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Daytrading/scalping with high leverage - my proven strategy

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  • #6,341
  • Oct 7, 2013 8:28pm Oct 7, 2013 8:28pm
GU short looking for +15 pips TP. Will stop and reverse long at stop out if it takes out resistance above the stop.
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  • #6,342
  • Edited 8:48pm Oct 7, 2013 8:36pm | Edited 8:48pm
Quoting maflip
GU short looking for +15 pips TP. Will stop and reverse long at stop out if it takes out resistance above the stop. {image}
This is one of those CT trades, if I'm right I take some money. If I'm wrong, then that's a major resistance broken then most likely it's going to run up twice what I lost and I still make some money. A carefully planned risk, either direction can produce results. Unless, if they break that resistance when I get stopped out and it turns out to be fake then I loose. Nothings perfect, but nice trading plan anyway. Agree?
  • #6,343
  • Oct 7, 2013 8:47pm Oct 7, 2013 8:47pm
Adjusted TP/SL
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  • #6,344
  • Oct 7, 2013 9:19pm Oct 7, 2013 9:19pm
Quoting ZoranB
{quote} Thanks a lot!!! When I look to find entry I have hard time finding situations where the price is at least 10 pips from yellow lines since there is recommendation not to take a trade if distance is not at lest 10 pips. Do you care about it or you do take trades independently to it? Thanks.
My rules are somewhat different, I look on Tenkan, kinjun and chinkou crosses, direction of BHE and distance from upper or lower band of TMA incase of short and long respectively.
  • #6,345
  • Oct 7, 2013 10:17pm Oct 7, 2013 10:17pm
Quoting ZoranB
So here is the first one that I took but still there was less than 10 pips from the turning point that was above TMA15 to the yellow lines that are TMA 5 (?) I feel I am messing something when it comes to entry rules..... In any case - almost 10 pips. {image}
How did you get this to your chart? Nice thing to have rather than flipping to multiple screens...
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  • #6,346
  • Oct 7, 2013 11:01pm Oct 7, 2013 11:01pm
Took a +6.2 profit, kijun on M15 is starting to creep up and it might turn as support, and this thing will find strength again. However, I'm still bearish on this thing. I'll just go on the sideline for now.
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  • #6,347
  • Oct 7, 2013 11:09pm Oct 7, 2013 11:09pm
Quoting maflip
Took a +6.2 profit, kijun on M15 is starting to creep up and it might turn as support, and this thing will find strength again. However, I'm still bearish on this thing. I'll just go on the sideline for now. {image} {image}
I also became worried of that volume there with that down move but lack of follow through. However, that info alone will not make me turn bullish. It's just a warning sign that bulls are starting to come in.
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  • #6,348
  • Oct 8, 2013 3:09am Oct 8, 2013 3:09am
GU +12.7 and +11.6. I should have held the other one as a runner though. Oh well...
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  • #6,349
  • Oct 8, 2013 3:19am Oct 8, 2013 3:19am
Shorting GJ, if I can still get filled. (not a scalp)
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  • #6,350
  • Oct 8, 2013 3:38am Oct 8, 2013 3:38am
I'm very bearish on GU/GJ because kijun resistance on H4 held, and H4 on GJ is still on a down trend. All it needs is an M15 entry.
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  • #6,351
  • Oct 8, 2013 4:38am Oct 8, 2013 4:38am
GU retracement is too strong... There's a probability it will retest that resistance. Yeah I know it sucks but that's how it is. The wind can change anytime.

