Outcome of previous post — Thye outcome of my previous post on the ascending triangle with comments on the chart.

5Min Intraday System

Another example — Another example as it is developing right now. Lets see how it develops.

5Min Intraday System

Correct — Hi Sher Yes, correct. The pattern is correctly drawn. I was also watching it but why didn't you take it? Remember to have a story (reasons why you don't take it). My reasons were: 1. Slow day before Christmas 2. Tails going through ...

5Min Intraday System

My assistance — Hi blue Angel See my comments in your message as underlined: I hope it helps you.

5Min Intraday System

Great piece of advice — Hi Wil Great piece of advice - I haven't thought of putting additional zeros (imaginary) to the numbers in mini account. I will certainly do that in future. All the best wishes for you.

5Min Intraday System

Money management and risk management — Very interesting statistics - I opened my current mini live account in January 2007 and I've used it to practice and experiment with systems. I've just counted my number of trades which is about 225 ...

5Min Intraday System

Broker question and advice — I receive a PM regarding brokers - and I just want to share some of the advice I've given the member: At this stage I do have a mini account of about $400 and I just trade micro lots (0.02 lots) to get the ...

5Min Intraday System

No major changes - just follow 4h price rules for direction — Hi Bs Always just a pleasure to share my experience with you all. No, nothing has change over the past three months - still using the My Rules as posted on page 156. The only ...

5Min Intraday System

Great one — Hi Sher Yes, great example. Like Phillip told me - if I just trade the price patterns, I'll do well. Chirsti on Skype mentioned the nice moves of the yen but I was on the road for 7 hours and didn't follow the markets yesterday.

5Min Intraday System

Cable trade as discussed on Skype — My Cable trade as discussed on Skype. I just opened my platform and was about to explain this system to my brother in law when I saw the setup: 1. First I was worried about the M2 line which was tested 3 ...

5Min Intraday System

A practice method to recognize price patterns — What I've done and what I would recommend you to do is the following: 1. Open a five-minute chart with all the necessary indicators for the five-minute system. 2. If you are using a MT4 platform, ...

5Min Intraday System

Ascending triangle — Just another example of a price pattern - the ascending triangle: 1. Once you see higher lows being formed on the candles - be on the lookout for the ascending triangle 2. Once you see the higher lows on the candles - look ...

5Min Intraday System

Reverse church formation — The opposite of the church to right formation is what I called the Reversed church formation (only to be found downward movements): 1. The very same principles apply to this formation - the belltower is now pointing ...

5Min Intraday System

Church to right formation — I see people are struggling with the price formations - so once again an example of Church to right formation (which will only be found on an upward movement): 1. Once you do see that a spike/high on the chart - be ...

5Min Intraday System

Study and understand the system — Just some general information: In order to be successful in the system/or for that matter any trading system - one needs to: 1. Understand the fundamentals/principles on which the system is based. 2. Study the ...

5Min Intraday System

Cable as discussed on Skype — Sorry but I couldn't participate on the Skype chat today - had to keep the wife happy. This what I saw on Cable - also discussed with Abraham very briefly. The trade was on where my arrows and price tags are and ...

5Min Intraday System

Yes — Hi Sher Yes, on cable you do have a chance for 10pips on a setup like that (will also work on the EY - definitly not on the EUR). The resistance on the 10MA is the key. But just look what afterwards (in the ellipse) - the result of the ...

5Min Intraday System

My personal opinion — Hi M4x My pesonal opinion: I don't think an EA would work on this system because you should not take every setup/pullback. Each setup must be evaluated individually to determine the risk (only high probability trades ...

5Min Intraday System

Thanks but I don't mind at this stage — Hi J Tx. But luckily I don't mind wasting a few pips at this stage. Just trying to get the feel for this system and try to match it with my 5min (Phillip), 15min (Dollie) and 4h (Phillip) systems. ...

Dollie's Safe Pips Indicator

My first try — My first try with Jakes' scalping system. I did enter too late (first price tag) and I should have entered 10pips earlier when Isma entered the safe zone. The price move down 14 pips (10pips nett)(second price tag). At that ...

Dollie's Safe Pips Indicator