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5-min PASS (Price Action Scalper System)

  • #2,781
  • Apr 20, 2011 7:26am Apr 20, 2011 7:26am
Quoting PurePrice
good work Sandro
Thanks PP....
I was thinking that EURUSD should be tired of running all morning long, but it looks like going for more.....
Its daily average Range is about 150 pips on these days, and it has already run 220 pips today....
I don't know if this attempt to look for more bullish move is reliable at all
  • #2,782
  • Apr 20, 2011 7:46am Apr 20, 2011 7:46am
Hi BrettM...
Don't know why but I cannot contact you via PM....
Would you mind to add me to the chat group??
my skype is : SandroLorens

Thanks very much
  • #2,783
  • Apr 20, 2011 8:27am Apr 20, 2011 8:27am
I am looking at re entry long AU once break the trendline.. anyone on this?
  • #2,784
  • Apr 20, 2011 8:58am Apr 20, 2011 8:58am
Hi Harry1206,
I'll be cautious on this one as there is a major news coming out now. Moreover, this pair has moved 150 pips today which is way above it's average of 90 pips
Road to financial freedom
  • #2,785
  • Apr 20, 2011 9:00am Apr 20, 2011 9:00am
Quoting fx26
Hi Harry1206,
I'll be cautious on this one as there is a major news coming out now. Moreover, this pair has moved 150 pips today which is way above it's average of 90 pips
Thanks.. out +10 pips.. wastnt sure coz of news
  • #2,786
  • Apr 20, 2011 9:31am Apr 20, 2011 9:31am
where is everyone how do we join the Skype send pm to brett
Well here is Skype ID: bally19763
  • #2,787
  • Apr 20, 2011 9:51am Apr 20, 2011 9:51am
Quoting PurePrice
We are on Skype now and that is the way we are doing it. Please PM BrettM as he is taking care of the group, etc.

Hi guyz and gals,

My first post here but been following for a while and would like to take the opportunity to thank PP for this great system
  • #2,788
  • Apr 20, 2011 10:08am Apr 20, 2011 10:08am
I am also a fan of the scalping methods. In my caso I prefer to make only 1 or 2 trades en a day, but with a huge position by knowing that I have found the ideal chart pattern.

By this way I could increase my demo account more that 30 % in only 20 days.

But my problem is that the stress involved in a real account don't let me to perform this way of trading. Only I can do in a demo account. But you can see how effective is and how reliable is the pattern that I wait till it appears , before to place a trade.

Very often I earn more than 1000 dollars in some minutes by trading in this way and my rate of success is very high. IN another post I will explain what is the pattern I wrote about.

If you want to see my account, follow this link:

http://www.dukascopy.com/traderconte...ader=JIGtrader

Is an account at Dukascopy. My goal is to develop a robot that follows exactly my rules.

I hope you have understood my bad English.

Best regards from Argentina

Tuco
  • #2,789
  • Apr 20, 2011 11:01am Apr 20, 2011 11:01am
thanks pureprice I got nearly 16.5 pips today on usd/jpy today.

I saw 35 pips before but then price pulled back .

What I am going to ask is; is there any strategy to open more positions while the prices are going on our way?

For example for this screenshot I entered @82,680 and then prices started to fall down as I supposed.

What can you suggest about opening more positions on this way?

Where? When?

PS: After prices fall below my SL point interval at positive (-16,1) I pulled my SL poing to starting point. After prices went down from 30 pips I pulled it to +16,1 and then prices came up.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 137 KB
  • #2,790
  • Apr 20, 2011 11:59am Apr 20, 2011 11:59am
Quoting Tuco
I am also a fan of the scalping methods. In my caso I prefer to make only 1 or 2 trades en a day, but with a huge position by knowing that I have found the ideal chart pattern....


Tuco,

Your English is just fine.

Waiting for your method to be posted.

Regards,

Knez.
  • #2,791
  • Apr 20, 2011 1:10pm Apr 20, 2011 1:10pm
Quoting Knez
Tuco,

Your English is just fine.

Waiting for your method to be posted.

Regards,

Knez.
With respect guys, posting another strat here isn't really helpful.

By all means start another thread, but this thread is for P.A.S.S.

