5-min PASS (Price Action Scalper System) | Page 76 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

DSS Scalper forex System 2 replies

5-min PASS (Price Action Scalper System) SIGNAL 11 replies

15 min indicator on 5 min chart 3 replies

$ 2.4 Billion Scalper System 13 replies

Need a good Metatrader broker for a scalper system 14 replies

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

5-min PASS (Price Action Scalper System)

  • #1,501
  • Mar 23, 2011 4:27pm Mar 23, 2011 4:27pm
Hi PP,
I have a small question for you if you don't mind pls.

We use 6, 12 and 48 EMAs in 5M chart coz they represent 30M, 60M and 4H trends as stated in your very first post here. If we use the same EMAs on higher TFs like 15M and 1H etc. obviously we are following the trend of very very higher TFs like 6H, 12H and 48H. Should we not change the EMA values on higher TFs to different values rather than using the same 6, 12 and 48 values throughout?
Many Thanks..
  • #1,502
  • Mar 23, 2011 5:07pm Mar 23, 2011 5:07pm
Quoting Anu_
Hi PP,
I have a small question for you if you don't mind pls.

We use 6, 12 and 48 EMAs in 5M chart coz they represent 30M, 60M and 4H trends as stated in your very first post here. If we use the same EMAs on higher TFs like 15M and 1H etc. obviously we are following the trend of very very higher TFs like 6H, 12H and 48H. Should we not change the EMA values on higher TFs to different values rather than using the same 6, 12 and 48 values throughout?
Many Thanks..

You are correct about the time frames and the EMAs reflecting different averages. However, to keep things simple, we want to keep the same EMAs, and yes on the longer timeframe, they mean much higher values up to 48H, and that is why we need to stay with them to stay with the higher trend. This sometimes will mean we miss some countertrend entries, but that is OK, we can't catch them all. However, if you find counter trend entries, I sometimes take them, but only go fo small TP.
  • #1,503
  • Mar 24, 2011 2:14am Mar 24, 2011 2:14am
Quoting desiboy
for the mini charts
see post 1024 on march 8th 2011 at 8:00 PM

i will attach the other indictor
Many thanks

Short the GU
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 34 KB
  • #1,504
  • Mar 24, 2011 2:17am Mar 24, 2011 2:17am
Quoting desiboy
for the mini charts
see post 1024 on march 8th 2011 at 8:00 PM

i will attach the other indictor

Hi desiboy, may i ask, how do u make use of these indicators?
  • #1,505
  • Mar 24, 2011 2:18am Mar 24, 2011 2:18am
Quoting ammar2000a70
Many thanks

Short the GU

yup, me too. i shorted both euro and cable.
took half lot for profit and hope to ride the rest. free trade now.
  • #1,506
  • Mar 24, 2011 2:27am Mar 24, 2011 2:27am
Quoting kedridder
yup, me too. i shorted both euro and cable.
took half lot for profit and hope to ride the rest. free trade now.
Nice setups, but i missed them both
Was just unprepared, just switched my computer on and been busy with higher TFs observation. So will wait for retrace...
  • #1,507
  • Mar 24, 2011 2:29am Mar 24, 2011 2:29am
Quoting alesha77
Nice setups, but i missed them both
Was just unprepared, just switched my computer on and been busy with higher TFs observation. So will wait for retrace...

no worries, lotsa chance alesha77.
i wish you the best for today's trading.
  • #1,508
  • Mar 24, 2011 2:55am Mar 24, 2011 2:55am
Quoting alesha77
Nice setups, but i missed them both
Was just unprepared, just switched my computer on and been busy with higher TFs observation. So will wait for retrace...
a retrace might be forming on the cable, probably on london open
  • #1,509
  • Mar 24, 2011 3:00am Mar 24, 2011 3:00am
Quoting kedridder
yup, me too. i shorted both euro and cable.
took half lot for profit and hope to ride the rest. free trade now.

i'm out. average 20 PIPs for these 2 pairs. better than nothing.
  • #1,510
  • Mar 24, 2011 3:09am Mar 24, 2011 3:09am
Quoting kedridder
i'm out. average 20 PIPs for these 2 pairs. better than nothing.
I think we should be very careful trading before London open, don't wait fore huge profit, or at least move SL to BE as soon as possible. Because such thing as Fake Breakout happens often at this time.

Anybody took EJ, GJ shorts? Lot of pips could be taken there too.
  • #1,511
  • Mar 24, 2011 3:15am Mar 24, 2011 3:15am
Quoting alesha77
I think we should be very careful trading before London open, don't wait fore huge profit, or at least move SL to BE as soon as possible. Because such thing as Fake Breakout happens often at this time.

Anybody took EJ, GJ shorts? Lot of pips could be taken there too.

yup, cable touched 1.62 round figure and bounced back. i should have square cable there. all in hindsight, crap! urghhh
  • #1,512
  • Mar 24, 2011 3:24am Mar 24, 2011 3:24am
Quoting kedridder
yup, cable touched 1.62 round figure and bounced back. i should have square cable there. all in hindsight, crap! urghhh
I think all traders would have been piplionares if they had been given foresight to predict the future. went out abit early on the Eur

seems like we are in for reversal, europen bulls taking over ?
  • #1,513
  • Mar 24, 2011 3:44am Mar 24, 2011 3:44am
Quoting kimoh
I think all traders would have been piplionares if they had been given foresight to predict the future. went out abit early on the Eur

seems like we are in for reversal, europen bulls taking over ?

i duno, it plunged back.
  • #1,514
  • Mar 24, 2011 5:01am Mar 24, 2011 5:01am
Got 22 pips out of this trade, it could have taken more before retracement but it made my day anyway .
Have an excellent day everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: GU short2.png Size: 49 KB
  • #1,515
  • Mar 24, 2011 6:28am Mar 24, 2011 6:28am
this pair has bounced back up to minor support (can be now new resistance) around 16190-16200 .. might be a reentry short here
  • #1,516
  • Mar 24, 2011 6:38am Mar 24, 2011 6:38am
Quoting PurePrice
this pair has bounced back up to minor support (can be now new resistance) around 16190-16200 .. might be a reentry short here
me thinks its a potential reveral...
  • #1,517
  • Mar 24, 2011 7:07am Mar 24, 2011 7:07am
Quoting kimoh
me thinks its a potential reveral...
always possible and that is why we need to wait for the market to show its hand
  • #1,518
  • Mar 24, 2011 7:08am Mar 24, 2011 7:08am
tighten your SL on USD positions if you have any open, or stay on sidelines until after news
  • #1,519
  • Mar 24, 2011 7:10am Mar 24, 2011 7:10am
By the way Pure Price, whats the attachement "pass.tpl" for?
  • #1,520
  • Mar 24, 2011 7:19am Mar 24, 2011 7:19am
Quoting kimoh
By the way Pure Price, whats the attachement "pass.tpl" for?

That is the template

it applies all the proper indicators with the same settings as myself to the charts once you apply the template, so you dont need to add indicators or change settings yourself.
5 traders viewing now