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Daytrading/scalping with high leverage - my proven strategy

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  • #8,321
  • May 1, 2016 5:05pm May 1, 2016 5:05pm
Quoting sniper4x
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.
Hello and welcome!

I'm not sure you will ever get "corret" answer about it. Please note that babon system is a pure price action system. Indicators are only to make PA more visible. And price action is very subjective thing, so there are not any "objective" results of it's percentage winning ratio

Regards, Michael
Aggressive, High Risk, High Gain, High Accuracy
  • #8,322
  • May 1, 2016 6:24pm May 1, 2016 6:24pm
Quoting pretorian1
{quote} Hello and welcome! I'm not sure you will ever get "corret" answer about it. Please note that babon system is a pure price action system. Indicators are only to make PA more visible. And price action is very subjective thing, so there are not any "objective" results of it's percentage winning ratio Regards, Michael

Hi pretorian, Thanks for tha advice and the lance beggs pdf. Ok i will study deeper the price action thing. I think it is the Holy grail to become profitable. Thanks sir. I think there are so many good guys here in FF that willing to help others.
  • #8,323
  • May 2, 2016 10:44am May 2, 2016 10:44am
Hi guys, I wonder who is the original creator of Babon and why it is called Babon? Not really important but im just curious.
And is Lance Beggs also use Babon in his trading.?
  • #8,324
  • May 3, 2016 12:10am May 3, 2016 12:10am
Quoting sniper4x
Hi guys, I wonder who is the original creator of Babon and why it is called Babon? Not really important but im just curious. And is Lance Beggs also use Babon in his trading.?
http://www.forexfactory.com/showthread.php?p=6609629

I dont know if Lance Beggs uses Babon.
MY SITTING, NEVER MY THINKING!
  • #8,325
  • May 3, 2016 12:13am May 3, 2016 12:13am
Quoting sniper4x
Hi guys, I wonder who is the original creator of Babon and why it is called Babon? Not really important but im just curious. And is Lance Beggs also use Babon in his trading.?
Creator is Favorite. No longer posts here... I don't know why he called it Babon. Favorite is Russian... So is it some kind of Russian name...???
  • #8,326
  • May 3, 2016 12:40am May 3, 2016 12:40am
Quoting maflip
{quote} Creator is Favorite. No longer posts here... I don't know why he called it Babon. Favorite is Russian... So is it some kind of Russian name...???

Ok I see. Are you all guys also use Babon? Can you share experience in using this strategy.
  • #8,327
  • May 3, 2016 2:04am May 3, 2016 2:04am
Quoting sniper4x
{quote} Ok I see. Are you all guys also use Babon? Can you share experience in using this strategy.
From time to time, i like scalping with babon and catch small pips. around 5-10pip.
My experience with babon is good.

Always remember that indicators are just some guidance. If a trader dont read the price action, the indicator(s) are useless.
MY SITTING, NEVER MY THINKING!
  • #8,328
  • May 4, 2016 4:59pm May 4, 2016 4:59pm
Quoting merrygold
{quote} From time to time, i like scalping with babon and catch small pips. around 5-10pip. My experience with babon is good. Always remember that indicators are just some guidance. If a trader dont read the price action, the indicator(s) are useless.
Hi, you are right merrygold, we must to know to read the price action . Since I study the price action my reading of the market improve. Thanks to you guys especially to pretorian for sharing the PDF. .
  • #8,329
  • May 4, 2016 5:02pm May 4, 2016 5:02pm
Quoting maflip
{quote} Creator is Favorite. No longer posts here... I don't know why he called it Babon. Favorite is Russian... So is it some kind of Russian name...???
Oh it's sad Favorite no longer posted here anymore. Is also DNA not posted here?
  • #8,330
  • May 4, 2016 9:57pm May 4, 2016 9:57pm
Quoting merrygold
{quote} From time to time, i like scalping with babon and catch small pips. around 5-10pip. My experience with babon is good. Always remember that indicators are just some guidance. If a trader dont read the price action, the indicator(s) are useless.
It is always a good decision to take the number of pips that we are getting in our trading as that will enable us to make some profits well before the markets will start to reverse their directions.
FXOpen - International True ECN Broker
  • #8,331
  • May 23, 2016 4:09pm May 23, 2016 4:09pm
Quoting EuroScalper
{quote} It is always a good decision to take the number of pips that we are getting in our trading as that will enable us to make some profits well before the markets will start to reverse their directions.
When scalping, i use fixed tp. That Works the best for me :-) i use wukar tm, So i Dont need to set tp
MY SITTING, NEVER MY THINKING!
  • #8,332
  • May 23, 2016 5:13pm May 23, 2016 5:13pm
Quoting merrygold
{quote} When scalping, i use fixed tp. That Works the best for me :-) i use wukar tm, So i Dont need to set tp
Hi merrygold. In your scalping method what are your usual risk and reward ratio? How many pips is your Take profit and your SL?
  • #8,333
  • May 23, 2016 11:36pm May 23, 2016 11:36pm
Quoting maflip
{quote} Creator is Favorite. No longer posts here... I don't know why he called it Babon. Favorite is Russian... So is it some kind of Russian name...???

