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The 5 minute TF S&R trading system

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  • Post #5,221
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  • Jan 17, 2014 12:57pm Jan 17, 2014 12:57pm
  •  Oakwoodinc
  • | Joined Sep 2010 | Status: Member | 685 Posts
Quoting fxpivots
Disliked
Picked up a 3% win ej short 85
Ignored
Are you talking about this one:


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No trend and only sideways action before entry or am i wrong here?

If thats the trade can you explain why you took it please

Thanks
 
 
  • Post #5,222
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  • Jan 17, 2014 1:03pm Jan 17, 2014 1:03pm
  •  fxpivots
  • | Joined Feb 2007 | Status: Member | 1,809 Posts
Yes that was the setup around 8am or 1300 gmt
 
 
  • Post #5,223
  • Quote
  • Jan 17, 2014 1:10pm Jan 17, 2014 1:10pm
  •  erasmus66
  • | Joined Nov 2012 | Status: Member | 3,121 Posts
fx, what's your take on this signal from may 2012:

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Become the casino
 
 
  • Post #5,224
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  • Jan 17, 2014 1:13pm Jan 17, 2014 1:13pm
  •  erasmus66
  • | Joined Nov 2012 | Status: Member | 3,121 Posts
here you go oak:

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Become the casino
 
 
  • Post #5,225
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  • Jan 17, 2014 1:14pm Jan 17, 2014 1:14pm
  •  fxpivots
  • | Joined Feb 2007 | Status: Member | 1,809 Posts
Oak my mistake it was eu not ej still 85 entry and erasmus that one took to long to trigger 3 candles back was p b
 
 
  • Post #5,226
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  • Jan 17, 2014 1:19pm Jan 17, 2014 1:19pm
  •  fxpivots
  • | Joined Feb 2007 | Status: Member | 1,809 Posts
Erasmus even though we would not put that trade on it did take out low then formes a 123 that looks like it won
 
 
  • Post #5,227
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  • Jan 17, 2014 1:34pm Jan 17, 2014 1:34pm
  •  Oakwoodinc
  • | Joined Sep 2010 | Status: Member | 685 Posts
Quoting fxpivots
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Oak my mistake it was eu not ej still 85 entry and erasmus that one took to long to trigger 3 candles back was p b
Ignored
Was it this one FXPIVOT:

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There was also sideways action so what was your intention to take the trade?
 
 
  • Post #5,228
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  • Jan 17, 2014 1:38pm Jan 17, 2014 1:38pm
  •  Dufoo
  • | Joined Sep 2011 | Status: Member | 70 Posts
Quoting Oakwoodinc
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{quote} Was it this one FXPIVOT: {image} There was also sideways action so what was your intention to take the trade?
Ignored
Oak, it was this one
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  • Post #5,229
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  • Jan 17, 2014 1:47pm Jan 17, 2014 1:47pm
  •  fxpivots
  • | Joined Feb 2007 | Status: Member | 1,809 Posts
Thank you dufoo
 
 
  • Post #5,230
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  • Jan 17, 2014 1:53pm Jan 17, 2014 1:53pm
  •  fxpivots
  • | Joined Feb 2007 | Status: Member | 1,809 Posts
Hey dufoo you learned this stuff pretty quick
 
 
  • Post #5,231
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  • Edited 3:03pm Jan 17, 2014 2:07pm | Edited 3:03pm
  •  Dufoo
  • | Joined Sep 2011 | Status: Member | 70 Posts
Quoting erasmus66
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fx, what's your take on this signal from may 2012: {image}
Ignored
As I understand the rules it should be like this. Today we talked about when to start counting
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  • Post #5,232
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  • Jan 17, 2014 2:11pm Jan 17, 2014 2:11pm
  •  fxpivots
  • | Joined Feb 2007 | Status: Member | 1,809 Posts
Exactly good eye the reason is no momentum.
 
 
  • Post #5,233
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  • Jan 17, 2014 2:14pm Jan 17, 2014 2:14pm
  •  Dufoo
  • | Joined Sep 2011 | Status: Member | 70 Posts
Quoting fxpivots
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Hey dufoo you learned this stuff pretty quick
Ignored
It required some time and attention, and thanks for tutoring
 
 
  • Post #5,234
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  • Jan 17, 2014 2:17pm Jan 17, 2014 2:17pm
  •  fxpivots
  • | Joined Feb 2007 | Status: Member | 1,809 Posts
All of us were indoctrinated with indicators once you remove them and look at p a it takes a little getting use to but once you do kachink!
 
 
  • Post #5,235
  • Quote
  • Jan 17, 2014 2:28pm Jan 17, 2014 2:28pm
  •  Oakwoodinc
  • | Joined Sep 2010 | Status: Member | 685 Posts
Quoting fxpivots
Disliked
Thank you dufoo
Ignored
Erasmus posted the same chart like Dufoo and to him you say your trade was earlier and to the same chart from Dufoo you say that was the trade, so which one was it now?

The trade Dufoo and Erasmus both posted took 9 candles to get in and was 20 min before news, so there was 2 rules broken on that trade, is that right in my understanding about this single trade?

Thanks for replying
 
 
  • Post #5,236
  • Quote
  • Jan 17, 2014 2:30pm Jan 17, 2014 2:30pm
  •  fxpivots
  • | Joined Feb 2007 | Status: Member | 1,809 Posts
You start counting from last p b candle also concerning news if I have setup before news and it triggers with 25 mintues to go ill enter and get out if I dont hit target 1 minute before news unless its a long trade 30 min news was old rule
 
 
  • Post #5,237
  • Quote
  • Jan 17, 2014 2:38pm Jan 17, 2014 2:38pm
  •  fxpivots
  • | Joined Feb 2007 | Status: Member | 1,809 Posts
Erasmus pposted 2 charts first was 2012 second the same as dufoo
 
 
  • Post #5,238
  • Quote
  • Jan 17, 2014 2:50pm Jan 17, 2014 2:50pm
  •  Oakwoodinc
  • | Joined Sep 2010 | Status: Member | 685 Posts
Quoting fxpivots
Disliked
Erasmus pposted 2 charts first was 2012 second the same as dufoo
Ignored

You wrote: Oak my mistake it was eu not ej still 85 entry and erasmus that one took to long to trigger 3 candles back was p b

So did you take the trade that went in after 9 candles, what you said is too long to wait or did you take the one i posted within sideways market?

You really confusing me because both setups shown did not match the rules you explained ;-/

Maybe you can post a chart with short explanation, i know you have the time for that

Would be great

Thanks
 
 
  • Post #5,239
  • Quote
  • Jan 17, 2014 2:54pm Jan 17, 2014 2:54pm
  •  fxpivots
  • | Joined Feb 2007 | Status: Member | 1,809 Posts
I just told you his first chatt 2012 that was too many bars from p b tge other chart was same as dufoo which was ok
 
 
  • Post #5,240
  • Quote
  • Jan 17, 2014 3:31pm Jan 17, 2014 3:31pm
  •  Oakwoodinc
  • | Joined Sep 2010 | Status: Member | 685 Posts
Quoting fxpivots
Disliked
I just told you his first chatt 2012 that was too many bars from p b tge other chart was same as dufoo which was ok
Ignored
Duffos trade was at 2 p.m. and your trade was at 1 p.m. you said, so which trade did you take?
 
 
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