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Magic 5 - five pips only

  • #981
  • Jan 15, 2016 10:21am Jan 15, 2016 10:21am
Quoting tk5
{quote} to support JS's post I hereby show what 2nd candle (many confuse it) and some other points. {image}
Very good thread.
In fact this one Picture is telling a thousand words.

I often made the mistake of entering a trade on say second candle BUT with the high on the candle/wick. Don't do!

Thanks TK5
  • #982
  • Feb 21, 2016 1:02pm Feb 21, 2016 1:02pm
Forex is my muse..
I own her...
always draw trendlines
  • #983
  • Edited 5:31am Feb 27, 2016 5:19am | Edited 5:31am
ATTENTION TO FOLLOWERS!
Theres some guy who opened a system thread copying my system. it is obviously copycat whereby only difference is entering break of 5 in opposite direction which btw is silly. Seems he tried hard to hide it.. please tell people about it on that thread leaving link to here.

http://www.forexfactory.com/showthread.php?t=574065

I cant do it myself technically. hope for your collaboration!
always draw trendlines
  • #984
  • Mar 20, 2016 8:36am Mar 20, 2016 8:36am
Decided to share examples of good real entries...
Various situations..

1. Classic entry, when price is still under daily pivot, and 200. pivot point helped to choose TP as well.
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 74 KB


2. Importance of avoiding appetite for more pips!..Here market trends upwards...entered, grabbed, exited..But later price folded back down
Attached Image (click to enlarge)
Click to Enlarge Name: cc.JPG Size: 62 KB


3. Market exhausted on the trend resistance and prepares to move down...Its a nice spot to enter, then re-enter...Big picture says it all!
Attached Image (click to enlarge)
Click to Enlarge Name: ff.JPG Size: 73 KB

Attached Image (click to enlarge)
Click to Enlarge Name: ff2.JPG Size: 67 KB
always draw trendlines
  • #985
  • Apr 14, 2016 8:36am Apr 14, 2016 8:36am
Did this thread die?......sorry to see no more active members posting but it really changed my life.
  • #986
  • May 7, 2016 6:21am May 7, 2016 6:21am
Quoting daviekim
Did this thread die?......sorry to see no more active members posting but it really changed my life.
always draw trendlines
  • #987
  • May 7, 2016 6:22am May 7, 2016 6:22am
my no.1 system rule - increase position size, keep pips same.
always draw trendlines
  • #988
  • Dec 5, 2016 6:57am Dec 5, 2016 6:57am
Just found this,Looks great,just what im looking for.im going to give it a try,let you know how I get on !
  • #989
  • Jan 15, 2017 1:32pm Jan 15, 2017 1:32pm
Hello mates!

I missed my thread already

How is everyone doing in trading?

I will make some video soon.
always draw trendlines
  • #990
  • Jan 15, 2017 3:51pm Jan 15, 2017 3:51pm
Why don't you start a signal service with a monthly fee...?

Of course, after posting a verified live account MyFxBook link...
  • #991
  • Jan 17, 2017 11:22am Jan 17, 2017 11:22am
Quoting MasterGuru
Why don't you start a signal service with a monthly fee...? Of course, after posting a verified live account MyFxBook link...
you just tried to promote yourself))))
always draw trendlines
  • #992
  • Mar 3, 2017 6:53am Mar 3, 2017 6:53am
Hey,
Is this thread still active? tk5? I love this system, made some money with this system. Trying to get back to the winning ways.
Is this still a valid way to earn 5 pips?
tk5, share with us if any indicators have changed or kindly update what indicators to be used to gain 5 pips.
  • #993
  • Mar 3, 2017 11:05am Mar 3, 2017 11:05am
can you advise howto void such enteries, please refer to the attached picture.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 15min.png Size: 47 KB
  • #994
  • Mar 3, 2017 11:18am Mar 3, 2017 11:18am
Quoting billy123
can you advise howto void such enteries, please refer to the attached picture.{image}
hey Billy

look the answer is very simple, dont trade at night...that asian time on chart. thats it.
always draw trendlines
  • #995
  • Mar 3, 2017 11:21am Mar 3, 2017 11:21am
Quoting sundeep0108
Hey, Is this thread still active? tk5? I love this system, made some money with this system. Trying to get back to the winning ways. Is this still a valid way to earn 5 pips? tk5, share with us if any indicators have changed or kindly update what indicators to be used to gain 5 pips.
well, share with us trade history, then we will see how good it is

indicators are same...only I suggest to fix RSI (14) levels little lower from their default setting of 70-30, to generate more signals
always draw trendlines
  • #996
  • Mar 3, 2017 11:52am Mar 3, 2017 11:52am
Quoting tk5
{quote} well, share with us trade history, then we will see how good it is indicators are same...only I suggest to fix RSI (14) levels little lower from their default setting of 70-30, to generate more signals
sorry for stupid question, what terminal do you use?
  • #997
  • Mar 3, 2017 12:24pm Mar 3, 2017 12:24pm
Quoting FXmongoose
{quote} sorry for stupid question, what terminal do you use?
cTrader only
always draw trendlines
  • #998
  • Mar 3, 2017 12:46pm Mar 3, 2017 12:46pm
Friday off-topic )))

Inserted Video
always draw trendlines
  • #999
  • Mar 3, 2017 1:17pm Mar 3, 2017 1:17pm
Quoting tk5
{quote} cTrader only
thx, can you say and what broker do you use?
  • #1,000
  • Mar 3, 2017 5:04pm Mar 3, 2017 5:04pm
Quoting tk5
{quote} well, share with us trade history, then we will see how good it is indicators are same...only I suggest to fix RSI (14) levels little lower from their default setting of 70-30, to generate more signals
I used to trade on Alpari, but now that system is gone, and moreover it is been 2 years I left forex, but now I am back. I just started again this week, wanted to make sure all indicators are right, since this thread has been dormant for a while.
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