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The 5 minute TF S&R trading system

  • #421
  • Sep 28, 2012 7:49am Sep 28, 2012 7:49am
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 then 28625 short is ok ?
  • #422
  • Sep 28, 2012 7:59am Sep 28, 2012 7:59am
Goodnight folks! Bedtime in Australia! Have a good weekend. Thanks for all your help
  • #423
  • Sep 28, 2012 8:11am Sep 28, 2012 8:11am
when you get and extended trend with no pullbacks you have nothing to pullback to except the last support level which should correspond to supply level
  • #424
  • Sep 28, 2012 8:17am Sep 28, 2012 8:17am
Snail, fxpivot just answered your question... There is no pull back... So no trade.
  • #425
  • Sep 28, 2012 8:25am Sep 28, 2012 8:25am
Quoting Gerry
Goodnight folks! Bedtime in Australia! Have a good weekend. Thanks for all your help
Goodnight Gerry...! Think I'm done for the day... Time to take care of my daughter.... Have a nive week end ! See you on monday.
  • #426
  • Sep 28, 2012 5:45pm Sep 28, 2012 5:45pm
Quoting Phiksalamuk
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.
Thanks Phik. Thats clarifies setups more.

It means on Friday there was one setup which you took, only.

Nice weekend from China.
  • #427
  • Sep 29, 2012 8:26pm Sep 29, 2012 8:26pm
Hi FX, was going through Friday trading and marked entries as I understood.

Can you advise whether I am doing it properly ?

HH HL or LL LH.

Thanks.
Attached Image (click to enlarge)
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  • #428
  • Sep 30, 2012 2:01pm Sep 30, 2012 2:01pm
you pretty much got it snail let me draw a chart and show it
Attached Image (click to enlarge)
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  • #429
  • Sep 30, 2012 10:42pm Sep 30, 2012 10:42pm
Quoting fxpivots
you pretty much got it snail let me draw a chart and show it
Thanks fxpivots for your explanation.
  • #430
  • Edited Oct 1, 2012 1:27am Sep 30, 2012 11:36pm | Edited Oct 1, 2012 1:27am
FX thanks for your teachings again and again. It is like eye opener.

Enclose today's trade from EU session.

Now only practice and practice.
Attached Image (click to enlarge)
Click to Enlarge Name: trade2.gif Size: 17 KB
  • #431
  • Oct 1, 2012 4:52am Oct 1, 2012 4:52am
snail hope you one that trade because there was no trend to trade pullback.
  • #432
  • Oct 1, 2012 5:59am Oct 1, 2012 5:59am
Quoting snail69
FX thanks for your teachings again and again. It is like eye opener.

Enclose today's trade from EU session.

Now only practice and practice.
nice trade mate
  • #433
  • Oct 1, 2012 6:27am Oct 1, 2012 6:27am
Quoting fxpivots
snail hope you one that trade because there was no trend to trade pullback.
FX, it was winner. Will try for better set ups. Appreciate your comments.
  • #434
  • Oct 1, 2012 6:29am Oct 1, 2012 6:29am
ever watch paint peel?
  • #435
  • Oct 1, 2012 6:40am Oct 1, 2012 6:40am
Trading range today of 130 pips. All day long on the screen and not a single tradeable pullback...lol. Clearly uncomfortable to take any long trade now.
  • #436
  • Oct 1, 2012 6:47am Oct 1, 2012 6:47am
2903 might be a setup to go long but news at 10
  • #437
  • Oct 1, 2012 6:53am Oct 1, 2012 6:53am
Quoting alrightfrank
nice trade mate
  • #438
  • Oct 1, 2012 6:56am Oct 1, 2012 6:56am
Quoting fxpivots
2903 might be a setup to go long but news at 10
29044 long here thanks

bounce of 50% fib of yesterday

ups have not noticed those news ... oh dear

out for +4
  • #439
  • Oct 1, 2012 7:02am Oct 1, 2012 7:02am
its like magic right joel lol
  • #440
  • Oct 1, 2012 7:04am Oct 1, 2012 7:04am
Quoting fxpivots
its like magic right joel lol
Reminds me of a song!!
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