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Daytrading/scalping with high leverage - my proven strategy

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  • #8,301
  • Apr 7, 2016 5:33am Apr 7, 2016 5:33am
Quoting Westcoast
Good to see this thread active again after all this time. Also, nice to know folks still using it becz they found something that works. This fits me so well becz I was tired of seeing +20 pips go to break even trying to hold. I am still reading it and studying it. But I am trading the method from Favorite with the added fxfisher that was recommended. I trade two pairs with the classic trade and an additional three pairs with the TMA M1 beyond the ichimoku cloud and naked trading. Today I wrapped up the +118 pips in less than 3 hours (ny session)....
Hi West, thanks for posting!
Really glad to hear about your possitive results ,keep them up and,please, continue posting.
Agree about Lance Beggs staff ,it is contain all somebody's need to know about how to trade in any market. Understanding the Price Action is the key,and any working system's job is just visualize this in simple manner.
Take care and all the best!

Rgs.,
Success is nothing more than a few simple disciplines, practiced every day.
  • #8,302
  • Apr 7, 2016 11:55am Apr 7, 2016 11:55am
Quoting Westcoast
Good to see this thread active again after all this time. Also, nice to know folks still using it becz they found something that works. This fits me so well becz I was tired of seeing +20 pips go to break even trying to hold. I am still reading it and studying it. But I am trading the method from Favorite with the added fxfisher that was recommended. I trade two pairs with the classic trade and an additional three pairs with the TMA M1 beyond the ichimoku cloud and naked trading. Today I wrapped up the +118 pips in less than 3 hours (ny session)....
Quoting Machinator
{quote} Hi West, thanks for posting! Really glad to hear about your possitive results ,keep them up and,please, continue posting. Agree about Lance Beggs staff ,it is contain all somebody's need to know about how to trade in any market. Understanding the Price Action is the key,and any working system's job is just visualize this in simple manner. Take care and all the best! Rgs.,
Hello guys! Very glad to read all the new posts here and hear that you guys are still kicking market's ass using Babon system! About Lance Begg's books, I have all his PDF's and simplified summary for Babon so if anyone is interested, i can send you them on the mail
I tried to attach them some time ago, but moderators have deleted them from here

Regards, and wish you many green pips!
Michael
Aggressive, High Risk, High Gain, High Accuracy
  • #8,303
  • Apr 20, 2016 7:54pm Apr 20, 2016 7:54pm
Quoting pretorian1
{quote} {quote} Hello guys! Very glad to read all the new posts here and hear that you guys are still kicking market's ass using Babon system! About Lance Begg's books, I have all his PDF's and simplified summary for Babon so if anyone is interested, i can send you them on the mail I tried to attach them some time ago, but moderators have deleted them from here Regards, and wish you many green pips! Michael
Hey, I'm interested in the simplified summary. Please do send!
Also, my TMA is not showing the brown bands so I'm not sure what's going on.
-AG
  • #8,304
  • Edited 4:57am Apr 22, 2016 4:15am | Edited 4:57am
Attachment Attachment http://prntscr.com/avd3o2

I capcured one of my trades today. EUR JPY
Heike Ashi and TDI H1 looked good and price seemed to bounce down after reaching SR.
M1 shows patern TMA beyond the cloud and I marked the trade with two horizontal lines.

Can somebody more experience judge wheter it was corect entry based on rules? I aim to do 2 to 3 trades with tp just 2 or 3 pips kind of DNA MM style.

