The 5 minute TF S&R trading system

so you can see the charts tell you where the orders are. The info Good looking has shared inconjuction with this method corresponds. This approach to trading by following the operators shows us with a high probability where the sell and buy orders are so...... why not listen to them for they are smarter than us that's for sure.

Any questions regarding these charts

So with no questions I would assume you all now Know how to trade profitably.

Hi fxpivots, I just started reading your thread. Thanks for sharing this elegant method. Would you mind explaining what you saw on March 26th?

During my session there was no trade market pretty much stayed in a 37 pip range. You want to be selective in the trades you take my win rate is extremely high like 90% you only need 7 wins a month to make 20% or a combination of 2% wins 3% wins look for trends then trade pullbacks off line chart close price. Or if trend is coming to an end is there a 123 or 2b or both. Or if market is sideways wait for breakout and pullback

Thanks for your reply and do you still make a second trade after a loss? If so could you explain that process as well? Thanks in advance.

if I have a full3% loss (which is very very rare I like my money to much) I am done for day. Maybe 1 loss like that evry other month or so I watch market when price is going against me and see if other areas of s and r are there to stop my loss. so if I get down say 8 pips I am looking to get back to B E if not I will take a 1% loss. Just follow the yellow brick road. Remember entering a trade is the easy part exiting the trade gives you the results so managing a trade is the key to trading not indicators pivot points etc its you watching what market tells you. In short I look for the 1 trade to get my profit for the day and I am done I am a sniper

take a look at todays chart

I am still in the process of learning this method. The current trend is up so we look at the last high on the left an we draw a horizontal line. Once price comes back to the line at 1.2794 we buy. SL and TP of 13 pips. Your comments are welcomed.

Now price retraced and continued to move up and formed another high near 1.2804. Do we need to scrap the previous level at 1.2794 and reset our buy order for 1.2804 once we get two candle closes above this new level?

Edit: Looks like we didn't get two closes above the new level so the original level is still in play.

My long order got filled. My SL and TP is set but I don't hesitate to close early if price keeps on stalling.

i see it has already formed a 123 pattern

That is why I am watching this trade like a hawk. After entry it is good to see momentum which isn't present as of now. The entry price seems to be the line in the sand. There she goes, SL moved to +2.

Trade hit target. I am finished trading for today.

amazing how simple fx has made it. "so easy even a caveman could do it"

Hi fxpivots, I spent yesterday and today reading this thread. I hope you stick around so we can all learn from you. I plan on being a regular here. Thanks

How do I post my charts?

Once you make a post, scroll down below the box on the left corner and you see Attach Files and there you go.

Hi guys well this was one I stayed away from glad whoever took it won. Yes the last high of 92 before price went up then is formed a 123 where 2 point is 95. This scenario is a squeeze play because the market is saying there is a potential trend change and yet the trend is up only 3 pips separated the long at 92 or the short at 95 I need at least a 10 pip separation to give me a chance to make some money and that is why I didn't take trade

Hi FX, I think there are probably more people than you realise following this thread and I'd like to thank you for your time spent on the thread and hope you don't leave. It's a great way to trade.