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5-min PASS (Price Action Scalper System)

  • #1,481
  • Mar 23, 2011 9:16am Mar 23, 2011 9:16am
Quoting Islander
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.....
That's right! Cause the time changed here in EST so there is a four hour difference. So currently 4am eastern time = 8am london time.

What happens when Europe changes to Summer Time?
  • #1,482
  • Mar 23, 2011 9:33am Mar 23, 2011 9:33am
Quoting desiboy
short GU at 1.6260
Hi dear

May I got the indicators shown on your chrats?

Best Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 39 KB
  • #1,483
  • Mar 23, 2011 9:54am Mar 23, 2011 9:54am
for the mini charts
see post 1024 on march 8th 2011 at 8:00 PM

i will attach the other indictor
Attached File(s)
File Type: ex4 hhLhhllHll_alert_v2.ex4   8 KB | 425 downloads
File Type: mq4 Fractal with price v1.1.mq4   3 KB | 489 downloads
  • #1,484
  • Mar 23, 2011 10:47am Mar 23, 2011 10:47am
Hello PurePrice,
I took a SHORT trade on EUR/USD at Franfurt Open (6.55 GMT) at 14161 with a SL of 25 pips and it was a loss.

I am wondering whether you can look at this and tell me whether there was anything that I did not see. I thought it ticked all the boxes for a PASS entry. THANK YOU...
  • #1,485
  • Mar 23, 2011 10:48am Mar 23, 2011 10:48am
looks like the gbpusd pair handed the PASS ethusiasts some good pips early this morning ... I just wnt to say Congrats to all who banked some pips, and many thanks to those using the system and having some faith in it so far.

to all the new users, I want to thank yu all for trying it out and for your positive feedbak. I hope you all make some nice pips off this system.

May all the green pips be with you and happy pip hunting
  • #1,486
  • Mar 23, 2011 10:49am Mar 23, 2011 10:49am
Quoting Anu_
Hello PurePrice,
I took a SHORT trade on EUR/USD at Franfurt Open (6.55 GMT) at 14161 with a SL of 25 pips and it was a loss.

I am wondering whether you can look at this and tell me whether there was anything that I did not see. I thought it ticked all the boxes for a PASS entry. THANK YOU...

can you please post the chart???
  • #1,487
  • Mar 23, 2011 10:52am Mar 23, 2011 10:52am
Quoting alesha77
GU entry 1.6290 tp 1.6255 +35 pips
PP, was it correct re-entry trade?
Looks like a good trade to me. Broke the mctl. It was a bit far from the 48 ema but it was trending well. I would have taken it had I been at the computer.
  • #1,488
  • Mar 23, 2011 11:08am Mar 23, 2011 11:08am
Quoting Anu_
Hello PurePrice,
I took a SHORT trade on EUR/USD at Franfurt Open (6.55 GMT) at 14161 with a SL of 25 pips and it was a loss.

I am wondering whether you can look at this and tell me whether there was anything that I did not see. I thought it ticked all the boxes for a PASS entry. THANK YOU...

I looked back and th eentry looks valid. However, the only thing is that it was right at the beginning of the change of trend on hourly chart. i.e. the 48 EMA on the hourly just crossed over and above the other EMAs and its direction was very flat. I know I don't mention this in my basic rules (because I dont want to complicate things), but in this case, I would have waited a lil longer maybe until the 48 EMA on the hourly chart started to head down as opposed to being flat. This would cause a late entry, but it would be a safer entry ... Remeber we dont want to catch 100% of the move, it would be nice to catch the middle 50%, if we can
  • #1,489
  • Mar 23, 2011 11:09am Mar 23, 2011 11:09am
Quoting alesha77
GU entry 1.6290 tp 1.6255 +35 pips
PP, was it correct re-entry trade?
Yes, this was a perfect re-rentry using MCTL

great job catching this one
  • #1,490
  • Mar 23, 2011 11:15am Mar 23, 2011 11:15am
is it gonna go to low of the day again ?? it looks like it is setting up, but it is getting late alos in Ny just lunch hour now .. so maybe, maybe not
  • #1,491
  • Mar 23, 2011 11:21am Mar 23, 2011 11:21am
Quoting PurePrice
is it gonna go to low of the day again ?? it looks like it is setting up, but it is getting late alos in Ny just lunch hour now .. so maybe, maybe not

I am in short this pair and already at 15 pips in profit.

