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5-min PASS (Price Action Scalper System)

  • #1,961
  • Apr 1, 2011 8:41am Apr 1, 2011 8:41am
Quoting argentino
I will next time. Price has since moved below emas, so no trade here!

I dont always have my platform up, so it is always helpful to have a chart, and other viewers can comment on it as well. Thaks for your understanding
  • #1,962
  • Apr 1, 2011 8:44am Apr 1, 2011 8:44am
Quoting Anu_
yep, its a winning trade but I am not sure whether you should enter 10 mins before the news release unless you know already what the news is!! Luckily it was good news for USD... what if it was not ???
Really I entered the trade 20 minutes before the news, I know that this is not recommendable... but I made this try by TECHNICAL and only put in risk 15 pips, no more (last fractal up when I entered).... if you made I trade by FUNDAMENTAL you need to wait for the release of the news, that right.
  • #1,963
  • Apr 1, 2011 8:44am Apr 1, 2011 8:44am
Quoting Anu_
PP,
Are you watching this pair to go SHORT now below 15986 or so ?
that would be a good place yes. However, 1.5985 is also S1 on my chart. so you may want to wait until that level is nicely cleared before going short.
  • #1,964
  • Apr 1, 2011 8:46am Apr 1, 2011 8:46am
Quoting PurePrice
that would be a good place yes. However, 1.5985 is also S1 on my chart. so you may want to wait until that level is nicely cleared before going short.
yes, daily pivot as well as a monthly pivot in 15980 area... may be good to wait till below 15975 or so.
  • #1,965
  • Apr 1, 2011 8:46am Apr 1, 2011 8:46am
Quoting Dehyah
That trade was painfully slow last night.
Now I can give you opinion of these trade with a deep analysis
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  • #1,966
  • Apr 1, 2011 8:52am Apr 1, 2011 8:52am
Just took 25 pips on the euro. Its a good feeling to know when to go in and when to get out... Really. THANK YOU
Dave Toddler Pip Gatherer
  • #1,967
  • Apr 1, 2011 9:01am Apr 1, 2011 9:01am
They both look similar.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2.gif Size: 26 KB
With God all things are possible.
  • #1,968
  • Apr 1, 2011 9:18am Apr 1, 2011 9:18am
Is the first option because of breaking the previous up fractal before the ema's come to a point?

Quoting Bull
Now I can give you opinion of these trade with a deep analysis
  • #1,969
  • Apr 1, 2011 9:22am Apr 1, 2011 9:22am
question on which fractal..... should i use fractal BEFORE the trend starts or after? Seems like i've seen both used in this system
  • #1,970
  • Apr 1, 2011 9:27am Apr 1, 2011 9:27am
Quoting skifaster
question on which fractal..... should i use fractal BEFORE the trend starts or after? Seems like i've seen both used in this system
I had the same question a couple days ago. The fractal AFTER the emas fan out was the answer if you are using the standard or late entry. Early entry is determined by trendlines. That's how I understand it.
Dave Toddler Pip Gatherer
  • #1,971
  • Apr 1, 2011 9:33am Apr 1, 2011 9:33am
PurePrice, would it be okay to not call it "the late entry"? somehow that gives the idea that you missed the boat, sort of speak. You're "LATE"... I dunno... it's like its a bad thing...
Dave Toddler Pip Gatherer
  • #1,972
  • Apr 1, 2011 9:41am Apr 1, 2011 9:41am
Quoting argentino
PurePrice, would it be okay to not call it "the late entry"? somehow that gives the idea that you missed the boat, sort of speak. You're "LATE"... I dunno... it's like its a bad thing...
Gents,
All the info and rules you need to know you can find in this thread. If you start from post 1 you will learn everythign in no time. No need to ask anyone how to do it or do any guess work etc. Just simply read and study the thread and learn it. That's what I did and it is very clear.
  • #1,973
  • Apr 1, 2011 9:42am Apr 1, 2011 9:42am
Quoting argentino
PurePrice, would it be okay to not call it "the late entry"? somehow that gives the idea that you missed the boat, sort of speak. You're "LATE"... I dunno... it's like its a bad thing...
Maybe we can call it something like "the entry that comes when you don't take the early entry" or something like that... TETCWYDTTEE, for short
Dave Toddler Pip Gatherer
  • #1,974
  • Apr 1, 2011 10:21am Apr 1, 2011 10:21am
Pips are heading north.
With God all things are possible.
  • #1,975
  • Apr 1, 2011 10:23am Apr 1, 2011 10:23am
Quoting argentino
Maybe we can call it something like "the entry that comes when you don't take the early entry" or something like that... TETCWYDTTEE, for short

Call it whatever you want, it is just a name, as long as you use it correctly.
  • #1,976
  • Apr 1, 2011 10:29am Apr 1, 2011 10:29am
there has been alot of questions lately that are answered by reading the rules, and some of the posts in the thread. Please read the thread and posts to learn how this thing works and learn from the charts psosted and what others have to say. I know everyone likes to be spoon fed and wants the easy way out, but really you need to read, practice, and practice some more for yourself to learn it correctly. YOU NEED to take the trades. If they fail, please post your charts with questions as to wy they failed and we will answer them. USE THE SYSTEM as outlined and then ask questions about trades you take, whether god or bad.. tha tis the only way you wil learn this system.

Sorry, I do not mean to be a jerk, but I am just tryign to help you guys by breaching that you need to take the trades yourself. Do it on a DEMO ACCOUNT for a couple months untl you get the hang of it.
  • #1,977
  • Apr 1, 2011 10:37am Apr 1, 2011 10:37am
back up to previous resistance level of 1.6080 we may get some sellers here pushing it down
  • #1,978
  • Apr 1, 2011 10:42am Apr 1, 2011 10:42am
Hi Pureprice,
I missed all moves on EUR/USD and GBP/USD today followign NFP news.
Was it just my ignorance or the mkt was too volatile and the entry points were not so clear. I could not really see any obvious entries on thes etwo pairs as I saw contradictory readings in H1, M15 amd M5 TFs.
  • #1,979
  • Apr 1, 2011 10:46am Apr 1, 2011 10:46am
Quoting PurePrice
back up to previous resistance level of 1.6080 we may get some sellers here pushing it down
or NOT ... lol
  • #1,980
  • Apr 1, 2011 10:51am Apr 1, 2011 10:51am
Lost 6 pips on the AUDUSD to gain 21.5 pips.Hopefully next week I will be able to get more demo pips.
With God all things are possible.
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