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5 PIPS - Only Five

  • #281
  • Oct 31, 2014 1:35pm Oct 31, 2014 1:35pm
Quoting tk5
{quote} Paul, mate..it got too complicated.
Hey, no worries,TK.........it's all about perspective isn't it........having attempted success with some truly complicated methods, this is a snap for me .......I can weigh up what's going on with price, and know where a likely trade is after about 10 seconds of turning on my chart with this method.....then the most important thing after that is to be patient and wait !

I've used slow Stochs for years and for those who are asking the settings are 8-3-3....for me, they are the best indicator of trend and reversal...up to the 1hr tf at least, baring in mind that price can stay OB/OS for an indeterminate time....price is always the key factor...have to look to the left of chart.
Thanks again,TK.
  • #282
  • Oct 31, 2014 1:39pm Oct 31, 2014 1:39pm
Quoting PaulS1
{quote} Hey, no worries,TK.........it's all about perspective isn't it........having attempted success with some truly complicated methods, this is a snap for me .......I can weigh up what's going on with price, and know where a likely trade is after about 10 seconds of turning on my chart with this method.....then the most important thing after that is to be patient and wait ! I've used slow Stochs for years and for those who are asking the settings are 8-3-3....for me, they are the best indicator of trend and reversal...up to the 1hr tf at least,...
You know, I have came to conclusion that all those indicators especially Oscillators they all show the same thing, almost same function and direction.
it's only about how you use them OR if you indeed use them.
always draw trendlines
  • #283
  • Oct 31, 2014 1:41pm Oct 31, 2014 1:41pm
Quoting mario777
HI ALL! Thanks to tk5 for sharing this strategy. Its the simplest strategy ive ever tried.And it works! {image}
always draw trendlines
  • #284
  • Oct 31, 2014 1:58pm Oct 31, 2014 1:58pm
Along the way. Here.
I will share special music that will boost you.

Nujabes - Eclipse (feat. Substantial)
https://soundcloud.com/headhunter0/0...s-eclipse-feat
always draw trendlines
  • #285
  • Oct 31, 2014 2:37pm Oct 31, 2014 2:37pm
Have to chime in here, very nice system tk5, one of the cleanest I have seen in many years.

For the Newbies, Forex is much about moves within moves, anything like this that causes decisions
to be made objectively upon a set of simple rules is pure gold.

I always use a 5 ema with only one other ema.

tk5 is right, when he says simplicity is the key.
  • #286
  • Oct 31, 2014 2:59pm Oct 31, 2014 2:59pm
Attached Image (click to enlarge)
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closing the week with another 5..have a good weekend tk5, God bless you.
YOUR MOTHERS ASS
  • #287
  • Oct 31, 2014 3:04pm Oct 31, 2014 3:04pm
Sex with Gold on the XAU H1 chart.

http://www.imagesup.net/?di=314147857753
always draw trendlines
  • #288
  • Oct 31, 2014 6:58pm Oct 31, 2014 6:58pm
I have been following this thread since the beginning and on thur i threw caution[and the RULES] to the wind and gave it a shot. 10 k demo account....18 trades with 17 wins and one loss. I used the 5 13 and 200 ma.....no indies and no stop loss set. All trades were taken on the trend side of the 15m 200ma line. I pulled the trigger after the 15m candle clears the 5ma line.....entry was fine tuned on the 1 and 5 min chart. Left a lot on the table as i closed after 5 pips profit no matter what.......tp was 1-8 pips and the one losing trade was -6pips. As stated i did not use a stop but as long as i was on the right side of the 200ma 15min line price eked its way back[sometimes this took a while]
I traded one lot per thousand[ I know I know....this violates every mm rule there is] and came out 58 pips to the good in 2 days. Thats +58%

The wheel has not been re-invented here. This is pure PA trading. The best indicator is all those funny sticks you see on the left of the screen and an objective eye.
Attached Image (click to enlarge)
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  • #289
  • Oct 31, 2014 7:10pm Oct 31, 2014 7:10pm
Correction.....21 trades.........look before people rip in to me about being a cowboy let me say this....I KNOW I KNOW I KNOW......PEACE..
  • #290
  • Oct 31, 2014 8:03pm Oct 31, 2014 8:03pm
Quoting MAM.Trader
good luck now show your curve but not the butt the equity one less words more proof {quote}
Prove yourself first before you even ask others?
That which does not kill us makes us stronger
  • #291
  • Nov 1, 2014 2:13am Nov 1, 2014 2:13am
tk5,

I have only read the first page as I logged in to check something and then saw your thread. The first page contains everything one needs to be successful in trading.

