5 PIPS - Only Five

Will this work just the same on a hour chart?

EMA means exponential moving average

Oh okay, sorry for my ignorance. Is heiken ashi a must?

How many lost you Trade with?

we should prefer HA..yes.

In hour chart it also works of course with more confidence.

I decided not to go with EU because of tricky FMOC meeting. but I am sure it will go up anyways. But never regret ))))

Is my chart correct as it should looks like?

Question: Do you first check (or constantly monitor) 1H chart and this chart pre-detrmines your "bias" (shorts only, longs only), or you you take trades on 15 minutes regardless of the general 1H chart trend/direction? Thanks.

short usd/chf, tp hit, this really works for me. thanks tk5 for sharing your strategy.

I do check H1. even H4..
but even for higher timeframes change starts with M15..therefore 15 helps to identify change earlier.

Simply do this - when trend is upwards only buy..when trend is down sell only. when ranging you can do both.

There are so many pain in the asses around here and in this world for that matter it's unbelievable. For whatever reasons who knows. Jealous, uninformed, maybe a financial agenda or just plain my way is the only way.

It may be simple for the OP because the OP has mastered their style of trading. There are many traders who only aim for as little as 5 pips and make an awesome living from it. Before most of you knuckle heads were even born, the markets only moved a few points, pips and ticks.

If you read carefully the OP is not just taking random trades at a MA cross. If you look at the charts and read the post, you can clearly see they draw levels on the chart, conduct multi time frame analysis and mentions things like sentiment. The OP looks for momentum and takes pride in precision entries based on their experience trading their method.

Read between the lines, no one here is going to hold your hand every step of the way. It's just a forum and sometimes people share a little. Take what you can and apply it to what works for you. It takes a couple of years before you start coming into your own. Once you have experience, you can make anything work.

The human mind tends to lean towards easy first and of course many of you are and will always be .... just plain ole' lazy. Please don't think you are going to find an easy point and click type of trading method. If you are going to continue believing that, just give the broker all of your money now and close your account.

Scalping is not for everyone... Plain and simple....

as far as leverage, use what works for you.... you can lose money with no leverage if you have no solid plan...

As far as stops, experiment on demo and make something work. I do believe the OP said they like to trade when the market is quiet. Identify those times!!!!!! If you have to ask about where to place stops and if the OP uses stops, you don't have enough experience yet for scalping. Learn something else....

Oh and $25 an hour in many parts of the world is huge! Maybe not where I'm from but so many other places. Don't ever knock small gains EVER! If you do, you will never get this business and possibly never make it.

Hi.
Thank you for sharing your way of trading.
Would be nice if you bring real examples of loosing trades, and preferably in many different market conditions.
Winning trades with a system like this is self explanatory so one example is enough but with a system that use no stop loss, no exit strategy (when in loss) and/or no other "plan" to get out of loosing trades it will be very helpful to show a lot of examples of how you handle loosing trades.




Thank you in advance
Happy trading
Arctic4x

You dont need entering SL when trading in this. Cause it will frustrate you, price can move and up confusing you.

You are sitting in front of monitor observing it..You can manually close if sth goes wrong. Believe me if you enter the trade properly and during non-news non-event times it will obey you

1. EMA200 - she is mother of all Moving Averages! If m15 is above ema200 that means buying options. If below selling atmosphere.

2. Just in case check Pivot Point's Support and Resistance levels..For instance if price drags down to S1 or S2 in a day...it makes sense to take long on bounce from those levels.

Thanks.
I am a visual learner and also a slow learner so real examples of loosing trades in different market conditions would be appreciated. Like fast moving market against you..?
Lets say you enter with no stop loss and your computer breaks down, the electric power to your house goes down, your internet connection fall out or something like that. Then some time later you get back online and you are VERY lucky because it is not yet margin call even if you use 1:500 leverage and your trade is around -100 pips and still moving against you bringing you more in negative minute by minute.
If you trade long enough a situation like this is very likely to happen sooner or later so it is very realistic. So how would you handle it?

Hey TK5,

Can you please tell if those red lines are good entries? (if I'm getting this correctly)

Thanks and God bless you.

Guys don waste time, this is loosing strategy. Youll become gun meat for brokers...

Not necessarily. This method has something of the Genesis method - 5ema shift 2, heiken ashi (somewhere on this Forum), which, I understand, is quite popular and is traded succefully by many.

those are good entries..However, you should entry not with jap candles but Heiken candles..

As candle closes (crossing) the 5ema (2 shift is important) and second opens inside..thats ok.
I strongly suggest watching RSI...take set-ups that are created near 30 and 70 levels or bouncing from them. It's safer then.

please note that I dont make use of any other trading strategy on FF.

This concept comes from the necessity of making 5 or 5.5 pips spending an hour for spotting this trade and opening at least 30K preferably 50K positions.

this is a Force-Majeur case..

means nothing can help any strategy in this case.

This is my typical chart.
I suggest you to draw trends, ranges, any Elliots, ABCDs...just to be within framework of current market.
1. Pivot points
2. M15 (swtich to h1 and h4 to double check)
3. drawings
4. RSI
5. and mother EMA200

http://i.imgur.com/Ozra7dX.png