Babon is the name of method created by Favorite I believe.
  • #8,334
  • May 24, 2016 12:03am May 24, 2016 12:03am
Quoting sniper4x
{quote} Hi merrygold. In your scalping method what are your usual risk and reward ratio? How many pips is your Take profit and your SL?
Like most scalping, the rr is not the best. When i scalp i have a tp @ 5pips for major with a 10pip sl. and on exotic i have tp @ 10pip with a sl between 13-17pip
MY SITTING, NEVER MY THINKING!
  • #8,335
  • May 24, 2016 12:24am May 24, 2016 12:24am
I started trying this system last Friday, so far, I am doing ok. Maybe just beginners luck I don't know. Sometimes I can take 50 pips in GJ. I do look at higher time frames just like what the manual says. I trade UJ/GJ. I got a long earlier on GJ but closed early. I figured, I should first wait for the pair to break it's range before trying again.

Who, else got success in this? I know Machinator trades this well....
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  • #8,336
  • May 24, 2016 12:38am May 24, 2016 12:38am
Oh wow I never should have doubted. GJ just went up 60 pips and I only took in 5 pips. I took the long because there was an upwards trend line there.
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  • #8,337
  • May 24, 2016 4:11am May 24, 2016 4:11am
Quoting Maimai
I started trying this system last Friday, so far, I am doing ok. Maybe just beginners luck I don't know. Sometimes I can take 50 pips in GJ. I do look at higher time frames just like what the manual says. I trade UJ/GJ. I got a long earlier on GJ but closed early. I figured, I should first wait for the pair to break it's range before trying again. Who, else got success in this? I know Machinator trades this well.... {image}
Hey Maimai,

Cool that a new trader wants to try this method.

GBPJPY is a wild beast at times, but with narrow spread its a good pair for scalping. Do you use dnas' money management (1pip=1%) to trade your trade explorer?


Trade safe


M
MY SITTING, NEVER MY THINKING!
  • #8,338
  • Edited 4:58am May 24, 2016 4:26am | Edited 4:58am
Quoting merrygold
{quote} Hey Maimai, Cool that a new trader wants to try this method. GBPJPY is a wild beast at times, but with narrow spread its a good pair for scalping. Do you use dnas' money management (1pip=1%) to trade your trade explorer? Trade safe M
No I don't use that money management too agressive. If I do go live I think the risk I will only take is 1% per trade. That is maybe after 6 months of profitable trading on demo.

I'm long on UJ. I think I followed all the rules. Let's see what happens.

* Edit. Well I took an early exit. It's taking too long to move, so +1 and dollar seems loosing momentum.
  • #8,339
  • May 24, 2016 5:12am May 24, 2016 5:12am
Quoting Maimai
{quote} No I don't use that money management too agressive. If I do go live I think the risk I will only take is 1% per trade. That is maybe after 6 months of profitable trading on demo. I'm long on UJ. I think I followed all the rules. Let's see what happens. * Edit. Well I took an early exit. It's taking too long to move, so +1 and dollar seems loosing momentum.
Oh It would have been +9. Would be nice if this thread is active again. Help each other out on the entries. H1 and H4 in agreement... But I chickened out and only took +1.
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  • #8,340
  • Jun 14, 2016 1:53am Jun 14, 2016 1:53am
Hi, and thanks for share your experience.

Which trading software is needed to load the templates and indicators you publish in this thread?
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