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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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  • #7,081
  • May 16, 2014 12:21am May 16, 2014 12:21am
Just came back from the Annual Spring Arts Festival in my son's school and on reviewing the charts I am amused at the repetition of the same structure playing out again on the EJ

 

  1. Retracement beyond/outside the MA Ribbon
  2. Bounce off the DPV
  3. Return into the Ribbon
  4. A potential H4 Engulfing candle (that has now completed)

Result was a nice short trade for at least 10 pips, and more potential when the active market opens

Attached Image (click to enlarge)
Click to Enlarge Name: EJ Trade Setup2 - 5152014.gif Size: 72 KB
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  • #7,082
  • May 16, 2014 2:36am May 16, 2014 2:36am
First trade this morning on london opening, 2 possible entries, the first early (isn't following all rules) and the 2nd normal entry.
With the first you gain 15 pips or with the second 12 pips
Attached Image (click to enlarge)
Click to Enlarge Name: capture.png Size: 74 KB
My name is Martin... Martin Gale
  • #7,083
  • May 16, 2014 3:57am May 16, 2014 3:57am
Quoting condor666
First trade this morning on london opening, 2 possible entries, the first early (isn't following all rules) and the 2nd normal entry. With the first you gain 15 pips or with the second 12 pips {image}
Hey condor666,

what exactly are your rules in placing your trades?
  • #7,084
  • May 16, 2014 4:49am May 16, 2014 4:49am
Quoting acey2424
{quote} Hey condor666, what exactly are your rules in placing your trades?
1- Only long above cloud and short below
2- Genesis has only one color for the 2nd square
3- EMA above LWMA for long
4- box breakout
My name is Martin... Martin Gale
  • #7,085
  • May 16, 2014 5:02am May 16, 2014 5:02am
My last trade for today +10.5 pips :
Attached Image (click to enlarge)
Click to Enlarge Name: capture.png Size: 60 KB
My name is Martin... Martin Gale
  • #7,086
  • May 16, 2014 6:25am May 16, 2014 6:25am
Quoting condor666
My last trade for today +10.5 pips : {image}
Hi condor666

Did you make +10.5 with 5 standard lots on this trade?
We miss 100% of the shots we don't take
  • #7,087
  • May 16, 2014 6:44am May 16, 2014 6:44am
Quoting Rooi
{quote} Hi condor666 Did you make +10.5 with 5 standard lots on this trade?
Yes, but for the moment on demo
My name is Martin... Martin Gale
  • #7,088
  • May 16, 2014 9:03am May 16, 2014 9:03am
Quoting condor666
{quote} Yes, but for the moment on demo
Ok.

Still nice trading
We miss 100% of the shots we don't take
  • #7,089
  • May 16, 2014 9:12am May 16, 2014 9:12am
Quoting Rooi
{quote} Ok. Still nice trading
Tomorrow i'll start a new idea, one trade per day just after the London session opening with a huge leverage.
My name is Martin... Martin Gale
  • #7,090
  • May 16, 2014 12:03pm May 16, 2014 12:03pm
Quoting condor666
{quote} It depends, on the last chart it was the M4 line often i use these lines or a signal reversal.
Hi condor666,

thanks for the answer. could you a bit more clarify what the M4 line means and the signal reversal is a breakout in the opposit direction?
Thanks again your contribution.

Regards
  • #7,091
  • May 16, 2014 12:43pm May 16, 2014 12:43pm
Quoting condor666
{quote} Tomorrow i'll start a new idea, one trade per day just after the London session opening with a huge leverage.
i like your style, but, my friend,
tomorrow is saturday!!!!!

i dont think london will open to test your strategy!!!

next week i'll start a new experiment, you inspired me!!
  • #7,092
  • May 16, 2014 12:47pm May 16, 2014 12:47pm
Quoting dnabrasil
{quote} i like your style, but, my friend, tomorrow is saturday!!!!! i dont think london will open to test your strategy!!! next week i'll start a new experiment, you inspired me!!
LOL
On monday...
My name is Martin... Martin Gale
  • #7,093
  • May 16, 2014 12:51pm May 16, 2014 12:51pm
Quoting killerno
{quote} Hi condor666, thanks for the answer. could you a bit more clarify what the M4 line means and the signal reversal is a breakout in the opposit direction? Thanks again your contribution. Regards
- M4 is the median line between R1 and R2
- M3 between Pivot and R1
- M2 between Pivot and S1
- M1 between S1 and S2
My name is Martin... Martin Gale
  • #7,094
  • May 16, 2014 4:20pm May 16, 2014 4:20pm
Quoting condor666
{quote} - M4 is the median line between R1 and R2 - M3 between Pivot and R1 - M2 between Pivot and S1 - M1 between S1 and S2
Thanks for the answer it is clear now and what do you mean by signal reversal? Breakout in opposite direction or TMASlopeTrue change in opposite direction?

regards
  • #7,095
  • May 17, 2014 12:32am May 17, 2014 12:32am
If i'm long and genesis go red on the 4 squares that would be a reversal for me.
My name is Martin... Martin Gale
  • #7,096
  • May 17, 2014 1:08am May 17, 2014 1:08am
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  • #7,097
  • May 17, 2014 2:54am May 17, 2014 2:54am
Quoting HedgeManager
{image}
mmmh.....

it seem's you don't read a lot of the thread?

but, hey, there's no problem!
  • #7,098
  • May 17, 2014 3:32am May 17, 2014 3:32am
For my first post, it will be a little long, bare with me Read couple of the thread first pages posts. Understood dna idea behind his strategy. If not wrong, he has a goal of making money quickly for the purpose of living from trading, others may have same goal for another purpose of buying a car or furniture or house in short time, increasing the risk to accomplish that. Some might find news trading the perfect strategy to make money fast to rest for the whole month, and it's highly risky than dna system, but isn't it a winning one for some traders?, IT IS.
Not convinced of 2.5 tp, very low pip amount compared to what the market can give. Some judged dna of the high risky system, i don't find it like that, not as a system, rather as pip amount can be reached easily when trader knows the system pros and cons(when to trade). In a sideway market, dna and other scalpers can win up to 10 pip(not just 2.5) in no time. People who commented of london open or nfp news will wipe dna account do not understand the simplest idea behind dna system and are ignorant to be honest.

@dna: Encourage you go for little more pips(ex. 10). When have years of experience to come out with the system for a living, must had known the approximate exit(SL) other than no exit, had you try few pip sl strategies for your system, maybe exit below the kumo if bought or above if sold, or whatever?
Had you experimented a one pair that works best for your system in certain time, session?
  • #7,099
  • May 17, 2014 6:03am May 17, 2014 6:03am
condor666,

i can't see when it's 100% breakout of AIMS Box, or it will repaint and cover the current bar later... Its possible only when we have for example 3-4 bars of one height and then a higher bar? I just got confused a little...
  • #7,100
  • May 17, 2014 6:09am May 17, 2014 6:09am
Quoting icerock
condor666, i can't see when it's 100% breakout of AIMS Box, or it will repaint and cover the current bar later... Its possible only when we have for example 3-4 bars of one height and then a higher bar? I just got confused a little...
Yes, often it repaints 2 bars after breakout.
My name is Martin... Martin Gale
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