The 5 minute TF S&R trading system

forex_J I wish you a success but I suggest keep this thread clean and devoted to FxPivots original strategy and system.

my bad... deleted all unrelated posts

and

Missed the 2915 as my day starts between 8am and 8:30am eastern but i'm keepin my eyes open for a possible 2902 ish

move stop to b e

entry 1.29004 so can not move to BE just yet, when was yours ?

Stopped at be for me.

026 overlooked the 123 break should have grabbed some on second attempt no harm no foul next trade

This trade was opened just within a reach of Weekly pivot.

Do we take this into consideration (pivot levels) for entries ?

i don't let anything influence my setups just the price action and pattern

so be it. long @ 29024 ( previous trade closed with loss of 2.8 pips)

snail why long at 02

double bottom - ABC - pullback to B - then another pullback long

Lost ( by 2 pipets) and then it shoots up.....

FX, was my reasoning wrong ?

point b closed at 93 that's where the long would be. we use closing price for entry

snail you understand last post

FX Your Explanation Is Clear. Did Not Catch That Pullback But The Next One Only And Then Price Spiked . Will Post Chart With Comments Later. Now Here Is Late Night.

Entered Long At 29040 Or Was It ABC Before And Should Not Enter At All ?

next entry was 98

FXpivots,

What time zone are you in?

eastern

FX please have a look at attached chart.

Marked are possible entries. Are those correct ?

All but last one would reach 15 pips target. Last one would be ok for 11-12 pips.

You were right about entries. My entries were late and thus ended up stopped out of otherwise profitable trades.

Need more practice and screen time.