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5-min PASS (Price Action Scalper System)

  • #1,201
  • Mar 15, 2011 11:38am Mar 15, 2011 11:38am
Quoting akrasiel
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

Thanks. I am looking forward to seeing it.

I am struggling to find time to trade still. I hate being in NY zone and having a full time day job.
  • #1,202
  • Mar 15, 2011 2:11pm Mar 15, 2011 2:11pm
how to fix this myfxbook not updating?
  • #1,203
  • Mar 15, 2011 2:14pm Mar 15, 2011 2:14pm
converging and maybe going down again soon .. watch closely
  • #1,204
  • Mar 15, 2011 2:25pm Mar 15, 2011 2:25pm
Check your Settings for that particular account on your Myfxbook.com page. (sign in, Settings, Edit)

Check your MetaTrader settings as well....(Tools, Options, Publisher)

Perhaps your info inadvertently got erased, messed up, etc. on one or the other?

You probably have done all of this already.
You could try out Trade Explorer too.
Just trying to help.
  • #1,205
  • Mar 15, 2011 2:27pm Mar 15, 2011 2:27pm
Quoting Intu
Check your Settings for that particular account on your Myfxbook.com page. (sign in, Settings, Edit)

Check your MetaTrader settings as well....(Tools, Options, Publisher)

Perhaps your info inadvertently got erased, messed up, etc. on one or the other?

You probably have done all of this already.
Just trying to help.

Thanks Intu. I will check those settings out, and hopefully figure it out. I appreciate the help.
  • #1,206
  • Mar 15, 2011 2:37pm Mar 15, 2011 2:37pm
Quoting PurePrice
Thanks Intu. I will check those settings out, and hopefully figure it out. I appreciate the help.

Got it .. myfxbook EA settings were messed up .. thanks again Intu
  • #1,207
  • Mar 15, 2011 2:39pm Mar 15, 2011 2:39pm
Quoting PurePrice
Thanks. I am looking forward to seeing it.

I am struggling to find time to trade still. I hate being in NY zone and having a full time day job.

Tell me about it! I also struggle to trade most of the time due to the nature of my job, I work an average 60 hours weekly and I'm lucky enough if I can trade 3 times per week, the only positive thing is that I always manage to trade during London hours since I'm based in the UK.
You were asking me about the indi on the top right side of the picture shown in the previous post. It is called "Multi Meter Candle Color" and it's basically a very simple indicator showing the color of the current candle (green=bullish, red=bearish) for every timeframe. I was using and testing it today as an add-on just to get the hourly, 4-hourly and daily bias. I found it quite useful, especially to work out roughly where the trend is heading without swapping to bigger timeframes all the time.
About my GU short trade: well, same mistake as usual. I closed my entire position with approx. 27 pips profit, although I set the SL to BE taking part of it, then the price went South for another 40! You can get an idea of what I mean from the picture...
Anyway, as you requested there's also the indi attached. I hope you and the other fellow traders find it useful.
Have a good evening!!
Attached Image (click to enlarge)
Click to Enlarge Name: GU missed pips.png Size: 52 KB
Attached File(s)
File Type: ex4 Multi Meter Candle Color.ex4   12 KB | 609 downloads
  • #1,208
  • Mar 15, 2011 4:15pm Mar 15, 2011 4:15pm
Quoting akrasiel
Tell me about it! I also struggle to trade most of the time due to the nature of my job, I work an average 60 hours weekly and I'm lucky enough if I can trade 3 times per week, the only positive thing is that I always manage to trade during London hours since I'm based in the UK.
You were asking me about the indi on the top right side of the picture shown in the previous post. It is called "Multi Meter Candle Color" and it's basically a very simple indicator showing the color of the current candle (green=bullish, red=bearish)...

Thank you akrasiel for posting the indicator.

