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5 PIPS - Only Five

  • #141
  • Oct 28, 2014 11:56pm Oct 28, 2014 11:56pm
Quoting harrysmithm
Yes, Chicky system is a mind blowing one, in the right hand can virtually make a fortune.
I am amazed why people cannot get a simple system described in the simplest possible way. They prefer asking boneheaded questions over a careful reading.
The Thief of Wall Street
  • #142
  • Edited 12:14am Oct 29, 2014 12:03am | Edited 12:14am
Quoting tk5
Aich..mine is not even a system. It's a Mindset a Tactic. Your 11 points are cool but you nevrr must follow all of them at once. One may get crazy this way. :-) Durimg this thread I will suggest simple actions for safer confirmation of locating God damned 5 pips.
Tk5, I love you man...LOL! It's strange because early yesterday morning I woke up and had these same thoughts, concepts and ideas flying around in my brain. And yes you are right, this is not a systemt; but more like a mindset and a battle plan to accumulate many pips consistently without being in the market for too long and avoiding wild market swings as much as possible! Go and read all of my posts from yesterday especially the one where I spoke of my Big Lot Method. I'm thinking of trying something like this except I will be targeting anywhere from 13 to 33 pips at higher lots and I'll be using Pending Stop Orders, Fibonacci ABCD patterns, Trend Channels, Trend Line Breaks, Fractal Swings + Horizontal S&R levels and Pivots for entries and exits. See ya later my friend
It's time we stop entertaining ourselves and start realizing ourselves!
  • #143
  • Oct 29, 2014 12:07am Oct 29, 2014 12:07am
Quoting Chicky
{quote} I am amazed why people cannot get a simple system described in the simplest possible way. They prefer asking boneheaded questions over a careful reading.
As a trader with a slight interest in psychology we humans can't accept simplicity in relation to money or what we think should be complex. If it is simple, it is common and therefore not legitimate or more accurately, doesn't make us undergo the ritual of suffering and seeking understanding which we feel makes something above the common man...
Okay just musing, but we like to complicate things but also one small thing..money making gives things the aura of being worth buying!!
  • #144
  • Oct 29, 2014 1:19am Oct 29, 2014 1:19am
Quoting Chicky
{quote} Why 5 pips an hour when you can make 50 pips in a day with 99.99% accuracy? Here is the formula: > 1 trade per day on the EURUSD > your "day" ends at 4:59EST and starts at 5pm EST > use 60 minute chart with the MACD and RSI on the chart > each day at 5pm EST you start watching the chart. it may take hours and hours of watching the chart, but keep watching until the high or low for the day has been hit. > as soon as the daily high or low has been hit on the 60 minute charts, switch to your 1 minute charts. if the daily high or low has also...
the amazing strategy thread has started since FF start , i did read it but halfway through , most are funny things, till now i still dont get it the simplest way of the meaning . Chicky , u are there , how simple would it be , can explain in a simplest way . Cheers :nerd:
  • #145
  • Oct 29, 2014 1:19am Oct 29, 2014 1:19am
Quoting Chicky
{quote} I am amazed why people cannot get a simple system described in the simplest possible way. They prefer asking boneheaded questions over a careful reading.
  • #146
  • Edited 2:09am Oct 29, 2014 1:34am | Edited 2:09am
I am glad that i can encourage fellows and not only its a mindset also a proper system already.

before you enter market you must plant these ideas in your head:

1. If i cant take my 5.5 pips within an hour period I am a complete p..ssy!!!
2. I will watch very carefully, closely and Take action only if set-up is right and if sth looks poor Then look for other pairs which are numerous.
3. I wont be stingy with Forex and I am not scared of high leverage because I wisely size my lots!
- the first deposit as a newbie to fx I made was 1000$ !!! which is high for start. and I still use 1:500.
- trading is a business..you should invest in it!
- I can individually consult any of you about starting with this amount and leverage using own eexperience. PM me.
4. Dont make hasty and quick decision in entering to trade. Dont regret that you may miss an opportunity.
5. When proper set-up develops dont wait too much...its better enter as early as possible.
6. finally, Stop Using MT4!!!!

