Great setup — My choice

5Min Intraday System

2nd small intra-day trendline drawn — Let us say it was not the NFP day - would you have entered the setup under the second small intra-day trendline?

5Min Intraday System

Cable today — I was following Cable today because of some of its typical patterns (false breakout). I did not trade the setups as those appeared too close to the NFP news release. Just to show you how I analyse the markets looking at price ...

5Min Intraday System

Pleasure — Only a pleasure I am just sharing my experience with forex trading and escpesially my experiences with Phillip's 5min system. Also (once again as I said it before) - I am just tired of all the b...s... stories about how good a ...

5Min Intraday System

Follow up on yesterday — The follow-up of yesterday chart on the EURO. Later the day and in the NY session the EURO showed some rhythm. It is important to identify sideway movements and trends very early in the move. It is not so easy but I do ...

5Min Intraday System

10pips on Vantage's system — And yes, I did make 10pips (missed out on another 10pips because of a late entry and I did not like the setup). Once again - the beauty of having two systems for almost diferent market conditions.

5Min Intraday System

15min — Even the 15min chart is telling me - no Phillip system today on the EURO. I might be wrong later in the day. Luckily I did not get involve in any of the setups today.

5Min Intraday System

Signs of choppyness — What I saw earlier today on EURO and how I made my decision not to consider Phillip's system in the earlier session.

5Min Intraday System

No rhythm — An example of a chart without no rhythm. I look at the EURO today for opportunites but once I saw this whipsaw, I decide that the EURO is not tradeable using Phillip's 5min system today. Untill at least we do get direction. What ...

5Min Intraday System

Yes — Hi M Yes, just above the second sister's (pinbar) high. That is where I didn't expect the price to go giving me an acceptable risk reward (R:R) ratio.

5Min Intraday System

Pinbar — I saw the pinbar (also negative close, lower high at the daily extemely, move was already 120pips (120% of Ave daily range)) on the 15min and I entered below the low of that pinbar. The pinbar also formed the right shoulder of a Head ...

Higher low, lower high system

15min chart — Even the 15min chart is telling you no more long trades. Not a Phillip 5min trade but the 3rd sister on the 5min chart was there for the taking (short trade)(previous post).

5Min Intraday System

Using the two systems — Great example of a three little sisters formation. An example how I used Vantage system for my trade (short) for 30pips profit and not consider Phillip's system for long during/after the 2nd sister was formed. Then one ...

5Min Intraday System

The three little sisters and three big brothers which appear in the direction of the longer time frame. The triangle and pennant which indicates a period of consolidation before continuing in the original direction. Just remember - nothing is for ...

5Min Intraday System

It will depend on your style of trading - my style: 1: How many losses do you afford a day? Depend on your risk ratio 2: Do you have a maxium number of trades per day? No 3: Which % you aim every day traded? I mentioned it earlier in this thread - I ...

5Min Intraday System

Yes — Hi O Yes, definitely with those tails in the war zone. And the strong uptrend (see my previous post). In an uptrend like this, look for long opportunities of significant levels (bounces off those levels).

5Min Intraday System

Strong trend — Very risky to take short trades during a strong upward move like the past two weeks. If you do go short - 10pips should be the aim. In trending market conditions like this, the price tends to break the 50MA, gives one pullback, ...

5Min Intraday System

Great example of Bearish 3 pattern — Yes, great example of bearish 3 candle formation. See my comments - by the way, nothing wrong with your TP. Well done.

5Min Intraday System

Not easy — An example of fast market speed - price did not retrace back into the war zone but bounce off the 10MA (yellow lines) and the price is nowhere near my small intraday trendline (pink line). Difficult to trade (well done). Also no ...

5Min Intraday System

Yes — Just where I would have entered - the double top just before the entry would have been a cause of concern.

5Min Intraday System