The 5 minute TF S&R trading system

Hi FxPivots,
Thanks for sharing your methodology.

Most of my trading is primarily 2B in the direction of bigger trend. (Emini, 1 min). I tried in past trading 123's but not with much success. Same for 2B that are counter trend. Many of your examples address these. I plan to give another shot and see if I can assimilate 123 tests setup.

I don't trade forex. So my posts probably would be more disruptive than helpful. My main intent of posting this message is to show appreciation for your time. Like you mentioned in past I also would like to see more interest in this thread. Because of your thread I finally created an account on forexfactory.

Wish you and your family happy and fulfilling New Year!

Regards

its been awhile been making money. Here is a neat revelation using line charts. Take a 5 minute chart and a rsi set to 8. It appears that price and indicator move the same so when you get a diviation between price and indicator thats divergence heres a chart to show how to enter. Sometimes the candlestick and line charts line up sometimes they dont

A couple of charts
E-J , U-CAD , AU-USD

E-J approaching target..

all the b
chriz

edit: E-J target hit 15 pips (stop loss 15 pips)
U-CAD setup invalidated
AUD-USD target hit 20 pips (stop loss 20 pips)

Well again its been awhile been trading effectivley the pullback based on the current trend. Simple rules no indicators just a 5 min line chart. We find the current trend and when it breaks its last low or high we wait for 2 closes below for short or 2 closes above for longs then we put entry in to sell or buy the stop is 15 pips and so is the target. Now if price goes against us we put a pending order in 15 pips away to reenter and target is still 15 pips. They dont happen often but when they do you lose trade 1 and win trade 2 for a BE day. This method has an above 80% win rate if you dont believe me just check it out for yourselves. It averages about 8 to 12 trades a month so a risk of 3% per trade will yeild you a very nice return. here are 10 charts from august . Last week there was 4 winners see if you can find them. Trading time is 7am est till 11 am est Dont trade 30 minutes before news so if you are not in by 8am when news comes out at 830 stay out. You can then continue right after news candle. Trade the EURUSD only best among spreads

Heres last 3 charts dont forget try and find last weeks winners dont look at sept 3 that was labor day no trading on holidays

i guess everyone has a winning strategy so good luck

Well I for one appreciate you posting this strategy. Nice price action with line charts. I am fairly busy this week, but will monitor it live during the early London session. Thanks.

nice to see you posting your trades again mate. WB

regards,
F.

heres another winning trade

though i only put on 1 trade a day here is a live setup. Trend changed to upside trade pullback at 12788

change pending order to 12812

cancel order

Hey Bro your really good at this

How many times per day do you get to trade this way , why did you choose the 5 minute chart?

Hey this method seems to make the most sense out of everything I have seen on this forum. Its price action/supply and demand as I like to call support and resistance levels. Its in real time! Using a line chart you can see it more clear for some reason. I will post a pic, even with all the volitility today on the EU, I was still able to tell which way price was heading by looking at the line chart closes. I will post a pic. Will se going forward if I will be able to sharpin my skills by seeing these setups as they are occurring.

Sorry I posted no illustration, The middle red line is where the close high was formed, So I thought, if price breaks this and closes above and pulls back, I will place a buy order above that close high. Mentally I thought this, I did not take a position in the market. But when I cam eback to my charts, I saw that price shot up. I will post another puck in detail as to what I was looking @. Hey FXPivots, wanna know if Im looking at things correct my man?

Maybe this will help. It also helps with the definition of 2b etc.

http://trading-naked.com/2b-reversal.htm

I didnt think anyone was listening. Yes it is S&R and they often correspond with S&D. There was a lot of news some news though is irrelevant like that 915 am stuff. Here the thing guys this is a money making business your mind set must rethink to this way or you will gamble your money away.Because of the very high win % this method has finding a trend and trading its pullback you can find at least 10- 12 trades a month. You only need 6+ winners a month and you can double you money every 4 months, you do the math. BE SELECTIVE!!! Let me clear up something; when i say 2 closes below say the last high they have to be consecutive ones like in the case of this chart 1.29022 is entry first close was 1.2896 next was 1.29011 this qualifies it has to be a full pip on the close so if the close was 1.29013 then no entry. That why i look to get 15 pips at 3% to make 20% a month. Here is the chart of sept 13

When news is coming up and price is near out entry setup wait for news to finish and spreads return to normal then place entry order as long as criteria is met. Here is chart of sept 14

[quote=fxpivots;6015582]I didnt think anyone was listening. Yes it is S&R and they often correspond with S&D. There was a lot of news some news though is irrelevant like that 915 am stuff. Here the thing guys this is a money making business your mind set must rethink to this way or you will gamble your money away.Because of the very high win % this method has finding a trend and trading its pullback you can find at least 10- 12 trades a month. You only need 6+ winners a month and you can double you money every 4 months, you do the math. BE SELECTIVE!!! Let me clear up something; when i say 2 closes below say the last high they have to be consecutive ones like in the case of this chart 1.29022 is entry first close was 1.2896 next was 1.29011 this qualifies it has to be a full pip on the close so if the close was 1.29013 then no entry. That why i look to get 15 pips at 3% to make 20% a month. Here is the chart of sept 13(/quote)

Hey man thanks for the PM, Im listening bro and following! It is a simple method and you could see things even clearer with a line chart. Never thought to use a line chart that way.

I used it to mark my supply and demand levels but it was in the past, not using it to look at in in the present as it is forming! makes more sense to use it in that way, the market is dynamic and orders can be placed anywhere, you have to let the price show you were they are in real time instead of trying and predicting them from past data. Thanks a lot for the enlightenment, you have opebed my eyes to the art and true way to look at trading.

I now undertsand what you meant by market structure now, its how price moves, supplyshows it self as well as demand on the charts and once you see it as it happens ,its easy to trade it,as well as supply switching to demand and vice versa. Th e5 minute chart is great for intraday, you can see the intraday supply and demand zones as they appear and trade them to make money and get out. Thanks bro, it was the line chart that did it for me.

when you pointed out divergence with the rsi, it was like wow. all u gotta do is wait for th ebreaks and pullbacks and they do happen. Hey i was wondering, why not trade london open and look for setups?