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5Min Intraday System

  • #6,861
  • Sep 17, 2009 7:48am Sep 17, 2009 7:48am
Here's my trade for the day. I knew before the candle opened that if price pulled back into the war zone, I would take it. Price pulled back in then immed. drop. Closed 80% of the trade after 10 pips, left 20% open but closed it for 6 pips. My second profit was 4700, but closed it early because of all the tails down
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  • #6,862
  • Sep 24, 2009 3:55am Sep 24, 2009 3:55am
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  • #6,863
  • Sep 24, 2009 6:07am Sep 24, 2009 6:07am
-10 pips so far this morning. Went for the bullish 3, with my stop below the 21.
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  • #6,864
  • Sep 25, 2009 11:41am Sep 25, 2009 11:41am
Three little sisters for +10 pips
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  • #6,865
  • Oct 1, 2009 6:54am Oct 1, 2009 6:54am
What happened to this thread and to all the great posters?!

here are my entries from today. There were two nice power bars in the zone. I enter right after the vertical line. I was lucky in the first trade that I didn't jumped in exactly with the bar opening but a couple of pips above. The second trade was a bit risky because the 50MA become flat and also the angle of SMAA wasn't right,but the signal candle was too strong to stay in the sideline.
sl 12pips - closed each for 25pips.
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  • #6,866
  • Oct 1, 2009 7:28am Oct 1, 2009 7:28am
Some still here. I was not awake during your 1st set up and the 50 MA was flat for the second. Glad you made some pips
Raymond


Quoting Pipmaniac
What happened to this thread and to all the great posters?!

here are my entries from today. There were two nice power bars in the zone. I enter right after the vertical line. I was lucky in the first trade that I didn't jumped in exactly with the bar opening but a couple of pips above. The second trade was a bit risky because the 50MA become flat and also the angle of SMAA wasn't right,but the signal candle was too strong to stay in the sideline.
sl 12pips - closed each for 25pips.
  • #6,867
  • Oct 1, 2009 12:37pm Oct 1, 2009 12:37pm
I am still using the principles of this system but I do use other signals as well. That is why I don't really post here anymore. I don't want to confuse the members.

I hope everybody is still enjoying the trading.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,868
  • Oct 6, 2009 1:33am Oct 6, 2009 1:33am
Just had a Skype chat with one of the members and we had a nice few setups today on the EURO. I didn't take them because I don't like to trade at the end of the Asian session going into the London session. Got burned too many times trying to trade those session.

Just to show you one of my favourite signals - resistance turning into support and vica versa.

Enjoy the trading
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,869
  • Oct 6, 2009 9:37pm Oct 6, 2009 9:37pm
I am trying to down load the SMA indicator is in a .ex4 setting. For some reason I can not download anything with that ending. What can I do to get that downloaded? Sorry for such a simple question.
A woman drove me to drink, and I forgot to thank her
  • #6,870
  • Oct 7, 2009 8:12am Oct 7, 2009 8:12am
Quoting Golfer
Just had a Skype chat with one of the members and we had a nice few setups today on the EURO. I didn't take them because I don't like to trade at the end of the Asian session going into the London session. Got burned too many times trying to trade those session.

Just to show you one of my favourite signals - resistance turning into support and vica versa.

Enjoy the trading
Hi,Golfer
What's the chat name? may I join in it?

Best regard
  • #6,871
  • Oct 7, 2009 12:28pm Oct 7, 2009 12:28pm
+13 pips
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  • #6,872
  • Oct 7, 2009 3:20pm Oct 7, 2009 3:20pm
Quoting yuyudada
Hi,Golfer
What's the chat name? may I join in it?

Best regard
Hi Y and other members

It was just a private chat with member with a serious interest in the 5min system. I am just giving advice and evaluating his setup & trades.

I am no longer part of the 5min Skype chat because there were too many private chats between members on that chat. One cannot focus on trades when other members are having private chats.

So I left that chat.

Sorry but some members were more interested in other stuff than the setups of the 5min system. Not my style.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,873
  • Oct 13, 2009 7:30am Oct 13, 2009 7:30am
Here's a trade for the day. Price found support on the 21 and previous resistance turned into support. Entered on the candle with the arrow and exited for 11 pips.
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  • #6,874
  • Oct 15, 2009 5:59am Oct 15, 2009 5:59am
Loss of 6 pips. Reasons for the trade are resistance is now support (red horizontal line) and price in the war zone. I moved my stop up after that bullish candle and it was hit. This one did not sting so badly b/c it was only 6 pips and I did well on a 4 hr trade on the GBP. I think I'm done for the day.
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  • #6,875
  • Oct 17, 2009 6:51am Oct 17, 2009 6:51am
Over the weekends I do review my trades and charts saved. I came across this nice example on Cable which I saved.

During the past few months I've come to recognise the importance of horizontal support and resistance as well as "trend lines". This is just one example thereof.
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,876
  • Oct 17, 2009 7:06am Oct 17, 2009 7:06am
Another example to show the importance of significant price levels (bold pink lines) as well as small trend lines (thin pink lines). Also a few triangles formed with breakout trades.

This trade was done without the MACD.
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,877
  • Oct 17, 2009 7:16am Oct 17, 2009 7:16am
Just another example.
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,878
  • Oct 20, 2009 11:03pm Oct 20, 2009 11:03pm
Another few great setups with price actions at certain levels.

Enjoy.
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,879
  • Oct 20, 2009 11:09pm Oct 20, 2009 11:09pm
This one didn't work out because we were close to the 21MA on the 4h MACD system. Go a few pips out of it.
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #6,880
  • Oct 21, 2009 7:46am Oct 21, 2009 7:46am
It seems to be a good system, can you tell us what program you use to open your files, i cant open with anyone. Thank you
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