The 5 minute TF S&R trading system

Hey Eras. Have you started with your forward tests yet?

hi gl,

still working on it. have learnt a lot from you, fx, and snail. i started back testing and included a lot of trades that had a 2b followed by 123 pattern(thanks to you all for pointing this out to me). hence i scrapped that set of results.

the more reliable signals seem to have s&d areas prior to giving their signal so have been looking at this also(credit gl/fx).

also been analysing the 2b reversal pattern(seems as successful as continuation pattern to me)

i'm looking at years 2008 to present which is a lot of data.

i'll post up my findings as soon as i'm done and we can discuss.

cheers,

john

fx,

do you look for supply area for 2b reversal trades too? e.g.

I look for the pattern first usually s and d are un same area as a good confirmation u am goung in the right direction

It might be only thing is we have a 123 at top I would let things play out first not a selective one

cheers fx

As I look it 40 is the entry

Good day all !

Pending short @1.35447 changed to 1.35276

FX is it also SD level ?

Missed entry as per FX system by 7 pipets .... short after spining top @ 35191 - closed at BE

Bad trade by me what was I thinking out at -3 pips about 0.5%

27 short

That's more like it 3% wim

FX why 27 ? Oanda shows 278 as close.

Snail I started to round off the number to insure entries dont like missing by a pip.and erasmus I don't look at yesterdays anything it so happens that it was the same as current trend and then pulled back.and supply area was there also

What time zone are you in? My 8:30 bar shows a close at 286

Oanda Singapore

Whats your price on the circled bar?

GL will check morning our time. Now on ipad. All closed already. Amost midnight.