any best 5 min strategy???

Hello Hello!!!

did any of you expert in 5 min strategy????

pls share with me.....i did test few method from this Forex factory, but it seems i'm still losing....pls render ur support to me.
thanks...mohan

do not try system after system just pick one and try to develop it to fit you otherwise no system will work there is no universal system that work some thimes trader do make the system work ..... do not know i do find one very good and do not which one was but i will attach a picture ....it`s very good system i think

the system i do add some things . like dimiani (shows when is good to trade) Gann_hilo (12) pivot points .... and some otehr thing like stoch 5.3.3 and 14.3.3 macd 5.13.1

here you are;]

http://www.forexfactory.com/showthread.php?t=93437

goog one but try this for eur/usd i do use MB trading with 1 pip most time and i put 5 pips take profit and ... results are promising i do not use this system yet just trying it but it seems good one .;]

1st of all I can't why u guys run after short term trading. Try to concentrate on not less then 15 mins chart.1 hour chart and 13 and 5 ema could be good. No need to use many many indicators, EMA is enough. Wht I see is most importent decoding each and every candles.That is the secret of Fx success. And be sticky with your own strategies. Follow some basic ethics of Fx. and money management.

I do agree with you but also every trader has it`s own understanding how to trade some can`t trade small timeframes other can`t trade with bigger time frames i also do thinkthat everyone has to find which fit his style and which he feel more confortable with ... also about ... 5& 13 ema on 1hour this could work for you but if you want to use some simple strategy you also have to have good knowledge about forex not just to wait for simple cross am i right?all in all everyone has to find his own way of understanding forex ..... i do know a trader that work as a teacher and trade at the same time and SHE do make sometimes more than 2000pips per week which is a lot ... her system is based only on supp res on weekly chart and she trade it on 4h chart no matter i do want to tell you that everyone has it`s own way of trading and i do not agree some people here just saying do not ty this or that you should trade this and that every trader could pick on his own what he want to trade and how ..... peace ..... and good trading all

it might sound boring, but i agree that the best way to trade is longer TF 15M and over....

i scalp only out of boredom and only if i have a solid trade on my charts...
if ur new with forex i wouldnt suggest you to scalp.. anyways dont want to be the dream breaker here so thats what i use for my scalping (and like i said i rearly scalp)

the good all S&R Chears and good luck !!!

and here is a scalp to be soon!

Hi Mohan,

how long have you been trading? by the initial impression i feel you're very new to this, if i am right the 5 min may not be the best Tf for you...sorry if i sound harsh but the truth is that the 5 min is much more than just a few exciting trades and the pleasure you get to see the price move pretty fast and entertain you. if my advice matters anything to you, you should not be looking at anything under thr 4H atleast for your first few months for a number of reasons:

1) News impacts can terribly destroy you on the lower Tfs if you're caught unaware

2) the higher the Tf more the technical analysis hold true and vie versa (including trendlines, pivots fibs and simple prie action)

3) lower Tf move way to fast or the inexperienced eye..

4) less of stress and the need to glare your pc day in and day out on the higher tfs vice versa for lower tfs

there are ofcaorse many more disadvantages but these are a few major ones. make sure that you are well aware of all the odds and if even then you decide to give more weight to the "fun" part of the lower tfs it's up to you really...

you are not boring i do think like you but also like i said everyoine has it`s onw way of doing things .....

Hello JK$$$,

can you please explain how do you make all those nice lines coloured in different colours and stuff?