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5-min PASS (Price Action Scalper System)

  • #1,661
  • Mar 28, 2011 5:58pm Mar 28, 2011 5:58pm
Quoting argentino
Hey, Kimoh... Did you have any pipage today? See anything that you like?
there were some good steps in tokyo and london session for cable pairs, GJ and GU esp, took about 40pips off those and USDCHF.

waiting for tokyo. which country you in?
  • #1,662
  • Mar 28, 2011 6:04pm Mar 28, 2011 6:04pm
Quoting kimoh
there were some good steps in tokyo and london session for cable pairs, GJ and GU esp, took about 40pips off those and USDCHF.

waiting for tokyo. which country you in?
US- new to forex. trying to learn the ins and outs of this system. Seem to be asleep for London and unavailable at work for US... so not had a chance to practice it much. Could definitely use some help...
Dave Toddler Pip Gatherer
  • #1,663
  • Mar 28, 2011 7:16pm Mar 28, 2011 7:16pm
Quoting argentino
US- new to forex. trying to learn the ins and outs of this system. Seem to be asleep for London and unavailable at work for US... so not had a chance to practice it much. Could definitely use some help...
never mind, learning the ropes here as well, the community here is great you will get tit bits....

wish you the best in this journey
  • #1,664
  • Mar 29, 2011 1:58am Mar 29, 2011 1:58am
things starting to heat up... any interesting positions. wanted to re-enter EU and GU but the 1H EMA are not totally crossed. would rather stay safe ground
  • #1,665
  • Mar 29, 2011 2:16am Mar 29, 2011 2:16am
EJ long re-entry
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.JPG Size: 89 KB
  • #1,666
  • Mar 29, 2011 2:25am Mar 29, 2011 2:25am
you could wait to 1H EMA to convincigly cross to be safer
Attached Image (click to enlarge)
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  • #1,667
  • Mar 29, 2011 2:25am Mar 29, 2011 2:25am
Hi, Kimoh!
I took that trade too. TP is already hit +15 pips. Maybe my exit was too early, but looking at 1H chart there's resistance at 115.5.
Also put AU pending order at 1.0270
  • #1,668
  • Mar 29, 2011 2:28am Mar 29, 2011 2:28am
Quoting alesha77
Hi, Kimoh!
I took that trade too. TP is already hit +15 pips. Maybe my exit was too early, but looking at 1H chart there's resistance at 115.5.
Also put AU pending order at 1.0270

same here took 1/2 profit at 115.5 +20pips
  • #1,669
  • Mar 29, 2011 2:29am Mar 29, 2011 2:29am
Quoting kimoh
same here took 1/2 profit at 115.5 +20pips
Alesha77 did you take EU.... i think EU and EJ headed to R2 next TP
  • #1,670
  • Mar 29, 2011 2:36am Mar 29, 2011 2:36am
Quoting kimoh
Alesha77 did you take EU.... i think EU and EJ headed to R2 next TP
No, i didn't because of that long wicked candles
Attached Image (click to enlarge)
Click to Enlarge Name: eu2903.gif Size: 15 KB
  • #1,671
  • Mar 29, 2011 2:37am Mar 29, 2011 2:37am
audusd in a channel. anyone in this trade?
Attached Image (click to enlarge)
Click to Enlarge Name: audusd3.JPG Size: 79 KB
  • #1,672
  • Mar 29, 2011 2:50am Mar 29, 2011 2:50am
Quoting alesha77
No, i didn't because of that long wicked candles
can someone out there please give the euro some support
  • #1,673
  • Mar 29, 2011 2:57am Mar 29, 2011 2:57am
Hi all,

Would the close above the line signal an early re-entry on this pair? Still trying to get the nuts and bolts of this...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 158 KB
Dave Toddler Pip Gatherer
  • #1,674
  • Mar 29, 2011 3:18am Mar 29, 2011 3:18am
Quoting argentino
Hi all,

Would the close above the line signal an early re-entry on this pair? Still trying to get the nuts and bolts of this...
Attachment
personally i would stay out of the GU, always look at higer TF, 1H favors a short... so i wouldnt enter
  • #1,675
  • Mar 29, 2011 3:26am Mar 29, 2011 3:26am
Quoting kimoh
you could wait to 1H EMA to convincigly cross to be safer
stopped -24pips for disobeying a rule of the thumb... i re-entered short before the 1H EMA had convincingly crossed... paying the cost

Lesson learnt
  • #1,676
  • Mar 29, 2011 3:28am Mar 29, 2011 3:28am
gbp news in 2 mins...

careful!
  • #1,677
  • Mar 29, 2011 3:40am Mar 29, 2011 3:40am
News were Flat so no whipsaws i guess, only GDP q/q was a little bit else than expected forecast
  • #1,678
  • Mar 29, 2011 3:41am Mar 29, 2011 3:41am
Quoting kimoh
personally i would stay out of the GU, always look at higer TF, 1H favors a short... so i wouldnt enter
Thanks, Kimoh. What is it in the 1h that favors short? Is it that the EMAs are below the 48? Or is it that the 48EMA is slightly pointing down?
Dave Toddler Pip Gatherer
  • #1,679
  • Mar 29, 2011 3:53am Mar 29, 2011 3:53am
Quoting argentino
Thanks, Kimoh. What is it in the 1h that favors short? Is it that the EMAs are below the 48? Or is it that the 48EMA is slightly pointing down?
the arrangement of the ema 6ema>12ema>48ema is condition for long

6ema<12ema<48ema is condition for short... i hope i recall my algebraic signs correct.

it is advisable that the M5, M15 and H1 all show the SAME ema trend.

check 1st post for clearer understanding. hope that helps
  • #1,680
  • Mar 29, 2011 3:57am Mar 29, 2011 3:57am
i'm itching to enter long, but i have to stay disciplined to the rules of the game
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