Home
Search Forums
Keywords:
Search Titles Only
User Name:
Exact Match
Show Results As:
Advanced Options
Reply
 
Thread Tools Search this Thread
  #15017  
Old Nov 5, 2008 3:28pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Hope everyone is doing well. I am still doing the 5min stuff and don't go for 2% a day I just take the good trades, why sell myself short if we have 4 good trades like we did today.
Reply With Quote
  #15063  
Old Nov 6, 2008 3:52pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default My day

My day
Attached Thumbnails
Click image for larger version

Name:	pbfun.jpg
Views:	365
Size:	119.4 KB
ID:	166767    
Reply With Quote
  #15066  
Old Nov 6, 2008 5:36pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by PeterFM View Post
Most of us got suckered into this business with promises of unlimited wealth trading 5 & 15-min charts. It's a hard habit to break but once you can learn to wait for trades to come to you on a Daily chart you'll discover how less stressful trading is.

Please note - I didn't say easier, just less stressful. But I didn't understand the meaning of the word 'profit' until I made the move. I didn't stop me doing stupid things afterwards, but I couldn't blame the charts or Jim's teachings.

The other thing I had to learn was your other key word - 'discipline'.

I do better on the 5min vs the 4hr but I did trade several years off the 3min and my mentor of 20 years did the same. I think it depends on the person. I don't trade the 5min for a quick profit I trade it due to I handle is better mentally and emotionally.

In fact I signed up to J16 to try to learn how to trade the longer times so I don't have to watch it but it just did not work.
Reply With Quote
  #15075  
Old Nov 6, 2008 8:08pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by james16 View Post
I totally understand this and you make a great point. i am a lot like you to be honest. its really not one or the other, it can be both.

when daytrading its easy for me to watch 8 hours go by and do nothing knowing that when that one great entry comes im going to cash in on 5 or 10 grand in an hour or less. i just simply could not force myself to be patient when that reward only meant a hundred dollars.

thats why i say all the time you can take the same trader and give him a $500 dollar and a $100 thousanddollar account and turn him loose to trade intraday. he will blow that 500 dollar account sure as anything. he will on the other hand have a pretty decent chance with the large account.
why?...

I watched 8-10 hours a day for 7 days a few weeks ago and took 0 trades, I don't think many people can do that lol. It's just how people work, I bet I could do the 4hr stuff but again it's not for me.

I would also like to add I lost for 4 years starting out using the 5min and this is with a mentor telling me what to do so no it's not easy even with someone holding your hand. We would take the same trades and I would lose he would win it was that bad. Take your time put IN your time into these charts, if you have a job and can not watch it real time you need to watch it at night. Looking over charts is good but WATCHING how they move to get a feel for what is going to happen is key for me.


P.S. No I am not the norm, thanks Jim
Reply With Quote
  #15083  
Old Nov 6, 2008 10:05pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by Betard View Post
Glad you got in on this too. I'm still in with 1/3 trying to ride it down.

For me a long trade is 15min lol, 80% of the time if I am right it hits +20 next bar, if it's 3-4 bars latter and it's farting around I kill it, also if I am +50% and it stalls I go stop @ cost. It's all about taking the risk out of it, I would rather stop at cost then lose. Also 1 loss on a trade all week is still not bad.
Reply With Quote
  #15084  
Old Nov 6, 2008 10:08pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

I will add once you get this down you just hit it and get a gut feeling you are right, you dont think, you dont worry or have the What if's, you take the trade put in a stop and feel nothing. Once that happens you are a pro trader.
Reply With Quote
  #15095  
Old Nov 7, 2008 8:50am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by james16 View Post
i could be totally wrong but i would bet that ryan does not go there with people for one reason. its impossible for him to answer that and its impossible for him to explain why. you have to see that shore for yourself. it cannot be described. every trade is its own circumstance and every trade will be treated differently IF NEEDED. of all the emails i get it is ones like this that leave me staring at the screen, wanting to reply, but unable because it really cant be put into words. its like riding a bike. how do you tell someone how to ride a bike? you cant. they have to get on and try.

