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5-min PASS (Price Action Scalper System)

  • #661
  • Feb 28, 2011 9:43am Feb 28, 2011 9:43am
Quoting PurePrice
looking to go down a few pips below reistance level (now support)??

higher TFs say it is LONG, so if you want to enter this one, go in and out real quick for a few pips only

Same for EURUSD
  • #662
  • Feb 28, 2011 9:46am Feb 28, 2011 9:46am
Quoting PurePrice
I just looked agian at eurusd 5-min chart .. you are entering right short at support level which is likely to cause a bounce up ... not advised
just closed it for 10 pips...my first trade...
Lose small, WIN BIG..
  • #663
  • Feb 28, 2011 9:48am Feb 28, 2011 9:48am
Quoting Pmg.g
just closed it for 10 pips...my first trade...
this divergention is the reason why I wasn´t afraid to sell guys...
Attached Image (click to enlarge)
Click to Enlarge Name: fopf.gif Size: 30 KB
Lose small, WIN BIG..
  • #664
  • Feb 28, 2011 9:48am Feb 28, 2011 9:48am
Quoting PurePrice
Same for EURUSD
I am short
  • #665
  • Feb 28, 2011 9:51am Feb 28, 2011 9:51am
Quoting PurePrice
I am short
moved SL to BE, just in case as we are trading against the longer TF
  • #666
  • Feb 28, 2011 9:53am Feb 28, 2011 9:53am
Quoting Pmg.g
this divergention is the reason why I wasn´t afraid to sell guys...

You must be using a different system than PASS, as all your indicators are differet and you have 15-min chart. but congrats on the 10 pips
  • #667
  • Feb 28, 2011 9:54am Feb 28, 2011 9:54am
Quoting PurePrice
moved SL to BE, just in case as we are trading against the longer TF
stopped out at BE
  • #668
  • Feb 28, 2011 10:02am Feb 28, 2011 10:02am
on the move up maybe for a second push up again
  • #669
  • Feb 28, 2011 10:06am Feb 28, 2011 10:06am
Looks like eurusd could be a good set-up...have this pending sell order:
Attached Image (click to enlarge)
Click to Enlarge Name: PA.jpg Size: 31 KB
  • #670
  • Feb 28, 2011 10:10am Feb 28, 2011 10:10am
Quoting fchaman
Looks like eurusd could be a good set-up...have this pending sell order:

Thanks for posting the charts .... I am at work and have hardly any time to post charts.. sorry.

The setup looks great, however two point to remember

1- you are trading against the higher TFs

2- watch of the double zero round number (1.3800) just below your entry which may cause a nice support and make the price bounce up instead of going down. Just my 2 cents
  • #671
  • Feb 28, 2011 10:26am Feb 28, 2011 10:26am
Quoting PurePrice
Thanks for posting the charts .... I am at work and have hardly any time to post charts.. sorry.

The setup looks great, however two point to remember

1- you are trading against the higher TFs

2- watch of the double zero round number (1.3800) just below your entry which may cause a nice support and make the price bounce up instead of going down. Just my 2 cents
Thanks for reply PP...regarding #1: If 48EMA(the white line) is turning down, so my pending sell trade is going with the same direction as higher TF...so not sure why you're referring to "against the higer TF´s!"

#2: Yes, that's a good observation..since my trade is only only 4pips above the 1.3800, perhaps is not wise to have this trade. Cheers!
  • #672
  • Feb 28, 2011 10:31am Feb 28, 2011 10:31am
Quoting fchaman
Thanks for reply PP...regarding #1: If 48EMA(the white line) is turning down, so my pending sell trade is going with the same direction as higher TF...so not sure why you're referring to "against the higer TF´s!"

#2: Yes, that's a good observation..since my trade is only only 4pips above the 1.3800, perhaps is not wise to have this trade. Cheers!
AH HUH

the higher TFs being the 15-min and 60-min CHARTS... quickly check those to make sure the EMAs are lined up correctly in your direction.
  • #673
  • Feb 28, 2011 10:35am Feb 28, 2011 10:35am
Quoting PurePrice
You must be using a different system than PASS, as all your indicators are differet and you have 15-min chart. but congrats on the 10 pips
No i´m not I was just showing you the divergence that supported sell signal on PASS
Lose small, WIN BIG..
  • #674
  • Feb 28, 2011 10:38am Feb 28, 2011 10:38am
Yes PP, the other ema's all lining up with the trade, i.e., down.

Anyway, trades got filled now...let's see:
Attached Image (click to enlarge)
Click to Enlarge Name: pass_trades.jpg Size: 132 KB
  • #675
  • Feb 28, 2011 10:48am Feb 28, 2011 10:48am
Adjusted my Sl's:
Attached Image
  • #676
  • Feb 28, 2011 10:55am Feb 28, 2011 10:55am
Quoting Pmg.g
No i´m not I was just showing you the divergence that supported sell signal on PASS
AH OK. well then you got your 1% for the day
  • #677
  • Feb 28, 2011 11:05am Feb 28, 2011 11:05am
Quoting fchaman
Looks like eurusd could be a good set-up...have this pending sell order:
I would consider taking some profit off the table at 13790
  • #678
  • Feb 28, 2011 11:08am Feb 28, 2011 11:08am
Quoting fchaman
Yes PP, the other ema's all lining up with the trade, i.e., down.

Anyway, trades got filled now...let's see:

The EMAs on my 15-min and 60-min charts are lined up for a buy not a sell ... hmmmm
  • #679
  • Feb 28, 2011 11:11am Feb 28, 2011 11:11am
Quoting PurePrice
AH OK. well then you got your 1% for the day
It´ s exactly 4% coz i´m using dif. MM than you (a bit more risky)

but thanks for this gorgeous system !
Lose small, WIN BIG..
  • #680
  • Feb 28, 2011 11:19am Feb 28, 2011 11:19am
Quoting Pmg.g
It´ s exactly 4% coz i´m using dif. MM than you (a bit more risky)

but thanks for this gorgeous system !
You are welcome.

That is awesome -- you trade whatever you are most comfortable with.

I expect one thing in return though .... Tally at the end of the week please to show that a 10% profit per week is possible with this system
This would give me gret satisfaction if you could do that for me
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