Hello all.

On Russian forums there's this trading legend, a scalper who claims to be able to increase deposit 10% per day!!!

I had been analyzing it and sometimes it DOES make good results, but since I reside in mountain time zone, the system is demanding...
I'm too sleepy and I was unable to test it enough... But I did have amazing pip profits, it had been among the best approaches I ever tried (except for the tough time and that this really is scalping).

I would like to see the kind of result people are able to get... Test it on a demonion. I am curious, is that for real? And post the results .

Here is demanding translation, summarization:
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Trading pairs:lt;? Xml:namespace prefix = o ns = urn:schemas-microsoft-com:office:office /gt;lt;ogt;lt;/ogt;

GBP/USD, EUR/JPY (or USD/JPY based on situation), USD/CAD, USD/CHF; lt;ogt;lt;/ogt;

lt;ogt;lt;/ogt;

Indior Groups:

#8470;1 USD/CHF, USD/CAD;
#8470;2 EUR/USD, GBP/USD;
#8470; 3 EUR/JPY, USD/JPY.

Lt;ogt;lt;/ogt;

IF 1lt;SUPgt;stlt;/SUPgt; team is moving in one direction and 2lt;SUPgt;ndlt;/SUPgt; at the opposite, we understand USD trend. If both pairs in group #3 are moving in one direction, then we understand the JPY tendency.lt;ogt;lt;/ogt;

lt;ogt;lt;/ogt;

Simply trade pairs whose station is 50 pips. (One station of oriental flat, another one before NY)

Best volatility, time to trade:

2-5:30am EST

8-11:30am EST


You can enter different pairs (especially Korean, occasionally GBP, possibly even Cad which additionally reveals where euro must go) even when their daily range lt;50 pips, as long as Euro broke its daily H or L and is shing.

Lt;ogt;lt;/ogt;
Input on the breakout of current channel from tick charts through stop orders only.

Example if Group 1 is growing, consider buyng USD/CHF,USD/Cad and only shorting gbp/usd. In case EUR/JPY, USD/JPY and EUR/USD both move in one direction enter on EUR/JPY. IF group N1 goes in another, enter on usd/jpy only in the direction of egory.

Lt;ogt;lt;/ogt;

For London session the station is daily high-daily low.

For New York, it's the station for the previous 10min-4hours based on market volatility. If the market isn't volatile the station is usually from past 30 minutes, even if it was explosive than the channel is build for the previous 10 minutes.

Lt;ogt;lt;/ogt;

IF couple pairs are moving in appropriate way, then the trend may be for one hour. If all six pairs move in directions, then the trend may be for the day.


Lt;ogt;lt;/ogt;

CAD really starts to move only in US Session. Cad is good in that if it breaks daily intense at 6:30EST, then it will tendency to 6:15-6:25ESR (if news) and to 7:15am EST when there aren't news in america session
lt;ogt;lt;/ogt;
Cash management:

Input on breaking daily intense per pair:

Euro group 1/32 1/4 1/32(1/16) ...
Yen group,Usd/Cad 1/32 1/8 1/32(1/16) ...
Input from local extremum for all 1/32 1/16 1/8 1/32(1/16) ...lt;ogt;lt;/ogt;

lt;ogt;lt;/ogt;
Pyramid positions every steady number of pips (ex 20pips) only for the pairs that are moving, do not add to these pairs that are hardly moving.lt;ogt;lt;/ogt;
Paramon claims that he does 10-20 orders per day.

Lt;ogt;lt;/ogt;
Stop reduction:
Initially 1 pip below the current daily candle (which may be 50 pips). Then moved into the beginning of the transfer or (Daily High -- Dailylow) /2. If multiple currency pairs abruptly start breaking the Daily Middle (H-L/2) then enter.

Establish ultra brief stop loss during significant times:

2:00, 2:30,3-3:15, 4-4:15, 5-5:30, 7-7:15, 10-10:15, 11-11:30am EST..

Also exit in the event the position freezes for 15 minutes.
On Friday near by 11am. Lt;ogt;lt;/ogt;


Take profit:
trailing stop of (10-30 pips). Or behind recent intense (using dow concept ). Also if group trend changes then exit. Orders are modified every 5 minutes and constantly during news period.