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5-min PASS (Price Action Scalper System)

  • #2,861
  • Apr 21, 2011 9:23am Apr 21, 2011 9:23am
early re-entry
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  • #2,862
  • Edited 9:33am Apr 21, 2011 9:32am | Edited 9:33am
Hi PP

I am new to this forum and am tracking the system from a months time . I really appreciate your system and the way it works. Also how all the team mates contribute into it.

Just out of curiosity can I ask you one question , are you a full time trader ?

Regards
Vins
  • #2,863
  • Apr 21, 2011 9:45am Apr 21, 2011 9:45am
Quoting SandroLorens
Hi PP...

I would like to ask you couple of question regarding trade managment once in a deal, if you don't mind...

-Do you always set your SL on the opposite Fractal to calculate your lot size/risk?

-When you are in a deal, it is only TP or SL hit?, or do you cut it short if it is not going in your favor or under any particular situation??

THANKS in advance
I "initially" set my SL on opposite fractal but move it as the trade develops. For startng out, that is how I would calculate lot size. I play a little more risky these days as I am on a roll lately, and I go for 10 pips = 1 % no matter what my SL is, but generally my SL is no more than 20-25 pips.

sometimes I close the trade before tp = 1 x SL. this is due to whatever lies ahead in terms of R/S, round number, last swing hi/lo etc. It is not a rule carved in stone, i am very flexible. If I see price hesitating before hitting my TP, I sometimes close position early. I HATE seeing a winer turn into a loser, so sometimes I would close at BE+1 if i see reversal
  • #2,864
  • Apr 21, 2011 9:46am Apr 21, 2011 9:46am
Quoting winpips
Hi PP

I am new to this forum and am tracking the system from a months time . I really appreciate your system and the way it works. Also how all the team mates contribute into it.

Just out of curiosity can I ask you one question , are you a full time trader ?

Regards
Vins

Not a full tie tradr, I have a 9 to 5 job and I trade during those work hours .. shhhhh do not tell my boss


I wish I was a full time trader though, cuz I LOVE doing this .. maybe one day I will
  • #2,865
  • Apr 21, 2011 9:47am Apr 21, 2011 9:47am
Quoting PurePrice
Will take care of it for you cmac
Hi PP

As a junior member on this forum i am also not able to pm anyone so if you could please add me to the chatroom it will be appreciated

My skype id: george123156


TIA
  • #2,866
  • Apr 21, 2011 9:48am Apr 21, 2011 9:48am
Hey PurePrice,

I send 2 PM to brettM and i still havent got an answer from him. Can you maybe put me in the group chat? Skype id: antonie_maas
  • #2,867
  • Apr 21, 2011 10:06am Apr 21, 2011 10:06am
Quoting PurePrice
I "initially" set my SL on opposite fractal but move it as the trade develops....
Thanks PP....
I was more focused in those trades that goes against as soon as they triggers, though....
  • #2,868
  • Apr 21, 2011 10:07am Apr 21, 2011 10:07am
Dear all I use FXCM trading station marketscope 2

I could not find a HA indicator as yours which is seen seperataly from the prices.

I would like to use as same as yours. Is there any version applicable on marketscope?

Many thanks
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  • #2,869
  • Apr 21, 2011 10:07am Apr 21, 2011 10:07am
Quoting PurePrice
Not a full tie tradr, I have a 9 to 5 job and I trade during those work hours .. shhhhh do not tell my boss


I wish I was a full time trader though, cuz I LOVE doing this .. maybe one day I will
hahahah sure we all will be quite...
  • #2,870
  • Apr 21, 2011 10:15am Apr 21, 2011 10:15am
setting up a a LONG entry past 16575
  • #2,871
  • Apr 21, 2011 10:15am Apr 21, 2011 10:15am
I have the HA smoothed lua for marketscope, but it won't let me attach the file. PM me and I will send you a public link.

Quoting hbkarakas
Dear all I use FXCM trading station marketscope 2

I could not find a HA indicator as yours which is seen seperataly from the prices.

I would like to use as same as yours. Is there any version applicable on marketscope?

Many thanks
  • #2,872
  • Apr 21, 2011 10:21am Apr 21, 2011 10:21am
Quoting PurePrice
setting up a a LONG entry past 16575

I entered with you PP . Where is your stop ? around 1.65470?

Edit: cmac I sent msg to you.
  • #2,873
  • Apr 21, 2011 10:42am Apr 21, 2011 10:42am
Quoting hbkarakas
I entered with you PP . Where is your stop ? around 1.65470?

Edit: cmac I sent msg to you.

yes it is, but i move it up to SL= 20 already .. i dont like losing more than 20 pips on a trade .. I may move it up more as the trade develops too
  • #2,874
  • Apr 21, 2011 10:44am Apr 21, 2011 10:44am
As I'm examining the graphs I see that there are some hours that this strategy gain much more pips.
  • #2,875
  • Apr 21, 2011 10:48am Apr 21, 2011 10:48am
Hi PP
G/U on the weekly chart is sitting on 200 EMA almost at the res..
  • #2,876
  • Apr 21, 2011 10:50am Apr 21, 2011 10:50am
Quoting hbkarakas
As I'm examining the graphs I see that there are some hours that this strategy gain much more pips.

of course hb

best hours are first 4 hours of each session, I like London the best.
  • #2,877
  • Apr 21, 2011 10:50am Apr 21, 2011 10:50am
Quoting desiboy
Hi PP
G/U on the weekly chart is sitting on 200 EMA almost at the res..

yep .. it is dangerous area.
  • #2,878
  • Apr 21, 2011 10:51am Apr 21, 2011 10:51am
Quoting PurePrice
of course hb

best hours are first 4 hours of each session, I like London the best.
THanks for the information I'll focus on it and try to gain some profit.

In the meantime our posiiton is on around -10 pips Most of the time it goes like that waiting it to jump to +
  • #2,879
  • Apr 21, 2011 10:56am Apr 21, 2011 10:56am
Are you guys trading London close?
I feel so lazy maybe sleepy that I couldn't pull myself before the moniter this morning.
With God all things are possible.
  • #2,880
  • Apr 21, 2011 10:59am Apr 21, 2011 10:59am
Quoting hbkarakas
THanks for the information I'll focus on it and try to gain some profit.

In the meantime our posiiton is on around -10 pips Most of the time it goes like that waiting it to jump to +
Im in this trade too
in at 65782,lets see....

little retrace is just london taking some pocket money for easter
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