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Testing High Leverage Compounding

  • #81
  • May 17, 2015 11:57pm May 17, 2015 11:57pm
Quoting MZen
{quote} You have described what would constitute inside bars on higher time frame or triangles or pendants. Am I right? So, you would continue in direction of previous move on brake of high/low of last movement?
Yes that's how they are formed on the lower TFs.

Since I'm trading with the trend, I wouldn't consider the reverse entry... Often it even is a false break, or it simply doesn't have the fuel to travel far... So I would always wait for the trend entry
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  • #82
  • May 18, 2015 3:49am May 18, 2015 3:49am
Done with London session +50% ... Have large open buy trade running with stop at BE and jumping stop 20 pip... see how it goes

The scaling in edge I developed over the weekend is working brilliantly. My stop on this open trade was 3 pips.
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  • #83
  • May 18, 2015 7:12am May 18, 2015 7:12am
Nothing to do this NY session. Counter-trend moves...
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  • #84
  • May 18, 2015 7:48am May 18, 2015 7:48am
E/U lots of bull-trap today... If you see 15 min trend it is down, stay away from buying or get in and out quickly. Until a clear shift happens that is.

When order flow is confused i.e. HTF and smaller TF don't agree, you get alot of random moves and whipsaws. Everyone is trying to wrestle control of the market...

Which is good if you are trading both directions and taking profit/cutting losses quickly.
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  • #85
  • May 18, 2015 7:58am May 18, 2015 7:58am
I think EU there'll be one big move down that starts around NYSE open... that's about it... it's chop and bull trap until then..
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  • #86
  • May 18, 2015 8:43am May 18, 2015 8:43am
Price hit where the real demand is... wouldn't be surprised if we reversed here..

I'm seeing a sharp move with divergence, high tick volume, and PRE 3pm GMT... and the many waved move down... all combinations of an ending price action.
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  • #87
  • May 18, 2015 9:20am May 18, 2015 9:20am
Quoting shellsnail
Price hit where the real demand is... wouldn't be surprised if we reversed here.. I'm seeing a sharp move with divergence, high tick volume, and PRE 3pm GMT... and the many waved move down... all combinations of an ending price action.
Although this demand level seems likely to break... will probably chop around here for an hour or so and provide repeatable scalps/entries for long/short depending on your view.. but today's move is probably almost 80% done.

I'm actually trading this on live account, but it's a small account set up to trade like playing a sport... largely intuitive -- cut losses quickly and let profits run.. Since my size is small, not much emotions involved.
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  • #88
  • May 18, 2015 9:58am May 18, 2015 9:58am
Scale-in With Tight Stop

Attached Image (click to enlarge)
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Success!
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  • #89
  • May 18, 2015 10:58pm May 18, 2015 10:58pm
Quoting shellsnail
Scale-in With Tight Stop {image} Success!
I scale in similar to this but a bit of advice..
Try leaving more room between that first cluster of entries and the higher ones...
I see you're probably B/E but in my experience you'll end up giving back your profits majority of the time.
You should try and be patient and leave about 1:2
  • #90
  • May 19, 2015 12:30am May 19, 2015 12:30am
Quoting RBlackburn
{quote} I scale in similar to this but a bit of advice.. Try leaving more room between that first cluster of entries and the higher ones... I see you're probably B/E but in my experience you'll end up giving back your profits majority of the time. You should try and be patient and leave about 1:2
Depends on target.. if i do this during high volatility hours, around 1/4 of the time it will be a runner +60-80 pips.

Thanks!
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  • #91
  • May 19, 2015 1:25am May 19, 2015 1:25am
Trying to go long GU this session.
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  • #92
  • May 19, 2015 1:30am May 19, 2015 1:30am
Quoting shellsnail
Trying to go long GU this session.
Cool, have a look @ EUR/JPY too there's a good potential long there of that 135.27- ish level
Good luck today..
  • #93
  • May 19, 2015 1:31am May 19, 2015 1:31am
Quoting shellsnail
{quote} Depends on target.. if i do this during high volatility hours, around 1/4 of the time it will be a runner +60-80 pips. Thanks!
Fair enough, if it works for you coool..
  • #94
  • May 19, 2015 1:38am May 19, 2015 1:38am
Quoting RBlackburn
{quote} Cool, have a look @ EUR/JPY too there's a good potential long there of that 135.27- ish level Good luck today..
Thank you Good luck to you too.

I only trade EU and GU for intraday live!
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  • #95
  • May 19, 2015 1:43am May 19, 2015 1:43am
Full sized long initiated

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  • #96
  • May 19, 2015 1:49am May 19, 2015 1:49am
Stops at BE.(partial profit) Let it rip.
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  • #97
  • May 19, 2015 1:54am May 19, 2015 1:54am
Quoting shellsnail
Full sized long initiated {image}
Not a bad entry man... eur/jpy also tracking the same higher...

You could easily make 100% on your account from that gbp trade IMO
  • #98
  • May 19, 2015 1:56am May 19, 2015 1:56am
BTW this entire live system I am trading is fully rule-based. None of it is random or left to intuition. For those who don't believe that it's possible for a mechanical system to be profitable.. watch and see the next couple months.

I would code it to an EA if I knew how to write MQL...
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  • #99
  • May 19, 2015 1:58am May 19, 2015 1:58am
Quoting shellsnail
BTW this entire live system I am trading is fully rule-based. None of it is random or left to intuition. For those who don't believe that it's possible for a mechanical system to be profitable.. watch and see the next couple months.
Oh ok, i thought you were just using discretion..
What system are you using?
  • #100
  • May 19, 2015 1:59am May 19, 2015 1:59am
Quoting RBlackburn
{quote} Oh ok, i thought you were just using discretion.. What system are you using?
I can't share it now... when I succeed and make a million dollars I'll share it here for free.
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