Great 5M pullback system

I caught 20 pips on E/Y today. I came in late.
I also missed lots of opportunities yesterday as I did not trade due to work. The E/Y has dropped more than 700 pips in just 3-days...., wow!

This system i nice goodman yourself snusnufreak Omg it just gave me additional 60 pips On E/U and E/Y. Its such a fun.

Wow .....!!

My first 100 pips made with this system in one shot (Live trading).
Let's keep it rolling.

[quote
I also have 15M stoch on my 5M chart which sometimes helps me to filter out fake pullbacks. I want 5M and 15M stochs to align in one direction when I’m entering the trade.
quote]

How about if all stoch agree but macd in 15m is different.?

What a day! EJ alone made 900 pips!

First trade made 100 pips following the rules. Set TP to the last lowest price support (on my chart).
Good job on this strategy!

It's still going south ( another 50 pips as of this post ) , but I got out at a good price support and am happy as a lark!

Until next setup...

Good job, mate!

Don't be too frightened though! Emotions should be left behind when we deal with trading.

Stick to your rules and you'll do great!
I'm really liking to see how the system works for you!

Regards,
snu

This week has been amazing!

You can't get much stronger of a trend to trade
BUT what's great about this system, well
one thing that is great for sure...is that you can
back test it and see more normal weeks and
also ranging periods, there is still plenty of profit
to be had with this setup.

Very nice setup!

Thanks snusnufreak

From one snu snu freak to another..LOL
Brian

Sorry guys, couldn't post right away!

Here's EU set-up I closed for 35 pips at previous high. Might go higher, but I'm glad with what I've got!

EU ended up moving higher.

But wasn't that a risky entry? 50 JUST BARELY had crossed over 200. I was watching it, but opted to wait for a pull back.

eurchf is priming for a long!

Well, it was. Beginning of new trend (when 50 goes above 200) is often like that, unless we have big impulse move. But anyways, MACD was above zero, thats all that mattered to me plus fib retracement lvl worked out perfectly.

Nice 30 pips on cable just minute ago.

Thanks snu for sharing this great package!

I'm wondering outloud if there is a possibility for a combination indicator (say a blue bar at the bottom of the chart) when all the objective long trade criteria are met:
A. MACD > 0
B. 5M bar is above 50 EMA, and
C. 50 EMA > 200 EMA

so you could see this at a glance once the alert goes off for the 5M stoch crossing the 50 level, checking the 15M stoch visually (Perhaps the combo indicator could simply be 5M bars showing as blue price bars). And vice versa red bars for the short trade criteria.

It seems to me this would make it more feasible to keep track of more pairs simultaneously for trade opportunities. Any coding wizards?

Hi People!
I'm entering EUR.

We got crazy news announcements starting soon. Be careful.

I think I'm going to be done for the day. I got my daily goal and am happy with that. As they say, "Cheaper to keep her than leave her".. and that's just what I'm gonna do with my gain today

12% gain today. Better than any bank will do

Here is a nice indi which works kind of like zig-zag.

My parrameters are 8 13 and 34. Find them work good for identifying 5M swings.

Here's the pic.

Update: It repaints though, so be careful.

Regards,
snu.

Thanks snusnufreak. Your system seems to be very accurate. Ive used many strategies but this one is making crazy amount of pips. Stay tuned.

Hello, traders!

From now on I will post here only EU setups.

I encourage others to post here EU and GU setups only so the thread doesn't get clogged up with some fancy pairs. This way it will be easier for everybody as we will be looking at the same stuff and analize market together.

As I already mentioned, If you don't miss any opportunities, one or two pair is more than enough. I personally chose one pair since I want to master the system to the point where I don't miss any trades at all, then I'll consider adding another pair.

There were very good possibilities on both GU and EU this morning. I hope everybody managed to get those pips.

Made 70 pips. Enough for today.