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5-min PASS (Price Action Scalper System)

  • #2,401
  • Apr 11, 2011 1:41am Apr 11, 2011 1:41am
Quoting forex1962
Good morning, I'm keeping my eye on EU breaking 445 short, nearly there, just need the 15m and 1h to line up now.
good morning...
I think we could bag at least safe 15 pips on cable short actually by going short at 16364 area. only the issue was only two H1 EMAs were stacking up, not all 3 which is a common feature when they are at the turning point.

Any thoughts on this pls?
  • #2,402
  • Apr 11, 2011 1:41am Apr 11, 2011 1:41am
Quoting A95h
There are news in 9 min for euro
Not a big one though, but won't have a setup by then any way.
Wait and see if 4438 R3 is broken easily, could be a sign of things to come...!
  • #2,403
  • Apr 11, 2011 1:44am Apr 11, 2011 1:44am
Quoting Anu_
good morning...
I think we could bag at least safe 15 pips on cable short actually by going short at 16364 area. only the issue was only two H1 EMAs were stacking up, not all 3 which is a common feature when they are at the turning point.

Any thoughts on this pls?
Cables at 16334 now, think I'll wait to London opens, but then again....
6325 looks significant (orange line).
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 37 KB
  • #2,404
  • Apr 11, 2011 1:51am Apr 11, 2011 1:51am
Quoting forex1962
Not a big one though, but won't have a setup by then any way.
Wait and see if 4438 R3 is broken easily, could be a sign of things to come...!
my daily CPP is at 14221 and daily M2 at 14486. daily R3 is at 14748. Thsi is based on the GMT mid night - midnight pivots. How are your pivots calculated pls as your R3 seem to be miles away from mine.
  • #2,405
  • Apr 11, 2011 1:58am Apr 11, 2011 1:58am
anyone watching GJ short re-entry
  • #2,406
  • Apr 11, 2011 2:08am Apr 11, 2011 2:08am
Quoting Anu_
my daily CPP is at 14221 and daily M2 at 14486. daily R3 is at 14748. Thsi is based on the GMT mid night - midnight pivots. How are your pivots calculated pls as your R3 seem to be miles away from mine.
Sorry, bit tied up there, ignore sundays.
Looking for a bounce on the pivot 6306
  • #2,407
  • Apr 11, 2011 2:17am Apr 11, 2011 2:17am
Quoting forex1962
Cables at 16334 now, think I'll wait to London opens, but then again....
6325 looks significant (orange line).
6314 is a significant S/R area as well
  • #2,408
  • Apr 11, 2011 3:38am Apr 11, 2011 3:38am
Quoting kimoh
6314 is a significant S/R area as well
Too boring, off out on my bike..........
  • #2,409
  • Apr 11, 2011 3:42am Apr 11, 2011 3:42am
Quoting forex1962
Too boring, off out on my bike..........
some action!

trend or fake out
  • #2,410
  • Apr 11, 2011 3:46am Apr 11, 2011 3:46am
Quoting forex1962
Cables at 16334 now, think I'll wait to London opens, but then again....
6325 looks significant (orange line).
In this attached image indicators are repainting our not ?
email: fxpro8@gmx. com
  • #2,411
  • Apr 11, 2011 3:57am Apr 11, 2011 3:57am
Thanks to PP for starting this thread.

Please could anyone illustrate with a chart what is meant by allowing 15 min and 1hour time frames to allign with 5 min set up or trend before taking a particular trade?

Thanks.
  • #2,412
  • Apr 11, 2011 6:49am Apr 11, 2011 6:49am
Quoting forex1962
Cables at 16334 now, think I'll wait to London opens, but then again....
6325 looks significant (orange line).
hey bro...mind to share used indis and template?

would appreciate your effort

best regards
Jonas
Hero calls followed by margin calls...
  • #2,413
  • Apr 11, 2011 6:50am Apr 11, 2011 6:50am
Quoting ikeo
Thanks to PP for starting this thread.

Please could anyone illustrate with a chart what is meant by allowing 15 min and 1hour time frames to allign with 5 min set up or trend before taking a particular trade?

Thanks.
this is a random chart <not current> for a long trade, the ema on those TF should be as seen, and opposite is true for a short
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.JPG Size: 98 KB
  • #2,414
  • Apr 11, 2011 7:00am Apr 11, 2011 7:00am
Quoting PhAnTi'
hey bro...mind to share used indis and template?

would appreciate your effort

best regards
Jonas
Hi Jonas,
Sorry haven't got back to you yet, click on the link
http://www.forexfactory.com/showpost...&postcount=191
  • #2,415
  • Apr 11, 2011 7:03am Apr 11, 2011 7:03am
Quoting forex1962
Hi Jonas,
Sorry haven't got back to you yet, click on the link
http://www.forexfactory.com/showpost...&postcount=191
no problem bro !
but i guess this is the wrong link? ^^

kindest regards
Jonas
Hero calls followed by margin calls...
  • #2,416
  • Apr 11, 2011 7:53am Apr 11, 2011 7:53am
Thank you Kimoh for attempting to answer the question about how the 15m and 1hr time frames allign with the principal 5m time frame before we take a trade from 5m time frame. I already knew how to enter a trade with this system on 5 min time frame; I just wanna know how the 15 min and 1hr time frames would look like before taking a trade that has matured already in 5 min time frame.

Maybe we wait for PP to come back from work to do justice to the question on post #2411.
Thanks anyway buddy(Kimoh). Please anyone who understands that question on post #2411 could answer it. I recollect that this question was asked earlier by someone else, but PP seemed to have forgotten to deal with it.
Please, in dealing with the question ,attached charts of the three time frames would be appreciated.

Thanks.
  • #2,417
  • Apr 11, 2011 8:12am Apr 11, 2011 8:12am
going long the Cable
  • #2,418
  • Apr 11, 2011 8:13am Apr 11, 2011 8:13am
Quoting PurePrice
going long the Cable
target 6400
  • #2,419
  • Apr 11, 2011 8:15am Apr 11, 2011 8:15am
Quoting ikeo
Thank you Kimoh for attempting to answer the question about how the 15m and 1hr time frames allign with the principal 5m time frame before we take a trade from 5m time frame. I already knew how to enter a trade with this system on 5 min time frame; I just wanna know how the 15 min and 1hr time frames would look like before taking a trade that has matured already in 5 min time frame.

Maybe we wait for PP to come back from work to do justice to the question on post #2411.
Thanks anyway buddy(Kimoh). Please anyone who understands that question on...

This questions has been asked and aqnswered before.

Basically on the 15-min and on the 60-min charts, you need to make sure that you EMAs are stacked up correctly for the trade you are about to take. For a long trade, EMA6 needs to be higher than EMA12 which needs to be higher than the EMA48. For short trades, EMA6 needs to be lower than EMA12 which needs to be lower thn EMA48. These same conditions need to exist on your 5-min chart as well when you take the trade.
  • #2,420
  • Apr 11, 2011 8:15am Apr 11, 2011 8:15am
Quoting kimoh
target 6400
I'm getting a bit of deja vu here.........
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