Magic 5 - five pips only

Quoting gigicualex

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{quote} TK, This strategy says to enter immediately after first candle crossing 5EMA so basically at that moment you cannot know if it's a small pullback. About the sharp decline in trend and avoiding entering on pullbacks...well I still need to understand this part but I don't know from where to begin. Let explain in few words what was my logic behind this trade. The trend is clearly bullish since 2 days ago. This morning price made a Higher high confirming again the sentiment. That sharp decline found support at 50% Fib so I considered just a...

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Quoting Olarion1975

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{quote} Sentiment/momentum was bearish, the move was too big for a pullback. After such retracement wait for price going above 5EMA, below and then above again.

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Quoting getn5

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it's consolidating ,no signal, no trade, look elsewhere...

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Quoting gigicualex

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{quote} Took your advice and longed on the 2nd break. Overall green for today. Cheers mate. This is my last trade for this year as I stick to the 4 trades per day rule. Good luck to everyone and see you next year. Happy holidays to anyone celebrating Christmas! {image}

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Quoting macdh4

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[Quote = Olarion1975; 7954897] É caras sexta-feira - fez apenas alguns comércios devido ao meu trabalho de escritório e eu estou pronto para o dia! Indo fulltime muito em breve ... O resultado de hoje: + 33,41% em minha conta ao vivo {imagem} [/ quote] This is where these accounts is some mt4 indicator?

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Quoting Olarion1975

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Could not resist to take some little counter-trend trades (rejections from round numbers). Today's final result: +42.43% (72.1 pips) {image}

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Quoting Olarion1975

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Could not resist to take some little counter-trend trades (rejections from round numbers). Today's final result: +42.43% (72.1 pips) {image}

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Quoting Olarion1975

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Could not resist to take some little counter-trend trades (rejections from round numbers). Today's final result: +42.43% (72.1 pips) {image}

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Quoting Dave_C

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Hello everybody. I was hunted off this thread about 2 days ago because I questioned tk5's integrity. He has many loyal posters who he has given a new degree of hope for, because they have very encouraging results (albeit on a short term). I questioned his methodology and basically was told that my input was not required any more because of my outspoken views. I wrote an EA which was trading, advisory or discretionary and posted it with full source code. Previously, I have fielded many questions relating to the correctness of trades on his behalf....

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Quoting tk5

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So a simple and powerful way doing it turned out to be: +5 EMA (2 shift/offset) and 5 NET PIPS...and 30K-50K lot and 1:500 leverage. +RSI 8 +and of course non-news quiet times. --- Use only ECN account --- if you dont have much money use 1:500 leverage to be able to open at least 30K lots --- DONT FORGET: Trading is a business...Business requires investing!! Dont be stingy! 1. Enter (right on the second candle opened inside 5ema) Buy trades only if price is over ema200 (either m15 or H1 you choose) and only sell if below ema 200. 2. Dont regard...

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Quoting Olarion1975

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{quote} You are damn right, mate. I found that taking the pullbacks on M1 after the M15 HA candle closes below the 5EMA works perfectly. One thing I found out: The M5 rarely gives a pullback after the M15 candle closed below the 5EMA. So more and more I will switch from M15 to M1 to find the best entry with the lowest drawdown.

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