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5 PIPS - Only Five

  • #61
  • Oct 28, 2014 3:18am Oct 28, 2014 3:18am
guys right know...Open up USDCHF urgently...apply 5 ema and Heiken Ashi ..you see whats happening?? its getting ready for entering.
always draw trendlines
  • #62
  • Oct 28, 2014 3:19am Oct 28, 2014 3:19am
What about the spread and commision? Do you close the Trade When you are 25 $ in profit or 5 pips?
  • #63
  • Oct 28, 2014 3:29am Oct 28, 2014 3:29am
to begin with it is a s difficult to make 5 pips as to make 500...chances are, you will loose both ways...thatīs a proven fact...to add to the odds, 5 pips has a huge relation spread /to gain...meaning, if trading is a business, you are paying by far the highest rent for your shop in terms of percentages...

2 or 3 pips spread roundtrip, to make 5....you need an 8 pip move...minimum....you get stopped 3 or 4 times in a row...and you are already sweating to recover...not to make 25 an hour...just to recover....
The relation is different shooting for 500,
2 or 3 pips spread to make 500...just calculate the percentages...

The only advantage is the opportunity factor...and the thread started with a moving average, to keep it simple right, now we are adding macd, higher time frames...etc...back to square one...another of the million ideas in FF...

Having said that, if anybody makes it to extract money from the Big Boys...

And please donīt forget stop hunting...5 pips is the ideal turf for stop hunters, and sitting, retailer ducks...
  • #64
  • Oct 28, 2014 3:33am Oct 28, 2014 3:33am
so is this right?????
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 86 KB
  • #65
  • Oct 28, 2014 3:47am Oct 28, 2014 3:47am
Can you show us the trade you just took on the USDCHF with chart
thanks
  • #66
  • Oct 28, 2014 4:04am Oct 28, 2014 4:04am
Quoting cuchuflito
to begin with it is a s difficult to make 5 pips as to make 500...chances are, you will loose both ways...thatīs a proven fact...to add to the odds, 5 pips has a huge relation spread /to gain...meaning, if trading is a business, you are paying by far the highest rent for your shop in terms of percentages... 2 or 3 pips spread roundtrip, to make 5....you need an 8 pip move...minimum....you get stopped 3 or 4 times in a row...and you are already sweating to recover...not to make 25 an hour...just to recover.... The relation is different shooting for...
Very good point here.
All posts are my personal opinion
  • #67
  • Oct 28, 2014 4:05am Oct 28, 2014 4:05am
Ok I just made net 25 USD!

look how..

As I wrote here about USDCHF...I spotted this set-up..and entered..50K 100USD of real money.
this how it developed from start..I even entered too early ..little hurried...

http://s4.postimg.org/52jdgpmvh/Capture.png
pic upload

Then it went against me!...pulled back as you see.. I didnt close. Because I know SENTIMENT is up. It has to go up. it's destined.
http://s27.postimg.org/99ivge4g3/Capture2.png
how do i print screen

H1 dont lie
http://s16.postimg.org/cuhtmkb1x/Capture3.png
upload photo

Then this happens...you smile
http://s27.postimg.org/o5m01q58j/Capture4.png
forum image hosting

Then VOILA!...TP hits
http://s14.postimg.org/gabgms5r5/Capture6.png
upload img

and Finally...this. It's my Real account.
http://s30.postimg.org/4x6drwtm9/Capture5.png
image hosting 10mb limit

I could even make more..look. But I dont regret..
http://s8.postimg.org/4d6chwp0l/Capture9.png
online photo storage
always draw trendlines
  • #68
  • Oct 28, 2014 4:17am Oct 28, 2014 4:17am
Good on you for finding something that works for you. Meanwhile pessimists will try to bring you down to live by their expectations That's why I don't post that often, but trading isn't hard once you figure it out...

All the best
  • #69
  • Oct 28, 2014 4:18am Oct 28, 2014 4:18am
For those who doubt..it's live account

http://s1.postimg.org/v0vhl4hof/Capture10.png
how to do a screen shot

And yes...


