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The 5 minute TF S&R trading system

  • #401
  • Sep 28, 2012 8:44am Sep 28, 2012 8:44am
2917-8 if 2x close below would be ok for pullback ?
  • #402
  • Sep 28, 2012 8:50am Sep 28, 2012 8:50am
Fxpivot, I wish we had the same chart on EU lol...
  • #403
  • Sep 28, 2012 8:52am Sep 28, 2012 8:52am
Snail, my understanding is that 17/8 is break of support not pull back. We still have to wait for pullback IMHO.
  • #404
  • Sep 28, 2012 8:57am Sep 28, 2012 8:57am
Quoting Phiksalamuk
Snail, my understanding is that 17/8 is break of support not pull back. We still have to wait for pullback IMHO.
Phik yes I mean when it comes back to that level.

Placing pending short. Now 2x closed below.
  • #405
  • Sep 28, 2012 8:58am Sep 28, 2012 8:58am
can someone answer post 400
  • #406
  • Sep 28, 2012 9:03am Sep 28, 2012 9:03am
Quoting fxpivots
can someone answer post 400
I count 4 winners in a row Fxpivots...
  • #407
  • Sep 28, 2012 9:07am Sep 28, 2012 9:07am
Quoting snail69
Phik yes I mean when it comes back to that level.

Placing pending short. Now 2x closed below.
Snail, by shorting there you would trade a retest of a broken support, whereas FXpivots trades retest of pullback in a fresh trend. My view is that a fresh trend has just started but still need to be confirmed by pull back and LL. Fxpivot, correct me if i'm wrong.
  • #408
  • Sep 28, 2012 9:13am Sep 28, 2012 9:13am
Thanks for your answers.

In post 400 - 820... I don't understand that. I don't see level 820. What am I missing?
  • #409
  • Sep 28, 2012 9:14am Sep 28, 2012 9:14am
Quoting Gerry
Thanks for your answers.

In post 400 - 820... I don't understand that. I don't see level 820. What am I missing?
..well i'm assuming it refers to time More charts required to keep things clear.
  • #410
  • Sep 28, 2012 9:21am Sep 28, 2012 9:21am
Quoting sidefx
..well i'm assuming it refers to time More charts required to keep things clear.
Oops! Which raises the question, do you all use US eastern time on your charts?
  • #411
  • Sep 28, 2012 9:22am Sep 28, 2012 9:22am
820 gmt close at 1.0444
  • #412
  • Sep 28, 2012 9:30am Sep 28, 2012 9:30am
Quoting fxpivots
820 gmt close at 1.0444
4 pullback?
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 18 KB
  • #413
  • Sep 28, 2012 9:32am Sep 28, 2012 9:32am
I see three winners. One still in action. Not sure I would have traded so far down... too nervous

But, not sure I'm right... hindsight
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 60 KB
  • #414
  • Sep 28, 2012 9:33am Sep 28, 2012 9:33am
Just realized my first arrow should be a bit more to the Right!
  • #415
  • Sep 28, 2012 9:35am Sep 28, 2012 9:35am
Will short at 94, but I don't know if it is sufficient to be considered a pullback lol...
  • #416
  • Sep 28, 2012 9:39am Sep 28, 2012 9:39am
Quoting Gerry
I see three winners. One still in action. Not sure I would have traded so far down... too nervous

But, not sure I'm right... hindsight
You are right Gerry. It 's 3 not 4... my bad...
  • #417
  • Sep 28, 2012 9:39am Sep 28, 2012 9:39am
Careful of 400 round number...
  • #418
  • Sep 28, 2012 9:40am Sep 28, 2012 9:40am
I am?? Wow! I pass the theory. Shame about the practical!
  • #419
  • Sep 28, 2012 9:41am Sep 28, 2012 9:41am
3 is the correct answer copy and duplicate and you will make money you only need 1 do it 7 times in a month and increase acct by 21 %. do it for4 months and double your acct. can it be done yes be selective and patient.
  • #420
  • Sep 28, 2012 9:48am Sep 28, 2012 9:48am
fxpivots, this is an amazing system. Pretty soon I'll catch on and get it right. I did a few CHF and AUD trades today and up 30 pips for the day. Feeling good about it, but know it follows two very different days. Baby steps!

So, would AUD have passed its trend-freshness test, or would you still be trading down?
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