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5Min Intraday System

  • #7,261
  • Nov 30, 2010 4:48am Nov 30, 2010 4:48am
The logic is a basic trend-follow trading. Use of MA's in this is very typical, but the whole thing is nicely, simply explained.

I would say this works very good even on higher TF's, not just 5M. Anyone can earn good profit steadily with this system for sure.
A successful trading depends on knowing what to analyze.
  • #7,262
  • Nov 30, 2010 9:50am Nov 30, 2010 9:50am
Quoting Pipdealer
The logic is a basic trend-follow trading. Use of MA's in this is very typical, but the whole thing is nicely, simply explained.

I would say this works very good even on higher TF's, not just 5M. Anyone can earn good profit steadily with this system for sure.
Yes, I do agree with you.

Great system for trending market conditions where there are several pullbacks with losts of pips to be made. The trick is to identify those conditions

or

taking the first or second pullback during a small intra-day move for 10-15pips. Be careful because after the second/third pullback in such a move you will find a lower high (uptrend) or a higher low (down trend) and the market tends to turn around. This senario can be found more common than the first one (trending conditions which is great for this system). That is why people struggle with this system - trying to trade the small intra-day move with entries too late in the move (usually their entires are against resistance (buy) or support (sell).

Remember - don't try and sell just above support or buy just below resistance.

That is why it is very convient for me to trade this system as well as Dave's (Vantage's higher low, lower high) system. Both systems compliment each other very nicely.

Enjoy the trading
Willem Forex recipe for success = Patience, discipline & hard work.
  • #7,263
  • Nov 30, 2010 2:48pm Nov 30, 2010 2:48pm
I love trading FX, but it stresses me out. Even using logic made more stressful.

Logic answers all questions.

NOT in FX, so I began scalping ......
  • #7,264
  • Edited 2:08am Dec 1, 2010 1:57am | Edited 2:08am
Quoting mike999
I love trading FX, but it stresses me out. Even using logic made more stressful.

Logic answers all questions.

NOT in FX, so I began scalping ......
Just to share some important thought with you and all other members (some of the inforamtion I sent via a pm to a fellow member):

There are certain issues to take acknowledge in forex trading - juts accept it and move on:

1. Nothing is for sure in forex trading - markets are NOT predicatable, you can only act on probability

2. Nothing come easy in forex trading - you need to work hard to make a success in forex trading

3. There is no Holy Grail (the perfect system) - it is all about personal style and commitment. Accept the losses as part of the trading

4. You don't move the market - so go with it

Enjoy the trading
Willem Forex recipe for success = Patience, discipline & hard work.
  • #7,265
  • Dec 1, 2010 8:04am Dec 1, 2010 8:04am
Just an practical example of what I mean by:

Don't buy against resistance

and

Buy on dip when support was found

I hope it makes sense and helps somebody
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #7,266
  • Dec 2, 2010 11:05am Dec 2, 2010 11:05am
Quoting Golfer
Just an practical example of what I mean by:

Don't buy against resistance

and

Buy on dip when support was found

I hope it makes sense and helps somebody
How about this golfer:

See rectangle as the previous resistance. 50sma angle is quite good even though it is less than 20degree. I use sup/res indi (see dotted reds/blues) which is helpful to me so far.
Attached Image (click to enlarge)
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  • #7,267
  • Edited 4:08am Dec 3, 2010 3:33am | Edited 4:08am
Quoting orangeRANGE
How about this golfer:

See rectangle as the previous resistance. 50sma angle is quite good even though it is less than 20degree. I use sup/res indi (see dotted reds/blues) which is helpful to me so far.
Hi O

Yes, I saw some forex traders are using that indicator on another forum where I am also a member. Very helpful if one struggles to understand the concept of swing highs and lows as well as support and resistance levels. I would recommend it to newbies to get a feel for it. Also, when there are a few short lines almost on the same level - that level becomes more significant.

However, I do find that once you do get use to look to the left on your chart to see what price has done in the past, the indicator is not really necessary. Personally I would draw my own lines - just because that indicator makes my charts too busy/too many lines.

I hope it makes sense to our fellow members and helps some of the traders.

