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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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  • #6,281
  • Oct 3, 2013 5:34am Oct 3, 2013 5:34am
Short EJ looking for 29.5 pips. (Not a scalp trade)
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  • #6,282
  • Oct 3, 2013 5:36am Oct 3, 2013 5:36am
Quoting peterwest
{quote} I'm just wondering, you don't always follow the rule of trading only after a TMA cross. Even if you would, a TMA cross in the opposite direction could even indicate a trend change, so it's not always safe. What do you think? The way I noticed with the previous trade, the issue was more with the news being there... Anyway the way I see the rules: M15 for overall direction M1 ATR 14 over MA 1440 for atleast 30 minutes. No tradig before and after news for 30 minutes. If Blue line above yellow line, then wait for white line to cross above blue...
yes when scalping the 15 min trend. There's also the tma1m/5m counter trend but I don't want to show all my entries. It will confuse a new trader. Just stick to this one rule for now.
  • #6,283
  • Oct 3, 2013 5:39am Oct 3, 2013 5:39am
Quoting maflip
{quote} yes when scalping the 15 min trend. There's also the tma1m/5m counter trend but I don't want to show all my entries. It will confuse a new trader. Just stick to this one rule for now.
Stick to this one rule and master it. Like I said, stick to one rule and progress as you master this rule.
  • #6,284
  • Oct 3, 2013 5:39am Oct 3, 2013 5:39am
Quoting maflip
{quote} Stick to this one rule and master it. Like I said, stick to one rule and progress as you master this rule.
And, don't system hop, master one and own it.
  • #6,285
  • Oct 3, 2013 5:46am Oct 3, 2013 5:46am
Quoting peterwest
{quote} I'm just wondering, you don't always follow the rule of trading only after a TMA cross. Even if you would, a TMA cross in the opposite direction could even indicate a trend change, so it's not always safe. What do you think? The way I noticed with the previous trade, the issue was more with the news being there... Anyway the way I see the rules: M15 for overall direction M1 ATR 14 over MA 1440 for atleast 30 minutes. No tradig before and after news for 30 minutes. If Blue line above yellow line, then wait for white line to cross above blue...
a TMA cross in the opposite direction could even indicate a trend change, so it's not always safe.

No, when the chinkou is separated very far from tenkan, even if there's a TMA cross 15 min will still show it's in the right trend and there will still no cross of chinkou and tenkan in the 15 min TF.
  • #6,286
  • Oct 3, 2013 5:51am Oct 3, 2013 5:51am
Quoting peterwest
{quote} I'm just wondering, you don't always follow the rule of trading only after a TMA cross. Even if you would, a TMA cross in the opposite direction could even indicate a trend change, so it's not always safe. What do you think? The way I noticed with the previous trade, the issue was more with the news being there... Anyway the way I see the rules: M15 for overall direction M1 ATR 14 over MA 1440 for atleast 30 minutes. No tradig before and after news for 30 minutes. If Blue line above yellow line, then wait for white line to cross above blue...
For now stick to this one rule as it is the easiest to follow.
  • #6,287
  • Oct 3, 2013 6:15am Oct 3, 2013 6:15am
3rd test of support... I'm expecting a little bounce up... Might flirt down here a bit, then hopefully BOOM to hit my TP. Hopefully, hopefully.
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  • #6,288
  • Oct 3, 2013 7:04am Oct 3, 2013 7:04am
Quoting peterwest
{quote} I'm just wondering, you don't always follow the rule of trading only after a TMA cross. Even if you would, a TMA cross in the opposite direction could even indicate a trend change, so it's not always safe. What do you think? The way I noticed with the previous trade, the issue was more with the news being there... Anyway the way I see the rules: M15 for overall direction M1 ATR 14 over MA 1440 for atleast 30 minutes. No tradig before and after news for 30 minutes. If Blue line above yellow line, then wait for white line to cross above blue...
There's a 1 min TMA 5 scalp when this 15 min TF retraced up and won. 15 min Chinkou never crossed up here. Like I said, you can choose not to trade in this scenario, or you can trade as short but with caution as both white and blue is still above the yellow.

Problem is, it's 30 mins close to the news release, and ATR is still telling you not to trade. heh heh oh rules rules rules.
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  • #6,289
  • Oct 3, 2013 7:14am Oct 3, 2013 7:14am
Took + 6.7 pips profit, and moved stop down. I missed the chance to take 10 pips profit when I was typing here.
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  • #6,290
  • Oct 3, 2013 7:15am Oct 3, 2013 7:15am
Quoting maflip
Took + 6.7 pips profit, and moved stop down. I missed the chance to take 10 pips profit when I was typing here. {image}
Take some profit out here in case that support doesnt break.
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  • #6,291
  • Oct 3, 2013 7:17am Oct 3, 2013 7:17am
Quoting maflip
{quote} Take some profit out here in case that support doesnt break. {image}
Tee hee well it broke. Took some more out, moving stop to BE. It's a safe ride now.
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  • #6,292
  • Oct 3, 2013 7:18am Oct 3, 2013 7:18am
Quoting maflip
{quote} Tee hee well it broke. Took some more out, moving stop to BE. It's a safe ride now. {image}
Stop at BE
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  • #6,293
  • Oct 3, 2013 7:21am Oct 3, 2013 7:21am
Quoting maflip
{quote} Stop at BE {image}
Screw it, time to be greedy. Removed TP and moving to trailing stop mode.
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  • #6,294
  • Oct 3, 2013 7:32am Oct 3, 2013 7:32am
Baby did not want me to ride it long time. Out at -0.8 at last remaining due to some slippage. Nice ride though, nice ride.
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  • #6,295
  • Oct 3, 2013 8:05am Oct 3, 2013 8:05am
Final trade today, +8 pips scalp on GJ, 30 mins after the news, ATR validated, with the 15 mins TF trend. uhuhhhhhhhhhhh..................
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  • #6,296
  • Oct 3, 2013 8:07am Oct 3, 2013 8:07am
Quoting maflip
Final trade today, +8 pips scalp on GJ, 30 mins after the news, ATR validated, with the 15 mins TF trend. uhuhhhhhhhhhhh.................. {image}
TMA picture
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  • #6,297
  • Oct 3, 2013 9:21am Oct 3, 2013 9:21am
Quoting maflip
{quote} TMA picture {image}
Looking back at some of your old pictures, I think a general M1 TMA pierce is necessary rule before a good entry. So not only ATR as an M1 compulsory rule, but also price has to cross the opposite end of TMA m1 before entering a position. With this you will miss break out trades, but at least you'll have more trend trades.
  • #6,298
  • Oct 3, 2013 9:54am Oct 3, 2013 9:54am
Quoting peterwest
{quote} Looking back at some of your old pictures, I think a general M1 TMA pierce is necessary rule before a good entry. So not only ATR as an M1 compulsory rule, but also price has to cross the opposite end of TMA m1 before entering a position. With this you will miss break out trades, but at least you'll have more trend trades.
Yes, something like that. I'm so bad at explaining. You explain it better than I do.

- Thanks
  • #6,299
  • Oct 3, 2013 11:25am Oct 3, 2013 11:25am
Maflip, you posted a referal to a broker with low spreads, was wondering if you could post the link...would greatly appreciate it...thx!
  • #6,300
  • Oct 3, 2013 11:26am Oct 3, 2013 11:26am
By the way, there are so many pairs and quite a few filters (m15 bigger picture, ATR rule, TMA rule, then finally the trigger from chikou tenkan cross). So many filters over so many pairs takes a lot of time to view. Do you just switch from pair to pair until you find one that's good, or do you have some sort of dashboard for the ATR filter aswell?
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