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Effective 5M intraday trading

  • #81
  • May 31, 2010 12:46am May 31, 2010 12:46am
nice snu...the eurusd is quite bearish...price is playing around 1.2300-1.2325
  • #82
  • May 31, 2010 12:59am May 31, 2010 12:59am
EP 1.2300
SL 1.2315
TP 1.2240

Regards,

snu.
Attached Image (click to enlarge)
Click to Enlarge Name: eu - 1 .gif Size: 29 KB
  • #83
  • May 31, 2010 2:36am May 31, 2010 2:36am
Market closed me @ BE.

Not much going on today with all that Bank holidays!

Regards,

snu.
  • #84
  • May 31, 2010 2:52am May 31, 2010 2:52am
Looks like a potential pullback re-entry setup is forming.

But I'm skipping it for two reasons:

1. Timing
2. Bank Holidays.

Regards,

snu.
Attached Image (click to enlarge)
Click to Enlarge Name: eu - 1 .gif Size: 29 KB
  • #85
  • May 31, 2010 4:41am May 31, 2010 4:41am
i took eazy +20 here
and im think that im done for tooday - nowhing happend ,Bank Holidays and its last day of a month ;]

ps snusnufreak i toold you twice why when you move ls to be you do not close half? or 1/3? you would be now something on + instead of only be
best regards!
Attached Image
  • #86
  • May 31, 2010 6:05am May 31, 2010 6:05am
Quoting bbolss
i took eazy +20 here
and im think that im done for tooday - nowhing happend ,Bank Holidays and its last day of a month ;]

ps snusnufreak i toold you twice why when you move ls to be you do not close half? or 1/3? you would be now something on + instead of only be
best regards!
Hi. bbolss! Nice trade!

I wanna grow my acc a bit, so I can use 2 lots, then I'll do exactly what you're talking about.

Thx!
  • #87
  • May 31, 2010 6:55am May 31, 2010 6:55am
Quoting snusnufreak
Hi. bbolss! Nice trade!

I wanna grow my acc a bit, so I can use 2 lots, then I'll do exactly what you're talking about.

Thx!
but who sayed that it must be wholee 2 lots?
i gues now you trade 1 lot so if you would close 0,5lot at +20 when you probably moved sl to be you would have +100$ right? better then nothing
  • #88
  • May 31, 2010 8:33am May 31, 2010 8:33am
I believe that trading 5 minutes at betonmarkets will be better and give better returns.

With 5mins trading of fixed odds, i get better returns than i do in fx. In the trade i state the amount i want to trade and win and in 5 minutes, i have my cash.... no lots... no account size checking.... only place trades and win. Who else have tried it?
  • #89
  • May 31, 2010 9:28am May 31, 2010 9:28am
Hi,

This is a really good thread with real education instead of the usual "holy grail" systems out there which uses "magical" indicators (so they say).
I will be keeping tabs on this thread, and pls keep up the good education!
I will have questions to come, but its getting late in asia! See ya tml!
  • #90
  • May 31, 2010 10:04am May 31, 2010 10:04am
Quoting Destrader
Hi,

This is a really good thread with real education instead of the usual "holy grail" systems out there which uses "magical" indicators (so they say).
I will be keeping tabs on this thread, and pls keep up the good education!
I will have questions to come, but its getting late in asia! See ya tml!
Nice to hear that you're learning something here!
Join in and start posting!

Regards,
snu
  • #91
  • May 31, 2010 12:25pm May 31, 2010 12:25pm
Quoting samoks247
I believe that trading 5 minutes at betonmarkets will be better and give better returns.

With 5mins trading of fixed odds, i get better returns than i do in fx. In the trade i state the amount i want to trade and win and in 5 minutes, i have my cash.... no lots... no account size checking.... only place trades and win. Who else have tried it?
SPAM alert
  • #92
  • Jun 1, 2010 12:36am Jun 1, 2010 12:36am
Good morning all!

Lets start working! EU looks like there was double bottom. Missed it cos just came up to the computer.

