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WhatFX, just see all attachments to this thread, they cant be fake
Quoting deathbait
That is just...not true...

hey fellas, dont get me wrong. iam not dissing tony or his system.

i aint seen any signals on the 5 sec chart that went on to be a successful trade, none in the last 4 weeks i have been testing this system.

so if you deathbelt, and lukazman both have your stats for the last 4 weeks at least, i would be happy to take a look at them.


Q) how many successful trades have you guys had using this method in the last 2 months, where the 5 sec 5 pip candle did not reverse on you ?


anyway, the idea of having very tight stops is something i agree with and have been using for a long time. its the key to success in the long term. i do not have stops of more than 10 pips on intraday trades. and i move my stops to BE as quickly as possible..... and that has insured a successful last two years for me.

the idea of having tight stops is what attracted me to this thread in the first place. but i wouldnt go as far as having a very low stop of just 2 pips. in my opinion you wont get even 1 successful trade in a month using a 2 pip stop. and that cant possibly be good ?



i would like to see your stats for the past 4 weeks. and how many successful trades you have had.
Quoting whatfx
hey fellas, dont get me wrong. iam not dissing tony or his system.

i aint seen any signals on the 5 sec chart that went on to be a successful trade, none in the last 4 weeks i have been testing this system.

so if you deathbelt, and lukazman both have your stats for the last 4 weeks at least, i would be happy to take a look at them.


Q) how many successful trades have you guys had using this method in the last 2 months, where the 5 sec 5 pip candle did not reverse on you ?


anyway, the idea of having very tight stops is something...

what you just wrote is indeed debatable. What I was referring to was your original comment that 5 pip moves in 5 seconds did not occur on a regular basis.
The best time to trade is during a speech or conference. Wait for a break-out and jump in.
Invest in alarm clocks
Quoting Tony112
The best time to trade is during a speech or conference. Wait for a break-out and jump in.
Tony, you say a speech and Conference high impact? Are how many news of these approximately per month? Of course also when a Central Bank comes into action.
Invest in creating their EAs, because one day you need one!
  • Post #7,206
  • Quote
  • Edited Jan 14, 2013 8:48am Jan 13, 2013 7:08pm | Edited Jan 14, 2013 8:48am
Quoting Tony112
Guys, there is only one thing that will make a difference between success and failure with this system.

We have to eliminate the chances entering on false breakouts, just like in the e.g.


For the moment, I use these rules and settings:

1. Trading after 3 am est. time
2. Trading in the minutes following major news
3. Trading in the minutes following major speeches
4. Trading at psychological, support and resistance level


False breakout:
Recalling the post 1027 of Tony112, page 69. Tony had already said it once.
http://www.forexfactory.com/showthre...156106&page=69

Another small question: This psychological support is within 5 seconds?
Invest in creating their EAs, because one day you need one!
Quoting thiagocanuto
Recalling the post of Neil 1027, page 69. Tony had already said it once.
http://www.forexfactory.com/showthre...156106&page=69

Another small question: This psychological support is within 5 seconds?
you would need to observe a 5 sec chart for the break-out (5+ pip candle), entry would be done based on what you observe on the 5 sec chart but you can get a hint from the 5 min or 15 chart for the support and resistance...

either way, it's not the best way to trade.

As I posted, the MOST successful way to trade to enter a 5 pip candle at a beginning of a speech or conference... anything can be said.
Invest in alarm clocks
this week I'll trade the opens again since there are no major speeches or news... an am currently sitting on the biggest balance ever, since I started trading. Again.
I will, on the next LO open place the biggest trade I have ever put since the beginning Once again broke a record last week with the ECB speech
Invest in alarm clocks
Quoting whatfx
sorry to be blunt, you wont get a 5 pip 5 sec candle , not even once in a month. maybe in a blue moon.

so, i dont know where tony gets his tbh.
In my opinion, the problem is just the opposite... we encounter too many fake 5 pip candles on the 5 second chart and filtering them is the current most difficult and problematic issue. Almost everyday we will get a 5 pip candle but I suggest trading either the first after an open, or even only the first during an important speech.
Invest in alarm clocks
Here is an example of a 5 pip candle/5 sec chart in a non-volatile environment. It leads into total failure. The public doesn't follow. Indeed, a huge transaction has been made by some institution but it has no influence cause it's not published as ''news''.
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Invest in alarm clocks
Hey Tony. It would be good to get that first post updated- just to set the rules in concrete again.
They call this setup ''the infected syringe'' be careful
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Invest in alarm clocks
Quoting Tony112
They call this setup ''the infected syringe'' be careful
I've just taken SHORT at the third big red candle right after that spike and get stopped out.
Anyway, it's a demo trade

Thanks Tony!
Quoting Tony112
you would need to observe a 5 sec chart for the break-out (5+ pip candle), entry would be done based on what you observe on the 5 sec chart but you can get a hint from the 5 min or 15 chart for the support and resistance...

either way, it's not the best way to trade.

As I posted, the MOST successful way to trade to enter a 5 pip candle at a beginning of a speech or conference... anything can be said.
Thank You Tony. I will follow your advice.
Invest in creating their EAs, because one day you need one!
Trap infested market, nothing is perfect. Feels like walking in a field full of mines.
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Invest in alarm clocks
Classic failure
no trade was taken
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Invest in alarm clocks
Quoting Tony112
an explanation will be provided this evening, stay tuned it's good as platinum
Tony, when will you post it ? Thanks.
;)
Quoting snail69
Tony, when will you post it ? Thanks.
I have to redo post no.1 I'm working on it.
Invest in alarm clocks
Not all 5 pip candles succeed in to 400 pips epic wins. Most fail in the very first seconds or minutes.
Invest in alarm clocks
I'm in from London open today

which target price can I get?

thx
Don't give up
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