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5-min PASS (Price Action Scalper System)

  • #2,101
  • Apr 5, 2011 3:50pm Apr 5, 2011 3:50pm
Quoting Anu_
That's a good point.
Does the price normally hit the daily high during NY session?
Does the Tokyo open now or in 2 hrs?
I can't coment on how high price reaces in NY. But i was just saying that because of gbpusd tendency to hit the daily high now.

Tokyo opens in about 3 hours
  • #2,102
  • Apr 5, 2011 3:52pm Apr 5, 2011 3:52pm
you can check the each session hours at the forxfactory home page. Look at the top left handside of the page where the markets are listed. click on each market to see its hours, etc.
  • #2,103
  • Apr 5, 2011 7:26pm Apr 5, 2011 7:26pm
Quoting PurePrice
Action is sooo sloow now, and we may need to wait for Tokyo to see any real price movement. I know you need to get some sleep so you will likely miss out

there is the price movement we were expecting in Tokyo to drive the gbpusd up, as mentioned
  • #2,104
  • Apr 6, 2011 2:41am Apr 6, 2011 2:41am
Eu is testing 4300, long re-entry if we break that barrier
  • #2,105
  • Apr 6, 2011 2:43am Apr 6, 2011 2:43am
re-entry long if we break R1
  • #2,106
  • Apr 6, 2011 3:20am Apr 6, 2011 3:20am
bears have taken over, and profit taking i believe after the long bullish run since yesterday, gives us a good opportunity for re-entry, in my opinion.
  • #2,107
  • Apr 6, 2011 3:20am Apr 6, 2011 3:20am
Quoting kimoh
Eu is testing 4300, long re-entry if we break that barrier
Hey Kimoh, Given the big number and the weekly resistance lvl, would an early entry be overly risky? Would you wait and place a buy stop @ 1.4315 (above fractal) instead, even if another fractal shows up before? Thanks
Dave Toddler Pip Gatherer
  • #2,108
  • Apr 6, 2011 3:33am Apr 6, 2011 3:33am
ooops.... it happened! <as i composed>
  • #2,109
  • Apr 6, 2011 3:37am Apr 6, 2011 3:37am
Quoting argentino
Hey Kimoh, Given the big number and the weekly resistance lvl, would an early entry be overly risky? Would you wait and place a buy stop @ 1.4315 (above fractal) instead, even if another fractal shows up before? Thanks
absolutely... but also wait for the market to cool down after the reaction of the news... for gbp pairs esp tho sometimes by entension they may affect the eur as well
  • #2,110
  • Apr 6, 2011 4:43am Apr 6, 2011 4:43am
Quoting kimoh
absolutely... but also wait for the market to cool down after the reaction of the news... for gbp pairs esp tho sometimes by entension they may affect the eur as well
Unless a new up fractal forms anywhere above 1.4300 sooner...
Dave Toddler Pip Gatherer
  • #2,111
  • Apr 6, 2011 6:02am Apr 6, 2011 6:02am
LONG
  • #2,112
  • Apr 6, 2011 6:05am Apr 6, 2011 6:05am
Quoting kimoh
re-entry long if we break R1
re-entry above the trendline
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.JPG Size: 95 KB
  • #2,113
  • Apr 6, 2011 6:09am Apr 6, 2011 6:09am
anyone thinking re-entry?
  • #2,114
  • Apr 6, 2011 6:15am Apr 6, 2011 6:15am
PurePrice, how you do today?

does that qualify for a slanted W on GU?
  • #2,115
  • Apr 6, 2011 6:16am Apr 6, 2011 6:16am
Quoting kimoh
anyone thinking re-entry?
if we close above 14320, yes, however this is also R3 on my charts.
  • #2,116
  • Apr 6, 2011 6:17am Apr 6, 2011 6:17am
Quoting kimoh
PurePrice, how you do today?

does that qualify for a slanted W on GU?

ABSOLUTELY .. that is a slanted W on GU, and we are waiting for 5-min EMAs to stack up correcty
  • #2,117
  • Apr 6, 2011 6:23am Apr 6, 2011 6:23am
Valid PASS long entry after down fractal forms, no?
+15 pips (TP1) on USDCHF , moved stop to +15 and letting the 2nd lot go...
Dave Toddler Pip Gatherer
  • #2,118
  • Apr 6, 2011 6:29am Apr 6, 2011 6:29am
Quoting argentino
Valid PASS long entry after down fractal forms, no?
+15 pips (TP1) on USDCHF , moved stop to +15 and letting the 2nd lot go...

you just lost me there argentino. are you talking about usdchf or eurusd? post charts if you an please
  • #2,119
  • Apr 6, 2011 6:34am Apr 6, 2011 6:34am
seems like a nice short re-entry target S2, though 1H has not crossed fully
  • #2,120
  • Apr 6, 2011 6:34am Apr 6, 2011 6:34am
Quoting PurePrice
you just lost me there argentino. are you talking about usdchf or eurusd? post charts if you an please
Sorry bout that. I was asking for confirmation on EURUSD long entry and also excited about my UDSCHF trade:

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 32 KB
Dave Toddler Pip Gatherer
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