I SUGGEST IN THE START USING PAIRS WHICH COST LESS MAGINS:
- USDCHF, USDJPY, USDCAD..if your account currencu is in USD.
- For GBP pairs you can open 30k positions since they move larger (bigger daily ranges)
- also AUD pairs are cheap too. especially when long.
always draw trendlines
  • #147
  • Oct 29, 2014 2:05am Oct 29, 2014 2:05am
Quoting harrysmithm
{quote} stopped out. all part of the deal
Harry kindly stop messing up thread with sth else...it distracts
always draw trendlines
  • #148
  • Oct 29, 2014 2:31am Oct 29, 2014 2:31am
Simple sample.
Let RSI be your guiding guide for more safety. m15

As you can see HA turnaround perfectly matches RSI 30-70 levels.

http://www.imagesup.net/?di=5141456770513
always draw trendlines
  • #149
  • Oct 29, 2014 2:31am Oct 29, 2014 2:31am
Bro tk5... I like your idea of 5 pips an hour and it's quite logical we should get 5 pips/h. I'm still a learner with low capital and yet I like to use high leverage with high lots to make pips within shortly.

According to your suggestion, if I use 5 ema with 2 shift, when price crosses the ema, the next candle is just the opposite and price goes U-turn, and it's happening most of the time.

What to do to filter this, plz suggest.

thanks & regards
Success - It's not always what you see
  • #150
  • Oct 29, 2014 2:34am Oct 29, 2014 2:34am
Quoting tk5
{quote} Harry kindly stop messing up thread with sth else...it distracts
sure, sorry.
  • #151
  • Oct 29, 2014 2:46am Oct 29, 2014 2:46am
Quoting SakibFX
Bro tk5... I like your idea of 5 pips an hour and it's quite logical we should get 5 pips/h. I'm still a learner with low capital and yet I like to use high leverage with high lots to make pips within shortly. According to your suggestion, if I use 5 ema with 2 shift, when price crosses the ema, the next candle is just the opposite and price goes U-turn, and it's happening most of the time. What to do to filter this, plz suggest. thanks & regards
use Heiken Ashi candle not regular.

In this way very very rarely second candle will change color and if you have properly entered the trade believe me it will go your direction (soon or later) even if briefly goes against you..Market doesn't move smoothly it DANCES.

HEIKEN ASHI is not about color changing candle. HA has specific calculation formula..it calculates average. Just read about it.
always draw trendlines
  • #152
  • Oct 29, 2014 2:58am Oct 29, 2014 2:58am
Let me give the best example and the worst scenario where most traders PANIC.

Yesterday EU approached the trend line I drew. Expecting a bounce and emergence of proper set-up I entered.
But as I entered it started hesitating..as you see even HA candle changed color..went down little up and down. But I was sure it will go up! But then I recalled FMOC meeting and it kinda affected my mind. I decided to leave because it may get very speculative.

However....as you see it didn't..so the sentiment stayed and pushed up high.


http://www.imagesup.net/?di=314145694004
always draw trendlines
  • #153
  • Oct 29, 2014 3:52am Oct 29, 2014 3:52am
My First Post

I am sure we can make 150 pips in 12 hours (every day) I am just talking EUR/USD alone. Sorry for my big claims but I am watching from past 4 months and I could make it.
Problem is my country doesn't allow trading forex.

Sorry please don't ask me for strategy which is my damn hard work.
Maybe someday once when I am a millionaire
  • #154
  • Oct 29, 2014 4:00am Oct 29, 2014 4:00am
u said 5 ema shift should be 2. Is it vertical shift or horizontal shift...?
  • #155
  • Oct 29, 2014 4:01am Oct 29, 2014 4:01am
Am I correct?
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  • #156
  • Oct 29, 2014 4:04am Oct 29, 2014 4:04am
What is HA candles, r they same as we see on normal charts or special
  • #157
  • Oct 29, 2014 4:12am Oct 29, 2014 4:12am
Quoting FXAction
Am I correct? {image}
yes you are..this USDCHF was hottest trade this morning.
now move SL up to a profit level ..and wait it will either pull back from Pivot or move up to ema200..so you can take more pips.
always draw trendlines
  • #158
  • Oct 29, 2014 4:13am Oct 29, 2014 4:13am
I think you should of bought here
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  • #159
  • Oct 29, 2014 4:19am Oct 29, 2014 4:19am
Hi all,

Maybe good opportunities?

Greetz Michael
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  • #160
  • Oct 29, 2014 4:29am Oct 29, 2014 4:29am
dont touch eur today just in case..because of FOMC...its sentiment is down...you can briefly trade short pullbacks if quickly.

One important rule is this: in case of large movement for instance downwards then be careful with Longs...they are usually very short.
always draw trendlines
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