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Daytrading/scalping with high leverage - my proven strategy

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  • #8,361
  • Jul 14, 2016 2:34pm Jul 14, 2016 2:34pm
Quoting condor666
I have 0.9 returns. It's not one trade, i took some big risks in the end, here are the trades : {image} The indicators i use are bollinger bands and ichimoku and i trade on a 10s chart, my trades only lasts 1 minute. Today i've traded approx 1 hour for the 100% result.
What makes you trade binarys instead of forex from a forexbroker ? And your hit rate must be high, Is this a good day or can you do it like this every day almost for a mounth ?

Best regards
  • #8,362
  • Jul 14, 2016 2:48pm Jul 14, 2016 2:48pm
I decided to start trading binaries instead of regular forex only for one reason : it's because i can do it on Dukascopy which is an excellent forex broker.
The normal money management for me would be 1% risk per trade so i'll get 0.9% profit on every winning trade. I can use a martingale cause i must win 1 trade every 6 trades and that is easy.
But for the moment i'll try to trade with higher risks to see if i can last for at least 2 weeks with that extreme money management.
If i achieve that the account will go from 1000€ to 1 million, but i must see if there is no limitation in the position volume.
My name is Martin... Martin Gale
  • #8,363
  • Jul 14, 2016 2:56pm Jul 14, 2016 2:56pm
Quoting condor666
I decided to start trading binaries instead of regular forex only for one reason : it's because i can do it on Dukascopy which is an excellent forex broker. The normal money management for me would be 1% risk per trade so i'll get 0.9% profit on every winning trade. I can use a martingale cause i must win 1 trade every 6 trades and that is easy. But for the moment i'll try to trade with higher risks to see if i can last for at least 2 weeks with that extreme money management. If i achieve that the account will go from 1000 to 1 million, but i must...
Sick, hope u make it it would be fun

Best regards
  • #8,364
  • Jul 14, 2016 3:01pm Jul 14, 2016 3:01pm
Quoting condor666
Hi all, i'm back in trading, for the moment i try binary options on dukascopy and in one day i got this : {image}
Hi Condor666,

Very interesting results. I've never tried binary options as everything I've read says they are a scam. Nice to see you're having good results. Please keep posting how you're doing so we can learn from you whether they are scam or if they are a legit form of trading.
You mentioned you're trading with Dukascopy...that's reassuring, as I don't think they would be offering options if they were a scam.

Cheers,
  • #8,365
  • Jul 15, 2016 6:24am Jul 15, 2016 6:24am
USDJPY +28.6 pips

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY trade 15_07.png Size: 48 KB


I know big picture from H1 is not clear, but there is no more strenght to go up and we have something like consolidation at the moment. However there was a naked pattern TMA M1 beyond Ichimoku Cloud, confirmed that price to go into a little reversal, so i took a trade.
There was also pinbar on H1.
Exit at TMA M5

Regards, Michael
Aggressive, High Risk, High Gain, High Accuracy
  • #8,366
  • Jul 15, 2016 9:03am Jul 15, 2016 9:03am
A little update to explain a bit more my strategy :
Only long above the cloud and the MAs
Only short below the cloud and the MAs

Attached Image (click to enlarge)
Click to Enlarge Name: trade_example.PNG Size: 75 KB
My name is Martin... Martin Gale
  • #8,367
  • Edited 3:45am Jul 19, 2016 3:33am | Edited 3:45am
Hi Friends!

Many in PMS ask how I trade. Maybe one good Thursday I will open my own thread adn will try to explain how I trade(but truthfully I am an asshole teacher,and it is the first and the last reason I am not going to risk to open one))

Anyway ,screenshots from today's high probability trades.
The first one I could take ,but did not,was USDJPY long with about 8-10 pips potential. The second one,which I took AUDUSD short with 8 to 20-25 pips potential. When I close trade I was ready to go short one more time after a pullback,but suddenly electricity in my office was gone,so after I turned on the computer I saw the missed opportunity.

So what you should to remember!
1. Don't trade during flat (yesterday's London session is a good example,as well as today's XAUUSD range.
2.Don't trade during flat!!!!!!!!!!!
3.Don't trade during flat!!!!!!!!!!
(I never tire of repeating it!!!!!!!
.....................................
4.Trade only and only in the direction of H1 Heiken ashi and TDI.
5. Always use emergency SL(I trade 5 majors EU,UJ,AU,UCAD,GBPU with the emergency stop loss level for all those pairs 10 pips and Take profit 25 pips,and for XAUUSD 1 dollar SL only,and 2.5 dollars for Take Profit).
6.Exit manually(don't let the market to enlarge your loss or take lion part of your profit) the trade when something goes not as you planned,as sooner as better. You trade M1, the price sooner or later will be into your consideration again.
This is all for moment ,probably will post again later.
Rgs.,

P.S And one more very important moment take my words as a ultimate truth-Never try to beat the Market, otherwise you will be kicked with the market boots on your balls,believe me it is very very painful
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLD.jpg Size: 226 KB
Click to Enlarge Name: AUD.jpg Size: 333 KB
Click to Enlarge Name: JPY.jpg Size: 352 KB
Success is nothing more than a few simple disciplines, practiced every day.
  • #8,368
  • Jul 19, 2016 11:45am Jul 19, 2016 11:45am
Quoting Machinator
Hi Friends! Many in PMS ask how I trade. Maybe one good Thursday I will open my own thread adn will try to explain how I trade(but truthfully I am an asshole teacher,and it is the first and the last reason I am not going to risk to open one)) Anyway ,screenshots from today's high probability trades. The first one I could take ,but did not,was USDJPY long with about 8-10 pips potential. The second one,which I took AUDUSD short with 8 to 20-25 pips potential. When I close trade I was ready to go short one more time after a pullback,but suddenly electricity...
Thank you for sharing. I have my PC set up as from today, will be installing MT4 this week and then ready to demo next week. All the best

Shaun
  • #8,369
  • Jul 28, 2016 12:21pm Jul 28, 2016 12:21pm
Hello Babon Folks!

