5:32pm
Quoting Flaviu1981
{quote} Thank you for BH indy! But I need some help from you. How can I do this? I want to put two Bh indy with different settings (2,10,5) and (10,50,25) like you. Until now, I can't do this thing.
Install one BHE indi on chart with standard settings (2,10,5) but change the top color to "None".
Then drag another BHE indi on top of your existing one but change the settings to (10,25,50) & change top color to "None".
Change the bottom color to something different than your first indi.
  • #5,772
  • Aug 27, 2013 6:07pm Aug 27, 2013 6:07pm
Entered AU short

The Currency strength indicator showed this was a better pair then AJ
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  • #5,773
  • Aug 27, 2013 9:00pm Aug 27, 2013 9:00pm
+10 UJ
+16 GJ
+22 AU
+26 NJ
+25 +26 AJ

Over trade much?
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  • #5,774
  • Aug 27, 2013 9:47pm Aug 27, 2013 9:47pm
Quoting dvanderlinde
+10 UJ +16 GJ +22 AU +26 NJ +25 +26 AJ Over trade much? {image} {image} {image} {image} {image}
Good trading Dustin. Had to go out and just returning home and very tired. So I`m going to bed

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #5,775
  • Edited 7:21am Aug 28, 2013 5:46am | Edited 7:21am
Quoting Flaviu1981
{quote} Congratulations Mario!!! What method do you used? There are many methods here.

Flaviu, Im using TMA1 over TMA5 pattern.
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  • #5,776
  • Aug 28, 2013 10:08pm Aug 28, 2013 10:08pm
Quoting dvanderlinde
+10 UJ +16 GJ +22 AU +26 NJ +25 +26 AJ Over trade much? {image} {image} {image} {image} {image}
Hello Dvanderlinde:

what is the bottom indicator that you used? the one with blue and red line, thx
Never say no to PIPS
  • #5,777
  • Aug 28, 2013 10:35pm Aug 28, 2013 10:35pm
Quoting lazyegg
{quote} Hello Dvanderlinde: what is the bottom indicator that you used? the one with blue and red line, thx
Hey lazyegg,

Its a BH Ergodic indi that jsf so kindly posted here:

Quoting jsf
{quote} It is the BH Ergodic indi, I put two over the TMA slope with different settings (2,10,5) and (10,50,25) I am still testing it so be careful. {file}

and srt so kindly lays out how to set it up here:


Quoting srt
{quote} Install one BHE indi on chart with standard settings (2,10,5) but change the top color to "None". Then drag another BHE indi on top of your existing one but change the settings to (10,25,50) & change top color to "None". Change the bottom color to something different than your first indi.
Hope that helps!


~Dustin
  • #5,778
  • Aug 28, 2013 10:51pm Aug 28, 2013 10:51pm
Quoting dvanderlinde
{quote} Hey lazyegg, Its a BH Ergodic indi that jsf so kindly posted here: {quote} and srt so kindly lays out how to set it up here: {quote} Hope that helps! ~Dustin
Thx for your reply, from post 5777, are you using MACD to open order? what is the setting for your macd? thx
Never say no to PIPS
  • #5,779
  • Aug 28, 2013 10:57pm Aug 28, 2013 10:57pm
Hi all,

I am following this thread for a while now. This is how my screen look at this stage. On the BH-Ergodic I added a Stoch 15,3,2 showing only the signal line (the main line set to none).
My other indicators is shown in the screenshots.
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Attached Images
  • #5,780
  • Aug 28, 2013 10:58pm Aug 28, 2013 10:58pm
Quoting lazyegg
{quote} Thx for your reply, from post 5777, are you using MACD to open order? what is the setting for your macd? thx
Its actually not MACD its Chaos Gator that George posted here:

Quoting 919gilead
{quote} It is not the same, and I think I found it at "The Amazing Magic of 3MW of now" thread. {file} {file}
And I dont use anything to enter except for PA I wait for a pull back from the trend and if I see that it looks like PA wants to continue I enter.
The indicators just help me see momentum.

~Dustin
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