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5-min PASS (Price Action Scalper System)

  • #1,341
  • Mar 18, 2011 5:59am Mar 18, 2011 5:59am
just a reaction from morning's action.. maybe i shud consider ignoring the HTF-rules when there is a "long-winding" before a break-out.. what u think PP..
  • #1,342
  • Mar 18, 2011 6:03am Mar 18, 2011 6:03am
eurusd breakout?
  • #1,343
  • Mar 18, 2011 6:11am Mar 18, 2011 6:11am
usd/chf
  • #1,344
  • Edited 9:14am Mar 18, 2011 7:07am | Edited 9:14am
Hey PurePrice, have been following this thread from day dot and would like to thank you for sharing this great system. I am a new trader and have found your thread very interesting and logical. One could pay thousands to sit at a seminar and come out no better off, so thank you for you pointers, tips and overall generosity.

Am currently in long EurAUD so far so good!! + m15 just made first up fractal may be a home RUN

Peace.
  • #1,345
  • Mar 18, 2011 7:31am Mar 18, 2011 7:31am
I only discovered this y'day and already made 30 pips on EUR/USD with a long entry at 14103.

THANK YOU PurePrice.
  • #1,346
  • Mar 18, 2011 8:17am Mar 18, 2011 8:17am
Quoting maxwell-eqtn
My trades for the past two-weeks. I hope to continue like this. Wish everybody Green Pips !!!

God bless
Maxwell can you give some more info on your trading techinque? It looks promising on paper
  • #1,347
  • Mar 18, 2011 8:20am Mar 18, 2011 8:20am
Can some refer me some good broker, I live in canada.. I am using FXCM UK but there spread a high..
  • #1,348
  • Mar 18, 2011 8:24am Mar 18, 2011 8:24am
I don't know if you guys already covered this, but the crossing of the two faster MA's looks like a good exit signal. In cases the SL is too distant or the trade starts to seem a bit more risky than originally thought. Does anyone agree?

Also, which pairs do you think work best with this system?
  • #1,349
  • Edited 10:16am Mar 18, 2011 9:33am | Edited 10:16am
Quoting psydox
Hello PurePrice and everyone! I've just finished reading through the thread. I should be back up and running next week - my desktop system doesn't have internet at the moment and I'm anxious to try this system. I really like the 6 and 12 MAs and the system in general. I think it's great that you constantly remind everyone to watch for s/r, pp, round numbers, higher tf trends, news, etc.. since these are the reasons we get caught out there sometimes.

Maxwell, excellent results! I'm wondering if you can explain the HA multi tf indicator...
Yes those HK candles are very good if you choose the proper trend. If the trend you choose is not good then the HK candles will repaint. There are many good ways to use the HK candles. One way is to use the HK 15mins and 30min lining up with the H1 and H4, this one is pretty save. but gives you fewer and more accurate entries.

Another way is HK 15 and 30 lining up with EMA 55, 200 direction. Try it and see.
  • #1,350
  • Mar 18, 2011 9:35am Mar 18, 2011 9:35am
Quoting Tonie_Fx
Maxwell can you give some more info on your trading techinque? It looks promising on paper

Yes HK is good when the right trend is chosen. If trend is wrongly chosen HK will repaint and you must exit.

Another way is to use Bollinger Bands set at (20-1). See how the HK 30 and HK 15 line up with candle above Bol. This one is really excellent. Exit at pivots or scalp ten to 15 at a time. Ultimate exit is when any one of the HK's are in an opposite direction.

Try it and let everyone know about it.
  • #1,351
  • Mar 18, 2011 10:04am Mar 18, 2011 10:04am
Quoting maxwell-eqtn
Another way is to use Bollinger Bands set at (20-1). See how the HK 30 and HK 15 line up with candle above Bol. This one is really excellent. Exit at pivots or scalp ten to 15 at a time. Ultimate exit is when any one of the HK's are in an opposite direction.
Sorry, I don't get it. How do you use Bollinger Bands with this system?
Also, can you post this MTF HA indicator?
  • #1,352
  • Mar 18, 2011 11:30am Mar 18, 2011 11:30am
above 1.4145
  • #1,353
  • Mar 18, 2011 11:41am Mar 18, 2011 11:41am
Quoting PurePrice
above 1.4145

booking some profit (+25 pips) at 1 4170
  • #1,354
  • Mar 18, 2011 11:46am Mar 18, 2011 11:46am
I banked 30.4 pips from the gbpusd pair and 20.7 pips from eurusd pair.
With God all things are possible.
  • #1,355
  • Mar 18, 2011 11:51am Mar 18, 2011 11:51am
Quoting millenseed
Sorry, I don't get it. How do you use Bollinger Bands with this system?
Also, can you post this MTF HA indicator?

Hello Millen,

I do not wanna take away the focus of this great thread. If you follow the Pass rules I think you will be successful. I have also noticed that taking only one trade per fresh cross improves your winning percentage.

I had already posted the HK files some posts back. You could also click on that top right button in the thread at the top right of your computer screen to download any posted indies.

It is really not advisable to be trading now,....this is a short day.

Peace

Anyway here is a chart of EUR/USD
Attached Image (click to enlarge)
Click to Enlarge Name: pass_08.gif Size: 36 KB
  • #1,356
  • Mar 18, 2011 11:51am Mar 18, 2011 11:51am
Quoting Dehyah
I banked 30.4 pips from the gbpusd pair and 20.7 pips from eurusd pair.

Good work ...

do you mind posting your charts .. I am at work
  • #1,357
  • Mar 18, 2011 12:08pm Mar 18, 2011 12:08pm
These are the charts.Price are still going up on both pairs.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: a.gif Size: 31 KB
Click to Enlarge Name: b.gif Size: 31 KB
With God all things are possible.
  • #1,358
  • Mar 18, 2011 12:15pm Mar 18, 2011 12:15pm
Hi PP
What's the leverage on your broker
I think it's onda...

if anybody know a some good broker please let me know..

thanks
Bally
  • #1,359
  • Mar 18, 2011 12:40pm Mar 18, 2011 12:40pm
Quoting PurePrice
above 1.4145
Looking at Dehyah's chart - I see that a fractal didn't form after the emas started moving. Would you consider longing if price broke 1.4145 (which it did) since it was a tested resistance area? Or would you still wait for a pullback, giving up all of these lovely pips?
  • #1,360
  • Mar 18, 2011 12:59pm Mar 18, 2011 12:59pm
Quoting Dehyah
These are the charts.Price are still going up on both pairs.
Hey Dehyah, great trades! I was wondering what that huge monster bar on the right of the screen is ???
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