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Daytrading/scalping with high leverage - my proven strategy

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  • #6,681
  • Jan 3, 2014 6:27am Jan 3, 2014 6:27am
Quoting maflip
{quote} I've been here for a while now so yeah I trade this system for a while now. But I was out for a couple of months due to school. I swing traded during that time and swing trading never worked for me. Must be my personality is more fit to be a scalper. I was trading it demo at first I used to trade it on JForex platform. Slightly modified though, don't ask for my template though as no one can seem to make it work for them lol. So far Jurn_e seems new to this thread. But it’s working for him so very good.
This is good. I made older posts and am using the template DNA. I left everything slightly to one side and now I came back and realized that I like to scalp. I believe this template with this system can be lucrative. You have an average of quantod pips is giving on average per day or just your average and expects to achieve out of the game?

Oh sorry. English is not my official language.
  • #6,682
  • Jan 3, 2014 6:38am Jan 3, 2014 6:38am
Quoting lumiche
{quote} This is good. I made older posts and am using the template DNA. I left everything slightly to one side and now I came back and realized that I like to scalp. I believe this template with this system can be lucrative. You have an average of quantod pips is giving on average per day or just your average and expects to achieve out of the game? Oh sorry. English is not my official language.
I don't base it on pips per day. I base it on 1% gain per day but so far today I made more than 1% already, 1% is a small gain per day but I'd rather make 1% than loose 1% so its alright. Yeah I think trading style should be based on your personality. However, I think the human brain can be trained so if you really want to be a longer time frame trader you can train your brain for it on demo.
  • #6,683
  • Jan 3, 2014 7:21am Jan 3, 2014 7:21am
Quoting maflip
{quote} I don't base it on pips per day. I base it on 1% gain per day but so far today I made more than 1% already, 1% is a small gain per day but I'd rather make 1% than loose 1% so its alright. Yeah I think trading style should be based on your personality. However, I think the human brain can be trained so if you really want to be a longer time frame trader you can train your brain for it on demo.
You have an average of how long this being profitable with this system?
  • #6,684
  • Jan 3, 2014 8:32am Jan 3, 2014 8:32am
Quoting maflip
{quote} We missed a good EU short my friend just because we are done trading today lol. {image}
Well i did miss a lot of pips. I missed 1 long and 2 short set ups in EU. Could have gained another 20pips.
But its ok. I had an appointment with some clients just now.

I am new to this thread but i have been observing the thread and i have been using it for some time now.
I have my own system with combination of genesis and some other stuff in it, but its mostly for longer term trades.

This system is very good for scalping and high accuracy.
I just focus on the 2 patterns Favorite taught. Thats all i need.
Pivot Boss in the making~
  • #6,685
  • Jan 3, 2014 9:27am Jan 3, 2014 9:27am
Hi guys,
Im new here. Been following this thread for a while but have not had the chance to really try the setup out. People who have been using this, for how long and what kinda returns have you guys seen? The reason im here is I have tried many types of trading but scalping is the closest to my heart. I just love the quick action, the in and out and not waiting days for targets hitting or getting stopped. I like knowing am i right or wrong now, at this very moment, if right, make money, if not get out. So guys any advice/feedback would be greatly appreciated.
  • #6,686
  • Jan 3, 2014 9:37am Jan 3, 2014 9:37am
Quoting jurn_e
{quote} Well i did miss a lot of pips. I missed 1 long and 2 short set ups in EU. Could have gained another 20pips. But its ok. I had an appointment with some clients just now. I am new to this thread but i have been observing the thread and i have been using it for some time now. I have my own system with combination of genesis and some other stuff in it, but its mostly for longer term trades. This system is very good for scalping and high accuracy. I just focus on the 2 patterns Favorite taught. Thats all i need.
Hi Jurn_e, and thanks.

Can you show me where you lost these 3 trades ?
  • #6,687
  • Edited Jan 4, 2014 3:10am Jan 3, 2014 12:09pm | Edited Jan 4, 2014 3:10am
Quoting lumiche
{quote} You have an average of how long this being profitable with this system?
I've only been scalping live for about 3 and half months the first 2 and half months is on another platform. You can see my previous posts when I was trading on another platform around late August. I'm still a new trader so I can't safely say I'm a profitable trader yet I need at least maybe 1 year to be continuously profitable to safely say I graduated. So, I'm still long ways from there. But, from what I've seen on other traders they made money on a demo trading this but when they went live everything goes south from there must be the emotion clouding up the judgement or something I don't know.

