The 5 minute TF S&R trading system

yes if you useline chart you will see it clearer

cheers fx - appreciated

nice work today fx and gl--keep educating (saving others from giving their money away)

fx, do higher lows/lower highs during consolidation always affect the entry? e.g.

don't konow what the stats are on revising entry but here's one that costs you a win:

will try and work out the effect of revising entry based on higher low or lower high during consolidation - what are your findings for this analysis fx?

I also appreciate all of your efforts. It is tough for me to trade the 5 min due to time differences and work hours. But I do follow this thread and trade the 123 pattern on the daily charts

Erasmus good charts and good findings though you missed a few entrys.. One thing when backtesting though we look for patterns with line charts you want to check data box to see if price triggers trade. Line charts just give close price only..when price consolodates and just shoot down then its just last low. But it seems you have nailed it. You only need 7 good trades a month to make 20%. Just check the stats from sept when i started posting again you will see around 20% profit every month so do the monthly compound math with say 20000 and you will be amazed. I say all this because i am no genius or guru just a regular guy like you all and if i can do anyone can! here is your charts with a few extras it looks lame did it through paint

Just woke up looks like there was a trade 2he's ago 22short

FX, question about potential entries...

- yesterday, 29310 around 8:30 am EST, long - valid ?

- today, 29315 around 4:15 am EST, short - valid ?

Snail yesterday long yes I took 123 @ top short both won today yes that was valid

FX, thanks. I said have not managed your system, but will not stop trying.....

getting late but 01 short is the number

look like 99 entry instead o well

fx, i make the entry 1.29020 as given by the higher low during consolidation

it was actually 017 but i go with 01 but it went to only 99 before going down now it formed 123 so all bets are off for me

my last post does it now make sense why i just didnt hold till price came back again to 01. the chart told me via a 123 after a downtrend that there was a potential trend change. price then broke 2 point and had 2 closes above 99 which was 2 point of 123 and it pulled back and then went to target. price action personified