5 seconds l system

Download 5 Seconds L System

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Forex Factory (http://www.forexfactory.com/forum.php) - Trading Journals (http://www.forexfactory.com/forumdisplay.php?f=49) - - 5 Seconds " L " (http://www.forexfactory.com/showthread.php?t=164375 )

Tony1125 Seconds " L "1 Attachment(s)

Apr 20, 2009 4:43am

HI EVERYONE, I HAVE MOVED MY THREAD TO JOURNALS for 2 reasons. I do this to keep track of my trading and I don't permit indicators/EA to trade for me Still, Feel free to follow and commentThis is my new system. It requires patience and practice to recognize. Stop-Loss should be placed at "0" as soon as price falls a few pips to minimize or "eliminate" losses. I will update with every trade I take (win or lose). Let's make it. EUR/USD TRADED ONLY

Tony112Possible entry missed1 Attachment(s)

Apr 20, 2009 5:08am

Tony112

Apr 20, 2009 5:13am

One promise I have to make is that my SP will never exceed 5 pips for the rest of my trading days. Max TP may be changed.

Tony112Flat WMA = no trading = no volatility1 Attachment(s)

Apr 20, 2009 5:16am

Tony112THIS is more of a Centra-Banks&Big Players entry method... guaranteed NO LOSS is set here1 Attachment(s)

Apr 20, 2009 5:36am

cesare76fx

Apr 20, 2009 7:49am

Very interesting Tony, I use the same concept on the 5min chart, by entering the breakout afetr a pullback (the concept of The SystemII http://www.forexfactory.com/showthread.php?t=80290). Your L formation also reminds me of the flags formation a bit. It all makes sense, only prob is my 2pips spread on EU, but I will watch the 5sec and your thread closely.

ashur123

Apr 20, 2009 1:27pm

Interesting system tony, thanks for posting it up. Do you trade the open London session and NY session?

NerryEHi Tony, Is this possible on MT4? If yes, how? I love to see new things. Thanks. Nerry.

Apr 20, 2009 3:03pm

fxbrainhi tony, i use a similar system on the 30 seconds-chart. how big is your spread on EU?

Apr 20, 2009 4:41pm

Tony112Quote:

Apr 20, 2009 9:13pm

Originally Posted by ashur123 Interesting system tony, thanks for posting it up. Do you trade the open London session and NY session?

My pleasure... of course London and NY open makes things move... that's the only time I trade, with big volatility... WMA150 on a 5 sec chart confirms volatility when price diverges far away from it

Tony112Quote:

Apr 20, 2009 9:23pm

Originally Posted by NerryE Hi Tony, Is this possible on MT4? If yes, how? I love to see new things. Thanks. Nerry. Hi, I don't know I stare at the screen all night... I like to have my brain and hands on this...

Tony112Quote:

Apr 20, 2009 9:25pm

Originally Posted by fxbrain hi tony, i use a similar system on the 30 seconds-chart. how big is your spread on EU? My spread is 0.9.... 30 sec is good but I like to watch the price action power on the smallest time-frame to optimize entry and almost eliminate my losses...

Tony112no playing

Apr 20, 2009 11:20pm

currently, the WMA is hugging and tangling with the price. There's no trading to be done here...

Oksana17Quote:

Apr 21, 2009 12:06am

Originally Posted by Tony112 currently, the WMA is hugging and tangling with the price. There's no trading to be done here... Hey Tony. So you trade the 5-second chart yes? How bout' you don't cherry pick the trades and show us some losses. Dan.

Oksana17

Apr 21, 2009 12:07am

Tony, Also, like 80% of the people here have MetaTrader4, which don't allow 5-second charts. Could this work on other timeframes? Dan.

Oksana17Quote:

Apr 21, 2009 12:08am

Originally Posted by Tony112 Flat WMA = no trading = no volatility When exactly do you consider the market to have "no volatility"? I mean, when not looking at the chart in backtesting, but I mean in forward testing, if you know what I mean.

Benjie5 seconds charts and 0.9 pips spread ?? what broker is that ?

Apr 21, 2009 12:12am

jamesr24ninjatrader go to ninjatrader.com free charts all the way down to 1 sec.

Apr 21, 2009 12:12am

psymantisQuote:

Apr 21, 2009 12:16am

Originally Posted by Benjie 5 seconds charts and 0.9 pips spread ?? what broker is that ? He uses Oanda.

Oksana17Quote:

Apr 21, 2009 12:20am

Originally Posted by Benjie 5 seconds charts and 0.9 pips spread ?? what broker is that ? I have fxPRO, and it's very low spread!

