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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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  • #7,541
  • Oct 8, 2014 1:53am Oct 8, 2014 1:53am
My 1st 2 trades and GBPJPY continues to drop like a stone but I am happy with what the market gave me I'm going for a snooze as I am very tired.

Good trading to all

Shalom
Attached Image (click to enlarge)
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Low Risk Low Stress High Reward High Probability Trades
  • #7,542
  • Oct 8, 2014 10:33pm Oct 8, 2014 10:33pm
Another quick short in the GJ bringing return for October to 73% with 31 trades in total and only one loss

Wishing all green pips.

Shalom , and God bless
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: October Equity Graph - 10092014.gif Size: 6 KB
Low Risk Low Stress High Reward High Probability Trades
  • #7,543
  • Oct 8, 2014 10:56pm Oct 8, 2014 10:56pm
Hello 919, what was the criteria for entries on your last 2 charts ? Thanks.
  • #7,544
  • Edited Oct 9, 2014 2:43pm Oct 8, 2014 11:09pm | Edited Oct 9, 2014 2:43pm
Quoting metta87
Hello 919, what was the criteria for entries on your last 2 charts ? Thanks.

I am not a good example for pure Babon trading as I mix Babon with my personal trading system. The first trade was taken based on GBP weakness on the currency strength meter - it seem early on the system but the weakness was obvious. So I re-entered on the classic Babon entry with M1 beyond the Cloud.

The last trade was also taken based on GBP weakness but JPY strength was not convincing, so I waited for price to break below 174.75 but was very sure it will break the daily open line. So I combine Babon + Currency Strength + my personal trading system.

Cheers

NB
Attached is a sample of the strength meter (M1 to H1) I watch, and can be used with any system but I have found Babon one of the best to combine my system with. I'm off to snooze and will be back during the US session. Shalom
Attached Image (click to enlarge)
Click to Enlarge Name: Linear Currency Strength Meter.gif Size: 60 KB
Low Risk Low Stress High Reward High Probability Trades
  • #7,545
  • Oct 9, 2014 1:12am Oct 9, 2014 1:12am
I was going to snooze but couldn't resist this trade - a perfect example of currency strength with Babon

I'm off to snooze now, and good trading to all

Shalom
Attached Image (click to enlarge)
Click to Enlarge Name: GJ Trade2 - 10082014.gif Size: 60 KB
Low Risk Low Stress High Reward High Probability Trades
  • #7,546
  • Oct 10, 2014 12:27am Oct 10, 2014 12:27am
Good morning and good night, depending on where you're trading from in this global village

Have a nice week end all, and remember "Discipline is the bridge between goals and accomplishment." - Jim Rohn

Shalom and God bless
Attached Image (click to enlarge)
Click to Enlarge Name: GJ Trade2 - 10092014.gif Size: 51 KB
Low Risk Low Stress High Reward High Probability Trades
  • #7,547
  • Oct 10, 2014 1:18am Oct 10, 2014 1:18am
919, can u upload ur TMA indi and template plis??

thanks in advance and....good trades!
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #7,548
  • Oct 10, 2014 1:50am Oct 10, 2014 1:50am
When I downloaded the TMA indicator, as this is the only indicator I use with this method, I compiled the TMA.mq4 in MT4 Build 711's metaeditor, and got many error messages/warnings.

Is there a more recent version of the TMA indicator so it works well with the latest MT4 build? ALSO, a GREAT feature to have with this is a parameter added for number of candles back. This indicator is heavy on processing, especially with pairs such as EUR/USD that has a great deal of history. It surely doesn't need to go back to 2004 or earlier unless we put the NumberofCandles back in the settings.

When adding many pairs to watch, the TMA slows things down. I have a very powerful computer, so it's not processing...but even with my powerful system, if MT4 isn't written to take advantage of the quad chips, it won't matter.

By the way, I got these indicators off page 1 where the templates are. I didn't check the others, as I only use the TMA indicator. But you all may want to check and see if there are errors. Could cause issues in MT4 that you're not aware of.

Just curious, but may I ask who is in charge of making sure these indicators work well when MT4 is updated? Seems that someone needs to monitor this. I would take this on as I am most thankful for the individual posting this method, however, I'm not a programmer.

Please let me know, and thanks for the system

jbozman
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  • #7,549
  • Oct 10, 2014 3:38am Oct 10, 2014 3:38am
Quoting tnavi
919, can u upload ur TMA indi and template plis?? thanks in advance and....good trades!

