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Golfer replied Jul 10, 2008looking great — Looking much better - just that first chart/trade. Still too many activities on the wrong side of the 21 - warning signal for me.
5Min Intraday System
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Golfer replied Jul 10, 2008The old-fashioned way — Hi Th I am still doing it the old-fashioned way - as intended by Phillip - a 10pip system. 10pips profit on EUR, 12pips for Cable and 15pips for EY. But then sometimes I do close my trades manually according to the ...
5Min Intraday System
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Golfer replied Jul 10, 2008Great trade — Break Hi EYE Great trade - all according to the rules for a high probability trade. And yes, that pivot line was in the way. Also, once you see the price bouncing off the above pivot line (like the one on your chart), try and get ...
5Min Intraday System
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Golfer replied Jul 10, 2008Can be done — Hi Walter Yes, it can be done, but under certain circumstances. Especially when the price is moving fast and far away from the war zone and no pullback is possible what so ever. Also during major news release times. I know some ...
5Min Intraday System
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Golfer replied Jul 10, 2008Depend on your style — Hi Po It will all depend on the style of your trading and where you put your stoploss. I am trying to exit once I do have negative signals as close to breaking even as possible. But more often Sl gets it - that is one ...
5Min Intraday System
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Golfer replied Jul 10, 2008A, now it makes sense — A, much better. Now I can see how did you enter using Phillip's 5min system. Also for the newbies. No problem if a chart doesn't fit - people tend not to go back the original charts on their trading platform. They like ...
5Min Intraday System
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Golfer replied Jul 10, 2008Doesn't make sense to me — Hi Q I cannot comment on your chart because that trade just doesn't make sense to me using Phillip's 5min system principles. Sorry. Maybe your 5min chart looks different. Could you please post the 5min chart so that ...
5Min Intraday System
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Golfer replied Jul 10, 2008Same setup — It is only now that I saw that we've entered on the same setup. Great use of support and resistance lines by you. This is just to show people how important the timing of your entry is. Also how personal styles can differ and lead ...
5Min Intraday System
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Golfer replied Jul 9, 2008Great setup — My trade for 4pips - could have been 10pips if my entry was correct and not late. Just another piece of evidence that one should not try and jump in "late". This was a beautiful Church to rigth formation - church building ...
5Min Intraday System
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Golfer replied Jul 9, 2008Activities on wrong side on 21 — Well done - just be careful for activities on the wrong side of the 21. A sign that 21 is not acting as resistance on your chart.
5Min Intraday System
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Golfer replied Jul 9, 2008Agree with Island — I do agree with Island - looks interesting. Maybe you should explain your indicator, then I'll understand your explanation. At this stage it doesn't make any sense to me. Like the 21MA on SMAngle indicator - if the 21 in in ...
5Min Intraday System
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Golfer replied Jul 8, 2008Faulty — Hi Spot Sorry, sometimes I do load the EUR template on the EY chart and then I do have a 0.1 and -0.1 line on my SMAangle. It should be the -0.15 and 0.15 for my favourite pair. No, I don't mind, please go ahead. As long it is based ...
5Min Intraday System
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Golfer replied Jul 8, 2008Nothing wrong — Just one aspect I like to look at and that is the MACD pattern. I don't like trading when the MACD looks like yours. Too risky for me. Market doesn't know where it wants to go.
5Min Intraday System
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Golfer replied Jul 8, 20083rd trade — My 3rd trade for the day - mentioned in my previous post. Too early entry and looks like strong resistance found - reason for early exit. But my favourite pair didn't disappoint me - 10pips was on the table but she almost trigger ...
5Min Intraday System
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Golfer replied Jul 8, 2008Not the holy grail — Just to show you that this system is not perfect. Luckily I didn't take that next setup - which was perfect. If I was live, I would have taken it.
5Min Intraday System
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Golfer replied Jul 8, 2008Two trades today — Two trades today on big candles - see the difference. That is what I do expect from EY - to give you the 10pips on offer before turning around. Because of her volatility. Just be careful with your entry - look at my next ...
5Min Intraday System