The 5 minute TF S&R trading system

there it is phik 37 to 20

so 27 people looking and no responses just me and you phik are making money lol

seems to be a lot of supply at 37

There are waiting for signals...lol...! Come on guys, fxpivots won't byte you....! I consider myself to be still a newbee and he is sharing for free. In less than one week on this thread I've already learned a lot...! Ask if you don't understand and share your trades, good or bad!

Phik, thanks for your HH info'. Will look at it next to charts and shout if I have more q's on it.

a lot of supply at 37 - that means strong resistance?

It's at 915 now, might 922 be a short if it comes back up?

Hi FX, sold 2920

ferry use line charts it will make it clearer

why snail market going sideways no trend at the moment

..trying to get my head/eyes around this (sorry i prefer candles to see PA/patterns)...so, there have been 3 shorts from the same supply level since the failed assault on 2950...is that right?

Seems to be some support at 12/15. Break of 22 did'nt go very far. Open is at 12. Fxpivots said to be selective. From now on, I will try to look for strong SD zone. Personnaly, I would pass on this one, but I may be wrong.

My candles chart did have two closes above my HH line. HH line however was based on line chart. Is that right?

It seemed there was strong uptrend, but I guess sometimes even if all things seem right it just doesn't work. That's ok. I'll keep trying.

Thanks guys

using line charts clarifies the trend candles will show where s & d is

I saw 22 as support and resistance level, but I am often wrong.

2927 is yesterday high.

How do you define a fresh trend ? Should it be of certain length in terms of pips ?

market in a 24 pip range we are not treading. wait for trend and trade the pullback

hh hl for uptrend ll lh for down

Is this logic okay? So candles show supply and demand in terms of their length (momentum in drop or climb) and because we see high and low.

fxpivot, I'm curious, have you ever tried your system with a trailing stop?

gerry no the key is putting on winning trades not making pips but money

here's what treading looks like check out audusd chart see all the pullbacks

To those struggling like myself in identifying significant trend and pull backs, try looking at 15M. You will get a clearer picture. 37 was the exact pull back of the last 15M trend.

ok here's a quiz on audusd chart when price took out 820 closing price on line chart how many pullback trades were there if you get this you understand this method