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Forex intraday using the 5min chart: EURUSD 108 replies

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5Min Intraday System

  • #6,781
  • Jul 8, 2009 7:41am Jul 8, 2009 7:41am
3 trades(a buy and 2 sells) ,nice system and good mkt condition ,i dont know why this thread is so quiet!!!
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  • #6,782
  • Jul 9, 2009 10:40am Jul 9, 2009 10:40am
this shows how i am waiting
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  • #6,783
  • Jul 9, 2009 1:55pm Jul 9, 2009 1:55pm
Hello everyone !

Breakdown trend line on USDJPY.

- SL at the beginning of this trade quite big but after rich +8 pips I move to entry point
- close half @ +12 pips - rest @ BE

maybe next time rest will be more profitable
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  • #6,784
  • Jul 9, 2009 2:58pm Jul 9, 2009 2:58pm
Quoting ARtuRO
Hello everyone !

Breakdown trend line on USDJPY.

- SL at the beginning of this trade quite big but after rich +8 pips I move to entry point
- close half @ +12 pips - rest @ BE

maybe next time rest will be more profitable
good, i took the same trade with almost same result
  • #6,785
  • Jul 9, 2009 3:32pm Jul 9, 2009 3:32pm
Quoting ARtuRO
Hello everyone !

Breakdown trend line on USDJPY.

- SL at the beginning of this trade quite big but after rich +8 pips I move to entry point
- close half @ +12 pips - rest @ BE

maybe next time rest will be more profitable
Hi Art

Well done and don't worry about pips left on the table.

Also - look at how support is turning into resistance. I saw you have a line drawn there. Nice.

Pips left on the table - I am pratising trading the price actions as well as Phillip's principles. Just using indicators to confirm my entries. Since July 1 I've just about double my practice live account and the maximum profit per trade was for about 20pips I think. Maximum loss was about 30pips. Today my %positive trades was about 91%.

Keep it up.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,786
  • Jul 9, 2009 3:38pm Jul 9, 2009 3:38pm
The results of my last day or two using price actions, this system's principles and some of Phillip's other systems.

Just to show you you don't need to catch all the big moves. Just discipline and concentration.
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,787
  • Jul 10, 2009 8:47am Jul 10, 2009 8:47am
-20pips
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  • #6,788
  • Jul 10, 2009 2:45pm Jul 10, 2009 2:45pm
Quoting Golfer
Hi Art

Well done and don't worry about pips left on the table.

Also - look at how support is turning into resistance. I saw you have a line drawn there. Nice.

Pips left on the table - I am pratising trading the price actions as well as Phillip's principles. Just using indicators to confirm my entries. Since July 1 I've just about double my practice live account and the maximum profit per trade was for about 20pips I think. Maximum loss was about 30pips. Today my %positive trades was about 91%.

Keep it up.
91% grade result !
I still fight with my style of trading, but I believe that in near future I came close to your 91 percent

After some lose on 4h I come back to this system. 5minutes
guaranty small lose but in many case big profits.
Good solutions is division amount of trade - half on standard 10-15 pips profit - rest free run (like bshadroo do) , I now tasting it in my entry.
  • #6,789
  • Edited 3:19pm Jul 10, 2009 3:02pm | Edited 3:19pm
sell on EURUSD (not UY)
reasons :

1. support change to resistance
2. 3 lover highs
3. shooting star to s/r level
4. TC on MACD

After few candle when price didn't go down I move SL to entry point - afterwords too fast

+0 pips
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  • #6,790
  • Jul 13, 2009 6:57am Jul 13, 2009 6:57am
.
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  • #6,791
  • Jul 13, 2009 10:35am Jul 13, 2009 10:35am
.
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  • #6,792
  • Jul 13, 2009 10:43am Jul 13, 2009 10:43am
Hello all...

For a reason, once we have the same Captain, but since HE will never come back to FF and is now probably somewhere outside there watching our progress, I decided make to my own "BOAT" but I still sailing the wave of the market based on HIS teaching.

