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5Min Intraday System

  • #701
  • Mar 23, 2007 11:45am Mar 23, 2007 11:45am
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Attached File(s)
File Type: zip 5 Min Strategy.zip   832 KB | 1,583 downloads
  • #702
  • Mar 24, 2007 4:08am Mar 24, 2007 4:08am
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File Type: zip 5 Min Strategy.zip   824 KB | 1,625 downloads
  • #703
  • Mar 24, 2007 4:46am Mar 24, 2007 4:46am
three sisters must be before the cross of ma's ?
  • #704
  • Mar 24, 2007 4:50am Mar 24, 2007 4:50am
Quoting peterdxb
three sisters must be before the cross of ma's ?
Not allways. As long as the third one is formed above the shoulder line(the black line I draw on the chart) it is OK. I will post a few to let you people see it
  • #705
  • Mar 24, 2007 4:55am Mar 24, 2007 4:55am
Thnks, i listned to the mp3, and now its clear to me.

What is the threshold you have set on the smaangle indicator ? is it 22 ?

Quoting Phillip Nel
Not allways. As long as the third one is formed above the shoulder line(the black line I draw on the chart) it is OK. I will post a few to let you people see it
  • #706
  • Mar 24, 2007 5:13am Mar 24, 2007 5:13am
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Attached File(s)
File Type: pdf Three Sisters.pdf   82 KB | 2,417 downloads
  • #707
  • Mar 24, 2007 7:01am Mar 24, 2007 7:01am
Quoting Phillip Nel
Info
Hi Phillip

Tx for the pdf file. I'll keep a look-out for them. Just one question/observation:

Looking at your examples, is it correct to say that it is not necessary for each sister's high to be lower than the previous sister? The high must only be higher than the previous shoulder.

Willem
Willem Forex recipe for success = Patience, discipline & hard work.
  • #708
  • Mar 24, 2007 7:46am Mar 24, 2007 7:46am
Quoting Golfer
Hi Phillip

Tx for the pdf file. I'll keep a look-out for them. Just one question/observation:

Looking at your examples, is it correct to say that it is not necessary for each sister's high to be lower than the previous sister? The high must only be higher than the previous shoulder.

Willem
They dont all look the same. with time you will get a feel for them. They are very powerfull on the GbpUsd. Sometimes it is a tripple top with nice round tops, sometimes the shoulder angle is up while it makes lower highs and sometimes the shoulder line is downwards so there is no definite rule. just study and find them in history.
  • #709
  • Mar 24, 2007 10:46am Mar 24, 2007 10:46am
Hi Phillip.

On your analysis for yesterday, why was there not an entry on the pullback between point 2 and 3 ,(I realise it would of been a loser).

Also if you could please try to explain at what point between the 8 and 21 during the pullback the trade should be entered ,although I'm sure you will have gone over this many times.

Thank you.
  • #710
  • Mar 24, 2007 11:03am Mar 24, 2007 11:03am
Hi Phillip,

thanks a lot for introducing this system! Also the audios and pdf's are very helpful.

I read the whole thread, but still have one question. As you said you trade with a 6 pip SL on Euro and 9 pip SL on USDJPY, how much do you take for the cable and swissy?

Thanks in advance und best regards
Chandsen
  • #711
  • Mar 24, 2007 11:25am Mar 24, 2007 11:25am
Quoting FOURX
Hi Phillip.

On your analysis for yesterday, why was there not an entry on the pullback between point 2 and 3 ,(I realise it would of been a loser).

Also if you could please try to explain at what point between the 8 and 21 during the pullback the trade should be entered ,although I'm sure you will have gone over this many times.

Thank you.
1.After the purple circles the price did not make a lower low for a third time that is why I would not have entered.
2.Entry should be made as close to the 21EMA as possible. When the move is quick halfway between the two is OK while when the move is slow closer to the 21EMA. It means 2-3 pips difference between the two.
  • #712
  • Mar 24, 2007 11:38am Mar 24, 2007 11:38am
Quoting chandsen
Hi Phillip,

thanks a lot for introducing this system! Also the audios and pdf's are very helpful.

I read the whole thread, but still have one question. As you said you trade with a 6 pip SL on Euro and 9 pip SL on USDJPY, how much do you take for the cable and swissy?

Thanks in advance und best regards
Chandsen

On the cable I am looking for 12-13 pips gain. Sl should be the same with brokerage included. On swissie I look for 10 gain with 10 stoploss broker included
  • #713
  • Mar 24, 2007 11:39am Mar 24, 2007 11:39am
Phill,
Quoting peterdxb
What is the threshold you have set on the smaangle indicator ? is it 22 ?
  • #714
  • Mar 24, 2007 11:53am Mar 24, 2007 11:53am
Quoting peterdxb
Phill,

Hi Peter,

As Phil said in an MP3, the exact angle is not so important.
it has to be inclined (not too flat)
However the default setting of the indicator is 0.22.

Hope that it helps
  • #715
  • Mar 24, 2007 12:01pm Mar 24, 2007 12:01pm
Thanks Kunz

Quoting kunz78
Hi Peter,

As Phil said in an MP3, the exact angle is not so important.
it has to be inclined (not too flat)
However the default setting of the indicator is 0.22.

Hope that it helps
  • #716
  • Edited 9:40am Mar 25, 2007 6:06am | Edited 9:40am
Quoting Phillip Nel
Info
Hi Phillip

Tx, excellent explanation of three sisters. I'll look for it and do some back-testing again. Just to say that the first 3 little sisters example was not on (even if the third sister was formed) because the 21MA was in the no-trade zone.

WIllem
Willem Forex recipe for success = Patience, discipline & hard work.
  • #717
  • Mar 25, 2007 10:01am Mar 25, 2007 10:01am
Attached the trade journal I am keeping of all my (demo) trades. I do keep it in Excel format - just paste special in Word format for this post.

Not to bad for my first month using Phillip's 5 min intra-day system (Friday was my worst day - pushed the trades):

  1. 62% positive trades
  2. 29pips profit

Willem

Attached File(s)
File Type: doc Outcome analysis 20070325.doc   84 KB | 979 downloads
Willem Forex recipe for success = Patience, discipline & hard work.
  • #718
  • Mar 25, 2007 10:22am Mar 25, 2007 10:22am
Quoting Phillip Nel
Info
can anyone tell me where the charts are that phillip is talking us through there was an attacment for the eur/usd but then he goes on to look at gbp/us and jpy,

thanks gary
  • #719
  • Mar 25, 2007 10:30am Mar 25, 2007 10:30am
Quoting barney
can anyone tell me where the charts are that phillip is talking us through there was an attacment for the eur/usd but then he goes on to look at gbp/us and jpy,

thanks gary
Hi Gary

Sometimes you need to look at your own chart as Phillip is doing his explanations and follow his directions/time frames on your own charts. Especially when he is doing the daily summary on the 4h MACD thread.

Hope it helps

Willem
Willem Forex recipe for success = Patience, discipline & hard work.
  • #720
  • Mar 25, 2007 10:55am Mar 25, 2007 10:55am
Quoting barney
can anyone tell me where the charts are that phillip is talking us through there was an attacment for the eur/usd but then he goes on to look at gbp/us and jpy,

thanks gary

The charts are not that clear to use them to give to the min entry times. If you open up your chart and follow the Mp3 you should get it.
Thanks
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