jim

Thanks Jim and you are 100% correct, sometimes my goal is 10/10 20/20 or 5/5 depends on the swings.
Reply With Quote
  #15103  
Old Nov 7, 2008 2:02pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default Days like today sure test your skills :)

Ended up +.8%ish
Attached Thumbnails
Click image for larger version

Name:	pbfun.jpg
Views:	246
Size:	121.4 KB
ID:	167240    
Reply With Quote
  #15104  
Old Nov 7, 2008 2:07pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

For everyone that thinks I am full of shit.... Enjoy
Attached Thumbnails
Click image for larger version

Name:	nobs.jpg
Views:	303
Size:	193.6 KB
ID:	167243    
Reply With Quote
  #15106  
Old Nov 7, 2008 2:12pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by mbqb11 View Post
Ryan you are busted man, Katy Perry? HoT n Cold huh.

No more phone calls from me

lol, I knew I was going to get shit on that. It's internet music hahaha.
Reply With Quote
  #15108  
Old Nov 7, 2008 2:18pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Hey it was Mike that knew the rest of the song, I just let this crap play 24/7 lol.
Reply With Quote
  #15109  
Old Nov 7, 2008 2:25pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default Thursday

1 more just for Mike, don't look at the 1 winning trade Yesterday that made +2% because it's all fake and I just make this stuff up, check out the song
Attached Thumbnails
Click image for larger version

Name:	lolmike.jpg
Views:	230
Size:	189.6 KB
ID:	167254    
Reply With Quote
  #15112  
Old Nov 7, 2008 2:39pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by rustyjeff View Post
So this is how Ryan approaches his trading.
Must be some sort of master trader secret or something..

(Ryan as he's about to fire off an order)

Yes, It's all about crappy chick bands, the more the band sucks the better I do.
Reply With Quote
  #15115  
Old Nov 7, 2008 3:40pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by moneybags View Post
AHA! I knew you would admit it at some point.

Seriously though, Ryan do you see a relation between the success of the trade and the song that is playing?

Tom

Always
Reply With Quote
  #15118  
Old Nov 7, 2008 6:00pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

haha, you guys are a funny bunch. Have a great weekend and lets make some more money next week.
Reply With Quote
  #15144  
Old Nov 9, 2008 2:50pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by boyeros View Post
I would like to learn your system .Could you explain me how it works.

Don't be lazy, read the posts. How many lazy people do well in life?
Reply With Quote
  #15169  
Old Nov 10, 2008 12:50pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default It's all luck

Okay my day, stopped for -9 then took +18 so +1% on the day, Missed the good trade as always. Not as many good ones as in the past but it happens. Not going to be mad at making money.
Attached Thumbnails
Click image for larger version

Name:	trades.jpg
Views:	256
Size:	198.0 KB
ID:	168001    
Reply With Quote
  #15176  
Old Nov 10, 2008 5:58pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by Dahlia View Post
Ryan,

That's too funny. I missed the EXACT same trade you did (even chastised myself in my journal chart), and then proceeded to take the EXACT same trade you did next. The difference: I got in too early and was stopped out. On what basis did you time your entry on that second trade?

Looks like we even drew the same support lines!

The 2nd one was just gut, I knew it was going to sell off and just went short at the close of the PB. I faded a PB on noes lol, it worked and I made a little today.
Reply With Quote
  #15177  
Old Nov 10, 2008 5:59pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by shreem View Post
Hello to all. Always nice to come back to this thread and see the great insight of great traders.

Here, is the trade that I have taken today which is a mix of James16 stuffs (bar formations) and Ryanmcd stuff (divergence between price and RSI 6)

It was a DBLHC on interbank fx and a BOB on another metatrader along with positive divergence between RSI and price.

Right now, I only take trades when there is a divergence between price and RSi along with a great bar formation.

This teach me patience as they do not occurs every hours even on a 5 min timeframe.

