The 5 minute TF S&R trading system

Its all s and r thats why prices stop and turn thats where orders arw most of the time

my only trade for the day (+10 pips) ... I'm done ... good luck to y'all

FX what do you think about this ?


Entry prices are :
0.92761
0.92776
0.92910
0.93019
0.93146

Condor first use line charts second what do you have against eurusd

Fx you're really a guru with your 10 pips TP, really nice possible trade :

When looking to devise a trading method you need to do a thorough backtest of at least 3 yearz also looking at calandar to see if any news is coming up.next comes the MM rules. Nextis the strategy sound in its core of price action once these things are in place proceed with caution until method shows its sound by resulys.

fx, how did you know to reduce tp to 10? are there any other periods you have reduced/increased tp?

Whwn market slowed down a few months back i reduced to 13 then did thorough backtest and found 10 pips wirked. Its easier to get 10 that 13 lol and as you can see it hasnt cost me anything as far as losses

How's your vacation going TB

going pretty well--weathers been pleasantly mild in eastern NC, have been checking the charts and keeping up with you guys--should be back trading consistently after the 4th. keep up the good work.

Sounds like an outer banks vacation

nah, pitt county to visit inlaws then down to wilmington--heard mixed things about the outer banks---being from the west coast of fla, im partial to the beaches down there

early bird catches the worm (or the +10 pips) ;-)))

Exactly as you said :

sell at 27

edit: closed at +8pips

very nice one ... i shorted 28 (once again only half size due to back to back trades) --> +10

well done david1234

hey timo thanks!

ur short at 38 was a nice one!
i had wanted to short at 38 too but was scared bcos of price moving alittle sideways

another winner ... +10 pips ... full size

done for the day unless i see another A+++ setup ;-)

Had a near miss sell much earlier at 68 otherwise no trades today. Weekly update 2 B E trades 1 win at 3% monthly total 13%

fx, i've been looking at tp10 vs tp15 and found these signals which give a different outcome - did you find many like this when you backtested?