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5-min PASS (Price Action Scalper System)

  • #2,221
  • Apr 7, 2011 8:50am Apr 7, 2011 8:50am
Quoting Anu_
If anyone traded as ususal and survived on the plus side today he or she is a genius!! .
I'm definitely not a genius, but up 3.2 pct for the day.
  • #2,222
  • Apr 7, 2011 9:00am Apr 7, 2011 9:00am
Quoting Pip Assassin
I'm definitely not a genius, but up 3.2 pct for the day.
good job, and very brave.

Did you use PASS for any of those trades?
  • #2,223
  • Apr 7, 2011 9:06am Apr 7, 2011 9:06am
Quoting PurePrice
good job, and very brave.

Did you use PASS for any of those trades?
PASS, pass and PASS only ! Risking 1.1 % on futures.
  • #2,224
  • Apr 7, 2011 9:10am Apr 7, 2011 9:10am
Quoting Pip Assassin
PASS, pass and PASS only ! Risking 1.1 % on futures.

That is good stuff.

Are you trading curreny futures contracts, not spot?
  • #2,225
  • Apr 7, 2011 9:19am Apr 7, 2011 9:19am
yes, currency futures and oil with mini Dow. I want to thank you Pure Price for your system. Quite interesting coincidence - in last 3 weeks I developed profitable trading system with Gmma and was planing to jump the gun with real money from this Monday, but on last Friday I spotted your system and it was like light at the end of tunel ( lets hope that's not light of incoming train ;-)), because now I can have more grounded assessement for trades I take. I was experimenting on Gmma and fractals - but I didn't find a breakthrough like you did. Thanks !
  • #2,226
  • Apr 7, 2011 9:21am Apr 7, 2011 9:21am
Quoting Pip Assassin
yes, currency futures and oil with mini Dow. I want to thank you Pure Price for your system. Quite interesting coincidence - in last 3 weeks I developed profitable trading system with Gmma and was planing to jump the gun with real money from this Monday, but on last Friday I spotted your system and it was like light at the end of tunel ( lets hope that's not light of incoming train ;-)), because now I can have more grounded assessement for trades I take. I was experimenting on Gmma and fractals - but I didn't find a breakthrough like you did. Thanks...

You are welcome .. I am glad I could help.

May I ask who you are trading furtures with? Are they reputable company?
  • #2,227
  • Apr 7, 2011 9:22am Apr 7, 2011 9:22am
Quoting PurePrice
WHY??

because of two techical reasons.
1-It is at the bottom boundary of an uptrend hourly channel, and
2-it is at 50% Fib retracement of last move up on hourly

check your houly chart for eurusd, and maybe you want to wait for 5-min PASS entry long

it is going up now, as expected, however, let's see if we can clear daily PP which is also big figure 1.4300 before heading up
  • #2,228
  • Apr 7, 2011 9:22am Apr 7, 2011 9:22am
I work with one of the best I think - Interractive brokers.
  • #2,229
  • Apr 7, 2011 9:26am Apr 7, 2011 9:26am
Quoting PurePrice
it is going up now, as expected, however, let's see if we can clear daily PP which is also big figure 1.4300 before heading up
Stick around for the ride up
  • #2,230
  • Apr 7, 2011 9:38am Apr 7, 2011 9:38am
Quoting PurePrice
Stick around for the ride up
BLAH .. got rejected at the figure
  • #2,231
  • Apr 7, 2011 9:39am Apr 7, 2011 9:39am
Quoting PurePrice
WHY??

because of two techical reasons.
1-It is at the bottom boundary of an uptrend hourly channel, and
2-it is at 50% Fib retracement of last move up on hourly

check your houly chart for eurusd, and maybe you want to wait for 5-min PASS entry long
Can you believe it ? I am off this week and thought I 'd do trading all week as a trail run. Since Monday it has been one thign or another making the mkt volatile.
  • #2,232
  • Apr 7, 2011 9:41am Apr 7, 2011 9:41am
Quoting Anu_
Can you believe it ? I am off this week and thought I 'd do trading all week as a trail run. Since Monday it has been one thign or another making the mkt volatile.

Yeah, that is sucky eh! There is alotta news moving the market this week, and it is not really letting the market trend.
  • #2,233
  • Apr 7, 2011 9:44am Apr 7, 2011 9:44am
Quoting PurePrice
BLAH .. got rejected at the figure
well, maybe it will try the 1.4300 again. I am hoping for the huge 1.4500 figure this week
  • #2,234
  • Apr 7, 2011 9:49am Apr 7, 2011 9:49am
Quoting PurePrice
well, maybe it will try the 1.4300 again. I am hoping for the huge 1.4500 figure this week
it is bumping up against the 4300 again . let's see if it will clear it this time around
  • #2,235
  • Apr 7, 2011 9:49am Apr 7, 2011 9:49am
Looks like it is going to test again.

Quoting PurePrice
BLAH .. got rejected at the figure
  • #2,236
  • Apr 7, 2011 9:51am Apr 7, 2011 9:51am
Quoting PurePrice
well, maybe it will try the 1.4300 again. I am hoping for the huge 1.4500 figure this week
Yes, as I also heard the long term belief is that both euro and cable to go long at least a couple of hundreds pips more.

And last night did u manage to salvage at least a few pips from the gbpusd trade. . I finally closed with 10 pips in the bag.
How was the Asian session ?
  • #2,237
  • Apr 7, 2011 9:54am Apr 7, 2011 9:54am
Quoting Anu_
Yes, as I also heard the long term belief is that both euro and cable to go long at least a couple of hundreds pips more.

And last night did u manage to salvage at least a few pips from the gbpusd trade. . I finally closed with 10 pips in the bag.
How was the Asian session ?

Yeah I close with 15 pips. Asia was horrific. They just drove the gpbusd and eurusd down all the way, which is the opposite of what I was hoping they would do. I guess it was proofit taking on those long positions in london and NY.
  • #2,238
  • Apr 7, 2011 9:56am Apr 7, 2011 9:56am
So, we want it go long, break 14300 and then wait for a pull back with the EMAs to get lined up nicely again in both 15M and 5M TFs.
  • #2,239
  • Apr 7, 2011 9:57am Apr 7, 2011 9:57am
taking another shot at the round number here
  • #2,240
  • Apr 7, 2011 9:58am Apr 7, 2011 9:58am
Quoting PurePrice
Yeah I close with 15 pips. Asia was horrific. They just drove the gpbusd and eurusd down all the way, which is the opposite of what I was hoping they would do. I guess it was proofit taking on those long positions in london and NY.
yea..h, overnight it is mostly automated software for LDN and NY closing positions little by little I think based on Asian session moves.
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