4x4u Posted January 19, 2012 Report Share Posted January 19, 2012 PLease tell me which is the best M5 timeframe scalping system.. Thanks. alansim 1 Quote Link to comment Share on other sites More sharing options...
ForexMike Posted January 19, 2012 Report Share Posted January 19, 2012 Put (Req) in title showing you're making a request. As it stands, members think you want to share a system going by your title. alansim 1 Quote Link to comment Share on other sites More sharing options...
Dutchie Posted January 19, 2012 Report Share Posted January 19, 2012 50 Pips daily on Average Forex for Everyone by Jon Levine is great! Website: hxxp://strategictradingsystems.c0m/ File(s): hxxp://[email protected]/?fybcvb2tbj5 Good Luck and Happy Trading Cheers, Peter a.k.a. Dutchie Jay007, ForexMike, kin89 and 21 others 24 Quote Link to comment Share on other sites More sharing options...
newbie111 Posted January 20, 2012 Report Share Posted January 20, 2012 Thanks for the share Dutchie. Hey, I really like this guys style from what I read on his sales page. After I read the system, I just might join his trading. If I do I'll keep everyone informed on how it goes there. ForexMike 1 Quote Link to comment Share on other sites More sharing options...
dannydon786 Posted January 20, 2012 Report Share Posted January 20, 2012 It is very very hard to make money trading 5 minutes timeframe??? Quote Link to comment Share on other sites More sharing options...
⭐ cowboy Posted January 20, 2012 Report Share Posted January 20, 2012 If you use M1 and M5 same time you can make money. It's very fast move but 5 pips each trading you can make money. London and US opening time is good to trade. Ranging markets are good also. alansim 1 Quote Link to comment Share on other sites More sharing options...
meek13 Posted January 20, 2012 Report Share Posted January 20, 2012 If you use M1 and M5 same time you can make money. It's very fast move but 5 pips each trading you can make money. London and US opening time is good to trade. Ranging markets are good also. Cowboy, care to elaborate on what you mean by using M1 and M5 at the same time please? You need to have a damn good broker with narrow spreads to scalp for so little pips, it is possible in the futures markets. You can use these lower time frames to manage your trade, but I guess it comes down to what suits your personality at the end of the day. :) Quote Link to comment Share on other sites More sharing options...
alansim Posted January 20, 2012 Report Share Posted January 20, 2012 It is very very hard to make money trading 5 minutes timeframe??? Forex is NOT easy. Regardless what time frame you are in. newbie111 1 Quote Link to comment Share on other sites More sharing options...
Dutchie Posted January 20, 2012 Report Share Posted January 20, 2012 (edited) It is very very hard to make money trading 5 minutes timeframe??? Not really! The biggest advantage is you can trade anytime (as soon as you have a few minutes too spare). I use the 15M tf for the main trend, the 5M for finding setups and the 1M for the actual trades.... Averaging 50 pips daily. Take Care and Happy Trading ;-) I added an image: hxxp://[email protected]/users/Dutchie/folders/Default/media/9271c293-8d32-410e-be9a-826e327ca5e9 Here at this 5M chart you can see 3 potentially great setups. I took #2 and #3 (only because I slept in late, gheghe...) I normally take trades ONLY when price is above/below all 3 MA's (on pull backs) but since the 75 SMA is closing in on the 200 SMA PLUS there's a DOUBLE divergence meaning at both indicators, this could have been a nice one! The coloured squares are the London and NY market hours with the overlap in a different colour.... As mentioned before, the 1M timeframe is for my (sharper) entries and exits. Just to show you even at a normally very dull Friday, there's a few pips to be harvested. Have a nice weekend and Happy Harvesting. Cheers, Dutchie Edited September 20, 2012 by Dutchie Add image newbie111, ikke, alansim and 3 others 6 Quote Link to comment Share on other sites More sharing options...
⭐ cowboy Posted January 21, 2012 Report Share Posted January 21, 2012 Cowboy, care to elaborate on what you mean by using M1 and M5 at the same time please? You need to have a damn good broker with narrow spreads to scalp for so little pips, it is possible in the futures markets. You can use these lower time frames to manage your trade, but I guess it comes down to what suits your personality at the end of the day. :) It's matter with spread but not really matter with spread. If you open both TM M1 & M5 with London & US time You can make damn profit over and over. Open your chart and look over it how many pips are moving. Everybody in here knows that you need to open different TF and trade. You don't trade with just one TF chart to use. I think everybody need to figure out own personality with TF. Quote Link to comment Share on other sites More sharing options...
⭐ idlebloke Posted March 15, 2013 Report Share Posted March 15, 2013 Anyone able to re share what Dutchie posted above? Links now dead. Many thanks Quote Link to comment Share on other sites More sharing options...
tryitagainmf Posted March 15, 2013 Report Share Posted March 15, 2013 Anyone able to re share what Dutchie posted above? Links now dead. Many thanks Mate, that link is alive and well...just remember to substitute @=a and you will be fine! Cheers! Mick ⭐ idlebloke 1 Quote Link to comment Share on other sites More sharing options...
iqofgenius Posted March 15, 2013 Report Share Posted March 15, 2013 Try looking at the charts he posts in his book and you will see he passes up a lot of "double tops" and bottoms and cherry picks those AFTER he has seen which way the market has moved . Cover the right side of the chart and start across one candle at a time and see if you would have found the trades he brags about or if you might have done something different and lost a wee bit of capital. It is always easy to look back when you have a completed chart in front of you. Quote Link to comment Share on other sites More sharing options...
