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5-min PASS (Price Action Scalper System)

  • #2,441
  • Apr 11, 2011 8:38am Apr 11, 2011 8:38am
Much appreciated.
  • #2,442
  • Apr 11, 2011 8:40am Apr 11, 2011 8:40am
this one looks nice for a short, BUT if you draw your hourly trendline, you will see it is sitting right at the line, whih gives it support, be careful of this level Kimoh
  • #2,443
  • Apr 11, 2011 8:43am Apr 11, 2011 8:43am
EU broken R3
  • #2,444
  • Apr 11, 2011 8:47am Apr 11, 2011 8:47am
Quoting PurePrice
1/2 at +22 pips
1/2 at +12 pips
giving it a 2nd push
  • #2,445
  • Apr 11, 2011 8:52am Apr 11, 2011 8:52am
Quoting kimoh
giving it a 2nd push

I see ... it was waiting for me to square off my positions lol
  • #2,446
  • Apr 11, 2011 8:54am Apr 11, 2011 8:54am
Quoting forex1962
EU broken R3

EU daily is in upchannel, however the price is at the upper end of that channel for now. IF broken (I think we need to clear 4500 nicely) we can see nice acceleration up, however, it may just get rejected and move down to the lower end of the chanel.
  • #2,447
  • Apr 11, 2011 8:55am Apr 11, 2011 8:55am
If EU breaks 447 convincingly looking good for a long, breaks 4485, I'm putting the house on it! well maybe not but could be in for something..
  • #2,448
  • Apr 11, 2011 8:56am Apr 11, 2011 8:56am
Quoting PurePrice
this one looks nice for a short, BUT if you draw your hourly trendline, you will see it is sitting right at the line, whih gives it support, be careful of this level Kimoh
got it, PP thanks for the heads up
  • #2,449
  • Apr 11, 2011 9:04am Apr 11, 2011 9:04am
Quoting PurePrice
I see ... it was waiting for me to square off my positions lol
moved my SL to down fractal at 6376, i think willl bombard that 6400 number
  • #2,450
  • Apr 11, 2011 9:07am Apr 11, 2011 9:07am
Quoting Pip Assassin
PurePrice, can you look at my post #2430 please ?

I used an early (re-entry) method along with slanted "W" pattern formation for this Long trade... chart attached below
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 30 KB
  • #2,451
  • Apr 11, 2011 9:12am Apr 11, 2011 9:12am
Thanks, PurePrice, that's what I thought, so no we have late ( or normal) entry as well.
  • #2,452
  • Apr 11, 2011 9:13am Apr 11, 2011 9:13am
Quoting kimoh
moved my SL to down fractal at 6376, i think willl bombard that 6400 number

this one looks like it is running out of steam I think, that is why I cashed in early ... with no news to dirve it through the figure, I find it hard for the price to crack 6400. But who knows, it the forex market and the market wil do what it wants to do, not what we think it wil do. Patience and tenacity pays off well sometimes.
  • #2,453
  • Apr 11, 2011 9:23am Apr 11, 2011 9:23am
Quoting forex1962
If EU breaks 447 convincingly looking good for a long, breaks 4485, I'm putting the house on it! well maybe not but could be in for something..

Looks like 4470 is kiling the EU for now.
  • #2,454
  • Apr 11, 2011 9:37am Apr 11, 2011 9:37am
I've gotta go out for a couple of hours now, picking up my new carbon bike, oh yes.
You can put all your money on some big moves now I'm out of it...just kidding....good luck everyone catch you later.
  • #2,455
  • Apr 11, 2011 9:42am Apr 11, 2011 9:42am
Quoting PurePrice
this one looks like it is running out of steam I think, that is why I cashed in early ... with no news to dirve it through the figure, I find it hard for the price to crack 6400. But who knows, it the forex market and the market wil do what it wants to do, not what we think it wil do. Patience and tenacity pays off well sometimes.
i agree, the momentum is dying out... just cashed in 1/2 of remaining 1/2 at 6402 for 30 pips... the rest can ride with it wherever it wants to go
  • #2,456
  • Apr 11, 2011 9:44am Apr 11, 2011 9:44am
Quoting kimoh
i agree, the momentum is dying out... just cashed in 1/2 of remaining 1/2 at 6402 for 30 pips... the rest can ride with it wherever it wants to go
i just tricked the market, it thought i was out completely
  • #2,457
  • Apr 11, 2011 10:00am Apr 11, 2011 10:00am
Quoting kimoh
i just tricked the market, it thought i was out completely

HEHE

I should've stuck to my original plan ... oh well
  • #2,458
  • Apr 11, 2011 10:06am Apr 11, 2011 10:06am
Quoting PurePrice
HEHE

I should've stuck to my original plan ... oh well
seems like the cable is done for the day after hitting that swing high... i dont see more moves up.. unless prince William calls off the wedding
  • #2,459
  • Apr 11, 2011 10:08am Apr 11, 2011 10:08am
Quoting kimoh
seems like the cable is done for the day after hitting that swing high... i dont see more moves up.. unless prince William calls off the wedding

HE is getting married?????
  • #2,460
  • Apr 11, 2011 3:22pm Apr 11, 2011 3:22pm
hmmm
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