Thanks to everybody for participating in this thread!
Attached Image (click to enlarge)
Click to Enlarge Name: spR4eRO.png Size: 117 KB
  • #8,305
  • Apr 25, 2016 1:54am Apr 25, 2016 1:54am
Quoting GoldenGecko
{quote} Hey, I'm interested in the simplified summary. Please do send! Also, my TMA is not showing the brown bands so I'm not sure what's going on.
Hello GoldenGecko,
send me your mail on private message

Quoting lewap
19115091911509http://prntscr.com/avd3o2 I capcured one of my trades today. EUR JPY Heike Ashi and TDI H1 looked good and price seemed to bounce down after reaching SR. M1 shows patern TMA beyond the cloud and I marked the trade with two horizontal lines. Can somebody more experience judge wheter it was corect entry based on rules? I aim to do 2 to 3 trades with tp just 2 or 3 pips kind of DNA MM style. Thanks to everybody for participating in this thread! {image}
Hello lewap,
I'm not sure if the distance to TMA M5 wasn't too small, you need at least 10 pips to open a trade. I also recommend bigger TP's than 2-3 pips. Usually if all the conditions are met, and also you see a pattern TMA M1 beyond chimoku Cloud, you can expect very good trade so it is unneccesary to limit your profits.
Babon contains 3 "levels" of exit trade on 3 TMA bands, so use it for the exits. Otherwise, bad RR ratio, can kill your profits
That's my humble opinion

Regards, Michael
Aggressive, High Risk, High Gain, High Accuracy
  • #8,306
  • Apr 25, 2016 3:03am Apr 25, 2016 3:03am
Quoting lewap
19115091911509http://prntscr.com/avd3o2 I capcured one of my trades today. EUR JPY Heike Ashi and TDI H1 looked good and price seemed to bounce down after reaching SR. M1 shows patern TMA beyond the cloud and I marked the trade with two horizontal lines. Can somebody more experience judge wheter it was corect entry based on rules? I aim to do 2 to 3 trades with tp just 2 or 3 pips kind of DNA MM style. Thanks to everybody for participating in this thread! {image}
Attached Image (click to enlarge)
Click to Enlarge Name: spR4eRO.png Size: 148 KB

Rgs.,
Success is nothing more than a few simple disciplines, practiced every day.
  • #8,307
  • Apr 25, 2016 7:17am Apr 25, 2016 7:17am
Thank you guys for your replies! Its motivation to be more precise. I still have many things to improve. Unfortunately I dont have enought time to trade because of my job so thats why I set small default TP even it makes bad RR. I did quite a few trades on demo account and after I analyzed it I found myself most succesfull with this small trades no woder why. Its easier to quess next 3 pips than 30. I also realized what you Machiator mentioned its more important to not to do many trades. Important is to do only few trades but in the moment when all the conditions meet up (aparantly I still cannot recognize this moments properly ). Thats why I want to make something what kenthelion did and fill it up before every trade.
Thank you guys!
  • #8,308
  • Apr 26, 2016 2:22am Apr 26, 2016 2:22am
Hello everyone.

First trades of the night. +7 and +12
If trusted the break of support would of taken +20 at the red m15 tma

This method works. I had trouble understanding how to evaluate the H1 chart, so I started using the TMA slope and after back and forward testing, I found the direction of m5 and m15 works best for me with Kumo breakout as confirmation.
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  • #8,309
  • Apr 26, 2016 7:49am Apr 26, 2016 7:49am
i cant see any channel in my chart pls share the required temp and indicators
Attached Image (click to enlarge)
Click to Enlarge Name: h1.PNG Size: 36 KB
stay cool when trade begins
  • #8,310
  • Apr 26, 2016 8:08am Apr 26, 2016 8:08am
Quoting rajkumar3192
i cant see any channel in my chart pls share the required temp and indicators {image}
Open 'Show indicator list' go to settings in the indicator and allow visualization on all tmeframes.
MY SITTING, NEVER MY THINKING!
  • #8,311
  • Apr 26, 2016 8:41am Apr 26, 2016 8:41am
Quoting merrygold
{quote} Open 'Show indicator list' go to settings in the indicator and allow visualization on all tmeframes.
i cant able to see any channels and i had allowed visualization in all timeframes also
Attached Image
stay cool when trade begins
  • #8,312
  • Apr 26, 2016 8:47am Apr 26, 2016 8:47am
Quoting rajkumar3192
{quote} i cant able to see any channels and i had allowed visualization in all timeframes also {image}
Oh my bad! - Use the Babon A and B template. Remember to download the indicators.

