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5-min PASS (Price Action Scalper System)

  • #421
  • Feb 22, 2011 5:02am Feb 22, 2011 5:02am
Hello all

this is what I am observing in audusd....

your input would be much appreciated

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 35 KB
Raza
  • #422
  • Feb 22, 2011 6:07am Feb 22, 2011 6:07am
This baby coming right back where it started.

I am about 33% percent today
Attached Image (click to enlarge)
Click to Enlarge Name: pass_02.gif Size: 38 KB
  • #423
  • Feb 22, 2011 8:35am Feb 22, 2011 8:35am
Quoting maxwell-eqtn
This baby coming right back where it started.

I am about 33% percent today

wow congratulation!
what do you think about eu now ? I suppose it would go down again
  • #424
  • Feb 22, 2011 8:39am Feb 22, 2011 8:39am
this one is going down
  • #425
  • Feb 22, 2011 8:40am Feb 22, 2011 8:40am
this one is converging .. watch closely
  • #426
  • Feb 22, 2011 8:41am Feb 22, 2011 8:41am
are too choppy at this point .. I don't liek to trade "messy" PA like what is hapening with two pirs right now. I like "clean" PA, that is why I am picking audusd and nzdusd, and gbpjpy currently, as they have clean PA
  • #427
  • Feb 22, 2011 8:43am Feb 22, 2011 8:43am
Quoting PurePrice
this one is going down

Here is the chart
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 42 KB
  • #428
  • Feb 22, 2011 8:47am Feb 22, 2011 8:47am
+3pips on this trade audusd
  • #429
  • Feb 22, 2011 8:47am Feb 22, 2011 8:47am
this one is converging and looking like it is going down below 1.2835
Watch PA closely
  • #430
  • Feb 22, 2011 8:50am Feb 22, 2011 8:50am
Quoting PurePrice
Thanks emi .. I woud suggest you demo trade for a few months first, but if you wish to start with live account, i would suggest real smal money to start with until u r experienced with the system....

I don;t like to trade on demo account. I have a $10 live account only for trading. I'm testing only on live account since years because to be familiar with trading real money. Thank for your observation. I will keep you updated with my trades
  • #431
  • Feb 22, 2011 8:50am Feb 22, 2011 8:50am
Quoting PurePrice
Here is the chart
Hi PurePrice,

do you not wait for the fractal to form after the cross? In your pic you used the fractal before the cross as entry...
  • #432
  • Feb 22, 2011 8:51am Feb 22, 2011 8:51am
in 10 minutes, so be careful taking USD positions . I already exited my audusd .. I didnot check my calendar prior to taking the position ... my bad . don't make that mistake
  • #433
  • Feb 22, 2011 8:54am Feb 22, 2011 8:54am
Quoting emi
I don;t like to trade on demo account. I have a $10 live account only for trading. I'm testing only on live account since years because to be familiar with trading real money. Thank for your observation. I will keep you updated with my trades

That is awesome .. where can one get a $10 live account for trading?? this is a great idea to test a new system with
  • #434
  • Feb 22, 2011 8:55am Feb 22, 2011 8:55am
Quoting PurePrice
That is awesome .. where can one get a $10 live account for trading?? this is a great idea to test a new system with
I have on oanda and on fxopen
  • #435
  • Feb 22, 2011 8:57am Feb 22, 2011 8:57am
Quoting Olarion1975
Hi PurePrice,

do you not wait for the fractal to form after the cross? In your pic you used the fractal before the cross as entry...

You are correct, I jumped early n this one becuase of the last 4 previous fractals that you see on your chart. ... they form a nice "support level" if you would. Additionally , the RSI was convincing enough (more on this later) I did mention that with this method there is some "personal" tweaks that I use, and I am a bit flexible. This wil come with experience. I would stick to rules for now if I were you. I guess I should only post when all the rules have been met. I apologize.
  • #436
  • Feb 22, 2011 8:59am Feb 22, 2011 8:59am
Quoting emi
I have on oanda and on fxopen

Have you tried OANDA's MT4 platform yet?? I have it on Demo now. I actually have a LIVE account with OANDA but with FxTRade platform still.
  • #437
  • Feb 22, 2011 8:59am Feb 22, 2011 8:59am
Quoting emi
I have on oanda and on fxopen
Deposit limit is $1 ...and I have olso deposited $2 and now I have $10 becouse of my winning trades in time.
These account I use only for testing sistems.. and in the same time to be familiar with real money trading, emotions etc.
  • #438
  • Feb 22, 2011 9:01am Feb 22, 2011 9:01am
Quoting PurePrice
Have you tried OANDA's MT4 platform yet?? I have it on Demo now. I actually have a LIVE account with OANDA but with FxTRade platform still.
Oanda just with fxtrade and fxopen with mt4
  • #439
  • Feb 22, 2011 9:02am Feb 22, 2011 9:02am
Quoting emi
Deposit limit is $1 ...and I have olso deposited $2 and now I have $10 becouse of my winning trades in time.
These account I use only for testing sistems.. and in the same time to be familiar with real money trading, emotions etc.

so you grew your accont rom 2 to 10 ??? that is really great. Maybe this system will help contribute to your wnings also
  • #440
  • Feb 22, 2011 9:05am Feb 22, 2011 9:05am
Quoting PurePrice
so you grew your accont rom 2 to 10 ??? that is really great. Maybe this system will help contribute to your wnings also
This is what I hope
Possible gbpusd entry now?
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