I am not sure why your SL was triggered at BE, as it looks like (form your posted chart) the price never retraced that far to take out your SL at BE? Am I missing something? Nonetheless, you still banked 27 pips, which is great for someone who has no time to trade
  • #1,209
  • Mar 15, 2011 4:35pm Mar 15, 2011 4:35pm
Quoting akrasiel
Tell me about it! I also struggle to trade most of the time due to the nature of my job, I work an average 60 hours weekly and I'm lucky enough if I can trade 3 times per week, the only positive thing is that I always manage to trade during London hours since I'm based in the UK.
You were asking me about the indi on the top right side of the picture shown in the previous post. It is called "Multi Meter Candle Color" and it's basically a very simple indicator showing the color of the current candle (green=bullish, red=bearish)...
You could at least re-enter at the second bearish candle after retracement.
With God all things are possible.
  • #1,210
  • Mar 15, 2011 4:47pm Mar 15, 2011 4:47pm
this is something I do NOT like doing normally, which is post a "has been" and something in hindsight, however, this pair today showed some nice areas where I can mark entries clearly for possible trades, and it was quite tempting. So, please take a look at the chart below. Have a good night and happy pip hunting to all
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 38 KB
  • #1,211
  • Mar 15, 2011 6:22pm Mar 15, 2011 6:22pm
Quoting PurePrice
Thank you akrasiel for posting the indicator.

I am not sure why your SL was triggered at BE, as it looks like (form your posted chart) the price never retraced that far to take out your SL at BE? Am I missing something? Nonetheless, you still banked 27 pips, which is great for someone who has no time to trade
I must have expressed my concept wrongly. What I meant to say was: I entered the trade at trigger then went to my favour. Once in my favour I liquidated half the position (approx. 15 pips profit) then moved SL to BE. Price went further down and finally I closed the other half 27 pips off the entry point. Then as you can see there was a little retracement and down again. Obviously I could have entered short below the fractal when that small retracement happened, but nevermind. Profit is profit after all.
Goodnight to all!
akrasiel
  • #1,212
  • Mar 15, 2011 10:38pm Mar 15, 2011 10:38pm
I got 25.4 pips from audusd pair.
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 37 KB
With God all things are possible.
  • #1,213
  • Mar 15, 2011 10:47pm Mar 15, 2011 10:47pm
Just break even for .1 pip.
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 37 KB
With God all things are possible.
  • #1,214
  • Mar 15, 2011 11:39pm Mar 15, 2011 11:39pm
Hi PurePrice
thank you again for your great system.i have one question regarding the pivot lines.i dont know when the new day coing up the lines get very close to each other as you see in the pic?? do you have any idea to fix that?
I use Alpari Uk so they dont have sunday candle.
thank you
regards
Fred
Attached Image (click to enlarge)
Click to Enlarge Name: chart4.gif Size: 25 KB
  • #1,215
  • Mar 16, 2011 1:29am Mar 16, 2011 1:29am
Quoting fredgold3434
Hi PurePrice
thank you again for your great system.i have one question regarding the pivot lines.i dont know when the new day coing up the lines get very close to each other as you see in the pic?? do you have any idea to fix that?
I use Alpari Uk so they dont have sunday candle.
thank you
regards
Fred
Change the chart to another timeframe then back again and it fixes it.
  • #1,216
  • Mar 16, 2011 7:19am Mar 16, 2011 7:19am
is anyone seeing any setups on their charts??

I am not seeing much other than audusd for now being the cleanest chart. Every other chart looks pretty messy. Note that the USDJPY is at historical lows, so be careful. Other pairs are stuck at daily lows for now, they might just crack down or they may bounce off the support. let's wait for news out of USA at 8:30 and then decide
  • #1,217
  • Mar 16, 2011 7:21am Mar 16, 2011 7:21am
Quoting PurePrice
is anyone seeing any setups on their charts??

I am not seeing much other than audusd for now being the cleanest chart. Every other chart looks pretty messy. Note that the USDJPY is at historical lows, so be careful. Other pairs are stuck at daily lows for now, they might just crack down or they may bounce off the support. let's wait for news out of USA at 8:30 and then decide

Eurchf is a nice clean chart too .. you may wish to watch that one ... I am watchig that one for sure as I am starting to really like trading this pair.
  • #1,218
  • Mar 16, 2011 7:24am Mar 16, 2011 7:24am
It seems that in this pair the conditions are taking place for a long entry. Just waiting for a good opportunity...
  • #1,219
  • Mar 16, 2011 7:24am Mar 16, 2011 7:24am
Quoting PurePrice
Eurchf is a nice clean chart too .. you may wish to watch that one ... I am watchig that one for sure as I am starting to really like trading this pair.

this pair? u sure?
Attached Image (click to enlarge)
Click to Enlarge Name: ec.jpg Size: 193 KB
  • #1,220
  • Mar 16, 2011 7:29am Mar 16, 2011 7:29am
Quoting kedridder
this pair? u sure?

This pair in geneal , but not necessarily at this point in time for a setup... I like how clean the candles are. That is what I meant
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