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5Min Intraday System

  • #6,361
  • Feb 19, 2009 11:53am Feb 19, 2009 11:53am
Quoting ARtuRO
In last two weeks i find that it was very difficulty to catch good setup to enter and I lost many pips
Anyone has this same problem ?
Yes, very difficult market conditions lately - that is why I don't have any nice charts to post. So I didn't follow the markets the past few days.

Just an example of how difficult it is to trade the markets. Rectangles - too long period of consolidation, momentum is slowing down, it can go either way.

I don't follow this pair but this a typical example where I'll do something else and don't trade.
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,362
  • Feb 19, 2009 12:11pm Feb 19, 2009 12:11pm
There some positive signals but the initial big bullish candles - I don't like them.
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,363
  • Feb 19, 2009 12:18pm Feb 19, 2009 12:18pm
Quoting Golfer
Yes, very difficult market conditions lately - that is why I don't have any nice charts to post. So I didn't follow the markets the past few days.

I don't follow this pair but this a typical example where I'll do something else and don't trade.
Thanks for comment Golfer!
This is good idea to do something else then trade. In this moment I stop trading for safety rest of my capital
I must forget my bad entry on market therefore tomorrow I go for skiing -for several days in my country there is non stop snowfall !
Good luck !
  • #6,364
  • Feb 19, 2009 1:18pm Feb 19, 2009 1:18pm
My 3 little sisters' trade while chatting on Skype - that was why I was absent for a while.

21 not yet in place on SMAangle but for the people following this thread for a while will know - this is where I'll ignore some of my rules.
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,365
  • Feb 19, 2009 1:21pm Feb 19, 2009 1:21pm
Some analysis and expectation on my EY chart
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,366
  • Feb 19, 2009 2:04pm Feb 19, 2009 2:04pm
SIDMOVs - looks to easy and inviting to trade but believe me, not that easy.
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,367
  • Feb 19, 2009 3:27pm Feb 19, 2009 3:27pm
Quoting ARtuRO
What is wrong in this analysis ?
In my opinion this was tingle and breakdown, I hope that prise go up but few minutes later SL was hit
Thanks
1-look at the resistance
2-14 candles between 21 and 10 ,too long pullback
3-this is not M5 breakout after that too long pullback ,switch to M15 to see the right breakout
hope it helps
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  • #6,368
  • Feb 19, 2009 4:44pm Feb 19, 2009 4:44pm
Here is my trade for the day. I opened the trade after the pin bar and closed on the same candle. 3 reasons for the trade: pinbar, 2 supports lines. When I have 3 reasons and I have the time to monitor the trade, I'll close half the position after 10 pips and put the sl at -10 pips. However, I was at work and when I'm at the computer, I'm there for 10 min max, so 10 pips it is. Also notice the sHs. There was possibility going short off the second shoulder/ evening star. Later
Raymond
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  • #6,369
  • Feb 19, 2009 11:58pm Feb 19, 2009 11:58pm
Quoting Morelands
Here is my trade for the day. I opened the trade after the pin bar and closed on the same candle. 3 reasons for the trade: pinbar, 2 supports lines. When I have 3 reasons and I have the time to monitor the trade, I'll close half the position after 10 pips and put the sl at -10 pips. However, I was at work and when I'm at the computer, I'm there for 10 min max, so 10 pips it is. Also notice the sHs. There was possibility going short off the second shoulder/ evening star. Later
Raymond
Hi ray

Great analysis and then there was the 3 little sisters after the SHS. Note the lower low after sister 2 - nice signal. If it was a higher low I would have been more careful.