Here it is on the chart
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 37 KB
  • #1,492
  • Mar 23, 2011 11:23am Mar 23, 2011 11:23am
Quoting PurePrice
I looked back and th eentry looks valid. However, the only thing is that it was right at the beginning of the change of trend on hourly chart. i.e. the 48 EMA on the hourly just crossed over and above the other EMAs and its direction was very flat. I know I don't mention this in my basic rules (because I dont want to complicate things), but in this case, I would have waited a lil longer maybe until the 48 EMA on the hourly chart started to head down as opposed to being flat. This would cause a late entry, but it would be a safer entry ... Remeber...
This makes sense Pureprice. When I was trading that same entry last night I knew it didn't feel right but I wasn't sure why. That's why I had to TP quick. So when the H1 lines up as well as the other two TFs thats when things really start to move. Around 10 gmt the emas converged again and within that hour or so there was a great setup.
  • #1,493
  • Mar 23, 2011 11:43am Mar 23, 2011 11:43am
psydox, PurePrice, thanks for feedback.
Here's my recent EU trade: entry 1.4118, tp 1.4101 +17pips
Maybe it's not exactly to the rules - too far from fractal, but i've been afraid to enter before Bernanke's speech
Attached Image (click to enlarge)
Click to Enlarge Name: eu2303.gif Size: 27 KB
  • #1,494
  • Mar 23, 2011 11:48am Mar 23, 2011 11:48am
Quoting alesha77
psydox, PurePrice, thanks for feedback.
Here's my recent EU trade: entry 1.4118, tp 1.4101 +17pips
Maybe it's not exactly to the rules - too far from fractal, but i've been afraid to enter before Bernanke's speech
Good job there Alesha ... It is prudent that you are aware of news and ow they affect your position .. good plan, good wareness, good entry and good TP

Nice work

Alesha, can I give you some money to trade for me???
  • #1,495
  • Mar 23, 2011 2:44pm Mar 23, 2011 2:44pm
Being trying out the system, coming up well. got some +46 on audusd
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.JPG Size: 85 KB
  • #1,496
  • Mar 23, 2011 3:26pm Mar 23, 2011 3:26pm
possible entry on GU?
  • #1,497
  • Mar 23, 2011 3:37pm Mar 23, 2011 3:37pm
Quoting kimoh
possible entry on GU?

I would not enter anything now as the market is dead at these times. You should wait til at least tokyo open
  • #1,498
  • Mar 23, 2011 3:54pm Mar 23, 2011 3:54pm
Quoting PurePrice
I looked back and th eentry looks valid. However, the only thing is that it was right at the beginning of the change of trend on hourly chart. i.e. the 48 EMA on the hourly just crossed over and above the other EMAs and its direction was very flat. I know I don't mention this in my basic rules (because I dont want to complicate things), but in this case, I would have waited a lil longer maybe until the 48 EMA on the hourly chart started to head down as opposed to being flat. This would cause a late entry, but it would be a safer entry ... Remeber...
Thnak you very much for your analysis on this.. Sorry, I was out and could not post the chart either. Thanks again...
  • #1,499
  • Mar 23, 2011 3:55pm Mar 23, 2011 3:55pm
Quoting Anu_
Thnak you very much for your analysis on this.. Sorry, I was out and could not post the chart either. Thanks again...
No problem Anu. glad I can help
  • #1,500
  • Mar 23, 2011 4:02pm Mar 23, 2011 4:02pm
this pair looks primed to tank soon. WHY? because it is at a nice resistance trendline level on daily, 4H and 1H charts. Just now the EMAs on the H1 are about to cross, so keep an eye on this pair, if it goes down, I think it will go down at least 70 pips to last previous low at 1.2735, and if gets past that, maybe all the way down to 1.2500 if the channel holds .. here are the charts with trendlines drawn.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 41 KB
Click to Enlarge Name: mt18.gif Size: 36 KB
Click to Enlarge Name: mt17.gif Size: 40 KB
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