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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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  • #7,721
  • Dec 1, 2014 9:14am Dec 1, 2014 9:14am
Quoting simitch
Hi guys! I know that Fav is not here but i've a question to ask: Which indicator is really the babon slope? is a moving average?

Yes They a Moving Average
  • #7,722
  • Dec 1, 2014 5:02pm Dec 1, 2014 5:02pm
Not bad for todays trade
I can't complain
Due to my day job i couldn't concentrate fully on my trade.
I less than 2 hours babon gave me free 50 pips
if i had followed dnabrasil MM sytle well, i could have proudly said i made 50% of my my capital in less than two hours.
That is really amazing, Babon works
Well i do not recommend what i did though just follow the rules anyway.
If you must know, I opened close to ten active trades all on M1 baboon, I followed the rules,PA was good and kept apropriate Tp on all no SL at all. In the future i would just trade few pairs to reduce stress.
Well if you must know what happened to my live account, i didnt follow babon rule because I traded too early when market was very thin and it was first opening in the week again, very bad move i made i must accept it
Then I got a good gripe of the system in my demo account, I am getting better at this i know for sure, babon is very good, stick to the rules and discipline yourself till you become a Sensei in doing so.
i would recommend not to go to early on a trade when the setup isnt complete you would end up loosing it, when i can tell that to myself also.
Patience is the key, and emotion management.
Babon is a winning system, it speaks for itself.
For now, i would take my breaks and just watch the market and learn more.
Thank you very much Mike, you are indeed a man of prominent value.
May the forces of the pips be with you all.
Festus.
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  • #7,723
  • Dec 1, 2014 6:39pm Dec 1, 2014 6:39pm
Quoting emfestus
Not bad for todays trade I can't complain Due to my day job i couldn't concentrate fully on my trade. I less than 2 hours babon gave me free 50 pips if i had followed dnabrasil MM sytle well, i could have proudly said i made 50% of my my capital in less than two hours. That is really amazing, Babon works Well i do not recommend what i did though just follow the rules anyway. If you must know, I opened close to ten active trades all on M1 baboon, I followed the rules,PA was good and kept apropriate Tp on all no SL at all. In the future i would just...
Back into Demo again ?? how's ur live account ? already busted in 2 days ?
  • #7,724
  • Dec 1, 2014 8:15pm Dec 1, 2014 8:15pm
Quoting budim2006
{quote} Back into Demo again ?? how's ur live account ? already busted in 2 days ?


Well I took the wrong the CT's and i got burnt,
My live acc not completely busted, just wanted to get some fresh air on a demo.
I am not always able to trade long time as i have not more than 3 hours to trade.
Well i get the right time, i would trade on my Live Account.
i keep getting better every minute
  • #7,725
  • Dec 1, 2014 9:03pm Dec 1, 2014 9:03pm
My Broker on MT4 completely frozen i don't cant do anything.
I cant even close any trade, i just checked with another broker MT4 price has moved against me badly.

For the recs, i was good with 58 in less than three hours before my broker MT4 went to sleep indefinitely, just so you know
  • #7,726
  • Dec 2, 2014 12:51am Dec 2, 2014 12:51am
Quoting emfestus
Not bad for todays trade I can't complain Due to my day job i couldn't concentrate fully on my trade. I less than 2 hours babon gave me free 50 pips if i had followed dnabrasil MM sytle well, i could have proudly said i made 50% of my my capital in less than two hours. That is really amazing, Babon works Well i do not recommend what i did though just follow the rules anyway. If you must know, I opened close to ten active trades all on M1 baboon, I followed the rules,PA was good and kept apropriate Tp on all no SL at all. In the future i would just...
Dear friend,no doubt about Babon it is good winning system,but why in this case you dont follow the primitive rules of the system.One of them is a hard stop of 15 pips for crosses.On the state above all your trades don't have SL. And dont tell me about mental levels of limit losses,the thing I don't belive. For example you can have 50 winners in row,and only one trade can destroy all your progress,and instead of loosing let's say 5% ,you will blow up all your profit if not the deposit itself.Think about it.

Regards,
David.
Success is nothing more than a few simple disciplines, practiced every day.
  • #7,727
  • Dec 2, 2014 12:56am Dec 2, 2014 12:56am
Quoting budim2006
{quote} Thanks for your information DAvid! but I cannot find the KLondike 18 on the forum, could you inform me the link ? Best, B
Easily! http://forumargolab.net/threads/%D0%...%80.281/page-3
The same link you can find on Favorite's profile,in his provided firewell link.
Success is nothing more than a few simple disciplines, practiced every day.
  • #7,728
  • Dec 2, 2014 1:01am Dec 2, 2014 1:01am
Quoting simitch
Hi guys! I know that Fav is not here but i've a question to ask: Which indicator is really the babon slope? is a moving average?
The Babon slope is a Hull MA, if you want to dig deeper just google it))

