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5Min Intraday System

  • #1,921
  • Aug 15, 2007 2:58pm Aug 15, 2007 2:58pm
Another of my favourite setups - the smooth round pullback with the entry on the 10MA (candle 1). Once you can draw a ellipse ("A") under the candles - look for an entry near the 10MA. The blue S1 line was just to close - I didn't enter the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 20070815 e$ 5 min smooth round setup.jpg Size: 84 KB
Willem Forex recipe for success = Patience, discipline & hard work.
  • #1,922
  • Aug 15, 2007 3:02pm Aug 15, 2007 3:02pm
Just another example of the smooth round pullback around an ellipse. This one I took because it was underneath the blue S2 line turning into resistance - enter on candle 1 for a nice 10pips profit but a possible 30pips on offer.

Look at that tail on candle B!
Attached Image (click to enlarge)
Click to Enlarge Name: 20070815 ey 5 min smooth round setup.jpg Size: 77 KB
Willem Forex recipe for success = Patience, discipline & hard work.
  • #1,923
  • Aug 15, 2007 4:13pm Aug 15, 2007 4:13pm
Quoting bshadroo
hi friend
pivot is different in different platforms
which time u use? gmt?
thx
I'm in the UK, so this is what we laughingly call "British Summer Time". Hence, at the moment, it's GMT+1.

Cheers
  • #1,924
  • Aug 16, 2007 3:36am Aug 16, 2007 3:36am
Quoting eyevoltage
I'm in the UK, so this is what we laughingly call "British Summer Time". Hence, at the moment, it's GMT+1.

Cheers
Hey eyevoltage
Thanks for the pointer on the pivots. On the British Summer time, I remember one week when I went back to boarding school in England, couple decades back, it SNOWED the first few days of what they called Summer term.
  • #1,925
  • Edited 4:42am Aug 16, 2007 4:38am | Edited 4:42am
Quoting emacro
Hey eyevoltage
Thanks for the pointer on the pivots. On the British Summer time, I remember one week when I went back to boarding school in England, couple decades back, it SNOWED the first few days of what they called Summer term.
My sympathies. You'll have gathered very early on that we use the term "summer time" very loosely over here. When we do get the chance to do a little sun-bathing, we have to go from blue to white first, before turning red. Now you know why our Union Flag is red, white and blue.

I thank yew.
  • #1,926
  • Aug 16, 2007 4:50am Aug 16, 2007 4:50am
We've seen three sisters many times. What do you think about three rivers?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 43 KB
  • #1,927
  • Aug 16, 2007 6:12am Aug 16, 2007 6:12am
You mean valleys :
what about this trade? If I had used a correct stop loss I would have made 100$ or more ...But because of my stupidity I put a stoploss after price moved 2-3 pips in favor of me,and I got stopped! DAMMIT! Fortunately the move was strong and I got another chance, and that time I caught the move!
http://img467.imageshack.us/img467/8320/yaygb9.th.gif
Money for nothin' and pips for free!
  • #1,928
  • Aug 16, 2007 7:47am Aug 16, 2007 7:47am
wonderfull tecnic
Nothing is True Everything is Permitted
  • #1,929
  • Aug 16, 2007 7:49am Aug 16, 2007 7:49am
Quoting ltklev
You mean valleys :
Isn't it the same?
  • #1,930
  • Aug 16, 2007 9:08am Aug 16, 2007 9:08am
Quoting ltklev
You mean valleys :
what about this trade? If I had used a correct stop loss I would have made 100$ or more ...But because of my stupidity I put a stoploss after price moved 2-3 pips in favor of me,and I got stopped! DAMMIT! Fortunately the move was strong and I got another chance, and that time I caught the move!
http://img467.imageshack.us/img467/8320/yaygb9.th.gif
Hi it

The picture is a bit small for comments
Willem Forex recipe for success = Patience, discipline & hard work.
  • #1,931
  • Aug 16, 2007 9:12am Aug 16, 2007 9:12am
Quoting Golfer
Hi it

The picture is a bit small for comments

Click on it, man. It will take you here
  • #1,932
  • Edited 1:16pm Aug 16, 2007 12:42pm | Edited 1:16pm
(My first post here so first of all, like many other traders on this thread, I am most indebted to Phillip for his method, time and patience. His approach has allowed me to not only know the system rules but also get a 'feel' for the charts as he sees them. A true artist. And Dariuske - many many thanks for sharing your work. In fact every contributor has made this thread a gem.)

