5Min Intraday System

Just to show people a picture of Cable as setup developed (I didn't know what will happen next):

1. Nice 3 white soldiers to the daily R1 line. What is going to happen next? Will it hold?

2. At this stage a possible ascending triangle being formed.

3. No sign of double top - so get ready for possible break to upside.

Second chart:

My entry point and 10pips profit later. Then you do have a double (1,2), even a tripple top (3) forming. Not really a perfect 3 little sisters formation.

From now on, no more long trades for me on Cable today.

Just to show another example of $Y in development:

Chart 1:

What a beauty - ascending triangle with enough space to daily R1 line.

Chart 2:

My entry point - very risky away from 10MA but on my small support line. And 15pips profit exit.

After that 21MA broken ("stay out message")

And I have already drawn my next small resisance line for the next setup although the 21MA on SMAangle is still way above the 0.1 line - not even in the non-trade zone yet. I just put it on my chart to give me an idea what is going to happen.

And then we do have the typical EY pattern without an entry signal on 5min chart - for those who do follow this thread you'll remember that I've posted the pattern before.

Go now to the 1min chart to if there are any signals - there are one or two I think.

Hi,

If you entered where i have indicated the Bagovino Sidewinder negated that one. Which would have saved you some grief.

napeharm

The two good trades which appeared on my Euro. template. I spent the day listening to Phils 4 hr method so wasnt trading the 5 min. method today.

napeharm

And, one trade on GBP/USD.

napeharm

And my Small resistance line on $Y is already broken meaning I can relax - nothing is going to happen. Choppiness to follow? Be careful and wait for direction.

This is how I read the story.

thanks mr. golfer for the charts and the story. I'll keep in posting n reading. this method is amazing...

Well, I think I've got it. On pg. 15, I believe, Dariuske posted an attachment called MA angle indicator. It' now on my chart ---hoorah!. But it's not the SMAangle indicator. Any difference from just the "MAangle indicator"?
The specs in the window are: MAangle(50,0.25000000,2.0). Am I on the right track?
Want to acknowledge Golfer & eyevolt. for their urging on.
Sid

Hi,

This is the one i am using, there are several differant ones, but one of them doesnt allow the moving average to be overlaid. See if it works if you havent found it by now. One way of telling it is the 'right' one is that it cannot be changed or accessed through the indicator editor.

napeharm

Hi All

Tx, Napeharm but it seems like we do have some problems with the indicators.

Later today I'll try and put all my indicators and templates (the ones I am using) on the thread - I hope it will assist you.

My indicators from my laptop.

My indicators (2)

My indicators (3)

Please save all the indicators as indicated in My Rules (for my Pc is was C drive, Program files, InterbankFX, expert, indicators).

Now the template - save in "template" folder as above.

I hope last 4 posts on previous page will assist all the newbies/people who are struggling with the setups of the charts.

Chart 2:

Entry and exit for 10pips profit with a Church to Right formation.

Chart 1:

Just to show you how a tail can hurt you. If you haven't chart 2 in front of you, would you consider another long trade?

Napeharm, you're right. The 21ma overlay is flat along zero line, but when I first set it up, it was OK. Bummer!

Either my comp. won't allow me to access attachments ending in...ex4, but will allow ...mq4, or it's my lack of comp. skills.
Golfer, thnx for the indicators, but they all end in....ex4; therefore, I can't access them, even after I saved them in 'experts' > 'indicators'. Still working on this. I'll try the MetaTrader forum & my broker, IBFX to get it resolved.
Thnx------- Sid

Disregard last post. All is OK. I'm using Dariske's MAangle indicator from pg. 15.
Thnx to all.
Sid

I had problems with the SMA Angle from time to time as well. The multicoloured one wont allow a 21 moving average. Its a shame the one that will cannot be changed and be more flexible though.

As long as your fixed thats ok.

napeharm