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5-min PASS (Price Action Scalper System)

  • #2,321
  • Apr 8, 2011 5:44am Apr 8, 2011 5:44am
Quoting Anu_
Any one considered re-entry on E/J around 12287 and E/U around 14409?
I did .. Any one disagree ??
I'm in EU @ 1.4408. havent looked at EJ.
Dave Toddler Pip Gatherer
  • #2,322
  • Apr 8, 2011 5:46am Apr 8, 2011 5:46am
Get ready to go long ..... Re-entry chance .... around 8530 if teh MCTL is broken
  • #2,323
  • Apr 8, 2011 5:46am Apr 8, 2011 5:46am
Taking a few pips out of EG just after R1
Attached Image (click to enlarge)
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  • #2,324
  • Apr 8, 2011 6:00am Apr 8, 2011 6:00am
Quoting forex1962
Taking a few pips out of EG just after R1
Good one..
I was reluctant to buy just below 8800, when I saw it..
  • #2,325
  • Apr 8, 2011 6:12am Apr 8, 2011 6:12am
is imminent ..
  • #2,326
  • Apr 8, 2011 6:17am Apr 8, 2011 6:17am
Quoting forex1962
Ok, open a M1 chart, drag the indi onto your chart you should get a message in the top left corner telling you to open an offline chart (usually M2).
Open the chart offline (file/open offline) but keep the other chart open as this feeds the 'offline' chart.
You can change the brick size through the indi, I use a 5 pip brick (if your broker uses 5 place prices eg 1.61234 you need to make your brick size 50).
It sounds complicated but it really isn't, if you've got problems pm me and I'll help you out.
If you have a look at the attached chart you...
Thanks forex1962.
  • #2,327
  • Apr 8, 2011 6:17am Apr 8, 2011 6:17am
Quoting Anu_
is imminent ..
lotta news out of Canada...
Dave Toddler Pip Gatherer
  • #2,328
  • Apr 8, 2011 6:18am Apr 8, 2011 6:18am
Quoting Anu_
is imminent ..
No good for me with a 5 pip spread, where are you thinking of entering?
  • #2,329
  • Apr 8, 2011 6:38am Apr 8, 2011 6:38am
I see some poeple are kicking ass on the market today and makng up for yesterdays BS
  • #2,330
  • Apr 8, 2011 6:40am Apr 8, 2011 6:40am
Quoting PurePrice
I see some poeple are kicking ass on the market today and makng up for yesterdays BS
Hi PP
Please could you have alook at post 2313 and tell me what you think.
  • #2,331
  • Apr 8, 2011 6:40am Apr 8, 2011 6:40am
I see my favourite pair (gbpusd) has retraced some good number of pips to make it a possibe healthy pulback trade for over 50 pips, making it worth watching (at least for me) for re-entry later on in NY
  • #2,332
  • Apr 8, 2011 6:46am Apr 8, 2011 6:46am
Quoting forex1962
Hi PP
Please could you have alook at post 2313 and tell me what you think.
Renko bars eh. I believe I mentioned this yesterday that I am not too famiiar with these bars, and can't comment on them currenty, however, I have aways found them interesting (without realy understanding them). I would need to look inot this further to make any intelligent comments on it. However, seeing that you are so familiar with it, you can certainly help the group by testing it with PASS maybe, and then report back your findings?

This month I am part of the surefire trading challange, so dont have much time to test ... I am trying to be in top 20 of 1400+ traders and it is not easy
  • #2,333
  • Apr 8, 2011 6:49am Apr 8, 2011 6:49am
Quoting PurePrice
Renko bars eh....
Ok, good luck with that!, interesting and appealing part of renko for me is it takes time out of the equation, simply working with price.
I've always had a soft spot for renko as it's the first time I became profitable after another trader showed me his strategy.
Keep up the good work and great thread.
  • #2,334
  • Apr 8, 2011 6:54am Apr 8, 2011 6:54am
Quoting forex1962
Ok, good luck with that!, interesting and appealing part of renko for me is it takes time out of the equation, simply working with price.
I've always had a soft spot for renko as it's the first time I became profitable after another trader showed me his strategy.
Keep up the good work and great thread.

so you are saying the advantage of renko is that it keeps you in the trade longer... is that not the same as having a 10 pip TS?
  • #2,335
  • Apr 8, 2011 6:57am Apr 8, 2011 6:57am
we might have a entry here soon as ema are almost getting there
  • #2,336
  • Apr 8, 2011 7:02am Apr 8, 2011 7:02am
Quoting PurePrice
so you are saying the advantage of renko is that it keeps you in the trade longer... is that not the same as having a 10 pip TS?
Yes it is, and for me it makes the reading of mas a lot less subjective as you're only looking at one 'time frame' and I find the charts a lot easier to read.
But maybe thats just me!
  • #2,337
  • Apr 8, 2011 7:04am Apr 8, 2011 7:04am
enrty above resistance around 7808
  • #2,338
  • Apr 8, 2011 7:14am Apr 8, 2011 7:14am
Quoting kimoh
we might have a entry here soon as ema are almost getting there

entry Long soon??
  • #2,339
  • Apr 8, 2011 7:15am Apr 8, 2011 7:15am
Quoting forex1962
Yes it is, and for me it makes the reading of mas a lot less subjective as you're only looking at one 'time frame' and I find the charts a lot easier to read.
But maybe thats just me!

sounds good ..... i was just trying to understand if it was the same as I thought, and you confirmed. Thank you for that
  • #2,340
  • Apr 8, 2011 7:18am Apr 8, 2011 7:18am
Quoting PurePrice
entry Long soon??
yes, emas are stacking up... one final push... weneed some movement from guyz on EST...

PP can you shake your monitor relly hard
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