A lot of the so-called purists will mock the moving average and preach "price action" but, to me, when the candle crosses the moving average (per the first page) price ACTION is occurring....and in an obvious manner that removes the uncertainty.

Just remember, use the 1 hour chart for the trend and trade that specific trend on the 15 minute chart.

There are 10,000 ways to trade forex and this one is GOLDEN.

One thing I would change though is lot size...keep the target at 5 pips but as your account size increases, increase the lot size per trade. Your account will absolutely BLOW UP.

Thanks tk5 for looking after the working man.
Everything easy was hard at first
  • #292
  • Nov 1, 2014 2:48am Nov 1, 2014 2:48am
tk5,

Just another thought...

Because I like the simplicity of this method so much, I think I will open a Trade Explorer next week and use this method solely for a month just to see what can be accomplished with it.

I'll have to think about the following because I want it to be realistic, but, probably $250 account size with 1:500 margin. I'll read the entire thread to check your criteria for stops (if there are any) and execute my trades around that.
Everything easy was hard at first
  • #293
  • Nov 1, 2014 6:48am Nov 1, 2014 6:48am
Hi tk5,

Is it possible to do a ema with shift 2 on oanda mobile platform? If not can i reference without a shift 2? Will that make a big difference? Thanks!
  • #294
  • Nov 1, 2014 10:56am Nov 1, 2014 10:56am
Quoting FX Compass
Have to chime in here, very nice system tk5, one of the cleanest I have seen in many years. For the Newbies, Forex is much about moves within moves, anything like this that causes decisions to be made objectively upon a set of simple rules is pure gold. I always use a 5 ema with only one other ema. tk5 is right, when he says simplicity is the key.
thanks Compass. way to go
always draw trendlines
  • #295
  • Nov 1, 2014 10:57am Nov 1, 2014 10:57am
Quoting ocd
tk5, Just another thought... Because I like the simplicity of this method so much, I think I will open a Trade Explorer next week and use this method solely for a month just to see what can be accomplished with it. I'll have to think about the following because I want it to be realistic, but, probably $250 account size with 1:500 margin. I'll read the entire thread to check your criteria for stops (if there are any) and execute my trades around that.
Ocd..you will be fine.
think about BMW Series 5 you will buy this time next year
always draw trendlines
  • #296
  • Nov 1, 2014 10:58am Nov 1, 2014 10:58am
Quoting tom99sg
Hi tk5, Is it possible to do a ema with shift 2 on oanda mobile platform? If not can i reference without a shift 2? Will that make a big difference? Thanks!
never tried oanda mobile..but when you apply EMA on its window if you dont see a Shift level option then not available.
always draw trendlines
  • #297
  • Nov 1, 2014 11:06am Nov 1, 2014 11:06am
Quoting PhilippineFX
.no indies and no stop loss set. {image}
You do have indies. HA candles and 3 moving averages you said. It is not, as you state, pure price action trading.

You are simply taking advantage of the short term cycles the market goes through to swallow up orders above and below the current price, but this time frame allows you to take the squeeze each way for a quick buck.
  • #298
  • Nov 1, 2014 11:55am Nov 1, 2014 11:55am
Quoting PaulS1
{quote} Hey, no worries,TK.........it's all about perspective isn't it........having attempted success with some truly complicated methods, this is a snap for me .......I can weigh up what's going on with price, and know where a likely trade is after about 10 seconds of turning on my chart with this method.....then the most important thing after that is to be patient and wait ! I've used slow Stochs for years and for those who are asking the settings are 8-3-3....for me, they are the best indicator of trend and reversal...up to the 1hr tf at least,...
Dear Paul,

Interesting setup, possible to post your tpl? or can you pm me if this action is not respect to this thread, thanks!

Paladim
  • #299
  • Nov 1, 2014 12:09pm Nov 1, 2014 12:09pm
Quoting paladim
{quote} Dear Paul, Interesting setup, possible to post your tpl? or can you pm me if this action is not respect to this thread, thanks! Paladim
Happy to give more info on what I do,Paladim...it's right in line with this thread......I may have been trading for many years, but this is the first thread I've responded to...how the heck do I PM you ? busy most of the weekend so it may take some time !
  • #300
  • Nov 1, 2014 5:06pm Nov 1, 2014 5:06pm
Quoting leeshindig
{quote} You do have indies. HA candles and 3 moving averages you said. It is not, as you state, pure price action trading. You are simply taking advantage of the short term cycles the market goes through to swallow up orders above and below the current price, but this time frame allows you to take the squeeze each way for a quick buck.
I look at ma`s as glorified trend lines.......i was referring to macd, stoc, rsi etc
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