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5-min PASS (Price Action Scalper System)

  • #501
  • Feb 23, 2011 10:54am Feb 23, 2011 10:54am
Quoting PurePrice
There S line just below us here at 16213

did yu move SL to BE? it moved to 16208 which should have given you the 10+ pips you were looking for
  • #502
  • Feb 23, 2011 10:56am Feb 23, 2011 10:56am
Quoting PurePrice
I assume this eurchf ??

My tp is previous lo at 25+spread

TP hit
  • #503
  • Feb 23, 2011 11:02am Feb 23, 2011 11:02am
watch this one
  • #504
  • Feb 23, 2011 11:07am Feb 23, 2011 11:07am
Quoting PurePrice
did yu move SL to BE? it moved to 16208 which should have given you the 10+ pips you were looking for
I was short the gbp, thats only really what I trade. Although there does seem to be lots of pips on other pairs so might give them a go!!
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #505
  • Feb 23, 2011 11:13am Feb 23, 2011 11:13am
Quoting shinny
I was short the gbp, thats only really what I trade. Although there does seem to be lots of pips on other pairs so might give them a go!!

I think focusin on one or two currency pairs is a great idea, especially when strting with a new system.


How did you do on the Short gbpusd ?? Still running or out at BE?
  • #506
  • Feb 23, 2011 11:15am Feb 23, 2011 11:15am
Quoting PurePrice
TP hit

TP2 hit for +25 pips
  • #507
  • Feb 23, 2011 11:17am Feb 23, 2011 11:17am
Quoting PurePrice
I think focusin on one or two currency pairs is a great idea, especially when strting with a new system.


How did you do on the Short gbpusd ?? Still running or out at BE?

Oops n/m .. just saw your update your post indicating a stopped out at BE
  • #508
  • Feb 23, 2011 11:18am Feb 23, 2011 11:18am
Quoting PurePrice
Oops n/m .. just saw your update your post indicating a stopped out at BE
Yes stopped out at B/E, price went about 2 pips higher than my SL then has come back down! It happens sometimes, no loss so so worries
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #509
  • Feb 23, 2011 11:20am Feb 23, 2011 11:20am
Quoting shinny
Yes stopped out at B/E, price went about 2 pips higher than my SL then has come back down! It happens sometimes, no loss so so worries
Yep, better a BE than 15 pip loss

Good trade management
  • #510
  • Feb 23, 2011 11:22am Feb 23, 2011 11:22am
Quoting PurePrice
Yep, better a BE than 15 pip loss

Good trade management

Just closed my position at +5 pips only at the R1 line ..I do not like the hesitation here
  • #511
  • Feb 23, 2011 11:23am Feb 23, 2011 11:23am
now that it is NY lunch . I have squared off all positions for now
  • #512
  • Feb 23, 2011 11:24am Feb 23, 2011 11:24am
Quoting PurePrice
Just closed my position at +5 pips only at the R1 line ..I do not like the hesitation here

I laugh cuz this thing just tanked anothe 10 pips they must be watching me trade ... lol
  • #513
  • Feb 23, 2011 11:26am Feb 23, 2011 11:26am
So, what was your pip tally today Shinny?? I kow u trade UK and US session ..
  • #514
  • Feb 23, 2011 11:30am Feb 23, 2011 11:30am
Quoting PurePrice
watch this one

If you entered short, it is time to lock in some profit and move SL tighter to your entry
  • #515
  • Feb 23, 2011 11:33am Feb 23, 2011 11:33am
Quoting PurePrice
If you entered short, it is time to lock in some profit and move SL tighter to your entry
Note how price is attracted to the last swing low like a magnate???? that is what you need to practise and get good at it WHERE is teh price likely to be headed to and where it may bounce ... That should a TP target for you, at least TP1 and then rest to BE or very small SL at that, and TP2 maybe twice TP1, or next S/R level or next round number, etc.
  • #516
  • Feb 23, 2011 11:36am Feb 23, 2011 11:36am
it was headed down, but just bounced about 15 pips up ... WHY??? because of the round number (1.6200) my friends... be aware of those levels as they are very likely to cause a Price reaction intraday, at least at first time touch of the level. gbpusd just executed A TEXTBOOK support at the 1.6200 level.
  • #517
  • Feb 23, 2011 11:43am Feb 23, 2011 11:43am
I know it is NY lunch hour, but if you are up to it .. watch eurusd go up for a second push today. Looks like it has retraced back to a minor suport (used to be resistance) level, and the EMA are now converging. My higher TF tell me the EMAs are lined up Long on this pair .

Let us wait for a setup and see
Attached Image (click to enlarge)
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  • #518
  • Feb 24, 2011 6:06am Feb 24, 2011 6:06am
scannin pairs now .. looks like gbpusd had a nice run dwon for 30+pips
  • #519
  • Feb 24, 2011 6:08am Feb 24, 2011 6:08am
against usd are all converging now ......watch closely and be aware of pp levels here
  • #520
  • Feb 24, 2011 6:19am Feb 24, 2011 6:19am
potential short below 112.49
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