How to Trade the 5 Minute Chart Profitably with Price Action?



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

  1. Wow you have lost quite a lots of hair
  2. This strategy WORKS! I'm very impressed with the structure of the strategy. I began using it along with trendlines and I'm getting 150 pips per day (when I trade). Previous scalping method I used was more hit and miss, but still profitable. I use the 60minute chart to map out my support and resistance lines. I feel the 60minute levels not only are a bit stronger than the 15 minute levels, but the move from from the 60 minute levels give a bit more profit (pips) per move. Therefore I don't need to take as many trades. On the other hand, when I find that the market is moving a bit slower, or I decide to trade during off hours (Asian Session) I will drop down to the 30 and or 15 minute chart and go down to the 3minute chart for my price action entries. Great video!
  3. Or you can turn on Bill Williams Fractals indicator ; )
  4. I dont know... I find it totally impossible to trade short term! Totally impossible! In the long term I'm const profits.. sure. But in short term, it almost like the market is programmed to take money off me as soon as I place a trade. And I'm very familiar with this now.
  5. Find the zone and trade this in the zone for confirmation.
  6. Amazing :) i follow your strategy and it works .
  7. This works I just tried this today came out with 98 pips. Thank you!!!
  8. It's very helpful, thank you.
  9. que desgraça gordinho para de fazer este barulho com essa boca de gay
  10. sir, this work! i use it every day. Its basically like Walter Peters (forgot last name ) strategy is call Naked Candle Trading. Peter is a really funny guy. The reason why it works cause the market always look to test support and resistance.
  11. God this is so complicated why wants to earn commission to help me make money?
  12. Bro did this video really have to be half an hour long....
  13. If YouTube traders were making so much money, why waste time here selling you something? I know the answer, do you?
  14. All Markets are fractal, so how this guy can say that lower time frames are full of noise is complete nonsense. If I showed you a chart without the time frame being visible, you could not tell me what time frame chart you were looking at. All too often these YoutTube traders talk utter nonsense. Every candle tells a story if you can read price, most traders can not. He also says that higher timeframes are more profitable, thats also nonsense. Timeframes are applicable to the type of trader that you are of which can be decided by the size of your account. Here is an example, trading 1 day charts offer trade opportunities very infrequently but when you get one right you can earn a heap of Pips, yeah at about a 10 cents a Pip you will make enough for a dat off work every now and then. If you can read price and forget indicators you can trade many times a day but with a position size many times bigger with same monetary risk, now when you get a trade right and win, you can take the day off, only now you have many many more opportunities to get more days off in the same amount of time. Others call this over-trading, which can not be further from the truth. If your strategy wins 70% OF THE TIME THEN TRADE AS MUCH AS THE DAY WILL ALLOW. Time frames have nothing to with your success. Oh yes I trade every day on low time frame charts. The guy in this video can not read price, he is doing something very different.
  15. idk it seems easy to do larger time frames in still learning though thanks be Super Awesome
  16. What about a "hedge ea", any recommendations of time best used?
  17. Hi Guy's
  18. Please explain why you draw the support and rezistance levels? It seems you don't use them into this strategy...
  19. 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
  20. 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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Visibility: 409104

Duration: 31m 8s

Rating: 1321