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5Min Intraday System

  • #5,901
  • Nov 26, 2008 11:20am Nov 26, 2008 11:20am
Man, it is time to change brokers with such spread.
  • #5,902
  • Nov 26, 2008 11:32am Nov 26, 2008 11:32am
Why noone took this trade?
Seems like a nice power candle at 9:20AM London time?
Is that becaise you don`t trade 1 hr before and after market opening?
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  • #5,903
  • Nov 26, 2008 11:56am Nov 26, 2008 11:56am
Quoting sanjur0fla
Man, it is time to change brokers with such spread.
Yes, spreads are going crazy sometimes on InterbankFX nowadays. Lets hope it recovers soon. Otherwise I'll follow your advice.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #5,904
  • Nov 26, 2008 11:57am Nov 26, 2008 11:57am
Quoting bshadroo
welldone,i see a buystop on ur chart ,would u plz explain it ?
thx
Sorry Be, just ignore that buy stop. It is another 1h system I am testing out.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #5,905
  • Nov 26, 2008 12:00pm Nov 26, 2008 12:00pm
Quoting sanjur0fla
Why noone took this trade?
Seems like a nice power candle at 9:20AM London time?
Is that becaise you don`t trade 1 hr before and after market opening?
It was a classic 2-candle entry setup with no really price pattern that I can see. Just a steep pullback and bounce off the 21MA. I do struggle with setups like that - I don't know if it will continue downwards after the bounce. I agree with the power candle.

Nothing to do with opening of markets.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #5,906
  • Nov 26, 2008 2:58pm Nov 26, 2008 2:58pm
I struggled all day with entries going sour on me. I had a few profits, but this is the best one from a descending triangle off a pivot point
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  • #5,907
  • Nov 26, 2008 11:58pm Nov 26, 2008 11:58pm
M5/M1 trade for 7pips
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  • #5,908
  • Nov 27, 2008 1:48am Nov 27, 2008 1:48am
Could have done better than 10 pips, even wanted to close order for negative when i saw the development, but patience and CORRECT stop loss paid off (look at that nice support at 50SMA -blue line)!!!
Long trade, btw . My entry was right after this power candle.
.... and then it took off!!!
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  • #5,909
  • Nov 27, 2008 1:53am Nov 27, 2008 1:53am
.
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  • #5,910
  • Nov 27, 2008 2:04am Nov 27, 2008 2:04am
Too bad I am at work and trade demo.
Controlling emotions is also part of the game.

Quoting bshadroo
.
  • #5,911
  • Nov 27, 2008 2:17am Nov 27, 2008 2:17am
I opened up my computer this morning and found a trade in process that pulled in 10 pips. After a cup of coffee I found ten more. What a great way to start off Thanksgiving.
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  • #5,912
  • Nov 27, 2008 2:18am Nov 27, 2008 2:18am
Quoting sanjur0fla
Too bad I am at work and trade demo.
Controlling emotions is also part of the game.
this time 20pips profit
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  • #5,913
  • Nov 27, 2008 2:29am Nov 27, 2008 2:29am
Good for you, congrats!
Quoting bshadroo
this time 20pips profit
  • #5,914
  • Nov 27, 2008 9:04am Nov 27, 2008 9:04am
I took to TC and lost. The support in red represents the approx. the 21 and the 200MA on the 4hr, so it was risky in that respect. Haven't been doing so well lately. Need to do improve
Raymond
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  • #5,915
  • Nov 27, 2008 9:36am Nov 27, 2008 9:36am
Entered this trade based on 3 posible sisters and macd tc. I noticed that the MACD was looking like a double bottom and also it was a bit risky because of all the tails piercing the 50. Price hit my SL -18 pips.
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  • #5,916
  • Nov 27, 2008 9:37am Nov 27, 2008 9:37am
A breakout trade I took for 20pips on Cable. I didn't wait for the pullback - just liek the setup and entered on the breakout.
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #5,917
  • Nov 27, 2008 9:45am Nov 27, 2008 9:45am
Info
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #5,918
  • Nov 27, 2008 9:59am Nov 27, 2008 9:59am
Quoting Morelands
I took to TC and lost. The support in red represents the approx. the 21 and the 200MA on the 4hr, so it was risky in that respect. Haven't been doing so well lately. Need to do improve
Raymond
Hi Ray

I was watching the setup but didn't enter - just didn't like the rhythm, the candles were too big.

See my comments on the chart - be careful and don't forget to look at the speed of the market
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #5,919
  • Nov 27, 2008 10:06am Nov 27, 2008 10:06am
Quoting MxPips
Entered this trade based on 3 posible sisters and macd tc. I noticed that the MACD was looking like a double bottom and also it was a bit risky because of all the tails piercing the 50. Price hit my SL -18 pips.
Hi Mx

Wellcome back - long time no see.

See my comments on your chart as well.
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #5,920
  • Nov 27, 2008 10:24am Nov 27, 2008 10:24am
Quoting sentaco
Hello
Thanks for this great system its works very well for me

Regards
sentaco
Wellcome and enjoy it. Please feel free to post some of your trades so that we can have a look at your reasoning.
Willem Forex recipe for success = Patience, discipline & hard work.
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