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5-min PASS (Price Action Scalper System)

  • #961
  • Mar 7, 2011 9:45am Mar 7, 2011 9:45am
most everything is going down, except for the pair I actually shorted (the eurusd), it is staying put this is amazing
  • #962
  • Mar 7, 2011 9:47am Mar 7, 2011 9:47am
Quoting PurePrice
most everything is going down, except for the pair I actually shorted (the eurusd), it is staying put this is amazing

I assume it wil follow suit soon .... we wait
  • #963
  • Mar 7, 2011 10:19am Mar 7, 2011 10:19am
Quoting PurePrice
I assume it wil follow suit soon .... we wait

eurusd is moving down ...
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 39 KB
  • #964
  • Mar 7, 2011 10:26am Mar 7, 2011 10:26am
Quoting PurePrice
eurusd is moving down ...
This is a great system, thanks for sharing it. In the trade you put in, in the chart you posted could you tell me why you went in where you did, was that an early entry?
  • #965
  • Mar 7, 2011 10:36am Mar 7, 2011 10:36am
took profits early as this market is just weird
  • #966
  • Mar 7, 2011 10:48am Mar 7, 2011 10:48am
SHORT re-entry
  • #967
  • Mar 7, 2011 10:51am Mar 7, 2011 10:51am
Quoting PurePrice
SHORT re-entry

here is the short trade entry
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 36 KB
  • #968
  • Mar 7, 2011 10:53am Mar 7, 2011 10:53am
Quoting PurePrice
SHORT re-entry

Trade chart
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 34 KB
  • #969
  • Mar 7, 2011 11:03am Mar 7, 2011 11:03am
Quoting PurePrice
Trade chart
Where is your target PP?
  • #970
  • Mar 7, 2011 11:18am Mar 7, 2011 11:18am
Quoting fchaman
Where is your target PP?
around 114.60
  • #971
  • Mar 7, 2011 11:20am Mar 7, 2011 11:20am
Quoting ohammond
This is a great system, thanks for sharing it. In the trade you put in, in the chart you posted could you tell me why you went in where you did, was that an early entry?

Yes, this was an early entry, as indicated by the cyan mini counter-trendline
  • #972
  • Mar 7, 2011 11:27am Mar 7, 2011 11:27am
draw your mini ountertrendline and look for short
  • #973
  • Mar 7, 2011 11:33am Mar 7, 2011 11:33am
Quoting PurePrice
draw your mini ountertrendline and look for short

Good for +10 pips .. it is getting late in NY
  • #974
  • Mar 7, 2011 11:43am Mar 7, 2011 11:43am
Quoting PurePrice
Yes, this was an early entry, as indicated by the cyan mini counter-trendline
Ok thanks for the reply I am really surprised how very consistent this is so far.
  • #975
  • Mar 7, 2011 11:54am Mar 7, 2011 11:54am
this demonstrates the power of this system when you get some nice price action going in your favour. this is the trade that I call a "home run" and the reason why you need to leave some of your postion open and may have to leave some profit on the table sometimes, to gain the points of a home run. . here is one on the gbpusd as of this morning.

I really hope someone caught this, BUT I was caught sleeping, as usual and missed this move completely
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 35 KB
  • #976
  • Mar 7, 2011 12:39pm Mar 7, 2011 12:39pm
Hi PP, thanks for your thread, i download the indicators at the page 1 and i found that:

1. I don't have Fractal indicator inside the list .
2. The Pass EMA conv 5 pips EA is grey in color at the EA list and although i open with smile face but seems work nothing ?

Please can you help me on this, thanks alot =]
  • #977
  • Mar 7, 2011 12:51pm Mar 7, 2011 12:51pm
i echoed u.. almost 50 pips! coool.
  • #978
  • Mar 7, 2011 1:30pm Mar 7, 2011 1:30pm
Quoting kewell
Hi PP, thanks for your thread, i download the indicators at the page 1 and i found that:

1. I don't have Fractal indicator inside the list .
2. The Pass EMA conv 5 pips EA is grey in color at the EA list and although i open with smile face but seems work nothing ?

Please can you help me on this, thanks alot =]

1- that is part of the default set of indicators that come with the MT4 platform

2- the EA is grey because you do not have the sourcecode for it, which is just fine. If you have a smiley face, tht means it is running correctly. The EA will alert you when the EMAs are within 5 pips of each other. That is all it does.
  • #979
  • Mar 7, 2011 1:38pm Mar 7, 2011 1:38pm
Quoting PurePrice
1- that is part of the default set of indicators that come with the MT4 platform

2- the EA is grey because you do not have the sourcecode for it, which is just fine. If you have a smiley face, tht means it is running correctly. The EA will alert you when the EMAs are within 5 pips of each other. That is all it does.
Thanks alot for the replied
What do you think about gbp/jpy now, it seems climbing up ?
So we need to wait the alert from EA and see the fractal to entry the buy right ?
Thanks again =]
  • #980
  • Mar 7, 2011 1:43pm Mar 7, 2011 1:43pm
Quoting kewell
Thanks alot for the replied
What do you think about gbp/jpy now, it seems climbing up ?
So we need to wait the alert from EA and see the fractal to entry the buy right ?
Thanks again =]
yes, it seems to be linning up. However, it is late in the trading day and you may not get teh volume needed to move the price mush at this point in time.

Generally you want the EMAs to converge, thenFractal up to form, then price to break the fractal level. Be aware that the 15-min and 60-min EMAs are lined up for SELL, and this lat in the day I would not bet on much movement against the trend. If I was trading this, I would wait till tokyo open to see if this setup develops.
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