Almost the same trade — Almost the same trade on EURO

5Min Intraday System

2 methods of entry — 2 methods of entry and my favourite signal.

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Definition — Defnition: The first candle enters the war zone as a pullback and tested the war zone and/or the 21MA. The second candle bounces off the war zone and/or the 21MA and start leaving the war zone as a continuation of the original ...

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Here is my chart with some comments - not just for you but for other readers as well. Once again - remember the principles of this system: A. Phillip's opinion (and mine as well) is to try and catch the middle part of the intra-day down trend for a ...

5Min Intraday System

Classic example of 2-candle entry but with signs of resistance — See info on the chart

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Just another example comparing 2-candle vs TC entries — I hope it make sense. If you like a tight SL, then the 2-candle entry is for you. As you can see, if you wait or the TC, you'll lose out on a few pips. I am working on another entry ...

5Min Intraday System

Hope it makes sense — Note the "close to war zone". It is not always possible to enter in the war zone. See explanation on the chart you've mentioned in your post. Just remember the principles behind the system - it is not about the indicators ...

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Still the same — Still the price patterns keep repeating themselves. Here is a Church to right formation for 10pips profit: Sharp move upwards and then a pullback towards the 10MA and war zone = Church/bell tower Then there is a area of ...

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Welcome back — Hi Pete Welcome back and I am still here using the principles of the system to good effect. I also made a few turns, here on FF and somewhere else, luckily it worked out for me. I reviewed my strategy and now I am satisfied with ...

5Min Intraday System

Answer your question — I hope my post above answered your question. However I don't use the system as a stand-alone system anymore. I do have a combined trading strategy now - the reason why don't you post here so often (and it is very time ...

5Min Intraday System

A trade — A trade of mine on Cable and some comments on the chart. The system is still working for me. One just needs to be patient and only take high probability setups (not every setup, in fact there are too many to take).

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Agree with Raymond — Hi Pete I do agree with you (re: Phillip) and with Raymond (setting SL) I started with the recommended 10pips SL but then I saw the SL was triggered so often, just to see the price continue afterwards in your direction. So ...

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Sorry — Hi Y Sorry but the links to all the necessary documents/posts are posted on the first page of this thread. I don't think I can make it more clearer. If still not clear, somebody else must please help. There are just many aspects to ...

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Nice smooth — Yes, a nice smooth rounding with a TC. And it was a fast moving market, great trade off the 10MA. Very nice one!

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3 big brothers trade — Yes, and a nice 3 big brothers' setup trade. Nice trade.

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Number of pips needed to changed colour — Yes, it was discussed somewhere in this thread. It is number of pips needed to change the colour of the current bar being formed on the MACD from red to green and visa versa. On Hammerhead's chart is ...

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My way — Hi H My way of looking at the charts. Numbered accoring to an order I'll look at my charts. Only at the 5th step did I look at my indicators. Nowadays I do find the previous support and resistance levels more significant than the ...

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Still here — Hi H I did receive your pm but I am still here to answer questions: At this stage I am just using the 21 on the SMAangle to look for the start of a small trend. That is, when the 21 is in the non-trade zone, I'll be very careful. ...

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Pleasure — Hi M Only a pleasure and I did enjoy the interactions. But I don't have the time to try and keep this thread going again. So I am now seriously concentrating on my trading using Phillip's principles and this system. Enjoy the ...

5Min Intraday System

A few setups — Also a few nice setups on your chart.

5Min Intraday System