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5 PIPS - Only Five

  • #161
  • Oct 29, 2014 4:37am Oct 29, 2014 4:37am
Quoting tk5
{quote} 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.
Thank you very much TK, Can you please share your RSI indicator with dots?
  • #162
  • Oct 29, 2014 4:46am Oct 29, 2014 4:46am
cant get any easier than this..thanks

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YOUR MOTHERS ASS
  • #163
  • Oct 29, 2014 4:57am Oct 29, 2014 4:57am
Quoting FXAction
{quote} Thank you very much TK, Can you please share your RSI indicator with dots?
my rsi is regular default one..no dots.
always draw trendlines
  • #164
  • Oct 29, 2014 5:05am Oct 29, 2014 5:05am
modified after reading latest posts by tk5..seems even safer

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YOUR MOTHERS ASS
  • #165
  • Oct 29, 2014 5:10am Oct 29, 2014 5:10am
and this is for the people that think small pips dont make a difference..
im done posting..thanks again to tk5

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YOUR MOTHERS ASS
  • #166
  • Oct 29, 2014 5:16am Oct 29, 2014 5:16am
Quoting tk5
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.

Hi

What alternatives to MT4 do you suggest?

thanks!

PGPB
  • #167
  • Oct 29, 2014 5:47am Oct 29, 2014 5:47am
Quoting pgpb
{quote} Hi What alternatives to MT4 do you suggest? thanks! PGPB
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  • #168
  • Oct 29, 2014 7:12am Oct 29, 2014 7:12am
tq TK ..i will try..best of luck for all traders.
  • #169
  • Oct 29, 2014 7:29am Oct 29, 2014 7:29am
I think it's a matter of practice, practice, practice your way ....

I'll add a stop of 50 pips ... but the exit should be as support, resistance, pivot points , ema 200.... are broken

thanks tk5
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  • #170
  • Edited 7:55am Oct 29, 2014 7:41am | Edited 7:55am
Quoting porfirio
I think it's a matter of practice, practice, practice your way .... I'll add a stop of 50 pips ... but the exit should be as support, resistance, pivot points , ema 200.... are broken thanks tk5 {image}
meanwhile you are rocking. however, dont bother with those fancy indicators bolingers etc..

Today is hot day.

I am closely waiting to buy big positions, the below chicks approaching the deep bottom for bounces. Check them with H4 for clear vision.
GBPAUD
EURAUD
USDCAD
With these ones I suggest you to take on H1.
always draw trendlines
  • #171
  • Oct 29, 2014 7:57am Oct 29, 2014 7:57am
Meanwhile I oepened earlier an interesteing thread here...Check and share

http://www.forexfactory.com/showthre...24#post7827224
always draw trendlines
  • #172
  • Oct 29, 2014 8:31am Oct 29, 2014 8:31am
Quoting tk5
Do you need to read books to do this?? Look at the chart. {image}
What stops us from trading the areas marked with "??". Many losses.
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  • #173
  • Oct 29, 2014 8:39am Oct 29, 2014 8:39am
Quoting TradeForexFx
{quote} What stops us from trading the areas marked with "??". Many losses. {image}
you dont have to take all of them. None is going to bring you ready set-ups.

you should use RSI. and look at situation: all the question marks you put are zones of consolidation..short ranges. Alsoafter big movements prices as you see oscillate..moves sideways for some time before taking another big movement.
always draw trendlines
  • #174
  • Oct 29, 2014 9:17am Oct 29, 2014 9:17am
Quoting tk5
{quote} you dont have to take all of them. None is going to bring you ready set-ups. you should use RSI. and look at situation: all the question marks you put are zones of consolidation..short ranges. Alsoafter big movements prices as you see oscillate..moves sideways for some time before taking another big movement.
So we need to wait for the consolidation or range situation to be over before We can take your setup or any other setup? Which means that the setup suggested by you really needs further elements for it to be successful.

Making a good decision that a consolidation or range is over is perhaps the only thing required to enter winning trades. Once you acquire that ability no further setup will be necessary, specifically for 5 pip winners.

