EURU$ trade today — My EURU$ trade today. I did like the flat type of pullback ("F") on the chart and I entered a buy trade of the 21MA (all according to my rules). But just look at what happens next - the price broke through my small support ...

5Min Intraday System

Agree — I can't agree more!!!!!!!!!!!!!!

5Min Intraday System

Pleasure and keep posting — Hi S Pleasure is all mine and keeping posting your opinion/analysis so that we can share - I am sure it was Phillip's viewpoint when starting the 2 threads.

5Min Intraday System

Many system but only ONE Phillip — Well done, Phillip. There could be many trading systems but people, remember, there is only one Phillip Nel. Tx for all your support and assistance and I am not even talk about the time you've spent with us.

4 Hour Strategy (MACD)

Well done!!!!! — Hi S Well done and excellent analysis. Just note that #4 to me was a high risk trade only because: the 21MA on SMAangle already went through 0.4 line "Late" Friday afternoon Already a 60pips move - we are in beat 2 (I think ...

5Min Intraday System

Comments — Hi A Just a few additional points to streamline tour trades: It is very important to look at the price action and get use to the price motions of a pair. The size of the pull-back candles and the angle is very important. Look for ...

5Min Intraday System

"Building" the SMAangle & 21MA — Hi A The attached word doc will explain the procedures to be follow to "build" the SMAangle window. Hope it helps. I keep my non-trade zone for EURU$, cable and U$JPY between 0.1 and -0.1. It is ...

5Min Intraday System

Non-trade zone — Hi A Tx. The non-trade zone is the area on the SMAangle indicator between the 0.1 and -0.1 lines. For the EURJPY pair, Phillip and myself decided to take the 0.15 & -0.15 lines and borders. While the 21MA remains within that ...

5Min Intraday System

?Trading on pull-back back through 21MA — Richard7 question: Suppose you take a 5min trade on a valid set up and it takes out your mental stop, but stays near the 21 and above the 50. Would you take it again if it moves back up through the war ...

5Min Intraday System

Interesting Friday EURU$ chart — Just the message I've put on the Skype chat today: "I think this is the market motion Phillip is refering to - on the EURU$. Just look at the nice support found on the 21MA. That is why we do some positive high ...

5Min Intraday System

Quick high risk trade — A quick trade while chatting to watchout4me on Skype. I saw the set-up and the pull-back looked good and it looked like support around 10MA. I was just worried about the 21MA that was above the 0.4 line making this a ...

5Min Intraday System

1 min EURU$ news trade today — My 1 min news trade today. I've tried to enter in the war-zone on a pull-back from the 21MA. Unfortunately the price when through the 21MA to the 50MA but it didn't trigger my SL (could have entered at a better ...

5Min Intraday System

What happens if you don't follow rules — Just to show you what happens if one doesn't follow the rules. Everything looks good except the 21MA on SMAangle was in the NON-TRADE ZONE. I didn't even draw my small resistance line - should have also ...

5Min Intraday System

Hi W You move your SL to break-even - move your Stop loss to your orginal entry price.

5Min Intraday System

Anytime — Hi W Anytime, just register with Skype and send your Skype ID to one of the members already in the chat room. He/she will add you to the chat. Just take note that the chat consists of instant message (IM) and not "telephonic ...

5Min Intraday System

My pairs — Hi Check My pairs are in order of preference: EURU$ GBPU$ EURJPY and lastly U$JPY (very few trades). I only use my small support/resistance line as a filter so far and I try and stay within my rules (identify the high probability ...

5Min Intraday System

Didn't follow any markets for almost 2 weeks — Hi EM Sorry but I didn't follow any markets for almost 2 weeks. Was on holiday but I hopefully will start again on Thursday (tomorrow). Just arrived back home today.

5Min Intraday System

One observation — Hi EM Just one observation from your charts and also one of my rules: Once you do have tails coming through the 21MA it seems like the trade set-ups thereafter become high risk trades. I therefore won't enter a trade if I ...

5Min Intraday System

Stay with your pair/s — Hi Check Good point. Currently I am looking at just 4 pairs and that is exactly what Phillip is recommending. You need to get familiar with the price action of each pair you are following. It is of no use jumping from ...

5Min Intraday System

Journal of your trades? — Hi Emarco I am impressed with the success you have with this 5min system. I was just wondering, do you keep a journal of your trades? I do keep an Excel spreadsheet of my trades. Separate for demo and live trades. ...

5Min Intraday System