The 5 minute TF S&R trading system

At 10 pips i move my stop to break even. At 13 pips i move my stop to 10 pips, at 14 pips i move my stop to 13 pips.
Moral of the story is don't be afraid to take it early!

GL will use it. Well thought.

When theres no news market has no fuel to move the way we need it

My method is at 1:1 risk/reward move to break even +1 which I did. Then I either hit target of 1:2 or get stopped out. This allows me to be more mechanical about profit taking and not trading emotionally.

Short 30460

just sold @ 1.30470

selling at 47 to me was not a selective trade only 10 pips from low to low

I am confused here. There was no peak in the way below.

Edit: 2 days ago there is ... Out for +1

I didn't take it because the 12:00 GMT and 14:20 GMT bars created some pretty major divergence.

snail when price made low of 46 then pulled back it went into consolidation for 2 hrs then it broke out and went down to 36. if it was an uninterrupted trend then i have no problem but this was not the case. remember a trend is a trend and consolidation is not rules change in that on breakouts we need to wait for confirmation that breakout is real then if it is execute and manage there i used your montra. It seems these moves are happenning at end of our session when volitility slows down and with no news trends have no steam need to be patient

U.S. session price action h- 63 L-36 not much to work with

FFJ - true , substantial divergence

FX - thanks for explanation

b/e

Here is first trade of tonight. Already got to break even.

Got to break even as posting last post.

Target hit on trade.

Here is next trade.


Edit: break even on this trade.

Edit: stopped out at break even.

Here is third trade. Took this one on a very small break of resistance.

Here is trade update. At break even now.

Trade hit take profit.