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5-min PASS (Price Action Scalper System)

  • #161
  • Feb 16, 2011 8:50am Feb 16, 2011 8:50am
Quoting PurePrice
at 1.6055

10+ pips profit now and SL is moved to BE, as it is getting whippy .. my TP is at 1.6095 as I expect GBPUSD to now catch up to the eurusd move
  • #162
  • Feb 16, 2011 9:00am Feb 16, 2011 9:00am
Quoting Brapp
I like what I see about your system -- simple to see and manage. I understand that having all the EMAs come to a point it ideal, but when they are not all together, how far apart is too far apart to invalidate the setup? The EMAs on the EURUSD and USDCHF just now were not all that close, and I hesitated.

Normally I want the EMAs to be with a couple of pips of each other when setting up.

The EMAs are part of the setup not the trigger. As you pull the trigger, you actually want the EMAs to be "fanned" or "coned" out if you would.

Your trigger is based on price action breaking previous minor support resistance levels represented by Fractals.

I hope that is clear now.
  • #163
  • Feb 16, 2011 9:04am Feb 16, 2011 9:04am
Quoting PurePrice
10+ pips profit now and SL is moved to BE, as it is getting whippy .. my TP is at 1.6095 as I expect GBPUSD to now catch up to the eurusd move

TP1 hit with +20 pips .. SL at BE
  • #164
  • Feb 16, 2011 9:07am Feb 16, 2011 9:07am
Quoting PurePrice
I think there is still some life into the swissies (the will push the button again) ... may go for a second push now that the price has rested and retraced a bit
SECOND PUSH MADE .. anyone catch this again ???
  • #165
  • Feb 16, 2011 9:12am Feb 16, 2011 9:12am
Quoting PurePrice
TP1 hit with +20 pips .. SL at BE
Same over here... Done for the day.

Will do now some sports. Seeya
  • #166
  • Feb 16, 2011 9:18am Feb 16, 2011 9:18am
Quoting Centu
Same over here... Done for the day.

Will do now some sports. Seeya
Have fun.


Looking forward to your results for london session tomorrow

I am shoting for 5% today .. very close to it now :d
  • #167
  • Feb 16, 2011 10:11am Feb 16, 2011 10:11am
Quoting PurePrice
Have fun.


Looking forward to your results for london session tomorrow

I am shoting for 5% today .. very close to it now :d
Hi Pureprice ,

can you tell me which pairs you keep an eye on for this method?
thanks.
Steve.
  • #168
  • Edited 10:37am Feb 16, 2011 10:35am | Edited 10:37am
Great system!! Does anyone know of a 3ema cross signal alert with email? I always miss the 3 emas cross cause I cannot moniter my charts here all the time at work. This would at least let me know when things are starting to setup.

Jay
  • #169
  • Feb 16, 2011 11:01am Feb 16, 2011 11:01am
Quoting Dunebuggyjay
Great system!! Does anyone know of a 3ema cross signal alert with email? I always miss the 3 emas cross cause I cannot moniter my charts here all the time at work. This would at least let me know when things are starting to setup.

Jay

Hello Jay,

I can probably code one up for the group. That should not be hard
  • #170
  • Feb 16, 2011 11:03am Feb 16, 2011 11:03am
Quoting Arnold49
Hi Pureprice ,

can you tell me which pairs you keep an eye on for this method?
thanks.
Steve.

For the ASIAN session, I keep an eye on eurjpy, gbpjy and gbpusd
for eu/london, of course eur pairs and gbp pairs, i like gbpusd and eurusd
for NY I watch usd based pairs especially gbpusd, eurusd and audusd
  • #171
  • Feb 16, 2011 11:12am Feb 16, 2011 11:12am
Ireally like this system and will be trading london session as I live in uk. An Alert feature with pop up box indicating which pair emas have crossed on would be a big help.
Geoff
  • #172
  • Feb 16, 2011 11:53am Feb 16, 2011 11:53am
Quoting PurePrice
Have fun.


Looking forward to your results for london session tomorrow

I am shooting for 5% today .. very close to it now :d


As discussed yesterday in my proposal, I got a demo account with OANDA wihch I am now trading using this method. I had some mixups early on in the morning with my trading another account thinking it was this one ... but all is well now. lol

Just hit 8% for the day actually with that big push on gbpusd . I had my final TPs hit target. Here is a screen shot of today's trades.
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.jpg Size: 224 KB
  • #173
  • Feb 16, 2011 12:25pm Feb 16, 2011 12:25pm
Quoting GEOFFREY62
Ireally like this system and will be trading london session as I live in uk. An Alert feature with pop up box indicating which pair emas have crossed on would be a big help.
Geoff

Here is the EA .. put in in your experts folder. Drag this EA on each 5-minute chart of currencies you want to trade. It should put a pop-up box on your trading platform and send you an email.

Let me know if it works
Attached File(s)
File Type: ex4 PASS_EMA_Conv.ex4   3 KB | 753 downloads
  • #174
  • Edited 1:47pm Feb 16, 2011 1:08pm | Edited 1:47pm
Quoting GEOFFREY62
Ireally like this system and will be trading london session as I live in uk. An Alert feature with pop up box indicating which pair emas have crossed on would be a big help.
Geoff

Would be great if you can trade this system during london session and report back your feedback ... Hope you bank many pips.
  • #175
  • Feb 16, 2011 2:28pm Feb 16, 2011 2:28pm
Quoting PurePrice
Here is the EA .. put in in your experts folder. Drag this EA on each 5-minute chart of currencies you want to trade. It should put a pop-up box on your trading platform and send you an email.

Let me know if it works

So, maybe the alterter being 2 pips apart will cause some missed setups.

I have coded two different versions .. one that alerts you when there is 2 pip difference between EMAs, and the other alerts you when there are 5 pip difference between EMA. These will not work on JPY pairs for now.
Attached File(s)
File Type: ex4 PASS_EMA_Conv_2pip.ex4   3 KB | 672 downloads
File Type: ex4 PASS_EMA_Conv_5pip.ex4   3 KB | 677 downloads
  • #176
  • Edited 7:16pm Feb 16, 2011 6:31pm | Edited 7:16pm
Quick question, EMA's of ????

I assume the CLOSE as most would, I think

Thanks

PS: can you please share your HA candle indicator? as mine don't look as smooth as your charts
Canadian by birth Australian by choice
  • #177
  • Feb 17, 2011 12:38am Feb 17, 2011 12:38am
I am up in the whee hours, can't sleep ... just went short
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 40 KB
  • #178
  • Feb 17, 2011 12:41am Feb 17, 2011 12:41am
here is the trade entry chart
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 41 KB
  • #179
  • Feb 17, 2011 12:45am Feb 17, 2011 12:45am
Quoting TheSnowman
Quick question, EMA's of ????

I assume the CLOSE as most would, I think

Thanks

PS: can you please share your HA candle indicator? as mine don't look as smooth as your charts
EMAs are of CLOSE, yes,
all indicators and template are shared in first pst. you should not need to do anything other than apply the template .. this has all the indicator settings already
  • #180
  • Feb 17, 2011 1:00am Feb 17, 2011 1:00am
looks good for a short
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