Oh well we'll see...
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  • #6,352
  • Oct 8, 2013 4:42am Oct 8, 2013 4:42am
Quoting maflip
GU retracement is too strong... There's a probability it will retest that resistance. Yeah I know it sucks but that's how it is. The wind can change anytime. Oh well we'll see... {image}
hah hah oh wow
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  • #6,353
  • Oct 8, 2013 5:12am Oct 8, 2013 5:12am
Whenever I see this thing, it's the biggest BS in the highest order. And for me it's looking like a fake out and the real move is to the upside... Opinions?
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  • #6,354
  • Oct 8, 2013 9:18am Oct 8, 2013 9:18am
Quoting maflip
Took a +6.2 profit, kijun on M15 is starting to creep up and it might turn as support, and this thing will find strength again. However, I'm still bearish on this thing. I'll just go on the sideline for now. {image} {image}
These are idicators that are posted somewhere earlier in this thread...

Let me attach it for you....

Unfortunately no source code was posted......


Would you mind explaining me how you trade this system - I tried to follow the original rules but really no chance of finding entries... I must be misunderstanding something.... Thanks...
Attached File(s)
File Type: ex4 1000pips Mini.ex4   8 KB | 221 downloads
File Type: ex4 pipware-minichart-v3.0.ex4   40 KB | 241 downloads
  • #6,355
  • Edited 6:10pm Oct 8, 2013 5:13pm | Edited 6:10pm
Let's see how this one is going to go.... GBPJPY


and I closed it after it started ranging.... 7 pips on this one....
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  • #6,356
  • Oct 8, 2013 6:04pm Oct 8, 2013 6:04pm
This one worked for 10 pips and might be running further....
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  • #6,357
  • Oct 8, 2013 8:25pm Oct 8, 2013 8:25pm
Quoting maflip
Whenever I see this thing, it's the biggest BS in the highest order. And for me it's looking like a fake out and the real move is to the upside... Opinions? {image}
Nice to wake up to see this thing has hit my target. MM manipulation at its best, stop out the retailers then drive price up.
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  • #6,358
  • Oct 8, 2013 8:32pm Oct 8, 2013 8:32pm
Quoting ZoranB
{quote} These are idicators that are posted somewhere earlier in this thread... Let me attach it for you.... Unfortunately no source code was posted...... Would you mind explaining me how you trade this system - I tried to follow the original rules but really no chance of finding entries... I must be misunderstanding something.... Thanks... {file} {file}
It's the same as babon slope entry, except I use ichimoku cross for entries. I also trade on higher time frames not just the 1 min. Things I look for entries, support/resistance, patterns, fake outs, trend trade, counter trend using TMA m1/m5, with all entries using ichimoku cross. So, I trade ichimoku with price action, PA is too much to explain here, PA is something that needs to be learned on your own, and needs plenty of practice and chart time.

BTW thanks for the indicators.
  • #6,359
  • Oct 9, 2013 5:50am Oct 9, 2013 5:50am
Hi Maflip,

Can you please give us the volume indi you're using. I need something showing "Big Money" coming into a market. Good for break out trades
  • #6,360
  • Oct 9, 2013 6:38am Oct 9, 2013 6:38am
Quoting peterwest
Hi Maflip, Can you please give us the volume indi you're using. I need something showing "Big Money" coming into a market. Good for break out trades
Here you go, it's just PVSRA from sonic. Be careful, other people reads this wrong, a fake out is when it pushes price up/down with high volume with an immediate reversal reaction, and the reversal is almost as equal as the candle stick bar that made it, if it lingers at the high/low of the bar that made it, most likely the move is real, don't go against it. Also, don't get into the habit of adding on to a loosing trade like that one guy (not gonna mention name) in that Sonic thread, I'm warning you in advance because that is what that guy do there and I don't want you copying it. I'm saying it in advance in case you visit that thread. It's very powerful looking at it at least from the 15 mins chart not so much from the 1 min chart. Look at this from the 15 minutes chart, entry is at the 5 mins chart with a chinkou/tenkan cross as confirmation. During high impact news time is when this is very useful.
Attached File(s)
File Type: ex4 SonicR PVA Volumes (Black).ex4   6 KB | 245 downloads
File Type: mq4 SonicR PVA Volumes (Black).mq4   14 KB | 277 downloads
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