The 5 minute TF S&R trading system

waiting at 74/75 to go long

order canceled

Will short at 78 news coming up

New sell 55

Last chance 29 new short area

Well it didn't happen here months recap: 3 B E trades 4 wins at 3% and 2 wins at 2% total of 16%

nice month - well done!

hi fx,

would you mind elaborating on why you were willing to play shorts at 78 and 55? these levels were still in a box after price tried a breakout to the upside and got rejected? I would think that you rather waited for price to hit another high of day or low of day (41 area in this case) before entering a trade

congrats!!! very well done ... beat me by 4%

We'll price came down to 78 it took out last higher low then price went lower so 78 was last pullback same with with other 2 potential setups always look at what's currently happening not old levels

Next week nfp and a holiday goal 3%

Hi all
2 trades today
U/J long 99.39 win
E/J long 129.47 win

One more U/J
99.46 long win

Looks like 37

Cancel 37

fx, here's 2 examples of 2b trades with both divergence and trend divergence - do we still take the trade:

Erasmus it looks like you got both charts right

wasn't around during the session, so looking back I cant reason out why you decided to cancel the 37 short?

I canceled when price started pulling back second time then went to bathroom and then realized I should have short it

Nice thread and approach; look forward to following and contributing.