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5-min PASS (Price Action Scalper System)

  • #2,341
  • Apr 8, 2011 7:20am Apr 8, 2011 7:20am
Quoting kimoh
yes, emas are stacking up... one final push... weneed some movement from guyz on EST...

PP can you shake your monitor relly hard
I can't see this, you're heading straight into R1 and where do you see the break?
  • #2,342
  • Apr 8, 2011 7:27am Apr 8, 2011 7:27am
Quoting forex1962
I can't see this, you're heading straight into R1 and where do you see the break?
if we break the resistance around the double top, i think it will rush to R1 for about 50pips
  • #2,343
  • Apr 8, 2011 7:34am Apr 8, 2011 7:34am
Quoting kimoh
if we break the resistance around the double top, i think it will rush to R1 for about 50pips
I think I must be looking at a different chart, good luck though!
  • #2,344
  • Apr 8, 2011 7:37am Apr 8, 2011 7:37am
New to this thread but have been reading through it. I have last fractal for long at 4419. EMA are stacking up so an entry would be 4419 + 2 pips + spread = 4423?
  • #2,345
  • Apr 8, 2011 7:46am Apr 8, 2011 7:46am
Quoting BJ1
New to this thread but have been reading through it. I have last fractal for long at 4419. EMA are stacking up so an entry would be 4419 + 2 pips + spread = 4423?
That's how I would see it, but price too high for me.
  • #2,346
  • Apr 8, 2011 7:51am Apr 8, 2011 7:51am
Quoting forex1962
That's how I would see it, but price too high for me.
Yes, agree. I just wanted to confirm that I understand the setup per the rules. When going short, do you add the spread to the entry price as well? How is the RSI used in this strategy?
  • #2,347
  • Apr 8, 2011 8:02am Apr 8, 2011 8:02am
Quoting BJ1
Yes, agree. I just wanted to confirm that I understand the setup per the rules. When going short, do you add the spread to the entry price as well? How is the RSI used in this strategy?
I would add the spread long and short, I believe the RSI is just for extra confirmation but not necessary.
  • #2,348
  • Apr 8, 2011 8:46am Apr 8, 2011 8:46am
we have W formation as double bottom at old reistance turned support, plus we broke through MCTL and EMAs are stacked up long
  • #2,349
  • Apr 8, 2011 8:52am Apr 8, 2011 8:52am
Quoting PurePrice
we have W formation as double bottom at old reistance turned support, plus we broke through MCTL and EMAs are stacked up long
Looking at it closely, what about 1.6400 being so close. Isn't that a concern?
Dave Toddler Pip Gatherer
  • #2,350
  • Apr 8, 2011 8:58am Apr 8, 2011 8:58am
Quoting argentino
Looking at it closely, what about 1.6400 being so close. Isn't that a concern?

Yes, it is .. but you have 15 pips to go unti 16400, and last swing high was 16427, so we have some room for a move up
  • #2,351
  • Apr 8, 2011 9:00am Apr 8, 2011 9:00am
Quoting PurePrice
Yes, it is .. but you have 15 pips to go unti 16400, and last swing high was 16427, so we have some room for a move up

In addition, the EURUSD has been kicking ass. so maybe gbpusd will follow suit
  • #2,352
  • Apr 8, 2011 9:03am Apr 8, 2011 9:03am
Quoting PurePrice
In addition, the EURUSD has been kicking ass. so maybe gbpusd will follow suit
I'm in, need some beer money for tonight..........
  • #2,353
  • Apr 8, 2011 9:05am Apr 8, 2011 9:05am
Quoting forex1962
I'm in, need some beer money for tonight..........

HAHA ..

Actualy I broke my own rule of not waiting till EMAs stacked up, and got in early on this one when the MCTL was broke, and we have W formation ... gave me reason enough to go in early especialy that bounce was at Suport, been in long since 1.6360
  • #2,354
  • Apr 8, 2011 9:15am Apr 8, 2011 9:15am
collected 30 pips by going long on Euro from 14409. Took 4 hrs though ....
  • #2,355
  • Apr 8, 2011 9:18am Apr 8, 2011 9:18am
Quoting Anu_
collected 30 pips by going long on Euro from 14409. Took 4 hrs though ....
yuh tired fi real.
With God all things are possible.
  • #2,356
  • Apr 8, 2011 9:23am Apr 8, 2011 9:23am
Quoting Anu_
collected 30 pips by going long on Euro from 14409. Took 4 hrs though ....

nice work ... yeah the eurusd has been very slow the last couple days
  • #2,357
  • Apr 8, 2011 9:26am Apr 8, 2011 9:26am
The GBPUSD turned back and took out my stop loss of 8.9 pips.
With God all things are possible.
  • #2,358
  • Apr 8, 2011 9:27am Apr 8, 2011 9:27am
watch this pair for a possibe re-entry long in the near future
  • #2,359
  • Apr 8, 2011 9:27am Apr 8, 2011 9:27am
All the fun was last night after Tokyo opening.
With God all things are possible.
  • #2,360
  • Apr 8, 2011 9:31am Apr 8, 2011 9:31am
Quoting Dehyah
All the fun was last night after Tokyo opening.
That was fun indeed, but there is always more fun to be had stick around.
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