No offence!
  • #2,792
  • Apr 20, 2011 1:22pm Apr 20, 2011 1:22pm
Quoting Gt3rs
With respect guys, posting another strat here isn't really helpful.

By all means start another thread, but this thread is for P.A.S.S.

No offence!

I second that ... Thank you Gters

If your methd deviates from PASS, please start your own thread and keep this thread as clean as possible.

I hope everyone made some nice pips today with PASS as there was plenty of opportunity on the major pairs, in addition to eurjpy
  • #2,793
  • Apr 20, 2011 1:25pm Apr 20, 2011 1:25pm
Hi again guys.....!
I would like to share something that you may find interesting to make your life easier in some cases....

It is an Indy + Its template...

All the settings are already set to fit this nice system, so you only have to copy the ex4 into the indicators folder, and the Template into its folder.... then, you only need to open any chart, in any TF, and apply the template.. that's it!!

The Indicator is a trend scanner for 9 pairs at the same time..... It scans the 3 Higher TF's we look at (15/1H/4H), and it turns on/off the lights for them as they change their trend or go to flat state....
Obviously, the definition of a trend for this changes, is the PurePrice system definition for it.... meaning that the Ema's are in place for long (green) 6>12>48 and for short (red) 6<12<48, otherwise, the lights remains grey (flat).....

This can save some time into looking at lots of TF's in lots of charts.....

I hope you like it and find it useful for you
Attached Image
Attached File(s)
File Type: ex4 AllPairsTrendScan.ex4   8 KB | 405 downloads
File Type: tpl passtrendscanner.tpl   9 KB | 405 downloads
  • #2,794
  • Apr 20, 2011 1:30pm Apr 20, 2011 1:30pm
Quoting Gt3rs
With respect guys, posting another strat here isn't really helpful.

By all means start another thread, but this thread is for P.A.S.S.

No offence!

Gt3rs,

You are right. Sorry for that.

Knez.
  • #2,795
  • Apr 20, 2011 1:31pm Apr 20, 2011 1:31pm
If you traded today, please post your trades for the viewers to learn from...

I know it is late, but it looks like eurusd wants to go up again. Watch this one for a few pips long
  • #2,796
  • Apr 20, 2011 1:32pm Apr 20, 2011 1:32pm
Quoting PurePrice
If you traded today, please post your trades for the viewers to learn from...

I know it is late, but it looks like eurusd wants to go up again. Watch this one for a few pips long

Here is the trade chart
Attached Image (click to enlarge)
Click to Enlarge Name: mt10.gif Size: 31 KB
  • #2,797
  • Apr 20, 2011 1:37pm Apr 20, 2011 1:37pm
Quoting PurePrice
Here is the trade chart

Being as late as it is in the day and now that this trde has moved 10 pips in our favour, my SL is now moved to BE, and have a free trade .. I am shooting for 30 pips
  • #2,798
  • Apr 20, 2011 1:57pm Apr 20, 2011 1:57pm
Pureprice I've posted my trade. It's on previous page. Take a look please. I have questions too.
  • #2,799
  • Apr 20, 2011 2:08pm Apr 20, 2011 2:08pm
Quoting PurePrice
Being as late as it is in the day and now that this trde has moved 10 pips in our favour, my SL is now moved to BE, and have a free trade .. I am shooting for 30 pips

Blah .. out at BE
  • #2,800
  • Apr 20, 2011 3:00pm Apr 20, 2011 3:00pm
Quoting SandroLorens
Hi again guys.....!
I would like to share something that you may find interesting to make your life easier in some cases....

It is an Indy + Its template...

All the settings are already set to fit this nice system, so you only have to copy the ex4 into the indicators folder, and the Template into its folder.... then, you only need to open any chart, in any TF, and apply the template.. that's it!!

The Indicator is a trend scanner for 9 pairs at the same time..... It scans the 3 Higher TF's we look at (15/1H/4H), and it turns on/off the lights...
Sandro,

Thank you very much for posting these ...

I have asked for something like this ever since I started looking at high TF for confirmation of EMAs, but got no repsonse. and here you are now, with what looks like exactly what I was looking for.

One question, did you have the source code for this and you changed the "lights" to match my EMAs lining up? because you attached the ex4 not the mql file
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