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The 5 minute TF S&R trading system

  • #941
  • Nov 2, 2012 10:20am Nov 2, 2012 10:20am
Quoting Good Lookin
Just like you said, those reasons for entry are not per the rules of entry set by the OP of this thread. Lets try to stick to the original rules. Unless one can call the trades before they happen and show that they can average more than 20% a month in a sustainable manner then they should stick to the system until you learn it. Even if you could do this then you should open another thread and post those trades there.

Lets keep this thread clear and clean for those individuals who are looking for a simple and profitable system with clear rules....
Thanks Snail for the words you expressed, and to GL , its true that the way i trade is not 100% as per this thread here. I mean no harm to this system , and i would like to apologized if anyone here who have been following this thread that is left by FX pivots.
Actually , i did use this system and it works for me too , coz the picture i show here has not been the way u guys posted . For me the title written The 5 minute TF , S&R ( support and Resistance ) trading system, and my way was Support and resistance .
Anyway , i will not post anymore of the pictures here that has not follow this thread 100% .
I would like to say Thank you to u guys , I have learn this system and also profiting from it like what u said, 20% which i did it last month.
  • #942
  • Nov 2, 2012 10:42am Nov 2, 2012 10:42am
did anyone trade the gbpusd pullback selling at 1.6046 about 90 mins ago?
Become the casino
  • #943
  • Edited 8:12am Nov 5, 2012 5:40am | Edited 8:12am
Looks like this thread is dying...

nobody posting, just waiting...
  • #944
  • Nov 5, 2012 8:04am Nov 5, 2012 8:04am
Why is this thread dying? I am new to forex and over the last 6 months i have back tested hundreds of methods and i finally arrived here. I backtested this method and out of all of them this was the most consistant out of all of them. Some would say back testing is a waste of time and only forword testing proves anything. Well every method starts off as a idea thats based on how it did before so like science back testing is viable. Ok here were the results 4 yrs of backtesting 0 losing months, average of 19.3% per month based on the rules of the author. There were times i didnt know if the setup was viable so i didnt take the trade but took the one after none the less look at the results. So since this thread is dying i thought i would use it to journal my trades live. This will be my first time trading so i will start with 5000 and see how it goes.
  • #945
  • Nov 5, 2012 8:36am Nov 5, 2012 8:36am
There will be 1 addition i will make that the author doesnt include but is within the basic rules is i will add audusd as a addional pair only if the eurusd is rangebound.
  • #946
  • Nov 5, 2012 8:47am Nov 5, 2012 8:47am
Quoting forhisglory
Why is this thread dying? I am new to forex and over the last 6 months i have back tested hundreds of methods and i finally arrived here. I backtested this method and out of all of them this was the most consistant out of all of them. Some would say back testing is a waste of time and only forword testing proves anything. Well every method starts off as a idea thats based on how it did before so like science back testing is viable. Ok here were the results 4 yrs of backtesting 0 losing months, average of 19.3% per month based on the rules of the...
Good job taking the initiative and back testing. Stick with it and good things will happen. Discipline is rare in these parts.
  • #947
  • Nov 5, 2012 8:51am Nov 5, 2012 8:51am
Thanks good looking. I would appreciate it when i post a live setup if i got it wrong you would let me know.
  • #948
  • Nov 5, 2012 8:56am Nov 5, 2012 8:56am
hi forhisglory,

All the best to you..

Wish you much success
Cheers
Ati

Quoting forhisglory
Why is this thread dying? I am new to forex and over the last 6 months i have back tested hundreds of methods and i finally arrived here. I backtested this method and out of all of them this was the most consistant out of all of them..... So since this thread is dying i thought i would use it to journal my trades live. This will be my first time trading so i will start with 5000 and see how it goes.
Money is important, Love is essential.
  • #949
  • Nov 5, 2012 9:04am Nov 5, 2012 9:04am
Quoting forhisglory
Thanks good looking. I would appreciate it when i post a live setup if i got it wrong you would let me know.
Sure no prob. I'll give my input.
  • #950
  • Nov 5, 2012 9:20am Nov 5, 2012 9:20am
Forhisglory,welcome aboard !
  • #951
  • Nov 5, 2012 9:39am Nov 5, 2012 9:39am
Thanks for the welcome. Tomorrow I will give live setups. Today it looks like the audusd might have given a setup to go long from 53. I see a 123 after trending down then it takes out point 2 then comes back and then goes again higher so the price to enter would be 53 am i right about this?
  • #952
  • Nov 5, 2012 9:56am Nov 5, 2012 9:56am
Just figured out these mt4 charts on how to show them and draw on them so you can see the setup i was talking about.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 20 KB
  • #953
  • Nov 5, 2012 9:59am Nov 5, 2012 9:59am
hi forhisglory,

maybe you know it anyway ... if not this might be useful .. you can save charts directly from File -> Save as Picture

Cheers
Ati
Quoting forhisglory
Just figured out these mt4 charts on how to show them and draw on them so you can see the setup i was talking about.
Money is important, Love is essential.
  • #954
  • Nov 5, 2012 10:08am Nov 5, 2012 10:08am
As i was making last chart another setup happened on aususd that triggered.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 18 KB
  • #955
  • Nov 5, 2012 11:15am Nov 5, 2012 11:15am
Quoting forhisglory
As i was making last chart another setup happened on aususd that triggered.
My markup.

Attached Image (click to enlarge)
Click to Enlarge Name: audusd forhisglory 12-11-05 01.gif Size: 24 KB
  • #956
  • Nov 6, 2012 2:37am Nov 6, 2012 2:37am
This the Thread we keep it alive users! The starter of the Thread, does not writes already here, but i think wrote everything down what it is necessary to know about this strategy. This I say thank you for it to him on a road!

Balucapt

Attached Image (click to enlarge)
Click to Enlarge Name: setup8.gif Size: 15 KB
Balucaptdo not fight, be in the business!
  • #957
  • Nov 6, 2012 5:51am Nov 6, 2012 5:51am
I agree balucapt
  • #958
  • Nov 6, 2012 6:37am Nov 6, 2012 6:37am
I guess elections are keeping things rangebound.
  • #959
  • Nov 6, 2012 8:20am Nov 6, 2012 8:20am
I will attempt a 04 long
  • #960
  • Nov 6, 2012 8:37am Nov 6, 2012 8:37am
If a 123 forms i cancel order
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