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5 PIPS - Only Five

  • #201
  • Oct 30, 2014 1:52am Oct 30, 2014 1:52am
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...
Can you give us more details regarding this please?
How can we detect the high or the low from the European Session and when we must enter in a trade?
Do you use these ideas in your trading? And what results do you have?
  • #202
  • Oct 30, 2014 1:54am Oct 30, 2014 1:54am
Quoting Chicky
{quote} You are a member since 2007. I think you missed a lot during all this time ..................................... A whole thread. I am tired of answering all these questions over the years, I know now you will ask me why RSI?
Can you tell me about what thread do you spoken to Ferru FX please?
  • #203
  • Oct 30, 2014 1:55am Oct 30, 2014 1:55am
Quoting Flaviu1981
{quote} Can you give us more details regarding this please? How can we detect the high or the low from the European Session and when we must enter in a trade? Do you use these ideas in your trading? And what results do you have?
kindly pm him about it. different topic.
always draw trendlines
  • #204
  • Oct 30, 2014 1:58am Oct 30, 2014 1:58am
Quoting tk5
{quote} kindly pm him about it. different topic.
Ok, sorry for this! I send him a pm and after I receive an answer from him I'll try to delete the posts!
  • #205
  • Oct 30, 2014 2:47am Oct 30, 2014 2:47am
TK5 with pairs that work?
GU and EU only or all pairs?
  • #206
  • Oct 30, 2014 3:34am Oct 30, 2014 3:34am
Ride the Five!!!
Belive & Achieve
  • #207
  • Oct 30, 2014 3:41am Oct 30, 2014 3:41am
I want 500, not 5! lol

Seriousness, you'd need to find a super liquid pair with a good connection to the IB to keep spreads super low. 1.0 pip spread = 20% of 5 pips, good ECN 0.1 spread = only 2% of profits.
Some great moves for USD longs as the Fed ended QE3, as expected today. Fed rate rise expectations to dictate the USD next year.

Quoting Flaviu1981
{quote} Can you give us more details
its a joke. look up 'merlin' on FF. once you understand it, its funny.
ForexOrderFlow.com Return This Year: 9.3%
  • #208
  • Oct 30, 2014 4:08am Oct 30, 2014 4:08am
It seems to have started with a simple idee of an ema with shift 2 but along the way more and more is adding ? So maybe it is simple for an expert to do this because he knows how. Like it is simple for my car mecanic to find what is whrong on a car BECAUSE HE IS AN EXPERT WITH EXPERIENCE, BUT I AM STILL AN AMATEUR A NOVICE SO NOT SIMPLE FOR ME. And i still dont get how and when we go out of a position that is a losing one ?

Best regards
  • #209
  • Oct 30, 2014 4:12am Oct 30, 2014 4:12am
i guess with practise one can perfect this system. with time it would be impossible not to spot favourable high probability setups. with that said one has to have perfect control of emotion (fear/greed) to be successful at this tactic.
  • #210
  • Oct 30, 2014 4:14am Oct 30, 2014 4:14am
Good morning,

two trades i have taken this morning, i think they are good examples. First one gave me a little more than 5 pips , the second one closed with 4 pips as i don't have ecn and have to pay spread. overall a nice clean concept for scalping. But you will need experience and candlestick-feeling to stay profitable.....

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 21 KB


Regards

Chriss

(Edit: both positions have been short, close to EMA)
  • #211
  • Oct 30, 2014 4:16am Oct 30, 2014 4:16am
buy gbp/usd. 5 pips guaranteed
  • #212
  • Oct 30, 2014 4:18am Oct 30, 2014 4:18am
Ok i think this thread is some sort of a joke not so obvius as chickys but still, anyone that cant make 5 pips in an hour is a pu..y according to thread starter but he keeps adding indicators to a simple system. And his other thread in FF is about sharing everything like cars homes and familys. Sounds little strange to me.

