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5-min PASS (Price Action Scalper System)

  • #2,561
  • Apr 14, 2011 9:22am Apr 14, 2011 9:22am
Quoting forex1962
pp I took a swing on 450, this b**** won't break it, we're gonna be bouncing up and down there for a while unless something big breaks...but I luv this renko..!

You luv Renko ?? I thought you luv PASS
  • #2,562
  • Apr 14, 2011 9:23am Apr 14, 2011 9:23am
Quoting PurePrice
You luv Renko ?? I thought you luv PASS
I luv everyone, use your mas in renko forget the different time frames.......this babys given me a long weekend of fun.......
Attached Image (click to enlarge)
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  • #2,563
  • Apr 14, 2011 9:30am Apr 14, 2011 9:30am
Quoting forex1962
I luv everyone, use your mas in renko forget the different time frames.......

the shape of the candles tell me alot, I like to use candle formations to make decision. Renko takes ability that away from me
  • #2,564
  • Apr 14, 2011 9:32am Apr 14, 2011 9:32am
Quoting PurePrice
here is the setup

AH, perrrrrfect price action for +20 and +40 on this baby
  • #2,565
  • Apr 14, 2011 9:32am Apr 14, 2011 9:32am
Quoting PurePrice
the shape of the candles tell me alot, I like to use candle formations to make decision. Renko takes ability that away from me
That's a double edge sword believe me...straight thru pivot game on.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 28 KB
  • #2,566
  • Apr 14, 2011 9:36am Apr 14, 2011 9:36am
Quoting forex1962
That's a double edge sword believe me.
I believe you. I will give this Renko bars a try once I am comfortable with how it works. I will stil have my normal candlestick charts u I think, I just can't live without them and it maybe cuz I am so used to seeing them that I feel like I am driving without a map
  • #2,567
  • Apr 14, 2011 9:37am Apr 14, 2011 9:37am
Quoting forex1962
I luv everyone, use your mas in renko forget the different time frames.......this babys given me a long weekend of fun.......
Hi everyone, please share your template.

Thank's very much!!
  • #2,568
  • Apr 14, 2011 9:37am Apr 14, 2011 9:37am
i took a small loss -8 on a eu short then thing turned and made +44 on this one...

early entry but was risky as price was coming into the hour ema...
Attached Image (click to enlarge)
Click to Enlarge Name: eu long thurs.gif Size: 19 KB
  • #2,569
  • Apr 14, 2011 9:41am Apr 14, 2011 9:41am
Quoting PurePrice
AH, perrrrrfect price action for +20 and +40 on this baby

chart of the closed trade
Attached Image (click to enlarge)
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  • #2,570
  • Apr 14, 2011 9:42am Apr 14, 2011 9:42am
Quoting brettM
i took a small loss -8 on a eu short then thing turned and made +44 on this one...

early entry but was risky as price was coming into the hour ema...

Brett,

How do you keep the arrows of your trade entry and closure on the chart? I normally see these on trades done by EAs, but not manually.
  • #2,571
  • Apr 14, 2011 9:49am Apr 14, 2011 9:49am
Quoting PurePrice
Brett,

How do you keep the arrows of your trade entry and closure on the chart?
open up your account history left click and hold the closed trade line and drag up to your chart and release.

Nice trade on the GU it pushed my EU to my profit target..
  • #2,572
  • Apr 14, 2011 9:52am Apr 14, 2011 9:52am
Quoting brettM
open up your account history left click and hold the closed trade line and drag up to your chart and release.

Nice trade on the GU it pushed my EU to my profit target..

AH YES, that is beautiful, thanks Brett. here is mine
Attached Image (click to enlarge)
Click to Enlarge Name: mt10.gif Size: 20 KB
  • #2,573
  • Apr 14, 2011 9:53am Apr 14, 2011 9:53am
Quoting PurePrice
I believe you. I will give this Renko bars a try once I am comfortable with how it works. I will stil have my normal candlestick charts u I think, I just can't live without them and it maybe cuz I am so used to seeing them that I feel like I am driving without a map
PP I know exactly what you're saying, renko was a revelation to me, I was just about to give up on forex believing it was impossible to make a consistant profit as a 'retail' trader, but renko made it happen for me...I tried 1001 different strategies and 'holy grails' but using the fundamentals of renko with the right strategy is what has made me profitable and able to live the life I want to live.
I fully respect all those traders that make a living with candlesticks etc, but this is what works for me.
  • #2,574
  • Apr 14, 2011 10:00am Apr 14, 2011 10:00am
Quoting PurePrice
here is the setup
Yuh suppose to get a nice food from this pair.
With God all things are possible.
  • #2,575
  • Apr 14, 2011 10:02am Apr 14, 2011 10:02am
Quoting forex1962
PP I know exactly what you're saying, renko was a revelation to me, I was just about to give up on forex believing it was impossible to make a consistant profit as a 'retail' trader, but renko made it happen for me...I tried 1001 different strategies and 'holy grails' but using the fundamentals of renko with the right strategy is what has made me profitable and able to live the life I want to live.
I fully respect all those traders that make a living with candlesticks etc, but this is what works for me.
Hi forex1962, please share your template with indicators.

Thank's very much.
  • #2,576
  • Apr 14, 2011 10:04am Apr 14, 2011 10:04am
Quoting forex1962
PP I know exactly what you're saying, renko was a revelation to me, I was just about to give up on forex believing it was impossible to make a consistant profit as a 'retail' trader, but renko made it happen for me...I tried 1001 different strategies and 'holy grails' but using the fundamentals of renko with the right strategy is what has made me profitable and able to live the life I want to live.
I fully respect all those traders that make a living with candlesticks etc, but this is what works for me.
So what strategy allows you to be profitable? Do you trade for a living now? I understand you use Renko, but what do you combine it with?
  • #2,577
  • Apr 14, 2011 10:05am Apr 14, 2011 10:05am
Quoting forex1962
PP I know exactly what you're saying, renko was a revelation to me, I was just about to give up on forex believing it was impossible to make a consistant profit as a 'retail' trader, but renko made it happen for me...I tried 1001 different strategies and 'holy grails' but using the fundamentals of renko with the right strategy is what has made me profitable and able to live the life I want to live.
I fully respect all those traders that make a living with candlesticks etc, but this is what works for me.
F1962 how are you using your renkos just like the pass set up? I have tried renko and like them for holding trades but havent been able to get a good entry method down...
  • #2,578
  • Apr 14, 2011 10:06am Apr 14, 2011 10:06am
Quoting hsalsa
Hi forex1962, please share your template with indicators.

Thank's very much.
PM me.
  • #2,579
  • Apr 14, 2011 10:10am Apr 14, 2011 10:10am
Quoting PurePrice
So what strategy allows you to be profitable? Do you trade for a living now? I understand you use Renko, but what do you combine it with?
How many pips you make per trading session?
With God all things are possible.
  • #2,580
  • Apr 14, 2011 10:13am Apr 14, 2011 10:13am
Quoting Dehyah
Yuh suppose to get a nice food from this pair.
Yeah, it is a nice pair ... It is delicious
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