The 5 minute TF S&R trading system

looks like that area at 46 was entry I didn't take it because it really wasn't a pullback but a small sideways pause

34 short was last pullback

stop to b e looking to take profit

closed with +4 for 1%

strange month didn't put first trade on till march 14 now been on a very nice streak up 15% on the month I would have been happy with 10% the way things started. Looks like I bailed to early it just hit target

Am new to the forum. Can you post your chart and show were you entered. I don't see the entry.

chart setup

Thanks.

cheers fx

Pretty messy time to wait

Almost traded the 54 long wish i did but it wasnt one of those selective trades

Took the 85 short in managing mode

closed with +8.5 for 2 %

Good job FX ! So you got your monthly target already.

with month coming to a close my mindset has always been take what you can get to reach the goal of 20% a month in profit. So now at 17% puts me in good position to reach it. Well been posting since sept of 2012 called some live trades along the way shown charts kept you abreast of monthly progress which has averaged 20% each and every month I compound at the end of the month so you can just do the math taking any starting number and see what you would have made had you traded this way. there really isn't anymore I can say I am contemplating hanging up the forex factory as it seems its just me and you TB so if there is anything you need to learn let me know as it seemed everyone else has gone the way of the indicator,pivot point etc

How do you decide when to close before the profit target is reached?

really enjoying this "no indicator" way of thinking, really enjoy getting ur outlook, keeping up with the forum must take alot, would hate to see you go, but understand if ur fed up with it

Its not that I am upset people can chose to lose anyway they want. The bible says that pride goes before the fall so if people think that they can succeed in trading without a well thought of money management plan and a viable execution method well in my opinion that's PRIDE and as the song goes a fool and his money..........

traderg when I am at the close of the month and in reach of my monthly goal of 20% I get very tight with profits. Since I trade to make 3%per trade based on 13 pip target every 4.5 pips I pick up 1% but as a rule when I get up say 9pips I move stop to breakeven if it get higher I will lock in 2%. Money in the pocket is yours no one elses if you want to keep it zipper up

Listen everyone am I saying the way I trade is the only way to make money in forex absolutely not. I have just shown you its one of them. I can guarantee 1 thing though there is not one indicator pivot point etc posted on the trading sytems here that has proved to be consistent in last 8 months to generate 20% a month so I ask you why do people gravitate to those threads? Answer is they don't want to learn to trade they only want to make money as if they think they deserve to without putting in any work. Good looking posting awhile ago and just think about it brokers let you trade your $1 to there $50 right and they give you every indicator in the world and they say they love you and want you to win do you believe that? So unless you are able to follow the who ever the entity that is moving price you will be eaten alive. Don't forget the brokers gave you the indicators pivot points open price fibs etc so you could win RIGHT!!!!