5 PIPS - Only Five

Ha Ha, I just got made redundant and was really excited to be able to devote some time to having real go at this, but before I even finish my current job ( which i've been in for over 17 years) some inconsiderate Bank has gone and offered me a job to start immediately. How rude!!

lemme guys inspire you

1 complete day in 15 minutes.
Open 100K (1 lot) position take 11 pips - 100 net USD..close PC and come back tomorrow.
= 2000 net USD/month



(if your not brave to make 4 trades, of course)

OR DIE TRYING!

Oh well, leave your PC on at home, put TeamViewer on your mobile, and trade from work like me.

Happy Days!

this trader has a great way to make money with price action....I don't give a rats ass about the engulping star or the pp. I know these may be good but if they are so good why are you here or the other losing ind .this is ....P A.if you will look on the FF orum under trading sytems posted by EElFFRANZ you will see what he does with the 5 ema..........title is trading made easy.. he does use another ind which is ok but I hsve in my 10 yrs of trading that P A is the way....... I trade the euro/jpy 1hr with the ea order mang that I posted earlier bad typing//////////// p dog

95% of traders lose their money.
Do what most traders do, believe what most traders believe....how can your result be any different?
TK5, thanks for the thread!

TK thanks for sharing this method, this as helped me out alot HA candles are the way forward, although there was no way i could do this with my old broker, True ECN with commission much better, thanks for your help
my Demo is going good, just need to put this onto my live account now.

In my opinion MT4 is great, I've been trading the 1 minute chart successfully for a long time. But with M15 timeframe there is certainly no way it matters. I don't understand the fuss, if your orders aren't being placed right, change broker. I've tried many broker platforms and found them slow and crappy graphics. Unless you are a serious scalper off the tick charts, mt4 will be great.

That is what I do use MT4 with very tight spreads and IB commission discount

This system requires for the brokers that not only offer tight spreads but also allow nearly zero SL distance. Guys, please name such conscientious brokers you are dealing with.

Thread relocated/reopened to here:
http://www.forexfactory.com/showthread.php?t=515295

Hi tk5

first of all i want to thank you for sharing your system with us,i test your strategy for two week and it was wonderful but i have some question and i will be appreciate if answer me .

1- how long it takes for every order to touch TP (in normally or average )

2- i made a rules for myself that if candles was under EMA 200 i only going for sell position and conversely for buy .
is it a good rules ? and also many times during a day EMA 200 hits candles and im not sure i have to go for buy or sell . is there any things about
EMA 200 that i didn't notice ?

3- what did you mean about every one hour ?

4- how much should i put sl ? some times when i open a order trend goes against me and after ex. 4 hours it touch my tp .

5- i have 2000$ on my balance , with witch lot do you think it is good to open trades ?

6- is there any suggestion that can make orders none sl ? because if we hit one sl,we lost at least 5 tp .


thank you so much

look at this screen shot .

is my order open right ?

as you see both of order touched TP by chance , what if candles didn't went this way ... so how much should i set sl ?

"(I suggest you use 1:500 leverage and ECN only!. Dont be afraid. High leverage is an opportunity not a risk)"

Sorry, what's an ECN?

[quote=ProjectELi;7937518]"(I suggest you use 1:500 leverage and ECN only!. Dont be afraid. High leverage is an opportunity not a risk)" Sorry, what's an ECN?[/quote
Stands for Electronic Communications Network, view the website, will provide a good explanation
http://www.investopedia.com/terms/e/ecn-broker.asp

PC

This thread is moved:
http://www.forexfactory.com/showthread.php?t=515295

I have tried to do that but I have big lags. Sometimes it freezes up my connection. I don't know if it's the team viewer or my platform (MT4 by the way) or what. Do you have any clue on this Moonie?

Dear Folks,
If you want to scalp or just get the 5 pips or even 1 pips daily, don't forget to choose non swap account.
Play and get with small pips, often got emotion traps, you will suddenly open with a big lot size, because emotion effects.
But if you can control it, u will reach in the short time period.
Happy Trading.

I can make min 20 pips within an hour

ECN (Electronic Communication Network) - is electronic trading network, which is formed by investment funds, banks and traders. ECN orders of all participants are displayed in real time directly on the market. And the deals are made at the coincidence counter prices. Thus, the transactions are without intermediaries.