Use default RSI...it's very helpful. Better take set-ups where crossing 5 ema takes place following approaching or testing and bouncing from RSI 70 / 30 leves.
This way we are more sure about signal!
always draw trendlines
  • #70
  • Oct 28, 2014 4:21am Oct 28, 2014 4:21am
Quoting Laudkaems26
Good on you for finding something that works for you. Meanwhile pessimists will try to bring you down to live by their expectations That's why I don't post that often, but trading isn't hard once you figure it out... All the best
I agree.
  • #71
  • Oct 28, 2014 4:24am Oct 28, 2014 4:24am
Quoting tk5
For those who doubt..it's live account {image} how to do a screen shot And yes... Use default RSI...it's very helpful. Better take set-ups where crossing 5 ema takes place following approaching or testing and bouncing from RSI 70 / 30 leves. This way we are more sure about signal!
Hi Bro, what is the software terminal that you are using now ?
Is it possible to use this software to broker such as Exness or the broker that using MT4 ?
Thanks
  • #72
  • Oct 28, 2014 4:24am Oct 28, 2014 4:24am
Why do you use Heiken Ashi???
  • #73
  • Oct 28, 2014 4:27am Oct 28, 2014 4:27am
Quoting StingrayEA
{quote} Hi Bro, what is the software terminal that you are using now ? Is it possible to use this software to broker such as Exness or the broker that using MT4 ? Thanks
it's cTrader...true ECN environment enough for a retail trader.

If you want to switch to it PM me I will suggest.
always draw trendlines
  • #74
  • Oct 28, 2014 4:29am Oct 28, 2014 4:29am
Quoting littlecraig
Why do you use Heiken Ashi???
Heilken Ashi is the best thing. It means less nerves and it clearly shows you turnaround in price action.

Remember! - color change in HA means ALOT! Take it seriously.
always draw trendlines
  • #75
  • Oct 28, 2014 4:37am Oct 28, 2014 4:37am
Quoting tk5
Forex is about making five pips in an hour... We have been abusing ourselves with reading, seeking and doing all that crap to make money from FX. We are all fools. Do you indeed need indicators, algos, malgos, zalgos I don't know codings modings to make 5 damn pips??? You need very basic forex skills...yes, basic skill to earn 5 pips and move out immediately! 5 pips is just simple and shortest movement of a God damned candle my friends. Yes it's. And can't we really locate that movement during an hour?! We all can and we will!. And if you think...
agree with u dude..
let's say there's no 100% system or holygrail, but if this method is 99% hit TP all the time, EVEN WITH JUST 5 PIPS, with 1% risk of having MC, i'm signing in!
this method is waaaaayy better than analyzing the whole chart with many indicators, planning to open position, setting TP & SL, and waiting hours to see the price hit SL.

this is not about planning the trade guys, it's just about PROBABILITY.
"If you run, you'll only die tired." - Sniper's philosophy
  • #76
  • Oct 28, 2014 4:39am Oct 28, 2014 4:39am
Good and simple method. I tried this before with 10 pips, but ended up avergaing down. My only question is when to exit the trade.
  • #77
  • Oct 28, 2014 4:46am Oct 28, 2014 4:46am
at the moment I expect EURUSD long set-up..it should come...look yourself. M15
and no major calender event for EUR next 3 hours.
it is licking RSI 30...
always draw trendlines
  • #78
  • Oct 28, 2014 5:16am Oct 28, 2014 5:16am
Quoting tk5
at the moment I expect EURUSD long set-up..it should come...look yourself. M15 and no major calender event for EUR next 3 hours. it is licking RSI 30...
please continue posting and not be discouraged by those who are against this method, more of us will benefit from this. those who don't like this kind of strategy are those who profit much from selling snake oil.
  • #79
  • Oct 28, 2014 5:22am Oct 28, 2014 5:22am
Hey Tk,

I woke this morning and read your blog.... then thought holy sh1t this could work so I started to try it and right now I'm $1,035.00 positive... Well done my man and don't listen to all the other Bull cr@#pp

Good Luck
  • #80
  • Oct 28, 2014 5:37am Oct 28, 2014 5:37am
Hi tk5! Reading your post with interest, I am still a newbie learning. About the 5EMA, will it better with exponential or smoothed? Thank you for reply! Cheers.
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