This method works with all pairs except the below (ones with poor pip value): Avoid them (especially gold) Metals and Oil USDZAR USDTRY USDRUB USDSGD USDMXN USDSEX USDDKK USDPLN

Magic 5 - five pips only

MT 4 TEMPLATE is attached. Only, add pivot points yourself. change RSI to 8 Take 4 trades a day x 5 net pips = 20 net pips. 0.3-0.5 lots each.

Magic 5 - five pips only

to support JS's post I hereby show what 2nd candle (many confuse it) and some other points. image

Magic 5 - five pips only

the ones marked X are pullbacks...no need to enter them. to be safer you shouldn't trade against trend. (unless you are really pro) regarding the actual trade that was entered..he could keep it although one bullish candle came and he closed in ...

Magic 5 - five pips only

I uploaded this small chart from a trade (wrongly entered) by a buddy to show entry and non-entry points..& reasons. this picture says all I assume. image

Magic 5 - five pips only

btw..henry's this trade is very good example. he did things correctly even profitwise.

Magic 5 - five pips only

been busy these days. meanwhile you can check this post here.,to have an idea. url

Magic 5 - five pips only

Guys..today i have limtied access therefore briefly some points. stop loss - this I control manually since m15 is tighter timeframe and maybe volatile. to be on safer side just place Sl little below the last candle of opposite color. (if long, below ...

Magic 5 - five pips only

For specific questions, concerns and advise please PM me. dont litter this thread.

Magic 5 - five pips only

Mindset is "I rather wait wait and spot a set-up earn 5 pips within an hour than make 30 pips then lose 50 pips later..." Some examples from old thread: url

Magic 5 - five pips only

Thread relocated/reopened to here: url

5 PIPS - Only Five

So a simple and powerful way doing it turned out to be: +5 EMA (2 shift/offset) and 5 NET PIPS...and 30K-50K lot and 1:500 leverage. +RSI 8 +and of course non-news quiet times. --- Use only ECN account --- if you dont have much money use 1:500 ...

Magic 5 - five pips only

you forgot about this mate..she is too weak to break that resistance now image

EURUSD

great...all traders pass through this stage in the beggining. its like a short pullback on a trend

Rich Kids of Forex Factory

dude are you PICASSO??))))))) what are u drawing on charts man.))) chart gone mad at u )))

EURUSD

lemme guys inspire you 1 complete day in 15 minutes. Open 100K (1 lot) position take 11 pips - 100 net USD..close PC and come back tomorrow. = 2000 net USD/month (if your not brave to make 4 trades, of course) OR DIE TRYING!

5 PIPS - Only Five

it alerts you about significant change in market sentiment. if it doesnt return back it will be start of new trend. sometimes after breaking 200 price is licking it for some time then moves on...just monitor.

5 PIPS - Only Five

Some market sentiments/signals as of 25 November NY session. GBPUSD - for the first time it has crossed over ema200 on H1: may lift to 1.60. AUDUSD - has reached and dropped little below November bottom. EURUSD - Also licking breaking ema 200 at the ...

5 PIPS - Only Five