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    • Phillip Nel replied Jan 2, 2007

      Absolutely — 100% I did not get involved in trendlines as well as support and resistance but by looking at it one can make your entry much more precise and sometimes stretch your profit taking beyond 8-10 pips or not getting involve in a trade ...

      5Min Intraday System
    • Phillip Nel replied Jan 2, 2007

      Thanks — Thanks I have read about everything on this Forexfactory forum. I have also study the James16. Are using some of it in my 4Hour strategy. I have been papertrading for two years reading and studying anything I could lay my hands on ...

      5Min Intraday System
    • Phillip Nel replied Jan 2, 2007

      Gbp — Should you got involved on this one I published earlier the worst would have been a breakeven. Just show you that you can manage it. After 6 pips gain set stoploss at breakeven and that is the worst that would have happened on this one.

      5Min Intraday System
    • Phillip Nel replied Jan 2, 2007

      Perfect start — Here are some more 50SMA trend startups so that you can see how it looks like when there is a trend starting to get on its way. Look at the moving averages moving away from one another. Hope this will help

      5Min Intraday System
    • Phillip Nel replied Jan 2, 2007

      Text book Breakaway — This is what a perfect start looks like. It happened today on the EurUsd. The 50SMA is moving up, the 21EMA is opening up(moving away) from the 50SMA and the 10EMA is moving away from the 21EMA. If you see that, wait for ...

      5Min Intraday System
    • Phillip Nel replied Jan 2, 2007

      Angle of 50MA — The angle is very important but look at this example of the GBP now forming. The 21EMA and 50SMA are to close together and the angle between the two is not opening up but running parallel. Won't get involve at all. Greetings

      5Min Intraday System
    • Phillip Nel replied Jan 2, 2007

      Filters — I don't trade with indicators and or filters. The main thing is to make sure rule No 1 (50SMA are trending strongly) is valid, then wait for the price to pullback into the zone, close your eyes and enter. Do some backtesting and you ...

      5Min Intraday System
    • Phillip Nel replied Jan 2, 2007

      Today — There were two trades today. The rules are as follow. 1. The 50 Simple moving average must be in a strong trend identified by the angle it is in. 2. Wait then for the price to pull back into(inbetween) the zone of the 21EMA and the ...

      5Min Intraday System
    • Phillip Nel replied Jan 1, 2007

      More Difficult — This was a more difficult day. The purple areas are the ones where the 50MA angle were to flat for a trend and to do trades. Still I managed one wrong and two correct rades for the day. Trade No1 was wrong and trade 2 and 3 ...

      5Min Intraday System
    • Phillip Nel replied Jan 1, 2007

      Commenting to questions — The 20 Degrees is determined by eyesight. It is about trading with the trend that is strong when the angle of the 50MA is strongly in a direction. It is not about the exact angle. One gets a feeling for the movement ...

      5Min Intraday System