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5 PIPS - Only Five

  • #441
  • Nov 5, 2014 3:48am Nov 5, 2014 3:48am
Quoting Hercs
Hi TK5, Would you be kind enough and give me some advice as to how you would have handled the G/J-M15 imminent trade as per my screen prints, this morning? (That is the one in the making) Thanking you in advance. BTW anyone else wanting to tell me how they traded the pair at this time, is most welcome. {image} {image}
1.you could enter immediately as second candle opens inside..and there were 20-30 pips here if taken

2. You must look around! You all see that these days USD is getting stronger right?? you must check GBPUSD it's going down..SO what it means - NOT SAFE TO BUY GBP PAIRS....as a result GBPJPY is going down.


DONT ROUGHLY CHECK FIRST IMPRESSION FROM CHART...CHECK GENERAL MARKET SITUATION!

this week I will have limited access to FF..i will check 1-2 times a day I will try.
but only this week.
always draw trendlines
  • #442
  • Nov 5, 2014 3:50am Nov 5, 2014 3:50am
Quoting JackAntigua
Also, have a look at trendline breaks. The 7 pairs I follow plus Dow all gave entries earlier, unfortunately in the middle of the blinkin' night when I was asleep. However, the principle remains sound. {image} {image}
thanks jack for your charts, you made it so easy to follow. an excellent post. happy pipping.
  • #443
  • Nov 5, 2014 3:51am Nov 5, 2014 3:51am
Maybe someone will make movie tutorial from he's good traiding this strategy ?
  • #444
  • Nov 5, 2014 4:03am Nov 5, 2014 4:03am
Quoting Kubiasty
Maybe someone will make movie tutorial from he's good traiding this strategy ?
Yes, a movie tutorial is the best, but it takes time of the OP.

Anyway I found the answer in post n. 7 of TK5,...not very "digital" writing...but now I understood (i wish)
p.s. thank YOU TK5

TK5 wrote: <<as candle crosses 5 ema (2 shift is important!) wait wait...and wait cause most of time next candle may briefly go opposite direction..then as you see it coming back looking solid take action on second candle..dont wait too much. in Forex entering a trade as early as possible is important>>

So it means: start at the close of the 1 FIRST ha has crossed, ( in agreement with others indicators and market conditions)
  • #445
  • Nov 5, 2014 4:07am Nov 5, 2014 4:07am
Quoting tk5
right now at this moment open USDCHF...apply 5 ema on H1...and you see it's happening there...now go to M15. as you can see it's been forming.. are you really that naive not to take your 5 pips from this obvious set-up??)))) do you really need to watch Bloomberg TV all day long to this ONCE IN ONE HOUR??? I encourage you guys...
Quoting tk5
{quote} 1.you could enter immediately as second candle opens inside..and there were 20-30 pips here if taken 2. You must look around! You all see that these days USD is getting stronger right?? you must check GBPUSD it's going down..SO what it means - NOT SAFE TO BUY GBP PAIRS....as a result GBPJPY is going down. DONT ROUGHLY CHECK FIRST IMPRESSION FROM CHART...CHECK GENERAL MARKET SITUATION! this week I will have limited access to FF..i will check 1-2 times a day I will try. but only this week.
So we have to play fundamental now.. its going more and more complicated to get that 100% 5 pips.. .
  • #446
  • Nov 5, 2014 4:11am Nov 5, 2014 4:11am
Quoting tk5
{quote} 1.you could enter immediately as second candle opens inside..and there were 20-30 pips here if taken 2. You must look around! You all see that these days USD is getting stronger right?? you must check GBPUSD it's going down..SO what it means - NOT SAFE TO BUY GBP PAIRS....as a result GBPJPY is going down. DONT ROUGHLY CHECK FIRST IMPRESSION FROM CHART...CHECK GENERAL MARKET SITUATION! this week I will have limited access to FF..i will check 1-2 times a day I will try. but only this week.
Thanks for your reply TK5; much appreciated. That's what I did for +24 simply because the Trend was still UP.

