Signals — And here are the signals - two small triangles (1st triangle = black lines and 2nd triangle = pink lines) formed with breakouts (orange circles). Then both breakouts had pullbacks (green circles) to previous resistance levels which ...

5Min Intraday System

For the newbies — For the newbies - what we mean by market rhythm seen today on Swissy: SIDMOV - lateral movements between a support and resistance level indicated by A. Very risky to use Phillip's system in such market conditions, not ...

5Min Intraday System

Correct — Yes, you are correct. It cannot be used/tested with the strategy tester. Yes, you would be able to manage (put in SL, TP, use trailing SL, close some portion of the trade at a certain level) your trade automatically with the EA. That ...

5Min Intraday System

Took the same setup for 10pips — I took the same setup for 10pips. I saw the lower highs in the last few candles (near the end of the triangle) and decided to enter on the breakout. It was not a strong move - just below the 50MA and not that ...

5Min Intraday System

Not an EA to enter trade — The Swiss army EA doesn't open trades - it is used to manage trades after you've opened the trades manually. That is why your result is zero. Like I said before, I don't think this system can be traded with an EA. ...

5Min Intraday System

Mistakes I made!!! — Hi Keus I made the mistake when I started with this system and Phillip's 4h MACD system by trading the indicators and not the actual price movements. I got very confused and upset especially if a trade didn't work out but ...

5Min Intraday System

Answered already — Hi D I already gave you an answer on possibly using the daily chart - please go back to the 4h MACD thread, it was a few page ago. Enjoy the trading

Phillip's late night dinner table

Determine TP after triangle breakout — Just to show how one can determine how far a breakout can move/go - read it during my study of price patterns: 1. You look for the start of the triangle - in this case the difference between point A and ...

5Min Intraday System

Nice trading within the channel - well done!!!!

5Min Intraday System

Outcome of scalping trade above — Info

5Min Intraday System

Friday night scalping — Using the 4th sister to scalp the EUR on a Friday night. This is not really how to trade this system because one needs to have a nice down move with a pullback. This trade is scalping 10pips because the signals were ...

5Min Intraday System

Re-entered and the signals I am looking for — Info

5Min Intraday System

3 little sisters — My trade on the EY using the 3 little sisters formation. Comments on the charts Exit for 5pips profit after the doji on the support level.

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Yes — Hi Jin Yes, your are correct. Original Phillip developed it as a 10pip system. Some people do use other exit strategies with success. It will depend on your style of trading. This is a short term system and I like to take my 10pips when ...

5Min Intraday System

The summary is My Rules — Hi Pip-Stud Sorry that you don't seem to get a grip with this system. I had the same problem - that is why I developed My Rules and the appendices to make live easy for myself. Those documents are my summaries of this ...

5Min Intraday System

Daily — Hi Draven I remember I had several discussions with Phillip regarding using this system on a daily chart (about 1 year or so ago). The very same rules and rhythm apply. He told it he was very successful using it on the daily chart. The ...

4 Hour Strategy (MACD)

Great breakout — Great breakout trade. It is a bit risky to enter on the breakout because it could be a false breakout. But sometimes the breakout doesn't give a pullback - then you need to take the odds on. Nice triangle.

5Min Intraday System

Pennant- waiting for breakout — Setup (pennant - price is taking a break/rest) being formed - wating for breakout, hopefully to the downside (red arrow) for a few pips. Serious break would be the big number break (1.3300)

5Min Intraday System

Thanks to Phillip — Just a last thanks to Phillip for giving us this system and sharing all his his expertise with us. I presume we won't hear from him again on this thread. I personally learned more from him than all the books and courses I ...

5Min Intraday System

Bearish 3 and reistance lines — Great and don't forget about the Bearish 3 pattern and resistance lines.

5Min Intraday System