Yes — Yes, but then be very careful for the R:R ratio. A few good trades and profits can be easily eaten up by one bad trade. Look at the previous page (or two pages ago) for my expalanation using Yannis's EA. That is where I usually set my SL.

5Min Intraday System

My SL also got hit — Hi Bobo No need to worry - my SL of 15pips also got hit. I entered setup #3. It is just one of those days. A warning sign is the speed of the market - I also missed it. Look at the previous setups and you'll see several ...

5Min Intraday System

Yannis' EA to manage your trade after a manual entry — An EA that manage your trade after you've entered it. It places your SL and TP in a manner that the broker cannot see it. However you need to enter manually. Information was posted a few ...

5Min Intraday System

Using Yannis' EA — Hi Tony Thanks for the observation. I saw the same and in the begining I wasn't using a SL - only a mental SL. I wanted to see what is going to happen if you don't exit the trade. Many of the moves turned around and came ...

5Min Intraday System

How about a negative trade — I came across this picture of a trade of mine - I don't think I've posted it (if I did, forgive me). Just to show you people what a negative trade (-18pips)looks like. Nothing really wrong with the trade - only the ...

5Min Intraday System

Hopefully last example — Just another example of picture just after my entry - hope you get a feel for it. It is not that easy to decide which pullback to take if you don't have specific signals.

5Min Intraday System

Another example of a 3 little sisters trade — Snap shot just after my entry on EY a few days ago - to show people what I saw when I entered (signals I am looking for). I do save these pictures for myself - I do study them over and over again. ...

5Min Intraday System

Trying to save picture just after my entry — Yesterday's trade - I am trying to save a picture of my trade just after my entry so that people can see what I saw when I decide to enter. Remember, the small purple box on the chart with the ...

5Min Intraday System

Especially cable on that power candle — Hi Em Sorry but I am going to give the readers my views of the Cable chart - just to show them the signals I am looking for. Following Tony's example and explaining what pulled me to the chart/setups. It ...

5Min Intraday System

1min trade on NFP — My 1min trade after NFP release. Entered too early and then I couldn't follow my trade live. After my entry there were much nicer setups on the 1min chart but like I said - I am not comfortable with the 1min chart. Glad to ...

5Min Intraday System

Not my setup with pivot line so close — Yes, with pivot line so close, I would have given that setup a pass. That 1st pullback should have been to the pivot and bounce off it - ideally.

5Min Intraday System

Only on SMall resistance lines — The drawing of my small resistance lines and where they are broken - then I'll stay out of the trade. I saw my MACD was also getting flat near the zero line - another signal for me to stay out. Then I cannot ...

5Min Intraday System

Principle is correct — Hi Pop Yes, you entry looks correct. That was a beautiful power candle coming down from the 21. There is only one signal I look at and that I can give comments on. This signal/principal is correctly used. In order to ...

5Min Intraday System

Well spotted — Higher low - well spotted. That is when I started looking for a triangle being formed and wait for a breakout or a specific pattern to form. That is why I posted my chart - so that people can see what to look for and how NOT to ...

5Min Intraday System

Welcome back - missed you — Hi Nad Welcome back - I missed you. Hope you are doing well. Yes, EY is my favourite pair right now. Just because of the volatility. She'll give you many changes for easy 10pips and it is easier to get out BE or a ...

5Min Intraday System

Be careful — Hi Tony Just advice from my experience: Be careful if the charts/markets look like it looks today. I got burned several times in markets like this. It looks very inviting and easy to trade but believe me it is not. There is no ...

5Min Intraday System

3 little sisters — I've tried to enter on the 3rd sister - too early. The third sister formed later above the 50MA right on the resistance leg of my triangle.

5Min Intraday System

Keep it up — Hi Tony I follow the same chart after that massive move but THAT move was just too much for me. I decide to stay aside - I was too afraid for a market turn around after such a move. I'll wait for the next move. The EY was a better ...

5Min Intraday System

Quick TC - too quick for Skype chat — [4:22:41 PM] Willem Kruger says: Agree - struggle to read the markets now [5:13:36 PM] Willem Kruger says: Cable - looks like Mk is right. Getting out of non-trade zone [5:32:05 PM] Willem Kruger says: ...

5Min Intraday System

Also EUR trade - TC on bounce off the 8MA — I also tried my hand at the EUR with the TC formed. (Un)fortunately I got to my PC very late (after the tail had formed) and I decided to enter. Took 20pips profit with my first half and set my ...

4 Hour Strategy (MACD)