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The 5 minute TF S&R trading system

  • #1,081
  • Nov 21, 2012 6:27am Nov 21, 2012 6:27am
Quoting shannon
Placed an order to buy EU at 2790...is this correct?
There was 2b and I sold at 28026. (look at start of thread if intersted; post with candles)
  • #1,082
  • Nov 21, 2012 6:58am Nov 21, 2012 6:58am
seems like price found base at 97
  • #1,083
  • Nov 21, 2012 8:23am Nov 21, 2012 8:23am
I cancelled it when I thought I saw a 123 form now I've got an order to go long at 2810.
  • #1,084
  • Nov 21, 2012 8:57am Nov 21, 2012 8:57am
moving stop to be
  • #1,085
  • Nov 21, 2012 9:03am Nov 21, 2012 9:03am
Quoting forhisglory
moving stop to be
Hows that tp goin
  • #1,086
  • Nov 21, 2012 9:04am Nov 21, 2012 9:04am
So far thats 9% in 2 days during a holiday week.
  • #1,087
  • Nov 21, 2012 9:06am Nov 21, 2012 9:06am
as the song goes whoops there it is. what's amazing with this is its been a slow month for setups but since i started on nov 7th i have 5 wins 2 more and i reach goal
  • #1,088
  • Nov 21, 2012 9:12am Nov 21, 2012 9:12am
I just did a search for high yield CDs in the usa. The highest rate so far is 1.85% per year for 5 years. We've almost doubled the yearly rate in 1 day. Interesting stuff no?
  • #1,089
  • Nov 21, 2012 9:18am Nov 21, 2012 9:18am
there is no return out there that matches this over last 4 yrs if you do this right. audusd also would have won in opposite direction
  • #1,090
  • Nov 21, 2012 9:30am Nov 21, 2012 9:30am
hey good looking i know you've answered this but i can't understand why only a few trade this way are they afraid of making money?
  • #1,091
  • Nov 21, 2012 9:32am Nov 21, 2012 9:32am
Quoting forhisglory
there is no return out there that matches this over last 4 yrs if you do this right. audusd also would have won in opposite direction
Yes i took that position as well. It's setup is a great example of what to look for.
  • #1,092
  • Nov 21, 2012 9:37am Nov 21, 2012 9:37am
Quoting fxpivots
so any questions on how to trade support and resistance on a 5 minute chart
yes,

how?
  • #1,093
  • Nov 21, 2012 9:41am Nov 21, 2012 9:41am
luca 1978 your kidding right. i have been trading for 2 weeks and have 5 wins. look at all the posted charts
  • #1,094
  • Nov 21, 2012 10:18am Nov 21, 2012 10:18am
I am just in a good mood
but of course I want to learn new things

I need to go over a lot of pages to find the things you have talked about, you will agree
  • #1,095
  • Nov 21, 2012 10:34am Nov 21, 2012 10:34am
Quoting luca1978
I am just in a good mood
but of course I want to learn new things

I need to go over a lot of pages to find the things you have talked about, you will agree
Easiest way to start is to go to FXPivots profile and view all the pictures he's ever posted and just look at those. Once you start to notice a pattern then go through the thread and see the questions people have posed and the answers given. Then at that point start posting your setups here. People will chime in on what they think about it.
  • #1,096
  • Nov 21, 2012 10:35am Nov 21, 2012 10:35am
My order didn't get filled....with my broker there are separte charts for bid/ask prices so should I be looking at the ask price for long trades and bid for short? I was just using the bid price b/c I thought that's what most traders would be looking at.
  • #1,097
  • Nov 21, 2012 10:49am Nov 21, 2012 10:49am
Quoting shannon
My order didn't get filled....with my broker there are separte charts for bid/ask prices so should I be looking at the ask price for long trades and bid for short? I was just using the bid price b/c I thought that's what most traders would be looking at.
Use the bid chart and enter at your price plus 1 pip. This is what fxpivots said. Use 1 pip because of the spread but if your spread is less then you could just enter plus spread.
  • #1,098
  • Nov 21, 2012 11:28am Nov 21, 2012 11:28am
Thanks Good Lookin....actually my spread is like 2.5 ...I think I need a new broker!
  • #1,099
  • Nov 21, 2012 2:31pm Nov 21, 2012 2:31pm
Quoting shannon
Thanks Good Lookin....actually my spread is like 2.5 ...I think I need a new broker!
Yah you do, check out Lmax and Armada Markets!!! I pay about 1 pip on eur/usd through Armada!
  • #1,100
  • Nov 22, 2012 5:55am Nov 22, 2012 5:55am
good spreads at oanda.
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