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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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  • #6,501
  • Oct 24, 2013 2:43am Oct 24, 2013 2:43am
It's been quite quiet here. I'm guessing it's due to newbie questions. Please don't make the thread longer! Go back and read the posts!

Hope all of you are still trading successfully. It's been a great week for me so far. I'm making good pips (30-50) each day. Also play with very small size during tuesdays NFP. It was good fun made 70 pips in one minute but it was all for the adrenaline rush. Follow the rules! No trading atleast 30 mins before and after news and a lot more with NFP

Today I've already cought a CT trade on UJ. 12 pips. Signal from M15 volume and TMA crosses. Also a quick long on USDCHF, also due to M15 volume. It's been going short with volume spikes on the bottoms and bellow whole, half and quarter numbers, so I'm guessing MMs are building positions, but I didn't want to be in for the long run. I only took 7 pips on the bounce.

Anyway, I hope you're all doing well and making nice pips
  • #6,502
  • Oct 24, 2013 3:01am Oct 24, 2013 3:01am
Quoting peterwest
It's been quite quiet here. I'm guessing it's due to newbie questions. Please don't make the thread longer! Go back and read the posts! Hope all of you are still trading successfully. It's been a great week for me so far. I'm making good pips (30-50) each day. Also play with very small size during tuesdays NFP. It was good fun made 70 pips in one minute but it was all for the adrenaline rush. Follow the rules! No trading atleast 30 mins before and after news and a lot more with NFP Today I've already cought a CT trade on UJ. 12 pips. Signal...
Good job, as for me I won't be scalping for awhile too busy studying. However, I'm having a lot of fun swing trading this small account on a 15 minute chart. Hit rate is not as great as my scalps but so far so good i'm still able to make it work. My goal is to turn this from $100 to $10,000 . So funny, I made it to the top 10 traders this week as well and my results is not even that great. My first week trading this small account it almost bomb out because of IC Markets I didn't know once your margin hits below 100% they will close positions. Guess what I'm holding .45 lot at the time and they closed it, then it went my way. I immediately lost 50% of my account there but I was able to get it back.... IC Markets sucks because of that... I might switch broker because of that. They don't do that in FXPro so I might switch to FXPro someday.

So because of stupid ICMarkets that 500:1 leverage is actually a lie. Meaning, I can't be too aggressive on my trades I gotta stick to 5-10% risk per trade and not over. Because a small move against my position and they will close positions.

Maflip made it to the top 10 gotta take a snapshot of this while it's still there and before this account bombs out hah hah.
Attached Image
  • #6,503
  • Oct 24, 2013 3:24am Oct 24, 2013 3:24am
Quoting maflip
{quote} Good job, as for me I won't be scalping for awhile too busy studying. However, I'm having a lot of fun swing trading this small account on a 15 minute chart. Hit rate is not as great as my scalps but so far so good i'm still able to make it work. My goal is to turn this from $100 to $10,000 . So funny, I made it to the top 10 traders this week as well and my results is not even that great. My first week trading this small account it almost bomb out because of IC Markets I didn't know once your margin hits below 100% they...
Nice work

Good luck with exams. I have mine in december.

I'm actually thinking of starting some kind of blog. Not for teaching reasons or anything, but only to write down the trades I take so I can look back at them, analyze and follow my progress. Who knows, I might start that soon If all goes well, I'll implement this on a small, live acount (250 USD) and see how far I get. So far I'm I month profitable making atleast 1% a day (10pips = 1%). With the volume thread I kind of got into positon building mode, which is really risky, because you don't have a SL, but no issues so far. Any way, any recomendations when you make a major mistake with volume and price goes really against you?
  • #6,504
  • Oct 24, 2013 3:34am Oct 24, 2013 3:34am
Quoting peterwest
{quote} Nice work Good luck with exams. I have mine in december. I'm actually thinking of starting some kind of blog. Not for teaching reasons or anything, but only to write down the trades I take so I can look back at them, analyze and follow my progress. Who knows, I might start that soon If all goes well, I'll implement this on a small, live acount (250 USD) and see how far I get. So far I'm I month profitable making atleast 1% a day (10pips = 1%). With the volume thread I kind of got into positon building mode, which is really risky, because...
I hedge it then I would try placing a forward buy/sell stop to the direction of the real trend. If it whipsaw me and that didn't work I would do that 5 layer or 2 layer tapering off that I mentioned here. If that still doesn't work, then I swallow the loss hah hah. But so far that tapering off hedging has gotten me to a break even couple of times already.

Me to we just finished exam on Humanities today. Did an essay test on Economics and yeah that sucks... Cause I hate writing.
  • #6,505
  • Oct 25, 2013 9:43am Oct 25, 2013 9:43am
Does someone use the alerts of TMA ?
Maybe to get signals of different pairs to know when its best time for starting with Babon scalp?
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #6,506
  • Oct 25, 2013 1:53pm Oct 25, 2013 1:53pm
Quoting maflip
I think I've grown a beard waiting for EU to come down on my swing trading account hah hah... geezzzzz Anyway, I'm short but with a stop and reverse trade up there. This looks like a bullish flag now but we'll see... {image}
Hi Maflip, can you please attach indicators and tpl. Which can be seen on your picture. Thank you!
  • #6,507
  • Oct 25, 2013 3:42pm Oct 25, 2013 3:42pm
Jeez - does nobody read the thread anymore. Everything is there and there is also the paperclip at the top of the page.
  • #6,508
  • Oct 26, 2013 5:13am Oct 26, 2013 5:13am
Quoting handy148
Jeez - does nobody read the thread anymore. Everything is there and there is also the paperclip at the top of the page.