I just hope to see you guys here:-
http://www.forexfactory.com/showpost...38&postcount=1

C ya' all again...
  • #6,793
  • Jul 13, 2009 12:03pm Jul 13, 2009 12:03pm
Quoting bshadroo
.
Have you adpated any rules for trendline breakouts with this method. It seems often just using the MAs and candle patterns works very well but the trendlines would give further confirmation. Is it trendline bounces in conjunction with the MAs or just breakouts?
  • #6,794
  • Jul 13, 2009 1:55pm Jul 13, 2009 1:55pm
Quoting bshadroo
.
I also take this trade, unfortunately in worst result
-12 pips
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  • #6,795
  • Jul 14, 2009 1:52am Jul 14, 2009 1:52am
Hello everyone,

I have been a long time follower of the 4H MACD system and I still am. I am now slowly getting myself introduced to the 5Min system which has the same principles and having the 4H embedded in my thought process, the 5 min has the same principles but with quicker profits and more opportunities for trades. I recognize few of the names here as I have seen them on the 4H forum as well.

i was setting up the SMA indicator and i do not know how to overlay the 21EMA on the Metatrader, I open up the SMA but all I get is the green bars and i was wondering if someone can tell me how i can set that up.

Regards

aidin
Keeping Life Simple
  • #6,796
  • Jul 14, 2009 6:20am Jul 14, 2009 6:20am
Quoting time1300
Hello everyone,

I have been a long time follower of the 4H MACD system and I still am. I am now slowly getting myself introduced to the 5Min system which has the same principles and having the 4H embedded in my thought process, the 5 min has the same principles but with quicker profits and more opportunities for trades. I recognize few of the names here as I have seen them on the 4H forum as well.

i was setting up the SMA indicator and i do not know how to overlay the 21EMA on the Metatrader, I open up the SMA but all I get is the green bars...
hi
welcome,u can find indicators and template in the first page
  • #6,797
  • Jul 14, 2009 9:48am Jul 14, 2009 9:48am
Today's failed trade on USDCAD - just looking for some insight. The angles are fine but I guess the 1st entry into the 21 and 10EMA was muddled up with the 50. The last retrace looked like it was holding out though until the 2 green candles.
http://www.sidekicker.net/SB/FX/5min_USDCAD.jpg
http://www.sidekicjer.net/SB/FX/5min_USDCAD.jpg
  • #6,798
  • Jul 14, 2009 10:18am Jul 14, 2009 10:18am
Quoting SanMiguel
Today's failed trade on USDCAD - just looking for some insight. The angles are fine but I guess the 1st entry into the 21 and 10EMA was muddled up with the 50. The last retrace looked like it was holding out though until the 2 green candles.
http://www.sidekicker.net/SB/FX/5min_USDCAD.jpg
http://www.sidekicjer.net/SB/FX/5min_USDCAD.jpg
I am not familiar with this pair but just a few comments - just ignore the two dark purple indicators.

I don't really like activities on the wrong side on the 21

Always look to your left for additional signals - the candles will give some indication of support/resistance levels as well as price patterns.
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,799
  • Jul 14, 2009 11:31am Jul 14, 2009 11:31am
I have downloaded the indicators but when I upload the SMA angle indicator I am only getting green bars, how could I overlay the red line on there?

And do you guys know why i lose some of my charts on the metatrader when i download new indicators and when i restart it, it seems to go away and i have to make the charts again, why does it do that
Keeping Life Simple
  • #6,800
  • Jul 14, 2009 3:11pm Jul 14, 2009 3:11pm
Quoting Golfer
I am not familiar with this pair but just a few comments - just ignore the two dark purple indicators.

I don't really like activities on the wrong side on the 21

Always look to your left for additional signals - the candles will give some indication of support/resistance levels as well as price patterns.
Today I didn't see any opportunity to trade on main pairs so I look to USDCAD and take one - little risky because price turn back above 21.
Positive signal to trade - power candle, support on M1 and breakdown TL very clear on 5min and 15 min

+20 pips
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