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Smilingsynic: Five Minute Flip (FMF)

By Lawrence  

FiveMinuteFlip_coverSmilingsynic is a long time member of this site. He is a good Emini S&P daytrader. Many members like to learning more about his Five Minute Flip (FMF) concept after reading his comments in our real-time chat room.

Smilingsynic generously squeezed some of his time to create this detail presentation (76 slides!) on his Five Minute Flip trading technique.

Enjoy!

Lawrence: I know smilingsynic for a long time. He is a legit profitable daytrader who has developed his trading skills through hard work, dedication and his keen observations of price actions. I am very glad that he is sharing his trading wisdoms with us.

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Comments
  • Minty415  June 26, 2013 at 23:22:31

    SS – You are a gentleman and a scholar. Very generous of you to share this with us. Thanks!

  • MidKnight  June 27, 2013 at 00:51:42

    Hi SS,

    Thanks for taking the time to put this together and for sharing – very generous.

    On slide 15 it reads:
    “If the high of the second bar is lower than the high of the first five-minute bar, the first trend of the day is UP.”

    Should that read if the high of the second bar is HIGHER ? I dunno….sorry if I’ve missed something.

    With kind regards,
    MK

    • smilingsynic  June 28, 2013 at 00:06:45

      Yes, you are absolutely correct.

      Should be HIGHER. If the second bar’s high is higher than that of the first bar,the first trend of the day is UP.

  • MidKnight  June 27, 2013 at 01:30:05

    Hello again,

    Another edit maybe….

    Slide 20 & 21: The description and example don’t match up, I think…..

    With kind regards,
    MK

    • smilingsynic  June 27, 2013 at 09:29:59

      I’ll look over those later. Thanks for your careful attention.

    • smilingsynic  June 28, 2013 at 00:09:38

      LC, If you can, please modify slide 20:

      Where it says “Take the difference, and SUBTRACT it from the LOW of the first five-minute bar” it SHOULD say “take the difference, and SUBTRACT it from the HIGH of the first five-minute bar.

      • Lawrence Chan  June 29, 2013 at 10:28:27

        Will make the changes and upload the new version later today

      • Lawrence Chan  June 29, 2013 at 21:39:44

        New version uploaded.

  • ultramarine  June 27, 2013 at 04:06:16

    A VERY big thank you SS – something I’ve been hoping for ever since fatails went down with me only on page 200!

  • mel  June 27, 2013 at 05:40:05

    Big Thanks SS !I finally understand what FMF is !

    • ultramarine  June 28, 2013 at 01:48:20

      That’s great – many thanks. Now I just need to find another two years reading time!!

  • smilingsynic  June 28, 2013 at 00:17:20

    Roblovet,

    OMG. Good job.

    I had a journal there on fattail on Lenny Dykstra and his option “trading,” explaining his schemes and deceptions way back then. That was before he went to prison and was the subject of a very recent book.

  • roblovet  June 30, 2013 at 16:24:53

    SS,

    What happened to the individual who used to run fattail? And why did he take it down?

    I loved that site and I learned a tremendous amount about trading volatility from the journals. I still use a variant of the pitchfork strategy that he described in the various journals.

  • musax  July 1, 2013 at 09:20:09

    SS . Thanks for your great efforts and kind generosity , Greatly appreciated and Big Thanks

  • Kel108  August 17, 2015 at 23:36:28

    Thanks for this info but its not clear to me when you decide to go long or short – maybe that is not the point of the article. :)

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