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The 5 minute TF S&R trading system

  • #2,601
  • Apr 25, 2013 7:19am Apr 25, 2013 7:19am
just trying to follow ur tutelage
  • #2,602
  • Apr 25, 2013 7:13pm Apr 25, 2013 7:13pm
MY FINAL DISCOURSE: Well been sharing with you guys for quite awhile now, post tons of charts made live calls etc. etc. etc. The thread seems to have died except for a few of you there's nothing more to post everything is in the thread and the charts. I guess people who want to trade are thinking that some indicator or set of indicators or some demarcation lines like pivot points, open price etc. though all work from time to time but without consistency will be the ticket for success and I am sure there are a few who actually make some money and I hope they do. Trading price itself and following the ones who actually move the price is the consistant way to make money. Why? because they would have to sabotage there own trade to stop me out. So here are your options master this and make money every month. Don't and you wont. I hope the few who do post continue I will stop in from time to time and say hi heres are my last 2 charts
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  • #2,603
  • Apr 26, 2013 4:39am Apr 26, 2013 4:39am
Thanks for sharing fxpivots. I got to this thread late and so I have a lot to read.
Gone to a better place
  • #2,604
  • Apr 26, 2013 5:00am Apr 26, 2013 5:00am
hey fxpivots, i jus came across this nice thread u have!!
can i ask u afew qns?

do you look to the higher timeframe, 4H or 1D, to determine the recent trend,
and then trade in the direction of that trend on the 5M?
or this set up doesnt matter on the 5M?

how do u set ur tp and sl?

thanks alot for your strategies!!
  • #2,605
  • Apr 26, 2013 6:29am Apr 26, 2013 6:29am
Quoting david1234
hey fxpivots, i jus came across this nice thread u have!! can i ask u afew qns? do you look to the higher timeframe, 4H or 1D, to determine the recent trend, and then trade in the direction of that trend on the 5M? or this set up doesnt matter on the 5M? how do u set ur tp and sl? thanks alot for your strategies!!
Suggest to read through. All is there....
  • #2,606
  • Apr 26, 2013 8:01am Apr 26, 2013 8:01am
Quoting fxpivots
MY FINAL DISCOURSE: Well been sharing with you guys for quite awhile now, post tons of charts made live calls etc. etc. etc. The thread seems to have died except for a few of you there's nothing more to post everything is in the thread and the charts. I guess people who want to trade are thinking that some indicator or set of indicators or some demarcation lines like pivot points, open price etc. though all work from time to time but without consistency will be the ticket for success and I am sure there are a few who actually make some money and...
Good trading, keep banking them pips. I'll see you at the Apex
  • #2,607
  • Apr 26, 2013 2:43pm Apr 26, 2013 2:43pm
Quoting snail69
{quote} Suggest to read through. All is there....
ok thanks!
i read through, got afew questions,

are the tp and sl still 15pips?

in some of the posts, for the 2b divergence setup,
Threadstarter mentioned that the tp and sl is the size of the poke candle? or isit 15pips?

Thanks for clarifying!
  • #2,608
  • Apr 26, 2013 3:21pm Apr 26, 2013 3:21pm
Quoting fxpivots
MY FINAL DISCOURSE: Well been sharing with you guys for quite awhile now, post tons of charts made live calls etc. etc. etc. The thread seems to have died except for a few of you there's nothing more to post everything is in the thread and the charts. I guess people who want to trade are thinking that some indicator or set of indicators or some demarcation lines like pivot points, open price etc. though all work from time to time but without consistency will be the ticket for success and I am sure there are a few who actually make some money and...
it doesn't matter about the thread fella, as long as you are happy with your results , least you had the nuts to post your calls live.....
  • #2,609
  • Apr 26, 2013 4:37pm Apr 26, 2013 4:37pm
fxpivots had reduced the tp/sl to 13 after noticing trades werent getting to the 15 mark (13 was still 3% of acct), just adjust as you see fit with what the mkt moves are doing
  • #2,610
  • Apr 27, 2013 3:56am Apr 27, 2013 3:56am
Quoting fxpivots
MY FINAL DISCOURSE: Well been sharing with you guys for quite awhile now, post tons of charts made live calls etc. etc. etc. The thread seems to have died except for a few of you there's nothing more to post everything is in the thread and the charts. I guess people who want to trade are thinking that some indicator or set of indicators or some demarcation lines like pivot points, open price etc. though all work from time to time but without consistency will be the ticket for success and I am sure there are a few who actually make some money and...
hey fxpivots!
ur strategy is great, at the same time keeping everything as simple as it is!
I guess im late to the party here
appreciate all your efforts in sharing ur strats and posting all the charts and examples here! Thanks!

please continue to re-visit this thread for late-comers like me to this thread!

Thanks fxpivots
  • #2,611
  • Apr 27, 2013 11:42am Apr 27, 2013 11:42am
I try not to engage in useless verbage but it seems stricky 1967
you have given me a backhand compliment so before I respond please verify
  • #2,612
  • Apr 27, 2013 11:45am Apr 27, 2013 11:45am
Quoting fxpivots
I try not to engage in useless verbage but it seems strickly1967 you have given me a backhand compliment so before I respond please verify

yes a compliment and a rare thing here on FF
  • #2,613
  • Apr 27, 2013 12:06pm Apr 27, 2013 12:06pm
Quoting tbjohnton
fxpivots had reduced the tp/sl to 13 after noticing trades werent getting to the 15 mark (13 was still 3% of acct), just adjust as you see fit with what the mkt moves are doing
icic, thank you for answering!

i was just thinking, mayb we could use the ATR as a tp/sl target?
since this is traded on a 5M chart, mayb we could use ATR set to 12 or 24 to see the range of PA for the past 1-2 hrs?
just a thought though.


May i ask, is there any reason that the RSI is set to 8 and not the default 14?

Thanks!
  • #2,614
  • Apr 27, 2013 2:08pm Apr 27, 2013 2:08pm
Well thanks for the compliment stricky 1967. When you have a sound method that's principles are based on objective not subjective reasons calling live trades are rather easy. Get in and manage the trade. The most frustrating thing is why isn't everyone trading this way. To me it's easier trading than it is to answer that question
  • #2,615
  • Apr 27, 2013 2:18pm Apr 27, 2013 2:18pm
Quoting fxpivots
Well thanks for the compliment stricky 1967. When you have a sound method that's principles are based on objective not subjective reasons calling live trades are rather easy. Get in and manage the trade. The most frustrating thing is why isn't everyone trading this way. To me it's easier trading than it is to answer that question
hi fxpivots, is this the answer to my questions above?
thanks
  • #2,616
  • Apr 27, 2013 2:46pm Apr 27, 2013 2:46pm
David if you notice the the 8 rsi and the line chart move exactly the same except when it diverges it makes it easier to see
  • #2,617
  • Apr 28, 2013 8:33am Apr 28, 2013 8:33am
Hi FxPivots,

Just wanted to say a big thank you for sharing your expertise. Your system has helped me a lot in my trading, teaching me especially about patience and selectivity in taking trades.

Many thanks
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #2,618
  • Apr 30, 2013 9:43am Apr 30, 2013 9:43am
655 long

cancel that
Become the casino
  • #2,619
  • Apr 30, 2013 10:27am Apr 30, 2013 10:27am
Quoting erasmus66
655 long cancel that
long at 655 was profitable right?

price has came back down to that level with a rsi divergence now and 2b formation
  • #2,620
  • May 3, 2013 7:14am May 3, 2013 7:14am
Just to let you know you should have made money long at 10 then short at 20
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