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- Edlich replied Dec 5, 2014
Loser for me this AM too, looks to me like it was within the OP rules unless anyone else can point out something I've missed. The only thing I can think of that should have kept me out of this trade is an old phrase I heard on here called a 'Frankie ...
Magic 5 - five pips only
- Edlich replied Dec 5, 2014
Shoot2scoot this was a loser because it was not within the OP rules. An entry (unless it is me that's misunderstood and no doubt TK5 or someone else will correct me) is created when the body of the HA candle closes below the 5 EMA and the body of ...
Magic 5 - five pips only
- Edlich replied Dec 4, 2014
Alyle great results, but would you mind posting a few charts to show your trades please, I can't quite figure out your timezone to enable me to find your trades on my platform. Thanks
Magic 5 - five pips only
- Edlich replied Dec 4, 2014
I too took this E/U short, on the rationale of it being a resumption of the overall down trend, a short below the 200 and RSI coming down from over 70. The HA candle did open just above the 5 again, but temptation got the better of me due to the ...
Magic 5 - five pips only
- Edlich replied Dec 4, 2014
I've had a mixed morning so far and found an error in the way I am setting up my charts. I think I have been zoomed out one click too many. I had it that way so I could get a better view of the overriding market bias and not take trades against ...
Magic 5 - five pips only
- Edlich replied Dec 4, 2014
nearly, but on my platform, the 9.30 has opened just above the 5
Magic 5 - five pips only
- Edlich replied Dec 2, 2014
Still finding my feet with this really, so a bit on the over cautious side, but a couple of CT winners today, no losses, can't complain
Magic 5 - five pips only
- Edlich replied Dec 2, 2014
Kindly read the whole thread please, to save unnecessary posts cluttering it up
Magic 5 - five pips only
- Edlich replied Dec 2, 2014
I'm in the process of doing that, currently with Alpari UK. Their ECN acc has a minimum 3 full lots, which is a bit high when testing the water with a new method and their 'classic' account has spreads such at 6 pips on GB/JP and circa 3.5 on EU/JP, ...
Magic 5 - five pips only
- Edlich replied Dec 2, 2014
Lucky escape there attilafx, I was just about to post that I had thought about that trade but decided against because of the size of the trigger candle and the fact that red news was due 30 mins after entry. You must have tight spreads, I'm not sure ...
Magic 5 - five pips only
- Edlich replied Dec 2, 2014
Thanks Soupdragon, much appreciated. What's the difference between standard MT4 HA and these Synergy Candles i.e. is one more reliable than the other for this strategy? [quote]You are using a RSI 21... tk5 suggested a period of 8
Magic 5 - five pips only[quote] Thanks ...
- Edlich replied Dec 1, 2014
Soupdragon Nice trade on U/C, but could you please confirm your settings/parameters for your HA. I posted a U/C chart earlier today and my candles, particularly your entry candle look very different? Cheers
Magic 5 - five pips only
- Edlich replied Dec 1, 2014
This morning has been an education for me. I had previously posted that I preferred Jap candles to HA and that naked PA was sufficient to get me into a quick burst of momentum for my 5-10 pips. USD/CAD today gives a clear example of how I was wrong ...
Magic 5 - five pips only
- Edlich replied Nov 25, 2014
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 ...
5 PIPS - Only Five
- Edlich replied Nov 24, 2014
Forgive my cynicism, but this was a post of yours from 6 months ago, as far as I'm aware all you've done since then is lose money................
18 Pips per Day (3% per week) Trading System
- Edlich replied Nov 24, 2014
Tafa Whilst I have to admire your confidence and enthusiasm, at present it is misguided. Why don't you take some time out and read some of the great material on here, if you spend enough time and get through the right topics, you'll come to ...
18 Pips per Day (3% per week) Trading System
- Edlich replied Nov 24, 2014
This is an example of the point I made in my post 993. By the basic rules of this method, the 8.30am (GMT) HA candle was a solid red candle breaking down through the 5EMA and a colour change, with the 8.45am candle opening clearly below the 5EMA, so ...
5 PIPS - Only Five
- Edlich replied Nov 24, 2014
Yes, 1 lot is small enough to not make the risk interfere with my pulling the trigger, but enough to allow the account to grow if I achieve some consistency. I hear what you say about walking away after a few wins, which I mostly agree with. Today ...
5 PIPS - Only Five
- Edlich replied Nov 24, 2014
Morning all As good as this thread is, it has been lacking charts and trade examples. I now find myself with a bit more time in front of my platform, so can post few trades. I use the basic principles set out by TK5 and whilst I hesitate to say it, ...
5 PIPS - Only Five
- Edlich replied Nov 14, 2014
Sorry if I am labouring the point I have already made, but aren't we overcomplicating things bit here? The principle of the thread is Price Action based, with the little and often methodology added in. Price action is very simple, it doesn't need ...
5 PIPS - Only Five