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5-min PASS (Price Action Scalper System)

  • #301
  • Feb 18, 2011 4:58pm Feb 18, 2011 4:58pm
I would like to subscribe to this thread,can someone please tell me how.Thank you...........HARIOM
  • #302
  • Feb 18, 2011 5:37pm Feb 18, 2011 5:37pm
Hi Hariom,

Login, then go to this thread. Click on "Thread Tools." Click on "Subscribe to this Thread."

pipsacker.
  • #303
  • Feb 18, 2011 6:00pm Feb 18, 2011 6:00pm
Hey PurePrice, like the system, been following from the start. Going to start Monday morning, UK Time Zone here, will report results.

Keep up the good work!
  • #304
  • Feb 18, 2011 7:03pm Feb 18, 2011 7:03pm
Hi PurePrice,

well, my jaw's just dropped to my knees. Just when I was thinking about creating/finding a system that could suck about 10-20 pips from the market per diem, I stumble across your thread. Pure coincidence? Don't think so...

Thank you for this thread and the work you do, this looks like a very good trading system COMBINED with on-line market analysis. Can't wait till monday to test this out! I'm from Czech Republic, so I can hit both London and NY opening times. Will try to post my trades for everyone to see.

Just one question: I have an ECN trading account with prices quoted to 5 decimals. Could this constitute any problem for this trading system? I hope it's not the case, but to be sure...

Thanx again for this system, looking forward to see some nice pips.
  • #305
  • Feb 18, 2011 9:33pm Feb 18, 2011 9:33pm
Nice thread PurePrice, looks like even I can follow this PA
Need a little clarification with rule #3

Quoting PurePrice
Here is a system that you will love.
3- I use Heiken Ashi smoothed for more visual confirmation. For LONG, HK candles need to be blue and whole price candle needs to be above the HK candles. For Short, HK candles need to be red and price candle has to stay below the HK candle.
Does the price candle need to be completely separated from the HK candle, or is it ok if they are intertwined a little as long as the Price candle is above or below it in the right direction? Thanks
May the pips be with you!
  • #306
  • Edited 10:40pm Feb 18, 2011 10:14pm | Edited 10:40pm
Not to take any focus from this excellent method, hopefully add to it, I use the - click link below - method as confirmation and as we all know, sometimes it helps to change time frames on MT4 to make sure the data and indicators are updating.

This strategy is a 15 M, so doesn't hurt to have it set on that time frame to check and then back to watching the set P_A_S_S setups on the 5 M. On edit: Forgot to mention, this works well with PASS as both are trend continuation trading methods!

Urban Towers Scalping Strategy
Attached Image (click to enlarge)
Click to Enlarge Name: great.swings.gif Size: 58 KB
Canadian by birth Australian by choice
  • #307
  • Feb 18, 2011 11:23pm Feb 18, 2011 11:23pm
In reference to the previous post about the Urban Towers Scalping Strategy, I should have also mention both methods use multiple moving average, I should have left them on display in the chart, but anyway, here is a much better example.

This is the huge run up in the EUR-USD yesterday, you can see the set up easily on the 15 M chart, giving good confirmation for the 5 M trade entry on the PASS method.

Indicator attached, but you should read the other thread also, hey, it's the weekend, what else do you have to do?

Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur_15_m.gif Size: 48 KB
Click to Enlarge Name: eur_5_m.gif Size: 41 KB
Attached File(s)
File Type: mq4 Urban_Towers.mq4   7 KB | 672 downloads
Canadian by birth Australian by choice
  • #308
  • Feb 18, 2011 11:45pm Feb 18, 2011 11:45pm
Quoting TheSnowman
In reference to the previous post about the Urban Towers Scalping Strategy, I should have also mention both methods use multiple moving average, I should have left them on display in the chart, but anyway, here is a much better example.

This is the huge run up in the EUR-USD yesterday, you can see the set up easily on the 15 M chart, giving good confirmation for the 5 M trade entry on the PASS method.

Indicator attached, but you should read the other thread also, hey, it's the weekend, what else do you have to do?

thanks TheSnowman.
  • #309
  • Feb 19, 2011 4:44am Feb 19, 2011 4:44am
Hey PP,
Thanks for very good thread. A small detail regarding the "score for all time" text on your chart. If you right click on the chart and go to 'object list' you can delete it from there. Sometimes messy indicators leave leftover bits of themselves when you remove them.

When you saved your template, that was saved with it so everyone will have that on their charts using your template.
  • #310
  • Edited 11:31am Feb 19, 2011 11:30am | Edited 11:31am
Quoting Nedify
Hey PP,
Thanks for very good thread. A small detail regarding the "score for all time" text on your chart. If you right click on the chart and go to 'object list' you can delete it from there. Sometimes messy indicators leave leftover bits of themselves when you remove them.