This is how I plan to trade this method. Especially good on recent trending days we've had. I think the chart is self explanatory but nonetheless:
Entry by method red arrows
Partial exit 10 pips. purple lines
(SL = BE for remainder of position)
Complete exit when angle of 21 EMA = 0 degrees (horizontal). green arrow
Attached Image (click to enlarge)
Click to Enlarge Name: audusd16aug.jpg Size: 71 KB
  • #1,933
  • Aug 16, 2007 2:18pm Aug 16, 2007 2:18pm
total 35 pips with cable today nod bad at all im amazed actually, im using 4 hour macd but today there isnt anything with that system so im happy taht i can use 5 min when 4 hour is silent
Nothing is True Everything is Permitted
  • #1,934
  • Aug 16, 2007 2:42pm Aug 16, 2007 2:42pm
My trade today on the E$. I just liked the triangled being formed between the two black lines - so I waited for the 21MA to come out of the non-trade zone (the red dotted vertical line) and the price stayed above my small support line. Enter on candle above arrow and a quick 10 pips profit on the next candle.
Attached Image (click to enlarge)
Click to Enlarge Name: 20070816 e$ trade 1.jpg Size: 86 KB
Willem Forex recipe for success = Patience, discipline & hard work.
  • #1,935
  • Aug 16, 2007 3:05pm Aug 16, 2007 3:05pm
Hi,could someone explain the absolute correlation between eurjpy and the usdjpy? have you noticed it too ,sorry if i sound noobish a little (or a lot), and if so , why keep an eye on 2 similar pairs?
Money for nothin' and pips for free!
  • #1,936
  • Aug 16, 2007 3:16pm Aug 16, 2007 3:16pm
Quoting arielkorber
(My first post here so first of all, like many other traders on this thread, I am most indebted to Phillip for his method, time and patience. His approach has allowed me to not only know the system rules but also get a 'feel' for the charts as he sees them. A true artist. And Dariuske - many many thanks for sharing your work. In fact every contributor has made this thread a gem.)

This is how I plan to trade this method. Especially good on recent trending days we've had. I think the chart is self explanatory but nonetheless:
Entry by method red arrows
Partial exit 10 pips. purple lines
(SL = BE for remainder of position)
Complete exit when angle of 21 EMA = 0 degrees (horizontal). green arrow
Hi Ar

Great trade.

The close of half your position works well in trending markets but if the markets are in range, consider to take your 10pips if it is up for graps. That is what I trying to do know. That is why you'll see sometimes I do take my 10pips and walk away.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #1,937
  • Aug 17, 2007 3:09am Aug 17, 2007 3:09am
This is one worth noting. One for you eyevolaage, from my metatrader, which I finally got set up...
Attached Image
  • #1,938
  • Aug 17, 2007 4:06am Aug 17, 2007 4:06am
0902 GMT. Can it make new low?
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  • #1,939
  • Aug 17, 2007 4:11am Aug 17, 2007 4:11am
  •  Trader#0000
  • | Status: Unregistered Trader
Quoting emacro
0902 GMT. Can it make new low?
/me is watching this and EUR very closely.... good luck!
  • #1,940
  • Aug 17, 2007 4:31am Aug 17, 2007 4:31am
0927 GMT. Breaks new low. With FX markets going crazy, maybe cna hold to milk the trend.
Attached Image
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