When you get back next week or even this weekend I want to discuss a slight tweak to what you are doing to take out most of the "uncertain" areas if and when you are available.
Hercs
  • #447
  • Nov 5, 2014 4:27am Nov 5, 2014 4:27am
Quoting Kubiasty
{quote} But when second candle is opening its immediately! It just show all candle, not starting like a japanese candle price action. Its just BANG! and thats it.. its impossible to open before.{image}
Hmm Im not familiar with HA. To Kurwa ja nie wiem..
  • #448
  • Nov 5, 2014 4:32am Nov 5, 2014 4:32am
Ok guys, there is big discussion and uncertainty when to enter according to tk5 rules. So made simple exercise: took eur/usd and gbp/usd pairs and analyzed M15 charts. From Oct 20th till today. I was looking for all entries, not paying attention to resistance levels, MA200 or RSI, only EMA5 and HA candles. Here are conclusions:
EUR/USD. Entering just after HA closes above/below EMA and new candle opens +90 pips.
EUR/USD. Entering when HA closes above/below EMA and next HA body is in the same direction +95pips.

GBP/USD. Entering just after HA closes above/below EMA and new candle opens +90 pips.
GBP/USD. Entering when HA closes above/below EMA and next HA body is in the same direction 0pips.

More backtests need to be done, but results are pretty clear i think.
  • #449
  • Nov 5, 2014 4:40am Nov 5, 2014 4:40am
Quoting Kubiasty
{quote} {quote} So we have to play fundamental now.. its going more and more complicated to get that 100% 5 pips.. .
your view of Forex is too ordinary and narrow...it's a financial market after all not a video game.
always draw trendlines
  • #450
  • Nov 5, 2014 4:50am Nov 5, 2014 4:50am
Quoting Kubiasty
{quote} But when second candle is opening its immediately! It just show all candle, not starting like a japanese candle price action. Its just BANG! and thats it.. its impossible to open before.{image}
Post # 380.

"OH BTW. For those of you who have not worked it out yet, you can show the open and close of the regular candles behind the HA candles. First click on Bar Chart symbol in your Tool Bar, it is top LH symbol in my chart, then go to "Charts" click on "Foreground Chart" now you will see the Nibs of the open and close, sometimes they get hidden in the body of the HA."
Attached Image (click to enlarge)
Click to Enlarge Name: Petulant Chart for Petulant Child.png Size: 49 KB
Cut your Losers short and let your Winners run.
  • #451
  • Nov 5, 2014 4:56am Nov 5, 2014 4:56am
Quoting tk5
{quote} your view of Forex is too ordinary and narrow...it's a financial market after all not a video game.

tk5..i agree with what youre saying but..you cant start a thread saying its that simple when theres much more to the system.
YOUR MOTHERS ASS
  • #452
  • Nov 5, 2014 5:05am Nov 5, 2014 5:05am
It's amazing to read some of the posts on here.
The term looking a gift horse in the mouth comes to mind.

TK5, it actually is a simple system, it's just that some people can't see beyond their nose.
One needs to be just a tiny bit brave and take the dive...and lo and behold, it actually works.



Don't let the B*****'s get you down. After all, you don't have to do this but you do. Ta very much mate.
  • #453
  • Nov 5, 2014 5:12am Nov 5, 2014 5:12am
Quoting dee50
{quote} Post # 380. "OH BTW. For those of you who have not worked it out yet, you can show the open and close of the regular candles behind the HA candles. First click on Bar Chart symbol in your Tool Bar, it is top LH symbol in my chart, then go to "Charts" click on "Foreground Chart" now you will see the Nibs of the open and close, sometimes they get hidden in the body of the HA." {image}
Then explain this dee,
earlier i opened this trade, EMA was down, candle has crossed and closed below EMA. EMA was pointing down and second candle was red. suddenly it went up -10 pips and has not gone down since. how do you explain that?

