The 5 minute TF S&R trading system

hey ozzie that was a perfect setup you showed it had divergence it was the second poke bar you enter 1 pip above poke bar plus 1 pip spread and a stop 15 from entry. Now that line you drew at point 2 if price breaks above and 2 candles completly close above point 2 that means no part of the bar can touch point 2 you can reenter as a resistance turning into support trade and that one also won. There is no need to filter any noise the rsi is just to confirm the 2b setup with divergence. Also there is no need to use a zig zag indicator to see a V pattern. Here is what a V pattern looks like. V

Get aload of these 2 setups

Hi fxpivots,

I am confuse about the divergence here. From the chart shown is it suppose a Regular Bearish Divergence? However, you are long for this trade. Would you please explain more about the divergence pattern for your decision making? Which pattern is for long and which pattern is for short?

Concerning this last chart the 2b to the downside has divergence which is a winning trade. Only use divergence on 2b trades. The support and resistance trade was second trade this is trading price action.

Ever wonder how to sell peaks in a downtrend? take a look at this chart which says a 1000 words.

heres a pretty 2b pattern with divergence. I hope your eyes are seeing this if not i will not waste my time posting.

heres how you buy the valleys

hey frank not understanding your chart. but here is a fews setups

So i put up a load of charts are there any questions? If not i will stop posting because either you get it or you will resort to a host of emas, and various lagging indicators to achieve what you wont get. Its not that indicators cant be useful they can if used correctly most dont use them correctly.

fx, i just edited the charts. my apologies im not so familiar in editing tools. red arrows denotes my entries, yellow lines denotes the setups.

i think i got it so no questions for now, ill put this into action next week.
thank you so much and more power to you sir.

frank

hey frank nice chart only thing i take 2b trades at end of trends other wise it looks good. ok even in a thin market you can find a setup

Hi fx, new to this thread and you made me more focused on PA just watching your charts!

In this case, you enter at the break of the red or the blue candle?

Thanks!

you enter when price hits the resistance price that will turn to support in the uptrend

Sorry fx,
I was talking about 2b pattern of your image (in quoted post)....

Hi FX. I am very familiar wiyh 2b patterns, but have never had much faith in them as they are esentially a reversal pattern in that they generally occur at the end of a trend. I am more of a "trend is your friend" person, rather than trying to pick tops and bottoms. However your use of divergence in conjunction with a 2b makes a world of difference.

Thanks for your thread, and I'll trade live both 2b's and pullbacks to S/R next week. I only trade the early London session, but there's usually a fair bit of action there.

Here is a 5M EU trade. Not sure why there isn't more interest in this thread. It's a very sound trading method.

The only reason you dont hear from me a lot is I work 9 to 5 so can only look in once in a while. Keep up the good work

Olu

one of the reasons dave is that this is price action at its finest and people want to be led by ea's and tons of indicators but nobody wants to learn how to trade supply and demand

Hey fxpivots,
thanks for your valuable inputs.. This strategy really works!!

Here's a beatiful 2b pattern with divergence .. sorry for the delay!
I'll try posting as soon as a pattern is in formation..

all the b.
chriz

i am starting to apply this method on m15, but honestly its not easy as it looks. still need a solid understanding of SD to perfect the timing entries. nice to see you again fx. anyways im almost there i think, ive deleted almost all of indis on my charts

regards
frank