Hi THP, any trades yet ?
The 5 minute TF S&R trading system
- #723
- Edited 8:04am Oct 19, 2012 7:15am | Edited 8:04am
- Joined Jan 2010 | Status: Trader | 2,021 Posts
- #728
- Oct 19, 2012 8:39am Oct 19, 2012 8:39am
- Joined Jan 2010 | Status: Trader | 2,021 Posts
sold 56 if severe bounce at 49 will move to be
sorry frank maybe it turns around and we both win
another confluence that make me took this trade was, the price hits the SR from the higher TF.
f.
- #734
- Oct 19, 2012 9:10am Oct 19, 2012 9:10am
- Joined Jan 2010 | Status: Trader | 2,021 Posts
Nice weekend to all !!! Getting late here. 
i appreciate your comments gentlemen, i consider myself new to this so i want to learn more from your method. just keep it coming
another confluence that make me took this trade was, the price hits the SR from the higher TF.
f.
i didn't want to say this because i know how people let indicators influence there trading decisions but wherever i enter i look at rsi to see how close to overbought for shorts opposite for longs
f.
Hey all,
It took me ages to work this out... not sure I'm right, but we seem to be talking about different areas on the chart. I think Frank's charts show a far more recent trade than Snail's. Is that right? The last bump in the chart before the downspike a few minutes ago / in progress is what Frank saw as a breakout to the upside.
The small abc that formed at the top of that last bump is what Thp saw as the reversal to go short.
Is that right?
