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The 5 minute TF S&R trading system

  • #2,741
  • Jun 11, 2013 7:06am Jun 11, 2013 7:06am
It's pretty red out there today. Good chance for dropping, will wait confirmation.
Attached Image
Pivot Boss in the making~
  • #2,742
  • Jun 11, 2013 8:06am Jun 11, 2013 8:06am
Potential 123/2b
  • #2,743
  • Jun 11, 2013 8:15am Jun 11, 2013 8:15am
44 long if it pulls back
Become the casino
  • #2,744
  • Jun 11, 2013 8:26am Jun 11, 2013 8:26am
Quoting timo4sho
{quote} went short here as well ... took the loss. tough day so far ... 2 losers (short this morning at 68 and short at 74 just now) and 1 winner (long 73 around 2 hours ago) how are you guys doing?
yes. loss for me as well timo.

what is your trading window?(mine is 07:00 to 11:00 est)
Become the casino
  • #2,745
  • Jun 11, 2013 8:31am Jun 11, 2013 8:31am
Quoting erasmus66
44 long if it pulls back
revising to 51 long
Become the casino
  • #2,746
  • Jun 11, 2013 8:37am Jun 11, 2013 8:37am
Will sell 69
  • #2,747
  • Jun 11, 2013 8:49am Jun 11, 2013 8:49am
Stop to be
  • #2,748
  • Jun 11, 2013 8:53am Jun 11, 2013 8:53am
Out at + 7 2%
  • #2,749
  • Jun 11, 2013 9:08am Jun 11, 2013 9:08am
Quoting fxpivots
Will sell 69
did so too ... and got my +10 pips
  • #2,750
  • Jun 11, 2013 9:09am Jun 11, 2013 9:09am
Quoting fxpivots
Out at + 7 2%
why did you get out at +7 ... just being curious ;-)
  • #2,751
  • Jun 11, 2013 9:14am Jun 11, 2013 9:14am
Too many bounces. Nothing wrong with 2%. Now it's a take of 2 trends
  • #2,752
  • Jun 11, 2013 9:16am Jun 11, 2013 9:16am
got out of my sell at BE
Pivot Boss in the making~
  • #2,753
  • Jun 11, 2013 9:17am Jun 11, 2013 9:17am
If time allows 73 long
  • #2,754
  • Jun 11, 2013 9:20am Jun 11, 2013 9:20am
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd11jun13.GIF Size: 33 KB
Become the casino
  • #2,755
  • Jun 11, 2013 9:47am Jun 11, 2013 9:47am
Quoting fxpivots
If time allows 73 long
price hit 73. long
  • #2,756
  • Jun 11, 2013 9:55am Jun 11, 2013 9:55am
Quoting david1234
{quote} price hit 73. long
got out at +7 pips
  • #2,757
  • Jun 11, 2013 10:02am Jun 11, 2013 10:02am
Nice move david. Eraramus based on chart market stopped trending thats why that little move down didnt confirm breakout
  • #2,758
  • Jun 11, 2013 10:08am Jun 11, 2013 10:08am
Quoting fxpivots
Nice move david. Eraramus based on chart market stopped trending thats why that little move down didnt confirm breakout
thanks fxpivots

can i ask a quick question?
do u enter once price hits the S/R level? or wait for the 5minute to close before u enter?

cos the above one actually i entered before the 5minute close.

edit: damn price consolidated for ard 15minutes before bursting
  • #2,759
  • Jun 11, 2013 10:16am Jun 11, 2013 10:16am
Out of Long for 10pips only.

David1234, use pending orders is easier.
Pivot Boss in the making~
  • #2,760
  • Jun 11, 2013 10:17am Jun 11, 2013 10:17am
Once I have level to trade and I get 2 closed above or below level I our pending order in looks like 73 long won
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