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The 5 minute TF S&R trading system

  • #3,061
  • Jul 11, 2013 8:35am Jul 11, 2013 8:35am
that was picture-perfect
  • #3,062
  • Jul 11, 2013 8:38am Jul 11, 2013 8:38am
yes, nice trade tbj - did anyone buy at 30?
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  • #3,063
  • Jul 11, 2013 8:38am Jul 11, 2013 8:38am
There you go a nice 3% er
  • #3,064
  • Jul 11, 2013 8:41am Jul 11, 2013 8:41am
The long would be 287 or 28,29 area
  • #3,065
  • Jul 11, 2013 8:45am Jul 11, 2013 8:45am
good trading fx - should have been 2 wins - i only got the short
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  • #3,066
  • Jul 11, 2013 8:46am Jul 11, 2013 8:46am
double scenario seems v.reliable - will investigate
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  • #3,067
  • Jul 11, 2013 8:51am Jul 11, 2013 8:51am
41 area and 29 area were confirmed earlier in the London session--those seem to make for reliable trades
  • #3,068
  • Jul 11, 2013 9:01am Jul 11, 2013 9:01am
So whether you took long or short you win
  • #3,069
  • Jul 11, 2013 9:12am Jul 11, 2013 9:12am
Quoting fxpivots
So whether you took long or short you win
Did u take both short n long?
  • #3,070
  • Jul 11, 2013 9:30am Jul 11, 2013 9:30am
Just the short
  • #3,071
  • Jul 11, 2013 12:10pm Jul 11, 2013 12:10pm
fx, ref. payrolls trade 5th July 2013: if the trend is big(30+ pips) and there is a quick clear break move that comes back both quick and clean, then do we discard trend divergence, e.g.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd17jan12.GIF Size: 49 KB
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  • #3,072
  • Jul 11, 2013 12:43pm Jul 11, 2013 12:43pm
Thats right
  • #3,073
  • Edited 3:43pm Jul 11, 2013 3:33pm | Edited 3:43pm
Hello Everybody,


can somebody answer my questions please :-(???


When there is a break of Point 2 for a Long trade, the next two candles have to close above Point 2 and have to go into trading direction or what is the rule for these 2 candles exactly?

Do you guys place a limit buy order when price comes back to Point 2 or what is the rule for getting in?

Thank you a lot
  • #3,074
  • Jul 11, 2013 3:50pm Jul 11, 2013 3:50pm
fx, are these 2 signals from jan 2012 legit:

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd18jan12.GIF Size: 48 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurusd27jan12.GIF Size: 48 KB
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  • #3,075
  • Jul 11, 2013 4:02pm Jul 11, 2013 4:02pm
oak--here is today trade--there are ample examples just like this throughout the thread(click on the paperclip, then look under image attachments--look at the ones fxpivots has posted). price began trending down and we had a low at 1.30405 before a pullback, price then goes thru this level (need at least 2 closes below), place an order to go short at this price and go short unless price doesn't return to that pt. "clean". tp/sl=10
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 76 KB
  • #3,076
  • Jul 11, 2013 5:17pm Jul 11, 2013 5:17pm
Quoting tbjohnton
oak--here is today trade--there are ample examples just like this throughout the thread(click on the paperclip, then look under image attachments--look at the ones fxpivots has posted). price began trending down and we had a low at 1.30405 before a pullback, price then goes thru this level (need at least 2 closes below), place an order to go short at this price and go short unless price doesn't return to that pt. "clean". tp/sl=10 {image}

Why exactly this level? I read the whole thread and looked at every picture but didnt really get the reason for this trade.


This is just a trade from S/R Level right?
  • #3,077
  • Jul 11, 2013 9:01pm Jul 11, 2013 9:01pm
that's all were doing is trading off s/r levels in a trending mkt, the 2b, 1-2-3, divergence are just for at the end of the trend
  • #3,078
  • Jul 12, 2013 12:20am Jul 12, 2013 12:20am
Quoting tbjohnton
that's all were doing is trading off s/r levels in a trending mkt, the 2b, 1-2-3, divergence are just for at the end of the trend
@tbjohnton:

I unterstand everything, the only question I have is what kind of order type do you use Limit-Orders?

Do you use the close price or the high/low of Point 2 to get in?


Can somebody provide a picture of how placing orders should be done?

There is no example to this unfortunately

Thanks for helping
  • #3,079
  • Jul 12, 2013 6:21am Jul 12, 2013 6:21am
45 short
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  • #3,080
  • Jul 12, 2013 6:38am Jul 12, 2013 6:38am
didn't fill - shame
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