Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Forex intraday using the 5min chart: EURUSD 108 replies

The Force 5min system 3,806 replies

Intraday Pound Trades on 5min chart [GBPUSD] 36 replies

5min Bollinger breakout system 42 replies

Attachments: 5Min Intraday System
Exit Attachments

5Min Intraday System

Quoting eyevoltage
Hello mate.
I've attached the pivot indicator below. I've tried various ones but I always come back to this one. It's fully customisable, and changes automatically at 00.00hrs. Have a play around with it and see what you think.

Cheers
thank you again.
Quoting bshadroo
hi
look at thease two charts,u see ,usdchf is in down trend and eurusd(i didnt post that chart as u know they ususally go against each other) is in up trend BUT eurchf going down it means usdchf downtrend is more powerfull than eurusd uptrend.
as a result i prefer to sell usdchf than buy eurusd
i think this is a very uesefull to see cross charts when we want take a position.
any idea?
Hi Bs

I am not familiar with that pair and I don't have the chart. But just looking at your chart - great. Just be careful for a double bottom. I would like to see the second bottom a few pips lower than the first bottom.

If they are on the same level - ?possible support being found?
Willem Forex recipe for success = Patience, discipline & hard work.
Quoting eyevoltage
I was watching this one this morning as the price sort of trundled along just above the S1 line, with varying sizes and varieties of candles. It was the two dojis that alerted me to the possibility of a trade, so I watched and waited. Both the doji and the following candle found resistance at 21ema, so I prepared to pull the trigger, but the next candle found me hesitating, as it turned into a upward move. As you can see at the red tick, I finally got in at 1.2010, and I'd settled on that because of the double resistance provided by 21ema and my "little trend line". (All credit to Golfer for that one!) I know that the SMAAngle 21ema wasn't QUITE over the 0.1 line, but I nevertheless decided to risk it, although with the price being roughly half-way between S1 and M2, I really wasn't confident of much of a profit. As it turned out, my exit at 1.998 provided 8 pips to the bank after spread, but look at what happened after that! As I type this, the price is currently residing on my S2 line at 1.1978, and I'm wondering why I bothered! Oh well, 8 pips is 8 pips, so it's best to think positively and look out for the next one.
Hi Eye

Great trade. Sometimes I'll take the odds on if the 21MA is about to leave the non-trade zone. That was a beauty - almost a smooth round pull back.
Willem Forex recipe for success = Patience, discipline & hard work.
Quoting watchout4me
i didn't enter this trade, i was thinking the price will reach near the support of the small trend line.

is it wrong thinking that way
Hi W

No it is not wrong to think that way. I do miss a lot of trades because I wait to see how close to the 21MA can I enter.

Just remember not to wait for the price to come to the Small resistance/support line.

My Rules:

1. If the 21MA is broken, I'll be careful with the next pullback (meaning the 21MA is no longer support/resistance and the market can slow down.

2. If there is close below the 21MA - I really consider to stay out of that setup untill I see another support/resistance area.
Willem Forex recipe for success = Patience, discipline & hard work.
thank you for posting such valuable system
such a big thread with a lot of experience in it..if only i could download the entire sections..
learning is the best way to survive..
-1128 Pips since 6 August 2007
Nice pop out of a symmetrical triangle in line with a drop out of the 21ema. I placed a price tgt and pattern tgt on chart. Watch channels as sometime when they break they lead to a nice move out.
http://img102.imageshack.us/img102/2...usd1ik7.th.png
Check Mate GAME OVER
Sorry I forgot to mention what pair. Chart above is GBP/USD
Check Mate GAME OVER
Lots of great trades today, I took 4 had 4 winners. Made up for yesterday
Keep taking CT trades, I need more money
Eyevoltage
Mate, thanks for the pivot indicator.

emacro

Quoting eyevoltage
Hello mate.
I've attached the pivot indicator below. I've tried various ones but I always come back to this one. It's fully customisable, and changes automatically at 00.00hrs. Have a play around with it and see what you think.

Cheers
  •  Guest
  • | IP
Hey Eyevoltage, just wondering where you are located? You seem to be browsing the forums and posting trades around the same time as myself.
Quoting CHECKstar
Hey Eyevoltage, just wondering where you are located? You seem to be browsing the forums and posting trades around the same time as myself.
I'm in the UK, mate. Northern England

Emacro. You're welcome, me old pal.

Cheers
Quoting eyevoltage
I'm in the UK, mate. Northern England

Emacro. You're welcome, me old pal.

Cheers
Go Man City go!!!
Quoting emacro
Go Man City go!!!
.................as far away as possible!


You and me's just fell out.
  •  Guest
  • | IP
Quoting eyevoltage
I'm in the UK, mate. Northern England

Emacro. You're welcome, me old pal.

Cheers
Ah ha. Nice to know, I was hoping that we might have some Aussie regulars on this thread.
It's a possible, but I'm not keen as it's just too near the Pivot Point.
Attached Image
  •  Guest
  • | IP
Quoting eyevoltage
It's a possible, but I'm not keen as it's just too near the Pivot Point.
Eyevoltage, did you get on board?

Price just jumped 11 points on the breakout candle. I didn't as I have already had a good trade for the night* and didn't like the way price was churning in the war zone.

http://img517.imageshack.us/img517/7428/screenib5.jpg

*Long GBPUSD @ 2.0099 at GMT 10:20. Closed out @ 2.0119 for 20 points.
As you can see on the chart, it's half an hour or more after the previous example. Too many breaches of the 21ema, a very narrow range between 10ema and the 21ema, too much resistance given by the 10ema. By this time, it's been ditched and forgotten, but look what's happening now! It's suddenly decided to show us who's boss and thrown all our rules back in our faces! Go figure, as our American friends say. However, if you're unhappy with the developing set-up, for whatever reason, then leave it alone. Yes, you'll leave a lot of pips behind sometimes, but there's a lot to be said for peace of mind and the feeling that you did the right thing and followed the rules. Sometimes you can bend the rules a little, but bend them too much, and you're just asking for some needless aggro!
Attached Image
  •  Guest
  • | IP
Quoting eyevoltage
...However, if you're unhappy with the developing set-up, for whatever reason, then leave it alone. Yes, you'll leave a lot of pips behind sometimes, but there's a lot to be said for peace of mind and the feeling that you did the right thing and followed the rules. Sometimes you can bend the rules a little, but bend them too much, and you're just asking for some needless aggro!
Right on. The last two weeks have been my worst ever (including when I started to take my demo trading seriously)! Why? because I was doing well and got cocky, thought I could bend my rules and wasn't listening to the whispers of the market (always a big mistake!). Not only that but I was in the wrong frame of mind.

Here is hoping that I have lesson!
As you can see from my previous post, I didn't want anything to do with it!
But, hey, thanks for your post and basically confirming what I was drivelling on about! Much appreciated.

Cheers
Quoting eyevoltage
It's a possible, but I'm not keen as it's just too near the Pivot Point.
hi mate
change ur pivot indicator setting to gmt time ,i think its nesecary to all of us.
gmt pivot is at 1.3610 today
0 traders viewing now