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5-min PASS (Price Action Scalper System)

  • #2,641
  • Apr 18, 2011 7:33am Apr 18, 2011 7:33am
Quoting brettM
Looks like eu and ej put in the range today so I guess i wait for gu to make a move....
yeh, its been retracing on a trendline for a while, may breakout soon
  • #2,642
  • Apr 18, 2011 7:48am Apr 18, 2011 7:48am
sold the trend line break out eu...
Attached Image (click to enlarge)
Click to Enlarge Name: sold eu trend line break.gif Size: 18 KB
  • #2,643
  • Apr 18, 2011 8:16am Apr 18, 2011 8:16am
anyone knows what just happened into the market, there was news or so? because my calendar doesn't show anything. Seems like someone bombed USA.
  • #2,644
  • Apr 18, 2011 8:27am Apr 18, 2011 8:27am
Quoting spike00spieg
anyone knows what just happened into the market, there was news or so? because my calendar doesn't show anything. Seems like someone bombed USA.

ya, exactly! poom!!
and there is my SL, hit.
next 5 mins, it goes back to my original direction.
stopped out, just like this, for nothing. drats!
  • #2,645
  • Apr 18, 2011 8:28am Apr 18, 2011 8:28am
Quoting spike00spieg
anyone knows what just happened into the market, there was news or so? because my calendar doesn't show anything. Seems like someone bombed USA.

what the hell just happened!

even my platform hang, i almost got slaughtere, but came out same of GJ with 12 pips
  • #2,646
  • Apr 18, 2011 8:32am Apr 18, 2011 8:32am
Quoting kimoh
what the hell just happened!

even my platform hang, i almost got slaughtere, but came out same of GJ with 12 pips
Just found what, S and P cut USA rating http://talking-forex.com/headlines/50026
  • #2,647
  • Apr 18, 2011 8:53am Apr 18, 2011 8:53am
Good morning eveyone, and happy trading week


Did someone say the USA got bombed ????
  • #2,648
  • Apr 18, 2011 8:54am Apr 18, 2011 8:54am
shorted ej and eu here is ej chart
Attached Image (click to enlarge)
Click to Enlarge Name: short ej.gif Size: 16 KB
  • #2,649
  • Apr 18, 2011 8:55am Apr 18, 2011 8:55am
seeing a short eurusd now
  • #2,650
  • Apr 18, 2011 8:59am Apr 18, 2011 8:59am
Quoting PurePrice
seeing a short eurusd now
TP1 hit for +20
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 34 KB
  • #2,651
  • Apr 18, 2011 9:09am Apr 18, 2011 9:09am
Quoting brettM
shorted ej and eu here is ej chart

Good one Brett ...

Have you TP'd yet?
  • #2,652
  • Apr 18, 2011 9:12am Apr 18, 2011 9:12am
pinbar formation on the eur pairs, may signal end of down run for now on 5-min
  • #2,653
  • Apr 18, 2011 9:13am Apr 18, 2011 9:13am
PP thanks nice one yourself...I took 80% off at +37 which is 2% for me i let 20% run down to my second target if it gets some legs...

I also took +26 +17 on euro short

I had shorted eu earlier on trend line break took +12 then stopped on rest on this news spike...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 80%.gif Size: 16 KB
Click to Enlarge Name: eu short.gif Size: 15 KB
  • #2,654
  • Apr 18, 2011 9:14am Apr 18, 2011 9:14am
Quoting PurePrice
Good morning eveyone, and happy trading week


Did someone say the USA got bombed ????
Hey PurePrice

I see that your system is very good, especially with the trend lines entry. So are you trading live now? If yes how are you doing?
  • #2,655
  • Apr 18, 2011 9:16am Apr 18, 2011 9:16am
Quoting brettM
PP thanks nice one yourself...I took 80% off at +37 which is 2% for me i let 20% run down to my second target if it gets some legs...

I also took +26 +17 on euro short

I had shorted eu earlier on trend line break took +12 then stopped on rest on this news spike...

That is one hell of a great job you are doing there Brett. 2% a day Eh? I think you are really "getting" this system.

Congrats.
  • #2,656
  • Apr 18, 2011 9:22am Apr 18, 2011 9:22am
Quoting spike00spieg
Hey PurePrice

I see that your system is very good, especially with the trend lines entry. So are you trading live now? If yes how are you doing?

I was trading live, but I have stoped because I was trying to concentrate on the Sure Fire Trading Challange. I usually shot for about 2% a day, and I get there by making 20 pips.

With the surefire trading challange over now, I will go back and oncentrate on my trading again.

By the way I did NOT get into the top 20 traders (out of 1500) which was disappointing, but I did get in the top 40 traders (which make me happy with a gain of 106% in a month) but that is not good enough to go to Live stage .. oh well, you win some you lose some. The top place gained lie 400% , which is just CRAZY if you asked me.... lol
  • #2,657
  • Apr 18, 2011 9:25am Apr 18, 2011 9:25am
Quoting PurePrice
That is one hell of a great job you are doing there Brett. 2% a day Eh? I think you are really "getting" this system.

Congrats.
thanks i did take a small loss on the gu long but made it back...the S&P news was unexpected..

this is a great set up for sure I normally trade a 123 break out set up but your higher tf flow makes it alot easier...Sonic R trades similar on m15 and uses H4 candle formation but those set up take for ever and i like to get pips every day...
  • #2,658
  • Apr 18, 2011 9:26am Apr 18, 2011 9:26am
Quoting PurePrice
I was trading live, but I have stoped because I was trying to concentrate on the Sure Fire Trading Challange....
Im not sure if you live in the US but when they moved the leverage down to 50:1 I know alot of challenge guys were made because it gives other countries an advatage..
  • #2,659
  • Apr 18, 2011 9:38am Apr 18, 2011 9:38am
last ej for the day double bottom says i need to quit...this was only +7 but another .5% LOL

can you say overtrading....
Attached Image (click to enlarge)
Click to Enlarge Name: last ej short.gif Size: 16 KB
  • #2,660
  • Apr 18, 2011 9:39am Apr 18, 2011 9:39am
hi traders, how do you use fractals in this strategy ?

thank's
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