Instead of suggestions such as "look into" rsi situation or MACD situation or any other situation do you have a very specific "If this" then trade suggestion. I know what I ask is not possible (unless you know better). I ask this only because opening posts in the thread implies that there is simply nothing else required of a trader to be able to catch 5 pips from each and every trade.
  • #175
  • Oct 29, 2014 9:35am Oct 29, 2014 9:35am
gj..close in tp

Why did it take so long? in m5 is the answer...bounced in the 200 ema (ema 67 m15)

but eventually as expected the broke
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  • #176
  • Oct 29, 2014 9:40am Oct 29, 2014 9:40am
Quoting TradeForexFx
{quote} So we need to wait for the consolidation or range situation to be over before We can take your setup or any other setup? Which means that the setup suggested by you really needs further elements for it to be successful. Making a good decision that a consolidation or range is over is perhaps the only thing required to enter winning trades. Once you acquire that ability no further setup will be necessary, specifically for 5 pip winners. Instead of suggestions such as "look into" rsi situation or MACD situation or any other situation do you...
The Idea is to take your 5 pips and leave...do it couple time a day.
And there exist hundreds of ways to do this.
One of the best ways is described in this thread. If you carefully follow rules...which are simplest.
Even is consolidation zones you can make pips maybe fewer if you leave on time OK?
I urge people to use HA candles for confirmaiton NOT japanese.
always draw trendlines
  • #177
  • Oct 29, 2014 9:46am Oct 29, 2014 9:46am
C'mon, ...Really My Man....

You have been interested in FX since documented here at 2006 and need to ask such a question.....

Without discretion and confluence you can't make it in this biz. The OP is showing some of the tools they use. You don't need them. You may have tools you have experimented with in to help with discretion and confluence on some things you have tried in the past. Use your tools with the ideas presented to you by the OP and work your butt off to make it work.

2006 my man.... ????

Not trying to be a dic to you, just a wake up call to help your mindset


Quoting TradeForexFx
{quote} So we need to wait for the consolidation or range situation to be over before We can take your setup or any other setup? Which means that the setup suggested by you really needs further elements for it to be successful. Making a good decision that a consolidation or range is over is perhaps the only thing required to enter winning trades. Once you acquire that ability no further setup will be necessary, specifically for 5 pip winners. Instead of suggestions such as "look into" rsi situation or MACD situation or any other situation do you...
SPC * Swollen PocketZ Crew!
  • #178
  • Oct 29, 2014 10:05am Oct 29, 2014 10:05am
Quoting JoeNY
C'mon, ...Really My Man.... You have been interested in FX since documented here at 2006 and need to ask such a question..... Without discretion and confluence you can't make it in this biz. The OP is showing some of the tools they use. You don't need them. You may have tools you have experimented with in to help with discretion and confluence on some things you have tried in the past. Use your tools with the ideas presented to you by the OP and work your butt off to make it work. 2006 my man.... ???? Not trying to be a dic to you, just a wake up...
I believe you missed this part of my post. "I know what I ask is not possible"

The tone of at least the first few posts is no way near to the fact that "Without discretion and confluence you can't make it in this biz". On the other hand who does not know that if you could make confirmed 5 to 10 pips a day you could be a millionaire in no time with minimum initial capital.

TF
  • #179
  • Oct 29, 2014 10:56am Oct 29, 2014 10:56am
Quoting JoeNY
C'mon, ...Really My Man.... You have been interested in FX since documented here at 2006 and need to ask such a question..... Without discretion and confluence you can't make it in this biz. The OP is showing some of the tools they use. You don't need them. You may have tools you have experimented with in to help with discretion and confluence on some things you have tried in the past. Use your tools with the ideas presented to you by the OP and work your butt off to make it work. 2006 my man.... ???? Not trying to be a dic to you, just a wake up...
Hey Joe,

I saw your signature "Don't look too deep into the past. Trade The Now. Pure Price!" Do you trade renko, range bars or some other sort of time independent charting?
  • #180
  • Oct 29, 2014 11:30am Oct 29, 2014 11:30am
what pairs that you work?
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