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5-min PASS (Price Action Scalper System)

  • #2,521
  • Apr 13, 2011 12:59am Apr 13, 2011 12:59am
Quoting PurePrice
another slow asian session, as usual.. that is why i hate trading this session nothing much happens. But sometimes you get nice action, like last night, which i missed, of course
wonder why the market does that to its noble participants
  • #2,522
  • Apr 13, 2011 1:18am Apr 13, 2011 1:18am
Quoting Anu_
Hi PP,
Okay, here it is.. the performance of 59 trades I back tested between 21st March - 08th April....
Round of applause to Anu for a job well done

going through some of the trades...

Thanks for your analysis man
  • #2,523
  • Apr 13, 2011 1:39am Apr 13, 2011 1:39am
Good morning everyone...

what are we watching?
  • #2,524
  • Apr 13, 2011 2:16am Apr 13, 2011 2:16am
watching for long re--entry
  • #2,525
  • Apr 13, 2011 2:19am Apr 13, 2011 2:19am
strong resistnace around 4519 area , if we break that its a home run i believe
  • #2,526
  • Apr 13, 2011 5:30am Apr 13, 2011 5:30am
another boring day... anyone with a semblance of a potential trade?

  • #2,527
  • Apr 13, 2011 6:44am Apr 13, 2011 6:44am
Quoting kimoh
strong resistnace around 4519 area , if we break that its a home run i believe

Agreed, we need to cleanly clear this level with conviction and we will see some nice up pips on this one as the 14520 level has been a stubborn resistance.
  • #2,528
  • Apr 13, 2011 6:49am Apr 13, 2011 6:49am
Quoting PurePrice
Agreed, we need to cleanly clear this level with conviction and we will see some nice up pips on this one as the 14520 level has been a stubborn resistance.
strong historical resistance...

Good day PP,

turn your monitor upside down, may be pips are stuck there
  • #2,529
  • Apr 13, 2011 7:04am Apr 13, 2011 7:04am
GJ testing 137.00 for the nth time today
  • #2,530
  • Apr 13, 2011 7:07am Apr 13, 2011 7:07am
Quoting kimoh
strong historical resistance...

Good day PP,

turn your monitor upside down, may be pips are stuck there
that did not work
  • #2,531
  • Apr 13, 2011 7:08am Apr 13, 2011 7:08am
Quoting kimoh
GJ testing 137.00 for the nth time today

The H1 EMAs are stacked SHORT (and slope is flat right now)
  • #2,532
  • Apr 13, 2011 7:47am Apr 13, 2011 7:47am
Quoting PurePrice
The H1 EMAs are stacked SHORT (and slope is flat right now)
ok, i think i'm tired and forcing it...been a lucklustre day...

call it a day, let me catch some soccer...

All the best in NY guyz... happy hunting
  • #2,533
  • Apr 13, 2011 7:56am Apr 13, 2011 7:56am
Quoting Anu_
You have a very good point!!!!

UK time changed to Summer time on Sunday 3rd April. So all trades between 21st March - 01st April has the 4 hr difference, i.e. GMT.
From 4th April onwards it should be GMT +1.
Hopefully you should be able to replicate some of those trades now.
I am glad it came out like this accidentally..
hi Anu , can you post your trade today in the chart please ?

thank you !
  • #2,534
  • Apr 13, 2011 7:57am Apr 13, 2011 7:57am
on eur usd m5 signal short now ?
  • #2,535
  • Apr 13, 2011 8:17am Apr 13, 2011 8:17am
Quoting wallstreet03
on eur usd m5 signal short now ?
No SHORTS, the EMAs are LONG on higher TF
  • #2,536
  • Apr 13, 2011 8:23am Apr 13, 2011 8:23am
Quoting PurePrice
No SHORTS, the EMAs are LONG on higher TF

I watch ema on m5 ! you ?
  • #2,537
  • Apr 13, 2011 8:33am Apr 13, 2011 8:33am
here the signal !

is it right ?
Attached Image (click to enlarge)
Click to Enlarge Name: 1a.JPG Size: 236 KB
  • #2,538
  • Apr 13, 2011 9:05am Apr 13, 2011 9:05am
Quoting wallstreet03
I watch ema on m5 ! you ?

To trade with the trend, you need to wath EMAs on 15-min and 60-min charts. If you don't want to trade with the trend, you cna just watch the 5-min charts. I normally like to trade with the trend. If you want to trade against the trend, go for quick small TP (5-10 pips).
  • #2,539
  • Apr 13, 2011 9:06am Apr 13, 2011 9:06am
Quoting wallstreet03
here the signal !

is it right ?

I do not see your EMAs on the chart you posted. I am not sure what your setup is
  • #2,540
  • Apr 13, 2011 11:46am Apr 13, 2011 11:46am
I have been watching this for a couple days got a nice 30 pip break out on ej today...
Attached Image (click to enlarge)
Click to Enlarge Name: ej short.gif Size: 31 KB
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