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5Min Intraday System

  • #2,121
  • Sep 7, 2007 5:44am Sep 7, 2007 5:44am
I am taking a little b it of a holiday to Greece islands. Enjoy the trading, I'll back in a week.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #2,122
  • Sep 7, 2007 6:26am Sep 7, 2007 6:26am
Quoting TimeFreedom
EyeVoltage,

I encountered the same problem with the SMAAngle and the problem is you are probably using a bad version of the indicator (SMA_Angle vs SMAAngle). Enclosed is the version I am using and I have no problems zooming in and out now.

TimeFreedom
Many thanks indeed, my friend, for your post. Ever since I started using this system, I've always suspected there was something wrong with the SMAAngle indicator, but I couldn't figure out what it was. It always seemed to do what was required, so I just let it ride until I spotted the problem that prompted my post. Anyway, I've loaded the indicator you posted, and it's now absolutely spot-on!

Sincere thanks again, TimeFreedom. I truly appreciate you taking the time to help me out.

Cheers
  • #2,123
  • Edited 9:12am Sep 7, 2007 8:48am | Edited 9:12am
I missed the first pullback after the NFP strong move up. As you can see I placed my green arrow/entry arrow on the bar that closed above the M4 resistance line to be on the safe side.
Attached Image
  • #2,124
  • Sep 7, 2007 8:51am Sep 7, 2007 8:51am
I missed a second pullback. Too many distractions today.
Attached Image
  • #2,125
  • Sep 7, 2007 11:20am Sep 7, 2007 11:20am
I have not used ADX yet and am new to it. Does it help much with the trade and how heavy do you rely on it?
Keep taking CT trades, I need more money
  • #2,126
  • Sep 7, 2007 7:45pm Sep 7, 2007 7:45pm
  •  Trader#0000
  • | Status: Unregistered Trader
Quoting TimeFreedom
I missed a second pullback. Too many distractions today.
Hehehehe

I got it... ... but got too greedy, and held out for more pips... before I knew it I was back to break even !

Ah well, dems the breaks! I really need to stick to just catching ten or so pips each time rather then hold out more more... I know in the long run I will come out ahead but still, its the dragon I need to slay with this system!
  • #2,127
  • Sep 9, 2007 5:23pm Sep 9, 2007 5:23pm
Hi all!!!!

Thought I'd share another nice trade. All 3 yen currencies were in synch. Money for jam.

http://i232.photobucket.com/albums/e...pipsgbpjpy.gif
  • #2,128
  • Sep 9, 2007 6:22pm Sep 9, 2007 6:22pm
Quoting letitride
Hi all!!!!

Thought I'd share another nice trade. All 3 yen currencies were in synch. Money for jam.

http://i232.photobucket.com/albums/e...pipsgbpjpy.gif
Hey Good For Us, I caught the same trade!!!
  • #2,129
  • Sep 11, 2007 11:54am Sep 11, 2007 11:54am
I managed to pull 6 Pips from the AUS/USD @ lunch time in New York! It took me 2 trades to do it.
At this time I'm only using Phil's original rules, trendlines, pivots and price action..
Attached Image (click to enlarge)
Click to Enlarge Name: 11 Sept 07 AUD_USD Win.jpg Size: 114 KB
  • #2,130
  • Sep 11, 2007 12:07pm Sep 11, 2007 12:07pm
EUR / JPN seem dead today 0 trades so far.
Keep taking CT trades, I need more money
  • #2,131
  • Sep 11, 2007 2:07pm Sep 11, 2007 2:07pm
no comment!
Attached Image (click to enlarge)
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  • #2,132
  • Sep 11, 2007 4:58pm Sep 11, 2007 4:58pm
I'll comment "WOW", and I was happy with my six PIPS!!! I'm just scalping right now but I'd rather take what you see below.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD Full Trend.jpg Size: 104 KB
  • #2,133
  • Sep 12, 2007 1:27am Sep 12, 2007 1:27am
Dear traders,
Would you mind to take a look about my chart? is it correct? IT's a gbpusd pair taken on 05:55 GMT. please advise, btw. I do take the trade and I'll post the result here. thanks...
Attached Image (click to enlarge)
Click to Enlarge Name: gu5m.JPG Size: 50 KB
  • #2,134
  • Sep 12, 2007 1:40am Sep 12, 2007 1:40am
Open GBPUSD at 2.0346 close 2.0352 = +6 pips.. too scared to get more pips, so just take the small pips.
  • #2,135
  • Sep 12, 2007 2:05am Sep 12, 2007 2:05am
Hi guys,

I'm back again. Will post some trades soon. I'm really glad about this thread and that it's still alive. Thanks Phil and Willem and all the others!

To trade different pairs I don't use the fixed 10 Pips TP and 6(+Spread) Pips SL anymore. For the TP I use 0.075% of the price and for the SL I use 0.050% of the price which is almost 6/10 on the EUR/USD and 12/15 on the Cable... This way I take the price of the pair into the account...

Regards - Xaron
  • #2,136
  • Sep 12, 2007 2:10am Sep 12, 2007 2:10am
luckily I'm happy with small pips, since the GBPUSD has dropped!!
  • #2,137
  • Sep 12, 2007 4:20am Sep 12, 2007 4:20am
Quoting DaTrader
I'll comment "WOW", and I was happy with my six PIPS!!! I'm just scalping right now but I'd rather take what you see below.
hi
1-i see alot of chances to trade
2-i see a good trend which u can put ur sl below that or even trade on the trend
3-i see some good support and res. levels on that
4-and i see more that 100pips which i didnt trade lucky u , u caught 6pips.
  • #2,138
  • Sep 12, 2007 5:55am Sep 12, 2007 5:55am
  •  Trader#0000
  • | Status: Unregistered Trader
Hey All

Just wanted to post this one quickly. Happened at about 10:10 to 10:50 GMT. I managed to pick up 15 points, but I suspect that there maybe more left on the table since it just broke through support @ 1.1840.

Sold @ 1.18458, closed out @ 1.18308.

http://img252.imageshack.us/img252/6503/screenvp1.jpg
  • #2,139
  • Sep 12, 2007 12:53pm Sep 12, 2007 12:53pm
+ 10 Pips:
(Arrow up= Buy, Circle=TP)
Attached Image (click to enlarge)
Click to Enlarge Name: 12 Sept AUD_USD Plus 10 PIPS.jpg Size: 145 KB
  • #2,140
  • Sep 12, 2007 1:02pm Sep 12, 2007 1:02pm
Hind sight I shouldn't have taken this one. Price was way too choppy, spread was way too wide (5 PIPS).... If i would've widened my SL I could have won, but I think I'd prefer to just avoid this pair all together. There is almost a direct correlation with the EUR/AUD and the AUD/USD, I think I'll stick with the latter, much tighter spreads..
(Arrow down=sell, circle =SL)
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_AUS LOSS BY SPREAD.jpg Size: 91 KB
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