The 5 minute TF S&R trading system

fx, how much room do you require with a double?

At least 10 with spread in this case short from 28 with 19 staring you in face gave only 7

Not interested with the pa

51 short if price pulls back

change to 35 short

stayed away from the 35 short due to the 29 long that setup from the 123, then passed on the 34 long, since fomc mber was speaking at 930--and he ended up pushing the eu off the shelf

not anymore you can do next day

huh? ok, that makes much more sense

I meant to say on to the next day

still busy back testing and came across 06 jan 2012 - the first day i've found to give 2 consecutive losses:

Erasmus I have told you when doing backtest go to ffcalendar and go to the specified day

sorry fx, what's gg calendar?

I meant forex factory calendar it let's you go back in time to past news. Also I usually don't trade first week of year and also those trades occurred during Nf report

do you trade any signals given after jobs report or discard all signals that day?

Once news is done I examine pa to see if it's coming back to normal and also check to see if Amy other news is coming up at 10. ND week is tricky so I am not obligated to trade remember 5 -7 wins a month gets you 15-20% a month

just analysed your jan 6 2012 scenario which was a nf day.

many thanks for analysis fx - much appreciated

interesting spike

Unfortunately news candle would have triggered trade maybe we get 1 more pullback

big move - let's see what happens

fx, when ther is a clear supply/demand area lower high/higher low is used as entry point, e.g.


but when there is no sd area, entry is at the close of the trend, e.g.