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5-min PASS (Price Action Scalper System)

  • #1,441
  • Mar 21, 2011 1:31pm Mar 21, 2011 1:31pm
Quoting newjv
Oanda? thy hav their own platform.. isn't. or u still use mt4? also.. what kind of lot size and leverage?

They used to have their own, now they have MT4.
You can open a $100 dollar account if you want, I think they go as low as $10
  • #1,442
  • Mar 21, 2011 1:31pm Mar 21, 2011 1:31pm
Quoting PurePrice
They used to have their own, now they have MT4.
You can open a $100 dollar account if you want, I think they go as low as $10
they have 1:50 leverage
  • #1,443
  • Mar 21, 2011 1:48pm Mar 21, 2011 1:48pm
Quoting akrasiel
We may probably get a nice explosive movement once this channel is broken. I'll keep an eye on it just in case...
Channel being broken now.. lets wait for PA to confirm the break up.
  • #1,444
  • Mar 21, 2011 2:10pm Mar 21, 2011 2:10pm
Quoting PurePrice
Channel being broken now.. lets wait for PA to confirm the break up.

I am in LONG
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 37 KB
  • #1,445
  • Mar 21, 2011 4:57pm Mar 21, 2011 4:57pm
Quoting PurePrice
Why did you short EUR/USD when clearly the longer term (I can see your posted 15-min chart) is in Buy formation??
I was hoping to get 10
pips in retracement.
With God all things are possible.
  • #1,446
  • Mar 21, 2011 5:44pm Mar 21, 2011 5:44pm
Quoting Dehyah
I was hoping to get 10
pips in retracement.
I understand
  • #1,447
  • Mar 21, 2011 5:57pm Mar 21, 2011 5:57pm
are we gonna get a break out of the downtrend channel to the upside in Tokyo tonight?
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 34 KB
  • #1,448
  • Mar 21, 2011 10:39pm Mar 21, 2011 10:39pm
welp, let's see.. i like the short USDCAD because of the reverse oil correlation, but its really slow moving in the asian session
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad0321.jpg Size: 77 KB
  • #1,449
  • Mar 21, 2011 11:05pm Mar 21, 2011 11:05pm
geez, be nice to see a bear 5 minute candle
  • #1,450
  • Mar 22, 2011 1:50am Mar 22, 2011 1:50am
Freinds,
Do you think we go LONG on GBP/USD if the PA breaks 16315 area using the PASS system as it sisetting up nicely now? I am new to this thread so just wondering whether I am following the rules correctly. Thank you..
  • #1,451
  • Edited 4:29am Mar 22, 2011 4:06am | Edited 4:29am
Hi all!
Follow this thread for some time and really like this system.
Here are my today morning trades.
GU: entry 1.6317 tp hit 1.6349 +32
GJ: entry 132.15 tp hit 132.47 +32
EU: entry 1.4240 and it is still running and i think it's not very good trade - too late and too close to half round number 1.4250
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu2202.gif Size: 33 KB
Click to Enlarge Name: gj2202.gif Size: 36 KB
Click to Enlarge Name: eu2202.gif Size: 35 KB
  • #1,452
  • Mar 22, 2011 4:38am Mar 22, 2011 4:38am
EU: really don't like what i've done here, so moved SL tighter at 1.4230 - below one of previous fractals down
  • #1,453
  • Mar 22, 2011 4:59am Mar 22, 2011 4:59am
Good Stuff!!

I also entered Euro at 14240 and closed with a 5 pip loss.
Got 20 pips on the cable by entering long at 16318. I put a limit stop on it as I had to leave hoem to come to work. :-)

Yes, this is a good system to enter when you have the general knowledge on S/R and higher time frame trend.
  • #1,454
  • Mar 22, 2011 8:33am Mar 22, 2011 8:33am
looiking to move up again
  • #1,455
  • Mar 22, 2011 8:38am Mar 22, 2011 8:38am
Quoting PurePrice
looking to move up again

This would be a mini countertrend early entry in the making. Look for it to go to the round figure of 1.6400 initially
  • #1,456
  • Mar 22, 2011 8:41am Mar 22, 2011 8:41am
Quoting PurePrice
This would be a mini countertrend early entry in the making. Look for it to go to the round figure of 1.6400 initially

chart with trade setup
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 33 KB
  • #1,457
  • Mar 22, 2011 9:10am Mar 22, 2011 9:10am
Hello PurePrice, What do you mean by early entry in here pls? We can't really use the PASS entry yet as the EMAs are not stacking up to long right?
  • #1,458
  • Mar 22, 2011 9:17am Mar 22, 2011 9:17am
Quoting Anu_
Hello PurePrice, What do you mean by early entry in here pls? We can't really use the PASS entry yet as the EMAs are not stacking up to long right?

The EMAs are stacked up, however, you do not have to wait till the Price goes past the down/upfractal. please refer to post #910-912 for early entry rules as indicated in my post #1.
  • #1,459
  • Mar 22, 2011 9:35am Mar 22, 2011 9:35am
my EMAs are not stacking up.. pls see attached. 48 EMA is well above the 6 and 12.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 5m - 22 mar.JPG Size: 113 KB
  • #1,460
  • Mar 22, 2011 9:49am Mar 22, 2011 9:49am
Quoting Anu_
my EMAs are not stacking up.. pls see attached. 48 EMA is well above the 6 and 12.

I am not sure why your EMA48 is that way ... it apears to me as it is not as smooth and distat as mine. IT looks like it is some other setting. Are you applying my template from post #1?

Please check the settings on your MA to be EMA of close and period 48.
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