The 5 minute TF S&R trading system

Thp Can You Advise How Is Your Trade Management for Your Way.

Thanks.

Thanks DonYe, for some reason I only spotted your post now. That makes good sense.

May I ask, when you're looking at other 'surrounding' S&R like that, how far back do you look? Only on 5 min, xx many bars... or bigger time frames as well? I've become more comfy using just the 5 min, but wonder sometimes.

I'll be off soon, you have a good weekend. Everyone.

Yes please, I'll second that

I know it seems kinda hindsight but i did see this trade you were talking about. I took it from 1.29675 because of the lows at 1.2970 plus the fact that price rejected at 1.29688 at the SR flip/Swap zone

Good question Gerry, because I am tweaking my ways now.

Last week I'd tell you that I used to look across all time frames, including weekly and monthly as well. However; now that I am 100% focused on this, I am just zooming out and looking at the last 2-6 hours on the 5M to get an idea of where everything is at, and what has happened.

At this point, I feel that is all I am going to do for the most part. I'm not looking at, or stressing anything longer, anymore.

LOL

Maybe is your twin!!
http://www.forexfactory.com/showthre...08#post5085108

Hi

This is one of the best threads on FF. A very intelligent approach to trading. Thank you for your contribution FXPivots.

fxpivots wrote: I am starting up a signal service for those who dont know how to trade if you are intertested pm.

I would be very careful about offering a trading signal service (even if it's free) as there are some serious legal ramifications to doing this improperly/illegally.

And if you get caught doing it improperly/illegally, there are several US gov't agencies that will make your life HELL.

[quote=RobinHood;6096549]fxpivots wrote: I am starting up a signal service for those who dont know how to trade if you are intertested pm.

I'm calling BS right now!

Many moons ago there was a guy that had the FCR thread. He used pretty much what is being shown here. he started a signal service and failed horribly because in my opion he was a scam artist. I'm one of the guys here that has been around long enough to think everything smells like a rat cause we have seen it several times before. Make sure you know A LOT about person before joining a singal service from people on here. Most if they were that good, they would not be worried about saling something. If I'm wrong, sorry, but I normally not wrong about these things.

If a person is good enough for signal services they would not start with bar charts and go to line cahrts and change how he trades cause it would have been done so long it would have been in stone. I have to say, it does sound like a better spoken FXA!

EU looks like its breaking down just after LO and CHF looks like it may be breaking up. Too early to see if the move is strong enough.

Any thoughts?

No pullback on either so far ...

Pretty lonely trading this time of day. Will try after the US open tonight.

I am selling at 60

Good Call ! Can you advise why so ?

Is it big 2B with divergence ?

Trend started down and took out previous lows of 54. The last dip was 60 before going down but it hasnt reached the level yet and might not.

spike up for the entry and now we're in

News at 10 bailing

bailed to quickly cost me a win

Just took an early tp. Price was stalling just above my tp. But as i type this price would have just hit my tp lol. In at 1.29599 out at 1.29472.

+12.7 pips

As i look at this the news coming up is not that big. I thought it was red but it was orange so it shouldnt widen spread that much. Call me chicken today.

Better a live chicken than a dead chicken.