Sincerely

Shreem

You need to watch out on these, I used to trade this type of setup and it's damn hard, look at days that go down or up all day, they post divergence after divergence and you will be wrong on everyone. The key to these is take them in a FLAT market.
Reply With Quote
  #15178  
Old Nov 10, 2008 6:01pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by ezz View Post
suddenly everyone is posting m5 and m15s

That is not the case, I just post up everything I do. If you don't care about the 5min stuff just skip it. I do the same with the 4hr stuff. It's all about learning to trade and PA is PA no matter what timeframe.
Reply With Quote
  #15184  
Old Nov 10, 2008 10:20pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by Icehocey77 View Post
Can anyone give me some more info on divergence? I keep reading on James' charts how he uses divergence but I can't see it very well in the pictures I keep reviewing...is it RSI or MACD?



thanks in advance..I'm finally getting the hang of the pinbars and pullbacks, going to start working on inside/outside bars.

I would learn PA 1st. Divergence is just something I use as a add deal and it will not make / break a trade for me. You can google it, do "RSI Divergence" and see what ya get. To me any divergence is feel and something that can not be taught.
Reply With Quote
  #15190  
Old Nov 11, 2008 8:21am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by jarroo View Post
Update: Looking good.

In this with ya, very nice daily with the trend A+ in my book.
Reply With Quote
  #15197  
Old Nov 11, 2008 11:54am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by Greenhaze View Post
Anybody go that today?. Entered @ pb break but then scared by some drawdown and closed @ be. Bad trade management :/

Good trade, with trend nice PB. You HAVE to get over getting scared out of trades, this will eat you up. Take the trade and WALK AWAY!
Reply With Quote
  #15199  
Old Nov 11, 2008 12:32pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by Greenhaze View Post
It's my first day live on second account and You are right , I need to overcome fear but on the other hand i dont want to risk being stopped out only becouse i wasnt at the computer. I like to watch the trade and what is happening on lower tfs. I need to find this right balance and start using more alarms instead being glued to the monitor.

The more time spend looking at it the more you WILL do something and 90% of the time it's the wrong thing. Trust me I have done this well over 1000 times when I started out, if you mess with a trade when you are emotional you will screw something up. If you spent the time looking over the charts and came up with a trade that looked good in a "No risk" mindset it is almost always better then once the trade is on.


Think about it, why change it once you put the trade on? What changed? You have to remember that the "pros" will look at the charts and they know what they need to do to shake out the weak hands aka YOU.
Reply With Quote
  #15201  
Old Nov 11, 2008 12:56pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Hope everyone that plays the 5min got that 1 pb short, that's I have seen been kinda slow.
Reply With Quote
  #15209  
Old Nov 11, 2008 3:42pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by Forex007 View Post
Ryan, why don't you have BB, MA and RSI on your Oanda chart?
I use 3 different computers, with Oanda I just use price the others use FXPro and have them. Just keeps it easier to see the stops and such.
Reply With Quote
  #15213  
Old Nov 11, 2008 5:34pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by jarroo View Post
I took half off at 1.4892 other half at break even. Looking to move my stop loss to above 1.4940 (developing PPZ).

Stop @ cost, target for me is 1.44
Reply With Quote
  #15214  
Old Nov 11, 2008 5:43pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by ezz View Post
someone riding along with me?

Good trend, lots of traffic. You should be okay but I am going to pass on this one
Reply With Quote
  #15237  
Old Nov 12, 2008 11:09am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by Ryanmcd View Post
Stop @ cost, target for me is 1.44

Out @ 1.4715 +256 or 6%. I do have to say I KILLED that exit! Man I love it when I nail it lol
Attached Thumbnails
Click image for larger version

Name:	wootwoot.jpg
Views:	166
Size:	178.3 KB
ID:	169021    

Last edited by Ryanmcd, Nov 12, 2008 11:25am Reason: Chart
Reply With Quote
  #15248  
Old Nov 12, 2008 1:20pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by james16 View Post
careful, this is not an outside bar. outside bars must totally engulf the prior bar. its easy to do this so look real close when labeling bars. looks like your really getting involved with the thread betard. good for you. 5 minute? you guys worry me but hey anyone that has read this thread knows how i feel about time frames.

