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The 5 minute TF S&R trading system

  • #701
  • Oct 17, 2012 9:45am Oct 17, 2012 9:45am
i see your point. i will trade consolidation if trend wasin place prior to it
  • #702
  • Oct 17, 2012 9:52am Oct 17, 2012 9:52am
you don't have to have a trade everyday to make money. i don't like losing so i want to make every trade count
  • #703
  • Oct 17, 2012 9:59am Oct 17, 2012 9:59am
Quoting T.h.p
you don't have to have a trade everyday to make money. i don't like losing so i want to make every trade count
Second that .
  • #704
  • Oct 17, 2012 10:18am Oct 17, 2012 10:18am
No trades for me today, as it's getting late in the session i'm closing up shop.
  • #705
  • Edited 7:34pm Oct 17, 2012 5:39pm | Edited 7:34pm
Interesting video in post 692. He had me with sticking to a method that consistently works and knowing what moves the market. He lost me when he got into this mumbo jumbo about knowing yourself, etc. Look it comes down to finding something that works consistantly and making money. The only gap i see is guys dont stick to a method they bounce around and try everything under the sun. If you dont want to make money then keep doing what you are doing and you will succeed in not making money. BUT if you do want to succeed............ you know the answer.
  • #706
  • Oct 17, 2012 5:43pm Oct 17, 2012 5:43pm
Well what do you know a trader who gets it well done.
  • #707
  • Oct 17, 2012 9:50pm Oct 17, 2012 9:50pm
Quoting T.h.p
Interesting video in post 692. He had me with sticking to a method that consistently works and knowing what moves the market. He lost me when he got into this mumbo jumbo about knowing yourself, etc. Look it comes down to finding something that works consistantly and making money. The only gap i see is guys dont stick to a method they bounce around and try everything under the sun. If you dont want to make money then keep doing what you are doing and you will succeed in not making money. BUT if you do want to succeed............ you know the answer....

mmm... so people find successful methods, but then desert them to go bounce around. Really? I cannot imagine people would work so hard at being fools. But I'm no people expert! Maybe they do.

For me, and some others I see here, all we want is 'consistently works' and we're consistently working at it and have been for some time. So when (and I don't mean 'if') we're successful, will some or all of us stop doing this and go bounce around trying new things? Too early to tell, I guess.
  • #708
  • Oct 18, 2012 12:53am Oct 18, 2012 12:53am
hi there fellas, im glad thp is here to assist us new players in taking pips out of the markets. ive seen his post on other thread and honestly for once i really thought he and fxpivot are single individual. if you can check thp's older post it gives additional details in using 123/2b entries. im also thankful fxpivot decided to continue pampering us LOL!
more power to the thread and the thread contributors.

f.
  • #709
  • Oct 18, 2012 5:39am Oct 18, 2012 5:39am
Hi T.h.p,

I wanted to ask you: to look for S&R, do you check any other timeframes? Or only 5m?

Thanks for your inputs.
G
  • #710
  • Oct 18, 2012 6:04am Oct 18, 2012 6:04am
all analysis done on 5 minute chart
  • #711
  • Oct 18, 2012 6:09am Oct 18, 2012 6:09am
Quoting T.h.p
all analysis done on 5 minute chart
OK. Thanks
  • #712
  • Oct 18, 2012 7:37am Oct 18, 2012 7:37am
to trend or not to trend that is the question. i think that was shakespeare who said that
  • #713
  • Oct 18, 2012 8:22am Oct 18, 2012 8:22am
Sold at 1.31009, lets see.
  • #714
  • Oct 18, 2012 8:37am Oct 18, 2012 8:37am
Hi Snail,

I don't like the tight range. Consolidation? It would have to go all the way to the recent resistance to give you TP. Hope you're right
  • #715
  • Oct 18, 2012 8:42am Oct 18, 2012 8:42am
i agree with gerry 40 pip day so far no obvious trend
  • #716
  • Oct 18, 2012 9:18am Oct 18, 2012 9:18am
Trade finished at TP. Admit have not noticed news. Close to SL but survived.
  • #717
  • Oct 18, 2012 9:32am Oct 18, 2012 9:32am
Quoting snail69
Trade finished at TP. Admit have not noticed news. Close to SL but survived.
What was the trigger for your entry?

Edit: nevermind. I thought you said you entered at 1.3109 while you really entered at 1.31009
  • #718
  • Oct 18, 2012 9:44am Oct 18, 2012 9:44am
Quoting Good Lookin
What was the trigger for your entry?

Edit: nevermind. I thought you said you entered at 1.3109 while you really entered at 1.31009
Break of major resistance, pullback then sold.

Daily pivot.
  • #719
  • Oct 18, 2012 11:29am Oct 18, 2012 11:29am
Today i break even with 3 trades taken , the first i got stop out , the 2nd BE and the 3rd got TP . Will post my trades here everyday if can , give me comments if i got mistakes . Summaries for today : SIDE WAYS market , notice a few divergences ( 2b ) trades, correct me if i'm wrong , and also maybe coz news or fear for BLACK MONDAY OCT19 .
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  • #720
  • Oct 18, 2012 5:51pm Oct 18, 2012 5:51pm
hey kelly way to many trades for my taste. most are a part of the system but not the system.
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