EURUSD +10 pips

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd trade 28-07.png Size: 52 KB


TMA H1 is beyond TMA H4 and it started a little pullback on H1 so i decided to enter a trade. It had only 10 pips potential, but i decided to take it and here we are. Closed on TMA M5

Today was a consolidation time on a lot of currency pairs, i don't like trading markets like these

Regards, Michael
Aggressive, High Risk, High Gain, High Accuracy
  • #8,370
  • Jul 29, 2016 9:33am Jul 29, 2016 9:33am
Good Old trusty babon,
I have missed you so very much.
Motivation is what gets you started. Habit is what keeps you going
  • #8,371
  • Aug 1, 2016 8:49pm Aug 1, 2016 8:49pm
Hi guys, is there someone know about the Hunter Strategy of Favorite? I heard it is also a profitable system especially in counter trend trades.
  • #8,372
  • Aug 2, 2016 9:59am Aug 2, 2016 9:59am
Quoting efestus
Good Old trusty babon, I have missed you so very much.
If you like Babon, Babon will like you too

Quoting sniper4x
Hi guys, is there someone know about the Hunter Strategy of Favorite?
You can find the link in Favorite's profile, it will take you to the forum about Hunter system

Quoting sniper4x
I heard it is also a profitable system especially in counter trend trades.
No, Hunter hasn't any counter trend patterns, it is pure trend following system

Regards, Michael
Aggressive, High Risk, High Gain, High Accuracy
  • #8,373
  • Aug 3, 2016 10:08pm Aug 3, 2016 10:08pm
Thanks Michael and David for the links of Fav Hunter System.😃😃😃😃😃😃😃😃
  • #8,374
  • Aug 8, 2016 3:26am Aug 8, 2016 3:26am
Quoting sniper4x
Thanks Michael and David for the links of Fav Hunter System.😃😃😃😃😃😃😃😃
You r always welcome, Clodualdo!!!
And attaching bar time indies you have requested in the PM.
Take care!

Rgs.,
Attached File(s)
File Type: ex4 BarTime.ex4   11 KB | 471 downloads
File Type: mq4 BarTime.mq4   3 KB | 492 downloads
File Type: ex4 CandleTime.ex4   7 KB | 492 downloads
Success is nothing more than a few simple disciplines, practiced every day.
  • #8,375
  • Aug 8, 2016 3:58am Aug 8, 2016 3:58am
Thanks David for the indis. Your a very good man. 😂😂
  • #8,376
  • Aug 16, 2016 1:48am Aug 16, 2016 1:48am
Still trading this method....but only trading TMA1 above/below the cloud. I trade mainly EJ and UJ .... EU is too narrow range for the most part....GU is ok, but not as smooth. UCAD is an excellent choice during NA session. By far the best pattern to trade IMO.
  • #8,377
  • Aug 16, 2016 1:54am Aug 16, 2016 1:54am
FYI keep an eye on 10 day ATR. If a pair I am trading hits that range or very close to it, I look elsewhere to trade. It is uncanny how often that range fills and holds. I will only trade back the other direction if the 1 HR chart prints a strong reversal bar.
  • #8,378
  • Aug 16, 2016 1:58am Aug 16, 2016 1:58am
Quoting panamamike
Still trading this method....but only trading TMA1 above/below the cloud. I trade mainly EJ and UJ .... EU is too narrow range for the most part....GU is ok, but not as smooth. UCAD is an excellent choice during NA session. By far the best pattern to trade IMO.
Hi There,

I have a couple of questions for you if that is ok? Is this the only method you trade, or is it along with others? Also have you tried Klondike or Hunter from Favourite in the past?

Best regards

Shaun
  • #8,379
  • Aug 16, 2016 2:22am Aug 16, 2016 2:22am
I trade this successfully, day in and day out. I have no need or desire to investigate his other methods. This one works and suits my style of trading.

I also traded a CCI method which is very good http://www.forexfactory.com/showthread.php?t=71075; however I use that only to trade pullbacks on trending days. I actually have a template that combines Babon with that for those instances only. When both systems agree it is very very good.
  • #8,380
  • Edited 3:00am Aug 16, 2016 2:42am | Edited 3:00am
A great example of the 10 D ATR.....today's EJ 10 D ATR low was 112.35.....look where we bounced from

you can also see on Usdchf where it trades right through. Yes, that can happen, but I can not count how many times it has prevented me from selling a bottom or buying a top. Just my .02

an ATR dashboard if anyone is interested http://www.forexfactory.com/showthread.php?t=280319
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