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5 PIPS - Only Five

  • #901
  • Nov 18, 2014 4:36am Nov 18, 2014 4:36am
Alright folks..to simplify learning and also further motivate aspirational traders (new or established) I did 4 trades within span of 15 minutes (fast forwarded one complete day).

Each of these trades has reason behind entering (explained on charts). Hopefully pictures will say alot.

Please dont ask silly questions and those who would like to clarify concrete stuff and etc PM me!

Note: I will ignore all who, without reading the thread, post destructive stuff. Forum takes much of my time these days.

1. EURUSD - did this one due to market dynamics..quick sentiment. for fun but with proper reasoning.

http://img.ie/images/zk8g5.jpg

2. AUDUSD
http://img.ie/images/jofmw.jpg

3. USDCAD
http://img.ie/images/b6s97.jpg

4. GBPAUD
http://img.ie/images/n6mvb.jpg

Result - safe and clean.
http://img.ie/images/atvyt.jpg


Morale of leaving trades:
Open each chart now and see what happened just as soon as left these trades.
always draw trendlines
  • #902
  • Edited 7:22am Nov 18, 2014 6:34am | Edited 7:22am
Really easy and very efficient, the secret to forex trading is to be constant,

Thx TK5.
  • #903
  • Nov 18, 2014 7:06am Nov 18, 2014 7:06am
really nice and easy trading, my favorit ist to close half position @5 pips and the rest going on or close at BE, its only an inspiration

many pips, like mine with this strategy

thx again tk5 and the rest which have helped

sorry for my bad english
  • #904
  • Nov 18, 2014 9:48am Nov 18, 2014 9:48am
Hi

Thanks for the great thread, very promising, really great. Unfortunately I don't have the time to trade on these smaller TF charts so ive been thinking, could this strategy be applied to say a daily time frame and increase the pips reward? Obviously there wouldn't be nearly as many trades to take, but it would be great for someone like myself.

I can't see any reason why it shouldn't work but just wondering on the community's views on it?

Thanks
J
  • #905
  • Nov 18, 2014 10:35am Nov 18, 2014 10:35am
EU +50 +1 +20. Some times you get stopped out, but at least it was a B/E. Jumped into the first trade early because there was a 1hr 123 and a second 123 continuation on the 15min. I'm not going to say a word about Divergence. Yes I am. Divergence really does not work, just look at the mess it made of my nice neat chart.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #906
  • Edited 11:11am Nov 18, 2014 10:42am | Edited 11:11am
Quoting jakeparkin
Hi Thanks for the great thread, very promising, really great. Unfortunately I don't have the time to trade on these smaller TF charts so ive been thinking, could this strategy be applied to say a daily time frame and increase the pips reward? Obviously there wouldn't be nearly as many trades to take, but it would be great for someone like myself. I can't see any reason why it shouldn't work but just wondering on the community's views on it? Thanks J
How does it look to you? you are the one who is going to trade it. Arrows show the crosses, makes it easier to see.
Attached Image(s) (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #907
  • Nov 18, 2014 10:44am Nov 18, 2014 10:44am
Quoting tk5
{quote} hey mate..regards. Templates have wrong EMAs (no 72 here, and Jap candles too). and RSI is also modified. I attached here the right Template. I removed line color too. Pure HA. I highly recommend using white background. also no need to install Heiken Ashi since MT has it there built in. {file}
Thank you for the template. Its way more clean than the one I was using. On my former template I was using TDI but I believe its not necessary.
If you, tk5, or anyone could please recommend me a video on RSI and Heiken Ashi I would appreciate it. Heiken Ashi bars I believe I already understand well but I believe is very important so any good video it would be appreciated.
One last question... sorry if its too obvious. When we talk about going with the 200 Moving Average trend do you mean if its pointing down to go short and if points up to go long? or if current price is below the line go short and above the line go long? Please excuse the question if its too obvious. For me its an important question because it would validate or not a possible trade in which a second HA candle crosses the Moving Average 5.
I am learning a lot with this thread, not because its basic but because it keeps things simple.
Thank yo and good luck.
  • #908
  • Nov 18, 2014 11:41am Nov 18, 2014 11:41am
Quoting Manu27
{quote} Thank you for the template. Its way more clean than the one I was using. On my former template I was using TDI but I believe its not necessary. If you, tk5, or anyone could please recommend me a video on RSI and Heiken Ashi I would appreciate it. Heiken Ashi bars I believe I already understand well but I believe is very important so any good video it would be appreciated. One last question... sorry if its too obvious. When we talk about going with the 200 Moving Average trend do you mean if its pointing down to go short and if points up...
You're on the money there mate !! Above 200EMA go long, below 200EMA go short..
No Trend, No Trade!!
  • #909
  • Nov 18, 2014 12:14pm Nov 18, 2014 12:14pm
For anyone on this forum who's interested - this is a screen-dump of the first trading day of the month, indicating at the RH bottom corner of the pic, "deleted [no money]"

This is how far I depleted my account with an initial deposit of $3400 started trading with an official account one month ago. - live account..

