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The 5 minute TF S&R trading system

  • #2,501
  • Apr 10, 2013 8:21am Apr 10, 2013 8:21am
you telling me no one took 81 short trade?
  • #2,502
  • Apr 10, 2013 8:25am Apr 10, 2013 8:25am
simple trend pullback By the way when I was backtesting this before going live 4 yrs ago I painfully checked each days news made sure of daylight saving time I took everything into consideration. My results then were good for me to go and I am still going
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  • #2,503
  • Apr 10, 2013 8:33am Apr 10, 2013 8:33am
I took a short @ 82 based on my platform fxpivots.
Trading can't be taught but it can be learned
  • #2,504
  • Apr 10, 2013 8:34am Apr 10, 2013 8:34am
Quoting erasmus66
cheers pips - by forward testing do you mean trade on a demo account for a while?
Yes, nothing beats live Price action watching.
Trading can't be taught but it can be learned
  • #2,505
  • Apr 10, 2013 8:35am Apr 10, 2013 8:35am
good for you pipsninja at least 1 of you made money today
  • #2,506
  • Apr 10, 2013 8:37am Apr 10, 2013 8:37am
didn't think there was enough room to make tp - less than 5 pips - don't we need at least 13?
Attached Image (click to enlarge)
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  • #2,507
  • Apr 10, 2013 8:47am Apr 10, 2013 8:47am
the trend just started after breakout this was first pullback there would have been time to bail if it bounced. the thing you missing to see if there is enough room is when we are faced with the double senario
  • #2,508
  • Apr 10, 2013 8:54am Apr 10, 2013 8:54am
sorry fx, i don't understand
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  • #2,509
  • Apr 10, 2013 9:09am Apr 10, 2013 9:09am
heres a chart
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  • #2,510
  • Apr 10, 2013 9:25am Apr 10, 2013 9:25am
many thanks fx - so we only need to see if there is enough room if we have a conflicting signal(in this case a 123), otherwise don't need to see if there is enough room(like today)
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  • #2,511
  • Apr 10, 2013 9:53am Apr 10, 2013 9:53am
yes that's correct most of the time. The thing is a you have seen my trades there are extremely very few losses so keep that in mind, nothings perfect.
  • #2,512
  • Apr 10, 2013 10:21am Apr 10, 2013 10:21am
i keep finding out new things as i go and have to rejig my results, but keeping on going over the graphs is a great way to learn. Your results are the best i've ever come across - didn't realise that you'd been going for 4 years - well done and keep going
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  • #2,513
  • Apr 10, 2013 2:56pm Apr 10, 2013 2:56pm
say trend is down but price stutters before fully breaking out - which entry should we take?

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  • #2,514
  • Apr 11, 2013 7:36am Apr 11, 2013 7:36am
where enter here is and then a 123 formed
  • #2,515
  • Apr 11, 2013 7:50am Apr 11, 2013 7:50am
if it comes back clean 18 short
  • #2,516
  • Apr 11, 2013 7:58am Apr 11, 2013 7:58am
morning fx, can i ask you a question?
i remember you said we dont trade about 15 or 30 mins before news come out, am i right?
but after news come out, how long we should wait for the news movement to cooldown then we can trade again?
im still learning this method, i found this method is quite good, but im still in a learning process.
thanks
  • #2,517
  • Apr 11, 2013 8:08am Apr 11, 2013 8:08am
and there is a support level at 88
we should long there once it hit 88
right?
sorry for keep disrupting you
  • #2,518
  • Apr 11, 2013 8:15am Apr 11, 2013 8:15am
Quoting AndyC
and there is a support level at 88 we should long there once it hit 88 right? sorry for keep disrupting you
Hi AndyC, your level doesn't have anything to do with the system traded here. But there are systems that would take a trade at your mentioned level. We are in a downtrend currently so we are looking for a short trade unless we get a trend reversal pattern such as 123 or 2b pattern.
Trading can't be taught but it can be learned
  • #2,519
  • Apr 11, 2013 8:20am Apr 11, 2013 8:20am
Quoting Pipsninja
Hi AndyC, your level doesn't have anything to do with the system traded here. But there are systems that would take a trade at your mentioned level. We are in a downtrend currently so we are looking for a short trade unless we get a trend reversal such as 123 or 2b pattern.
thanks a lot fx
i think im clear now
thanks for your time to teaching us these things
  • #2,520
  • Apr 11, 2013 8:22am Apr 11, 2013 8:22am
Quoting fxpivots
where enter here is and then a 123 formed
many thanks
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