When the templates was saved, the indicators was only visual in the 1m tf, choose the indicator on the list, press edit and allow visualization all timeframes.
MY SITTING, NEVER MY THINKING!
  • #8,313
  • Apr 26, 2016 9:14am Apr 26, 2016 9:14am
Quoting merrygold
{quote} Oh my bad! - Use the Babon A and B template. Remember to download the indicators. When the templates was saved, the indicators was only visual in the 1m tf, choose the indicator on the list, press edit and allow visualization all timeframes.
i cant able to add this indicator ..
Attached Image
stay cool when trade begins
  • #8,314
  • Apr 26, 2016 9:24am Apr 26, 2016 9:24am
Quoting rajkumar3192
{quote} i cant able to add this indicator .. {image}
What does your journal say when you try to add indicator?
MY SITTING, NEVER MY THINKING!
  • #8,315
  • Apr 26, 2016 9:45am Apr 26, 2016 9:45am
Quoting rajkumar3192
i cant see any channel in my chart pls share the required temp and indicators {image}
Hello,
Make sure, you're using the lastest indicators, suitable to your current MT4 version.

http://www.forexfactory.com/showthre...56#post8373556

Here i posted the last indicators and templates, that I'm still using

Regards, Michael
Aggressive, High Risk, High Gain, High Accuracy
  • #8,316
  • Apr 26, 2016 12:03pm Apr 26, 2016 12:03pm
Quoting pretorian1
{quote} Hello, Make sure, you're using the lastest indicators, suitable to your current MT4 version. http://www.forexfactory.com/showthre...56#post8373556 Here i posted the last indicators and templates, that I'm still using Regards, Michael
thanks for your reply pretorian 1 but still missing those channels
Attached Image (click to enlarge)
Click to Enlarge Name: h1.PNG Size: 49 KB
stay cool when trade begins
  • #8,317
  • Apr 26, 2016 12:47pm Apr 26, 2016 12:47pm
Quoting rajkumar3192
{quote} thanks for your reply pretorian 1 but still missing those channels {image}
Hi ,Rajkumar!
Please,download working indies & templates from here http://www.forexfactory.com/showthre...49#post8351749

# Dear Michael,please reupload files u shared,something is missed or wrong with one of them.

Rgs.,
David.
Success is nothing more than a few simple disciplines, practiced every day.
  • #8,318
  • Apr 26, 2016 1:18pm Apr 26, 2016 1:18pm
Quoting rajkumar3192
{quote} thanks for your reply pretorian 1 but still missing those channels {image}
Quoting Machinator
{quote} Hi ,Rajkumar! Please,download working indies & templates from here http://www.forexfactory.com/showthre...49#post8351749 # Dear Michael,please reupload files u shared,something is missed or wrong with one of them. Rgs., David.
Hello,
Just replace TMAs for these ones, and it should be good, they are working for me. I've checked them 5 minutes ago, with templates i've posted, and it's working.
I have no idea why the ones i posted do not appear even on my MT4... (checked them on new, pure MT4)
Unforntunatelly i cannot edit my post with indicators anymore

Regards, Michael
Attached File(s)
File Type: ex4 TMA.ex4   10 KB | 459 downloads
File Type: mq4 TMA.mq4   8 KB | 553 downloads
Aggressive, High Risk, High Gain, High Accuracy
  • #8,319
  • Apr 27, 2016 12:58am Apr 27, 2016 12:58am
Quoting Machinator
{quote} Hi ,Rajkumar! Please,download working indies & templates from here http://www.forexfactory.com/showthre...49#post8351749 # Dear Michael,please reupload files u shared,something is missed or wrong with one of them. Rgs., David.
thanks machinator .. it helped me
stay cool when trade begins
  • #8,320
  • Apr 30, 2016 6:21pm Apr 30, 2016 6:21pm
Hi guys, newbie here. this is a gigantic thread in FF. I think there is so much more good happening here. I wonder what is a winning percentage of using Babon system? I guess is quiet large enough. Very much appreciated your reply.
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