When you saved your template, that was saved with it so everyone will have that on their charts using your template.
Good advice, especially when sharing templates.

What I have been doing when I make changes to my "Base" chart, I go to the "Object List", do a "Ctrl + A" which selects all in the list, click Delete, then SAVE the template.

Don't worry that some items are removed from the chart, this is only temporary; just switch time frames back & forth and the indicators currently used will refresh the chart objects.

Doing it this way I know that, when I apply the template to other charts, there are no stray trend lines, horizontal or vertical lines or text objects floating around somewhere, but that is just me.

Canadian by birth Australian by choice
  • #311
  • Feb 19, 2011 4:13pm Feb 19, 2011 4:13pm
Thank you Pipsacker got it...........HARIOM
  • #312
  • Feb 19, 2011 7:51pm Feb 19, 2011 7:51pm
Thanks for the system. Will give it a try on Monday.

fishman356
  • #313
  • Feb 20, 2011 7:41am Feb 20, 2011 7:41am
hey PPrice..thanks for sharing..will give it a go on Monday
  • #314
  • Edited 9:33am Feb 20, 2011 9:20am | Edited 9:33am
any suggestion on entry in the black box.
what do you think. should i wait until PA break swing high.
SL hit before TP..
so sad.
PS:avoid to trade 1 hour before big news.The failure was 45-m before Unemployment Claims announce.
Attached Image (click to enlarge)
Click to Enlarge Name: aa.gif Size: 32 KB
  • #315
  • Feb 20, 2011 2:06pm Feb 20, 2011 2:06pm
Hi PurePrice...

I like your system very much. It is similar to Cubbybgoods last thread, except has the extra filters to get you in at the beginning of a trend, instead of the middle or the end. Also much better R:R ratio. Excellent job, PP.

I'm in the same time zone as you. Ashame to miss out on first part of London session.

I'll begin trading PASS on Monday, and we'll see how it goes. Thanks very much for sharing.

Wally
"Be the change that you wish to see in the world." --Gandhi
  • #316
  • Feb 20, 2011 5:35pm Feb 20, 2011 5:35pm
Quoting FX Master
Hey PurePrice, like the system, been following from the start. Going to start Monday morning, UK Time Zone here, will report results.

Keep up the good work!

Good luck FX Master
  • #317
  • Feb 20, 2011 5:36pm Feb 20, 2011 5:36pm
Quoting Altaria
Hi PurePrice,

well, my jaw's just dropped to my knees. Just when I was thinking about creating/finding a system that could suck about 10-20 pips from the market per diem, I stumble across your thread. Pure coincidence? Don't think so...

Thank you for this thread and the work you do, this looks like a very good trading system COMBINED with on-line market analysis. Can't wait till monday to test this out! I'm from Czech Republic, so I can hit both London and NY opening times. Will try to post my trades for everyone to see.

Just one...
Don't think yu should have any isusues, the rules are the rules. The Ea however maybe one decimal out. Just try it and let me know. Good luck.
  • #318
  • Feb 20, 2011 5:38pm Feb 20, 2011 5:38pm
Quoting CraigFX
Nice thread PurePrice, looks like even I can follow this PA
Need a little clarification with rule #3



Does the price candle need to be completely separated from the HK candle, or is it ok if they are intertwined a little as long as the Price candle is above or below it in the right direction? Thanks
Welcome to the thread Craig.

It is best if te candle starts to separate away form teh HK so that the whole candle is outside, but if PA is so convincing, as long as you get the close below/above the HK candles, you should be good to go.
  • #319
  • Feb 20, 2011 5:39pm Feb 20, 2011 5:39pm
Quoting TheSnowman
In reference to the previous post about the Urban Towers Scalping Strategy, I should have also mention both methods use multiple moving average, I should have left them on display in the chart, but anyway, here is a much better example.

This is the huge run up in the EUR-USD yesterday, you can see the set up easily on the 15 M chart, giving good confirmation for the 5 M trade entry on the PASS method.

Indicator attached, but you should read the other thread also, hey, it's the weekend, what else do you have to do?

Thank you Snowman. I'd rather keep this thread to the rules outlined here and not complicate thigns too much, as overanalyis leads to paralysis (sometimes).
  • #320
  • Feb 20, 2011 5:41pm Feb 20, 2011 5:41pm
Quoting Nedify
Hey PP,
Thanks for very good thread. A small detail regarding the "score for all time" text on your chart. If you right click on the chart and go to 'object list' you can delete it from there. Sometimes messy indicators leave leftover bits of themselves when you remove them.

When you saved your template, that was saved with it so everyone will have that on their charts using your template.

Thanks. I thought of it after I posted my template.... I will be uprading my template soon to delete this object and include an RSI indicator for fun well, not really, it is more for confirmation
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