5Min Intraday System

Glad to see that
It seems today was great in g/u and e/j, each chart speaks by itself.
I had some problems with electricity at home and I could not take them...maybe in next.

Have to recover my sanity. Guilty of impulse trades, last week and this morning. I can sound wise and thoughtful when I'm writing to someone else, but, sometimes, while I'm trading, my tongue reaches the floor, and I'm drooling all over myself. Congratulations to those of you who keep trading sane. --Tony

[4:22:41 PM] Willem Kruger says: Agree - struggle to read the markets now
[5:13:36 PM] Willem Kruger says: Cable - looks like Mk is right. Getting out of non-trade zone
[5:32:05 PM] Willem Kruger says: Cable - first Tc but too far form the zone
[5:40:43 PM] Willem Kruger says: WOW - that TC did work. Hope somebody caught it
[6:36:06 PM] Willem Kruger says: EUR - that TC was quick. Got 10pips out of it
[6:37:34 PM] Willem Kruger says: 4 trades today = 44pips. I am done for today

Loss Trade -15.2pips
Saw EU had a strong up price and still I sold EJ. Bad decision.

10 pips banked

Hello there! Let's see if we can take home some pips today..

Hmmm... PA is not so good, dont you think so? My EJ trade is trying hard to avoid the SL..

EJ stopped for -20pip.... 162.35 shld be an interesting level...

my eu trade:i took profit for 10pips,
i have this thing many time,price falls below the 21 and close below ,then a doji and then a powerfull up candle and price continue the up movement.do u see that before?

This is a pullback on cable, which I hesistated and missed.

That was actually a good signal - on my 25-50.

This is a bit tricky - comparing 4H and 5M, Nice entry for 5M but wondering if this will form as a shooting star in 4H.

Just took this a few minutes ago.

5 on the first and floating 32 right now...

Trichet and Bernanke are both speaking at the same time today in about an hour, be careful here...

My trades today.

EUR/JPY
#1:
Short at 162.079
Closed at 162.069: +1.0 pips
#2:
1st Long at 162.372
2nd Long at 162.272
Closed at 162.382: +12.0 pips

http://www.xaron.net/dl/fx/2008/intr...jpy_030608.png

EUR/USD
#1:
Long at 1.55552
Closed at 1.55852: +30.0 pips
#2:
Long at 1.55476
Closed at 1.55776: +30.0 pips

http://www.xaron.net/dl/fx/2008/intr...usd_030608.png

GBP/USD
#1:
1st Short at 1.96246
2nd Short at 1.96346
3rd Short at 1.96446
Closed at 1.96546: -60.0 pips
#2:
Long at 1.96630
Closed at 1.96640: +1.0 pips
#3:
1st Long at 1.96732
2nd Long at 1.96632
3rd Long at 1.96532
Closed at 1.96642: +3.0 pips

http://www.xaron.net/dl/fx/2008/intr...usd_030608.png

USD/JPY
#1:
Short at 104.234
Closed at 104.224: +1.0 pips
#2:
Short at 104.180
Closed at 104.170: +1.0 pips
#3:
Short at 104.072
Closed at 104.062: +1.0 pips
#2:
Long at 1.96630
Closed at 1.96640: +1.0 pips
#3:
1st Long at 104.363
2nd Long at 104.263
Closed at 104.624: +62.2 pips

http://www.xaron.net/dl/fx/2008/intr...jpy_030608.png

Regards - Xaron

Great pips Xaron!

Still holding the EJ: plus 30

This trade was a good one... I traded the 4H and it paid off... Although it's not base on this strat but my 4H gave me a favorable pips... Still running...

All Buy UJ for a total of +160pips.
Made up for my loss earlier of -15.2pips.
As of this writing, it went to 105.53. My last lot had a TP of 105.50 but I just close the last remaining trade at 105.34 since I was tired.

That's all folks for today... my E/U still running... +105 if SL is hit...
I hope you bagged pips, too!

Hello Winston. What indicators and/or strategy do you use aside from Philip's 5Min Intraday System? Thanks.

Golfer, thanks for your support.

Xaron's charts are beautiful. I wish I can also post charts without people clicking on it to see it more clearly.

The chart tells the story. Three short trades, first one breakeven, though it could have been a maximum of 7 pips, second one for 8 pips, and third one for 5 pips. The last trade was more with the support of the zero break forming on the 4 hour chart and the proven resistance at the 1.5460 level from two close together price lines as well as the S 1.5 level. My plan was to hold out for the ZB signal if price stayed under the small trend line, but the pressure building over time, and the fact that price kept staying above the price line at 1.5439, was too much for me, and I found that I wanted to take a small profit, that I couldn't stand to lose even a small amount today, though I'd let myself lose a larger amount yesterday and last week. That's what bad trading does to me, and it's a harder battle than it would seem it should be. I simply have to keep coming back to the goal of following rules and of self-discipline. If I keep doing that, maybe, I'll succeed eventually. It's terribly humiliating. The best to all. --Tony