The 5 minute TF S&R trading system

Never thought it would happen but at long at 42 produced my first trade of the monrh

Lots of news today pick your spots

Buy at 67 or sell 88

Stop to be looking to take profit

Target hit

not many on FF have the confidence in their methods to make live calls, well done

Thanks steickly I have been doing this for quite awhile. Based on the way market is
have reduced stop and target to 13 for 3% wins to

nice work, march yielding 2 days in a row

Yes Tb it's been a tough month so far got 10 days to get 3 to 5 wins

Hi FX,

Just wanted to say thank you for an awesome thread. Pure PA using S/R is what I have been focusing on for quite some time now and your strategy is just a beautiful example of it in action.

I trade a similar strategy on longer time frames where you take the first retest of a break out of a significant level, and generally place the stop just below the candle that thrust through the resistance (in the case of a long). This leads to pretty sweet R/R in some cases but not looked at it on the 5m yet

Cheers

Andy

61 looks likes the number

There was a quick win 3 days in a row

Well look at that 2 wins from 61 so if you missed first trade you caught second

u got to 61? 58 was my high on both pushes up (oanda)--took a short on the 1st and only got to +13, should of locked in profit, but got taken out at BE

I had mentioned last week I have reduced stop and target to 13 based on recent market conditions

Since Oanda has changed some of it's practices as well as spreads I had moved my acct to ibfx Feb 1 so now charts and entry are visible

For those interested if nothing changes 32 is the number

Well anyone get this trade?

Been 6 months since you started up again in sept. Still callin it live. Still capturing pips. Still being selective. Good job.

Thanks GL thats what obeying objective rules can do for you