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The 5 minute TF S&R trading system

  • #801
  • Oct 23, 2012 5:07am Oct 23, 2012 5:07am
Quoting clivepackham
Yes I am a very keen pullback trader having been introduced to it by "Flag trading the trend" thread, check it out it was awesome.

I have some small differences to this system for instance I like to get to BE asap like within 3 pips (I don't like losing my money) saves me a fortune.

Have some ideas to add to this system too(like holding for better RR) which I will share later on, but right now have to go to work so will catch up later.

Looking forward to working with everyone to here.

Catch you later
Great looking forward to it ! Dinner time here...
  • #802
  • Oct 23, 2012 5:15am Oct 23, 2012 5:15am
Quoting snail69
Oct. 23

- short +15
- long - closed for +5 , resistance of s/d level at 38.2 fib
nice levels you got there, almost identical to mine! did you hack on to my pc LOL!

Quoting clivepackham
I have some small differences to this system for instance I like to get to BE asap like within 3 pips (I don't like losing my money) saves me a fortune.
its quite so tight for the PA to breathe, i adjust my SL to BE at least 8-10 pips afar from EP.
if you also base your entry on long/near term SR odds of winners are increased. hope this helps.

f.
  • #803
  • Oct 23, 2012 5:59am Oct 23, 2012 5:59am
@ alrightfrank - no no would not dare ..... simple fib of previous day
  • #804
  • Oct 23, 2012 6:44am Oct 23, 2012 6:44am
long at 5
  • #805
  • Oct 23, 2012 7:02am Oct 23, 2012 7:02am
bailed
  • #806
  • Oct 23, 2012 7:16am Oct 23, 2012 7:16am
long
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  • #807
  • Edited 7:47am Oct 23, 2012 7:26am | Edited 7:47am
Im short @ 30081 bounce of yesterday low. (resistance)

TP 29727 - 161.8 of yesterday range

Lets see.

Edit: Mission accomplised.
  • #808
  • Oct 23, 2012 7:57am Oct 23, 2012 7:57am
Quoting snail69
Im short @ 30081 bounce of yesterday low. (resistance)

TP 29727 - 161.8 of yesterday range

Lets see.

Edit: Mission accomplised.
WELL DONE!
  • #809
  • Oct 23, 2012 8:43am Oct 23, 2012 8:43am
big trend with no pullbacks o well
  • #810
  • Edited 11:45am Oct 23, 2012 11:31am | Edited 11:45am
Just got back home. Only took 1 trade today , whole day out , enter when saw divergence at 1.3025 . Went up 12 pips take stop to BE , waited and hit TP at 1.3040.
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  • #811
  • Oct 23, 2012 1:26pm Oct 23, 2012 1:26pm
Kelly, somehow I do not understand fully the logic of your entries.

Divergence and .....
  • #812
  • Oct 23, 2012 11:06pm Oct 23, 2012 11:06pm
Quoting snail69
Kelly, somehow I do not understand fully the logic of your entries.

Divergence and .....
Snail69,

I reply u already today.
  • #813
  • Edited 2:35am Oct 24, 2012 2:23am | Edited 2:35am
Today abit tricky , put buy limit at 85 . Small SL a 8 pips , if it breaks will look for Shorts .
  • #814
  • Oct 24, 2012 3:29am Oct 24, 2012 3:29am
Quoting kellypero
Today abit tricky , put buy limit at 85 . Small SL a 8 pips , if it breaks will look for Shorts .
Shorted at 55 ..
  • #815
  • Oct 24, 2012 5:40am Oct 24, 2012 5:40am
Quoting kellypero
Today abit tricky
ECB Draghi speaks later today....
  • #816
  • Oct 24, 2012 6:06am Oct 24, 2012 6:06am
Quoting snail69
ECB Draghi speaks later today....
Yup.. the news = Tricky ... anyway i just wait for nice setup for entry . BE at the moment.
  • #817
  • Edited 7:21am Oct 24, 2012 6:22am | Edited 7:21am
Same story as yesterday. Pullback to yesterday low and short @ 29347
lost this one
  • #818
  • Oct 24, 2012 7:01am Oct 24, 2012 7:01am
i would short at 59
  • #819
  • Oct 24, 2012 7:21am Oct 24, 2012 7:21am
59 or 64 to short .
  • #820
  • Oct 24, 2012 7:32am Oct 24, 2012 7:32am
very annoying just missed entry by a pip
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