Tony112Quote:

Apr 21, 2009 12:36am

Originally Posted by Oksana17 Hey Tony.

So you trade the 5-second chart yes? How bout' you don't cherry pick the trades and show us some losses. Dan. my first graphic on this thread starts with a loss notice the RED dot

Tony112

Apr 21, 2009 12:37am

I also said that I will post every trade I take. So if you don't see additional graphs.. I haven't traded, I'm patiently waiting for the good moment in time.

Tony112Quote:

Apr 21, 2009 12:40am

Originally Posted by Oksana17 When exactly do you consider the market to have "no volatility"? I mean, when not looking at the chart in backtesting, but I mean in forward testing, if you know what I mean. price has to go down like the rope broke on an elevator & for this, I prefer to be there personally

Tony1121 st trade: unsuccessful Total Loss: $0.001 Attachment(s)

Apr 21, 2009 2:12am

Tony112wait for the next one1 Attachment(s)

Apr 21, 2009 2:13am

tgiambarbereeBig T = Tony

Apr 21, 2009 10:10pm

thanks for includeing us on the wild ride . Im pretty much set up to whatch for the fireworks if I can stay awake . Im just getting oanda platform figured out . How are you getting the little triangle and the dot and how do they help in your trades or are they purely for educational purposes . Anyway , you are doing a great job . Take care ..............Tom

ttradrQuote:

Apr 21, 2009 10:34pm

Originally Posted by tgiambarberee thanks for includeing us on the wild ride . Im pretty much set up to whatch for the fireworks if I can stay awake . Im just getting oanda platform figured out . How are you getting the little triangle and the dot and how do they help in your trades or are they purely for educational purposes . Anyway , you are doing a great job . Take care ..............Tom On Oanda, when you right click on the chart, you can place a limit or market order- when the order is filled it automatically places the triangle (pink pointing down for sell / blue pointing up for buy) at price of activation of trade.

Tony112Quote:

Apr 21, 2009 10:41pm

Originally Posted by tgiambarberee thanks for includeing us on the wild ride . Im pretty much set up to whatch for the fireworks if I can stay awake . Im just getting oanda platform figured out . How are you getting the little triangle and the dot and how do they help in your trades or are they purely for educational purposes . Anyway , you are doing a great job . Take care ..............Tom Hi Tom, the big blue triangle is added with Photoshop to show where to enter the trade.... but on Oanda... a red dot is stop-loss and green dot is take-profit. Thanks for following...

Tony1121 Attachment(s)

Apr 21, 2009 10:48pm

wma flirting with price... no trading when wma&price are friends wma far away from price on a 5 sec chart is my environment ... outside of that, I will die

Tony112

Apr 21, 2009 10:51pm

hopefully... things will start moving pretty soon... I am planing to by a 30-42" LCD monitor to motivate me following my charts.... I will love that.. I'll post that up in the living room on the wall and leave it open all day. It will stay open on the 5 second chart... when guests will come it will stay open... they will think that I'M completely sick one thing you gotta remember... you gotta love what you do to succeed, it take a lot of love ...I've always said it... you have to make something a pure passion and gotta put in your head that by any means, you have to succeed until before you die. Yea, as serious as that...That's the only way to achieve something...just an opinion

Tony1121 Attachment(s)

Apr 21, 2009 10:58pm

not enough

forexisfxQuote:

Apr 21, 2009 11:57pm

Originally Posted by Tony112 hopefully... things will start moving pretty soon... I am planing to by a 30-42" LCD monitor to motivate me following my charts.... I will love that.. I'll post that up in the living room on the wall and leave it open all day. It will stay open on the 5 second chart... when guests will come it will stay open... It's like a live painting. I wish I have the courage to do that. Once u are done, do you mind taking a photograph of your living room with the LCD ? Share with us. Thnx

Tony112Quote:

Apr 22, 2009 12:17am

Originally Posted by forexisfx It's like a live painting. I wish I have the courage to do that. Once u are done, do you mind taking a photograph of your living room with the LCD ? Share with us. Thnx Of course I will share once I have it! I guarantee you that figuring out this forex portrait is harder than figuring out Picasso talking millions. Live painting, I like that In both cases we are

Tony112volatility is very low today... I am surfing websites at the same time

Apr 22, 2009 1:47am

Tony112trade taken possible LOSS: 0$1 Attachment(s)

Apr 22, 2009 3:03am

Tony112good night1 Attachment(s)

Apr 22, 2009 3:06am

Tony112I knew I had to go to bed DAMN that was nasty that pullback1 Attachment(s)

Apr 22, 2009 3:17am

Tony112at least we have some vola