My test continues and trade plan for the next trading session as shown below. I will wait for pullback on pairs that already reached their ADR and enter on bounce off PPT or RN. Happy trading to all Shalom

Daytrading/scalping with high leverage - my proven strategy

I use both M1 & M5 TFs but testing this system to trade HTF and will only scalp when the market is trading sideways; but the trades I posted were all taken on the M5 TF

Daytrading/scalping with high leverage - my proven strategy

Great job Mario

Daytrading/scalping with high leverage - my proven strategy

Re-entered CAJ short after the news, and Ivery PMI report coming out in another 90 minutes. 92.90 level has now been broken, and if sustained, will take SL to BE + 1 and see what happens next. Currently 14 pips in the money and SL now brought to BE ...

Daytrading/scalping with high leverage - my proven strategy

Still trying to perfect this system as I test it; but much improved over yesterday with all trades profitable. I think I'm unto something here. Pullback on UCH gave better entry point. I think I should also try a fixed TP of 25 - 30 pips too.

Daytrading/scalping with high leverage - my proven strategy

Thank you

Daytrading/scalping with high leverage - my proven strategy

First trade triggered and in 8 pip profit already

Daytrading/scalping with high leverage - my proven strategy

My current trade plan as shown below but will be careful as the market has been very quiet and consolidating, with some pairs trading sideways. A huge break is coming, and I want to be ready. Going for a snooze with my alarms on and will be back for ...

Daytrading/scalping with high leverage - my proven strategy

Took this UJ short around 10 am PST (about an hour after Lndn close) and price turned against me as soon as I entered but since the MA Cloud setup remained intact, I remained in the trade. Price came close to my SL @ 97.84 when the Asian session ...

Daytrading/scalping with high leverage - my proven strategy

First lesson from my test, stay away from currency pair(s) you think are in strong pullback and trade ONLY pair(s) that align with the MA Cloud setup. You will recollect I mentioned on the trade plan that no pair met my MA Cloud setup rules, and ...

Daytrading/scalping with high leverage - my proven strategy

Shalom

Daytrading/scalping with high leverage - my proven strategy

The game is on but not taking the ACA & AN trades on the demo account as the spread is too high. Even GJ was 7 pip instead of 2 with Pepperstone. I should have opened a demo with Pepperstone instead, for lower spread. I'm off to bed and see you ...

Daytrading/scalping with high leverage - my proven strategy

Hey David I'm developing and testing something new as my location is affecting sleep and family. So I am trying to trade off HTF. This is my trade plan for today and I'm setting alarms and going to bed. I have an explorer opened to test this; so ...

Daytrading/scalping with high leverage - my proven strategy

Hi Peter: It's just a personal choice - it's the level I prefer price to break before I start considering any trade. I have my trading system and only use the LCSM as an entry management tool and do not use it as a stand alone indicator. Good to ...

Daytrading/scalping with high leverage - my proven strategy

Hi Peter: LCSM stands for linear currency strength meter and as the name depicts, it is the CSM drawn on the chart as lines instead of just values. See post 281 here for a copy and screen shots of M1, M5 & M15 is shown below. Shalom

Daytrading/scalping with high leverage - my proven strategy

Good trades Dustin and enjoy your vacation. We'll be here when you come back. Shalom , and God bless George

Daytrading/scalping with high leverage - my proven strategy

Hi Peter: Sorry for the late response as I went back to bed (I am 8 hours behind GMT, so not so easy trading the London session most times). The LCSM was not included in the chart I posted as I have it on another chart and window; and this is the ...

Daytrading/scalping with high leverage - my proven strategy

Took a 30 pip loss on the GU short and it was my fault as I had the opportunity to close the trade in profit when it retested the S1 support which I highlighted in the chart. I however took another trade - UJ long about 10 minutes before the US ISM ...

Daytrading/scalping with high leverage - my proven strategy

Thanks David , and I wish you the same. 0.0 spread!!! Shalom

Daytrading/scalping with high leverage - my proven strategy