5Min Intraday System | Page 338 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Forex intraday using the 5min chart: EURUSD 108 replies

The Force 5min system 3,806 replies

Intraday Pound Trades on 5min chart [GBPUSD] 36 replies

5min Bollinger breakout system 42 replies

Attachments: 5Min Intraday System
Exit Attachments

5Min Intraday System

  • #6,741
  • Jun 15, 2009 12:00am Jun 15, 2009 12:00am
The MACD is the difference between 2EMA's and the CCI is relationship of the price to a moving average. What exactly is the SMAAngle showing?
  • #6,742
  • Jun 15, 2009 1:14am Jun 15, 2009 1:14am
I will now start seeking longs in the gbpusd...

we have great support to the left in the current area....

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 31 KB
  • #6,743
  • Jun 15, 2009 1:42am Jun 15, 2009 1:42am
Will be seeking for a retracement in the eurusd to sell it if price action is still clear in the market...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 31 KB
  • #6,744
  • Jun 15, 2009 5:35am Jun 15, 2009 5:35am
Quoting Shermenator
I will now start seeking longs in the gbpusd...

we have great support to the left in the current area....

Attachment
despite the support I waited for a break of the TL and entered on the pullback to TL and fib, targeting 1.6390 highs
Attached Image
  • #6,745
  • Jun 16, 2009 11:56am Jun 16, 2009 11:56am
2 methods of entry and my favourite signal.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.1.JPG Size: 141 KB
Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,746
  • Jun 16, 2009 3:35pm Jun 16, 2009 3:35pm
Almost the same trade on EURO
Attached Image (click to enlarge)
Click to Enlarge Name: 1.1.JPG Size: 137 KB
Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,747
  • Jun 16, 2009 8:35pm Jun 16, 2009 8:35pm
What pairs does everyone trade now? From what I have noticed, it seems that only one pair only has the right rhythm for the system at a time.

Also, This is a great Price Action tutorial for anyone interested.

http://www.trading-naked.com/library/Law_of_Charts.pdf
  • #6,748
  • Jun 17, 2009 12:30am Jun 17, 2009 12:30am
Quoting ikonone
What pairs does everyone trade now? From what I have noticed, it seems that only one pair only has the right rhythm for the system at a time.

Also, This is a great Price Action tutorial for anyone interested.

http://www.trading-naked.com/library/Law_of_Charts.pdf
I am still trading only my 3 pairs: EURO, Cable and EurJpy as Phillip suggested (stay with 1-2 pairs).

Thanks for the link - it is described by John Ross and he has his own website. I do receive his weekly newletter for some time now. I've studied his patterns before and it is aim at futures trading. I am sure it might work on forex as well but I'll stay with my uncomplicated price patterns.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,749
  • Jun 17, 2009 1:03am Jun 17, 2009 1:03am
Will be looking to sell the eurusd at around 1.3900

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 34 KB
  • #6,750
  • Jun 18, 2009 8:44pm Jun 18, 2009 8:44pm
The first triangle/purple one I won't go into it to far b/c it's not really according to the rules. However, I was not looking for a breakout short b/c on the 4 hr the 21 MA was just below it. However it broke out that way at first which was a false breakout. Once it false one happens it is more likely to break out the other direction and that is the one I took. The second triangle I saw thanks to looking at it multiple times on golfer's posts. When you see one forming try to enter on the opposite end from where you expect for it to break out... near the 8 EMA. It is tough to do because the price is coming down when you place your trade. I thought today was a very hard day to trade, but thursdays are my day. Forgot the chart. It is on the next page
  • #6,751
  • Jun 18, 2009 8:45pm Jun 18, 2009 8:45pm
Here's the trade. You have to enlarge to see the purple triangle. I won't use that color again
Attached Image (click to enlarge)
Click to Enlarge Name: 061809.gif Size: 50 KB
  • #6,752
  • Jun 24, 2009 9:34am Jun 24, 2009 9:34am
trades for yesterday
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 23 KB
Click to Enlarge Name: 2.gif Size: 19 KB
  • #6,753
  • Jun 24, 2009 7:03pm Jun 24, 2009 7:03pm
Good to see you post Bshadroo. It's been a little quiet here
Raymond
  • #6,754
  • Jun 25, 2009 7:54am Jun 25, 2009 7:54am
Here is a trade for the day. It was a further in the overall move but I liked the set up. 2 resistances: 21 MA and the horizontal red line (previous support and now resistance). Only took 14 pips and did not let it run b/c as I said it was late in the move. I entered half way though the signal candle b/c I did not like the spinner preceeding it.
Attached Image (click to enlarge)
Click to Enlarge Name: 062509.gif Size: 46 KB
  • #6,755
  • Jun 26, 2009 8:06pm Jun 26, 2009 8:06pm
Hi golfer,moreland & guys,

