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The 5 minute TF S&R trading system

  • #101
  • Sep 17, 2012 7:05pm Sep 17, 2012 7:05pm
Quoting fxpivots
hey joel welcome post 64 start there
Here we go again, go to post 64?
  • #102
  • Sep 17, 2012 7:09pm Sep 17, 2012 7:09pm
yes post 64 gives the whole enchalada
  • #103
  • Sep 17, 2012 7:19pm Sep 17, 2012 7:19pm
Quoting fxpivots
yes post 64 gives the whole enchalada
Roger Dodger
  • #104
  • Sep 17, 2012 7:23pm Sep 17, 2012 7:23pm
Anyone have any questions while i am still here. Remember this phrase and you will be able to trade this easily find the trend wait for the pullback set entry order hit target. BE SELECTIVE!!!
  • #105
  • Sep 17, 2012 7:57pm Sep 17, 2012 7:57pm
Quoting fxpivots
Anyone have any questions while i am still here. Remember this phrase and you will be able to trade this easily find the trend wait for the pullback set entry order hit target. BE SELECTIVE!!!
Let's see.......$8,000/pip ,
15 pip tp/sl
3% risk
s/r s/d strategy
trend trade
End London, Begin NY session
5 min charts
Yep that'll work!!!! I love the smell of winning pips in the morning.....
  • #106
  • Sep 17, 2012 7:58pm Sep 17, 2012 7:58pm
Pretty simple right joel?
  • #107
  • Sep 17, 2012 8:16pm Sep 17, 2012 8:16pm
Quoting fxpivots
Pretty simple right joel?
Pretty simple, all I have to do is be Selective!!!!
  • #108
  • Sep 17, 2012 8:18pm Sep 17, 2012 8:18pm
Quoting fxpivots
Pretty simple right joel?
Hey, it's just you and me again!
  • #109
  • Sep 17, 2012 8:27pm Sep 17, 2012 8:27pm
It seems that way
  • #110
  • Sep 17, 2012 8:49pm Sep 17, 2012 8:49pm
Im here, studying and getting ready for ny session again. Woot
  • #111
  • Edited 8:38pm Sep 18, 2012 3:39am | Edited 8:38pm
Hi FxPivots, thanks for opening eyes ! Today started to try (demo) this system.

EU session - green line - price at low
blue line - 2x consecutive closes below, more than 1 pip
red line - trade to go short

That would be a proper execution, however, I happened to enter too early when price pulled back after blue line, then price went up to hit the stop level. As instructed here I entered reverse trade to try for BE. It was successful.

But when price was as proper level when original trade should have been opened I placed pending order for short. It went down straight to hit TP.

So result is plus 15 pips.

Thanks a lot FxPivots again.

Will practice to get a proficiency in this system.

PS: Just now there was another pullback and possible entry short at 1.30926 ! TP hit 2nd time today. (did not place trade though)
Attached Image (click to enlarge)
Click to Enlarge Name: Trade.jpg Size: 117 KB
  • #112
  • Edited 7:12am Sep 18, 2012 6:24am | Edited 7:12am
Just opened buy trade @ 1.30699, TP 30849 SL 30539. Lets see.

Oh just realized it was based on 1 min time frame. ! Wrong.

=====

Actually based on 5 min time frame that should be sell trade at that time which would end up in profit.

Low at 3:35 EST , 2x closed under around 5:30, and after pullback open short at 7:20 target reached around 8 o'clock.

Do I see it correctly FxPivots ?

Please comment.
  • #113
  • Sep 18, 2012 7:14am Sep 18, 2012 7:14am
Quoting snail69
Just opened buy trade @ 1.30699, TP 30849 SL 30539. Lets see.

Oh just realized it was based on 1 min time frame. ! Wrong.

=====

Actually based on 5 min time frame that should be sell trade at that time which would end up in profit.

Low at 3:35 EST , 2x closed under around 5:30, and after pullback open short at 7:20 target reached around 8 o'clock.

Do I see it correctly FxPivots ?

Please comment.
maybe we can post a chart as well imho...
  • #114
  • Edited 8:36pm Sep 18, 2012 7:21am | Edited 8:36pm
Attachment Corrected. Now with attached trade.


Quoting snail69
Just opened buy trade @ 1.30699, TP 30849 SL 30539. Lets see.

Oh just realized it was based on 1 min time frame. ! Wrong.

=====

Actually based on 5 min time frame that should be sell trade at that time which would end up in profit.

Low at 3:35 EST , 2x closed under around 5:30, and after pullback open short at 7:20 target reached around 8 o'clock.

Do I see it correctly FxPivots ?

Please comment.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade1.jpg Size: 106 KB
  • #115
  • Sep 18, 2012 7:27am Sep 18, 2012 7:27am
Quoting snail69
Corrected. Now with attached trade.
it would be easier if you
/right click @ your screen then
/click save as (active workspace as is)
/then attach the save file with 'attachments'
  • #116
  • Sep 18, 2012 12:56pm Sep 18, 2012 12:56pm
Here is my trade from pre NY session, was there any reason you would not have taken this trade fxpivot, down trend seemed pretty nice, so I thought it's valid.


thanks
Mr Smith
Attached Image (click to enlarge)
Click to Enlarge Name: euro win pre ny.gif Size: 23 KB
  • #117
  • Sep 18, 2012 4:50pm Sep 18, 2012 4:50pm
Ok first snail couldnt make out anything with your charts. The easiest way to post charts is use a metatrachart put you words and lines on it then click the key next to f12 0n your keyboard then go to accessories and click paint then click paste then hit the x in top right click save give it a name and save to desktop. then on here when you post click manage attachments. Ok mr smith that would have been ok. In my view market kind of chopped down. I call this the local train trend. I rather catch the express train trend and get that pull back.
  • #118
  • Sep 18, 2012 5:21pm Sep 18, 2012 5:21pm
Hey Fx how do you filter out the choppy days, I mean is there a way that you anticipate the range day? Thats what kills accounts! I saw setups today on the eu, but in hindsight they did not work out. How do you deal with this?
  • #119
  • Sep 18, 2012 5:23pm Sep 18, 2012 5:23pm
It did move down wards but it was choppy on the way down.
  • #120
  • Sep 18, 2012 5:32pm Sep 18, 2012 5:32pm
Yea i see what u mean fxpivot, i goto get more picky.
Thanks for your time.
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