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5 PIPS - Only Five

  • #921
  • Nov 19, 2014 2:06pm Nov 19, 2014 2:06pm
Hi Moonie, I like your trading and chart layout. But be careful not to trade against engulfing candles.

See the big red engulfing candle about 8 candles back? They are a very powerful signal that price has turned.

Any way, keep up the profitable trades! and keep posting your charts. Well done.

http://www.forexfactory.com/attachme...1&d=1416425852
  • #922
  • Nov 19, 2014 2:41pm Nov 19, 2014 2:41pm
ps: moonie and dee cheating
always draw trendlines
  • #923
  • Nov 19, 2014 3:11pm Nov 19, 2014 3:11pm
Quoting Timo7
Hi Moonie, I like your trading and chart layout. But be careful not to trade against engulfing candles. See the big red engulfing candle about 8 candles back? They are a very powerful signal that price has turned. Any way, keep up the profitable trades! and keep posting your charts. Well done. {image}
Thanks for the feedback Timo. The divergence indicator popped up when the doji formed which was more or less level with the previous swing high from yesterday. When price reversed and broke through the 5EMA I had that nice warm trigger pulling feeling. Closed the chart and got back to work.
  • #924
  • Nov 19, 2014 3:15pm Nov 19, 2014 3:15pm
Please forgive give me master tk, for straying from the path.




Quoting tk5
ps: moonie and dee cheating
  • #925
  • Nov 19, 2014 4:39pm Nov 19, 2014 4:39pm
so I went back to the old way of looking at charts and it seems to have helped tremendously for me...

It does take some work to know where things are gonna stall, breakthrough, or reverse.

I really just wanted to be so good I could look at a chart and call it blindly....guess it doesn't happen this day in age.

I am gonna try and upload a chart...hope it works......
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-m1-fxdirectdealer.png Size: 49 KB
....

This could be a picture of my dog swimming in the pool........or it could be a real chart where I got in and we shall see what happens.....

peace
  • #926
  • Nov 19, 2014 4:41pm Nov 19, 2014 4:41pm
Ooops...the dotted line was my entry.....

Just getting use to this posting stuff again.......

hope to be better latter..

peace.....
  • #927
  • Nov 19, 2014 4:42pm Nov 19, 2014 4:42pm
Quoting ILOVEmoney2
so I went back to the old way of looking at charts and it seems to have helped tremendously for me... It does take some work to know where things are gonna stall, breakthrough, or reverse. I really just wanted to be so good I could look at a chart and call it blindly....guess it doesn't happen this day in age. I am gonna try and upload a chart...hope it works......{image}.... This could be a picture of my dog swimming in the pool........or it could be a real chart where I got in and we shall see what happens..... peace
it looks like a psy pool man...get rid of it. live longer.
always draw trendlines
  • #928
  • Nov 19, 2014 5:17pm Nov 19, 2014 5:17pm
Quoting ILOVEmoney2
Ooops...the dotted line was my entry..... Just getting use to this posting stuff again....... hope to be better latter.. peace.....
wrong thread, comrade.

always draw trendlines
  • #929
  • Nov 19, 2014 6:18pm Nov 19, 2014 6:18pm
no prob.

now....we go and take care of the neighbors dogs and then we make some popcorn and chill and let this trade go for a couple of weeks.....
  • #930
  • Nov 19, 2014 6:32pm Nov 19, 2014 6:32pm
somebody please tell me how you would not trade his as a long term short fot the next year......
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-mn1-fxdirectdealer-wow.png Size: 42 KB
  • #931
  • Nov 20, 2014 7:23am Nov 20, 2014 7:23am
Monthy chart on a 5 pip thread ? are you kidding ? please dont polute this thread with other stuff not related to the system.
  • #932
  • Nov 20, 2014 7:27am Nov 20, 2014 7:27am
I think he was looking to grab 5 pips around Jan/Feb time and then perhaps another 5 during the summer.
  • #933
  • Nov 20, 2014 8:16am Nov 20, 2014 8:16am
Quoting Black Fox
{quote} 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...
Hi Black Fox. I did not trade until FOMC yesterday hence the delay in responding.
Stochs 8,3,3 . You are correct. Easier to see the divergences for the uninitiated.
HA Candles. You are correct once again. I just use the "Foreground Chart" setting so I can see PA.
Cut your Losers short and let your Winners run.
  • #934
  • Nov 20, 2014 8:24am Nov 20, 2014 8:24am
Quoting dee50
EU +41 +23 +30. A little knowledge can be dangerous. OK I cheated on the last one, used the news to get the extra pips. TPs were based on S&Rs and Trend lines. {image}
Picasso
always draw trendlines
  • #935
  • Nov 20, 2014 8:31am Nov 20, 2014 8:31am
Quoting dee50
{quote} Hi Black Fox. I did not trade until FOMC yesterday hence the delay in responding. Stochs 8,3,3 . You are correct. Easier to see the divergences for the uninitiated. HA Candles. You are correct once again. I just use the "Foreground Chart" setting so I can see PA.
Hi Dee
Great Job!
Thanks for answer!
  • #936
  • Nov 20, 2014 8:59am Nov 20, 2014 8:59am
Quoting dee50
EU +41 +23 +30. A little knowledge can be dangerous. OK I cheated on the last one, used the news to get the extra pips. TPs were based on S&Rs and Trend lines. {image}
Hi Dee, I'm a bit confused. The middle of the 3 trades appears to be the only one you entered after the candle closed on the correct side of the moving average. Trade's 1 & 3 appear to have been entered prior to a close on the correct side. Perhaps you could clarify if I am incorrect.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 5 pip's.png Size: 173 KB
  • #937
  • Nov 20, 2014 9:05am Nov 20, 2014 9:05am
Quoting dee50
{quote} Hi Black Fox. I did not trade until FOMC yesterday hence the delay in responding. Stochs 8,3,3 . You are correct. Easier to see the divergences for the uninitiated. HA Candles. You are correct once again. I just use the "Foreground Chart" setting so I can see PA.
Thanks for the reply. It means so much to me. I've learnt a lot from you. Keep rocking!
:: everything is awesome ::
  • #938
  • Nov 20, 2014 9:58am Nov 20, 2014 9:58am
Quoting dee50
{quote} I have never been a good rule follower and I hate to let the market keep pips just because of a Rule. I did not explain the entries as they used Trading Experience as a reason for the entries and I did not want to cause too much confusion. 1st trade. Pin Bar (Reversal Bar) plus divergence on the 1hr plus 1st Red news, This market was going down, I joined after price broke down thru the S&R level and the BRN, then the 2nd Red News came pushing it further down and then the 3rd Red News just to finish it off. There was confluence of a Trend...
So, not a whole lot of use for those trying to follow the idea behind this thread, more a platform for you to demonstrate what a clever clogs you are.
  • #939
  • Nov 20, 2014 10:05am Nov 20, 2014 10:05am
Quoting JackAntigua
{quote} So, not a whole lot of use for those trying to follow the idea behind this thread, more a platform for you to demonstrate what a clever clogs you are.
There you go. Do you feel better now.
Cut your Losers short and let your Winners run.
  • #940
  • Nov 20, 2014 10:26am Nov 20, 2014 10:26am
Quoting dee50
{quote} There you go. Do you feel better now.
Yes thank you. Now I've discovered that what you have to say has about as much relevance to this thread as a chocolate teapot, I know to ignore you from now on.
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