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5-min PASS (Price Action Scalper System)

  • #1,561
  • Mar 25, 2011 6:44am Mar 25, 2011 6:44am
Quoting Dehyah
Just lost 7.9 pips on this pair.
Denied 7.1 pips again.So I am down 15 pips so this morning.
With God all things are possible.
  • #1,562
  • Mar 25, 2011 6:50am Mar 25, 2011 6:50am
Quoting Dehyah
Denied 7.1 pips again.So I am down 15 pips so this morning.

again, WHY are you shorting audusd when EMAs are pointing long???
  • #1,563
  • Mar 25, 2011 6:54am Mar 25, 2011 6:54am
Quoting PurePrice
again, WHY are you shorting audusd when EMAs are pointing long???
I was hoping to gain few pips down but I made a long position for the second entry to only lose 7.1 pips.I will watch after 8:55 am (jamaican time).
With God all things are possible.
  • #1,564
  • Mar 25, 2011 6:57am Mar 25, 2011 6:57am
Quoting PurePrice
chart below

I shorted this pair, and it is so slow moving it is driving me crazy. It is like watchig paint dry right now. but here is the trade anyway.
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 37 KB
  • #1,565
  • Mar 25, 2011 6:59am Mar 25, 2011 6:59am
Quoting PurePrice
I shorted this pair, and it is so slow moving it is driving me crazy. It is like watchig paint dry right now. but here is the trade anyway.
I have been looking at it as well and it seems to be ranging.
With God all things are possible.
  • #1,566
  • Mar 25, 2011 7:04am Mar 25, 2011 7:04am
Quoting PurePrice
I shorted this pair, and it is so slow moving it is driving me crazy. It is like watchig paint dry right now. but here is the trade anyway.

same sentiments. but my TP hit. i'm sure u hit too, did u?
  • #1,567
  • Mar 25, 2011 7:27am Mar 25, 2011 7:27am
Quoting kedridder
same sentiments. but my TP hit. i'm sure u hit too, did u?
First TP hit at last swing low by 16060 (also S1) for +25 pips , and finally the pair is moving down .. I will keep 1/2 on the table for 1.6005 as my next target, SL moved to BE, so it is a free trade on my remaining 1/2 position.
  • #1,568
  • Mar 25, 2011 7:40am Mar 25, 2011 7:40am
AUDUSD 20 pip got ( Buy)
  • #1,569
  • Mar 25, 2011 7:59am Mar 25, 2011 7:59am
Guys, did I tell you that I lost 15 pips this morning.
Well now I have reclaimed in addition to a brawta of 30.1 pips.The word "brawta" in Jamaica means extra.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 33 KB
Click to Enlarge Name: 2.gif Size: 28 KB
With God all things are possible.
  • #1,570
  • Mar 25, 2011 8:00am Mar 25, 2011 8:00am
It is still heading north.
With God all things are possible.
  • #1,571
  • Mar 25, 2011 8:01am Mar 25, 2011 8:01am
Quoting Dehyah
Guys, did I tell you that I lost 15 pips this morning.
Well now I have reclaimed in addition to a brawta of 30.1 pips.The word "brawta" in Jamaica means extra.

This is more like it LONG AUDUSD wins haha
  • #1,572
  • Mar 25, 2011 8:04am Mar 25, 2011 8:04am
The EURUSD looks like it has potential but I won't be taking anymore trades this week.
With God all things are possible.
  • #1,573
  • Mar 25, 2011 8:06am Mar 25, 2011 8:06am
Quoting PurePrice
This is more like it LONG AUDUSD wins haha
Yeah man fi real mi get 45.1 pips pon it .
With God all things are possible.
  • #1,574
  • Mar 25, 2011 8:17am Mar 25, 2011 8:17am
Quoting Dehyah
Yeah man fi real mi get 45.1 pips pon it .
sticking with longer TF pays off in the end as the charts don't lie

Good work getting 45 pips
  • #1,575
  • Mar 25, 2011 8:31am Mar 25, 2011 8:31am
Now AUDUSD is triger to sell?


bye
ajentha
  • #1,576
  • Mar 25, 2011 8:32am Mar 25, 2011 8:32am
Quoting ajentha
Now AUDUSD is triger to sell?


bye
ajentha
NOOOOO


please check the higher TFs.
  • #1,577
  • Mar 25, 2011 8:34am Mar 25, 2011 8:34am
anyoen wiling to help?? LOL

I know Freddy was more than happy to help fix my typos on my original document, and was waiting for more tips from me.
  • #1,578
  • Mar 25, 2011 8:34am Mar 25, 2011 8:34am
OK, thanks lot

bye
ajentha
  • #1,579
  • Mar 25, 2011 9:17am Mar 25, 2011 9:17am
Hi PurePrice,

Can I please have the MT template with all the indis for this pls? I can't seem to remember where you posted it .. I am thinking of moving from IT Finance platform to MT4.
And I am trying to find out the R/R and W/L ratios of this method. For this I will be using the MT4 simulator and run through/back test 50 trades and calculate the RR and WL ratios for a 2% account risk and see what happens after 50 trades. Allow me a few days. I have a clever spreadsheet too with random values to calculate the account value if we enter the R/R and W/L ratios. But first, I need to get the real values for 50 trades at least. Also, I need to clearly define the rules first before starting the back testing. Will use your initial post for this.

Good idea about doing a doc with all the tips and tricks! Unfortunately, I don't think I have seen/read all of them as I only joined the thread last week. Otherwise, I am more than happy to help you.
  • #1,580
  • Mar 25, 2011 9:20am Mar 25, 2011 9:20am
here it is
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 37 KB
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