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The 5 minute TF S&R trading system

  • #2,161
  • Mar 1, 2013 7:00am Mar 1, 2013 7:00am
Snail I saw 2 short winning trades one at 45 the other at 30
  • #2,162
  • Mar 1, 2013 7:58am Mar 1, 2013 7:58am
Quoting fxpivots
Snail I saw 2 short winning trades one at 45 the other at 30
Correct FX , was not around.
  • #2,163
  • Mar 1, 2013 8:01am Mar 1, 2013 8:01am
Quoting snail69
London session:

1 trade -15 price zoomed after a while to SL

2 trade +15 waited to enter at market, price moved fast but still enough to get full win, then unable to revert as move was instant

Lets see what US will bring us.
wouldn't have taken the 1st trade. Entry for this one was at London open. I think of London open like a news event. It can get wild pretty quickly.

The second may have been taken at my discretion.
I would have taken it because of the 123 at the top there from 3:15 to 3:35. Since this 123 didn't have a retest of 2 yet then i would take it just like you did close my position and then reverse it for that 123.
If that situation played out any other way i would not have taken it. If there was any type of sustained pause on the way down from the top of 3:15 to 3:35 123 then i would not have taken it.

There were more trades as well as fx stated. Good trading none the less.
  • #2,164
  • Mar 1, 2013 8:46am Mar 1, 2013 8:46am
Quoting Good Lookin
wouldn't have taken the 1st trade. Entry for this one was at London open. I think of London open like a news event. It can get wild pretty quickly.

The second may have been taken at my discretion.
I would have taken it because of the 123 at the top there from 3:15 to 3:35. Since this 123 didn't have a retest of 2 yet then i would take it just like you did close my position and then reverse it for that 123.
If that situation played out any other way i would not have taken it. If there was any type of sustained pause on the way down from the top...

Thank you GL for your comments. They are valuable to me.
  • #2,165
  • Mar 4, 2013 8:19am Mar 4, 2013 8:19am
I will short at 06 if it comes back
  • #2,166
  • Mar 4, 2013 8:38am Mar 4, 2013 8:38am
Abc trade ended in +10 ( GL trade management )
  • #2,167
  • Mar 4, 2013 9:03am Mar 4, 2013 9:03am
I did not enter short as it didn't come back to 06 clean but formed a 123
  • #2,168
  • Mar 4, 2013 9:16am Mar 4, 2013 9:16am
Quoting fxpivots
I did not enter short as it didn't come back to 06 clean but formed a 123
That abc for long was good for 15, did not pull trigger though.
  • #2,169
  • Edited 10:41pm Mar 4, 2013 10:20pm | Edited 10:41pm
Gerry, for you and others as well.
Attached File(s)
File Type: ex4 !XPS v8 CLOCK.ex4   23 KB | 559 downloads
File Type: ex4 SweetSpots.ex4   4 KB | 548 downloads
File Type: ex4 #Daily-Weekly-Monthly Hi-Low.ex4   25 KB | 622 downloads
  • #2,170
  • Mar 5, 2013 8:04am Mar 5, 2013 8:04am
If nothing changes I will buy 35
  • #2,171
  • Mar 5, 2013 8:13am Mar 5, 2013 8:13am
Things changed
  • #2,172
  • Mar 5, 2013 8:43am Mar 5, 2013 8:43am
Abc up and news soon.
  • #2,173
  • Mar 6, 2013 8:54am Mar 6, 2013 8:54am
If it comes back to 25 clean i will sell
  • #2,174
  • Mar 6, 2013 8:49pm Mar 6, 2013 8:49pm
FX and GL. Love you guys !
Attached Image (click to enlarge)
Click to Enlarge Name: eu 06-3-2013.gif Size: 56 KB
  • #2,175
  • Mar 7, 2013 6:34am Mar 7, 2013 6:34am
First entry, was not sure about set up - pass.

Second entry, this is a mistake - missed it. Need to improve reading skills.

Third entry - GL style - ok. +10


As we are close to news ECB rate, exited as soon as reached 10 pips. Also close to 76.4% retracement plus 250 round number, not mention that price stalled at that place on the way down.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 07-3-2013.gif Size: 53 KB
  • #2,176
  • Mar 7, 2013 7:35am Mar 7, 2013 7:35am
Quoting snail69
Gerry, for you and others as well.

Thanks Mate!


  • #2,177
  • Mar 7, 2013 8:04am Mar 7, 2013 8:04am
61 looks like the number
  • #2,178
  • Mar 7, 2013 8:37am Mar 7, 2013 8:37am
Now its 86
  • #2,179
  • Mar 7, 2013 8:39am Mar 7, 2013 8:39am
Quoting fxpivots
Now its 86
It was bounce off yesterday high.
  • #2,180
  • Mar 7, 2013 9:20am Mar 7, 2013 9:20am
A tough nf week
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