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5 PIPS - Only Five

  • #541
  • Nov 6, 2014 8:59am Nov 6, 2014 8:59am
Quoting Henry2501
Hello TK Now with this large movement of the market on the EURUSD will you stay away till market either retracts or comfirm forward movement. Oh please excuse the last trade. Could have taken me out in a bad way but luck was with me today and went my way. made a nice 340pips {image}
The lucky days are the best days. Congrats.

"made a nice 340pips". Is this a typo?
Cut your Losers short and let your Winners run.
  • #542
  • Nov 6, 2014 9:01am Nov 6, 2014 9:01am
gbpusd screaminggggg!!!
always draw trendlines
  • #543
  • Nov 6, 2014 9:02am Nov 6, 2014 9:02am
Quoting Olarion1975
{quote} lol...did you switch to MT4??
no..use it as a backup for charting)) i dont cheat
always draw trendlines
  • #544
  • Nov 6, 2014 9:03am Nov 6, 2014 9:03am
Quoting tk5
Happening now.. AUDCHF H4 Doesnt it tell you sth sexy? {image}
Why did you opened long? The candle didnt closed above ema..
  • #545
  • Nov 6, 2014 9:03am Nov 6, 2014 9:03am
Quoting dee50
{quote} The lucky days are the best days. Congrats. "made a nice 340pips". Is this a typo?
Sorry yes only 34 pips if only 340pips
  • #546
  • Nov 6, 2014 9:21am Nov 6, 2014 9:21am
Quoting freundr
{quote} Humor is always preferable to internet fighting, too many can't take a joke. I noticed you said that you only trade the EU. EU has been in a large downtrend for awhile now, does the long term trend factor into your M15 trades or are you just looking at current price action ?
Disclaimer: What I am about to say is my own opinion and should be taken with a large pinch of salt.
If I am swing trading I consider the longer term trend. If I am Day Trading or scalping I could care less what the trend is in the HTF, I look for divergences, Pin Bars S&R levels in HTFs but ultimately I am only really interested in the Trend on the time frame I am trading. This flies in the face of every thing that is taught, but I long ago realized that "The Trend is your Friend" was extremely restrictive in the Lower Time Frames because a "small pullback" in the HTF could be 60 -100pips, why shouldn't I get some of that just because of a Mantra, and since then I have had as many good "Counter Trend" trades as I have had "With Trend Trades".
Cut your Losers short and let your Winners run.
  • #547
  • Nov 6, 2014 10:02am Nov 6, 2014 10:02am
Quoting Kubiasty
{quote} Why did you opened long? The candle didnt closed above ema..
I thought that same thing, until I checked the 15m chart, the trade took a bit of heat but then the news candle shot up and got his TP. I based the entry and exit as well as I could from the 4hr chart he posted. The fact that his TP was near the 200 EMA tells me he was probably monitoring the 15m chart as well.
Attached Image (click to enlarge)
Click to Enlarge Name: Tk5 audchf trade 4 hr.png Size: 53 KB
Cut your Losers short and let your Winners run.
  • #548
  • Nov 6, 2014 10:09am Nov 6, 2014 10:09am
Can you look for this ? Is this a correct entry with TK5 strategy ? and good moment entered ?
Attached Image (click to enlarge)
Click to Enlarge Name: is this a good entry.png Size: 56 KB
  • #549
  • Nov 6, 2014 10:11am Nov 6, 2014 10:11am
Quoting Kubiasty
{quote} Why did you opened long? The candle didnt closed above ema..
Because it was H4..good enough.

besides, part of second was above.
always draw trendlines
  • #550
  • Nov 6, 2014 10:18am Nov 6, 2014 10:18am
Quoting Kubiasty
Can you look for this ? Is this a correct entry with TK5 strategy ? and good moment entered ?{image}
Looks good to me, the red candle prior to the signal candle was a reversal bar with divergence, and your entry looks to be within 1 pip of the candle open so yes perfect.

What HA candles are you using, they are slightly different to mine, the reversal bar is much more defined on my chart.