Says Mr 2000 tick
Reply With Quote
  #15253  
Old Nov 12, 2008 4:18pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by james16 View Post
here is the kind of intraday entry i take and why.

there is nothing on this chart other than price and floor trader pivots. floor trader pivots mean nothing to me unless i can find some confluence to go with them. the only thing missing here is a set up bar which is not always needed if you have enough confluence. IM POSTING THIS FOR ONE REASON. if your entries have nothing more than one criteria to enter your gonna get screwed. here are the reasons/confluence behind this entry decision. this entry was taken at 2795 and had around a 5 pip drawdown as it reached for 2800.

in the blue box we have.

1. a pure 50 fib retrace to the substantial number of 2800.
2. a clear price flip at 2800....


Nice chart Jim, always nice to see how others play it. For me that would be a long term trade
Reply With Quote
  #15265  
Old Nov 12, 2008 7:38pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by james16 View Post
i know this is like a monthly chart to ryan. lol.
but ya know what? it sure is nice to have a potential fortune in the making based on a daytrade entry. THERE IS NOTHING MORE GRATIFYING than nailing a daytrade entry and its accompanying lot size and watching it turn into a great swing or position trade.

I took a daily PB short that someone posted up a chart and rode it about 20 hours, I really forgot about it then closed it for +256 or 6%. I do like seeing those nice runs and you can live nice off 6% a month
Reply With Quote
  #15270  
Old Nov 12, 2008 10:06pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Put this on, went to the gym came home Mo-Money!

Okay the thought process behing this, we have RSI divergence with a triple top. Also check out the huge up resistance on the 30min and 4hr. Also I wanted to make sure I could get +20 on it, and when I was looking at it I was thinking it would be close and it was, remember the pros are going to run it to a new low if it runs or it will hit it and move up. Most of the time when i take these my target is right at the low or resistance just like on the Daily short I took.
Attached Thumbnails
Click image for larger version

Name:	momoney.jpg
Views:	224
Size:	198.7 KB
ID:	169254    
Reply With Quote
  #15271  
Old Nov 12, 2008 10:08pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by jarroo View Post
Very important point Jim makes is this post.

Yes, he outlines his enrtry. The number reasons/confluences to enter at trade have to be met. A Pin Bar, for example, by itself is not enough. The more the merrier of confluences to support a given entry, the better.

But more importantly, he talks about the reasons/confluences supporting his stop loss and breakeven point. Notice he didn't talk about his profit targets.
I'm not saying profit targets are not important, but controlling losses and looking at ways to reduce them should be looked at first and foremost.

Jim

PRINT THIS OUT AND PUT IN ON YOUR SCREEN.

I may screw around looking for my +20 targets but risk rules the trade, if I can get into a trade with a 8-12pip stop and 20 target I am all for it, look over my past trades and you will see I never let it hit my +20 unless it's news. All about risk here guys.
Reply With Quote
  #15379  
Old Nov 17, 2008 1:03pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default 1 trade a day keeps a job away.

Okay here is my day 1 trade 5min done. I also got a few PM's from others that took the same trade, GREAT JOB!
Attached Thumbnails
Click image for larger version

Name:	wowowow.jpg
Views:	298
Size:	194.4 KB
ID:	170935    
Reply With Quote
  #15383  
Old Nov 17, 2008 1:52pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by scratchy View Post
I see you post quite here quite often Ryan, you seem to be quite successful and trading with a large account. What broker accepts these trades as I find I have problems with short term trade with large amounts with most Forex Brokers?
Would you be so bold to leave your account size in next chart so we can see what level you're at now? We will not be envious, it will give us motivation.

I trade off of 2 accounts, DBFX and Oanda. Also how much money do you have in your checking accout? I will not post that it has nothing to do with what I do at all. I show you the charts to make a point that I do trade it, now people want to see my account balance? What's next my dick size? lol
Reply With Quote
  #15387  
Old Nov 17, 2008 2:06pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by scratchy View Post
DBFC, is that a fooball team? You show me yours first bigboy!

lol typo, fixed it
Reply With Quote
  #15389  
Old Nov 17, 2008 2:13pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by scratchy View Post
I already use Oanda, they don't like my style of trading (in with large orders, out within 10 pips) i have noticed some slippage over the last year or so, not bad enough to close account yet, but still frustrating.

I will give DBFX a go (nice edit by the way ) and see how they like to pay out on a daily basis.

