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The 5 minute TF S&R trading system

  • #481
  • Oct 3, 2012 7:39am Oct 3, 2012 7:39am
Quoting forex_J
a/j looking interesting... sell for scalp then buy and buy... maybe
forex_J I wish you a success but I suggest keep this thread clean and devoted to FxPivots original strategy and system.
  • #482
  • Oct 3, 2012 7:42am Oct 3, 2012 7:42am
Quoting snail69
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
  • #483
  • Oct 3, 2012 7:44am Oct 3, 2012 7:44am
Quoting forex_J
my bad... deleted all unrelated posts
and
  • #484
  • Oct 3, 2012 7:45am Oct 3, 2012 7:45am
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
  • #485
  • Oct 3, 2012 8:05am Oct 3, 2012 8:05am
move stop to b e
  • #486
  • Oct 3, 2012 8:12am Oct 3, 2012 8:12am
entry 1.29004 so can not move to BE just yet, when was yours ?
  • #487
  • Oct 3, 2012 8:13am Oct 3, 2012 8:13am
Stopped at be for me.
  • #488
  • Oct 3, 2012 8:25am Oct 3, 2012 8:25am
026 overlooked the 123 break should have grabbed some on second attempt no harm no foul next trade
  • #489
  • Oct 3, 2012 8:27am Oct 3, 2012 8:27am
This trade was opened just within a reach of Weekly pivot.

Do we take this into consideration (pivot levels) for entries ?
  • #490
  • Oct 3, 2012 8:33am Oct 3, 2012 8:33am
i don't let anything influence my setups just the price action and pattern
  • #491
  • Oct 3, 2012 8:45am Oct 3, 2012 8:45am
so be it. long @ 29024 ( previous trade closed with loss of 2.8 pips)
  • #492
  • Oct 3, 2012 8:53am Oct 3, 2012 8:53am
snail why long at 02
  • #493
  • Edited 9:18am Oct 3, 2012 9:00am | Edited 9:18am
Quoting fxpivots
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 ?
  • #494
  • Oct 3, 2012 9:35am Oct 3, 2012 9:35am
point b closed at 93 that's where the long would be. we use closing price for entry
  • #495
  • Oct 3, 2012 9:47am Oct 3, 2012 9:47am
snail you understand last post
  • #496
  • Oct 3, 2012 10:03am Oct 3, 2012 10:03am
Quoting fxpivots
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 ?
  • #497
  • Oct 3, 2012 10:28am Oct 3, 2012 10:28am
next entry was 98
  • #498
  • Oct 3, 2012 11:21am Oct 3, 2012 11:21am
FXpivots,

What time zone are you in?
  • #499
  • Oct 3, 2012 11:37am Oct 3, 2012 11:37am
eastern
  • #500
  • Oct 4, 2012 1:48am Oct 4, 2012 1:48am
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.
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