With the strategy Tk5 explained, I not only increased my total income, I now have a substantial trading amount within a matter of 12 trading days. Thanks once again to Tk5 for his insights and simple, yet effective strategy..
Attached Image (click to enlarge)
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No Trend, No Trade!!
  • #910
  • Nov 18, 2014 12:29pm Nov 18, 2014 12:29pm
Quoting Slingshot500
For anyone on this forum who's interested - this is a screen-dump of the first trading day of the month, indicating at the RH bottom corner of the pic, "deleted [no money]" This is how far I depleted my account with an initial deposit of $3400 started trading with an official account one month ago. - live account.. With the strategy Tk5 explained, I not only increased my total income, I now have a substantial trading amount within a matter of 12 trading days. Thanks once again to Tk5 for his insights and simple, yet effective strategy.....
thx Sling..you even could motivate me this way)))))

my advice: as of now withdraw 30% of it. do it.

but guys dont make your charts like a Picasso painting..be minimalists.
always draw trendlines
  • #911
  • Nov 18, 2014 3:02pm Nov 18, 2014 3:02pm
I need to visit this tread everyday. I have been doing something very similar... This may have helped me finish my rules...
Nice ! See you guys tomorrow.
Back from the dead * ding fries are done *
  • #912
  • Nov 18, 2014 3:41pm Nov 18, 2014 3:41pm
Quoting dee50
EU +50 +1 +20. Some times you get stopped out, but at least it was a B/E. Jumped into the first trade early because there was a 1hr 123 and a second 123 continuation on the 15min. I'm not going to say a word about Divergence. Yes I am. Divergence really does not work, just look at the mess it made of my nice neat chart. {image}
Hi dee50! And now I am silently stalking you here, since you left 123 thread.
It's time for me to step out from the bushes. I have two questions/observations (if may I):
Why did you revert to Stoch(8,3,3) again? I guess this is purely discretionary from your side and has to do something with divergences, right? And HA candles are there just to be inline with tk5 rules. I guess you would made the same trades even on the naked charts. Just put some SR lines on it and you're ready to go. Ultimately, at the news times, real time volumes from the futures charts would also help a bit.
:: everything is awesome ::
  • #913
  • Nov 18, 2014 3:43pm Nov 18, 2014 3:43pm
First trade of the week, 6 pips in the bag, ahh



Attached Image (click to enlarge)
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  • #914
  • Nov 18, 2014 9:28pm Nov 18, 2014 9:28pm
Quoting Moonie
First trade of the week, 6 pips in the bag, ahh {image}
Hey great work mate!

I was wondering, are you working from the 1H charts? How do you find them in comparison to the 15M?
Life is like a snickers, its full of nuts!
  • #915
  • Nov 19, 2014 12:43am Nov 19, 2014 12:43am
Hi tk5!

What a excellent trading style, well done my friend. I didn't read the whole thread, so please excuse me if you allready awnsered this quistion. Why not the MT4 platform? And what platform are you trading on? I applied this strategy on the MT4 platform, GBPJPY with great success! Have a look at the GBPJPY, very nice currency for this trading style!

Kind regards
  • #916
  • Nov 19, 2014 3:29am Nov 19, 2014 3:29am
..it work's I use momentum showing indi. do 2-3 trades a session make my day
  • #917
  • Nov 19, 2014 4:40am Nov 19, 2014 4:40am
Quoting getn5
..it work's I use momentum showing indi. do 2-3 trades a session make my day

What indicator to show momentum please ?

Best regards
  • #918
  • Nov 19, 2014 10:46am Nov 19, 2014 10:46am
Quoting BoelieBreker
Hi tk5! What a excellent trading style, well done my friend. I didn't read the whole thread, so please excuse me if you allready awnsered this quistion. Why not the MT4 platform? And what platform are you trading on? I applied this strategy on the MT4 platform, GBPJPY with great success! Have a look at the GBPJPY, very nice currency for this trading style! Kind regards
I took 8 GJ trades yesterday using this all with a positive result (5-20 pip) for an increase of 10% in the account balance using 25:1 leverage. Yesterday was pretty easy in my opinion, pretty much directional, might be a different story on days its being the dragon and whipping around all over the place
  • #919
  • Nov 19, 2014 11:11am Nov 19, 2014 11:11am
Quoting firewight
{quote} Hey great work mate! I was wondering, are you working from the 1H charts? How do you find them in comparison to the 15M?
Yes firewight, I trade H1 charts because I trade with my phone from work, so I can't be off checking the charts every fifteen minutes. I have only suffered one loss so far from about 5 trades so obviously loving this system. Moonie
  • #920
  • Nov 19, 2014 1:39pm Nov 19, 2014 1:39pm
Another winner. This one was a bit close, but I reeled it in eventually. 7 pips including spread.



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