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Daytrading/scalping with high leverage - my proven strategy

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  • #7,641
  • Nov 4, 2014 11:05am Nov 4, 2014 11:05am
Quoting Danomilisha
Hi Favorite, First of all. Thank you and great job. Been reading your posts and it amazes me on how much you are willing to share.
Yes, I'm a giver! It's like the good boxer-punchers usually say: it's better to give than to receive!



Quoting Danomilisha
Babon slope and ichimoku seems to be working just fine. Any idea. May I know what moving averages are they?
Babon is a Hull MA, TMA is a Triangular MA.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #7,642
  • Nov 4, 2014 4:51pm Nov 4, 2014 4:51pm
Quoting Favorite
{quote} {quote} No, I already switched to 745, for me it works just fine. Try this one, it has been created for people who have the same problem: {file} {file}
It works... , you're a great man FAv !!!!
  • #7,643
  • Nov 4, 2014 7:33pm Nov 4, 2014 7:33pm
It Works now Thanks Favorite . Time to test....
  • #7,644
  • Nov 4, 2014 7:57pm Nov 4, 2014 7:57pm
Hi FAV,
Thank you for sharing ur Baboon system, I was recommended by Alorente to learn ur system.
But since we have to open 3 windows for 1 pair, I think we cannot trade multiple pairs then.
Perhaps I will concentrate only on 1 or 2 pairs.

FAV, which pairs did u choose for this system nowadays ? still the old ones ??
And would you mind posting 1 or 2 of ur recent trades ?

Thanks again FAV!
  • #7,645
  • Nov 4, 2014 11:33pm Nov 4, 2014 11:33pm
Quoting budim2006
Hi FAV, Thank you for sharing ur Baboon system, I was recommended by Alorente to learn ur system. But since we have to open 3 windows for 1 pair, I think we cannot trade multiple pairs then. Perhaps I will concentrate only on 1 or 2 pairs. FAV, which pairs did u choose for this system nowadays ? still the old ones ?? And would you mind posting 1 or 2 of ur recent trades ? Thanks again FAV!

budim2006, right now I don't trade Babon, so I can't post any trades. I stopped trading Babon not because it doesn't work anymore (it still works just fine), but because now I'm concentrated on trading exclusively M1, without looking at the H1 charts.

Choosing 2 pairs seems to be the right thing to do. If you trade mostly Asia and London Open, I'd say EURJPY and EURUSD is the best choice.

P.S. It is nice to know that Alorente recommended my system. Thank you, Al!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #7,646
  • Nov 4, 2014 11:33pm Nov 4, 2014 11:33pm
Quoting Danomilisha
It Works now Thanks Favorite . Time to test....
Cool!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #7,647
  • Nov 4, 2014 11:34pm Nov 4, 2014 11:34pm
Quoting budim2006
you're a great man FAv !!!!
I know, I know!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #7,648
  • Nov 5, 2014 3:36am Nov 5, 2014 3:36am
Quoting Favorite
{quote} budim2006, right now I don't trade Babon, so I can't post any trades. I stopped trading Babon not because it doesn't work anymore (it still works just fine), but because now I'm concentrated on trading exclusively M1, without looking at the H1 charts. Choosing 2 pairs seems to be the right thing to do. If you trade mostly Asia and London Open, I'd say EURJPY and EURUSD is the best choice. P.S. It is nice to know that Alorente recommended my system. Thank you, Al!
I think I will trade in NY open until NY lunch , which pairs do you recommends ......?
  • #7,649
  • Nov 5, 2014 3:50am Nov 5, 2014 3:50am
Quoting Favorite
{quote} forexdaist, you are the man! My favorites are: Mikhail Bulgakov, Fyodor Dostoyevsky and, of course, "The Twelve Chairs" and "The Little Golden Calf" by Ilf and Petrov!
I know Bulgakov it's a must read, but still haven't got the time... I'll look info for Petrov and Ilf, that I don't know.


