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5 PIPS - Only Five

  • #561
  • Nov 6, 2014 1:29pm Nov 6, 2014 1:29pm
Quoting lecoon2003
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
I checked H4 to see bigger picture, H4 was coming from RSI 30...and saw it is on major support with bounce already started...so it means sentiment is up no matter if its under 200 on m15 or not.

it was a strong set-up.
always draw trendlines
  • #562
  • Nov 6, 2014 2:05pm Nov 6, 2014 2:05pm
Quoting tk5
{quote} I checked H4 to see bigger picture, H4 was coming from RSI 30...and saw it is on major support with bounce already started...so it means sentiment is up no matter if its under 200 on m15 or not. it was a strong set-up.
Out of interest tk, what was your stop (if you used one) and target on this one? I guess it's not going to be 5 pip's target on a 240 min trade.
  • #563
  • Nov 6, 2014 2:14pm Nov 6, 2014 2:14pm
Quoting JackAntigua
{quote} Out of interest tk, what was your stop (if you used one) and target on this one? I guess it's not going to be 5 pip's target on a 240 min trade.
.i discovered it on M15, entered 0.8297 exited 0.8329.

there was 17 pips of pullback in the process. I didnt close though.

it wasnt 5 pips because lot was small.
always draw trendlines
  • #564
  • Nov 7, 2014 6:35am Nov 7, 2014 6:35am
It's good through any method people make money. But how I do?

1. Go with the trend or the reversal when I feel it's sure.
2. I look for at least one currency is OFF hours.
3. Use Daily chart and 4 hour chart to look for suitable trade.
4. On 15 minutes chart, when parameters are met, I enter trade as attached here.
5. I use SSD, RSI, AO, MACD.

There is, my dear friends, no magic formula but just patience and practice and you will get the reward. It's not like making 5 pips or 50 per trade. Just make little paper work before opening a trade. Don't be emotional trader. Always USE STOP LOSS. LOSE $5 INSTEAD OF $500.
Attached Image (click to enlarge)
Click to Enlarge Name: AUSUSD.png Size: 117 KB
  • #565
  • Nov 7, 2014 12:06pm Nov 7, 2014 12:06pm
How do you monitoring different pairs crossing zone EMA 5?
I adapted Pips2MA_DB ...
and you guys?
Attached Image (click to enlarge)
Click to Enlarge Name: monitoring pairs EMA5.GIF Size: 8 KB
  • #566
  • Nov 7, 2014 12:56pm Nov 7, 2014 12:56pm
Quoting sardinian
How do you monitoring different pairs crossing zone EMA 5? I adapted Pips2MA_DB ... and you guys? {image}
monitoring dashboard is tricky.
it's very useful but confusing too...giving repeated signals (pips numbers) after crossing emas. as price goes up and down.
always draw trendlines
  • #567
  • Nov 7, 2014 12:57pm Nov 7, 2014 12:57pm
You have to train yourself like a sniper
Attached Image
A sniper in the military has an edge over his or her enemy; their edge is unwavering patience, mastery of their weapon, and the ability to remain consciously in control of their mind and body for right time, right position in high-stress situations.

If the object stays in your target, no matter what... just pulled trigger. I like this game very much
BullShit BearShit
  • #568
  • Nov 7, 2014 1:22pm Nov 7, 2014 1:22pm
Quoting sardinian
How do you monitoring different pairs crossing zone EMA 5? I adapted Pips2MA_DB ... and you guys? {image}
Apparently, I am doing something wrong - what I get after I attached the indi to the chart is just one pair with legend, nothing like what you have in your snapshot. ???
  • #569
  • Nov 7, 2014 1:23pm Nov 7, 2014 1:23pm
Quoting sardinian
How do you monitoring different pairs crossing zone EMA 5? I adapted Pips2MA_DB ... and you guys? {image}
In the settings, make sure 'Alert' is set to true. You will then get a pop up alert when price touches the MA. The numbers in the picture - the bigger the number, the further away price is from the MA. '0' is on the MA. Minus figures, are the number of pips the pair has moved the other side of the MA. Hope this makes sense.
  • #570
  • Nov 7, 2014 1:52pm Nov 7, 2014 1:52pm
Quoting MidnightRun
{quote} Apparently, I am doing something wrong - what I get after I attached the indi to the chart is just one pair with legend, nothing like what you have in your snapshot. ???
Have a look at post 362 and make sure nothing is in 'CurrencySuffix' field. I accidentally put a pair in there and it didn't show any pairs on the dashboard. Also, you have to have a chart open for each pair shown on the indicator.
  • #571
  • Nov 7, 2014 1:54pm Nov 7, 2014 1:54pm
Quoting MidnightRun
{quote} Apparently, I am doing something wrong - what I get after I attached the indi to the chart is just one pair with legend, nothing like what you have in your snapshot. ???
You must add the number of the pairs in the market watch.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture2.GIF Size: 47 KB
  • #572
  • Nov 7, 2014 2:05pm Nov 7, 2014 2:05pm
Thanks guys!
  • #573
  • Nov 7, 2014 7:59pm Nov 7, 2014 7:59pm
Winning is hard; i still think 90% of retail traders are loser and that including me
IMO, you have to have a system with 1 to 3 ratio to win or at lease 1 to 2
It very hard to win with scalping because of spead; eur-usd is by far is a very low spead but is like 16 pt (1.6 pip) to get your 5pip you actually have to get 7pip


