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The 5 minute TF S&R trading system

  • #321
  • Sep 25, 2012 8:47am Sep 25, 2012 8:47am
unfortunaly entry not touched at 38 dragging speaking and news at 10
  • #322
  • Sep 25, 2012 9:13am Sep 25, 2012 9:13am
iam not interested in this price action tomorrows another day be selective its your money your dealing with
  • #323
  • Sep 25, 2012 9:26am Sep 25, 2012 9:26am
Price came down to the 38 on my charts but i didn't get a fill. :<
Attached Image (click to enlarge)
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  • #324
  • Sep 25, 2012 9:29am Sep 25, 2012 9:29am
if price came down to38: 39 is entry because of spread you should have filled
  • #325
  • Sep 25, 2012 9:47am Sep 25, 2012 9:47am
g L was your entry 39
  • #326
  • Sep 25, 2012 9:57am Sep 25, 2012 9:57am
Quoting fxpivots
g L was your entry 39
My entry was exactly 1.29392
  • #327
  • Sep 25, 2012 10:05am Sep 25, 2012 10:05am
The Ask only got to 1.29478 while the Bid made it down to 1.29378 and this resulted in my no fill :<
news :<
  • #328
  • Sep 25, 2012 10:05am Sep 25, 2012 10:05am
so how low did price get to on chart
  • #329
  • Sep 25, 2012 10:11am Sep 25, 2012 10:11am
what candle was it
  • #330
  • Sep 25, 2012 10:14am Sep 25, 2012 10:14am
In that very minute there oanda put on a 10 pip spread to account for the 10am news release. If there was no 10 pip spread i'm pretty sure price wouldn't have come down to my entry anyway.
  • #331
  • Sep 25, 2012 10:14am Sep 25, 2012 10:14am
Quoting fxpivots
what candle was it
9:59a and 10a est
  • #332
  • Sep 25, 2012 10:19am Sep 25, 2012 10:19am
ok that's why. i trade oanda also that's why i don't trade around news time for that very reason you can after news when spreads return to normal. none the less you saw why that was place to enter long
  • #333
  • Sep 25, 2012 6:36pm Sep 25, 2012 6:36pm
Fxpivots, during active session I spotted this second trade. Have not traded upon signal though. There were 2 closes above last HH.

Can you comment on that set up please ?

Thank you.
Attached Image (click to enlarge)
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  • #334
  • Sep 26, 2012 2:42am Sep 26, 2012 2:42am
Hi,

I've tried to identify trades over the past two months. I had about equal winners and losers, so I'm obviously doing something wrong. fxpivots, can you or someone else give me some advice please?

Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: trades.JPG Size: 117 KB
  • #335
  • Sep 26, 2012 2:48am Sep 26, 2012 2:48am
And them some questions, please!

For a regular 1-2-3, does leg 1-2 need to be a specific length relative to leg 2-3?

Does the whole setup need to span a certain pip height, ie. happen over say 30+ pips, rather than 6 pips.?

On a 2b, I know one can only do the trade from under the poke bar if there were only 2 x poke bars. My question is, can it still be treated as a regular 123 pattern if there are say 5 poke bars, but the price returns to point 2 after that?

Thanks guys.
  • #336
  • Sep 26, 2012 3:03am Sep 26, 2012 3:03am
Quoting Gerry
And them some questions, please!

For a regular 1-2-3, does leg 1-2 need to be a specific length relative to leg 2-3?

Does the whole setup need to span a certain pip height, ie. happen over say 30+ pips, rather than 6 pips.?

On a 2b, I know one can only do the trade from under the poke bar if there were only 2 x poke bars. My question is, can it still be treated as a regular 123 pattern if there are say 5 poke bars, but the price returns to point 2 after that?

Thanks guys.
check this post, hes views are somewhat similar to fxpivots.

http://www.forexfactory.com/showthre...12#post5084912

hope this helps.

f.
  • #337
  • Sep 26, 2012 3:03am Sep 26, 2012 3:03am
Quoting Gerry
Hi,

I've tried to identify trades over the past two months. I had about equal winners and losers, so I'm obviously doing something wrong. fxpivots, can you or someone else give me some advice please?

Thanks!
all a matter of determining the points .... on the left to sell at the break and retest point 2 .... on the right instead of the point 1 must be point 3 .... and will good profit
BE
  • #338
  • Sep 26, 2012 3:42am Sep 26, 2012 3:42am
Quoting qac
all a matter of determining the points .... on the left to sell at the break and retest point 2 .... on the right instead of the point 1 must be point 3 .... and will good profit
and sl must be under point 3 or 1 (very aggressive for 5m TF) or over 76%FIb on line 3-2
BE
  • #339
  • Sep 26, 2012 6:24am Sep 26, 2012 6:24am
i have already answered that question. we are not trading 123 s we are trading pullbacks in a fresh trend. we only look at a 123 at the end of a trend as a potential trend change. your examples are not at the end of a trend but in consolidation. we use line charts not candles. finally be SELECTtive right now we are not treading
  • #340
  • Sep 26, 2012 6:54am Sep 26, 2012 6:54am
Took that short trade this morning. Finally bailed out at BE. Note that it would have reached TP but with a lots of ups and down...
Attached Image (click to enlarge)
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