Part 2 of my analysis — See my comments on the chart. I cannot really comment on your entries but I am sure you do have a reason for the specific entries.

5Min Intraday System

Part 1 of my analysis — See my comments on your chart regarding the first setup.

5Min Intraday System

Summarised bullets from article I read — Some very interesting and true information I came aross an article I received. I've been there and that is why I can relate to the following few bullets: 1. Find a trading strategy or trading setup ...

5Min Intraday System

Great planning — Now this is how you plan your trade by anticipating price actions! Great job. Once you start planning like this, identify your SL, possible support and resistance towards your TP as well. Well done.

5Min Intraday System

Perfect with lines — Perfect trade if I include my small intraday trendline as well as my significant level (horizontal line). I think I can also see a 3 consec lower highs just before your entry (if I am not mistaken). Setups like these are ...

5Min Intraday System

A practical example of entry, SL and TP = management of a trade — Here are two practical examples of possible trades (I didn't take it as I was too busy with my day time job). Both were beauties right on my significant levels (yellow lines) ...

5Min Intraday System

My style — Well, you know my style of trading. I do put my SL where I don't expect the price to go. Usually below (long trades) or above (short trades) the previous swing Low (long trade) or swing High (short trade). Or above or below my ...

5Min Intraday System

Great — Great use of longer time frames as well as support and resistance levels. My kind of trading.

5Min Intraday System

All the best trying to trade the Asian market with this system. I got burned too many times trying to trade the Asian markets with this system, I decided to ignore the Asian markets. Just not enough volume. Hopefully it will work out for you.

5Min Intraday System

More comments — More comments on your chart - need to worry about the 2pip trade, it was well managed.

5Min Intraday System

My significant levels — Just an example of my significant levels - look for confluence of signals (getting a few signals around a certain point/level). I still like to see something happening near previous support and resistance. Just make ...

5Min Intraday System

Not how to do it — Hi K You've just confirmed my worse nightmare - I've done it some many times in the past and got burned almost everytime. VERY IMPORTANT: Trade with your eyes and not with your heart! In other words: Trade what you see on ...

5Min Intraday System

Like I said — Like I said before - this is a great system to trade in trending market conditions like this. Not so easy to trade this system in more range bound and choppy market condition - SL is triggered very easily. That is why people do ...

5Min Intraday System

Welcome back — Hi M Welcome back and I see you are also very quiet on Phillip's 4h MACD thread as well. Enjoy the trading

5Min Intraday System

Followed the same setup — I followed the same setup and I considered a short trade where I indicated the entry on your chart. However, the market moved downwards from very early - started in the Asian session if I am not mistaken and it was ...

5Min Intraday System

Great trades — Great trades - see my comment on your chart on your loser

5Min Intraday System

Hi K Only a pleasure - I am just sharing my experiences with the readers of this thread. Enjoy the trading

5Min Intraday System

Speed and candle size — Hi MJ Yes, it was because of the speed of the market and the size of the candles. I remembered the words of Phillip, and he was always looking for smallish candles in a move. I think it is a subjective matter.

5Min Intraday System

Still need to study the entire thread — Hi A I did post a few posts over at Vantage's thread but I still need to study Vantage's thread in detail. I studied the thread from page 169 but I need to work through all the page to get a grasp on the ...

5Min Intraday System

Each separate setup — Hi MJ I do evaluate each setup to determine by SL and TP (previous swing high or lows or significant level) before I decide to enter a trade. If the R:R is not favourable or the SL is more than 20 or 30 pips, I would ...

5Min Intraday System