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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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  • #5,981
  • Sep 13, 2013 6:09am Sep 13, 2013 6:09am
Quoting jsf
Price stuck between 1h and 4h centrelines, No time to trade said Mikhail !! {image}
Jsf, what difference have you experienced between using TMA and NR-TMA? Do you get different entry/exit signals?
  • #5,982
  • Sep 13, 2013 6:24am Sep 13, 2013 6:24am
H4 on EJ, look at the reversal bar. Another reason why I'm bullish at the moment.
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  • #5,983
  • Sep 13, 2013 9:21am Sep 13, 2013 9:21am
Made 32 pips short but i'm still a looser today overall. It's still far from my target but I expected some bounce up that support line so I have to take profit. My first loosing day in 3 weeks sheesh. It must be due to Friday the 13th messing with my head lol. That's my last trade it's ok i'm taking the loss today.

My other reason for taking profit early is due to that reversal bar on the H4. I'm expecting some buyers coming out as it nears that. Even if it can break it, most likely there will be some bounce back up before it gets broken. So I take profit and run.
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  • #5,984
  • Sep 13, 2013 2:23pm Sep 13, 2013 2:23pm
Quoting pundit78
{quote} Hey George, Thanks for your kind words, you have contributed a lot in what we are doing today, your words fill us with positive energy, hope you to be here soon, even I am in a day job so get less time to post but believe me I enjoy every post on this thread and hope someday I will be a full time trader and contributor to this community.
You're welcome Pundit. It's possible my friend, just keep at it and you will get there.

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #5,985
  • Sep 13, 2013 2:27pm Sep 13, 2013 2:27pm
Hello friends,

I am looking for a Daily Open Line (DOL) indicator that extends into the second day - that is, yesterday's DOL will extend from yesterday and continue into today. Objective is to easily id pairs where price is bouncing off either yesterday DOL or yesterday's high/low and using it as SR to confirm possible change of intra day trend. The THV4 TzPivotsD extends YHL into today, and I'm looking for a similar feature in the DOL. I have found this to be an important SR tool in confirming trend reversals that probably started around close of the previous day (or any time in the prior day for that matter).

And if any of our coders can help me modify the existing indicator, that will be great too.

Thank you, and God bless

Shalom

George
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ DOL YHL Strategy.gif Size: 77 KB
Click to Enlarge Name: EG DOL YHL Strategy.gif Size: 60 KB
Attached File(s)
File Type: mq4 Daily Open Line.mq4   2 KB | 368 downloads
Low Risk Low Stress High Reward High Probability Trades
  • #5,986
  • Sep 14, 2013 2:04am Sep 14, 2013 2:04am
Quoting 919gilead
Hello friends, I am looking for a Daily Open Line (DOL) indicator that extends into the second day - that is, yesterday's DOL will extend from yesterday and continue into today. Objective is to easily id pairs where price is bouncing off either yesterday DOL or yesterday's high/low and using it as SR to confirm possible change of intra day trend. The THV4 TzPivotsD extends YHL into today, and I'm looking for a similar feature in the DOL. I have found this to be an important SR tool in confirming trend reversals that probably started around close...

Thanks guys, someone helped me here
Low Risk Low Stress High Reward High Probability Trades
  • #5,987
  • Sep 15, 2013 10:46pm Sep 15, 2013 10:46pm
Quoting 919gilead
Hello friends, I am looking for a Daily Open Line (DOL) indicator that extends into the second day - that is, yesterday's DOL will extend from yesterday and continue into today. Objective is to easily id pairs where price is bouncing off either yesterday DOL or yesterday's high/low and using it as SR to confirm possible change of intra day trend. The THV4 TzPivotsD extends YHL into today, and I'm looking for a similar feature in the DOL. I have found this to be an important SR tool in confirming trend reversals that probably started around close...
Looks useful info I'm going to try this out. Thanks!
  • #5,988
  • Sep 15, 2013 10:54pm Sep 15, 2013 10:54pm
Quoting 919gilead
{quote} Thanks guys, someone helped me here
Tried it, it's not drawing the high and low.
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  • #5,989
  • Sep 16, 2013 1:53am Sep 16, 2013 1:53am
+6.1 on EU but it might go up more. It looks like a runaway gap with no signs of a gap fill at the moment. It means the bulls are too strong... I sense a short squeeze coming. That will generate a very beautiful up move as shorts are forced to cover their positions.

