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5Min Intraday System

  • #7,701
  • Feb 20, 2014 11:15am Feb 20, 2014 11:15am
This AM's tally. Patience is needed for this type of trading. 30 easy pips. I took 10 and left.
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  • #7,702
  • Feb 20, 2014 1:46pm Feb 20, 2014 1:46pm
Attached is gbpusd to show todays trades that could have been possible......The gold line is the 35EMA, I like using this as I feel price respects it well.
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  • #7,703
  • Feb 21, 2014 2:34am Feb 21, 2014 2:34am
Mon Holiday. Short trading week done. Back to bed~!!!!
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  • #7,704
  • Feb 21, 2014 2:42am Feb 21, 2014 2:42am
Quoting dforant1
Mon Holiday. Short trading week done. Back to bed~!!!! {image}
I thought you'd be in that, I was riding it with you
  • #7,705
  • Feb 21, 2014 10:25am Feb 21, 2014 10:25am
Quoting Gareth22
{quote} I thought you'd be in that, I was riding it with you
you recognize the winners. just yank their chain!! there can be spells between trades however. I keep half window open for surfing. that's why I cut down to 10 pips per day, more units invested but $$ management same. STRICTLY.
  • #7,706
  • Feb 22, 2014 4:02am Feb 22, 2014 4:02am
Please can I have the current template for this system. the one that has like two MACD windows in it thanks
  • #7,707
  • Feb 24, 2014 2:24am Feb 24, 2014 2:24am
Out for day 3.05am. Back to bed ZZZZZZZzzzzzz..
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  • #7,708
  • Feb 24, 2014 2:28am Feb 24, 2014 2:28am
Quoting wnabo
Please can I have the current template for this system. the one that has like two MACD windows in it thanks
I don't use 2 or have template. Don't need 2. Search through thread.
  • #7,709
  • Feb 24, 2014 3:34am Feb 24, 2014 3:34am
Just an example of how simple this method can be...

Unfortunately I wasn't at my desk...

It was an expensive coffee break
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  • #7,710
  • Feb 25, 2014 8:43am Feb 25, 2014 8:43am
Took awhile but this one finally busted upward. Done 10p.
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  • #7,711
  • Feb 27, 2014 4:39am Feb 27, 2014 4:39am
please I need the MACD coloured indicator its not loading on my chart . Thanks
  • #7,712
  • Feb 27, 2014 8:02am Feb 27, 2014 8:02am
Missed morning UK session as was busy, here's first trade of the day....clear uptrend, rejection of 10 EMA with other MA's moving upwards.

Buying pullbacks in the 5 minute trend works over and over and over.......

I encourage everyone interested in this method to check out ryanmcd's posts,

Trade well...
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  • #7,713
  • Mar 3, 2014 2:42am Mar 3, 2014 2:42am
Money/Trade Management is really what separates good traders and bad traders.....

Moved by stop loss to breakeven at 4 pips,

If I just walked away once I set my sl and tp I would now have been done for the day....instead I've got more work to do!
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  • #7,714
  • Mar 8, 2014 10:39am Mar 8, 2014 10:39am
Can this method be traded with Heikin Ashi candles?
  • #7,715
  • Mar 8, 2014 1:01pm Mar 8, 2014 1:01pm
Quoting dforant1
Can this method be traded with Heikin Ashi candles?
Attached is a set up from yesterday, HA candles could keep us in trades longer...i.e if we sold (as in example below) whilst candles remained red we could stay in, as opposed to only going for 10 pips or so. Can't see any other major benefit?

Have you had any ideas?

This method continues to impress me, only difficult thing (in this example) is selling after price moved up as it goes against what you think...
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  • #7,716
  • Mar 9, 2014 1:15pm Mar 9, 2014 1:15pm
Quoting Gareth22
{quote} Attached is a set up from yesterday, HA candles could keep us in trades longer...i.e if we sold (as in example below) whilst candles remained red we could stay in, as opposed to only going for 10 pips or so. Can't see any other major benefit? Have you had any ideas? This method continues to impress me, only difficult thing (in this example) is selling after price moved up as it goes against what you think... {image}
I have used HA candles 2 same colors in a row taking 3rd upon open long/short has been successful can average easily more than 100 pips per week. Exit when color changes again or at resistance/support area's. I use a 5 day EMA as long as it's moving up or down in relation to candle color. I think the average run of same candle colors runs about 5 or more. There is a TDI indicator if more encouragement is needed that works well. Works best w/pairs that trend. I can get out of trading for day quicker with this method also.
  • #7,717
  • Mar 19, 2014 9:33am Mar 19, 2014 9:33am
I haven't read every post but and wondered if anyone uses this on the H1 TF? In these topsy-turvy markets I feel shorter TFs are best but I don't like being tied to the computer every 5 minutes looking for 10 pips so I am trying the H1 right now. Any comments? piprac
  • #7,718
  • Mar 19, 2014 1:20pm Mar 19, 2014 1:20pm
Quoting piprac
I haven't read every post but and wondered if anyone uses this on the H1 TF? In these topsy-turvy markets I feel shorter TFs are best but I don't like being tied to the computer every 5 minutes looking for 10 pips so I am trying the H1 right now. Any comments? piprac
maybe the MA setting needs to be change though.
  • #7,719
  • Mar 19, 2014 2:54pm Mar 19, 2014 2:54pm
Quoting demolationz
{quote} maybe the MA setting needs to be change though.
The settings look pretty good as long as I stay with H1 or below - the settings for the macd might be questionable though.
  • #7,720
  • Mar 19, 2014 11:48pm Mar 19, 2014 11:48pm
Hi Piprac!

Some time ago a thread presented a similar method to this one but on 1 hour time frame. Here is the link:

http://www.forexfactory.com/showthread.php?t=26205

Perhaps it'll help you.
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