Traders here should have a live competition one day, see who gets the most in a one hour period.

I do split trades, 50% Oanda 50% DBFX. I used to trade with interactive brokers in 1999-2005. They crashed and I had nothing I could do even by phone for 2 hours. Now I use 2 brokers just to hedge my risk.

As far as a trade off, I really have nothing to prove.

P.S. Strong 2nd post asking for someone to post up a account balance.
Reply With Quote
  #15426  
Old Nov 17, 2008 7:00pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default scratchy

scratchy,

I have been doing this many years, lot of people such as yourself come on and say how good they do. I hope you are doing this well because to be honest I love to see people make money, I love getting PM's that say "Thanks Ryan" because after you have all the money who cares right?

You came off pretty harsh man asking in your 2nd post to see my account balance. Do this post some real-time stuff not after the fact and show how and why you are doing it. Also screen shot you Oanda accout and lets make sure it does not say "Demo" on the top okay?
Reply With Quote
  #15455  
Old Nov 18, 2008 10:23am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by scratchy View Post
Ryan

After going over these posts and my posts yesterday I have decided that these types on this thread do not deserve my time.

Quite frankly I don't know you bother either, they are fixed on this slower time frame and risking 0.3% per trade, what's that all about?

The average trader opens an account with 10k, it will take them forever to amass a decent amount, and just because they are not capable of achieving 5% per day, they rubbish anyone who claims they do it regularly, actually I have made over 5% in a day before, many times in fact,...

Best of luck to you, why I wanted to see a screen shot of your Oanda is because It shows where you got in and got out of trades. To me the making money is easy once you learn how to trade.
Reply With Quote
  #15465  
Old Nov 18, 2008 11:37am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by mbqb11 View Post
The best advice always

I have been cooking up a storm today! When it's slow I cook and goto the gym, I know Mike drinks.... A LOT when its slow lol j/k
Reply With Quote
  #15576  
Old Nov 20, 2008 10:43pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Good charts guys, I will post once I trade some more down the road. Going to take two weeks off here for T-Day and will be back after that.
Reply With Quote
  #15607  
Old Nov 22, 2008 1:21am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by raczekfx View Post
out of half at 1.4820, out of the rest at 1.4750.
I'm now long since 1.4712 (based on my own R-db method), after 1hr pb (off ppz) broke higher, I added to a full position on fib retrace. I'm looking for gaps on e/u, g/u, and all yen crosses when market opens on Sunday.
tip: watch for dow futures hitting 7950 ( I may lighten my positions there)
hope it helps.

R

p.s.

my current positions:
long e/u
long g/u
long g/j
long e/j
long u/j
short us/cad

I expect good profit on these crosses over the next few days...

I hope these workout for ya, this news and 4-600 point swings keeps me flat every night.
Reply With Quote
  #15669  
Old Nov 24, 2008 12:28pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by raczekfx View Post
PA on oil futures and imminent failure of a double top on CAD. Hope you're enjoying the ride..

p.s. just closed that trade @ 1,2390 (almost 450ps). I know it's not a 5min trade and it took whole 2 trading days to unfold...., but hey, I like to have a life.

450ps is nothing if it's $100.

Also no need to bash others on the way they trade, I do the 5min because it works for me. Let me know when 20 pips = $30,000 then you can say what I do is a waste of time.


Also I don't need a life I don't have to work unlike others.
Reply With Quote
  #15670  
Old Nov 24, 2008 12:29pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by rustyjeff View Post
Looks like Ryan had a good day.
Maybe time for a retrace sinse we hit 1.2900..

Waiting for the stop run.

Ya not bad today, +60k but "I don't have a life" because I watch 5min charts. But it could be worse I could have to goto work tomorrow or run some crappy online booking site.
Reply With Quote
  #15728  
Old Nov 25, 2008 12:38am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by raczekfx View Post
it could be, I don't know.
I'm quite content with drops on yen crosses. Booked nice profit on half, other half is at BE, so it does not really matter ...
My account stands at $ 102 now....

