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5-min PASS (Price Action Scalper System)

  • #981
  • Mar 7, 2011 2:04pm Mar 7, 2011 2:04pm
Quoting PurePrice
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.
Alright thanks PurePrice (PurePips )
  • #982
  • Mar 7, 2011 2:10pm Mar 7, 2011 2:10pm
shud those 3 emas tangle-up [at least cross one another] before they take off to constitute a valid entry? or they just pass close enuf ?
  • #983
  • Mar 7, 2011 2:32pm Mar 7, 2011 2:32pm
You guys are busy catching those pips running around on the charts.I missed them all because of work.
With God all things are possible.
  • #984
  • Mar 7, 2011 4:14pm Mar 7, 2011 4:14pm
Quoting newjv
i echoed u.. almost 50 pips! coool.
Congrats on the 50

Which ones? Can you post chart so we can all learn?
  • #985
  • Edited 4:36pm Mar 7, 2011 4:20pm | Edited 4:36pm
Again, I am a big fan of real-time charts and trades, and do not believe in posting stuff that already happened and "pretend" that I caught the move AFTER it had already happened in history and in hindsight. BUT, if you are unable to show the chart in real-time, we need to see the chart and the trade results at least after the fact

I see alot of other threads where poeple say I took this many pips and that much money using this setup or that setup, but no proof that they actually took any of those trades. Or they just don't show trades that went against them or against the setup for a loss.

We are here to learn from our mistakes and from each other, and not really trying to convince anyone that this system or that systems works. In the end we all want to be successful at trading. So, please do yourself a big favour and be honest with yourself and everyone else by not hiding any of the results. I want to see positive and negative results, and I do not mind if this systems causes you losses (and it WILL), I just want to improve the sysem with all of you with REAL RESULTS, not some fake numbers. Pleas do not misunderstand the point here, I am not trying to offend anyone or call anyone a liar, I am just trying to present honest reults and want everyone else to do the same.

If I offended you, then I apologize, but rest assured I am not trying to offend anyone by any way, shape or form. Thank you all for your understanding
  • #986
  • Mar 8, 2011 12:26am Mar 8, 2011 12:26am
We'll see how this one goes...

Pete

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  • #987
  • Mar 8, 2011 12:53am Mar 8, 2011 12:53am
Too close to the round number and price bounced. Also a double bottom formed after the short was taken...

Pete
  • #988
  • Mar 8, 2011 2:52am Mar 8, 2011 2:52am
Hi PP,

Thanks for this wonderful system. Was reading this thread since 2 weeks ago and managed to set everything up today for a trial run. Managed to short EU after it cross the 1st fractual by 2 pips and the S1 line. Hoping to pocket some pips.
Attached Image (click to enlarge)
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  • #989
  • Mar 8, 2011 2:57am Mar 8, 2011 2:57am
Quoting pedross
Too close to the round number and price bounced. Also a double bottom formed after the short was taken...

Pete
hi,
it was also during asian session.. Itīs highly recommended to trade only in London and N.Y. session becouse the trades arenīt simply so tricky...
Lose small, WIN BIG..
  • #990
  • Mar 8, 2011 3:44am Mar 8, 2011 3:44am
Quoting Pmg.g
hi,
it was also during asian session.. Itīs highly recommended to trade only in London and N.Y. session becouse the trades arenīt simply so tricky...
Thanks pmg, will take on board

Pete
  • #991
  • Mar 8, 2011 6:34am Mar 8, 2011 6:34am
Quoting reddot
Hi PP,

Thanks for this wonderful system. Was reading this thread since 2 weeks ago and managed to set everything up today for a trial run. Managed to short EU after it cross the 1st fractual by 2 pips and the S1 line. Hoping to pocket some pips.
Hi, why don't sell at the first fractal that's your stop loss line there, i think it fullfill the cross line and HK candle signal :s
  • #992
  • Mar 8, 2011 6:38am Mar 8, 2011 6:38am
Quoting reddot
Hi PP,

Thanks for this wonderful system. Was reading this thread since 2 weeks ago and managed to set everything up today for a trial run. Managed to short EU after it cross the 1st fractual by 2 pips and the S1 line. Hoping to pocket some pips.

This is good one for 30+ pips now .. get out at even 13900
  • #993
  • Mar 8, 2011 6:40am Mar 8, 2011 6:40am
Quoting reddot
Hi PP,

Thanks for this wonderful system. Was reading this thread since 2 weeks ago and managed to set everything up today for a trial run. Managed to short EU after it cross the 1st fractual by 2 pips and the S1 line. Hoping to pocket some pips.

Would hae condsidered an entry around 13970-13960... but i am talking in hindsight now and wasnt there to watch the marke at the time, nevertheless, still good trade for 30 pips
  • #994
  • Mar 8, 2011 6:59am Mar 8, 2011 6:59am
I am short this pair now
  • #995
  • Mar 8, 2011 7:00am Mar 8, 2011 7:00am
Quoting PurePrice
I am short this pair now
chart below
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  • #996
  • Mar 8, 2011 7:00am Mar 8, 2011 7:00am
Wow! Amazing short on GBPJPY. Closed with 11 pips profit in less than 5 minutes!

Thanks PurePrice!
  • #997
  • Mar 8, 2011 7:05am Mar 8, 2011 7:05am
GBPJPY still going down. I just missed another chunky amount of pips
  • #998
  • Mar 8, 2011 7:12am Mar 8, 2011 7:12am
Nice system PurePrice, have you tried this with 5 pip renkos? Makes it a little easier to read...
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  • #999
  • Mar 8, 2011 7:13am Mar 8, 2011 7:13am
Just hit TP+25 almost hit my SL though lucky me
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  • #1,000
  • Mar 8, 2011 7:25am Mar 8, 2011 7:25am
Quoting Sarj
Nice system PurePrice, have you tried this with 5 pip renkos? Makes it a little easier to read...
Thanks Sarj

Never tried with Renko charts... I an't get my head around how thry work really. I believe you have to do some offline chsrts, etc etc. If you don't mind, can you please elaborate on this renko charting method? this wil help me and the group, and we can all try it together maybe?

Thanks
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