My TMA indy is the same one on this thread and several traders have posted the indicator, so just click on the clip sign at the top of the page or search in the thread for the indicator. Unfortunately, I don't have a transferable temple as I'm still using build 509 but I think Michael (Pretorian) may be able to help if you ask him.

Cheers, and good trading
Low Risk Low Stress High Reward High Probability Trades
  • #7,550
  • Oct 10, 2014 3:46am Oct 10, 2014 3:46am
I took another GJ short that almost nixed me but I survived and closed for 10 pips as price touched and bounced off the M15 TMA. I entered the trade as price broke below yesterday's low but price moved against me almost immediately. I stayed in the trade because the HTF Stox & HTF CSM supported continuation of the downtrend and was rewarded with 10 pips.

I should take a snooze now and wish all a good week end.

Shalom , and God bless

George
Attached Image (click to enlarge)
Click to Enlarge Name: GJ Trade1 - 10102014.gif Size: 53 KB
Low Risk Low Stress High Reward High Probability Trades
  • #7,551
  • Oct 10, 2014 4:17am Oct 10, 2014 4:17am
First trade using this method. I should have waited for candel close, I closed when price touched M1 TMA.
I took the liberty of using your template 919gilead, hope that's ok?
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  • #7,552
  • Oct 10, 2014 4:46am Oct 10, 2014 4:46am
Hi George

I see you still use the Bh ergodic that I introduced you to, to good effect I must add. Brilliant trading this month, keep it up it is inspiring us wannabee's.

You may also like this mtf Stochastic3 indi I have found, it shows current + two higher tf's in one. Once used to it on screen it becomes so convenient not to keep changing tf's to see what is happening on the longer sides.

I will add a Screen shot to show how it integrates with Babon as filter/confirmation.

Rest well during the weekend so that you can show us the way again next week.
Attached Image (click to enlarge)
Click to Enlarge Name: BabonTradesEU.png Size: 125 KB
Attached File(s)
File Type: mq4 Stochastic3.mq4   4 KB | 478 downloads
When all conditions are met - Enter trade - sit back and FRET !!!
  • #7,553
  • Oct 10, 2014 4:54am Oct 10, 2014 4:54am
Quoting 919gilead
I took another GJ short that almost nixed me but I survived and closed for 10 pips as price touched and bounced off the M15 TMA. I entered the trade as price broke below yesterday's low but price moved against me almost immediately. I stayed in the trade because the HTF Stox & HTF CSM supported continuation of the downtrend and was rewarded with 10 pips. I should take a snooze now and wish all a good week end. Shalom , and God bless George {image}
Hey George! 1/3 of month has gone and you almost double your deposit!
Nice and predictable results from U!
Have a wonderful impressions on weekend!
Take care and ''Winter Monday is Coming'')) see u!!


David.
Success is nothing more than a few simple disciplines, practiced every day.
  • #7,554
  • Oct 10, 2014 5:51am Oct 10, 2014 5:51am
#I don't know who are these guys https://twitter.com/GSElevator ,but probably every quote here is a little masterpiece.Have a nice reading dear fellows and weekend as well.
Done for today with f...cking(sorry my french!) lots of pips!!

David.
Success is nothing more than a few simple disciplines, practiced every day.
  • #7,555
  • Edited 7:59pm Oct 10, 2014 7:25pm | Edited 7:59pm
Quoting jsf
Hi George I see you still use the Bh ergodic that I introduced you to, to good effect I must add. Brilliant trading this month, keep it up it is inspiring us wannabee's. You may also like this mtf Stochastic3 indi I have found, it shows current + two higher tf's in one. Once used to it on screen it becomes so convenient not to keep changing tf's to see what is happening on the longer sides. I will add a Screen shot to show how it integrates with Babon as filter/confirmation. Rest well during the weekend so that you can show us the way again next...
Hi JSF,

I abandoned the indicator and just went back to it late last month, as it is a very good indicator. The 21-3-3 Stox does mimic it pretty well and so I use tthe BHE and leave the Stox @ 11-3-3 instead. Yes thank you very much it has been a very good month and I trust to keep a level head in the weeks and months ahead.

Thank you for the MTF Stox and the screenshot. I don't like those one liner Stox as I want to see the line separation of each TF and so I use the single TF MTF Stox.