Looks like you should have your pips by now.
Attached Image
Cut your Losers short and let your Winners run.
  • #551
  • Nov 6, 2014 10:21am Nov 6, 2014 10:21am
Yes! 5 pips profit.
That are normal Heiken Ashi candles from MetaTrader4 hmm... just standard candles..
  • #552
  • Nov 6, 2014 10:22am Nov 6, 2014 10:22am
Nice and quick!

TY all!!

Greetz Michael
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15TP.png Size: 34 KB
  • #553
  • Nov 6, 2014 10:29am Nov 6, 2014 10:29am
Quoting Kubiasty
Yes! 5 pips profit. That are normal Heiken Ashi candles from MetaTrader4 hmm... just standard candles..
Try these. They are slightly better, give a better representation of PA. The MT4 ones are a little rough around the edges.
Attached File(s)
File Type: ex4 Synergy_APB.ex4   4 KB | 413 downloads
Cut your Losers short and let your Winners run.
  • #554
  • Nov 6, 2014 10:36am Nov 6, 2014 10:36am
Quoting dee50
{quote} Try these. They are slightly better, give a better representation of PA. The MT4 ones are a little rough around the edges. {file}
Thanks dude !
  • #555
  • Nov 6, 2014 10:43am Nov 6, 2014 10:43am
Btw...when i say 5 pips (any pip) i mean net pips (net from all comms and spreads)..
always draw trendlines
  • #556
  • Nov 6, 2014 11:19am Nov 6, 2014 11:19am
Quoting dee50
{quote} Disclaimer: What I am about to say is my own opinion and should be taken with a large pinch of salt. If I am swing trading I consider the longer term trend. If I am Day Trading or scalping I could care less what the trend is in the HTF, I look for divergences, Pin Bars S&R levels in HTFs but ultimately I am only really interested in the Trend on the time frame I am trading. This flies in the face of every thing that is taught, but I long ago realized that "The Trend is your Friend" was extremely restrictive in the Lower Time Frames because...
Appreciate the information and perspective..
  • #557
  • Nov 6, 2014 12:49pm Nov 6, 2014 12:49pm
Maybe useful. Needs the respective indicators. (Heiken Ashi and Synergy_APB)
Attached File(s)
File Type: mq4 Haiken Ashi Seperate Window.mq4   3 KB | 405 downloads
File Type: mq4 Synergy_APB Seperate Window.mq4   3 KB | 400 downloads
  • #558
  • Nov 6, 2014 1:01pm Nov 6, 2014 1:01pm
TK5,

About Your trade in post530 AUDCHF 4HR the price and ema5 are below ema200 and said we use 4hr to determine the trend follow by 1hr and trigger your trade with 15m chart, so why did you decide to buy from under 200ema though i notice the RSI is above 30 and the price is crossing 5ema but all under 200EMA.can you please explain thanks.
  • #559
  • Nov 6, 2014 1:19pm Nov 6, 2014 1:19pm
Quoting lecoon2003
TK5, About Your trade in post530 AUDCHF 4HR the price and ema5 are below ema200 and said we use 4hr to determine the trend follow by 1hr and trigger your trade with 15m chart, so why did you decide to buy from under 200ema though i notice the RSI is above 30 and the price is crossing 5ema but all under 200EMA.can you please explain thanks.
well because it reached good support...and it was H4 tf so makes big sense.

it is possible to buy under 200 depending on situation...actually, price has to somehow to up at some point.

on M15 it would riskier though.
always draw trendlines
  • #560
  • Nov 6, 2014 1:19pm Nov 6, 2014 1:19pm
Hi,

In post 547 sorry why did you enter a LONG trade when ema5 is under EMA200 in 15 minute chart or you dont consider EMA200 in 15 minute chart before you enter a trade.AUDCHF 15.


ALso i saw the same trade about 30 minute ago in USCAD 15min chart SELL but because in 1hr and 4hr 57ema is above 200ema which someone should look for BUY only.

but your post 547 is different can you explain this please.thanks
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