It very hard to wins in forex guys; I am in my third years now and just begining winning a little but have blow more then 10 account in the past 3 years
  • #574
  • Nov 7, 2014 9:00pm Nov 7, 2014 9:00pm
Attached File(s)
File Type: xls 1000 capital.xls   31 KB | 670 downloads
Quoting kabukyboy
Winning is hard; i still think 90% of retail traders are loser and that including me IMO, you have to have a system with 1 to 3 ratio to win or at lease 1 to 2 It very hard to win with scalping because of spead; eur-usd is by far is a very low spead but is like 16 pt (1.6 pip) to get your 5pip you actually have to get 7pip It very hard to wins in forex guys; I am in my third years now and just begining winning a little but have blow more then 10 account in the past 3 years

dear kabukboy
think like this you have an account with 1000 usd use 0 .10 lot and if you want to blow your account. you have to lose 1000 pips. but if you can make 5 pips a day each month you can make 100 pips 100 pips mean 100 usd .this is 10% on your capital. what this 10% can do in long run see the attachment. if you cant make 5 pips a day better dont trade.you said you blow 10 account in three years thats mean every 3.6 month you blow aaccount.thats mean you are not trading you are a gambling.

by changing your thinking you change your beliefs
when you change your beliefs you change your expectations
when you change your expectations you change your attitude
when you change your attitude you change your behaviour
when you change your behaviour you change your performance
when you change your performance you change your life
  • #575
  • Nov 7, 2014 9:02pm Nov 7, 2014 9:02pm
Quoting kabukyboy
Winning is hard; i still think 90% of retail traders are loser and that including me IMO, you have to have a system with 1 to 3 ratio to win or at lease 1 to 2 It very hard to win with scalping because of spead; eur-usd is by far is a very low spead but is like 16 pt (1.6 pip) to get your 5pip you actually have to get 7pip It very hard to wins in forex guys; I am in my third years now and just begining winning a little but have blow more then 10 account in the past 3 years
you get what you think about
  • #576
  • Nov 8, 2014 1:22am Nov 8, 2014 1:22am
Quoting mario777
{quote} you get what you think about
mario you havent responded to my pm yet...
always draw trendlines
  • #577
  • Nov 8, 2014 2:55am Nov 8, 2014 2:55am
Quoting hammadshahir
It's good through any method people make money. But how I do? 1. Go with the trend or the reversal when I feel it's sure. 2. I look for at least one currency is OFF hours. 3. Use Daily chart and 4 hour chart to look for suitable trade. 4. On 15 minutes chart, when parameters are met, I enter trade as attached here. 5. I use SSD, RSI, AO, MACD. There is, my dear friends, no magic formula but just patience and practice and you will get the reward. It's not like making 5 pips or 50 per trade. Just make little paper work before opening a trade. Don't...
Hows the trading going on using your system? what s your stoploss and tp?
  • #578
  • Nov 8, 2014 3:19am Nov 8, 2014 3:19am
Quoting forextarget
{quote} Hows the trading going on using your system? what s your stoploss and tp?
For this swing, my target was below 85500 if NFP was positive. If negative (which happened), I placed ST at 8600 but I closed manually after seeing the result at 8588. GBPJPY offered an other opportunity to go long so I did and it's still open.
  • #579
  • Nov 8, 2014 3:55am Nov 8, 2014 3:55am
Quoting hammadshahir
{quote} For this swing, my target was below 85500 if NFP was positive. If negative (which happened), I placed ST at 8600 but I closed manually after seeing the result at 8588. GBPJPY offered an other opportunity to go long so I did and it's still open.
Kindly open a separate thread for your system.
always draw trendlines
  • #580
  • Nov 9, 2014 9:57am Nov 9, 2014 9:57am
Hi TK,
I've been trading since 2008 with no chance of success
Now I feel like I have my chance again after reading all of your thread. Will keep this thread watched. Thanks TK for your sharing
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