thank you
toni
  • #7,650
  • Nov 5, 2014 4:03am Nov 5, 2014 4:03am
Quoting Favorite
{quote} budim2006, right now I don't trade Babon, so I can't post any trades. I stopped trading Babon not because it doesn't work anymore (it still works just fine), but because now I'm concentrated on trading exclusively M1, without looking at the H1 charts. Choosing 2 pairs seems to be the right thing to do. If you trade mostly Asia and London Open, I'd say EURJPY and EURUSD is the best choice. P.S. It is nice to know that Alorente recommended my system. Thank you, Al!
Hey, I heared about this new "way of trading" you doing now. Is it the same strategy but in 1M, isn't it? Will do you explain some day?


thank you
toni
  • #7,651
  • Nov 5, 2014 7:29am Nov 5, 2014 7:29am
Quoting budim2006
I think I will trade in NY open until NY lunch , which pairs do you recommends ......?
EURJPY and USDCAD
Gentlemen always play by the rules. If they can't, they change the rules.
  • #7,652
  • Nov 5, 2014 7:31am Nov 5, 2014 7:31am
Quoting forexdaist
I'll look info for Petrov and Ilf, that I don't know. thank you toni
http://en.wikipedia.org/wiki/Ostap_Bender
Gentlemen always play by the rules. If they can't, they change the rules.
  • #7,653
  • Nov 5, 2014 7:41am Nov 5, 2014 7:41am
Quoting forexdaist
Is it the same strategy but in 1M, isn't it?
No, it is a different system. Entries are based mostly on William's Percent Range, there are different and more powerful filters etc. I still use Babon's M1 patterns and Babon's exits.

Quoting forexdaist
Will do you explain some day?
Yes, of course! But it will take a little while, because first I want to make sure that the system is not only safe and profitable, but also easy and simple, so even the newbies can use it.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #7,654
  • Nov 5, 2014 8:11am Nov 5, 2014 8:11am
Quoting Favorite
{quote} EURJPY and USDCAD
Got to take a ride of this system...
  • #7,655
  • Nov 6, 2014 1:47pm Nov 6, 2014 1:47pm
Quoting Favorite
{quote} I know, I know!
I subscribe at what budim said about you!
What do you say about trading pattern "Double breakout" on the 1H timeframe?
Do you traded this pattern in the past? Do you know people who trade this pattern?
Every information about this, is much appreciated.
Thank you for all!
  • #7,656
  • Nov 6, 2014 10:52pm Nov 6, 2014 10:52pm
Quoting Flaviu1981
{quote} I subscribe at what budim said about you! What do you say about trading pattern "Double breakout" on the 1H timeframe? Do you traded this pattern in the past? Do you know people who trade this pattern? Every information about this, is much appreciated. Thank you for all!
Hi Flaviu1981!

Babon is M1 system, so I never traded the pattern "Double breakout" per se, but I always paid attention to it and traded M1 accordingly.

I knew only one trader who traded the H1 pattern "Double breakout" itself, but I haven't communicated with him for a long time. As far as I remember he traded the pattern only if both TDI H1 and TDI H4 would show the same direction as the "Double breakout".
Gentlemen always play by the rules. If they can't, they change the rules.
  • #7,657
  • Nov 11, 2014 10:14am Nov 11, 2014 10:14am
Hi , can you please post the .tpl and .mq4 again please....im confused which ones are the upgraded ones, thanks a lot
  • #7,658
  • Nov 11, 2014 6:16pm Nov 11, 2014 6:16pm
Hi jditch1, use the Babon Final version in this link http://www.forexfactory.com/showthre...14566&page=168
All indicators and templates still the same , except for tma.mq4.
Use the latest post by Favorite , few pages back ...
  • #7,659
  • Nov 11, 2014 7:16pm Nov 11, 2014 7:16pm
Quoting budim2006
Hi jditch1, use the Babon Final version in this link http://www.forexfactory.com/showthre...14566&page=168 All indicators and templates still the same , except for tma.mq4. Use the latest post by Favorite , few pages back ...
thanks, i have all bullets ready now, ,,,
  • #7,660
  • Nov 13, 2014 6:04pm Nov 13, 2014 6:04pm
Hi all,

Is there anybody still have the PDF 'The most important price action patterns for Babon traders' ??
I have downloaded the file but it seems corrupted....

Anybody can share the file ...?

Thank you!
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