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5-min PASS (Price Action Scalper System)

  • #1,041
  • Mar 9, 2011 2:19pm Mar 9, 2011 2:19pm
Quoting pki
i´ve just banked 30 pips

Attachment

Nice work
  • #1,042
  • Mar 9, 2011 2:20pm Mar 9, 2011 2:20pm
Quoting newjv
shud 'entry setup' happen at higher time frames approximately at the same time?

Not necessarily, but if you have that setup, it is a more probable trade, and you may see bigger TP hit.
  • #1,043
  • Edited 5:28pm Mar 9, 2011 5:12pm | Edited 5:28pm
Quoting PurePrice
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...
Yes PP, I know the feeling...got myself in those types of trades that you feel a bit greedy, but the beast bites you

I went long the aussie @ 1.01046...The two major employment news were in favor for this pair...the up fractal is at 1.0131, so based on your system, the long entry should be around 1.0135, but I couldn't resist that massive lower shadow created during the news...it is long aussie!
Attached Image (click to enlarge)
Click to Enlarge Name: aussie.jpg Size: 93 KB
  • #1,044
  • Mar 9, 2011 5:15pm Mar 9, 2011 5:15pm
i love this system so much,because it is working well. i have been here in FF for more than a year and tried alot of systems which they promissed good profits,but in the end no profit at all,just wasting the time.

thank you for your great system.
regards
fred
  • #1,045
  • Mar 9, 2011 7:49pm Mar 9, 2011 7:49pm
Quoting fredgold3434
i love this system so much,because it is working well. i have been here in FF for more than a year and tried alot of systems which they promissed good profits,but in the end no profit at all,just wasting the time.

thank you for your great system.
regards
fred

You are most welcome... I hope you find this system profitable
  • #1,046
  • Mar 9, 2011 7:54pm Mar 9, 2011 7:54pm
The USD strengthens against the AUD,EUR and GBP tonight.Hope you guys got those pips.
With God all things are possible.
  • #1,047
  • Mar 9, 2011 7:54pm Mar 9, 2011 7:54pm
Quoting fchaman
Yes PP, I know the feeling...got myself in those types of trades that you feel a bit greedy, but the beast bites you

I went long the aussie @ 1.01046...The two major employment news were in favor for this pair...the up fractal is at 1.0131, so based on your system, the long entry should be around 1.0135, but I couldn't resist that massive lower shadow created during the news...it is long aussie!

The upfractal looks to be around 1.0118, so entry should be around 1.0120 Long which was never hit ... looks like you went in a bit early. Even with that nice pinbar, the high of that bar was never exceeded. Sorry about your luck
  • #1,048
  • Mar 9, 2011 7:58pm Mar 9, 2011 7:58pm
Quoting Dehyah
The USD strengthen against the AUD,EUR and GBP tonight.Hope you guys got those pips.

nope


i think i was short usd and getting my ass kicked for now

I was doing some revenge trading and got bit again ... recall how I said "lesson learned"?? Well I didnot learn a thing it turns out ...

I am happy that other people that follow this system actually are making pips though
  • #1,049
  • Mar 10, 2011 1:35am Mar 10, 2011 1:35am
It seems there's a potential long entry in this pair. Let's see what happens...
Attached Image (click to enlarge)
Click to Enlarge Name: long USDCHF.png Size: 36 KB
  • #1,050
  • Mar 10, 2011 2:02am Mar 10, 2011 2:02am
Quoting PurePrice
The upfractal looks to be around 1.0118, so entry should be around 1.0120 Long which was never hit ... looks like you went in a bit early. Even with that nice pinbar, the high of that bar was never exceeded. Sorry about your luck
Yep..agreed! I had a tight SL right below the pivot at 1.0095...stopped out around -15pips.
  • #1,051
  • Mar 10, 2011 3:22am Mar 10, 2011 3:22am
Quoting akrasiel
It seems there's a potential long entry in this pair. Let's see what happens...


Finally making a move! By the way how is everyone doing today?
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF buy.png Size: 36 KB
  • #1,052
  • Mar 10, 2011 3:31am Mar 10, 2011 3:31am
Quoting akrasiel
Finally making a move! By the way how is everyone doing today?
I see a short on eurusd in the making ...

I am doing well, thanks. except for the stupid trading habits over the last two days.
  • #1,053
  • Mar 10, 2011 3:33am Mar 10, 2011 3:33am
we have high impact news out of UK in 30 minutes

Markets maybe waiting for that, so beware if u take positions before the news
  • #1,054
  • Mar 10, 2011 3:36am Mar 10, 2011 3:36am
Quoting PurePrice
we have high impact news out of UK in 30 minutes

Markets maybe waiting for that, so beware if u take positions before the news
I have my SL @ BE already on this one, I know it is tight, but news coming out of UK scares me ... I am back to trading very cautiosly cuz I got burnt twice alreadt being careless and stupid. NO MORE
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 36 KB
  • #1,055
  • Mar 10, 2011 3:39am Mar 10, 2011 3:39am
Quoting PurePrice
I have my SL @ BE already on this one, I know it is tight, but news coming out of UK scares me ... I am back to trading very cautiosly cuz I got burnt twice alreadt being careless and stupid. NO MORE

TP1 set at 13806
  • #1,056
  • Mar 10, 2011 3:43am Mar 10, 2011 3:43am
Quoting akrasiel
Finally making a move! By the way how is everyone doing today?
These two pairs are perfectly inveresly corelated. So choosing long usdchf is similar to short eurusd. Wht i chose eurusd over usdchf in this case because there is more pips in the eurusd trade until th eprice hits last swing. (13830-13801) .. in usdcfh is only (9335-9348)
  • #1,057
  • Mar 10, 2011 3:50am Mar 10, 2011 3:50am
Quoting PurePrice
I see a short on eurusd in the making ...

I am doing well, thanks. except for the stupid trading habits over the last two days.
Glad to hear you're doing well. Oh, actually I forgot to thank you for sharing such an effective and consistent strategy. Man, this is superb! Adopting this way of trading and keep practicing until becoming consistent one can easily achieve the 10% weekly return you were talking about a few days ago. Well done
  • #1,058
  • Mar 10, 2011 3:54am Mar 10, 2011 3:54am
M15 and H1 seem to be in line with the bias. What do you guys think?
  • #1,059
  • Mar 10, 2011 3:55am Mar 10, 2011 3:55am
image attached
Attached Image (click to enlarge)
Click to Enlarge Name: EJ possible short.png Size: 38 KB
  • #1,060
  • Mar 10, 2011 4:53am Mar 10, 2011 4:53am
Quoting akrasiel
Glad to hear you're doing well. Oh, actually I forgot to thank you for sharing such an effective and consistent strategy. Man, this is superb! Adopting this way of trading and keep practicing until becoming consistent one can easily achieve the 10% weekly return you were talking about a few days ago. Well done

Thanks for the positive feedback and encouraging words.

I hope you can achieve the 10% weekly goal
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