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Magic 5 - five pips only

  • #721
  • Dec 23, 2014 2:38pm Dec 23, 2014 2:38pm
Quoting tk5
whats up 5ers..are you milking the market))
Milking the market like you do Actually I don't want to post charts, because I trade your system on renko charts...Its nothing for your thread! So Iam just a sideline reader
  • #722
  • Dec 26, 2014 2:07pm Dec 26, 2014 2:07pm
Erik Falkenstein says: "In expert tennis, 80% of the points are won, while in amateur tennis, 80% are lost. The same is true for wrestling, chess, and investing: Beginners should focus on avoiding mistakes, experts on making great moves.
always draw trendlines
  • #723
  • Dec 26, 2014 5:51pm Dec 26, 2014 5:51pm
Quoting tk5
Erik Falkenstein says: "In expert tennis, 80% of the points are won, while in amateur tennis, 80% are lost. The same is true for wrestling, chess, and investing: Beginners should focus on avoiding mistakes, experts on making great moves.

A true saying.....
  • #724
  • Dec 26, 2014 10:55pm Dec 26, 2014 10:55pm
Quoting Pinnng
why it is so important ema 200?
that's just what the big boys happened to watch
Enter Signature
  • #725
  • Dec 27, 2014 5:26am Dec 27, 2014 5:26am
management of Risk
Inserted Video
always draw trendlines
  • #726
  • Dec 27, 2014 8:47am Dec 27, 2014 8:47am
Quoting tk5
Erik Falkenstein says: "In expert tennis, 80% of the points are won, while in amateur tennis, 80% are lost. The same is true for wrestling, chess, and investing: Beginners should focus on avoiding mistakes, experts on making great moves.
  • #727
  • Dec 27, 2014 9:37am Dec 27, 2014 9:37am
Quoting tk5
Erik Falkenstein says: "In expert tennis, 80% of the points are won, while in amateur tennis, 80% are lost. The same is true for wrestling, chess, and investing: Beginners should focus on avoiding mistakes, experts on making great moves.

Yes but during wooden racquet era... lol,

You think your a expert trader?
  • #728
  • Dec 29, 2014 3:56am Dec 29, 2014 3:56am
Quoting P.Dean
{quote} Yes but during wooden racquet era... lol, You think your a expert trader?
not at all I know nothing about forex you know...
always draw trendlines
  • #729
  • Dec 29, 2014 6:37am Dec 29, 2014 6:37am
i read about 10 pages from this thread
what i understand by the posts and the charts that posted in this thread that your system already work find and simple one also.

the main problem that your system make you a daytrader


and am not that kind of guy

hope that best and i will keep an eye on it.

​
  • #730
  • Dec 29, 2014 8:05am Dec 29, 2014 8:05am
Quoting hamedmohd
i read about 10 pages from this thread what i understand by the posts and the charts that posted in this thread that your system already work find and simple one also. the main problem that your system make you a daytrader and am not that kind of guy hope that best and i will keep an eye on it. ​


you had to read 10 pages of a thread titled "Magic 5 pips" to realize it makes you a daytrader?
  • #731
  • Dec 29, 2014 8:16am Dec 29, 2014 8:16am
Quoting leeshindig
{quote} you had to read 10 pages of a thread titled "Magic 5 pips" to realize it makes you a daytrader?
i mean you have to be a day trader to use like this system

you have to monitor the chart for hours and when you find out the got open position you must stay in front of the monitor until the position closed

this i mean
  • #732
  • Dec 30, 2014 2:41am Dec 30, 2014 2:41am
Quoting hamedmohd
{quote} i mean you have to be a day trader to use like this system you have to monitor the chart for hours and when you find out the got open position you must stay in front of the monitor until the position closed this i mean
Hello Hamed... you say you have to stay in front of monitor for hr's ..not so for me I start monitor the market at around 7 AM euro central time and look for first crossing of price action and ema 5 , on confirmation I would initiate a trade ...out in six pips, now how long is that gonna be , what do you think ?
  • #733
  • Dec 30, 2014 12:49pm Dec 30, 2014 12:49pm
Quoting tk5
{quote} not at all I know nothing about forex you know...

I am glad you cleared that up since it was too obvious. lol
  • #734
  • Dec 30, 2014 12:57pm Dec 30, 2014 12:57pm
Quoting P.Dean
{quote} I am glad you cleared that up since it was too obvious. lol
you didnt have enough brain to understand that irony mate.
always draw trendlines
  • #735
  • Dec 30, 2014 1:12pm Dec 30, 2014 1:12pm
Quoting tk5
{quote} you didnt have enough brain to understand that irony mate.
Ya but in this case is quiet the opposite, lol
  • #736
  • Dec 30, 2014 1:12pm Dec 30, 2014 1:12pm
Quoting P.Dean
{quote} Ya but in this case is quiet the opposite, lol
get hell out of this thread butt-licking crap.
always draw trendlines
  • #737
  • Dec 30, 2014 3:04pm Dec 30, 2014 3:04pm
Good work men! I'm your fan! I testing your strategy for about a 3 weeks and I'm impressed of simplicity and good winning ratio! Keep it forward and don't listening people who telling you, what must to do! 5!
  • #738
  • Dec 30, 2014 4:08pm Dec 30, 2014 4:08pm
This strategy works. Once you understand basic PA the win/loss rate is very high.
Here`s a question for those who have made this system work and a challenge for any who are on their way to doing so...
"Can you over the course of a week find 2 winning trades net per week??? In other words 10 pips net per week???"

This means of the hundreds of 15MA crosses you may see each week can you cherry pick 2 of the best ones "NET"????

If the answer is yes then you can make a good living where ever in the world you may be.

In the third world you need to trade 2.5 lots on a $1000 ECN account[400:1] for a net of $1000 per month

In an expensive western city you may need to trade 25 lots on a $10,000 ECN account[400:1] for a net of $10,000 per month.

Just a question.....
  • #739
  • Dec 30, 2014 4:57pm Dec 30, 2014 4:57pm
i'm trading fxcm and i don't understand what the Shift 2 is on their platform. For the EMA's I mean. I see the option in MT4, but not in their trading station. Anybody else running on fxcm trading station here?
  • #740
  • Dec 31, 2014 5:45am Dec 31, 2014 5:45am
hello tk5,
I made another 20 net pips today in eur/usd and gbp/usd in just over 2 hours from 8:00 to 10:00. 4x5 net pips and I'm done today. Its simple!
I wish you many pips in next year and another and another

To all traders here and out there! all the best in next year, many green pips and good luck!

5!
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