I added PVSRA on my chart, it seems a good indicator for confirmation on my entries. So thank you Sonic for coding PVSRA on JForex.
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  • #5,990
  • Sep 16, 2013 2:19am Sep 16, 2013 2:19am
Quoting maflip
{quote} Tried it, it's not drawing the high and low. {image}

The Daily Open Line does not draw high and low but a continuation line the following trading day as per attached. I have 2 other indicators on my charts that draw a kind of high and low, and they are the ant-GUBreakout (from Craig Harris Stochastics Method thread) & the THV TZPivotsD (already posted on this thread). I use the first one to highlight the 1st 4 hours of the Asian session while the 2nd one shows yesterday's high (yH) and low (yL).

Shalom
Attached Image (click to enlarge)
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Low Risk Low Stress High Reward High Probability Trades
  • #5,991
  • Sep 16, 2013 2:29am Sep 16, 2013 2:29am
Quoting 919gilead
{quote} The Daily Open Line does not draw high and low but a continuation line the following trading day as per attached. I have 2 other indicators on my charts that draw a kind of high and low, and they are the ant-GUBreakout (from Craig Harris Stochastics Method thread) & the THV TZPivotsD (already posted on this thread). I use the first one to highlight the 1st 4 hours of the Asian session while the 2nd one shows yesterday's high (yH) and low (yL). Shalom {image}
ok thanks
  • #5,992
  • Sep 16, 2013 4:22am Sep 16, 2013 4:22am
Broke support on EU, broke resistance on AJ. So, looking to short EU, looking for long on AJ. EU dissapoints me right now. I guess the rally might be tomorrow.
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  • #5,993
  • Sep 16, 2013 5:58am Sep 16, 2013 5:58am
+ 5 pips on EU short. I made a very stupid mistake at first though. I hit the buy button instead of the short button So that costs me -$8 Took the short at the right price I wanted at a retrace and that made me $16 bucks. geez stupid mistake I'm glad I did not risked $100 on that trade lol.
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  • #5,994
  • Sep 16, 2013 6:04am Sep 16, 2013 6:04am
AJ is now hitting resistance. Will keep a watch on this pair when the US session opens. There might be some short scalping opportunities here. But again, will wait what the Americans do after the US session opens.
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  • #5,995
  • Sep 16, 2013 10:30am Sep 16, 2013 10:30am
Final trade today an average of +9 pips on GU.
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  • #5,996
  • Sep 16, 2013 9:46pm Sep 16, 2013 9:46pm
UJ + 12

Nibbling on the markets small pips at a time
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  • #5,997
  • Sep 16, 2013 10:49pm Sep 16, 2013 10:49pm
I see all the pairs I trade in my 1 hour chart like this with no alerts. I posted because someone asked. BTW AJ 1 hour Head shoulders formation and UJ 1 min mini Head and shoulders formation. Looks like it's getting ready for a fall. We'll see.
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  • #5,998
  • Sep 16, 2013 11:03pm Sep 16, 2013 11:03pm
At this time this is how I see AJ. Break above the line will retest the head and may most likely break above that head this time. As for me either way is find because I'm a scalper
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  • #5,999
  • Sep 17, 2013 1:09am Sep 17, 2013 1:09am
Quoting peterwest
{quote} Jsf, what difference have you experienced between using TMA and NR-TMA? Do you get different entry/exit signals?
PW sorry missed your question.

See the chart, there is no difference at the front end of the TMA's, but when looking back to review your trades you get a distorted view when using repainting TMA.
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When all conditions are met - Enter trade - sit back and FRET !!!
  • #6,000
  • Sep 17, 2013 2:42am Sep 17, 2013 2:42am
GU CT trade -6 pips. Trend trade reversal Long + 12
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