Here's the pic.
Attached Image (click to enlarge)
Click to Enlarge Name: eu - 1 .gif Size: 31 KB
  • #93
  • Jun 1, 2010 2:34am Jun 1, 2010 2:34am
I noticed good setup to the upside, but overall market direction is downwards (according to the higher TF). I didn't analize higher TF first thing in the morning to get the idea of an overall bias. If I did that, I would not have missed the entry to the downside.

From now on I will try to post charts of higher TFs first thing every morning.

Using todays example:

15M showed strong downtrend: 20 EMA < 50 EMA and both were sloping down, MACD was below zero. Price retraced to the trend line and Stochastics showed hidden divergence. There was a nice entry around 1.2275

The pictures are attached. 5M chart shows two entry points. One @ 1.2278 - after break of the first trend line. Second one around 1.2255 - after the break of the second trend line.

Regards,

snu.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu - 1 .gif Size: 30 KB
Click to Enlarge Name: eu - 2 .gif Size: 27 KB
  • #94
  • Jun 1, 2010 5:57am Jun 1, 2010 5:57am
Hello! I had some troubles with my previous Acc @ FF, so I registr another one)
Today I already get 20 pp @ EU)
And this my next trade.
EP - 1,2138
SL - 1,2118
TP - 1,2180
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 44 KB
  • #95
  • Jun 1, 2010 6:01am Jun 1, 2010 6:01am
EU long:

H&S on 5M with confirm divergence on 30M

EP 1.2136
SL 1.2115
TP 1.2180

snu.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu - 1 .gif Size: 22 KB
Click to Enlarge Name: eu - 2 .gif Size: 27 KB
  • #96
  • Edited 6:39am Jun 1, 2010 6:16am | Edited 6:39am
Closed half @ +25. Now free trade

Edit: closed second half @ +30, decided not to wait for the target since overall trend is to the downside and this was a retracement move
  • #97
  • Jun 1, 2010 6:37am Jun 1, 2010 6:37am
Quoting snusnufreak
Closed half @ +25. Now free trade
i see that finaly you get round to close half
nice entry bdw
i just get home shame that i was not here earlier ! it was a 160pips move ! wow!
  • #98
  • Jun 1, 2010 8:00am Jun 1, 2010 8:00am
Quoting Let
Hello! I had some troubles with my previous Acc @ FF, so I registr another one)
Today I already get 20 pp @ EU)
And this my next trade.
EP - 1,2138
SL - 1,2118
TP - 1,2180
Hi there,

as mentioned I will be posting some questions. Anyway, I didnt know why u adjusted the slope of the trend line as compared to mine. Pls see the attached picture attachment as i dunno how to attach it via URL. It will be good if you can teach me how to post on url! thanks.

From my graph i would only have entered at 1.2169. Pls tell me if my analysis is wrong. Thank you!
Attached Image (click to enlarge)
Click to Enlarge Name: Trend and divergence EU.jpg Size: 129 KB
  • #99
  • Jun 1, 2010 8:12am Jun 1, 2010 8:12am
Quoting Destrader
Hi there,

as mentioned I will be posting some questions. Anyway, I didnt know why u adjusted the slope of the trend line as compared to mine. Pls see the attached picture attachment as i dunno how to attach it via URL. It will be good if you can teach me how to post on url! thanks.

From my graph i would only have entered at 1.2169. Pls tell me if my analysis is wrong. Thank you!
Destarder, your entry @ 1.2269 is absolutely correct, the entry I made was an early one and was made because I saw H&S model there and entered on the neckline break.

The pic according to your entry is is attached.

When you post pictures, you can attach them by pressing the "Attachments" button and selecting pictures you want to share with us from your PC.
In order to save a pic from MT4, rightclick on a chart and select "Save as picture"

Regards,
snu.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu - 1 .gif Size: 27 KB
Click to Enlarge Name: ??????????.PNG Size: 185 KB
  • #100
  • Jun 1, 2010 8:20am Jun 1, 2010 8:20am
Oops, sorry, didn't notice you wanted to know how to post pics via UR, my bad )). I don't know it myself
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