Thanks for that.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #7,268
  • Dec 7, 2010 11:10am Dec 7, 2010 11:10am
hello，professional guys

does the ADX indicator necessary? i did not see you used it before ???
A chart helps those who can read it.
  • #7,269
  • Dec 7, 2010 11:13am Dec 7, 2010 11:13am
i am sorry to ask. eurusd. gbpusd ujyusd eurjpy ,only these four pairs ??

thank you
A chart helps those who can read it.
  • #7,270
  • Dec 8, 2010 10:21pm Dec 8, 2010 10:21pm
awesome trend
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 59 KB
KEEP IT SIMPLE PIPPING
  • #7,271
  • Dec 9, 2010 11:54pm Dec 9, 2010 11:54pm
Quoting geniusztc
hello，professional guys

does the ADX indicator necessary? i did not see you used it before ???
Hi G

Please read the last few pages of this thread and you'll get my opinion about adding indicators to this system. They are all lagging.

Enjoy the trading
Willem Forex recipe for success = Patience, discipline & hard work.
  • #7,272
  • Dec 9, 2010 11:55pm Dec 9, 2010 11:55pm
Quoting geniusztc
i am sorry to ask. eurusd. gbpusd ujyusd eurjpy ,only these four pairs ??

thank you
I only trade 3 pairs - info also posted a few pages back
Willem Forex recipe for success = Patience, discipline & hard work.
  • #7,273
  • Dec 10, 2010 12:00am Dec 10, 2010 12:00am
Quoting jvh2811
awesome trend
Hi J

I don't really agree with you but it is just my opinion. If you are telling me a great intra-day move downward, I'll agree.

Now for the next step - where are the high probability setups looking at price action?

Go for it.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #7,274
  • Dec 10, 2010 12:17am Dec 10, 2010 12:17am
Quoting Golfer
I only trade 3 pairs - info also posted a few pages back
got it thank you

EURUSD (EURO), GBPUSD (Cable), and EURJPY (EY)
A chart helps those who can read it.
  • #7,275
  • Dec 10, 2010 3:35am Dec 10, 2010 3:35am
Before the New Year will be available for all robot system PN. With plenty of options.
Wait. With greetings from Russia in St. Petersburg.
  • #7,276
  • Dec 10, 2010 3:44am Dec 10, 2010 3:44am
Quoting dpg03
before the new year will be available for all robot system pn. With plenty of options.
Wait. With greetings from russia in st. Petersburg.
Робот будет размещен здесь и будет бесплатным?
  • #7,277
  • Dec 10, 2010 6:36am Dec 10, 2010 6:36am
Quoting MidnightRun
Робот будет размещен здесь и будет бесплатным?
OK
  • #7,278
  • Dec 11, 2010 11:59pm Dec 11, 2010 11:59pm
Quoting MidnightRun
Робот будет размещен здесь и будет бесплатным?
I did request members before and I am going to repeat myself:

Please use only English when you are posting information or messages on this forum. Otherwise use the personal message (pm) system with you want to communicate in any other language.

Thank you
Willem Forex recipe for success = Patience, discipline & hard work.
  • #7,279
  • Dec 12, 2010 3:32am Dec 12, 2010 3:32am
Hi group,

i was searching for a good and simple system to use and found this thread. i red all the important infos about philips system and it looked very interesting for me. i will integrate it in mt4 and want to try it out live this evening with eur/usd.

So here is the question: i want to use his original system as it is posted here. is this still working? anybody here who is using it until today?

thanks in advance and as a newbie in this forum i hope you can help me to trade effective.

Mike
What you deserve is what you get
  • #7,280
  • Dec 12, 2010 11:37am Dec 12, 2010 11:37am
The concept behind this strategy works. I assure you. It is a trend-follow trading, entering at a small retracement so that your entry would be more effective and bring more profit.

The main thing you want to focus is the angle of the trend. In this system it is SMA 50. As long as the slope shows a strong trend, you can use this system safely.

I think this is more promising when you find the initial move of a trend. If you try to enter near the end of the trend, you may be in trouble, but set the SL as it suggested to minimize the loss. I use higher TF to check and see how long a trend might last.

Good lucky with your trade!
A successful trading depends on knowing what to analyze.
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