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5 PIPS - Only Five

  • #501
  • Nov 5, 2014 11:54am Nov 5, 2014 11:54am
happening now
as I claimed!!
GBPCAD baby coming back to me..

so who is brave to enter ))

http://www.imagesup.net/?di=12141521000216
always draw trendlines
  • #502
  • Nov 5, 2014 12:00pm Nov 5, 2014 12:00pm
Quoting tk5
happening now as I claimed!! GBPCAD baby coming back to me.. so who is brave to enter )) {image}
You Buy GBPCAD ?
  • #503
  • Nov 5, 2014 12:03pm Nov 5, 2014 12:03pm
hey tk do you trade all pairs or do you have a list that it works well on?
  • #504
  • Nov 5, 2014 12:06pm Nov 5, 2014 12:06pm
Quoting Kubiasty
{quote} You Buy GBPCAD ?
not now, yet hesitating. waiting. its coming...watch yourself.
always draw trendlines
  • #505
  • Nov 5, 2014 12:08pm Nov 5, 2014 12:08pm
Quoting srmiller82
hey tk do you trade all pairs or do you have a list that it works well on?
Only pairs that have normal pip value (0.90 - 1$ per pip on 0.1 lot (10K) work.
always draw trendlines
  • #506
  • Nov 5, 2014 12:09pm Nov 5, 2014 12:09pm
No i mean you post setups on alot of different pairs, i realize it will work on just about any, do you have a preference as i cant watch 10 pairs at once not able to do that, but if you had 5 favorites or even 3, would be nice to trade more than one.
  • #507
  • Nov 5, 2014 12:16pm Nov 5, 2014 12:16pm
Quoting srmiller82
No i mean you post setups on alot of different pairs, i realize it will work on just about any, do you have a preference as i cant watch 10 pairs at once not able to do that, but if you had 5 favorites or even 3, would be nice to trade more than one.
I trade mostly main pairs...and second tier like GBPAUD, AUDCHF.
about 10.

watch the ones with tightest spreads.
always draw trendlines
  • #508
  • Nov 5, 2014 12:18pm Nov 5, 2014 12:18pm
Quoting tk5
{quote} I trade mostly main pairs...and second tier like GBPAUD, AUDCHF. about 10. watch the ones with tightest spreads.
And the biggest Average True Range. Don't bother with dull pairs like eurgbp for instance.
Hidden in plain sight.
  • #509
  • Nov 5, 2014 12:46pm Nov 5, 2014 12:46pm
Breaking News!
gbpcad +22 pips so far...

bring up SL over BE..get more pips. or leave.
always draw trendlines
  • #510
  • Nov 5, 2014 12:55pm Nov 5, 2014 12:55pm
Thanks for that info tk5.

Made the trade GBP-CAD. I am down for the day but working on perfecting your strategy. I am really a noob but this is helping.

Thanks again for your great advice.

Please keep your setups coming. Its helping me a lot and i am sure more people out here.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad.jpg Size: 46 KB
  • #511
  • Nov 5, 2014 12:56pm Nov 5, 2014 12:56pm
Quoting tk5
Breaking News! gbpcad +22 pips so far... bring up SL over BE..get more pips. or leave.
A bit more than 5 pips on this one, trying a new strategy ?
  • #512
  • Nov 5, 2014 1:03pm Nov 5, 2014 1:03pm
Quoting freundr
{quote} A bit more than 5 pips on this one, trying a new strategy ?
doesn't matter if it goes why not...you can take your 5 pips and leave..

People..I would like to clarify things up here about 5 pips philosophy.

1. Originally, it's FIVE pips only if you will INDEED open nice lots of 30-50K so that to minimize any risk losing big...

2. But if you are learning then open smaller lots in order to create the mindset of earning 20-25 pips within five hours.

