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  • #461
  • Sep 8, 2009 5:04am Sep 8, 2009 5:04am
9 pips is hella powerfull account is snowballing, i have to resist withdraw temptation
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  • #462
  • Sep 8, 2009 12:56pm Sep 8, 2009 12:56pm
Quoting Tony112
9 pips is hella powerfull account is snowballing, i have to resist withdraw temptation
Missed GU trade at London open, was explosive move up. But pocketed 40 pips on yens price action last night, lets go party!
  • #463
  • Sep 8, 2009 4:41pm Sep 8, 2009 4:41pm
Quoting darkness
Missed GU trade at London open, was explosive move up. But pocketed 40 pips on yens price action last night, lets go party!
Nice ... I rarely did it on the JPY but I guess anything bigger than 8 pips on it would be a nice opportunity... minimal stop-loss of course - The bigger the candle the better. Keep up the good work !
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  • #464
  • Sep 9, 2009 9:15am Sep 9, 2009 9:15am
Is this 8-10pips candle works with M1 timeframe also?
or should i use bigger pips on M1?
  • #465
  • Sep 9, 2009 9:43am Sep 9, 2009 9:43am
Quoting AdamN
Is this 8-10pips candle works with M1 timeframe also?
or should i use bigger pips on M1?
hi, normally m1 is 12 times bigger than 5s... but even if you were looking for a 120 pip M1 candle (12x 10 pip)... it wouldn't make sense... because we are looking for pure instant price action... we are looking for an entry RIGHT AFTER a huge 5 sec candle... (bank entry) with minimal stop-loss this is trading the present... m1 is past
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  • #466
  • Sep 9, 2009 10:07am Sep 9, 2009 10:07am
Which brokers besides Oanda can you recommend with a 5 sec chart ?
Do you know of any MT4 broker with a 5 sec chart ?


Quoting Tony112
hi, normally m1 is 12 times bigger than 5s... but even if you were looking for a 120 pip M1 candle (12x 10 pip)... it wouldn't make sense... because we are looking for pure instant price action... we are looking for an entry RIGHT AFTER a huge 5 sec candle... (bank entry) with minimal stop-loss this is trading the present... m1 is past
  • #467
  • Sep 9, 2009 12:00pm Sep 9, 2009 12:00pm
hi tony i have been looking at your system can you say whether or not your system will work during the japanees and australian open?
  • #468
  • Sep 9, 2009 12:52pm Sep 9, 2009 12:52pm
Quoting globalinvest
Which brokers besides Oanda can you recommend with a 5 sec chart ?
Do you know of any MT4 broker with a 5 sec chart ?

you can download and use ninjatrader for free and they have some different feed options for brokers. I think one of the default ones is Gain. U can make charts most any way you like, based on seconds, minutes or ticks. I have it running and an Oanda demo for charting plus mt4 with longer term outlook.

Happy trading, careful it's addicting
  • #469
  • Sep 9, 2009 1:01pm Sep 9, 2009 1:01pm
Tony, thanks for the time and effort in this thread gave me a new spin or angle on watching price. i have put a lot of time in watching PA both bare and with rainbow all with only mild success. your take on large 5 sec break out brings it all together. i would recommend anyone serious about trading this way read up on Linuxtroll's treads on the rainbow mult-moving avg.s. Together and as always with screen time it can all come full circle making anyone with diligence a better trader.

thanks again helped put a nice feather in my cap.
  • #470
  • Edited 3:00pm Sep 9, 2009 1:13pm | Edited 3:00pm
I dont see how any indicator you'll throw up here will improve the method. the method is simple but patience is required. You see the price explode, you hop on that freight train. Simple as that, no need for any indicator. It's the one of the best things you can possibly learn about trading is pure price action - what is price telling you right now? Then you trade what you see. Do it over and over and over - you'll gain proficiency.

Otherwise for those so keen on indys - i got treat for you. Take a look. Tell me what is price doing?
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  • #471
  • Sep 9, 2009 2:02pm Sep 9, 2009 2:02pm
Quoting darkness
I dont see how any indicator you'll throw up here will improve the method. the method is simple but patience is required. You see the price explode, you hop on that freight train. Simple as that, no need for any indicator.
It's a beautiful thing just stay on your toes, no fun to watch the ride, be ready. 5 sec go quickly.
  • #472
  • Sep 9, 2009 3:01pm Sep 9, 2009 3:01pm
Quoting robp440
It's a beautiful thing just stay on your toes, no fun to watch the ride, be ready. 5 sec go quickly.
You got, brother!

