The 5 minute TF S&R trading system

Its all about what the chart is showing unless the news makes a monstrous move just work the patterns

Sorry I am not fx. He is on a different level, I am still learning everyday.

oh, sorry, pips, i didnt pay attention to read the name,
but at least you must be better than me, im still are beginner
thanks alot for answering my question.

I am looking @ 97.

Looks like we have a 2b and maybe a 123 is forming

My short bias at 97 nixed and am looking at the same thing as you fxpivots.

Find this system interesting, I'm going to read it and started practicing then

2b entry just missed by 1 pip and 123 now formed looks like if it pulls back to 96 that's the play

yes, same fx - was trying for 93 but didn't fill

Lets see if 1.31117 develops.

Edit: I am in moved SL to +2.

Edit: TP hit, thanks fxpivots.

was it legit to sell here?

Hi erasmus66, we are currently in an uptrend so look for possible longs unless we get a reversal signal. There are other systems that would take a short around the area you have mentioned. I am new to trading this system, it is my humble opinion that this system is truly about being flexible and being able to adjust to the ebbs and flows of price action in its most current state.

Erasmus pips is right we are in present uptrend we don't look at old pattern but new one

thanks a lot guys

is there a 123 long at 1.3055 if price pulls back?

Heres one of thise double senarios that does not have enough room

I am short from 62, should I close it?

this is going to be tight

when we have a 123 form at the bottom of a trend like we did earlier, and point 2 gets breached(point A), do we revise the point 2 of the 123 to where point A is, e.g.

No its basicly the same