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The 5 minute TF S&R trading system

  • #1,941
  • Feb 5, 2013 9:46am Feb 5, 2013 9:46am
Good looking you are correct didn't have glasses on thought it wait 278 which means I enter at 27. Closing price was indeed 286 so entry should have been 28 price did pullbacks to 28 so no harm no foul
  • #1,942
  • Feb 5, 2013 10:00am Feb 5, 2013 10:00am
There was a 2b break pullback at 25 that won everyone see it
  • #1,943
  • Feb 5, 2013 10:12am Feb 5, 2013 10:12am
Ah ok. I was beginning to think Oanda was quoting different prices to different people.

I took that trade, but i was in a little lower.
  • #1,944
  • Edited 10:25am Feb 5, 2013 10:12am | Edited 10:25am
fxpivots,

Please did you trade the attached that occured about an hour ago? Just wish to verify is a valid trade.

Thanks for your assistance.

Quoting fxpivots
Good looking you are correct didn't have glasses on thought it wait 278 which means I enter at 27. Closing price was indeed 286 so entry should have been 28 price did pullbacks to 28 so no harm no foul
Edit: can see has been answered. didn't refresh the page before posting
Attached Image (click to enlarge)
Click to Enlarge Name: feb13-05.gif Size: 72 KB
  • #1,945
  • Feb 5, 2013 10:28am Feb 5, 2013 10:28am
Fosters that's the one good eye
  • #1,946
  • Feb 5, 2013 11:04am Feb 5, 2013 11:04am
Quoting fxpivots
Fosters that's the one good eye
  • #1,947
  • Feb 6, 2013 12:52am Feb 6, 2013 12:52am
Quoting Good Lookin
Whats your price on the circled bar?
Well my MT4 Oanda bar shows different.
Attached Image (click to enlarge)
Click to Enlarge Name: eur miss.jpg Size: 149 KB
  • #1,948
  • Feb 6, 2013 7:04am Feb 6, 2013 7:04am
sold 3527 and +15 win
  • #1,949
  • Feb 6, 2013 8:02am Feb 6, 2013 8:02am
Quoting snail69
Well my MT4 Oanda bar shows different.
Oanda MT4 displays the bid price by default while FXtrade shows the midpoint between the bid and the ask.
  • #1,950
  • Feb 6, 2013 8:07am Feb 6, 2013 8:07am
Quoting snail69
sold 3527 and +15 win
snail69,

nice one for you.
did you execute a late entry or should the entry not be at about 1.35238 as shown? also please what's the stop loss since it was in drawdown of about 12.3pip + spread.

thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: feb13-06.gif Size: 60 KB
  • #1,951
  • Feb 6, 2013 8:23am Feb 6, 2013 8:23am
to get correct oanda price on fx trade put it to closing price which after looking again was 279 hmmmm? it seems there mt4 and fxtrade are different yesterday it was 286
  • #1,952
  • Feb 6, 2013 8:55am Feb 6, 2013 8:55am
Quoting fxpivots
to get correct oanda price on fx trade put it to closing price which after looking again was 279 hmmmm? it seems there mt4 and fxtrade are different yesterday it was 286
ok will get oanda fxtrade. thks.

p.s will 15pip +spread stop loss still be ok ?
  • #1,953
  • Feb 6, 2013 9:34am Feb 6, 2013 9:34am
Its 15 total say long is 35 add 1.1 so entry is 361 target 511 no trades for me today a sideways deal in my book
  • #1,954
  • Feb 6, 2013 10:04am Feb 6, 2013 10:04am
Quoting fosters
snail69,

nice one for you.
did you execute a late entry or should the entry not be at about 1.35238 as shown? also please what's the stop loss since it was in drawdown of about 12.3pip + spread.

thanks.
Price was on Oanda MT4 and drawdown was 8.7 pips . Placed market order as I spotted set up just in time on its way down.
  • #1,955
  • Feb 6, 2013 10:39am Feb 6, 2013 10:39am
Quoting fxpivots
Its 15 total say long is 35 add 1.1 so entry is 361 target 511 no trades for me today a sideways deal in my book
i understand. thanks for your insight

Quoting snail69
Price was on Oanda MT4 and drawdown was 8.7 pips . Placed market order as I spotted set up just in time on its way down.
got it. thanks
  • #1,956
  • Feb 7, 2013 8:02am Feb 7, 2013 8:02am
Dragi must be saying things he aught not to unless he wants euro to drop
  • #1,957
  • Feb 7, 2013 8:23am Feb 7, 2013 8:23am
61 looks like a possible entry to go short but after market moved more than 100 pips ????
  • #1,958
  • Feb 7, 2013 8:27am Feb 7, 2013 8:27am
Quoting fxpivots
Dragi must be saying things he aught not to unless he wants euro to drop
That or nobody likes the irish
  • #1,959
  • Feb 7, 2013 8:29am Feb 7, 2013 8:29am
do you mean notre dame? lol
  • #1,960
  • Feb 7, 2013 8:48am Feb 7, 2013 8:48am
Well as it turns out, price got to 59 and paid. 2 pips away from 61
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