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5 PIPS - Only Five

  • #621
  • Nov 11, 2014 3:05am Nov 11, 2014 3:05am
Anybody watching G/U to buy now?

http://gyazo.com/6892aaf4adc2a5ec95907cdaced6877a

Am i right?
  • #622
  • Nov 11, 2014 3:25am Nov 11, 2014 3:25am
Not being greedy a decent 35points in less than 15mins on G/U. I could have made more but a bird in hand is better than 2 in the bush.

http://gyazo.com/8e153b5db1af050f43d26910061fa890

Good strategy TKS.
  • #623
  • Nov 11, 2014 3:26am Nov 11, 2014 3:26am
Quoting dee50
{quote} If you mean can I post the Trade Manager, I am afraid, no, It was given to me by some one who paid to have it written and they asked me not to give it away, and I am respecting that. There are a number of free TMs here on FF. WUKAR Trail is one that I have used {file} There are others available from other sites. I will have a look around and post any that I can find I am currently using a SL = 20 TP =20. B/E +1 @3.5, Then Trailing Stop @10 -5.
thank you very much, I had wukar, i wanted trader manager that apart to put on SL, TP and TS ... do the following for each pair:
-acount = 1000e
-SL = 10 pips
-risk 10%
-lots = ???
is able to calculate the lots ...


Muchas gracias!
  • #624
  • Nov 11, 2014 3:32am Nov 11, 2014 3:32am
Another buy opp coming up on E/U..?

Am i right folks?

http://gyazo.com/4a153e4d0599044a021cc6c803b191e5
  • #625
  • Nov 11, 2014 3:33am Nov 11, 2014 3:33am
Quoting REgroup
Not being greedy a decent 35points in less than 15mins on G/U. I could have made more but a bird in hand is better than 2 in the bush. http://gyazo.com/8e153b5db1af050f43d26910061fa890 Good strategy TKS.
Do you mean 3.5 pip's?
  • #626
  • Nov 11, 2014 3:38am Nov 11, 2014 3:38am
Quoting JackAntigua
{quote} Do you mean 3.5 pip's?
yeah 3.5pips, pardon me.
  • #627
  • Nov 11, 2014 4:07am Nov 11, 2014 4:07am
Quoting REgroup
Another buy opp coming up on E/U..? Am i right folks? http://gyazo.com/4a153e4d0599044a021cc6c803b191e5
EU went down.. i have feelings that tactic works 50/50%
  • #628
  • Nov 11, 2014 4:10am Nov 11, 2014 4:10am
Quoting Kubiasty
{quote} EU went down.. i have feelings that tactic works 50/50%
Shut up and go do something else. You are so annoying.
Hidden in plain sight.
  • #629
  • Nov 11, 2014 4:12am Nov 11, 2014 4:12am
Quoting jakucha
{quote} Shut up and go do something else. You are so annoying.
Plz be quit guys!

@Kubiasty you have to wait and see! You can´t take every cross!!

Greetz Michael
  • #630
  • Nov 11, 2014 4:15am Nov 11, 2014 4:15am
Quoting Kubiasty
{quote} EU went down.. i have feelings that tactic works 50/50%

I think the reason for that is because the trend is down at the moment. If you look at ema 5 and 200, you will see that ema 5 is below 200 so with that in mind, for any bullish opp I believe that one has to be very cautious because E/U trend being down might force movement downwards more.

Am i right to say this TK5 and other experienced traders in here?
  • #631
  • Nov 11, 2014 4:23am Nov 11, 2014 4:23am
Quoting REgroup
{quote} I think the reason for that is because the trend is down at the moment. If you look at ema 5 and 200, you will see that ema 5 is below 200 so with that in mind, for any bullish opp I believe that one has to be very cautious because E/U trend being down might force movement downwards more. Am i right to say this TK5 and other experienced traders in here?
Iam not exp enough but i say the same! I always look for a reason dont to take a trade!

Greetz Michael
  • #632
  • Nov 11, 2014 4:24am Nov 11, 2014 4:24am
Quoting REgroup
{quote} I think the reason for that is because the trend is down at the moment. If you look at ema 5 and 200, you will see that ema 5 is below 200 so with that in mind, for any bullish opp I believe that one has to be very cautious because E/U trend being down might force movement downwards more. Am i right to say this TK5 and other experienced traders in here?
You are completely correct REgroup.