Regards!
Success is nothing more than a few simple disciplines, practiced every day.
  • #7,729
  • Dec 2, 2014 2:21am Dec 2, 2014 2:21am
Quoting Machinator
{quote} Dear friend,no doubt about Babon it is good winning system,but why in this case you dont follow the primitive rules of the system.One of them is a hard stop of 15 pips for crosses.On the state above all your trades don't have SL. And dont tell me about mental levels of limit losses,the thing I don't belive. For example you can have 50 winners in row,and only one trade can destroy all your progress,and instead of loosing let's say 5% ,you will blow up all your profit if not the deposit itself.Think about it. Regards, David.
Absolutely agree. Also, when brushing up using Demo, it is a good idea to trade in the same manner that you would live. Would you have 10 open positions live? Hell, i trade this on 4-6 screens every day, and I would never have more than 3 open at a time.
  • #7,730
  • Dec 2, 2014 2:58am Dec 2, 2014 2:58am
Quoting Machinator
{quote} Dear friend,no doubt about Babon it is good winning system,but why in this case you dont follow the primitive rules of the system.One of them is a hard stop of 15 pips for crosses.On the state above all your trades don't have SL. And dont tell me about mental levels of limit losses,the thing I don't belive. For example you can have 50 winners in row,and only one trade can destroy all your progress,and instead of loosing let's say 5% ,you will blow up all your profit if not the deposit itself.Think about it. Regards, David.
Machinator,
You are right,
I need an SL for a new change.
do you know an ea that can do this as soon as i open a trade?
  • #7,731
  • Dec 2, 2014 3:14am Dec 2, 2014 3:14am
Quoting emfestus
{quote} Machinator, You are right, I need an SL for a new change. do you know an ea that can do this as soon as i open a trade?
Your broker provides free One click trading EA for their MT4 platforms.Try it, really nice and useful tool for manual trading.
Success is nothing more than a few simple disciplines, practiced every day.
  • #7,732
  • Dec 2, 2014 3:31am Dec 2, 2014 3:31am
Quoting Machinator
{quote} Your broker provides free One click trading EA for their MT4 platforms.Try it, really nice and useful tool for manual trading.
Yeah, True


No need for an EA..
  • #7,733
  • Dec 2, 2014 5:01am Dec 2, 2014 5:01am
Quoting emfestus
I recently just started a live account after successfully trading babon Style. Lets See how the new week goes. Special thanks to you all. May the force of the pips be with you all.
Good luck to you Emfestus. Happy pips season
  • #7,734
  • Dec 2, 2014 10:13pm Dec 2, 2014 10:13pm
Quoting 15pips
{quote} if you are interested to change your life,click http://www.forexfactory.com/showthread.php?t=480090

@dnabrasil @favorite.


Nicely done

You just made the fellow very great.
  • #7,735
  • Dec 2, 2014 11:12pm Dec 2, 2014 11:12pm
thanks emfestus!
  • #7,736
  • Dec 2, 2014 11:18pm Dec 2, 2014 11:18pm
Quoting cyd09
thanks emfestus!
Glad to be to of service

  • #7,737
  • Dec 3, 2014 6:45am Dec 3, 2014 6:45am
Hi everyone,

Please i will like to get a knowledge from anyone better who can determine the possibility of this trade. Do you think of it as a Buy/Sell ?

I would take for a buy possible pull back. Any advice please.

Thanks
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  • #7,738
  • Dec 3, 2014 6:52am Dec 3, 2014 6:52am
Hi,

I changed computer in November all my files i have from this will it post a babon.tpl and i also miss Your broker provides free One click trading EA for their MT4 platforms.Try it, really nice and useful tool for manual trading


Regards,
  • #7,739
  • Dec 3, 2014 7:53am Dec 3, 2014 7:53am
Quoting demateo
Hi, I changed computer in November all my files i have from this will it post a babon.tpl and i also miss Your broker provides free One click trading EA for their MT4 platforms.Try it, really nice and useful tool for manual trading Regards,
How do you set a SL,with the one click entry? Is it automatic? Or do you have to input it manually after the position is open?
  • #7,740
  • Dec 3, 2014 7:57am Dec 3, 2014 7:57am
Quoting Pdforex
Hi everyone, Please i will like to get a knowledge from anyone better who can determine the possibility of this trade. Do you think of it as a Buy/Sell ? I would take for a buy possible pull back. Any advice please. Thanks {image}
My thought is why bother? I would wait for the 1 hr to come back inside the 4 hr TMA....price to establish a movement firm bottom to top, then look for long trades according to Babon and TMA1 above the cloud.

Money is not so easily made that we forget our edge and just blindly gamble with it..
it could as easily continue to extend down as turn at this point. Why the rush to get in? HA still red etc....I see No reason whatsoever to establish a long position at the point.
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