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The 5 minute TF S&R trading system

  • #2,281
  • Mar 22, 2013 8:02am Mar 22, 2013 8:02am
Quoting njokie
formed a pin at entry am toast.....no worries

Do not panic, you have double top there. And that is not a pin per se.....
  • #2,282
  • Mar 22, 2013 8:05am Mar 22, 2013 8:05am
You will it's really not that hard with a little practice
  • #2,283
  • Mar 22, 2013 8:06am Mar 22, 2013 8:06am
Quoting snail69
Do not panic, you have double top there. And that is not a pin per se.....

am still in i want to trade without emotions and see how it will go....its a nice strategy
Attached Image (click to enlarge)
Click to Enlarge Name: eu22nd.png Size: 25 KB
thankyou gregwilson
  • #2,284
  • Edited 8:21am Mar 22, 2013 8:08am | Edited 8:21am
Quoting njokie
am still in i want to trade without emotions and see how it will go....its a nice strategy
You should be ok here.

And you have it now !!! Good. Enjoy.
  • #2,285
  • Mar 22, 2013 8:09am Mar 22, 2013 8:09am
Quoting fxpivots
You will it's really not that hard with a little practice
thenx for the encouragement i notice uve been in this biz longer than me it would be wise of me to practise and learn from you
thankyou gregwilson
  • #2,286
  • Mar 22, 2013 8:18am Mar 22, 2013 8:18am
The key is to make money not pips and I mean by that is % per trade. My goal is to make 3% of acct in each trade but sometimes I take profit at.2% or even 1% based on what's happening. In short I am just trying to follow the? whose moving the market
  • #2,287
  • Mar 22, 2013 8:28am Mar 22, 2013 8:28am
price has gone to 1.29401 and my tp was 1.29414 whats happening
thankyou gregwilson
  • #2,288
  • Mar 22, 2013 8:31am Mar 22, 2013 8:31am
Quoting njokie
price has gone to 1.29401 and my tp was 1.29414 whats happening
am using axi trader
Attached Image (click to enlarge)
Click to Enlarge Name: eu22nd.png Size: 28 KB
thankyou gregwilson
  • #2,289
  • Mar 22, 2013 8:33am Mar 22, 2013 8:33am
Quoting fxpivots
The key is to make money not pips and I mean by that is % per trade. My goal is to make 3% of acct in each trade but sometimes I take profit at.2% or even 1% based on what's happening. In short I am just trying to follow the? whose moving the market



KEY IS TO MAKE MONEY NOT PIPS i shd drill that in my head ...i think with time al be able to know when to wak away with few pips
thankyou gregwilson
  • #2,290
  • Mar 22, 2013 8:49am Mar 22, 2013 8:49am
We broke consolidation we had 2 closed below 47 so the entry would be 47 on the pullback everyone see that
  • #2,291
  • Mar 22, 2013 8:55am Mar 22, 2013 8:55am
theyre starting to jump off the page a little, thanks for the continuing education
--then it came down to the resistance turned support, u took the long off earlier
  • #2,292
  • Mar 22, 2013 9:17am Mar 22, 2013 9:17am
AT 47 was a short i beleive
thankyou gregwilson
  • #2,293
  • Mar 22, 2013 9:29am Mar 22, 2013 9:29am
Excellent TB you got it. So in this case we take 2% cause that's what chart is telling.G us
  • #2,294
  • Mar 22, 2013 4:38pm Mar 22, 2013 4:38pm
fx, when we get a 2b without it be followed by a 123 do we still trade the reversal? If so, do we wait for 2 consecutive closes beyond the 2b point and then wait for a pull back. Here's an example:
Become the casino
  • #2,295
  • Mar 22, 2013 4:40pm Mar 22, 2013 4:40pm
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd14Nov08.GIF Size: 29 KB
Become the casino
  • #2,296
  • Mar 22, 2013 4:49pm Mar 22, 2013 4:49pm
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd14Nov08a.GIF Size: 33 KB
Become the casino
  • #2,297
  • Mar 22, 2013 8:48pm Mar 22, 2013 8:48pm
Tes Erasmus
  • #2,298
  • Mar 25, 2013 8:12am Mar 25, 2013 8:12am
Just no pullbacks
  • #2,299
  • Mar 25, 2013 8:23am Mar 25, 2013 8:23am
obviously hindsight is 20/20, but what was ur thought on the possible short at 95, 84 seemed like good support so i stayed out
  • #2,300
  • Mar 25, 2013 8:26am Mar 25, 2013 8:26am
once low was taken out we have been waiting for a pullback entry only problem the price hasn't come up to pullbacks
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