Kubiasty, look at the chart. From left to right we're clearly in a downtrend. Price is below the 200 ema. Why take a countertrend move to the upside when there is absolutely nothing to tell you to do so? No trendline break, no divergence, nowt. As mwsteiner says, you can't take every cross, you need to look at things in context.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD ($).png Size: 150 KB
  • #633
  • Nov 11, 2014 4:30am Nov 11, 2014 4:30am
Quoting Kubiasty
{quote} EU went down.. i have feelings that tactic works 50/50%
Guys, don't let us crucify Kubiasty yet perhaps he needs sometime to work on his confidence.

Kubiasty, after I waited for the price movement to do the right thing I then took the trade downwards as I am typing now I am in profit:

http://gyazo.com/7326fce1f0a6378310f59dd6ed7a09a8

we just need to be patience looking for opportunities at the right time and place.

Keep at it and it work for you too....
  • #634
  • Nov 11, 2014 4:58am Nov 11, 2014 4:58am
Quoting REgroup
{quote} Guys, don't let us crucify Kubiasty yet perhaps he needs sometime to work on his confidence. Kubiasty, after I waited for the price movement to do the right thing I then took the trade downwards as I am typing now I am in profit: http://gyazo.com/7326fce1f0a6378310f59dd6ed7a09a8 we just need to be patience looking for opportunities at the right time and place. Keep at it and it work for you too....
EU went up. You escaped from position with SL?
  • #635
  • Nov 11, 2014 5:05am Nov 11, 2014 5:05am
Look at the candles, they are tiny.
Plus USD is on holiday or at least will be. Who know how its going to play, wait for the trade to come to you
  • #636
  • Nov 11, 2014 5:09am Nov 11, 2014 5:09am
Quoting REgroup
{quote} Guys, don't let us crucify Kubiasty yet perhaps he needs sometime to work on his confidence. Kubiasty, after I waited for the price movement to do the right thing I then took the trade downwards as I am typing now I am in profit: http://gyazo.com/7326fce1f0a6378310f59dd6ed7a09a8 we just need to be patience looking for opportunities at the right time and place. Keep at it and it work for you too....

REgroup your position now has turned other side... so still 50/50..
Attached Image (click to enlarge)
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  • #637
  • Nov 11, 2014 5:41am Nov 11, 2014 5:41am
Hi mates
Did somebody tested strategy with lower profit < 5 pips, in lower time frame and in lower SL (5 M, 1 M) ?

p.s. Not easy today for me...
  • #638
  • Edited 6:51am Nov 11, 2014 5:42am | Edited 6:51am
Hi everyone! I'm new to FF and this thread caught my eye and I agree with this idea. If you can read the market, you will make 5 pips many times over much faster and easier than you will hit those homeruns with wild swing stops advertised by brokers (and get stopped out heavily). Even in this particular case, if you went short in that congestion, you probably still got or four or five pips (or could have gotten them and scratched at BE). I'm practicing this kind of cheap entries with tight stops and I think that's also basically how algos operate -- fade tight ranges with tight stops, take a few pips and set to breakeven, rinse and repeat. If some BE stops are not hit, you get a partial swing position. And there are actually 20 pipettes within two pips on the DOM, and if you look at the tick chart, there's plenty of action to trade in there. Once you learn to trade that tight, you get something of a real edge.
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"To the busy day / To the idle play"
  • #639
  • Nov 11, 2014 5:42am Nov 11, 2014 5:42am
Guys & Girls,

Stick to the basics and you will reduce the risk by a probable 60- to 70% if you just trade with the trend. If trend(sentiment) is down, look for short opportunities and the opposite when the trend is in an upward direction. You can't take every single trade every time the HA changes colour. This is not a sports playing field where you can just pass the ball every time you see a gap and head for the goal line. 95% planning + 5% execution = 100% profit.. The trading plan Tk5 has presented and shared with all, is worth more than Gold - just be patient. The trades will come to you.
No Trend, No Trade!!
  • #640
  • Nov 11, 2014 7:15am Nov 11, 2014 7:15am
Quoting Slingshot500
Guys & Girls, Stick to the basics and you will reduce the risk by a probable 60- to 70% if you just trade with the trend. If trend(sentiment) is down, look for short opportunities and the opposite when the trend is in an upward direction. You can't take every single trade every time the HA changes colour. This is not a sports playing field where you can just pass the ball every time you see a gap and head for the goal line. 95% planning + 5% execution = 100% profit.. The trading plan Tk5 has presented and shared with all, is worth more than Gold...

Yes I agree, but I suppose we need an Volatility indicator for properly define take the profit (why always 5?) and stop loss.
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