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5Min Intraday System

  • #4,641
  • Jul 1, 2008 7:33am Jul 1, 2008 7:33am
Is someone here who is an expert in making template's or mq4's?
  • #4,642
  • Jul 1, 2008 7:47am Jul 1, 2008 7:47am
This is how it looks in real time. I need someone who can help me to put on 1 chart Phillip's 3 ma's, than my indicator and below it the sma angle. A nice template would perhaps make the trick, I'm not familiar with MT4.
Attached Image (click to enlarge)
Click to Enlarge Name: Eur.PNG Size: 32 KB
  • #4,643
  • Jul 1, 2008 8:12am Jul 1, 2008 8:12am
Hi Golfer, what is your impression of my add on?
  • #4,644
  • Jul 1, 2008 8:31am Jul 1, 2008 8:31am
Quoting On the Spot
This is how it looks in real time. I need someone who can help me to put on 1 chart Phillip's 3 ma's, than my indicator and below it the sma angle. A nice template would perhaps make the trick, I'm not familiar with MT4.
Opened the chart that you want to save as a template. Now just click on the "Template" icon on your MT4 platform (it is the one with several lines on it). You will see several options that you can use. Click on the "save template" and give it a name. Then save it.

Now you can open any chart and just click on the template icon again. Click on the template that you want to use for this chart. The chart will be transformed into this specific format.

Please note:

Another member must have all the indicators on his/her MT4 platform for the template to be open successfully - e.g. you must have the SMAangle indicator downloaded and saved in your MT4 "indicator" folder if you want to use my 5min template for example.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,645
  • Edited 8:55am Jul 1, 2008 8:33am | Edited 8:55am
Quoting On the Spot
Hi Golfer, what is your impression of my add on?
At this stage I cannot really comment because I am waiting for your explanation and mechanism of the indicator. Or did I miss something? It could be because I am busy with other stuff.

O, I see MxPips is also waiting for more information.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,646
  • Jul 1, 2008 8:35am Jul 1, 2008 8:35am
Quoting MxPips
Heres a trade discussed in the Skype chat, Islandtrader spotted the trade using 4 hour strategy very early and the entry was made on a nice pullback closing above the pivot line.
Now you can see what team work is all about - great one!!!!!
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,647
  • Jul 1, 2008 10:23am Jul 1, 2008 10:23am
Info
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 200800701 5min trade 1.1.JPG Size: 110 KB
Click to Enlarge Name: 200800701 5min trade 1a.1.JPG Size: 102 KB
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,648
  • Jul 1, 2008 10:24am Jul 1, 2008 10:24am
Info 2
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 200800701 5min trade 1b.1.JPG Size: 99 KB
Click to Enlarge Name: 200800701 5min trade 1c.1.JPG Size: 105 KB
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,649
  • Jul 1, 2008 11:02am Jul 1, 2008 11:02am
.....but I've just been looking back and seen these two. I wonder if anyone else spotted them?

First one is a nice little pull-back on the Pivot Point (1st arrow), and the entry point would have been on the 2nd arrow above the PP. The M3 line made a nice target!

On the second one, can someone confirm for me that this is a "church to the right" please? Still not 100% sure, so I'd appreciate it. After a fairly long wait as price trundled sideways, a lovely little pull-back to the PP, then the red arrow pin-points a nice drop to the S1 line.

Wouldn't it be nice if they were ALL like this?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd014.gif Size: 19 KB
Click to Enlarge Name: usdchf016.gif Size: 21 KB
  • #4,650
  • Jul 1, 2008 11:19am Jul 1, 2008 11:19am
Quoting eyevoltage
.....but I've just been looking back and seen these two. I wonder if anyone else spotted them?

First one is a nice little pull-back on the Pivot Point (1st arrow), and the entry point would have been on the 2nd arrow above the PP. The M3 line made a nice target!

On the second one, can someone confirm for me that this is a "church to the right" please? Still not 100% sure, so I'd appreciate it. After a fairly long wait as price trundled sideways, a lovely little pull-back to the PP, then the red arrow pin-points a nice drop to the S1 line.

