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5Min Intraday System

  • #681
  • Mar 23, 2007 3:12am Mar 23, 2007 3:12am
I'm keeping an eye on

gbp usd long

USD JPY Short

Let's see if we can make some pips
  • #682
  • Mar 23, 2007 3:56am Mar 23, 2007 3:56am
Quoting kunz78
I'm keeping an eye on

gbp usd long

USD JPY Short

Let's see if we can make some pips
Hi K78

I do have a buy limit order @ 1.9665 - just triggered. lets see what happens.
TP @ 1.9685 because I cannot watch the market all the time.

Willem
Willem Forex recipe for success = Patience, discipline & hard work.
  • #683
  • Mar 23, 2007 3:59am Mar 23, 2007 3:59am
Quoting kunz78
I'm keeping an eye on

gbp usd long

USD JPY Short

Let's see if we can make some pips
Could have gone in @ 117.95 - missed it.

Willem
Willem Forex recipe for success = Patience, discipline & hard work.
  • #684
  • Mar 23, 2007 4:16am Mar 23, 2007 4:16am
Quoting Golfer
Hi K78

I do have a buy limit order @ 1.9665 - just triggered. lets see what happens.
TP @ 1.9685 because I cannot watch the market all the time.

Willem
15 pips loss - I don't know what is happening because the JPY$ is also going down at a high rate.

Willem
Willem Forex recipe for success = Patience, discipline & hard work.
  • #685
  • Mar 23, 2007 4:27am Mar 23, 2007 4:27am
Also for me 14 pip lost.

But I took 10 pip on the $/jpy

60 pip in just 10 minutes... It was a very big move
  • #686
  • Mar 23, 2007 4:58am Mar 23, 2007 4:58am
would somebody short EURJPY at this level with the 5Min technique despite the already big price decline ?

THx Till
  • #687
  • Mar 23, 2007 5:43am Mar 23, 2007 5:43am
Quoting RemingtonTJ
would somebody short EURJPY at this level with the 5Min technique despite the already big price decline ?

THx Till
Hi Till

Sorry, I am not looking at the EURJPY yet but yes, if it is within my rules I'll take it but make sure you do take your profit early. Don't push your luck.

Willem
Willem Forex recipe for success = Patience, discipline & hard work.
  • #688
  • Mar 23, 2007 5:45am Mar 23, 2007 5:45am
Quoting RemingtonTJ
would somebody short EURJPY at this level with the 5Min technique despite the already big price decline ?

THx Till

Thanks for the great call Remington.

I took 10 pip profit with this trade.

Entered at 156.85 exit at 156.75.
Attached Image
  • #689
  • Mar 23, 2007 5:47am Mar 23, 2007 5:47am
This one on $/jpy

entered at 117.76 exit at 117.66

10 pip profit
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  • #690
  • Mar 23, 2007 5:48am Mar 23, 2007 5:48am
hi kunz76
are you always out for just 10pips ?

Till
  • #691
  • Mar 23, 2007 6:15am Mar 23, 2007 6:15am
Quoting RemingtonTJ
hi kunz76
are you always out for just 10pips ?

Till

Yes... i must improve my money management.
I always leave a lot of pips on the table...
When I will be more confident I'll take a partial profit at 10 pip and set the other lot at BE as Phil suggested at post n° 638
  • #692
  • Mar 23, 2007 9:05am Mar 23, 2007 9:05am
EURU$ very difficult to trade today. An example of a negative trade - just look at the SMAangle bars not below -0.2 (one of my rules). Just to show how important it is to follow your rules.

Willem
Attached Image
Willem Forex recipe for success = Patience, discipline & hard work.
  • #693
  • Mar 23, 2007 9:13am Mar 23, 2007 9:13am
Quoting Golfer
EURU$ very difficult to trade today. An example of a negative trade - just look at the SMAangle bars not below -0.2 (one of my rules). Just to show how important it is to follow your rules.

Willem
That trade at 12:30 if taken after it turned around would have cost me 3pips only. That was the only trade on the E/U for the day so far
  • #694
  • Mar 23, 2007 9:46am Mar 23, 2007 9:46am
Did you notice this GAP on €/$ at 15:00 GMT +1

If I remember this is a strong downward signal
Is that true??
I shorted the €$ and gained 10 pip,
maybe it is just luck
  • #695
  • Mar 23, 2007 9:47am Mar 23, 2007 9:47am
I forgot the attachment.

thanks for a clarification
Attached Image
  • #696
  • Mar 23, 2007 10:33am Mar 23, 2007 10:33am
Quoting Golfer
Hi

Some of us are even in Africa but if it is a practical system - I am in.

Willem
This is to follow up on the post about a live talk session. I didn't mean to leave out our African friends in my time zone talk. Africa is 9-10 time zones away from me on the west coast of USA. So why don't we start with what times would be good for those of you in Africa and Europe, then East coast and then see if we can plan a time during the day to make this work. Use GMT of course to say when the best times would be.
  • #697
  • Mar 23, 2007 10:46am Mar 23, 2007 10:46am
Attached is an MT-4 indicator and chart for TSI (True Strength Index) sent to me by a trader friend of mine, Lynndal Daniels. Looks great on 5m chart. I changed settings to 66/33 and added +/- 2 levels. Tweak the settings and see if it can be improved. Signals the same method as SMA angle. From Trade Station web-site:
"The TSI is a variation of the Relative Strength Indicator. The TSI uses a doubly-smoothed exponential moving average of price momentum to eliminate choppy price changes and spot trend changes.

This indicator is designed to have very little or no time lag.

An increasing True Strength value indicates increasing momentum in the direction of price movement"
Attached Image
Attached File(s)
File Type: mq4 TSI.mq4   3 KB | 922 downloads
  • #698
  • Mar 23, 2007 10:58am Mar 23, 2007 10:58am
I was offline with broadband but manage to do 2 trades on GPRS. That gap down after three sisters was a certainty.
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  • #699
  • Edited 11:27am Mar 23, 2007 11:19am | Edited 11:27am
Quoting Phillip Nel
I was offline with broadband but manage to do 2 trades on GPRS. That gap down after three sisters was a certainty.
Hi Phillip

It was just one of those days - couldn't do anything right, couldn't even see the 3 little sisters. just feel like switching off the PC.

Could you please explain:

1. The GAP trading

2. The attached trade - how would you approah it? Three crosses = three sisters?

The broadband was a country wide issue. I've talked to a friend in Cape Town and his broadband was also down - the same here in Bloem. So I went shopping with the wife.

Willem
Attached Image
Willem Forex recipe for success = Patience, discipline & hard work.
  • #700
  • Mar 23, 2007 11:30am Mar 23, 2007 11:30am
Quoting Golfer
Hi Phillip

It was just one of those days - couldn't do anything right, couldn't even see the 3 little sisters. just feel like switching off the PC.

Could you please explain:

1. The GAP trading

2. The attached trade - how would you approah it?

The broadband was a country wide issue. I've talked to a friend in Cape Town and his broadband was also down - the same here in Bloem. So I went shopping with the wife.

Willem
I dont trade gaps on its own. The 3 sisters put the odds in my favour. I love the 3 sisters on the 5min together wit the zone trading. I just had confidence to enter early. Did not wait for the zone entry signal. The second trade I did and only went for 6 pips.
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