⭐ idlebloke Posted March 15, 2013 Report Share Posted March 15, 2013 Thanks Mick. I obviously overlooked that 'a', when doing the substitutes earlier!! Thanks also iqofgenius. I agree with your comments. I'd be the most successful trader in the world (as we all would of course) if I were to be able to apply and use the action retrospectively! Quote Link to comment Share on other sites More sharing options...
indo37 Posted March 16, 2013 Report Share Posted March 16, 2013 (edited) The best lower TF (M! up to M15) systems I`ve come about are free from FF: Symphony http://www.forexfactory.com/showthread.php?t=315572 Genesis http://www.forexfactory.com/showthread.php?t=373796 THV http://www.forexfactory.com/showthread.php?t=127271 All three systems are provenly profitable, widely covered, links on the first page, and many tools available. I personally prefer Profitunity (or AIMS), but this system needs "sticking to the rules" . But don`t forget: The real money is made on the HIGH TFs (H1-D1)!!!!!!! Regards Edited March 16, 2013 by indo37 Quote Link to comment Share on other sites More sharing options...
iqofgenius Posted March 16, 2013 Report Share Posted March 16, 2013 The best lower TF (M! up to M15) systems I`ve come about are free from FF: Symphony http://www.forexfactory.com/showthread.php?t=315572 Genesis http://www.forexfactory.com/showthread.php?t=373796 THV http://www.forexfactory.com/showthread.php?t=127271 All three systems are provenly profitable, widely covered, links on the first page, and many tools available. I personally prefer Profitunity (or AIMS), but this system needs "sticking to the rules" . But don`t forget: The real money is made on the HIGH TFs (H1-D1)!!!!!!! Regards Regarding your statement on real money timeframes, it is all dependent on how many lots you are trading. If I am trading 5 lots at $50 a pip and take 10 pips a trade that is $500. If you are trading one lot on a one hour chart and get $500 it took you 50 pips to get there plus a lot of apprehension. Quote Link to comment Share on other sites More sharing options...
indo37 Posted March 17, 2013 Report Share Posted March 17, 2013 It was only my advice, free advice - which nobody will follow. You would be right, if we were trading futures - even currency futures; but with forex its too much noise. The noise is extremely high on those low TFs. Quote Link to comment Share on other sites More sharing options...
Freddie Posted March 17, 2013 Report Share Posted March 17, 2013 It was only my advice, free advice .... Would you tell us a bit more about 'Profitunity' please. Quote Link to comment Share on other sites More sharing options...
juicyt Posted March 17, 2013 Report Share Posted March 17, 2013 Without getting into too much of a debate, I have more success on scalp and lower time frames than I do higher time frames. It's a shame too, I would like to trade higher time frames with so much success that I don't look at lower time frames, but it hasn't happened yet. And to say it's too much noise, I gotta dissagree to a degree. Look at these two charts and you tell me they are completely different. Higher Highs and Lower Lows then take your trade. You'll see what I mean, you'll see the trade I took too. http://i47.tinypic.com/jb23wl.gif http://i50.tinypic.com/2coq8wo.gif see what I mean, at the end of it all, they are basically the same thing. It all comes down to timing and trading the right pair when the time is right. Quote Link to comment Share on other sites More sharing options...
juicyt Posted March 17, 2013 Report Share Posted March 17, 2013 Look at this same chart and tell me this wasn't a good setup you could have traded had you been looking. It would be equally as good on any time frame to bwe honest. This is simply confluence with price action and fibs and maybe 1 indicator if you like. 1 min trading made easy I think. http://i48.tinypic.com/lkzy9.gif Quote Link to comment Share on other sites More sharing options...
juicyt Posted March 17, 2013 Report Share Posted March 17, 2013 deleted, it cut my picure off but I needed it to be full size Quote Link to comment Share on other sites More sharing options...
Freddie Posted March 17, 2013 Report Share Posted March 17, 2013 deleted, it cut my picure off but I needed it to be full size It doesn't matter what you see on the post. If anyone wants to see the chart, just hit the 'copy image' paste it into 'paint' and it goes to full size. Please repost the the picture Jt Quote Link to comment Share on other sites More sharing options...
juicyt Posted March 17, 2013 Report Share Posted March 17, 2013 It was just a closer view of the last pic so people could see it better to the pip. Here it is again. http://i50.tinypic.com/1z37as0.jpg This could be ANY time frame chart from 1minute all the way to weekly. Quote Link to comment Share on other sites More sharing options...
Freddie Posted March 17, 2013 Report Share Posted March 17, 2013 (edited) It was just a closer view of the last pic so people could see it better to the pip. Here it is again. This could be ANY time frame chart from 1minute all the way to weekly. Thanks Jt I will see if I can upload the important bit to a better size Sorry about this, photobucket is not taking my uploads and I don't know why. So, now I don't know how to post charts. Edited March 17, 2013 by Freddie Quote Link to comment Share on other sites More sharing options...
juicyt Posted March 17, 2013 Report Share Posted March 17, 2013 I use tinypics, it's easy and fast. http://tinypic.com/?t=postupload (Use the 2nd link for forums) jt Quote Link to comment Share on other sites More sharing options...
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