Will take a well deserved rest this week end and will be thankful to God for all He has done for me and my family, and for people He brought into my life to impact me one way or the other. It's thanksgiving day here in Canada on Monday.

Cheers, and have a good week end.

Shalom , and God bless
Attached Image
Low Risk Low Stress High Reward High Probability Trades
  • #7,556
  • Oct 10, 2014 7:28pm Oct 10, 2014 7:28pm
Quoting danhei
First trade using this method. I should have waited for candel close, I closed when price touched M1 TMA. I took the liberty of using your template 919gilead, hope that's ok? {image}

Good job Dan You're not using my template as the tools (indicators) were freely shared with us by Favorite and others on this thread, so enjoy
Low Risk Low Stress High Reward High Probability Trades
  • #7,557
  • Oct 10, 2014 7:32pm Oct 10, 2014 7:32pm
Quoting Machinator
{quote} Hey George! 1/3 of month has gone and you almost double your deposit! Nice and predictable results from U! Have a wonderful impressions on weekend! Take care and ''Winter Monday is Coming'')) see u!! David.
Thanks David

I will try to keep a level head and thread the market mines very cautiously while as always for divine inspiration and assistance.

Shalom my friend and have a good one.

God bless
Low Risk Low Stress High Reward High Probability Trades
  • #7,558
  • Oct 11, 2014 4:38am Oct 11, 2014 4:38am
Quoting 919gilead
Another quick one with the help of the CSM You will not believe how much you can make on a 3 pip here, 5 pip there, 7 pip here, 10 pip there on a full size account. And before you know it, you get the really big one Good trading to all Shalom {image}
Quoting 919gilead
{quote} Good trade DE You never know what a 2 pip here, 5 pip there and a 10 pip thereafter can do to an account. I have posted a 50% return from October 1st trading this way. Keep it up. Shalom

I thought I'll share one key thing about my trading strategy which is to take whatever the market gives me. I said this in post 84 as highlighted above, in the Currency Index Trading thread on Sept 2 and repeated the same thing on this thread in post 7540 about a month after, on October 7.

I am not a great trader and there is nothing special or great about my trading result. I am willing to take a 2 pip here, 5 pip there, and a 10 pip thereafter with the hope that the big one will come along the line. Look at the enclosed trading report, you will notice that only 8 of the 35 trades I took were over 7 pips and yet I posted a 93% profit in 8 trading days. I try to cover the commission and anything thereafter is good profit as far as I am concerned. I therefore try not to give back what the market has given me - I don't worry about what is left on the table!!! And you know what, I have a fulltime job, I am 8 hours behind London and 3 hours behind US market open and still try to trade. We can do it guys, let's try

My philosophy is "Slow and Steady" (consistency) wins the race. A net 2 pips after commission done 10 times a day will give 20 pips and on a full size lot is $200 per day. As you then build pips and confidence, you can improve your system as long as you don't take unnecessary risk. I intend to introduce more discipline and patience into the strategy from next week.

Just some thoughts in case it helps someone.

Shalom and a good one to all

Cheers, and God bless

George
Attached Image (click to enlarge)
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Attached Image
Low Risk Low Stress High Reward High Probability Trades
  • #7,559
  • Oct 11, 2014 7:15am Oct 11, 2014 7:15am
Quoting 919gilead
{quote} {quote} I thought I'll share one key thing about my trading strategy which is to take whatever the market gives me. I said this in post 84 as highlighted above, in the Currency Index Trading thread on Sept 2 and repeated the same thing on this thread in post 7540 about a month after, on October 7. I am not a great trader and there is nothing special or great about my trading result. I...
  • #7,560
  • Oct 11, 2014 7:40am Oct 11, 2014 7:40am
Quoting 919gilead
{quote} {quote} I thought I'll share one key thing about my trading strategy which is to take whatever the market gives me. I said this in post 84 as highlighted above, in the Currency Index Trading thread on Sept 2 and repeated the same thing on this thread in post 7540 about a month after, on October 7. I am not a great trader and there is nothing special or great about my trading result. I...
Hey George!)
just nothing to be surprised, it is not even arguable as it is a fact, that with the same philosophy in action ''two pips here ,five to six pips there'' during a time people with the same nationality as you are,make the world's bank system their own))

Take care and Shalom to all of us!
Success is nothing more than a few simple disciplines, practiced every day.
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