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5 PIPS - Only Five

  • #661
  • Nov 11, 2014 11:51am Nov 11, 2014 11:51am
Quoting StopRunFx
Bulls seem to have established a channel in EU and have incentives to take profits by now (around 30 pip), but the question is whether strong bears will be stepping in right now? To me it looks a bit like a parabolic channel trending up in steps that could break out above the High of the Day. Sellers may be lurking a bit higher -- will be watching for price action confirmation around 1.245 to reverse to Short. Alternatively, even that short could be a bear trap and set up a Long for a high momentum spike to 1.2485, to test the 4-hour / Daily trendline....
Looks Like you called It. You are wasted here you should be on the EURUSD thread.
Cut your Losers short and let your Winners run.
  • #662
  • Nov 11, 2014 11:56am Nov 11, 2014 11:56am
Quoting dee50
Looks like I got it wrong again today. Good Luck to you all. {image}
Thanks for sharing Dee !
  • #663
  • Nov 11, 2014 12:03pm Nov 11, 2014 12:03pm
Quoting StopRunFx
The undeniable logic of profit: you can only make a profit from breakeven into your favour -- a wider stop may make you feel better for longer, but will definitely reduce your risk-reward and ruin your trader's equation. That's why you keep hearing "cut your losers, run your winners". If your initial stop is very tight, like 3-5 pips, and you tighten to BE after 2-3 pips in favour, you may well be profitable with just 30 pct expectancy if you get 3-5R multiple reward in a third of your entries (10-25 pip), which is very realistic intraday. A 5 pip...
Mate, i do stop loss - manually
always draw trendlines
  • #664
  • Nov 11, 2014 12:06pm Nov 11, 2014 12:06pm
Quoting jakucha
TK5, just a suggestion: it may be useful to update your first post with the 200EMA precision and the use of RSI, so that everything appears in the first post. Then you can just point people back to the first post again and again and they would not be surprised to see where their setups were wrong.
originally, thread was not a system rather a idea/motivational mindset..
then on second post or third..I merely shared one of ways to realize the idea and that became a method
always draw trendlines
  • #665
  • Nov 11, 2014 2:12pm Nov 11, 2014 2:12pm
Quoting dee50
{quote} Yeah, that must be it.
i use pic upload services, but somehow they expired. problem is on forum posting uploading image from computer doesnt show up it as screenshot. am i missing sth.
always draw trendlines
  • #666
  • Nov 11, 2014 3:54pm Nov 11, 2014 3:54pm
Quoting Clipi
DONE FOR DE DAY! 4 trades, 4 wins! very thanks tk5! {image}
Nice work Clipi, would you mind telling us which 4 trades these were please. I've looked back across today and can see some winners, but would be interested to see if you picked the same as me or there were others I hadn't spotted.

Thanks
Getting there, slowly but surely...
  • #667
  • Nov 11, 2014 4:04pm Nov 11, 2014 4:04pm
Retrieving some lost charts

- internals of HA
http://img.ie/images/rvsze.jpg

http://img.ie/images/nq9js.jpg


- Entry points

http://img.ie/images/96zrm.png
always draw trendlines
  • #668
  • Nov 11, 2014 4:15pm Nov 11, 2014 4:15pm
Let me give the best example and the worst scenario where most traders PANIC.

Yesterday EU approached the trend line I drew. Expecting a bounce and emergence of proper set-up I entered.
But as I entered it started hesitating..as you see even HA candle changed color..went down little up and down. But I was sure it will go up! But then I recalled FMOC meeting and it kinda affected my mind. I decided to leave because it may get very speculative.

However....as you see it didn't..so the sentiment stayed and pushed up high.

http://img.ie/images/8hb6p.png
always draw trendlines
  • #669
  • Nov 11, 2014 4:58pm Nov 11, 2014 4:58pm
Do you really think you can make money making using nothing but a M15 chart and a candle that crosses and close the 5 ema, with wide manual stop loss?
Like for every trade you lose you have to win x3-4-5-6..?

Tomorrow I will test it and will show the thruth.

