How to Trade the 5 Minute Chart Profitably with Price Action? | Forex
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http://www.forexreviews.info/how-to-trade-the-5-minute-chart-profitably-with-price-action/ - Trading the 5 minute chart is not too much different to any other time frame however it can be much more time consuming. This is a video on how to trade this time frame profitably and how I used to trade this time frame before i moved onto the higher time frames. The methodology is based off engulfing price action follow through's ( momentum ) which help put probability on a traders side, however in order to be profitable one must still follow good money management and key risk reward principles. This video just discloses method.. Each aspect outlined in this video is to help a trader learn better at reading the Forex Chart. For more tips, check out my other videos. For more on this visit - http://www.forexreviews.info/learn For Updates - Get Email Updates - http://www.forexreviews.info/learn Facebook - https://www.facebook.com/forexreviewsdotinfo Twitter - https://twitter.com/forexdotinfo Google Plus - https://plus.google.com/+ForexreviewsInfo/posts By Watching this video and clicking the play button it means also that you agree to the disclaimer at the website here - http://www.forexreviews.info/privacy-and-disclaimer/
Comments
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Hi Guy's
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Please explain why you draw the support and rezistance levels? It seems you don't use them into this strategy...
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does breakevent strategy still relevant until now? if yes, is this strategy applicable when usa economic news or European news are come up?
second, does the risk of losing must be equal with the profit, or not? because to identify the significant candle you always stressing to the risk of losing
sorry for bad english -
hi. it's a very nice video. but I have a question that if it's on purely engulfing candle strategy then why you draw support resistance levels? any benefit of that?
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hiii bhai (brother)
just i want sai you thanx thanx thanx for this videos. sir its trading plan is awesome work. i m from india .when i started trading i m try to make profits bt its cnt .i have loss loss loss. when i see this video. trust me i make 3lakh in 20day .
sir thanx thnx thnx.
hats of you... -
You mean to say that stop loss can be put above the line of support and below the line resistance? Please explain!
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are you front running your break even to account for commissions
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what trading tool is that?
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Hi, great information pal..
Just wanted to say that if you hold down control, or shift, you should be able to draw horizontal lines with a 'snap to' function.
So click and begin your support line, then press shift, or control whilst still drawing and your line will snap to straight as an arrow.. Save you pissing around for ten minutes trying to get the kink out of your pesky line ;-)
Hope this works for you and changes your life for the better... Cheers mate -
what time frame do you trade?For a Full time income do you recommend 5 minute time frame trading??
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hi
I really like this strategy. thanks alot. I have a question. . please help me
I know the engulfing candle . but I don`t undrestand the whole propertise in this strategy. my english language is not well. i traied to undrestand complete this strategy but i couldn`t. I want you to write the parameters and propertise in this strategy and say to me what parameters (or propertise) we need to use in this strategy . whith this way i can undrestand better this strategy.
thank you very much -
The stoploss at entry point are easy to understand, but the profit taking and breakeven sell point are hard to identify. How will you know if you would get out on the breakeven or continue holding your position? If you hold your position its possible that the breakeven trade would be a loss trade. Please elaborate your technique for this. Thanks
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how are you doing? interesting video. i have a question. how do you control the profit target? sometimes the price turns on you at break even and end up stopping me out. what is the best way to manage profits. i know that moving your stops is one way but that can stop you out before your target. what is your profit managing technique my friend.
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At last I have come across a trading video that tells me what the trader-author actually does!
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1) Are you using the Fibonacci stragety? you recommended not to use 5 min table, then which one shall we use?
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There's an obvious question here- if you were making 200 pips per day, why didn't you just trade at 10 dollars per pip instead of 10 cents? You're then making 2k dollars profit per day...
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VOIla O HD
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Please how do you draw the shot straight lines in MT4 not the long support/resistant line extending to the price axis, rather the shot once indicating entry/exit
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Can you tell me how to use the Candle Stick Please as in about From going Down to be able to recognise the upward path if that is Possible. I like the Candle Sticks. So if you can then It would be so wonderful.
Thank You
John Ryan