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The 5 minute TF S&R trading system

  • #681
  • Oct 16, 2012 10:33am Oct 16, 2012 10:33am
same scenario 42 short it is late though
  • #682
  • Oct 16, 2012 11:06am Oct 16, 2012 11:06am
Quoting T.h.p
unless something changes the next place to long is at 17 you all see that
Another great call THP !
  • #683
  • Oct 16, 2012 11:08am Oct 16, 2012 11:08am
Quoting T.h.p
same scenario 42 short it is late though
And it looks like you hit it again....
  • #684
  • Oct 16, 2012 11:24am Oct 16, 2012 11:24am
all i am doing is taking principles of s &r s & d and applying it to 5 minute charts
  • #685
  • Oct 16, 2012 3:32pm Oct 16, 2012 3:32pm
Quoting goldfish3
How so?

We haven't even retraced 10 pip from the 17 level and 17 just got hit 10 mins ago

Hey i was looking o buy at that level but price never reached there, shotback up, took a loss trying to short it on th eway up, thinking it was gonna come back down.
  • #686
  • Oct 17, 2012 6:38am Oct 17, 2012 6:38am
not a pretty picture
  • #687
  • Oct 17, 2012 7:55am Oct 17, 2012 7:55am
So far, the trade of the day is the 7am est buy at around 316-318
  • #688
  • Oct 17, 2012 8:00am Oct 17, 2012 8:00am
that would be true good looking if we were trending unfortunaly we are not 45 pip range will wait for confirmed trend
  • #689
  • Oct 17, 2012 8:10am Oct 17, 2012 8:10am
Hi ! today i profited 15 pips =) , now waiting another trade ...EU at 1.3117 .
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  • #690
  • Oct 17, 2012 8:17am Oct 17, 2012 8:17am
Quoting T.h.p
that would be true good looking if we were trending unfortunaly we are not 45 pip range will wait for confirmed trend
What do you consider a trend?

The way i see it is price was making higher lows then broke the recent high to make a higher high, up trend enough to trade the pullback. Also, price is trending upwards on the higher tf's (although it does look like the trend is slowing down).
  • #691
  • Oct 17, 2012 8:35am Oct 17, 2012 8:35am
i generally look for the obvious. but if we trend then consolidates then goes back to trending i will trade the retracement. fxpivots used the word selective i agree with that statement
  • #692
  • Oct 17, 2012 8:37am Oct 17, 2012 8:37am
Hi,

Here's an interview if anyone is interested in his work

Inserted Video


Not feeling mentally strong tonight, so won't trade.

Cheers,
g
  • #693
  • Oct 17, 2012 8:49am Oct 17, 2012 8:49am
was tthinkin about short at 16g
  • #694
  • Oct 17, 2012 8:52am Oct 17, 2012 8:52am
who's interview
  • #695
  • Oct 17, 2012 8:53am Oct 17, 2012 8:53am
Interview with Mark Douglas - author Trading in the Zone
  • #696
  • Oct 17, 2012 9:03am Oct 17, 2012 9:03am
no link
  • #697
  • Oct 17, 2012 9:07am Oct 17, 2012 9:07am
Ok, I pasted link... it put picture there. Try this...

type in address bar
www.

then paste what is below behind that

youtube.com/watch?v=GhKJ9P3agRc

enter...
  • #698
  • Oct 17, 2012 9:10am Oct 17, 2012 9:10am
Close call for my 2nd trade , nearly hit my SL , but it turn around and i got my 2nd profit for the day . YES !!!!!!!!
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  • #699
  • Oct 17, 2012 9:17am Oct 17, 2012 9:17am
as you can see when market has small advancements and small pullbacks this not the trend your looking for
  • #700
  • Oct 17, 2012 9:39am Oct 17, 2012 9:39am
Quoting T.h.p
i generally look for the obvious. but if we trend then consolidates then goes back to trending i will trade the retracement. fxpivots used the word selective i agree with that statement
I see the difference here. You won't trade the consolidation where as i will. While your experience has lead you to trade clear trends, my experience leads me to trade both clear trends and consolidations.

I will show you the other reason i would consider that trade to be acceptable during consolidation. I didn't mention it because its not apart of the OPs stated style.

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