3. Then as you grow more experienced and grow your balance - then you should or you can grab more pips but still closing the position partially along the way.

please remember these 3 points!
always draw trendlines
  • #513
  • Nov 5, 2014 1:08pm Nov 5, 2014 1:08pm
Quoting Henry2501
Thanks for that info tk5. Made the trade GBP-CAD. I am down for the day but working on perfecting your strategy. I am really a noob but this is helping. Thanks again for your great advice. Please keep your setups coming. Its helping me a lot and i am sure more people out here. {image}
you closed too early, but never mind.))
always draw trendlines
  • #514
  • Edited 4:06pm Nov 5, 2014 1:38pm | Edited 4:06pm
Quoting JoeNY
hey some may even graduate to hedging... the real secret to trading... {quote}
That's so true, with proper MM of course, I feel almost graduate
  • #515
  • Nov 5, 2014 2:36pm Nov 5, 2014 2:36pm
Hi Tk5,
thanks you sharing this system.
I'm trying to test it , some question please:
-did you try to test it on 1h chart?it seems to work better to take the 5 pips
-Firstly you said to not insert a stop loss cause of the noise of the market, but where you stop if it go against you? i tried with 30 stop loss and it work good...or at least you have a really probability to have winning trade.


I was thinking about a strong aggressive money management strategy, but was just an idea.
Total risk of the investiment 300 euros : 3 trades for 1 days so 3 *5 = 15 pips but we will add lot size after every winning trades
so first trade with 10 lot
second with 11.67
third with 13 lot....then 15 ...and so on....then after 6 trades you will double the total investiment...
After we do it, we will have our initial 300 euro more the 300 euro we have profit.
Now we will do the same with our profit(300).So again open a trade with 10 lot earning 5 pips, and the adding lots.
I remember you this is only an idea and not a real money management system.
  • #516
  • Nov 5, 2014 3:43pm Nov 5, 2014 3:43pm
Quoting Gurudeva
Hi Tk5, thanks you sharing this system. I'm trying to test it , some question please: -did you try to test it on 1h chart?it seems to work better to take the 5 pips -Firstly you said to not insert a stop loss cause of the noise of the market, but where you stop if it go against you? i tried with 30 stop loss and it work good...or at least you have a really probability to have winning trade. I was thinking about a strong aggressive money management strategy, but was just an idea. Total risk of the investiment 300 euros : 3 trades for 1 days so 3...
http://www.forexfactory.com/showthre...44#post7843144

no, for 5-6 pips m15 is best (when you enter from start of trade set-up)
always draw trendlines
  • #517
  • Nov 5, 2014 4:08pm Nov 5, 2014 4:08pm
Quoting tk5
{quote} http://www.forexfactory.com/showthre...44#post7843144 no, for 5-6 pips m15 is best (when you enter from start of trade set-up)
Ok so in total usually at least 15-20 pips.....Risk : Reward is against you, i will test better even if for my experience i know that usually this kind of strategy doesnt work for a long period, when you will hit 2-3 consecutive stop loss will be a disaster. Usually it's better the opposite condition, tight stop loss and big take profit.
How many consecutive stop loss did you hit? as you said, you use this strategy by a long time, i would know more about the worst scenario happened.
  • #518
  • Nov 6, 2014 3:18am Nov 6, 2014 3:18am
HELP.
Is my 200 ema setting wrong?

200 period
shift 2
Exponential MA method
apply to CLOSE

Thanks in advance for reply.
  • #519
  • Nov 6, 2014 3:19am Nov 6, 2014 3:19am
Quoting sardinian
HELP. Is my 200 ema setting wrong? 200 period shift 2 Exponential MA method apply to CLOSE Thanks in advance for reply.
no need for Shift for 200
always draw trendlines
  • #520
  • Nov 6, 2014 5:08am Nov 6, 2014 5:08am
First one for me today +12 EU. I do not monitor any other pairs, get enough pips from the EU.
Attached Image (click to enlarge)
Click to Enlarge Name: EU +12 5pips 061114.png Size: 61 KB
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