I traded them on the EY but it looks like they were better formed on the EUR. See my comments on your chart.
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,370
  • Feb 23, 2009 7:58am Feb 23, 2009 7:58am
tail/pinbar trade:
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  • #6,371
  • Feb 23, 2009 4:02pm Feb 23, 2009 4:02pm
Here is my trade for the day. I liked to 2 tails up to and slightly past the trendline. I entered on the down arrow and got out on the up arrow. Unfortunately, I had to leave the office before I made any real pips and closed the trade early. I feel ok about that though. At this point in my trading it is more about being correct than making lots of $
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  • #6,372
  • Feb 24, 2009 7:20am Feb 24, 2009 7:20am
There are several folks here who are also familiar with the 4hr strategy but my not have visited that thread in while so here's some additional information:

Took a few days off to do some 'stuff'....

There is a new pdf on the website called Plan 415. Visit the website and click on the Plan 415 link. This is a method that encompasses the 4hr, 1hr, and 5min entries. But, before attempting to trade the lower timeframes you must understand what the 4hr charts are telling you. The pdf is useless unless you know how to read the 4hr charts so spend a lot of time there. I posted before that I was with the 4hr charts for a good year before looking at the lower timeframes. If you are new to the 4hr method please put this aside for now. The gap indicators, rsi, and adx bar indicators are on the same page. The pdf goes into how the gaps are interpreted along with the rsi and adx bars.

There is no thread for this combined strategy and there is no way that I can start one, add posts, or make suggestions because I have no extra time with the other obligations that I have elsewhere. Please post no questions in this thread about this combined method. It would really confuse the hell out of new faces that are showing up here. You're free to start a thread on your own so good luck if you choose to go that route.

Cheers
  • #6,373
  • Feb 24, 2009 8:40am Feb 24, 2009 8:40am
10pips
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  • #6,374
  • Feb 24, 2009 9:38am Feb 24, 2009 9:38am
Quoting Palmer
There are several folks here who are also familiar with the 4hr strategy but my not have visited that thread in while so here's some additional information:

Took a few days off to do some 'stuff'....

There is a new pdf on the website called Plan 415. Visit the website and click on the Plan 415 link. This is a method that encompasses the 4hr, 1hr, and 5min entries. But, before attempting to trade the lower timeframes you must understand what the 4hr charts are telling you. The pdf is useless unless you know how to read the 4hr charts so...
unfortunetly i cannot enter ur site,my explorer doesnt open it
  • #6,375
  • Feb 24, 2009 12:37pm Feb 24, 2009 12:37pm
.
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  • #6,376
  • Feb 24, 2009 1:41pm Feb 24, 2009 1:41pm
next
hope u see this saka
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  • #6,377
  • Feb 24, 2009 5:02pm Feb 24, 2009 5:02pm
bsh:

I haven't heard from saka in a while. He was having trouble with accessing the site some time ago as well. But, my thinking that the Chinese gvt might be blocking certain sites. I asked him to try a different browser but it was still blocked.
  • #6,378
  • Feb 24, 2009 9:13pm Feb 24, 2009 9:13pm
Quoting bshadroo
.
it was a great entry bshadroo, could you elaborate on it please.
  • #6,379
  • Feb 24, 2009 11:38pm Feb 24, 2009 11:38pm
Quoting Palmer
There are several folks here who are also familiar with the 4hr strategy but my not have visited that thread in while so here's some additional information:

Took a few days off to do some 'stuff'....

There is a new pdf on the website called Plan 415. Visit the website and click on the Plan 415 link. This is a method that encompasses the 4hr, 1hr, and 5min entries. But, before attempting to trade the lower timeframes you must understand what the 4hr charts are telling you. The pdf is useless unless you know how to read the 4hr charts so...
Hi Palmer

Thanks for the info and all the hard work. I hope it will assist people not to take setups and enter trades during the SIDMOVs (small intra-day movements).

I didn't have time look/digest the pdf document - will do it once I do have the time. Just too busy with my full time job, my students and my own studies.

Enjoy it!!!!!
Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,380
  • Feb 25, 2009 7:28am Feb 25, 2009 7:28am
Quoting judith
it was a great entry bshadroo, could you elaborate on it please.
just ignore the first buy ,it was not according this system and look at the explanation about the second buy
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