Wouldn't it be nice if they were ALL like this?
Sorry......usd/chf in my last post didn't show the actual potential trade.
This one's better!
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf017.gif Size: 22 KB
  • #4,651
  • Jul 1, 2008 11:31am Jul 1, 2008 11:31am
Figure I'll get the unpleasantness out of the way before I read anyone else's posts. The lesson I want to learn from my period of trading today, I think, is to avoid entering in uncertain conditions. There was a large news candle down with better than expected ISM numbers and, then, two candles that made up all of the down candle's move, and that's the way price moved for the next hour and a half, staying within those two large candle's bodies, finally deciding for a bullish move. The other lesson is how easy it is to become convinced that I've seen a pattern in the price movement and how hard it can be to give up on that conviction. --Tony
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 5min intra 2bad losses 1july2008.gif Size: 26 KB
  • #4,652
  • Jul 1, 2008 11:38am Jul 1, 2008 11:38am
Quoting Golfer
Tony

Not really easy trading the EUR in your trading time frame lately. No good signals. All of the best.
Thanks, Willem. Oh, well... What's that quote? That which doesn't kill me only makes me stronger? --Tony
  • #4,653
  • Jul 1, 2008 12:04pm Jul 1, 2008 12:04pm
Quoting eyevoltage
Sorry......usd/chf in my last post didn't show the actual potential trade.
This one's better!
Sorry but I only look for the Church to right formation during the uptrends. Reverse church formation to be found on the down trends.

This setup is a classic 2 candle entry methods - one I don't really like but used by Philip.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,654
  • Jul 1, 2008 1:32pm Jul 1, 2008 1:32pm
i took this trade today, result was 10 pips loss. I entered late on the candle after the tc was already given. Got excited by the tail. 1st mistake. Broke my own rule . becuase if i miss my entry i let the trade go. Also MArket was still volatile after news./ Any ways. the 2 bullish candles were the warning. and i closed on the 3rd with a 10 pips loss.
So lesson learned . ALWAYS STICK TO YOUR RULES.
Attached Image (click to enlarge)
Click to Enlarge Name: euro 10pips loss.jpg Size: 204 KB
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #4,655
  • Jul 1, 2008 11:43pm Jul 1, 2008 11:43pm
Quoting OldDog
Figure I'll get the unpleasantness out of the way before I read anyone else's posts. The lesson I want to learn from my period of trading today, I think, is to avoid entering in uncertain conditions. There was a large news candle down with better than expected ISM numbers and, then, two candles that made up all of the down candle's move, and that's the way price moved for the next hour and a half, staying within those two large candle's bodies, finally deciding for a bullish move. The other lesson is how easy it is to become convinced that I've seen a pattern in the price movement and how hard it can be to give up on that conviction. --Tony
Hi Olddog.agree with u.
5M not trading the News.50SMA EU not a strong trend so not good signal for short,I think that it is fake signal
Lesson: Wait more,wait more...50 SMA is a strong Trend.
But more times I can not wait.
VN Trader.G day and G trade
Attached Image (click to enlarge)
Click to Enlarge Name: Dau hieu fake do News.jpg Size: 49 KB
  • #4,656
  • Jul 2, 2008 6:00am Jul 2, 2008 6:00am
Am in this short trade from the setup. Let's see what happens.
Attached Image
  • #4,657
  • Jul 2, 2008 6:04am Jul 2, 2008 6:04am
Today short trade EUR/USD
Entry: 1.5798
Trailing stop loss (6pips) above entry
Stop loss was hit at 1.5800
Loss: -2pips
Price went further down to 1.5784, then I left my workstation because it was time for my lunch. So no profit this morning
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd3m02072008.jpg Size: 316 KB
  • #4,658
  • Jul 2, 2008 6:26am Jul 2, 2008 6:26am
Hi emarco,

can you show me please the exact entry point/candle where you entered the short trade? Thank you

Quoting emacro
Am in this short trade from the setup. Let's see what happens.
  • #4,659
  • Jul 2, 2008 7:13am Jul 2, 2008 7:13am
gbpusd did not gather enough movement to make the 10 pips.
Attached Image
  • #4,660
  • Jul 2, 2008 7:14am Jul 2, 2008 7:14am
Quoting On the Spot
Hi emarco,

can you show me please the exact entry point/candle where you entered the short trade? Thank you
Hi On

When can we expect the explanations regarding your add on? Looking forward to it.
Willem Forex recipe for success = Patience, discipline & hard work.
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