The 5 minute TF S&R trading system

Erasmus why are they 2b was there news and what were times

Hi fx, yes there was news at 07:30 est(NFIB small business index), however these signals occur outside of this news:

There was news at 830 also when i look at 2b i see if divergence is there i would have to check my acct to see what happwned

Erasmus put up same chart with 8 rsi

Ok found results got in at 3640 back then i was using candles only and i needed 2 closres above last high

short from 2936

Closed at 2% should have waited a tad longer

You get the full 10 pips tb?

nope moved to b/e when it hit +8, then it took me out before running for the +10

Always try and lock in 2% especialy when up 8

nice trading guys - i got taken out at b/e too tb

Hey tb price only went up to 339 why were you stopped out

got in the trade on the 855 bar (2936), 900 bar went up to 2937 after going down to 2928

If it only went down to 28 you were only up 6 pips because of spread I waited a little but and grabbed the 6.3 before it went down

Thanks a lot for this thread fxpivots. I wish to post more often but my english is not good enough. Take care all and keep posting please

Decided to close wirh 2% win from 31 long

once again, nice work

Everyone see why 31? It was last high before there we 2 closes above is the answer. Stick to the rules and win more times than not

obviously hindsight is 20/20 (i wasnt around when the trade occurred--just checking charts since on vacation), but i would have thought 28 was the level, when it did break above 28, it only had one close above before returning under, then it hovered around that level until it broke above

2b with divergence was there but it never materialized into a reversal