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5-min PASS (Price Action Scalper System)

  • #1,241
  • Mar 16, 2011 4:38pm Mar 16, 2011 4:38pm
wow, that is the most pip movement (over 400 pips in lik3 15 minutes) I have seen since I started in FOREX

The nuclear reactor must have just blown or something crazy liek that happned to cause this gigantic move in JPY
  • #1,242
  • Mar 16, 2011 4:49pm Mar 16, 2011 4:49pm
that chart was exactly your post #14.and i believe you had 2 long enteries as it shows in your post.
was SL correct?
regards
fred
Quoting PurePrice
It "looks" like a god entry without seeing the rest of the chart in history. Also, it appears to be taken after market closing in NY. I would not trade this pair at this time.
  • #1,243
  • Mar 16, 2011 5:22pm Mar 16, 2011 5:22pm
Quoting fredgold3434
that chart was exactly your post #14.and i believe you had 2 long enteries as it shows in your post.
was SL correct?
regards
fred

Again, without seeing the whole chart and PA, yes, it looks like a good place to put your initial SL
  • #1,244
  • Mar 16, 2011 9:12pm Mar 16, 2011 9:12pm
pretty crazy out there with jpy getting some nice action

Anyone doing any trading in these crazy markets??
  • #1,245
  • Mar 16, 2011 9:30pm Mar 16, 2011 9:30pm
Quoting PurePrice
pretty crazy out there with jpy getting some nice action

Anyone doing any trading in these crazy markets??

it is difficult to see the chart when you are tying to fit a range of 400 pips on one 5-min chart .... a 20 pip movment looks so insignificant on the chart
  • #1,246
  • Mar 16, 2011 10:30pm Mar 16, 2011 10:30pm
watch PA closely, as EMAs haave converged and a fractal down formed
  • #1,247
  • Mar 16, 2011 10:36pm Mar 16, 2011 10:36pm
Quoting PurePrice
watch PA closely, as EMAs have converged and a fractal down formed
Here is the setup chart
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 32 KB
  • #1,248
  • Mar 16, 2011 10:40pm Mar 16, 2011 10:40pm
Both the EURUSD and EURJPY pairs are moving sideways before the ultimate.
With God all things are possible.
  • #1,249
  • Mar 16, 2011 10:43pm Mar 16, 2011 10:43pm
Quoting Dehyah
Both the EURUSD and EURJPY pairs are moving sideways before the ultimate.

ya think they are going up or down??

loks like eurjpy is having a hard time going below 110.00 again
  • #1,250
  • Mar 16, 2011 10:46pm Mar 16, 2011 10:46pm
Quoting PurePrice
ya think they are going up or down??

loks like eurjpy is having a hard time going below 110.00 again


I am hoping for the eurjpy to get knocked back down about 400 pips back down to 106 .. I am holding my breath on this one
  • #1,251
  • Mar 16, 2011 10:48pm Mar 16, 2011 10:48pm
Quoting PurePrice
ya think they are going up or down??

loks like eurjpy is having a hard time going below 110.00 again
Yeah.EURJPY is fighting to go down.
With God all things are possible.
  • #1,252
  • Mar 16, 2011 10:55pm Mar 16, 2011 10:55pm
Quoting Dehyah
Yeah.EURJPY is fighting to go down.

usdjpy getting closer, almost triggered my sell stop
  • #1,253
  • Mar 16, 2011 10:58pm Mar 16, 2011 10:58pm
Quoting PurePrice
usdjpy getting closer, almost triggered my sell stop
not sure if this is gonna be a sustained move down, or just stop hunting
  • #1,254
  • Mar 16, 2011 10:59pm Mar 16, 2011 10:59pm
Quoting Dehyah
Yeah.EURJPY is fighting to go down.

eurjpy has peeked a couple times below 110 .. hmmmm
  • #1,255
  • Mar 16, 2011 11:00pm Mar 16, 2011 11:00pm
The USDJPY is not included in my trading pair.
After all the excitement earlier today,I think the market is in recovery mode.
With God all things are possible.
  • #1,256
  • Mar 16, 2011 11:02pm Mar 16, 2011 11:02pm
Quoting PurePrice
eurjpy has peeked a couple times below 110 .. hmmmm

same goes for usdjpy and 79.00
  • #1,257
  • Mar 16, 2011 11:03pm Mar 16, 2011 11:03pm
Quoting Dehyah
The USDJPY is not included in my trading pair.
After all the excitement earlier today,I think the market is in recovery mode.

I dont normally trade this pair as it is sooo slooow usually, however, today with the Japanese Nuclear crisis, it has been crazy
  • #1,258
  • Mar 16, 2011 11:05pm Mar 16, 2011 11:05pm
Quoting PurePrice
I dont normally trade this pair as it is sooo slooow usually, however, today with the Japanese Nuclear crisis, it has been crazy

it is midnight here, and I am exhausted, i just can't not watch this tonight .. I need to get some pips out of the next move
  • #1,259
  • Mar 16, 2011 11:11pm Mar 16, 2011 11:11pm
Quoting PurePrice
Here a chart of usdjpy today .. it is actually down over 300 pips today

688 pip move!


cheers
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_JPY.jpg Size: 66 KB
  • #1,260
  • Mar 16, 2011 11:12pm Mar 16, 2011 11:12pm
It is after 11 pm in Ja,we stop using day light saving time here.
With God all things are possible.
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