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5Min Intraday System

  • #7,721
  • Edited 9:14am Mar 20, 2014 7:33am | Edited 9:14am
Quoting jeff75
Hi Piprac! Some time ago a thread presented a similar method to this one but on 1 hour time frame. Here is the link: http://www.forexfactory.com/showthread.php?t=26205 Perhaps it'll help you.
Thank you Jeff, I'll do some reading over there. p.
ps - I have added the usd/chf, it is inversely correlated but seems to mimic the two that Phillip suggested. I don't look at any other pairs just the 3 mentioned.
  • #7,722
  • Edited 3:37am Jun 3, 2014 3:13am | Edited 3:37am
Still quietly trading this method....

I prefer to only trade the first entry into the 'war zone', yes it means less trades but it means a higher win rate.

EDIT: Notice how when it came into the 'war zone' it was testing a previous high, these trades are higher probability.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 5 min.png Size: 26 KB
  • #7,723
  • Jun 16, 2014 4:12am Jun 16, 2014 4:12am
Quoting dforant1
{quote} I have used HA candles 2 same colors in a row taking 3rd upon open long/short has been successful can average easily more than 100 pips per week. Exit when color changes again or at resistance/support area's. I use a 5 day EMA as long as it's moving up or down in relation to candle color. I think the average run of same candle colors runs about 5 or more. There is a TDI indicator if more encouragement is needed that works well. Works best w/pairs that trend. I can get out of trading for day quicker with this method also.
Hi dforant,

I'm a fan of how you trade, the simplicity of it....I just wondered if you've found a better way to trade it or if you are still sticking to trading the zones?

Thanks,

Gareth
  • #7,724
  • Jun 16, 2014 3:17pm Jun 16, 2014 3:17pm
Quoting Gareth22
{quote} Hi dforant, I'm a fan of how you trade, the simplicity of it....I just wondered if you've found a better way to trade it or if you are still sticking to trading the zones? Thanks, Gareth
The Zone worked well for me. As it would for anyone with patience and money management. However, I have switched to Trading Made Simple and use of just a TDI indicator. Trading the London market 3am EST. H1 periods. It works well on D, H4,H1 and M15. Anyone could trade this with minimal training. The pullback in the Zone is another system that relies on price movement, Law of probalility. Patience and consistency is all that is required along with proper money management.
  • #7,725
  • Nov 16, 2014 4:58am Nov 16, 2014 4:58am
Hi all, is there any Moving Average indicator out there that change colors according to the slope of the line?
  • #7,726
  • Jan 2, 2015 8:23am Jan 2, 2015 8:23am
This is the closest thing that I know of.

- Enjoy
Attached File(s)
File Type: mq4 Color_MA.mq4   2 KB | 659 downloads
  • #7,727
  • Jan 2, 2015 10:35am Jan 2, 2015 10:35am
Nice thread goin here
Will try to pop in and post charts regarding this strategy!

Keep up posting fellaz
  • #7,728
  • Jan 2, 2015 10:40am Jan 2, 2015 10:40am
You don't need an moving avarage , just follow the Price Actions in the candle on a higher timeframe and go down to 5 minute timeframe to pick youre entry.
Attached Image
  • #7,729
  • Jan 5, 2015 10:23am Jan 5, 2015 10:23am
gbp/jpy.
Downtrend , entry at M5.

12 pips risk . 46 pips take profit
Attached Image
  • #7,730
  • Jan 5, 2015 11:48am Jan 5, 2015 11:48am
Quoting dutchsignals
gbp/jpy. Downtrend , entry at M5. 12 pips risk . 46 pips take profit {image}
Entry criteria???
only pin bars? and pullbacks?
  • #7,731
  • Jan 9, 2015 12:26pm Jan 9, 2015 12:26pm
MR Ma
pick the pinbars and engulfing patterns .
thats all what you need to make pips.

today +169 . 3 pairs
  • #7,732
  • Jan 9, 2015 1:54pm Jan 9, 2015 1:54pm
Quoting dutchsignals
MR Ma pick the pinbars and engulfing patterns . thats all what you need to make pips. today +169 . 3 pairs
Easy How do you determine the trend?
  • #7,733
  • Jan 9, 2015 2:07pm Jan 9, 2015 2:07pm
follow the H4 and H1
  • #7,734
  • Jan 9, 2015 2:27pm Jan 9, 2015 2:27pm
Quoting dutchsignals
follow the H4 and H1
Cheers mate!Will have a look on it over the weekend!If you like and if you have some spare time left, could you post some screens with your trades today?
  • #7,735
  • Jan 9, 2015 2:51pm Jan 9, 2015 2:51pm
H1 and h4 are in uptrend
go back to M5 and pick the entry.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 36 KB
  • #7,736
  • Mar 31, 2015 9:53am Mar 31, 2015 9:53am
Is anyone still trading with this method?
  • #7,737
  • Apr 6, 2015 8:24am Apr 6, 2015 8:24am
I am. I am trading the EURUSD,GBPUSD,USDJPY and the EURJPY pairs. I have been trading it using demo accound and recently I moved to real money account and I was able to do approximatly 400% during the last month and half. However, now I am having some problems with strict money management that costed me some money. But maybe, we can discuss some trades if you want.
  • #7,738
  • Apr 9, 2015 5:47am Apr 9, 2015 5:47am
Hi Medivo!

Thanks for your reply. Please go ahead.

Regards,
Gaurav
  • #7,739
  • Apr 13, 2015 12:33am Apr 13, 2015 12:33am
Sometimes, I have noticed that pullback from 50 ema gives also very good trading opportunities.
  • #7,740
  • May 8, 2015 4:05am May 8, 2015 4:05am
4 entry sell signals 7.05.2015y

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD m5 entry sell.png Size: 88 KB
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