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The 5 minute TF S&R trading system

  • #2,481
  • Apr 9, 2013 9:29am Apr 9, 2013 9:29am
2b long 1.3048?
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  • #2,482
  • Apr 9, 2013 9:32am Apr 9, 2013 9:32am
No I bailed on the bounce at 51. My target for that test was 2% at 54 which was 2 point of 2b unfortunately head wasn't in game price finally hit 2b and I should have short
  • #2,483
  • Apr 9, 2013 9:35am Apr 9, 2013 9:35am
When there are 2 possible senarios write them down I usually do but not today tired went to bed late
  • #2,484
  • Apr 9, 2013 9:39am Apr 9, 2013 9:39am
Quoting fxpivots
No I bailed on the bounce at 51. My target for that test was 2% at 54 which was 2 point of 2b unfortunately head wasn't in game price finally hit 2b and I should have short
Yeah would have hit targets on both. I just got the first up to 54 should have gone short then as well.
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #2,485
  • Apr 9, 2013 9:42am Apr 9, 2013 9:42am
Only look at 123 or 2b at the end of trends so if trend is down like this morning and we push down 1 more time and don't get a clean pullback to are but a 123 forms wait for confirmation trend has indeed change. If it has you can trade the pullback as pa advances
  • #2,486
  • Apr 9, 2013 9:55am Apr 9, 2013 9:55am
Quoting fxpivots
Only look at 123 or 2b at the end of trends so if trend is down like this morning and we push down 1 more time and don't get a clean pullback to are but a 123 forms wait for confirmation trend has indeed change. If it has you can trade the pullback as pa advances
thnaks fx
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  • #2,487
  • Apr 9, 2013 12:05pm Apr 9, 2013 12:05pm
this day from 2008 looks ineteresting - the first 123 trade loses and the second wins. Is the 2nd trade signal legitimate?
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  • #2,488
  • Apr 9, 2013 12:06pm Apr 9, 2013 12:06pm
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd18Nov08.GIF Size: 30 KB
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  • #2,489
  • Apr 9, 2013 12:15pm Apr 9, 2013 12:15pm
Erasmus where you have your.first point 2 is sameplace where pullback was to go short so tgat would have happened first
  • #2,490
  • Apr 9, 2013 12:18pm Apr 9, 2013 12:18pm
thanks fx - would you take subsequent 123?
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  • #2,491
  • Apr 9, 2013 1:03pm Apr 9, 2013 1:03pm
Where you have buy here yes
  • #2,492
  • Apr 10, 2013 6:26am Apr 10, 2013 6:26am
morning all
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  • #2,493
  • Apr 10, 2013 6:34am Apr 10, 2013 6:34am
anyone's take on whether the following signals from july 2011 are valid:
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  • #2,494
  • Apr 10, 2013 6:34am Apr 10, 2013 6:34am
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd12Jul11a.GIF Size: 38 KB
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  • #2,495
  • Apr 10, 2013 7:11am Apr 10, 2013 7:11am
Quoting erasmus66
anyone's take on whether the following signals from july 2011 are valid:
Hi erasmus66, your setups seems to be legit. Keep in mind that the recommended trade time is from 7 to 11 US Eastern time. We also don't trade 30 minutes prior to big news. The problem with back testing is that when you look at old data you don't know if a failed setup was due to news or other factors. Please don't get me wrong back testing has its merit for pattern recognition but forward testing is the way to go since fxpivots has proven that this method has worked in the past and is still working. Happy Pipping.
Trading can't be taught but it can be learned
  • #2,496
  • Apr 10, 2013 7:11am Apr 10, 2013 7:11am
does anyone know what happened to eur/usd at 7:45, how come it dropped to fast??
  • #2,497
  • Apr 10, 2013 7:26am Apr 10, 2013 7:26am
Quoting AndyC
does anyone know what happened to eur/usd at 7:45, how come it dropped to fast??
Hi AndyC, BOJ's Kuroda was talking about fx rates not a target of monetary policy.
Trading can't be taught but it can be learned
  • #2,498
  • Apr 10, 2013 7:54am Apr 10, 2013 7:54am
Quoting Pipsninja
Hi AndyC, BOJ's Kuroda was talking about fx rates not a target of monetary policy.
thanks Pipsninja
i thought it was a 123 break pullback to 2 then entry long, it just suddenly dropped after i bought it
and usd/jpy as well, sign
  • #2,499
  • Apr 10, 2013 8:17am Apr 10, 2013 8:17am
Quoting Pipsninja
Hi erasmus66, your setups seems to be legit. Keep in mind that the recommended trade time is from 7 to 11 US Eastern time. We also don't trade 30 minutes prior to big news. The problem with back testing is that when you look at old data you don't know if a failed setup was due to news or other factors. Please don't get me wrong back testing has its merit for pattern recognition but forward testing is the way to go since fxpivots has proven that this method has worked in the past and is still working. Happy Pipping.
cheers pips - by forward testing do you mean trade on a demo account for a while?
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  • #2,500
  • Apr 10, 2013 8:18am Apr 10, 2013 8:18am
looks like 2b forming
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