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5-min PASS (Price Action Scalper System)

  • #881
  • Mar 3, 2011 7:05am Mar 3, 2011 7:05am
Quoting PurePrice
Here is the live chart

SL hit .. damn that was a bad spike
  • #882
  • Mar 3, 2011 7:07am Mar 3, 2011 7:07am
NZDUSD going down
  • #883
  • Mar 3, 2011 7:28am Mar 3, 2011 7:28am
Quoting fchaman
Took euro l0ng @1.3870 SL 1.3857
SL hit!

I wish there was an EA where I could scale-out, like set initial SL at -15 pips, then close 0.1 lot at +15pips...bring the remaining lots to breakeven +1 pips...close another lots at +15 pips, then trail-stop the last trade at +15pips...is there any EA like that?
  • #884
  • Mar 3, 2011 7:33am Mar 3, 2011 7:33am
Quoting PurePrice
NZDUSD going down
Just hit SL with the sudden spike....anyway still on demo learning this great system
  • #885
  • Mar 3, 2011 7:53am Mar 3, 2011 7:53am
EJ long setup...i didnīt take it coz it was instantly after news...
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 26 KB
Lose small, WIN BIG..
  • #886
  • Mar 3, 2011 8:28am Mar 3, 2011 8:28am
Well, a day full of news and spikes against me so far ... I totally missed the 8:30 setup as I was dropping my daughter off at school, as is teh case everyday. That is why I normally try to get a trade in before 8:30 sinc eI wake up at 7:00 and I end up getting burnt by the time the market opens.

My issue is time, I have to drop off my daughter at school before 8:30, and I have to be at work for 9:00 to 5:30. so there goes NY. I sleep during eu/london, and i spend time with family (and I do not like trading) during the Tokyo session. That is why I need traders who have time to help me out prove this system works

Anyway, tomorrow at end of NY, I expect people to show their weekly profit/loss numbers .. good luck to all
  • #887
  • Mar 3, 2011 8:30am Mar 3, 2011 8:30am
Quoting pedross
Hi PP, could you clarify this please?

Am I right in assuming that this trade would not be taken since the 15M and 1H MA's are in long mode?

If the 15M and 1H MA's were confirming a short, which fractal (1 or 2) would you use to initate a trade at 3?

Cheers,

Pete

Attachment
Fractal 2 would be the level I would want to see broken to get into the trade short. I would certainly put some weight on fractal 1 as a possible bounce point since it may act as temporary support
  • #888
  • Mar 3, 2011 8:32am Mar 3, 2011 8:32am
Quoting fchaman
SL hit!

I wish there was an EA where I could scale-out, like set initial SL at -15 pips, then close 0.1 lot at +15pips...bring the remaining lots to breakeven +1 pips...close another lots at +15 pips, then trail-stop the last trade at +15pips...is there any EA like that?
Hi fchaman,

recently I found this tool, unfortunately have not test it quite enough, you have to test and play to see if it fills your needs (I think there is more info about managing trades and tool setup on web - just search for its name) - please let us know then (your tips and tricks)

enjoy
Attached File(s)
File Type: ex4 Forex_Trading_Troll_v2.ex4   21 KB | 513 downloads
  • #889
  • Mar 3, 2011 8:32am Mar 3, 2011 8:32am
We have some more news out of USA at 10:00 with ISM Manufacturing numbers coming out.

I will try to make some pips after that, to make up for my losses this morning, hopefully
  • #890
  • Mar 3, 2011 8:38am Mar 3, 2011 8:38am
Maybe one of those EAīs will do that job

http://forex-strategies-revealed.com...iling-stop-eas

There is also a Partial close EA from a Broker , i guess it was IBFX, maybe its worth if you google for it
  • #891
  • Mar 3, 2011 8:59am Mar 3, 2011 8:59am
has retraced quite a few pips from the high it made a few minutes ago, and we maybe able to get in long again on re-entry, if the news comes out bad for USD. We have a fractal up formed already at 13950. Lets see if we break this to the upside
  • #892
  • Mar 3, 2011 9:16am Mar 3, 2011 9:16am
looks liek eurusd is breaking up again, and has broken the mini countertrendline (drawn between the two previous upfractals). We need it to close above the mini countertrendline, and I wll go long for about 30 pips to previous swing high as first TP
  • #893
  • Mar 3, 2011 4:19pm Mar 3, 2011 4:19pm
Will Japanese traders try to reverse the move in NY, or will they try to follow the lead of Ny and push the prices in the same direction we saw in NY?
  • #894
  • Mar 3, 2011 4:31pm Mar 3, 2011 4:31pm
Quoting PurePrice
Will Japanese traders try to reverse the move in NY, or will they try to follow the lead of Ny and push the prices in the same direction we saw in NY?
Obiously our EMAs are lined up LONG on the eurjpy and gbpjpy, which is what I would look at trading during Tokyo. Note that these two pairs have been stuk in a tight ranging channel of about 30 pips since the big rally at 8:30 ... this tight 30-pip range is bound to be broken out of, and I am guessing it will happen as soon as asian traders start piling money into the market again.

If you can be in front of your screen jus tbefore Asian open and shortly after, you might get a chance to bank some pips here
  • #895
  • Mar 3, 2011 4:32pm Mar 3, 2011 4:32pm
Quoting PurePrice
Obiously our EMAs are lined up LONG on the eurjpy and gbpjpy, which is what I would look at trading during Tokyo. Note that these two pairs have been stuk in a tight ranging channel of about 30 pips since the big rally at 8:30 ... this tight 30-pip range is bound to be broken out of, and I am guessing it will happen as soon as asian traders start piling money into the market again.

If you can be in front of your screen jus tbefore Asian open and shortly after, you might get a chance to bank some pips here

Ditto for eurusd
  • #896
  • Mar 4, 2011 2:43am Mar 4, 2011 2:43am
unfortunately iīve been just on my way to the school
Attached Image (click to enlarge)
Click to Enlarge Name: missed gu.gif Size: 30 KB
Lose small, WIN BIG..
  • #897
  • Mar 4, 2011 4:53am Mar 4, 2011 4:53am
Poor 8+ pips on oil...it will fall @ 115,00 but im too afraid of tricky Libya...
Lose small, WIN BIG..
  • #898
  • Mar 4, 2011 8:18am Mar 4, 2011 8:18am
look for eurusd to go up again past 13980 back to 1.4000
  • #899
  • Mar 4, 2011 8:31am Mar 4, 2011 8:31am
I bought eurjpy instead of eurusd ?????????????

How in the hell did I do that ??

Don't trade without having your coffee first
  • #900
  • Mar 4, 2011 8:34am Mar 4, 2011 8:34am
now I am in long the correct currency EURUSD @ 1.3980, first TP 1.4000
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