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5-min PASS (Price Action Scalper System)

  • #541
  • Feb 24, 2011 9:29am Feb 24, 2011 9:29am
Quoting liberty55
Where do put your stoploss??
normally, stop los is placed just below the down fractal . in this case 13770 or so
  • #542
  • Feb 24, 2011 9:32am Feb 24, 2011 9:32am
Quoting PurePrice
no problem .. it loks like it is going up again for a second push through R1

Liberty,

If you are still LONg eurusd, I would place an initial TP1 (maybe 1/3 or 1/2 your position) at 1.3819 for now to take some profit at last swing high for 15 pips.
  • #543
  • Feb 24, 2011 9:36am Feb 24, 2011 9:36am
Quoting liberty55
not yet... I try all the time to put a limit order ( remove emotion....) but the market move to fast to set... I miss...

Your first TP level should be the closest R/S level ... what does your chart say for R1 on eurusd???
  • #544
  • Feb 24, 2011 9:39am Feb 24, 2011 9:39am
I am LONG. question : How do you program your MT4 for to take 1/2 of your position at may be in this case 1.3819??? Is it a function in the mt4 to do that or you need in front of your screen to do that???
  • #545
  • Feb 24, 2011 9:46am Feb 24, 2011 9:46am
Quoting liberty55
I am LONG. question : How do you program your MT4 for to take 1/2 of your position at may be in this case 1.3819??? Is it a function in the mt4 to do that or you need in front of your screen to do that???
you manualy can't. you havr to close part of the position manually.

The other way to do ths is to enter 2 or 3 separate orders and set differetn TP for each order. LEt's say you entered 2 orders, you set TP1 at 15 pips and SL at 15 pips. your second order will have TP2 to 30, and SL at 15 with Traling stop set to 15 to move SL to BE once your first TP is hit.
  • #546
  • Feb 24, 2011 9:48am Feb 24, 2011 9:48am
This is exactly what I was thinking but I wan to be sure... nice to exchange with you idea's... I miss the nice setup on the GBPUSD... very nice setup. I think thast I become to have a lot of fun....


Hit my stoploss... but only 1.25% ....
  • #547
  • Feb 24, 2011 10:35am Feb 24, 2011 10:35am
watch this pair
  • #548
  • Feb 24, 2011 10:36am Feb 24, 2011 10:36am
Quoting PurePrice
watch this pair

AUDUSD also
  • #549
  • Feb 24, 2011 10:40am Feb 24, 2011 10:40am
for buy??? for nzd...

sugession: why you don't say in the same time of your adviu=ise the direction we have to have to chex=ck??

Thank
  • #550
  • Feb 24, 2011 11:12am Feb 24, 2011 11:12am
Quoting liberty55
for buy??? for nzd...

sugession: why you don't say in the same time of your adviu=ise the direction we have to have to chex=ck??

Thank
Cuz it can go either way .. we ned to watch fractal fomation afte teh convergence, and watch PA to see if it breaks it.

Cnvergence of EMAs s only the first step. Please read post 1 again
  • #551
  • Feb 24, 2011 11:25am Feb 24, 2011 11:25am
about your PASS_EMA_CONV, when I gave a message from it; is it because the 3MA.s are crossed or they are in préparation about the crossing??? if it is crossing the seconf I know it will be to check fro the fractal breakout.

thank you
  • #552
  • Feb 24, 2011 11:27am Feb 24, 2011 11:27am
Quoting liberty55
about your PASS_EMA_CONV, when I gave a message from it; is it because the 3MA.s are crossed or they are in préparation about the crossing??? if it is crossing the seconf I know it will be to check fro the fractal breakout.

thank you
It alerts you when the EMas are within 2 pips of each other. Not necessarily crossed. This sstem is not based on EMAs crossing a a trigger, it is based on price action a your trigger. EMas and fractal formations are setup conditions only
  • #553
  • Feb 24, 2011 11:29am Feb 24, 2011 11:29am
this is why I have confused... thank
  • #554
  • Feb 24, 2011 11:35am Feb 24, 2011 11:35am
Quoting liberty55
this is why I have confused... thank
are you clear now???
  • #555
  • Feb 24, 2011 11:45am Feb 24, 2011 11:45am
yes
  • #556
  • Feb 24, 2011 11:59am Feb 24, 2011 11:59am
Hold it, lol.

Where does which indo or EA goes?

Trying to get that part to work and now confused with which to put where.
  • #557
  • Feb 24, 2011 12:02pm Feb 24, 2011 12:02pm
let's watch
  • #558
  • Feb 24, 2011 12:19pm Feb 24, 2011 12:19pm
Found it already, simply looked back thru this tread.
  • #559
  • Feb 24, 2011 9:52pm Feb 24, 2011 9:52pm
I want to applaud PP for this showing his status on real time on a demo account........Im in tooo will trade with the London/EU crowd...
  • #560
  • Feb 25, 2011 12:00am Feb 25, 2011 12:00am
Does this fractal thing repaints? I took a short EU just a couple of minutes ago based on a short fractal I saw. And as soon as the price made a new low, the fractal disappeared. Anyone facing similar problem?
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