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5-min PASS (Price Action Scalper System)

  • #1,021
  • Mar 8, 2011 12:36pm Mar 8, 2011 12:36pm
hi pp

what do you think about the setup in the red rectangle? i guess emas are all
close enuf, but fractals did not turn up. Well.. there was an attempt to
form the fractal.. but 5th bar crossed over the 3rd one. Is that a valid entry..
with all the emas together and a whacky-fractal?

maybe i can use fractals from earlier.. fractals before emas were converging..
what do you think?

[hopefully this chart helps... if not.. i will post a zoomed-up version.]
Attached Image (click to enlarge)
Click to Enlarge Name: Pp.JPG Size: 36 KB
  • #1,022
  • Mar 8, 2011 3:29pm Mar 8, 2011 3:29pm
Quoting newjv
hi pp

what do you think about the setup in the red rectangle? i guess emas are all
close enuf, but fractals did not turn up. Well.. there was an attempt to
form the fractal.. but 5th bar crossed over the 3rd one. Is that a valid entry..
with all the emas together and a whacky-fractal?

maybe i can use fractals from earlier.. fractals before emas were converging..
what do you think?

[hopefully this chart helps... if not.. i will post a zoomed-up version.]

You could take this as a re-entry .. please see post # 912-914 for those
  • #1,023
  • Mar 8, 2011 3:30pm Mar 8, 2011 3:30pm
Just noticed we have exceeded 1000 posts today in this thread ... Keep up the good work guys and keep posting for all of us to learn
  • #1,024
  • Mar 8, 2011 7:00pm Mar 8, 2011 7:00pm
Quoting chaveznqoos
Sorry guys ,for me work fine .
I do not understand the problem
Ok;
Problem solved

Please ensure you install the stratman.fon (font file included in zip download) in C/WINDOWS/Fonts. The charts will not display correctly if not.


Sorry guys.
Attached File(s)
File Type: zip pipware-minichart-v3.0.zip   29 KB | 541 downloads
  • #1,025
  • Mar 8, 2011 7:00pm Mar 8, 2011 7:00pm
Quoting kewell
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
Hi Kewell,

There is a support line which I wait for the price to break thru before entering.
  • #1,026
  • Mar 8, 2011 7:13pm Mar 8, 2011 7:13pm
Quoting PurePrice
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
I missed out the first divergence and took the second one as a reference instead. Thanks for your advice. will go for the first divergence next time. I living in asia. Am able to trade tokoyo session, however it is not as trendy as Lon or US timings so far I notice. Need to fine tune my trading time since I am still working.
  • #1,027
  • Mar 9, 2011 1:45am Mar 9, 2011 1:45am
Hello Pure Price

Excellent system with good chance for consistent profit , Please can you kindly update the entry reentry rules on the first page plz. ( I have read the entire thread and I know you have those in one of the posts)

Also if you update on the first page your notes about trades to avoid that would be perfect.

Thanks
  • #1,028
  • Mar 9, 2011 4:27am Mar 9, 2011 4:27am
iīve just banked 16 pips )
Attached Image (click to enlarge)
Click to Enlarge Name: 03-09 16pips.gif Size: 22 KB
Lose small, WIN BIG..
  • #1,029
  • Mar 9, 2011 4:55am Mar 9, 2011 4:55am
Quoting Pmg.g
iīve just banked 16 pips )
i dont think u can trade in these crazy ranges. respect u got guts.
  • #1,030
  • Mar 9, 2011 5:07am Mar 9, 2011 5:07am
Quoting iezzzwan
i dont think u can trade in these crazy ranges. respect u got guts.
the whole number was quite certain... thats why iīve closed it @ 16 pips gain and didnīt wait for more..
Lose small, WIN BIG..
  • #1,031
  • Mar 9, 2011 6:34am Mar 9, 2011 6:34am
iīve just banked 30 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDup.jpg Size: 149 KB
  • #1,032
  • Mar 9, 2011 7:21am Mar 9, 2011 7:21am
Quoting Pmg.g
the whole number was quite certain... thats why iīve closed it @ 16 pips gain and didnīt wait for more..
Don't mind a newbie question, what does it mean "whole number" ? I have seen this been mentioned in this thread
  • #1,033
  • Mar 9, 2011 7:42am Mar 9, 2011 7:42am
My trades on AUDUSD this morning.

I had added one more lot as depicted in the snapshots. Total +50 pips for the day

Entry was at 1.0084 and 1.0094...Both lots booked profit at 1.0015..I had kept the resting TP order at R1 and moved away from the screen. Just came back to see positions booked in profits.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU.png Size: 57 KB
Click to Enlarge Name: AU_2.png Size: 57 KB
Click to Enlarge Name: AU_001.png Size: 58 KB
Click to Enlarge Name: AU_002.png Size: 51 KB
  • #1,034
  • Mar 9, 2011 7:44am Mar 9, 2011 7:44am
Pureprice....just noticed on your myfxbook link that is in your signature you lost a trade today? I wonder if you could post them so we can perhaps learn from them as you have trades set at private in there so we can't see them. Only when you have some time obviously. Thanks.
  • #1,035
  • Mar 9, 2011 12:40pm Mar 9, 2011 12:40pm
shud 'entry setup' happen at higher time frames approximately at the same time?
  • #1,036
  • Mar 9, 2011 4:13pm Mar 9, 2011 4:13pm
Quoting ohammond
Pureprice....just noticed on your myfxbook link that is in your signature you lost a trade today? I wonder if you could post them so we can perhaps learn from them as you have trades set at private in there so we can't see them. Only when you have some time obviously. Thanks.

If could go back that far, I would ...

Basiacally, it was eurjpy setup and I had a trade go against me, which is part of the game. It hit my SL for -25 pips. This is normal, and should be expected, as this is not the holy grail and no system out there is. The bad thing was my lot size which killed me. I did not follow my own rules of trading 1-2% risk, I "thought" I knew where the market was headed and increased my risk quite significantly and of course that is the time the trade goes against me.

What we can all learn from this is to follow good money management, expect some losses, stick to the rules, and do not risk more than 2% per trade. Lesson learned
  • #1,037
  • Mar 9, 2011 4:13pm Mar 9, 2011 4:13pm
Quoting chaveznqoos
Ok;
Problem solved

Please ensure you install the stratman.fon (font file included in zip download) in C/WINDOWS/Fonts. The charts will not display correctly if not.


Sorry guys.

Many Thanks Chavez
  • #1,038
  • Mar 9, 2011 4:14pm Mar 9, 2011 4:14pm
Quoting adler
Hello Pure Price

Excellent system with good chance for consistent profit , Please can you kindly update the entry reentry rules on the first page plz. ( I have read the entire thread and I know you have those in one of the posts)

Also if you update on the first page your notes about trades to avoid that would be perfect.

Thanks

Good suggestion. I will take that into consideration and will try an update when I have some time.
  • #1,039
  • Mar 9, 2011 4:16pm Mar 9, 2011 4:16pm
Quoting hagenuk
Don't mind a newbie question, what does it mean "whole number" ? I have seen this been mentioned in this thread

I believe they are referring to a round number with at least double zero (as in 1.3900, 1.4000, 1.6200)
  • #1,040
  • Mar 9, 2011 4:18pm Mar 9, 2011 4:18pm
Quoting ag_fx
My trades on AUDUSD this morning.

I had added one more lot as depicted in the snapshots. Total +50 pips for the day

Entry was at 1.0084 and 1.0094...Both lots booked profit at 1.0015..I had kept the resting TP order at R1 and moved away from the screen. Just came back to see positions booked in profits.

congrats on the 50 big ones
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