Attachments: 5-min PASS (Price Action Scalper System)

5-min PASS (Price Action Scalper System)

#1,461
Mar 22, 2011 9:55am Mar 22, 2011 9:55am

kedridder
| Joined Oct 2010 | Status: Trader | 706 Posts

Quoting Anu_

Disliked

my EMAs are not stacking up.. pls see attached. 48 EMA is well above the 6 and 12.

Ignored

this is how my chart looks like

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#1,462
Mar 22, 2011 10:05am Mar 22, 2011 10:05am

Anu_
| Joined Dec 2009 | Status: Trader | 149 Posts

I am using the IT Finance platform , not MT4 and was uisng their MA type called DEMA. JUst now I tried the normal MA indicator and set the type to 'Exponential' and now it looks as same as yours !!

Dotted red line is the new 48 EMA and full red line is the 48 DEMA. Probably DEMA means Dynamic EMA?? Thanks for your help. I must have missed many opportunities in the past coz of this but then again it seems that DEMA does a good job to get rid of a noisy trend :-) as we can see here.

BTW, I made 40 pips today in London session on Euro and cable - thanks to you PurePrice!!

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#1,463
Mar 22, 2011 10:09am Mar 22, 2011 10:09am

PurePrice
Joined Aug 2010 | Status: Trader | 2,584 Posts

Quoting Anu_

Disliked

I am using the IT Finance platform , not MT4 and was uisng their MA type called DEMA. JUst now I tried the normal MA indicator and set the type to 'Exponential' and now it looks as same as yours !!

Dotted red line is the new 48 EMA and full red line is the 48 DEMA. Probably DEMA means Dynamic EMA?? Thanks for your help. I must have missed many opportunities in the past coz of this but then again it seems that DEMA does a good job to get rid of a noisy trend :-) as we can see here.

BTW, I made 40 pips today in London session on Euro and cable...

Ignored

That is better

I am not familiar wit DEMA, but in this case it seems misleading as the price for the last 48 5-min periods is certainly below the it moving average.

Congrats on the 40 pips .. great job

#1,464
Mar 22, 2011 11:07am Mar 22, 2011 11:07am

PurePrice
Joined Aug 2010 | Status: Trader | 2,584 Posts

hello desiboy,

To answer your question about not having too much time to watch the 5-min charts I sent you a PM yesterday .. please check it.

#1,465
Mar 22, 2011 11:36am Mar 22, 2011 11:36am

desiboy
| Joined Mar 2007 | Status: Trader | 82 Posts

I did read the your message....thanks
the problem will be I need to use large SL...
let see how things work out

#1,466
Mar 22, 2011 11:48am Mar 22, 2011 11:48am

PurePrice
Joined Aug 2010 | Status: Trader | 2,584 Posts

Quoting desiboy

Disliked

I did read the your message....thanks
the problem will be I need to use large SL...
let see how things work out

Ignored

Yep you need a large SL meaning you would have to reduce your lot size to make your risk per trade = 1% to 2%

#1,467
Edited 2:06am Mar 23, 2011 2:04am | Edited 2:06am

psydox
| Joined Oct 2010 | Status: Trader | 50 Posts

It was before london open but I saw a setup forming and was anxious to try out the system. I hope the attachments look alright. I took profit a few pip before S1.

And now it's bedtime. It's 3am here. I hope I don't make this a habit, lol.

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#1,468
Mar 23, 2011 2:22am Mar 23, 2011 2:22am

Islander
Joined Jan 2007 | Status: Trader | 11,838 Posts

Quoting psydox

Disliked

It was before london open but I saw a setup forming and was anxious to try out the system. I hope the attachments look alright. I took profit a few pip before S1.

And now it's bedtime. It's 3am here. I hope I don't make this a habit, lol.

Ignored

I think you mean before the Frankfurt Open - LO is in 40 mins.....

Europe has yet to change to Summer Time - this happens this coming weekend - so at present the time difference is an hour less than normal...

Edit: I just sold the retest of the 4180 resistance area.....

Trading Levels with WRBs

#1,469
Mar 23, 2011 2:24am Mar 23, 2011 2:24am

A95h
| Joined Dec 2010 | Status: Trader | 25 Posts

I took it too, but finished at BE. may be was not so confident

#1,470
Mar 23, 2011 4:41am Mar 23, 2011 4:41am

ajentha
| Joined Jan 2009 | Status: Trader | 319 Posts

I also continually watching your price action technique,
as per your method, EURUSD is buy and GBPUSD is sell

please

bye
ajentha

#1,471
Mar 23, 2011 4:53am Mar 23, 2011 4:53am

alesha77
| Joined Feb 2011 | Status: Trader | 68 Posts

Got +34 pips on GU today morning (entry 1.6353 tp 1.6319)
EU, imo, is in some kind of indecision, we should wait for clearer trend to establish

#1,472
Mar 23, 2011 5:17am Mar 23, 2011 5:17am

Anu_
| Joined Dec 2009 | Status: Trader | 149 Posts

Nice LONG tarde on EUR /JPY for 20 pips.
Entry = 11480

#1,473
Mar 23, 2011 5:22am Mar 23, 2011 5:22am

kedridder
| Joined Oct 2010 | Status: Trader | 706 Posts

Quoting Anu_

Disliked

Nice LONG tarde on EUR /JPY for 20 pips.
Entry = 11480

Ignored

congrads! EURJPY looks flat to me when u enter ur trade.

#1,474
Mar 23, 2011 5:34am Mar 23, 2011 5:34am

Anu_
| Joined Dec 2009 | Status: Trader | 149 Posts

I am not that experienced but I thought it ticked all the boxes in PASS system. May be it' uke I won.

#1,475
Mar 23, 2011 5:58am Mar 23, 2011 5:58am

kedridder
| Joined Oct 2010 | Status: Trader | 706 Posts

Quoting Anu_

Disliked

I am not that experienced but I thought it ticked all the boxes in PASS system. May be it' uke I won.

Ignored

well, u may not be wrong.
explosive action starts from flat curve, to each, his own.

#1,476
Mar 23, 2011 6:10am Mar 23, 2011 6:10am

alesha77
| Joined Feb 2011 | Status: Trader | 68 Posts

Any suggestions about EU direction?
I started to look for long setup when it passed 1.4200, but it stalled. Now i'm short biased.
What do you think?
BTW, i entered short at 1.4208, SL at BE now, but it wasn't PASS trade.

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