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5Min Intraday System

  • #6,561
  • Mar 24, 2009 5:25am Mar 24, 2009 5:25am
Quoting bshadroo
no,my entry was on the pullback (next candle after signal candle) so i was not even in 1pip profit after entry .
bs, what's your signal candle was?
if counting from the end on the first chart...
  • #6,562
  • Mar 24, 2009 5:55am Mar 24, 2009 5:55am
I can't find a template for this sytem!
Fay All Time Return: -98.7%
  • #6,563
  • Mar 24, 2009 6:50am Mar 24, 2009 6:50am
Quoting ithorror
bs, what's your signal candle was?
if counting from the end on the first chart...
look at the first picture ,i saved this picture few seconds after my entry and the big red candle wich made macd red is my signal candle
  • #6,564
  • Mar 24, 2009 9:17am Mar 24, 2009 9:17am
Quoting fayz0r
I can't find a template for this sytem!
Please look at my signature.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,565
  • Mar 24, 2009 11:35am Mar 24, 2009 11:35am
entered when the momentum increased
there were good opportunities today (better than this one that wasn't following the exact plan); i missed them all (i'm at work)
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  • #6,566
  • Mar 25, 2009 4:12am Mar 25, 2009 4:12am
Quoting phn
entered when the momentum increased
there were good opportunities today (better than this one that wasn't following the exact plan); i missed them all (i'm at work)
Nice trade - smooth rounding with a Doji (I would like to see a longer tail testing the 21 - almost a pinbar - would have been perfect) at the top. I see your entry is almost where you should have entered if you traded the Doji as a pinbar. Nothing wrong with that - great one.

After your trade a double bottom was formed - I would be very careful with the next pullback into the war zone.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,567
  • Mar 25, 2009 5:18am Mar 25, 2009 5:18am
Quoting Golfer
Please look at my signature.
well what may be page 341 for you, is not the same for me, as my view options are different then yours, so how about a direct link?
thank you
Fay All Time Return: -98.7%
  • #6,568
  • Mar 25, 2009 5:59am Mar 25, 2009 5:59am
.
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  • #6,569
  • Mar 25, 2009 8:02am Mar 25, 2009 8:02am
.
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  • #6,570
  • Mar 25, 2009 9:15am Mar 25, 2009 9:15am
Quoting fayz0r
well what may be page 341 for you, is not the same for me, as my view options are different then yours, so how about a direct link?
thank you
No problem.

http://www.forexfactory.com/showpost...postcount=5102

Just make sure all the indicators are downloaded as well. They are posted on the post just before the post on this link.

Enjoy.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,571
  • Mar 25, 2009 4:57pm Mar 25, 2009 4:57pm
Break of the Pin. The only opportunity I've seen today on eur/usd but I didn't take it : the S/R zone was to close for my liking - 11 pips of risk for a potential 7-8 pips gain.
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  • #6,572
  • Edited 5:55am Mar 26, 2009 5:39am | Edited 5:55am
Here's a trade for the day. I liked the way the MA's were spreading out. I waited for a pull back into the war zone. Exited with 14 pips. I exited too quickly and should have exited around 41 (previous low)
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  • #6,573
  • Edited 9:00am Mar 26, 2009 7:46am | Edited 9:00am
Same reasons as previous post, but this one was a loss. Just to rub it in, price headed in my direction after my SL was hit
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  • #6,574
  • Mar 26, 2009 9:13am Mar 26, 2009 9:13am
Sorry to be that member to ask for something again but i'm coming in quite late - i noticed a few EAs/indicators but no EA that executes the full system with trades ?

Is there such an EA so i can demo ?

Thx
  • #6,575
  • Mar 26, 2009 9:39am Mar 26, 2009 9:39am
Quoting pipmyride
Sorry to be that member to ask for something again but i'm coming in quite late - i noticed a few EAs/indicators but no EA that executes the full system with trades ?

Is there such an EA so i can demo ?

Thx
No, there isn't EA for the system. The only EA I'm using is the one that manage your trade after a manual entry.

There are too many setups (pullbacks into the war zone) and many of them are not profitable. You need a "human" analysis of the setup to determine the current market rhythm and then make a decision whether to enter or not.

Just my personal opinion.

Sorry, but you need to do it the hard way - see my signature for success (LOL).
Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,576
  • Mar 26, 2009 9:45am Mar 26, 2009 9:45am
Quoting phn
Break of the Pin. The only opportunity I've seen today on eur/usd but I didn't take it : the S/R zone was to close for my liking - 11 pips of risk for a potential 7-8 pips gain.
I agree with you - I also followed the very same setup and didn't enter. A little bit too late in the day for my liking and then there was that lower high.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,577
  • Mar 26, 2009 4:09pm Mar 26, 2009 4:09pm
Willem,
What's your advise on those first moves... when the MA fan?
Raymond
  • #6,578
  • Edited 3:14am Mar 27, 2009 3:01am | Edited 3:14am
Quoting Morelands
Willem,
What's your advise on those first moves... when the MA fan?
Raymond
Hi Ray

That was some of the advice given by Phillip. He made me aware of this phenomenon. I looked at it and I've realised that it happens usually with a breakout. A very nice signal to be on the lookout for.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,579
  • Mar 27, 2009 3:12am Mar 27, 2009 3:12am
Quoting Morelands
Same reasons as previous post, but this one was a loss. Just to rub it in, price headed in my direction after my SL was hit
I am sure this is what you mean - the area in the big pink circle. Do expect a big move - sometimes quick as well.

See my other comments.
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,580
  • Mar 27, 2009 6:42am Mar 27, 2009 6:42am
I saw 3 opportunities this morning. I took the second one which was obvious : clean momentum gain. Earned only 1.1 * risk, that was the plan.
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