Answers — Hi What 1. Yes,this system can work on any pair as well as stocks. Phillip is trading stocks and he did use the principles of this system. 2. This is a great thread with a wealth of information. My suggestion is to work through the ...

5Min Intraday System

Another example of HighLow entry method — Continuation of the explanation of the HighLow entry methd: Excellent example of a HighLow entry (this time a long entry when the high of previous candle is broken). Excellent because what I call ...

5Min Intraday System

HighLow entry #3 — Thirdly - like I said, I do follow the pullback carefully by: 1. Identifying the low of each candle (small pink lines) 2. I do look for a break of that previous candle's low - a signal for me to enter. 3. There must be signs ...

5Min Intraday System

HighLow entry #2 — Secondly I look at the market rhythm between the levels (levels not indicated) I do wait for a nice pullback towards the war zone as indicated on the charts. I do follow the pullback closely (see next post). Then I would ...

5Min Intraday System

HighLow entry #1 — This is how I am currently trying to enter using this system. Let us look at the 5min EURO chart of today: First there is a strong strong move downwards after price tried to break the 1.3000 level. Then I do start to draw my ...

5Min Intraday System

No — Hi F No, the High/Low entry method was not yet discussed on this thread. Examples and explanations to follow. If you look on the first page and look at Phillip's first few posts, you'll see that he used only the 3 MAs (10, 21 and 50). All ...

5Min Intraday System

Part of a pm — A part of a pm I've received and my answer. I think it would benefit others and answer some questions: A part of a pm I've received from a fellow member (thanks for the pm): It seems to me you are moving towards naked trading. ...

5Min Intraday System

Post 7031 — Hi F I did post a chart with a setup (the first setup) near my significant level (pink line) - post #7031. The rest of the setups were not considered. I'll see if I can find some other setups.

5Min Intraday System

Correct — Hi Zo Perfect, that is how this system should be traded/used. I just have one problem with it and that is that there are too many setups that do trigger your SLs. That is why I am now looking at the setups near my significant levels ...

5Min Intraday System

1 setup that could have been taken — This is how I would have traded yesterday's chart - only 1 setup was near my significant levels - acted as resistance with my SL above that level and in this case, above previous candle High and possible ...

5Min Intraday System

Yesterday's chart — This is how I draw my significant levels - an example of yesterday's chart. Just link the top or bottoms of waves (yellow circles) with each others (pink lines) and you will immediately see where the significant levels are. ...

5Min Intraday System

It depends — Hi Fafa It depends on the type of setup - it differs from 10 to 50pips Like I said before, yes - there are many setups to be found because it is a 5min system. Nowadays I only enter a setup when there is a clear significant level ...

5Min Intraday System

Exit for -7pips — And then my exit for -7pips after I saw my small intra-day trendline was broken. What happens afterwards - the bears won!

5Min Intraday System

My entry — I didn't enter in the war zone - which is the place to enter so that you can be close to your "escape" area and minimise your risk (your SL). Look at the previous chart and now my entry - almost 10pips difference and for this ...

5Min Intraday System

Now for a live chart — Now lets look at a live chart and just as I saved the chart, that should have been my entry. But it was a bit too far from my significant level. But that side way movement indicated that the price doesn't know what to ...

5Min Intraday System

A setup — A setup I was looking at but I didn't really work out. Bulls are still too strong. But what I am trying to show you people is the big red (bearish candle) moving downward after the tail of the previous bearish candle tested my ...

5Min Intraday System

Post a few chart later today — Hi M I'll post a few charts later today as examples

5Min Intraday System

Signifcant level — As long as my significant level and small intra-day trendline are tested and holding, it is a go. I hope it make sense.

5Min Intraday System

Trend continuation system — Hi Adrian Just remember this is a Trend Continuous (TC) system and not an Counter Trend (CT) system. There are opportunities to trade CT setups but those are more profitable in choppy and range bound markets. The CT ...

5Min Intraday System

What do you think? — What do you think now after you see my significant levels (pink horizontal) and My Small intra-day trendline (blue line)? I do like to look at chart that are a bit zoomed out and not so zoomed in so that I can look at the ...

5Min Intraday System