Without adding that he started with a simple 5 ema cross but then said he uses haiken ashi, rsi, pivot points, trendlines, support resistance, and what more?..........man I thought it was easy to pull 5 filthy pips out of the market

eh....
  • #670
  • Nov 11, 2014 5:12pm Nov 11, 2014 5:12pm
Quoting jmatt35
Do you really think you can make money making using nothing but a M15 chart and a candle that crosses and close the 5 ema, with wide manual stop loss? Like for every trade you lose you have to win x3-4-5-6..? Tomorrow I will test it and will show the thruth. Without adding that he started with a simple 5 ema cross but then said he uses haiken ashi, rsi, pivot points, trendlines, support resistance, and what more?..........man I thought it was easy to pull 5 filthy pips out of the market eh....
jmatt, Why wait until tomorrow, test it now and show everyone the thruth!
  • #671
  • Nov 11, 2014 5:16pm Nov 11, 2014 5:16pm
eh..... Just be sure sure it's really the thruth and not for faik.

Quoting jmatt35
Do you really think you can make money making using nothing but a M15 chart and a candle that crosses and close the 5 ema, with wide manual stop loss? Like for every trade you lose you have to win x3-4-5-6..? Tomorrow I will test it and will show the thruth. Without adding that he started with a simple 5 ema cross but then said he uses haiken ashi, rsi, pivot points, trendlines, support resistance, and what more?..........man I thought it was easy to pull 5 filthy pips out of the market eh....
SPC * Swollen PocketZ Crew!
  • #672
  • Nov 11, 2014 8:40pm Nov 11, 2014 8:40pm
Thanks for starting the thread tk5.... So for I'm 12 out of 14 trading this approach on demo (and one of the losses was because I screwed up and traded during news, otherwise 13 of 14).

Going to demo a little more than try it out on my live account
  • #673
  • Nov 11, 2014 10:07pm Nov 11, 2014 10:07pm
Appears from all the posts since last week that Tk5 has become somewhat of an Iconic Figure with his own following.. - well done mate !!
No Trend, No Trade!!
  • #674
  • Nov 12, 2014 1:10am Nov 12, 2014 1:10am
Quoting JoeNY
eh..... Just be sure sure it's really the thruth and not for faik. {quote}
apparently he is Santos' new profile )) or his friend))
always draw trendlines
  • #675
  • Nov 12, 2014 1:51am Nov 12, 2014 1:51am
EUR-USD Daily.
you know what I mean.

http://img.ie/images/9f2s6.jpg
always draw trendlines
  • #676
  • Nov 12, 2014 2:09am Nov 12, 2014 2:09am
Hello, I'm a latecomer to this thread.
Tried a couple of trades with a bit of luck. Just got out of AUDJPY.



Looks like EURJPY and maybe USDJPY might be shaping up?
Attached Image (click to enlarge)
Click to Enlarge Name: hhh.png Size: 78 KB
  • #677
  • Nov 12, 2014 2:26am Nov 12, 2014 2:26am
Actually, after looking at the 1H - EURJPY & USDJPY look quite different to AUDJPY...
  • #678
  • Nov 12, 2014 2:33am Nov 12, 2014 2:33am
Quoting tk5
EUR-USD Daily. you know what I mean. {image}
The same situation on daily like couple days before, so why buy TK5 ?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 204 KB
  • #679
  • Nov 12, 2014 2:37am Nov 12, 2014 2:37am
Quoting Kubiasty
{quote} The same situation on daily like couple days before, so why buy TK5 ? {image}
if you look closely..not same situation.

Kubiasty, you should avoid making conclusions too fast.
always draw trendlines
  • #680
  • Nov 12, 2014 2:43am Nov 12, 2014 2:43am
Quoting N2FX
{quote} jmatt, Why wait until tomorrow, test it now and show everyone the thruth!
I am a human too. Let me sleep at least

Quoting tK5
{quote}apparently he is Santos' new profile )) or his friend))
No my friend I'm nobody's alterego and nobody's friend here
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