So the system alone is not enough to make you profitable it depends on you too.
  • #6,688
  • Jan 3, 2014 3:47pm Jan 3, 2014 3:47pm
Hi jurn e,
your charts are the only ones in this thread that make sense to me.
Is there some place that I can get the indies and your template?
What would you do if you knew you could not fail?
  • #6,689
  • Jan 3, 2014 7:46pm Jan 3, 2014 7:46pm
Quoting The Sparrow
Hi jurn e, your charts are the only ones in this thread that make sense to me. Is there some place that I can get the indies and your template?
try this Post 5,430
Pivot Boss in the making~
  • #6,690
  • Jan 4, 2014 2:11pm Jan 4, 2014 2:11pm
Thank you.
What would you do if you knew you could not fail?
  • #6,691
  • Jan 4, 2014 4:51pm Jan 4, 2014 4:51pm
That helps to do re-enter on trend (TMA repainting and...confused me.. ). And, How you struggling with a problem like these places (flet)?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy-m1-forex-trend-limited-2.png Size: 18 KB
Click to Enlarge Name: eurjpy-m1-forex-trend-limited.png Size: 17 KB
  • #6,692
  • Edited 5:35am Jan 5, 2014 5:14am | Edited 5:35am
Quoting Alex1932
That helps to do re-enter on trend (TMA repainting and...confused me.. ). And, How you struggling with a problem like these places (flet)? {image} {image}
For chart 1, there's a reason I have TMA slope on my chart. Look at post 6664 http://www.forexfactory.com/showthre...62#post7184962 TMA M15 is -1.05 trend on a higher time frame is very strong to the downside so I shorted at the next cross of Chinkou vs Tenkan after a touch of the TMA upper band even if there's no beyond the cloud trade yet. I will never counter trend on a strong down trend like that. If you are using babon you can try shorting after the touch of the cloud and when babon turns red. However, it is easy to determine whether there is a strong trend through price action the TMA slope is just there as visual it's not a trading signal and I don't care what TMA M1 says I mostly look at the TMA M15 value for direction and yes it repaints again that's why I don't care what TMA M1 says. I used to not have TMA slope on my chart but it's easier to see what the bigger time frame is doing in one chart so I added it. Your choice, you can just be flat if you want to it wont hurt as long as you did not loose that day. Or, look at another pair. On Jurn_E's chart he seems to look at TMA M5 with his M1 so that's his choice I look at M15 so we are slightly different. So, pick what works for you.

For chart 2, TMA M15 would most likely show ranging below 40 (I prefer below 30) that's when TMA M1 beyond M5 trades come in. If there's no setup, no trade. I don't trade the whole day that's why during the busiest time only. If you like, try trading only when the TMA slope on the M15/H1 is only at above 45 it's the safest for you to trade the beyond the cloud patterns there. You gotta be patient though some days may not have it. Speaking of which... Can anyone code the TMA slope to alert when it's value is above 40?

You can learn more about TMA here at this thread http://www.forexfactory.com/showthread.php?t=343533 but basically it's a trend when TMA Slope is above/below 40 and ranging below that.

Cool?

Keep practicing.
  • #6,693
  • Jan 5, 2014 5:46am Jan 5, 2014 5:46am
Cool! Thanks for advice!
  • #6,694
  • Jan 5, 2014 9:00am Jan 5, 2014 9:00am
For me the biggest filter on which pairs to trade is the the TMA size (distance between upper and lower bands). I use this as a volatility index. There are quite a few indicators that show this function, but I am yet unsuccessful in finding a king of dashboard, that shows TMA size across pairs.

Does anybody have any suggestions?

I have attached the one of the indicators I currently use.
Attached File(s)
File Type: mq4 Scalper's TMA Panel.mq4   26 KB | 451 downloads
  • #6,695
  • Jan 6, 2014 2:42am Jan 6, 2014 2:42am
TMA beyond cloud

EJ +40pips. nothing to shout about.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-06_1619.png Size: 54 KB
Pivot Boss in the making~
  • #6,696
  • Jan 6, 2014 3:00am Jan 6, 2014 3:00am
Quoting jurn_e
TMA beyond cloud EJ +40pips. nothing to shout about. {image}
I took this trade as well earned 50 pips on that trade and took the retrace M1 beyond m5 for +10. Total of 60+ for the day
Island hopping throughout the Caribbean
  • #6,697
  • Jan 6, 2014 3:37am Jan 6, 2014 3:37am
I took these trades today, its been a great trading day so far +90. Here a re my trades, just the standard babon entries
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 6-01-13.png Size: 75 KB
Island hopping throughout the Caribbean
  • #6,698
  • Jan 6, 2014 4:00am Jan 6, 2014 4:00am
Good for you two hit the mark 100% today huh? I'm 3 trades with 1 full stop out today. Up 3% for the day.

<--- Done and going to bed
  • #6,699
  • Jan 6, 2014 4:14am Jan 6, 2014 4:14am
Quoting maflip
Good for you two hit the mark 100% today huh? I'm 3 trades with 1 full stop out today. Up 3% for the day. <--- Done and going to bed
I was able to micromanage the the big one using a 3-bar stop and got out at 50 pips, the second trade I could have gone +20 on but settled for 15 pips as it was counter-trend. I spotted the divergence in the market on the 3rd trade and m1 TMA was beyond m5 and took +9, another counter-trend trade. and the final trade was standard Babon entry +15....so you could say 2 hit the mark. My best trading day in a long while.......long may it continue
Island hopping throughout the Caribbean
  • #6,700
  • Jan 6, 2014 4:17am Jan 6, 2014 4:17am
Quoting dumplin_eater
{quote} I was able to micromanage the the big one using a 3-bar stop and got out at 50 pips, the second trade I could have gone +20 on but settled for 15 pips as it was counter-trend. I spotted the divergence in the market on the 3rd trade and m1 TMA was beyond m5 and took +9, another counter-trend trade. and the final trade was standard Babon entry +15....so you could say 2 hit the mark. My best trading day in a long while.......long may it continue
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