Keep up the good work, maybe someday you can quit that fulltime IT job and not have to work on that booking site as well. I keep busy with video games and trade the 5min. Yes it's a fulltime job but I think I will keep it
Reply With Quote
  #15816  
Old Nov 26, 2008 5:07pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Not a bad day today. Trend was down so it was shorts today. I was busy working on some 3min stuff.

Have a great T-Day!
Attached Thumbnails
Click image for larger version

Name:	5min.jpg
Views:	243
Size:	123.5 KB
ID:	175098    
Reply With Quote
  #15820  
Old Nov 26, 2008 5:40pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by rustyjeff View Post
You missed one..
Yep lots of them show up, I am working with a group of people getting ezlang setup so I can "Have a life" and let it trade for me. Yes this can be programmed
Reply With Quote
  #15881  
Old Nov 28, 2008 10:13am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by raczekfx View Post
I also played short cable this morning after price retested break out area with 61fib confl.
I bet RustyJeff played that pb ? It formed in a perfect location..

Let the pros play the 5min, you stick to that 1hr+ stuff lol j/k

Have a good one
Reply With Quote
  #15884  
Old Nov 28, 2008 10:27am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Not much going on today, but I did just get up.
Attached Thumbnails
Click image for larger version

Name:	5min fun.jpg
Views:	108
Size:	113.9 KB
ID:	175746    
Reply With Quote
  #15892  
Old Nov 28, 2008 10:51am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

+2% so far, prob going to call it a day. As I said BB = Flat nice PB on 3min, rsi divergence on both 3min and 5min = take the trade.
Attached Thumbnails
Click image for larger version

Name:	easyday.jpg
Views:	247
Size:	176.8 KB
ID:	175759    
Reply With Quote
  #15908  
Old Nov 28, 2008 10:03pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by jarroo View Post
Yes I have been thinking of that enhancment ( I guess we think alike)

Then again what system or methodology wouldn't be enhanced my J16PA.

An added confluence to the mix of many.

We'll do, sir.

That's what I did with the 3/5min stuff, it made money before with just the RSI divergence and BB but once you add some price action you get that 60% winners to 80% and it's nice.
Reply With Quote
  #15917  
Old Nov 30, 2008 12:57am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by Forex007 View Post
Ryan, how do you determine whether the day is "up" or "down"? For M3-5, do you use H1 or some other "reference points"? MANY THANKS!

Not trying to be a smartass here but if price is up then it's a up day, down and it's a down day. THIS is why so many people fail, they have 100+ lines and all kinda other crap trying to see something any 5 year old or anyone can see. If it opens up and price it hitting or has hit the upper BB it's up and the bottom BB it's down. Easy stuff here but most need to be told this this and this take the trade, no cookie cutter system or setup is like that. It's like playing the drums, sure you can play it but the "Feeling" is what makes someone great.
Reply With Quote
  #15928  
Old Dec 1, 2008 8:48am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by Forex007 View Post
Thanks, Ryan. Sorry, for not being clear with my question. The day could start up, and then reverse. E.g. price hitting outer BB limits could be a continuation of the trend, or it could be a reversal. If days start "up" (say, hits upper BB, retraces, hit upper BB again and so on), at what point do you decide (and how) that it's not "up" anymore, and that it reversed to "down". I am not looking for a "To do" list of instructions, but for a "general direction" (e.g. high outside BB, followed by hig inside AND RSI div - could be trend reversal)....

Well you will be wrong 2 times, at the top and at the bottom. Most runs with the trend you get 1-3 maybe 5 times to get in, yes I have been on the last hit but the odds are with you. I will post a chart in 1 min.
Reply With Quote
  #15929  
Old Dec 1, 2008 8:50am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Well nice way to start the week Also I moved my risk to 15/15 because the swings are not as big as they have been. 20/20 still would of worked though right Nick?
Attached Thumbnails
Click image for larger version

Name:	goodmonday.jpg
Views:	195
Size:	192.6 KB
ID:	176499    
Reply With Quote
  #15932  
Old Dec 1, 2008 9:22am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by maxflii View Post
Lol, indeed Had a tp set at 2605 which would have hit...but hey, can't be greedy, eh?

Short again
Reply With Quote
  #15933  
Old Dec 1, 2008 9:23am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by HipsterPipster View Post
I took the pound parallel.


