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Daytrading/scalping with high leverage - my proven strategy

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  • #8,161
  • Jul 23, 2015 9:16am Jul 23, 2015 9:16am
Quoting maflip
{quote} I bet you are using the old TMA indicator. Get the new one here. http://www.forexfactory.com/showthre...56#post8373556 I also use fractal breakout entries the indicator is here. http://www.forexfactory.com/showthre...76#post8362476 The TMA slopes indicator multiple TF is just something I'm looking at to see if I have any use for. So far it looks interesting. I got it from the Trading is as simple as ABCD forum. Name is Dashboard TMA http://www.forexfactory.com/showthre...43#post8386343...
Thanks for your sharing!!! Great help =)
  • #8,162
  • Jul 27, 2015 2:22am Jul 27, 2015 2:22am
Quoting calvinkok
{quote} Thanks for your sharing!!! Great help =)
You're welcome. This strategy works just scalp pairs with good volatility.
  • #8,163
  • Jul 27, 2015 2:23am Jul 27, 2015 2:23am
Like this one. Strong on the Euro today.

-4 stopped out
then re enter +21
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  • #8,164
  • Aug 19, 2015 11:03am Aug 19, 2015 11:03am
Maflip i admire your new integration.
Motivation is what gets you started. Habit is what keeps you going
  • #8,165
  • Edited 1:48am Aug 20, 2015 1:27am | Edited 1:48am
tentative first try





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closely followed by another though, in hindsight, would the shape of A, B C in comparison to the previous M1 downtrend suggest uncertainty so trade was high risk?

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  • #8,166
  • Aug 20, 2015 3:46am Aug 20, 2015 3:46am
Quoting efestus
Maflip i admire your new integration.
You are welcome. In addition, try putting fibonacci time zone there. This will save you getting into trades too early. On your MT4 chart add fib time zone 1.50 I added that there because it could be the area where market fakes out a trend continuation then it goes the opposite direction safest is when its at time zone 2 if it goes to time zone 3 then you are in a channel skip that pair and go home. Adding this time zone is important specially when the trend has been going on for hours. The pull back will be huge and you might enter too early. See the chart below, at number 2 it's when the breakout back to the downside continued to happen at the 1.50 area is a pain staking bunch of fakeouts and annoying up and down swings.

Also, this currency strength indicator is helping me alot from the http://www.forexfactory.com/showthread.php?t=545718 forum it tells me which is the safest pair to trade.
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  • #8,167
  • Aug 20, 2015 3:58am Aug 20, 2015 3:58am
Hi Maflip,

Do you draw the fib timezones manually or use and indicator?

Regards,
Fawaz
  • #8,168
  • Aug 20, 2015 4:01am Aug 20, 2015 4:01am
Quoting maflip
{quote} You are welcome. In addition, try putting fibonacci time zone there. This will save you getting into trades too early. On your MT4 chart add fib time zone 1.50 I added that there because it could be the area where market fakes out a trend continuation then it goes the opposite direction safest is when its at time zone 2 if it goes to time zone 3 then you are in a channel skip that pair and go home. Adding this time zone is important specially when the trend has been going on for hours. The pull back will be huge and you might enter too...