Yep...forums have become little shops of horrors (the movie)...."Feed me, Seymour"!
  • #6,509
  • Oct 26, 2013 10:58pm Oct 26, 2013 10:58pm
Quoting Bernhard
{quote} Do you mean the price crossed tenkan-sen? I see no cross of tenkan with kijun at the last end.
My Ichimoku settings are 9,80,52, a Tenkan Kijun cross on the 1 minute is a chinkou vs tenkan cross on the 5 mins, a tenkan, kijun cross on the 5 mins is a chinko vs tenkan cross on the 15 mins. So if you are looking for a tenkan kijun cross you will have to go to the 5 mins chart. Got it? Also, my templates are somewhere posted here, your gonna have to search for it.

Also, I arranged Chinkou differently. My template is burried here somewhere you will see how I arranged it.

Try the paper clip.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 19 KB
  • #6,510
  • Oct 26, 2013 10:59pm Oct 26, 2013 10:59pm
Quoting Zonk277
{quote} Hi Maflip, can you please attach indicators and tpl. Which can be seen on your picture. Thank you!
Same as I told Berhard, it's here somewhere including my rules of entry. Gonna have to search for it.
  • #6,511
  • Oct 27, 2013 7:36am Oct 27, 2013 7:36am
Quoting maflip
{quote} Good job, as for me I won't be scalping for awhile too busy studying. However, I'm having a lot of fun swing trading this small account on a 15 minute chart. Hit rate is not as great as my scalps but so far so good i'm still able to make it work. My goal is to turn this from $100 to $10,000 . So funny, I made it to the top 10 traders this week as well and my results is not even that great. My first week trading this small account it almost bomb out because of IC Markets I didn't know once your margin hits below 100% they...
If you still looking to switch, try hotforex, I found this broker good with 5 star ratings on forexpeacearmy, I have also traded earlier with them, low spread and min deposit is as low as $5, good customer care services, good backoffice services, I opened a new account with them, earlier trading with Ironfx but they are hopeless, hotforex also accepts neteller.

If you want to try hotforex, just message me, I will give you my referral link.
  • #6,512
  • Oct 27, 2013 3:20pm Oct 27, 2013 3:20pm
Quoting maflip
{quote} My Ichimoku settings are 9,80,52, a Tenkan Kijun cross on the 1 minute is a chinkou vs tenkan cross on the 5 mins, a tenkan, kijun cross on the 5 mins is a chinko vs tenkan cross on the 15 mins. So if you are looking for a tenkan kijun cross you will have to go to the 5 mins chart. Got it? Also, my templates are somewhere posted here, your gonna have to search for it. Also, I arranged Chinkou differently. My template is burried here somewhere you will see how I arranged it. Try the paper clip. {image}

thanks flip. I took some time in weekend to read the thread. Im now on page 44. very interesting and it didnt become boring. keep going folks! good job
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #6,513
  • Oct 31, 2013 1:57am Oct 31, 2013 1:57am
Hello colleagues! I now work on this template, traders to whom explained rules, work successfully! But who from you can will find, something new or will add! I don't want to explain much, so all is visible. Successes!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdm1-2.png Size: 36 KB
Click to Enlarge Name: gbpusdm1-4.png Size: 38 KB
  • #6,514
  • Oct 31, 2013 1:59am Oct 31, 2013 1:59am
so
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm1-6.png Size: 37 KB
Attached File(s)
File Type: tpl New ig@r M1.tpl   2 KB | 519 downloads
File Type: ex4 ytg_DveMashki_ind.ex4   5 KB | 508 downloads
File Type: mq4 ytg_DveMashki_ind.mq4   2 KB | 496 downloads
  • #6,515
  • Oct 31, 2013 2:09am Oct 31, 2013 2:09am
There are two rules, to work only in crossing places (color change) and any additions to a trend. Wait for the following crossing!
  • #6,516
  • Oct 31, 2013 2:13am Oct 31, 2013 2:13am
I use these levels.
Attached File(s)
File Type: ex4 camarilladt8.ex4   12 KB | 420 downloads
File Type: mq4 camarilladt8.mq4   24 KB | 409 downloads
  • #6,517
  • Oct 31, 2013 7:41am Oct 31, 2013 7:41am
I tried to set alarms to TMA. bands of 5m 15m 1h on 5 different pairs.
The alarms came 5 minute later or even more. It was already toooo late.
Too much cpu? Why its not in time?
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #6,518
  • Oct 31, 2013 9:18am Oct 31, 2013 9:18am
Quoting Bernhard
I tried to set alarms to TMA. bands of 5m 15m 1h on 5 different pairs. The alarms came 5 minute later or even more. It was already toooo late. Too much cpu? Why its not in time?
I had the same issue!
  • #6,519
  • Oct 31, 2013 11:46am Oct 31, 2013 11:46am
Quoting Bernhard
I tried to set alarms to TMA. bands of 5m 15m 1h on 5 different pairs. The alarms came 5 minute later or even more. It was already toooo late. Too much cpu? Why its not in time?
Set it like this, it will alert at the touch of the upper/lower band.
Attached Image
  • #6,520
  • Nov 1, 2013 2:56am Nov 1, 2013 2:56am
A cool tool to test your brokers latency when receiving orders... Mine was pretty bad. @ 400+ MS???!!! That's aweful, the other day during US rate release there was a 10 second disconnect, bunch of lags etc. Wow, I hope they fix this latency issue. I sometimes trade the news 30 minutes after release so this is bad for me. I guess this is my trade off leaving JForex platform.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 141 KB
Attached File(s)
File Type: ex4 ExTest ForExpat.ex4   10 KB | 290 downloads
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