Attached Image
YOUR MOTHERS ASS
  • #454
  • Nov 5, 2014 5:26am Nov 5, 2014 5:26am
Quoting safhammer
It's amazing to read some of the posts on here. The term looking a gift horse in the mouth comes to mind. TK5, it actually is a simple system, it's just that some people can't see beyond their nose. One needs to be just a tiny bit brave and take the dive...and lo and behold, it actually works. Don't let the B*****'s get you down. After all, you don't have to do this but you do. Ta very much mate.
I second every word of safhammer's post. Any strategy requires some common sense and discretion, if a trader could be consistently successful with a black and white set of rules operated without any knowledge or skill (the elusive Holy Grail newbs seem to be searching for) we'd all be posting from our private islands.
Getting there, slowly but surely...
  • #455
  • Nov 5, 2014 5:29am Nov 5, 2014 5:29am
Santos, give us a clue mate, what pair is it? It's impossible to answer your question without knowing the pair and checking our own analysis?

Albeit from what I can see, I'd say the shadow of the trigger candle is too long and for my own trading rules, the signal is too far in to the London session, I try to take only the first signal, unless there is a really clear one later.

Cheers
Getting there, slowly but surely...
  • #456
  • Nov 5, 2014 5:30am Nov 5, 2014 5:30am
Quoting Edlich
{quote} I second every word of safhammer's post. Any strategy requires some common sense and discretion, if a trader could be consistently successful with a black and white set of rules operated without any knowledge or skill (the elusive Holy Grail newbs seem to be searching for) we'd all be posting from our private islands.
Couldn't have said it any better..
No Trend, No Trade!!
  • #457
  • Nov 5, 2014 5:31am Nov 5, 2014 5:31am
Quoting santos23
{quote} Then explain this dee, earlier i opened this trade, EMA was down, candle has crossed and closed below EMA. EMA was pointing down and second candle was red. suddenly it went up -10 pips and has not gone down since. how do you explain that? {image}
you cant trade on such consolidated and narrow enrivontment..dont you see how candles are small???

you wont make money out of it..unless you refer to RSI!

TK didnt urge people to take VISUALLY ABSOLUTELY ALL trade set-ups that you notice.
always draw trendlines
  • #458
  • Nov 5, 2014 5:37am Nov 5, 2014 5:37am
Quoting santos23
{quote} Then explain this dee, earlier i opened this trade, EMA was down, candle has crossed and closed below EMA. EMA was pointing down and second candle was red. suddenly it went up -10 pips and has not gone down since. how do you explain that? {image}
Are you serious? Looking at your posting history one would assume that you actually know something about trading, you even have people who subscribed to you! so for you to ask me how I would explain that 1 candle reversed, is quite astounding, especially based on a screenshot that shows no more than 1 candle of history.
Cut your Losers short and let your Winners run.
  • #459
  • Nov 5, 2014 5:38am Nov 5, 2014 5:38am
Quoting Edlich
{quote} I second every word of safhammer's post. Any strategy requires some common sense and discretion, if a trader could be consistently successful with a black and white set of rules operated without any knowledge or skill (the elusive Holy Grail newbs seem to be searching for) we'd all be posting from our private islands.
Cut your Losers short and let your Winners run.
  • #460
  • Nov 5, 2014 5:39am Nov 5, 2014 5:39am
Quoting dee50
{quote} Are you serious? Looking at your posting history one would assume that you actually know something about trading, you even have people who subscribed to you! so for you to ask me how I would explain that 1 candle reversed, is quite astounding, especially based on a screenshot that shows no more than 1 candle of history.
I thought so. no explanation without ridicule.

listen buddy. when you show examples dont just take good trades from your chart.

even a 5 year old can do that too, as you say.

show every example.
YOUR MOTHERS ASS
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