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5-min PASS (Price Action Scalper System)

  • #321
  • Feb 20, 2011 5:41pm Feb 20, 2011 5:41pm
Quoting fishman356
Thanks for the system. Will give it a try on Monday.

fishman356

Welcome aboard fishman .. glad to have you here.
  • #322
  • Feb 20, 2011 5:42pm Feb 20, 2011 5:42pm
Quoting axl
hey PPrice..thanks for sharing..will give it a go on Monday

You are welcome.. hope you can share your results with us
  • #323
  • Feb 20, 2011 5:44pm Feb 20, 2011 5:44pm
Quoting Wally1953
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
Welcome aboard Wally... please give this a try and let us know how you make out
  • #324
  • Feb 20, 2011 5:51pm Feb 20, 2011 5:51pm
Quoting fdoehpp
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.
The entry ws certainly correct at the green line marked. News will always affect the price one way or another. What I normally do just before news release IFFFF I am in a trade already to really tighten the SL in case the news goes against my position. I also increase the TP in case the news helps my position and you get a home run. BUT ALWAYS be aware of news and when they are coming out. Not much you could have done in this situation, other than tighten SL... please remember YOU WILL have losses, as this is no holy grail. You have to take losses in stride and move on to the next trade. It is part of this business. Don't ever think that you will win every trade
  • #325
  • Feb 20, 2011 5:53pm Feb 20, 2011 5:53pm
get ready .. looks like eurusd and eurjpy are moving up already
  • #326
  • Feb 20, 2011 6:02pm Feb 20, 2011 6:02pm
let's see a fractal forming next
  • #327
  • Feb 20, 2011 6:07pm Feb 20, 2011 6:07pm
Fractal had already formed at 16239 previously
  • #328
  • Feb 20, 2011 6:08pm Feb 20, 2011 6:08pm
short here ....

Note I do not normally trade these hours and session but this is to demonstrate some examples here live as i have a few minutes to spare .. this is on a DEMO ACCOUNT
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 41 KB
  • #329
  • Feb 20, 2011 6:15pm Feb 20, 2011 6:15pm
to a point, possibly short ..let's watch this one for a few minutes
  • #330
  • Feb 20, 2011 6:30pm Feb 20, 2011 6:30pm
Quoting PurePrice
to a point, possibly short ..let's watch this one for a few minutes

Watch the audusd is right at pivot now, although it apears to be breaking down
  • #331
  • Feb 20, 2011 6:43pm Feb 20, 2011 6:43pm
Quoting PurePrice
short here ....

Note I do not normally trade these hours and session but this is to demonstrate some examples here live as i have a few minutes to spare .. this is on a DEMO ACCOUNT
moved SL to Be now
  • #332
  • Feb 20, 2011 6:48pm Feb 20, 2011 6:48pm
watch for a short formation
  • #333
  • Feb 20, 2011 6:52pm Feb 20, 2011 6:52pm
Quoting PurePrice
watch for a short formation
let see..
  • #334
  • Feb 20, 2011 7:41pm Feb 20, 2011 7:41pm
Quoting PurePrice
short here ....

Note I do not normally trade these hours and session but this is to demonstrate some examples here live as i have a few minutes to spare .. this is on a DEMO ACCOUNT
I thought the 1st fractal had to be after the crosses then you take the trade as price passes again. This example is a little different than the others ? Thks
  • #335
  • Feb 20, 2011 7:47pm Feb 20, 2011 7:47pm
Quoting turboguru
I thought the 1st fractal had to be after the crosses then you take the trade as price passes again. This example is a little different than the others ? Thks
The cross did happen before the fractal although it did go up again, but the first formation had the cross and teh fractal
  • #336
  • Feb 20, 2011 7:48pm Feb 20, 2011 7:48pm
converging to a point right now
  • #337
  • Feb 20, 2011 7:56pm Feb 20, 2011 7:56pm
Quoting PurePrice
The cross did happen before the fractal although it did go up again, but the first formation had the cross and teh fractal
Yes 1st had it but it crossed up after the fractal. I like what I see but just trying to see a consistent setup to get the most accurate results. Thx
  • #338
  • Feb 21, 2011 1:24am Feb 21, 2011 1:24am
Funny , i trade something very similar from time to time when iam bored.
Well you wont be dissapointed when you check out multi time frame psar as an addition .


Good luck
  • #339
  • Feb 21, 2011 7:23am Feb 21, 2011 7:23am
Quoting blutkehlchen
Funny , i trade something very similar from time to time when iam bored.
Well you wont be dissapointed when you check out multi time frame psar as an addition .


Good luck

Thanks
  • #340
  • Feb 21, 2011 7:24am Feb 21, 2011 7:24am
EMAs converged already
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