5Min Intraday System | Page 228 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Forex intraday using the 5min chart: EURUSD 108 replies

The Force 5min system 3,806 replies

Intraday Pound Trades on 5min chart [GBPUSD] 36 replies

5min Bollinger breakout system 42 replies

Attachments: 5Min Intraday System
Exit Attachments

5Min Intraday System

  • #4,541
  • Jun 26, 2008 3:44am Jun 26, 2008 3:44am
I got an entry signal at the close of the 9.15 GMT candle with a stronger confirmation signal at the close of the 9.45 candle and an exit signal at the close of the 10.10 GMT candle, but I would have closed my position at the latest at the close of 10 GMT candle. Still testing my system.


Quoting eyevoltage
I didn't unfortunately, but it's a lovely move. Personally, I would have waited for the move above the R1 line and then let it ride, not least because of the very small upper shadows on the candles. Almost ALL bull pressure! Nice to see. SMA + 21ema looks good, as does the ADX which, for me, would be ideal for a "go". I was watching something else at the time, so it serves me right.
  • #4,542
  • Jun 26, 2008 3:46am Jun 26, 2008 3:46am
Quoting eyevoltage
I didn't unfortunately, but it's a lovely move. Personally, I would have waited for the move above the R1 line and then let it ride, not least because of the very small upper shadows on the candles. Almost ALL bull pressure! Nice to see. SMA + 21ema looks good, as does the ADX which, for me, would be ideal for a "go". I was watching something else at the time, so it serves me right.
Yes, entered at 09H16gmt @1.9777 for 10pips profit. Was a bit worried about the R1 line and the big bearish candle (bearish 3 pattern was a possibility) but it worked out.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,543
  • Jun 26, 2008 3:58am Jun 26, 2008 3:58am
Glad to see you both taking advantage of a nice move.
  • #4,544
  • Jun 26, 2008 3:58am Jun 26, 2008 3:58am
It's a few years now that I don't use skype. How does the skype chat work and can I participate?


Quoting Golfer
Hi Spot

See my answers in your message:



Pleasure is all mine - I hope it make sense
  • #4,545
  • Jun 26, 2008 4:35am Jun 26, 2008 4:35am
Quoting On the Spot
It's a few years now that I don't use skype. How does the skype chat work and can I participate?
It is an instant message method.

Just Skype me and ask me to be accepted as contact of mine. Then I'll add you to the chat.

We just discuss the setups as they develop - we don't use the chat to explain the system. We cannot because one needs to focus on the setup and know what the members are talking about. The explanation of systems and setups are still done here on the thread.

My Skype ID is whk139
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,546
  • Jun 26, 2008 4:48am Jun 26, 2008 4:48am
Got an entry signal at 11.30 GMT, and a stronger confirmation signal at 11.35 GMT exit signal still to come
  • #4,547
  • Jun 26, 2008 4:51am Jun 26, 2008 4:51am
Long at 10 out at 32. Managed to get a bit more from the long, fortuitous as I left the pc for 10 minutes with the stop in place.
Attached Image
  • #4,548
  • Jun 26, 2008 4:56am Jun 26, 2008 4:56am
I see an equally good 3 little sisters on the cable. However my style is to trade one pair only, so missed that. Hope some of you got on board that one!
Attached Image
  • #4,549
  • Jun 26, 2008 4:57am Jun 26, 2008 4:57am
My exit 11.55 GMT but still waiting for the official exit signal

Quoting On the Spot
Got an entry signal at 11.30 GMT, and a stronger confirmation signal at 11.35 GMT exit signal still to come
  • #4,550
  • Jun 26, 2008 5:01am Jun 26, 2008 5:01am
My system confirmed the same trade. Getting closer to you

Quoting emacro
Long at 10 out at 32. Managed to get a bit more from the long, fortuitous as I left the pc for 10 minutes with the stop in place.
  • #4,551
  • Jun 26, 2008 5:13am Jun 26, 2008 5:13am
Hello i was up early today( 4am us est) because i was anticipating a tc on euro 4 hours. However it was worth it becaue i did 2 nice trades on euro. the entries are pointed by arrows. Gu gave some nice setups too but like emarco i feel i do better when focus on one pair at a time.
Attached Image (click to enlarge)
Click to Enlarge Name: euro beauty.jpg Size: 162 KB
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #4,552
  • Jun 26, 2008 5:17am Jun 26, 2008 5:17am
Quoting On the Spot
My system confirmed the same trade. Getting closer to you
In this short term system, because of the tight stop entry is important, but I do agree with you exit, can and do add extra pips to your bottom line.

I am trying to let selective trades run a bit more, but always mindful of the 5 min intraday system design as a "10 pip system".
  • #4,553
  • Jun 26, 2008 5:33am Jun 26, 2008 5:33am
Got last buy signal at 1.9870, looks like the bulls are slowly running out of steam. Anyhow see you later, time to go to work.

Quoting emacro
In this short term system, because of the tight stop entry is important, but I do agree with you exit, can and do add extra pips to your bottom line.

I am trying to let selective trades run a bit more, but always mindful of the 5 min intraday system design as a "10 pip system".
  • #4,554
  • Jun 26, 2008 5:35am Jun 26, 2008 5:35am
Used your three down system for 10 pips. Just made it on my broker--IAB.
  • #4,555
  • Jun 26, 2008 5:36am Jun 26, 2008 5:36am
Let me try to attach again.
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 20 KB
  • #4,556
  • Edited 7:36am Jun 26, 2008 7:23am | Edited 7:36am
Quoting BIL2205
Hello i was up early today( 4am us est) because i was anticipating a tc on euro 4 hours. However it was worth it becaue i did 2 nice trades on euro. the entries are pointed by arrows. Gu gave some nice setups too but like emarco i feel i do better when focus on one pair at a time.
Just to show us she can still do it. Well done.

Yes I do focus on my 3 pairs and I even ignore the other pairs if members mention them on the Skype chats. Nowadays I don't even open a chart to look at them. I just ignore it - not to be rude, but to ignore the temptation to have a look and maybe start trading them.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,557
  • Jun 26, 2008 7:58am Jun 26, 2008 7:58am
Quoting mdowd
Let me try to attach again.
Nice example of a bullish 3 pattern. The next candle was the power candle but nothing wrong with your entry. Nice one.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,558
  • Edited 11:04pm Jun 26, 2008 9:09am | Edited 11:04pm
my trades for today, first eu at 10:50gmt, second gu at 10:57gmt. Didn't want to take more setups afterwards.
Attached Images
  • #4,559
  • Jun 26, 2008 9:47am Jun 26, 2008 9:47am
Quoting islandtrader
my trades for today, first eu at 10:50gmt, second gu at 10:gmt. Didn't want to take more setups afterwards.
Great trades - looks like you are feeling more comfortable each day. I cannot even comment on your trades anymore.

Well done and thanks for the assistance with the Skype chat during the hours that I cannot chat.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,560
  • Jun 26, 2008 9:56am Jun 26, 2008 9:56am
Long wait for 12 pips. But it finally plinged
Attached Image (click to enlarge)
Click to Enlarge Name: uj2.gif Size: 14 KB
1 trader viewing now