Yep I see it on that chart as well.
Reply With Quote
  #15934  
Old Dec 1, 2008 9:24am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by Ryanmcd View Post
Short again

out +3 lol, guess it's not ready to go down anymore yet
Reply With Quote
  #15938  
Old Dec 1, 2008 9:36am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by maxflii View Post
Damn, only only +1 here, you win!

What I like to see is the bar that I am trading move FAST, if it screws around I am out. Also if you are right you know it in 2-3 min.

I was thinking long at the bottom due to the 3min but not going to mix CT and Trend trading it gets too messy.

Also you can see the RSI divergence pretty easy, follow the red dots lol
Attached Thumbnails
Click image for larger version

Name:	RSI.jpg
Views:	69
Size:	117.4 KB
ID:	176521    
Reply With Quote
  #15939  
Old Dec 1, 2008 9:45am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by Betard View Post

edit: wow you guys post fast, beat me to the punch.
It's easy to post when your not fixing a broke server, or working the phones trying to sell someone a trip.
Reply With Quote
  #15950  
Old Dec 1, 2008 11:59am
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by Dahlia View Post
Okay, Ryan's 5 min pinbars inspired me. My usual strategy wasn't showing any set ups, so I thought I'd fool around with the pin bars for the fun of it. I missed the ones you guys got on the EU (breakfast, plus I wasn't looking for pin bars at the time), but I found a pin bar on the UJ, and also a pseudo pinbar too. The trades:

1) I call this a pseudo-pin bar because the price movement is the same (price shoots up and then back down. It would be a pin bar if the time of open and close was shifted a bit). Trend was down, defined by the 50 ema....

I don't mess with the UJ, also EVERYTHING asked has been posted, you need to read the thread.

*********************************** ************
ALSO NOTE!!!! If you have never traded real money, or are just starting out do NOT screw around with the 5min stuff, this is for people that understand how the market moves and can trade the 4hr 1hr 30min and make money. Don't waste your time on the 5min if you can not trade the higher times or at least understand how and why price moves.
Reply With Quote
  #15955  
Old Dec 1, 2008 12:18pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by Forex007 View Post
Ryan, once you are in on M3 or M5, do you then switch to M1 to see if the price moves the way you were expecting?

I never goto the 1min, that will just shake you outa a trade. For me when I get in the trade I know why and what I am looking at, the 1st short I took today was easy. Resistance at the tail of the PB, with the trend, nice PB at the Mid BB in trend rsi low.

The 2nd short I took I wanted it to take out 1.2608 and take out the tails of the last move down, when price tested that and came back I knew it was bad news so I bailed.

Price almost ALWAYS tests the last high/low because that's where the stops are at and why people lose most of the time and why PB's work. PB's run the stops or shake out 99% of the people that do not know whats going on.
Reply With Quote
  #15956  
Old Dec 1, 2008 12:22pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Why I love the 3min
Attached Thumbnails
Click image for larger version

Name:	3mingoodness.jpg
Views:	289
Size:	191.0 KB
ID:	176569    
Reply With Quote
  #15961  
Old Dec 1, 2008 1:28pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default

Quote:
Originally Posted by HipsterPipster View Post
I see you have Eurotrash, Junk, and Bigpounder there. Hehe...


Yep it's the Eur / Bonds / GBP have to have fun with the names lol
Reply With Quote
  #16022  
Old Dec 2, 2008 1:25pm
Screw Long Term 5min For Life!
 
Member Since Jul 2007
Default Take care

Take care everyone, I am done posting on here. I will say a few ppl have been great like Mike and James. Don't PM me as I will no respond. Not really sure why I was helping random people that 1/2 ass trading on a internet forum anyway lol


Cya
Ryan
Reply With Quote
Reply

35 Traders Viewing This Thread (10 are members)
FXEZ, Jazflyer, fxairy, Keus, letitride, ffbk, Peter-FX, deGonggok, squeezy, aLLerGic
Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Ring my bell chart thread forex3e Trading Journals 43 Jun 20, 2009 8:38am
rock my chair chart thread forex3e Trading Journals 48 Oct 30, 2007 11:21pm