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5-min PASS (Price Action Scalper System)

  • #681
  • Feb 28, 2011 11:22am Feb 28, 2011 11:22am
did anyone trade early this morning? as in eu/london session?

There was some nice pips to be had during those sessions .. anyoen catch them? If so, please share with the group
  • #682
  • Feb 28, 2011 11:31am Feb 28, 2011 11:31am
Quoting PurePrice
did anyone trade early this morning? as in eu/london session?

There was some nice pips to be had during those sessions .. anyoen catch them? If so, please share with the group
Hello PP,

I did take some pips this morning. Sorry for not posting a chart but I am still in the office and my web based trading station does unfortunately not allow to safe a chart but ... I found an entry at about 9:45 am and safed 18 pips later on ... with more patience it could have been some more ...

Nice system! Thanks a lot PP!
  • #683
  • Feb 28, 2011 11:34am Feb 28, 2011 11:34am
Quoting Dortmunder
Hello PP,

I did take some pips this morning. Sorry for not posting a chart but I am still in the office and my web based trading station does unfortunately not allow to safe a chart but ... I found an entry at about 9:45 am and safed 18 pips later on ... with more patience it could have been some more ...

Nice system! Thanks a lot PP!

Good work
  • #684
  • Feb 28, 2011 11:37am Feb 28, 2011 11:37am
Quoting Dortmunder
Hello PP,

I did take some pips this morning. Sorry for not posting a chart but I am still in the office and my web based trading station does unfortunately not allow to safe a chart but ... I found an entry at about 9:45 am and safed 18 pips later on ... with more patience it could have been some more ...

Nice system! Thanks a lot PP!
Some more ...it could have been around 100 buddy!! But every profit is good!! Congrats
Lose small, WIN BIG..
  • #685
  • Feb 28, 2011 11:46am Feb 28, 2011 11:46am
Hi PP.
I would love to share 10% + result with others on Friday
Anyway..I have one question.. Is this still PASS setup? Even if the white and orange EMAs arenīt xing each other?

Thx.
Jakub
Attached Image (click to enlarge)
Click to Enlarge Name: pass setup.gif Size: 35 KB
Lose small, WIN BIG..
  • #686
  • Feb 28, 2011 11:56am Feb 28, 2011 11:56am
Quoting Pmg.g
Hi PP.
I would love to share 10% + result with others on Friday
Anyway..I have one question.. Is this still PASS setup? Even if the white and orange EMAs arenīt xing each other?

Thx.
Jakub

Yes it is valid, as long as the white line is close enough to the other two. sometimes you will not have the white line come to a point with the other two, but that it OK, as long as you are trading with the ORDER (whih gives you correct direction) of the three EMAs. In the case you mentioned, as long as you are entering long, you should be fine
  • #687
  • Feb 28, 2011 12:00pm Feb 28, 2011 12:00pm
Quoting Pmg.g
Hi PP.
I would love to share 10% + result with others on Friday
Anyway..I have one question.. Is this still PASS setup? Even if the white and orange EMAs arenīt xing each other?

Thx.
Jakub


I have a dumb question for you Jakub .. how do you draw an EMPTY ircle (oval) like that .. my ellipses are always filled in and block everything behind them on the chart
  • #688
  • Feb 28, 2011 12:04pm Feb 28, 2011 12:04pm
double left click on the ellipse, then right click, than properties, uncheck box saying you want to have as a background" thats all )

Quoting PurePrice
I have a dumb question for you Jakub .. how do you draw an EMPTY ircle (oval) like that .. my ellipses are always filled in and block everything behind them on the chart
Lose small, WIN BIG..
  • #689
  • Feb 28, 2011 12:05pm Feb 28, 2011 12:05pm
Quoting PurePrice
Yes it is valid, as long as the white line is close enough to the other two. sometimes you will not have the white line come to a point with the other two, but that it OK, as long as you are trading with the ORDER (whih gives you correct direction) of the three EMAs. In the case you mentioned, as long as you are entering long, you should be fine
Thanks )
Lose small, WIN BIG..
  • #690
  • Feb 28, 2011 1:05pm Feb 28, 2011 1:05pm
Quoting Pmg.g
double left click on the ellipse, then right click, than properties, uncheck box saying you want to have as a background" thats all )

Got it, thanks.
  • #691
  • Feb 28, 2011 1:07pm Feb 28, 2011 1:07pm
I know it is past NY lunch hour, but gbpusd is looking like it may want to go for a second push up as the EMAs are now converging
  • #692
  • Feb 28, 2011 2:20pm Feb 28, 2011 2:20pm
Quoting PurePrice
I know it is past NY lunch hour, but gbpusd is looking like it may want to go for a second push up as the EMAs are now converging
AH, if you went into this Long, look to take some profit off teh table soon @ previous swing high = 16270 or so.
  • #693
  • Edited 4:35pm Feb 28, 2011 4:20pm | Edited 4:35pm
testing ... My live account performance is in the link below in my signature now ...

some told me to "Put your money where your mouth is"

I started with a balance of CAD $520. I would like to see how far I can take this by the end of the year... hopefully not to zero lol
  • #694
  • Feb 28, 2011 6:52pm Feb 28, 2011 6:52pm
Buy: 1.3810

Closed all for +15 pips

But the setups tend to occur around 45mins before Asia open now.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.jpg Size: 218 KB
  • #695
  • Feb 28, 2011 6:58pm Feb 28, 2011 6:58pm
Hey PP, thanks for sharing, I will sure test this this method out to see how it really works.

Thanks

Quoting PurePrice
Attachment Here is a system that you will love.

It is simple and very effective.

1- Follow the rules in the PDF. You can read them below as well...

2- Watch the screen a few days.

3- Practise the method.

4- Exercise good money management (1% - 2% per trade)

5- Make pips.

6- Do it all over again.

Will post tomorrow morning during NY open. but for those of you in EU/London .. you can get a head start on us here in NY time zone

For those of you who are having difficulty reading the PDF, here it is

[center][font=Calibri]PASS...
  • #696
  • Feb 28, 2011 7:10pm Feb 28, 2011 7:10pm
Quoting maneck35
Buy: 1.3810

Closed all for +15 pips

But the setups tend to occur around 45mins before Asia open now.

Nice work maneck .. I got in this one way late and now I am paying dearly for it lol
  • #697
  • Feb 28, 2011 7:23pm Feb 28, 2011 7:23pm
I must say you have a wonderful and easy system to follow. Also the idea of posting possible trades and previous ones is very helpful. Thanks for all your effort.
Bay The earth is the Lord's and the fullness thereoff.
  • #698
  • Feb 28, 2011 7:26pm Feb 28, 2011 7:26pm
Hi Guys, grabbed this long for around 8 pips, could have been a few more, but 8 is 8!

A question PP, would the marked arrow trade been a valid one as per rules, or is the 48MA too far away?

Pete

Attached Image (click to enlarge)
Click to Enlarge Name: GU1.PNG Size: 25 KB
  • #699
  • Feb 28, 2011 8:25pm Feb 28, 2011 8:25pm
Quoting pedross
Hi Guys, grabbed this long for around 8 pips, could have been a few more, but 8 is 8!

A question PP, would the marked arrow trade been a valid one as per rules, or is the 48MA too far away?

Pete

Attachment

I would say EMA48 is too far in this case, and i am glad you saw that, and good on you for the 8 pip gain
  • #700
  • Feb 28, 2011 8:26pm Feb 28, 2011 8:26pm
are converging ... I prefer going long on these pairs
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