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5-min PASS (Price Action Scalper System)

  • #1,261
  • Mar 16, 2011 11:15pm Mar 16, 2011 11:15pm
for people that were asking about setup of trade, sl and tp, please see below
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  • #1,262
  • Mar 16, 2011 11:22pm Mar 16, 2011 11:22pm
Quoting PurePrice
for people that were asking about setup of trade, sl and tp, please see below
I don't even pull the trigger for that one because it moving painfully slow.
With God all things are possible.
  • #1,263
  • Mar 16, 2011 11:25pm Mar 16, 2011 11:25pm
Quoting Dehyah
I don't even pull the trigger for that one because it moving painfully slow.

neither did I, it is Asian session and it is slow, but it is to demonstrate in realtime how I would setup entry, SL and TP.
  • #1,264
  • Mar 16, 2011 11:27pm Mar 16, 2011 11:27pm
Quoting PurePrice
neither did I, it is Asian session and it is slow, but it is to demonstrate in realtime how I would setup entry, SL and TP.

AND we are still trying to get through the round double zero numbers which they are struggling with
  • #1,265
  • Mar 16, 2011 11:30pm Mar 16, 2011 11:30pm
I am beat and I give up .. see you tomorow
  • #1,266
  • Mar 16, 2011 11:32pm Mar 16, 2011 11:32pm
GBPUSD is showing some promise of going up.
With God all things are possible.
  • #1,267
  • Mar 16, 2011 11:34pm Mar 16, 2011 11:34pm
Rest well mi bredda.
With God all things are possible.
  • #1,268
  • Mar 17, 2011 12:17am Mar 17, 2011 12:17am
Quoting Dehyah
GBPUSD is showing some promise of going up.
Just lost .1 pip because I had entered late into this trade.If I had spotted it earlier I could have at least 15 pips.
With God all things are possible.
  • #1,269
  • Mar 17, 2011 4:46am Mar 17, 2011 4:46am
I saw just yesterday about this strategy and it looks very promising. I started trading today with very small amounts and will let you know how I'm doing. Just one more thing to ask, has anyone got an idea what the gross accuracy is of this type of trading? Or does it depend too much on which currency your trade and how you use the system?
  • #1,270
  • Mar 17, 2011 7:29am Mar 17, 2011 7:29am
Folks, any potential setups at the moment?
  • #1,271
  • Mar 17, 2011 7:57am Mar 17, 2011 7:57am
I'm looking at usd/chf at the moment for a long
  • #1,272
  • Mar 17, 2011 8:01am Mar 17, 2011 8:01am
Quoting Tonie_Fx
I'm looking at usd/chf at the moment for a long


hmmm.... please correct me if i'm wrong. shouldnt your entry be after the retracement after the EMAs are formed up?
  • #1,273
  • Mar 17, 2011 8:12am Mar 17, 2011 8:12am
I think entry according to the rules, should be if price moves slightly above the fractal for longs (and slightly below for shorts). The first fractal formed after the lines have been converged that is.
  • #1,274
  • Mar 17, 2011 8:19am Mar 17, 2011 8:19am
Quoting Tonie_Fx
I think entry according to the rules, should be if price moves slightly above the fractal for longs (and slightly below for shorts). The first fractal formed after the lines have been converged that is.

are u looking at this fractal?
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  • #1,275
  • Mar 17, 2011 8:24am Mar 17, 2011 8:24am
yeah exactly but now i see my mistake lol, i'm entering way too early. I had 3 trades so far using this system and all 3 of them are losers because of this mistake.
  • #1,276
  • Mar 17, 2011 8:33am Mar 17, 2011 8:33am
Quoting Tonie_Fx
yeah exactly but now i see my mistake lol, i'm entering way too early. I had 3 trades so far using this system and all 3 of them are losers because of this mistake.

well, i may be wrong. i'm also here to learn. so it's best in our interest to post the chart so others can help lead us thru on this system. a picture speaks a thousand words.

maybe PASS seniors can help us out?
  • #1,277
  • Mar 17, 2011 8:54am Mar 17, 2011 8:54am
This pair seems to want to make a move before the news.
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With God all things are possible.
  • #1,278
  • Mar 17, 2011 9:08am Mar 17, 2011 9:08am
Hi Followers,
If you followed what I delineated in the chart, you would have zero loss in all the triggers. It is that simple trading! Please read it again

FF
  • #1,279
  • Mar 17, 2011 9:16am Mar 17, 2011 9:16am
I'll create my own thread when I the time is right.
Managing a thread takes a lot of me and I don't have that time right now.
  • #1,280
  • Mar 17, 2011 9:23am Mar 17, 2011 9:23am
Quoting forexforex
Hi Followers,
If you followed what I delineated in the chart, you would have zero loss in all the triggers. It is that simple trading! Please read it again

FF


FF, i'll love to have zero loss. which post # are u refering to?
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