Best regards
  • #213
  • Oct 30, 2014 4:20am Oct 30, 2014 4:20am
Quoting jgadefelth
It seems to have started with a simple idee of an ema with shift 2 but along the way more and more is adding ? So maybe it is simple for an expert to do this because he knows how. Like it is simple for my car mecanic to find what is whrong on a car BECAUSE HE IS AN EXPERT WITH EXPERIENCE, BUT I AM STILL AN AMATEUR A NOVICE SO NOT SIMPLE FOR ME. And i still dont get how and when we go out of a position that is a losing one ? Best regards
All you have to remember is to trade with the trend - if PA is above MA you go long and if PA is below MA you go short. Keep it simple..
No Trend, No Trade!!
  • #214
  • Oct 30, 2014 4:21am Oct 30, 2014 4:21am
MT4 makes me vomit.
always draw trendlines
  • #215
  • Oct 30, 2014 4:21am Oct 30, 2014 4:21am
Quoting chrissfx
Good morning, two trades i have taken this morning, i think they are good examples. First one gave me a little more than 5 pips , the second one closed with 4 pips as i don't have ecn and have to pay spread. overall a nice clean concept for scalping. But you will need experience and candlestick-feeling to stay profitable..... {image} Regards Chriss (Edit: both positions have been short, close to EMA)

Ok sounds great but was it something you feel you can do again and again and again or was it just luck ? what stoploss did you use if you used one ? Am sorry am not try to be rude here am just try to see if this trading method is serious or part of a joke...

Best regards
  • #216
  • Oct 30, 2014 4:23am Oct 30, 2014 4:23am
Quoting chrissfx
Good morning, two trades i have taken this morning, i think they are good examples. First one gave me a little more than 5 pips , the second one closed with 4 pips as i don't have ecn and have to pay spread. overall a nice clean concept for scalping. But you will need experience and candlestick-feeling to stay profitable..... {image} Regards Chriss (Edit: both positions have been short, close to EMA)
It'd be better if sentiment was taken in to account with scalping. ie; anyone shorting the USD when the Fed ends QE or longing the Euro during its deflation problems is on the wrong side of the market (why shorting EU was ea$y). Trading a few pips in the current market trend would cut out some definate losers. imo.
ForexOrderFlow.com Return This Year: 9.3%
  • #217
  • Oct 30, 2014 4:24am Oct 30, 2014 4:24am
Quoting jgadefelth
Ok i think this thread is some sort of a joke not so obvius as chickys but still, anyone that cant make 5 pips in an hour is a pu..y according to thread starter but he keeps adding indicators to a simple system. And his other thread in FF is about sharing everything like cars homes and familys. Sounds little strange to me. Best regards
you sound strange to me too. very strange.


these simplest indicators are there to increase confidence of entering trade. they are for ones like you who perhaps are to afraid of entering.
always draw trendlines
  • #218
  • Oct 30, 2014 4:27am Oct 30, 2014 4:27am
AUDUSD gains momentum..
to fly to Pivot.
always draw trendlines
  • #219
  • Oct 30, 2014 4:28am Oct 30, 2014 4:28am
Quoting tk5
{quote} you sound strange to me too. very strange. these simplest indicators are there to increase confidence of entering trade. they are for ones like you who perhaps are to afraid of entering.

Yes i am little strange i dont like to share my family with other people, but thats just me.

Ok so when do we get out if a position goes agsinst us ? or we just hold on tight and hope it will reverse back to profit ?

It is great you help scared traders but maybe a cure for them is more to show them some charts of how trades are made and not made, i think even brave traders can get confused with to many indicators.

Best regards
  • #220
  • Oct 30, 2014 4:30am Oct 30, 2014 4:30am
me and some other have shared enough charts...

regarding the other thread...thats not for showing your family. That thread is motivational, to inspire by exhibiting sucess in forex.
always draw trendlines
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