Once again explosive PA on GBPUSD move down last night at London open, captured 35 pips with barely any drawdown. Out of market in few minutes.
  • #473
  • Sep 9, 2009 10:57pm Sep 9, 2009 10:57pm
Quoting globalinvest
Which brokers besides Oanda can you recommend with a 5 sec chart ?
Do you know of any MT4 broker with a 5 sec chart ?

hmm no sorry not very familiar with mt4....but there must be other brokers
Invest in alarm clocks
  • #474
  • Sep 9, 2009 10:58pm Sep 9, 2009 10:58pm
Quoting monies
hi tony i have been looking at your system can you say whether or not your system will work during the japanees and australian open?
I personnaly find the ones mentionned above, weaker in volatility compared to NY and London open which are more explosif
Invest in alarm clocks
  • #475
  • Sep 9, 2009 11:02pm Sep 9, 2009 11:02pm
Quoting robp440
Tony, thanks for the time and effort in this thread gave me a new spin or angle on watching price. i have put a lot of time in watching PA both bare and with rainbow all with only mild success. your take on large 5 sec break out brings it all together. i would recommend anyone serious about trading this way read up on Linuxtroll's treads on the rainbow mult-moving avg.s. Together and as always with screen time it can all come full circle making anyone with diligence a better trader.

thanks again helped put a nice feather in my cap.
I'm happy to contribute in all this... its been months now that my account isnt going down... and I am very happy... i have invested tons of hours in this and finally, we can all reap the harvest of the time spend... after all I dont care sharing this because... when we enter all at the same time... in the same direction of the price, aren't we all pushing the price even further ????... enjoy
Invest in alarm clocks
  • #476
  • Sep 9, 2009 11:07pm Sep 9, 2009 11:07pm
Quoting darkness
I dont see how any indicator you'll throw up here will improve the method. the method is simple but patience is required. You see the price explode, you hop on that freight train. Simple as that, no need for any indicator. It's the one of the best things you can possibly learn about trading is pure price action - what is price telling you right now? Then you trade what you see. Do it over and over and over - you'll gain proficiency.

Otherwise for those so keen on indys - i got treat for you. Take a look. Tell me what is price doing?
You made me laugh my Darkness... . No disrespect to all other traders working on complicated systems which definitely work very well too!!!$$... but I believe the simplest things in life are working the best and are very often the finest.... let's not change a winner formula...
Invest in alarm clocks
  • #477
  • Sep 9, 2009 11:18pm Sep 9, 2009 11:18pm
Quoting Tony112
You made me laugh my Darkness.... No disrespect to all other traders working on complicated systems which definitely work very well too!!!$$... but I believe the simplest things in life are working the best and are very often the finest.... let's not change a winner formula...
Haha, you got it. When i first saw that chart - i was cracking up. Complicated charts = headaches. Simplicity is key and let's certainly not change the winner formula created with your time and effort.
  • #478
  • Sep 10, 2009 2:09am Sep 10, 2009 2:09am
Hi, Never really posted on here, great thread!

Thanks for sharing...Im actually awake watching like a hawk! Anyone else awake watching the GBPUSD and EURUSD?

Oz
  • #479
  • Sep 10, 2009 2:39am Sep 10, 2009 2:39am
Quoting ozzieb88
Hi, Never really posted on here, great thread!

Thanks for sharing...Im actually awake watching like a hawk! Anyone else awake watching the GBPUSD and EURUSD?

Oz
I'm up too, don't worry... nothing spectacular yet... but patience
Invest in alarm clocks
  • #480
  • Sep 10, 2009 2:48am Sep 10, 2009 2:48am
Quoting Tony112
hi, normally m1 is 12 times bigger than 5s... but even if you were looking for a 120 pip M1 candle (12x 10 pip)... it wouldn't make sense... because we are looking for pure instant price action... we are looking for an entry RIGHT AFTER a huge 5 sec candle... (bank entry) with minimal stop-loss this is trading the present... m1 is past
I see, thanks for explaining it tony
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