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5-min PASS (Price Action Scalper System)

  • #1,181
  • Mar 14, 2011 8:03am Mar 14, 2011 8:03am
Quoting desiboy
Hi
anyone using FXPRO as broker can you please leave any comments. I was think of using them for live.. I use FXCM and the spread is high.. I am using the demo of Fxpro but get lot of rejected alot when I am closing a profit trade but on demo...so if any using them as live ..please comment.. well I am in canada

I have real account by FxPro, you have to change the "Maximum deviation" in the Order Mask and mark the "Enable maximum deviation......." , I use 3 pips, so the Broker can slip you , because they can't give you the exact price if your request come in and the price move already.

I execute all trades by scripts, so I will be quicker and I use the "visual order editor" EA for move my stops and TP in the chart, that's all work at FxPro.

take a look at the lotsize, the smallest one is 0.1, so you can't trade smaller then 1$ / pip at the forex market, so if you risk 1% at a 1000$ account you have only 10 pips SL, careful !

cheers
  • #1,182
  • Mar 14, 2011 8:29am Mar 14, 2011 8:29am
Quoting punisher
after the EMA's cross, we trade the next fractal, because that is a pullback system after we have a confirm from the EMA's there is a trend in the open chart M5 and the higher TF's

please read the whole thread, start at post #1 and after Study you will understand.

cheers
Sorry, but I have been trading this successfully since the thread began and on a live account for the last 2 weeks so don't think I need to read the thread again.
You can also use an early entry, using trendlines, the ma's had already been up before Frankfurt and London did their normal messing about, and then it turned and went through the trendline made by Asia, and the last up fractal so I think it was a genuine trade taking everything into account.
  • #1,183
  • Edited 8:55am Mar 14, 2011 8:53am | Edited 8:55am
Quoting ohammond
Sorry, but I have been trading this successfully since the thread began and on a live account for the last 2 weeks so don't think I need to read the thread again.
You can also use an early entry, using trendlines, the ma's had already been up before Frankfurt and London did their normal messing about, and then it turned and went through the trendline made by Asia, and the last up fractal so I think it was a genuine trade taking everything into account.

that's fine, and if it's work for you do it again and again.

but this is not an early entry for this system,
that is too far to draw some trendlines and the priceaction show me a new direction , not only a pullback for this small TF.
the early entry will be at the GMT 09:20 candle. all other will be not save enough.

but again if it work for you ok , but for the follower here at this thread I think this was not a good sample for an entry.


cheers
  • #1,184
  • Mar 14, 2011 9:07am Mar 14, 2011 9:07am
@ ohammond,

but thanks very much for you show us your trades, so we can learn and have some to discuss.

thanks again and happy trading for you and all here

cheers
  • #1,185
  • Mar 14, 2011 9:13am Mar 14, 2011 9:13am
Quoting punisher
@ ohammond,

but thanks very much for you show us your trades, so we can learn and have some to discuss.

thanks again and happy trading for you and all here

cheers
ditto
  • #1,186
  • Mar 14, 2011 11:14am Mar 14, 2011 11:14am
check out usdchf and usdjpy short entry now
  • #1,187
  • Mar 14, 2011 11:15am Mar 14, 2011 11:15am
Quoting PurePrice
check out usdchf and usdjpy short entry now

short usdjpy below 81.70
  • #1,188
  • Mar 14, 2011 11:42am Mar 14, 2011 11:42am
I have been having issues tryign to log inot FF today, and my myfxbook account is all messed up and can't get it to update, etc.

Maybe someone hacked my account??? lol
  • #1,189
  • Mar 14, 2011 11:54am Mar 14, 2011 11:54am
Quoting PurePrice
short usdjpy below 81.70
Take profit 1 @ 9235 on usdchf for +20
  • #1,190
  • Mar 14, 2011 11:56am Mar 14, 2011 11:56am
Quoting PurePrice
Take profit 1 @ 9235 on usdchf for +20
That is S2 (=0.9230) on my chart
  • #1,191
  • Mar 14, 2011 12:42pm Mar 14, 2011 12:42pm
Hee guys.

I was getting tired of unnecessary remarks on my chart and if you think the same, attached is the Heiken Smoothed WITHOUT the annoying marketing lines.

You will have to reload all your indis on a clean chart, because by simply removing the old indi on my chart it did not disappear.

When everything is the way you like it, then simply save the chart as a new TPL.
Attached File(s)
File Type: ex4 Heiken Smoothed.ex4   5 KB | 615 downloads
  • #1,192
  • Mar 14, 2011 1:15pm Mar 14, 2011 1:15pm
Quoting Freddyfx
Hee guys.

I was getting tired of unnecessary remarks on my chart and if you think the same, attached is the Heiken Smoothed WITHOUT the annoying marketing lines.

You will have to reload all your indis on a clean chart, because by simply removing the old indi on my chart it did not disappear.

When everything is the way you like it, then simply save the chart as a new TPL.
Thank you Freddy

Is this legal though ???
  • #1,193
  • Mar 14, 2011 3:01pm Mar 14, 2011 3:01pm
you got mail
  • #1,194
  • Mar 14, 2011 4:27pm Mar 14, 2011 4:27pm
Is anyone planning on entering this trading challange? It is free to enter, and you could win some god money if you are one of the top 3 winners. Check out, you may be interested. It starts March 15 and runs for a month on demo, and if you are one of top 10 winners in demo you go on to live contest, and if you are the top wniner in live, you win $10K. There are prizes for second and third place winners too

I am trying to download their plaform and EA, but so far it is not available yet. Maybe later on I dunno.
  • #1,195
  • Mar 14, 2011 4:28pm Mar 14, 2011 4:28pm
Quoting Freddyfx
you got mail

I do not have anything other than the one with Gann suff. I am not a big fan of Gann sorry.
  • #1,196
  • Mar 14, 2011 9:42pm Mar 14, 2011 9:42pm
wow, lotsa action tonight, and lotsa PASS setups on almost all pairs
  • #1,197
  • Mar 14, 2011 9:56pm Mar 14, 2011 9:56pm
Quoting PurePrice
wow, lotsa action tonight, and lotsa PASS setups on almost all pairs
I just came on and the USD strengthens against the AUD, EUR and GBP.The YEN also strengthens against rhe EUR;there was a spike a while ago.Did you take any?
With God all things are possible.
  • #1,198
  • Edited 4:48am Mar 15, 2011 4:33am | Edited 4:48am
A nice short on GU. I've just taken part of the profits and now it's a free trade. I hope you are all doing well and grabbing handfuls of pips out of the market.
Attached Image (click to enlarge)
Click to Enlarge Name: GU short.png Size: 50 KB
  • #1,199
  • Mar 15, 2011 10:10am Mar 15, 2011 10:10am
Quoting akrasiel
A nice short on GU. I've just taken part of the profits and now it's a free trade. I hope you are all doing well and grabbing handfuls of pips out of the market.

Nice setup akrasiel. It looks it had been in a down move for a LONG time before you went in, and still tanked for about 50+ pips past the point you got in.

How did you do at the end of this trade??

I am interested in teh indiator you have on your chart with multitime frame .. what is that ?? I see alot of red obviously signalling short, but what is it? If you can post it would be great.

Thanks,
PP
  • #1,200
  • Mar 15, 2011 10:41am Mar 15, 2011 10:41am
Hello PurePrice,
I'm not at home right now, so I don't have the chance to post the indicator. I'll post it in a couple of hours and I'll explain in detail the use I make of it etc.
Hope you had a profitable day.

Regards,
akrasiel
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