Thanks — Hi Ad Thanks - I am just trying to help other traders so that they don't fall in the very traps that I did. Also just to formalise the systems for myself otherwise you will do what ever you like to do - and no-go in trading. Re: the ...

5Min Intraday System

Total no for me — Hi Gs The EY at this stage is a total no-go for me right now. Just because of that 21MA break and it turned around 50MA - meaning slow market speed and no support found on 21MA. It can go anywhere. Like it is doing right now. ...

5Min Intraday System

Fast speed market — Just to show people what can happen in fast moving markets (no enter/setups on the 5min chart). There was no change of a trade on the 5min chart and I've changed to the 1min chart and there were tw setups. Just take note ...

5Min Intraday System

Early exit trade — Just to show you how I've exit a trade too early because I didn't like the development of the trade. Initally a ascending triangle and I've entered on the opening of the candle above arrow. Look how the candles in the ...

5Min Intraday System

My intepretation — Hi Gs My chart of cable: See what I meant by closes on wrong side of the 21MA - look at where my small resistance line starts - closes on wrong side. The same for the next pullback. Can you see why you should wait for ...

5Min Intraday System

Critical issues - very good questions — Hi FC 1. I don't really look at the distance/space between the MA. What I do look for is when the 21MA is become flatter - be careful. 2. I try to enter as close as possible to the 21MA and yes, I first ...

5Min Intraday System

No specific rule — Hi Pr No, there isn't a specific rule about "that 3 candles". I just trade what I see. I saw the resistance - 3 candles highs was on that level. If I don't feel comfortable with a trade, I try to exit as close a possible to ...

5Min Intraday System

Don't drag it — [quote=yendis70;1646863][php] Hi Sid Sorry but my last 2c on this topic. Don't drag the SMAangle indicator to the chart. Rightclick on it in the navigation box and an option of "attach to chart" will appear. Click on that. The ...

5Min Intraday System

testing — Hi EyeV That is why it is difficult to see - I don't want it to be too obvious. I am just testing it. I want to see how the price is reacting near the fib levels on a 5min chart. I know it is very helpful on longer time frames.

5Min Intraday System

Slow market — My trade with the "Reverse church" price formation but the market was too slow. Decided to close for a 3 pip profit. I've missed the previous setup which was a descending triangle formation but i am not sure if I would have taken ...

5Min Intraday System

EUR's price pattern today as discussed earlier — The price pattern on EUR today as mentioned earlier. Look at the higher lows above the blue triangle - ascending triangle being formed with resistance found below rectangle. This was after the ...

5Min Intraday System

Interesting question — Hi A Very interesting question - my opinion and I don't think it is what you want to hear: 1. I don't "think" about a pair's movement intra-day. I watched the charts and trade what I see. You need to read the story ...

5Min Intraday System

Church to Right — Did you see the "Church to right" formation on that chart? Unfortunately you have to take teh trade on the 10MA - bit risky. I've saved the picture to be put on thread later today.

5Min Intraday System

1.5% — I do use mini-lots and I try to lose only 1.5% of my current capital per trade. I do use the Excel spread sheet to determine my position size. Just keep it as simple as possible. For a mini account with InterbankFX: If you do have $500 ...

5Min Intraday System

Hi Sid — Hope you've solved your MT4 platform problems. Yes, I am also using (and surviving) the 200:1 leverage on a mini account of $500. I've decided to start with a small mini account to train myself in the forex market, develop the ...

5Min Intraday System

Follow only 2-3 pairs — Hi Fc You need to decide for yourself. Just follow Phillip's advice: Only follow a pair or two and get to know them. He started with only EUR$ and Cable and later added $JPY. I follow only 4 pairs as specified in My ...

5Min Intraday System

Confirm EyeV message — Just to confirm EyeVoltage message: 1. Phillip still trade this system but only after 15H00GMT. And you'll see there aren't many setup in that time frame. 2. Page 156 Appendix D of My Rules. 3. I don't use an EA - this ...

5Min Intraday System

Comments — My comments: OsMA - it won't work in place of the SMAangle because the Osma is similiar to the MACD of other trading platform. I've learned that from a forex course I bought before I discovered Phillip's system. Eyevoltage is ...

5Min Intraday System

Tx EyeVoltage — Hi Eyevoltage Tx for your help. I know I can count on you - one of the few that still care and pitch up just when we need you. Would it be possible to post your instruction as a file so that every newbie could use your valuable ...

5Min Intraday System

Anybody that can help Sid — Hi Sid Now then, is there anybody that can help Sid? I am "technologically disabled" - that is why I explained everything I know (and how I was instructed to do it and did it) in that Appendix. I also struggled like ...

5Min Intraday System