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The 5 minute TF S&R trading system

  • #1,661
  • Jan 8, 2013 9:53am Jan 8, 2013 9:53am
different brokers i guess
Become the casino
  • #1,662
  • Jan 8, 2013 10:10am Jan 8, 2013 10:10am
Quoting erasmus66
different brokers i guess
Fxcm on tradeinterceptor on ipad....and trade placed on Oanda ipad platform
  • #1,663
  • Jan 8, 2013 10:28am Jan 8, 2013 10:28am
i'm with interactive brokers - expains the diff. good trade btw - have you revised sl to entry?
Become the casino
  • #1,664
  • Jan 8, 2013 10:36am Jan 8, 2013 10:36am
Quoting erasmus66
i'm with interactive brokers - expains the diff. good trade btw - have you revised sl to entry?
Trade ended at BE although at peak up 10 pips.
  • #1,665
  • Jan 8, 2013 10:58am Jan 8, 2013 10:58am
Also shorted at 70 got out at + 7 todays net +5 1% trading was tough today semi selective trades need to do better
  • #1,666
  • Jan 8, 2013 11:09am Jan 8, 2013 11:09am
A little note about managing trades in this case price went down to 56 so being up 13 doesn't mean you have to give all back taking 7 1/2 pops equals 1 1/2% it's all about accumulating money right?
  • #1,667
  • Jan 8, 2013 12:19pm Jan 8, 2013 12:19pm
Quoting fxpivots
A little note about managing trades in this case price went down to 56 so being up 13 doesn't mean you have to give all back taking 7 1/2 pops equals 1 1/2% it's all about accumulating money right?
I took the short also. Out at -6 pip.
I did not do a very good job of managing the trade.
I was very indecisive about what I was going to do for some reason.
I think it was because I was unsure of taking the trade in the first place!

I was looking to move to B/E at 10 pip, almost had it. I thought it might give another push down so I held on.
When I thought of taking partial profit it was to late, already back at B/E. Should have just closed then.

Oh well, on to the next!
Attitude can reflect outcome in life and trading!
  • #1,668
  • Jan 8, 2013 7:22pm Jan 8, 2013 7:22pm
I thought peeps were taking bad trades earlier so i came home and made a chart, but when i just reread the thread turns out we shared in the profits today.

Here's the chart anyway
Attached Image (click to enlarge)
Click to Enlarge Name: EU 2013-01-08 pivs.jpg Size: 182 KB
  • #1,669
  • Jan 8, 2013 11:00pm Jan 8, 2013 11:00pm
GL, actually after reviewing yesterday, 75 short at 10 am would be a proper and win entry good for 19-20 pips. (75 number and 23.6 fib)
  • #1,670
  • Jan 8, 2013 11:13pm Jan 8, 2013 11:13pm
Quoting fxpivots
Also shorted at 70 got out at + 7 todays net +5 1% trading was tough today semi selective trades need to do better
FX, this shows that the third part of Wait-Execute-Manage is the most important.

Many of us had the same entry, but outcome is different....
  • #1,671
  • Jan 8, 2013 11:53pm Jan 8, 2013 11:53pm
Quoting snail69
GL, actually after reviewing yesterday, 75 short at 10 am would be a proper and win entry good for 19-20 pips. (75 number and 23.6 fib)
I didn't put that because of the lows 70 lows that occured between 8:30 and 9:30. That area could have been the sessions low. I prefer to take the trade after the break of that area.
  • #1,672
  • Jan 9, 2013 12:10am Jan 9, 2013 12:10am
You guys still up
  • #1,673
  • Jan 9, 2013 12:23am Jan 9, 2013 12:23am
Quoting fxpivots
You guys still up
Already... LOL 2:23 pm here
  • #1,674
  • Jan 9, 2013 12:55am Jan 9, 2013 12:55am
Quoting fxpivots
You guys still up
Daughter won't go to sleep.
  • #1,675
  • Edited 2:31am Jan 9, 2013 2:01am | Edited 2:31am
Sell on euro for me. Attached is the chart.

Edit: Stopped at break even on this one.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 158 KB
PIP'N
  • #1,676
  • Jan 9, 2013 2:49am Jan 9, 2013 2:49am
Here is my next trade. See attached.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD1.jpg Size: 159 KB
PIP'N
  • #1,677
  • Jan 9, 2013 3:34am Jan 9, 2013 3:34am
okay, well after just missing my take profit, I was stopped out on the euro long.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD2.jpg Size: 167 KB
PIP'N
  • #1,678
  • Jan 9, 2013 4:09am Jan 9, 2013 4:09am
Quoting golferguy99
okay, well after just missing my take profit, I was stopped out on the euro long.
Why you did not take some pips ?
  • #1,679
  • Jan 9, 2013 4:32am Jan 9, 2013 4:32am
I am seeing consolidation (a tight range of approx. 22 pips).
I would like to see a break out and retest before entering.

I only see 2 potential trades in that mess.
The first you might have got 15 if you were able to hold during a small draw down.
The second you might have been able to go for a 10 pip trade to the bottom of the range.

Just to messy for me. I am going to catch some sleep (2:30 am for me) and see what the early US session has to offer.

Attached Image (click to enlarge)
Click to Enlarge Name: 1-9-2013 2-09-29 AM.jpg Size: 103 KB
Attitude can reflect outcome in life and trading!
  • #1,680
  • Jan 9, 2013 7:31am Jan 9, 2013 7:31am
Anybody short 30647 ?
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