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5Min Intraday System

  • #4,101
  • May 29, 2008 1:11am May 29, 2008 1:11am
Quoting winston
Entry at 50ma in case ur checking the chart - I'm a bit conservative
well.. rockin' so far... take a few pips for profit.. pay ur effort
  • #4,102
  • May 29, 2008 1:12am May 29, 2008 1:12am
Nice trades winston...
Don´t live for working, but work for living.
  • #4,103
  • May 29, 2008 1:27am May 29, 2008 1:27am
Quoting winston
GU: Sell 1.9732
EU: Sell 1.5606
GU stopped at 1.9712 +20, Comment: Should have put SL above my 25ma.
  • #4,104
  • May 29, 2008 1:28am May 29, 2008 1:28am
Quoting winston
GU stopped at 1.9712 +20, Comment: Should have put SL above my 25ma.
Anyway - another entry opportunity to sell at 1.9712. - Tayor
  • #4,105
  • May 29, 2008 2:11am May 29, 2008 2:11am
Quoting winston
GU stopped at 1.9712 +20, Comment: Should have put SL above my 25ma.
EU stopped out at 1.5572 +34

+54 pips for this trade.
  • #4,106
  • May 29, 2008 2:16am May 29, 2008 2:16am
Quoting winston
GU: Sell 1.9732
EU: Sell 1.5606
Here's the trade setup for EU
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_5m_29may08_02.JPG Size: 95 KB
  • #4,107
  • May 29, 2008 2:19am May 29, 2008 2:19am
Quoting winston
Here's the trade setup for EU
The 50ema pink line is not visible on this picture. Im sure you can view it on your chart.
  • #4,108
  • May 29, 2008 2:21am May 29, 2008 2:21am
Quoting winston
Here's the trade setup for EU
looks like price is still going down after i was stoped out. Well...
  • #4,109
  • May 29, 2008 7:31am May 29, 2008 7:31am
closed +14pips
Attached Image (click to enlarge)
Click to Enlarge Name: cd.gif Size: 17 KB
  • #4,110
  • May 29, 2008 9:14am May 29, 2008 9:14am
Price seemed so heavy that I got a little greedy at one point and started trying to sell off a price line at 1.5532. Of course the way price is going down now, there wouldn't have been any problem, but I didn't know that at the time and was thankful to get one pip profit on the final trade. Total of twelve pips. --Tony
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 5min 29may2008.gif Size: 22 KB
  • #4,111
  • May 29, 2008 11:22am May 29, 2008 11:22am
Very risky trade - not the way to trade using this system. I don't think you won't make a success with this system trading setups like this.

Too many negative signals - 2 thick black lines showing support and resistance with the price going up and down bouncing off each. Then my SMall resistance lines was broken and close of an candle on wrong side of the 21- looking for an exit as close as break even as possible.
Attached Image (click to enlarge)
Click to Enlarge Name: 20080529 5min trade 1jpeg.JPG Size: 98 KB
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,112
  • May 29, 2008 12:12pm May 29, 2008 12:12pm
No TC on the MACD kept me out of a possible bad trade - other signals were there.

Then I saw this head and shoulder pattern - (almost as nice as the 3little sisters) with right shoulder right on the 50MA going below the 50. Got 20pips out of it - length of the neck line going down?

Thanks Yannis, EA is working excellent - did the trade with the EA.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20080529 ey.JPG Size: 101 KB
Click to Enlarge Name: 20080529 ey2.gif Size: 33 KB
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,113
  • May 29, 2008 12:40pm May 29, 2008 12:40pm
3 trades for me today - all three positive for 31pips profit
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,114
  • May 29, 2008 1:25pm May 29, 2008 1:25pm
Quoting Golfer
No TC on the MACD kept me out of a possible bad trade - other signals were there.

Then I saw this head and shoulder pattern - (almost as nice as the 3little sisters) with right shoulder right on the 50MA going below the 50. Got 20pips out of it - length of the neck line going down?

Thanks Yannis, EA is working excellent - did the trade with the EA.
It seems my platform did not show any signal at same point.
Could the signals be different even in 5 min charts?, I always thought that 5 min charts were all the same.
Attached Image (click to enlarge)
Click to Enlarge Name: chart4.gif Size: 20 KB
  • #4,115
  • May 29, 2008 3:41pm May 29, 2008 3:41pm
hi ,
I'm Barak , I'm very impressed with this system ,

one qeustion about the sma angle indicator , i can't see the 21ema on it , I downloaded it ok I think but for some reason it doesn't show me the 21 ema ,

I'll appriciate your help ,
thanks.
  • #4,116
  • May 29, 2008 10:55pm May 29, 2008 10:55pm
Quoting Barak's pip
hi ,
I'm Barak , I'm very impressed with this system ,

one qeustion about the sma angle indicator , i can't see the 21ema on it , I downloaded it ok I think but for some reason it doesn't show me the 21 ema ,

I'll appriciate your help ,
thanks.
Hi Barak

I did write a Appendix on how to build the Smaangle with the 21 on it. The link is on page 1 ( My Rules on page 156 of this thread). Otherwise, if you've downloaded the SMAangle indicator correctly, you can use one of our templates. The 21MA will appear on your indicator - hopefully.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,117
  • May 29, 2008 11:21pm May 29, 2008 11:21pm
0817 gmt. Golfer, are we going to set up bearish 3 pattern here?
Attached Image
  • #4,118
  • May 29, 2008 11:35pm May 29, 2008 11:35pm
Quoting emacro
0817 gmt. Golfer, are we going to set up bearish 3 pattern here?
5480 is very strong area in daily/H4 TFs .better to wait this level broken
  • #4,119
  • May 29, 2008 11:36pm May 29, 2008 11:36pm
Anybody got this indicator? If you can share...
  • #4,120
  • May 29, 2008 11:40pm May 29, 2008 11:40pm
Quoting emacro
0817 gmt. Golfer, are we going to set up bearish 3 pattern here?
No blue candle, so I guess no pattern emerge.
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