See how MaDash is helping me. USDCHF and AUDJPY is the pair to trade right now. Guess where I'm waiting to get the pullback? Get that MadDash indicator it's very usefull.
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  • #8,169
  • Aug 20, 2015 4:02am Aug 20, 2015 4:02am
Quoting baddindian
Hi Maflip, Do you draw the fib timezones manually or use and indicator? Regards, Fawaz
From the latest swing high to low if it's too confusing use the swing high to low of the 5 mins chart.
  • #8,170
  • Aug 20, 2015 4:11am Aug 20, 2015 4:11am
Quoting baddindian
Hi Maflip, Do you draw the fib timezones manually or use and indicator? Regards, Fawaz
There's too much micro swings at the 1m. So looking at the swings of the 5m is cleaner. Here... But entry is at the M1.
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  • #8,171
  • Aug 20, 2015 4:30am Aug 20, 2015 4:30am
So far still doing good. My monthly goal is just a modest 20% per month but I'm already up more than 50% this month. I might even hit it close to 80% gain this month. I will find out I guess.
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  • #8,172
  • Aug 20, 2015 4:31am Aug 20, 2015 4:31am
Awesome. Thanks Maflip!!
  • #8,173
  • Aug 20, 2015 4:34am Aug 20, 2015 4:34am
Quoting baddindian
Awesome. Thanks Maflip!!
Cool read the favorite.pdf then somewhere here I posted how I use the upper/lower bands of TMA's to hunt for potential trades. I added that rule so we would stay away from non moving pairs.
  • #8,174
  • Aug 20, 2015 4:43am Aug 20, 2015 4:43am
Quoting maflip
{quote} Cool read the favorite.pdf then somewhere here I posted how I use the upper/lower bands of TMA's to hunt for potential trades. I added that rule so we would stay away from non moving pairs.
Could you point me to the post # or page # please.
  • #8,175
  • Aug 20, 2015 5:01am Aug 20, 2015 5:01am
Quoting baddindian
{quote} Could you point me to the post # or page # please.
Others use it to counter trend I use it to see if a pair moves and if there is a HH / HL / LL / LH on H1 chart. You can use TMAM15 or for more pips TMAH1. I don't trade the breakout I trade the pullback.

http://www.forexfactory.com/showthre...90#post8374390
  • #8,176
  • Aug 20, 2015 5:55am Aug 20, 2015 5:55am
And Maflip dings it again +10 on USDCHF... But this might go down more ok. It's just this is a scalp trade.
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  • #8,177
  • Aug 21, 2015 3:22am Aug 21, 2015 3:22am
Hello Maflip!
Do I understand right: you use H1 without TMS details now? Only HH\HL and LL\LH for local trend direction?
Just an opinion. Based on research
  • #8,178
  • Aug 21, 2015 6:55am Aug 21, 2015 6:55am
Quoting maflip
Like this one. Strong on the Euro today. -4 stopped out then re enter +21 {image}
And one more question about the moment of enter I'm trying to understand your vision of "pullback". This (quoted) trade you entered after the price went out through the cloud. But in your last trade (http://www.forexfactory.com/showthre...31#post8445931) you enter from the center of the cloud. Could you clen please!
Just an opinion. Based on research
  • #8,179
  • Aug 21, 2015 2:01pm Aug 21, 2015 2:01pm
Quoting since80808
{quote} And one more question about the moment of enter I'm trying to understand your vision of "pullback". This (quoted) trade you entered after the price went out through the cloud. But in your last trade (http://www.forexfactory.com/showthre...31#post8445931) you enter from the center of the cloud. Could you clen please!
First I want the pullback to go below the cloud and the time zone past 1.5 nearing around 1.6 to 2.0. If you look at both charts the time distance is the same. On chart two yes its at the center of the cloud but time distance is similar to chart 1 then I anticipated it will break below it anyway. I dont have fib time zones on M1 because its on my M5 chart. Also, I put more value on price action rather than TMS TDI Heikin Ashi etc etc so HH/HL/LL/LH I put more weight into it. I also look for reversal patterns which my favorite is the pin bar reversal on H1.

BTW this fib time zone is something new I added. I figured I need to add something because at times I would look at a trend that is going on for hours and I knew the pullback would be huge and long so I experimented with fib time zone and hey I was right the pullback ended and resumed with the trend after the pullback equaled the first spike move. So then, I started adding it into my trading. Seems to work well. Downside is sometimes I would miss a trade.

On chart #2 I broke the pullback below the cloud rule and I exited early.
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  • #8,180
  • Aug 21, 2015 2:11pm Aug 21, 2015 2:11pm
And by the way forgive me for not explaining how I do things in complete. I tried doing it once and no one can seem to make it work for them so I gave up hah hah. And another thing. I am so bad at explaining things.
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