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5-min PASS (Price Action Scalper System)

  • #121
  • Feb 16, 2011 9:50am Feb 16, 2011 9:50am
Wacthing this pair now along with other usd pairs for a possible setup as EMAs are convering and price is chuggin along.
  • #122
  • Feb 16, 2011 9:50am Feb 16, 2011 9:50am
Quoting PurePrice
Thanks Centu.

It would be great if you can trade those hours and report back to the group. I consider those to be the optimum hours. What country are you in??
No prob, lets see what your system does in more volumebased session.
I´m from Frankfurt/Germany.
  • #123
  • Feb 16, 2011 9:52am Feb 16, 2011 9:52am
Here two transactions, and on them have worked two stop, the system gives signals 5050
  • #124
  • Feb 16, 2011 9:52am Feb 16, 2011 9:52am
GBPUSD

possible nice long setup in progress.
Attached Image (click to enlarge)
Click to Enlarge Name: pass_gbpusd5m_1.jpg Size: 247 KB
  • #125
  • Feb 16, 2011 9:52am Feb 16, 2011 9:52am
Quoting Centu
No prob, lets see what your system does in more volumebased session.
I´m from Frankfurt/Germany.

That is perfect Cetus. You are in the perfect time zone so you can trade both EU and London sessions ... I would greatly appreciate your feedback on trades if you take any
  • #126
  • Feb 16, 2011 9:54am Feb 16, 2011 9:54am
Quoting Centu
GBPUSD

possible nice long setup in progress.

We must both have posted at the same time

I am watching this one closely, as this maybe my only chance today to get into a trade and make some pips .. I would be very careful taking long here as the trend has been short .. I would be expecting a bounce down again .. let's see what happens .. I am favouring a short if we ge the crrect setup
  • #127
  • Feb 16, 2011 9:55am Feb 16, 2011 9:55am
EURCHF

could be also a nice 1 for both directions (better short)
Attached Image (click to enlarge)
Click to Enlarge Name: pass_eurchf5m_1.jpg Size: 248 KB
  • #128
  • Feb 16, 2011 10:00am Feb 16, 2011 10:00am
Quoting PurePrice
That is perfect Cetus. You are in the perfect time zone so you can trade both EU and London sessions ... I would greatly appreciate your feedback on trades if you take any
In the middle of the world

I will do.
  • #129
  • Feb 16, 2011 10:03am Feb 16, 2011 10:03am
looks like it is wanting to go up.
  • #130
  • Feb 16, 2011 10:04am Feb 16, 2011 10:04am
Quoting PurePrice
We must both have posted at the same time

I am watching this one closely, as this maybe my only chance today to get into a trade and make some pips .. I would be very careful taking long here as the trend has been short .. I would be expecting a bounce down again .. let's see what happens .. I am favouring a short if we ge the crrect setup
You´re right. Could also be a short trade.
But watch out for the massiv support zone at 1.60.
  • #131
  • Feb 16, 2011 10:05am Feb 16, 2011 10:05am
Quoting Centu
EURCHF

could be also a nice 1 for both directions (better short)

I would favour LONG here, as the trend has been up .
  • #132
  • Feb 16, 2011 10:07am Feb 16, 2011 10:07am
Quoting Centu
You´re right. Could also be a short trade.
But watch out for the massiv support zone at 1.60.

If we get a short, it would around 1.6020, my first tp would 1.6000 and tp2 around the previous swing alow at 1.5980. Lets see what happens. It may surprise me and go full out Long
  • #133
  • Feb 16, 2011 10:07am Feb 16, 2011 10:07am
Quoting Centu
EURCHF

could be also a nice 1 for both directions (better short)
Looks better and better but long. If R1 breaks there is way to go to 1.3130s.
  • #134
  • Feb 16, 2011 10:10am Feb 16, 2011 10:10am
Quoting PurePrice
I would favour LONG here, as the trend has been up .
Yah, just waiting for the fractal.
  • #135
  • Feb 16, 2011 10:10am Feb 16, 2011 10:10am
Quoting Centu
Looks better and better but long. If R1 breaks there is way to go to 1.3130s.

EXACTLY. let's see if the market would show us its hand and then we can play ur card, hopefuly it will play along in our favour
  • #136
  • Feb 16, 2011 10:12am Feb 16, 2011 10:12am
Quoting PurePrice
EXACTLY. let's see if the market would show us its hand and then we can play ur card, hopefuly it will play along in our favour

My spread on this pair is 3 pips and I do not like that may go to usdchf to trade that one instead.
  • #137
  • Feb 16, 2011 10:14am Feb 16, 2011 10:14am
looks like this pair is tanking down for now .
  • #138
  • Feb 16, 2011 10:21am Feb 16, 2011 10:21am
lets see... typical bounce before blast through resistance.
my spread is 2.8 - not the best, but i will give it a try.

entry will be 1.3100 SL 1.3069 with T1 at 1.3131
  • #139
  • Feb 16, 2011 10:21am Feb 16, 2011 10:21am
USD looks like it doesnot know which way to go at this junction, as it is at pivot point in most pairs .. be patient and again let the market tell you where it is going before you jmp in .. DO NOT predict it, just follow it.
  • #140
  • Feb 16, 2011 10:23am Feb 16, 2011 10:23am
Quoting Centu
lets see... typical bounce before blast through resistance.
my spread is 2.8 - not the best, but i will give it a try.

entry will be 1.3100 SL 1.3069 with T1 at 1.3131

Might be going down after all -- cancel your long LOL
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