What do you if you are winning trade say 5pips then suddenly it starts to go down 4-3-2-1-0?
Are you taking profit 1 pip or BE or let it goes to sl level?

Thanks,

pete
  • #6,756
  • Jun 26, 2009 8:13pm Jun 26, 2009 8:13pm
Quoting bshadroo
trades for yesterday
Hi bshadroo,

In your first chart there were so many possible entry why did you take so late any reason behind?

thanks

pete
  • #6,757
  • Jun 27, 2009 5:25am Jun 27, 2009 5:25am
Quoting pete.alfa
Hi golfer,moreland & guys,

What do you if you are winning trade say 5pips then suddenly it starts to go down 4-3-2-1-0?
Are you taking profit 1 pip or BE or let it goes to sl level?

Thanks,

pete
Hi P

Yes, it is not nice picture to see when the profits are getting less and less. It all depends on where and when it is taking place. If it is a long trade and it is near previous resistance area, I'll exit while price is retracing. I'll also exit if I am in the trade for a long time allready and the price is struggling to move up. Then I know the momentum is loss.

If the retracement is close to previous support, I'll stay in the trade to make sure it is not just a normal retracement before moving up again. So it will all depend on the price actions.

Hope it helps.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,758
  • Jun 27, 2009 10:18am Jun 27, 2009 10:18am
Here is a trade for the day... a triangle supported by the red line and resistance is the 21 MA. I took the price as close to the 21 MA as possible so my SL was small as possible. Price went down to the daily resistance # 1 (although I don't have those resistance areas at work so I took profit before that.) Notice the second arrow. I did not take that one b/c it was later than I trade particularly on a Fri...but what a nice set up. Good to see you pop up golfer.
Raymond
Attached Image (click to enlarge)
Click to Enlarge Name: 062609.gif Size: 50 KB
  • #6,759
  • Jun 28, 2009 8:43am Jun 28, 2009 8:43am
Quoting pete.alfa
Hi bshadroo,

In your first chart there were so many possible entry why did you take so late any reason behind?

thanks

pete
yes, as u see there are at least 4 possible entries before but unfortunetly i was offline on that time ,so i could only take the last one
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 26 KB
  • #6,760
  • Jun 28, 2009 9:10am Jun 28, 2009 9:10am
Quoting Morelands
Here is a trade for the day... a triangle supported by the red line and resistance is the 21 MA. I took the price as close to the 21 MA as possible so my SL was small as possible. Price went down to the daily resistance # 1 (although I don't have those resistance areas at work so I took profit before that.) Notice the second arrow. I did not take that one b/c it was later than I trade particularly on a Fri...but what a nice set up. Good to see you pop up golfer.
Raymond
Yes, Raymond, I am still here and using the principles of this system.

On your chart there was also a 3 little sisters for the taking. The 3rd sister's entry could have been ob the TC or when that small support area was broken. Look specifically for the lower highs and lower lows and here you can see how it stays in place.

Yes, your trade was a nice triangle breakout. As it was the 4th sister already, I also would have taken 10 to15pips profit and I wouldn't let my profit run.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.1.JPG Size: 147 KB
Willem Forex recipe for success = Patience, discipline & hard work.
4 traders viewing now