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The 5 minute TF S&R trading system

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 ?
Goodnight folks! Bedtime in Australia! Have a good weekend. Thanks for all your help
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
Snail, fxpivot just answered your question... There is no pull back... So no trade.
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.
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.
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.
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you pretty much got it snail let me draw a chart and show it
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Quoting fxpivots
you pretty much got it snail let me draw a chart and show it
Thanks fxpivots for your explanation.
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.
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snail hope you one that trade because there was no trend to trade pullback.
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
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.
ever watch paint peel?
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.
2903 might be a setup to go long but news at 10
Quoting alrightfrank
nice trade mate
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
its like magic right joel lol
Quoting fxpivots
its like magic right joel lol
Reminds me of a song!!
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