The 5 minute TF S&R trading system

Did anybody take this Long Setup:

29 is the number to short

In de short nw

Closed with +6

too close to the data for me. +6 is v.good result

I never should had entered only thought I saw 830 news there was 10 am also so I'll give money back to broker lol

Damn i missed de news too. Got breakeven

thought it was strange for you to enter with upcoming data - almost posted at the time.

Just an oversight on my part. sometimes you make mistakea and they work out sometimes they dont

Trend officially up

no trades for me today. have good w/e guys - catch you on mon

oak most of us only trade from 7est-11, so that trade was outside our window

fx, ref. 13-17 may 2013: you mentioned you had 3 wins - are they as follows:

also, did you pick up this loss on the 13th:

Does that mean Eastern Standardtime Time??


I am asking that because i am in Germany so that would mean 7 a.m. until 11 a.m. is 1 p.m. until 4 p.m. over here, is that right?

Hello everbody,

only for my understanding, is the Setup below a valid Setup?

Why was 1,3029 the number to short on friday?

I looked at the chart today but couldnt figure out what reason should have been for a short trade there

Can you explain that to me please?

Thanks a lot

Hi Oak and everyone,

allow me to attempt to answer this based on my understanding of fxpivots' strategy.

ur points 1,2,3 are too far apart, ie too much time in between.

have a look at the arrows and numbers in black color which i inserted.

trend was down as per the black arrow,
forms point 1, retrace to point 2, and back down to form point 3
at the same time theres a divergenece in the RSI which i have shown in de black line.

so we wait for price to break point 2, have 2 closes above point 2,
and when price come down to point 2, we take a long entry there
which is around the area where i have circled.
assuming price had touch point 2.

if price didnt came down to touch point 2, then no trade

please fxpivot and anyone whos proficient in the strategy, do correct me if im wrong. thanks!

So how much time is allowed between Point 1, 2 and 3?


Is there any rule for that you guys use?

oak--go to the paperclip at the top of the page, click on it, scroll down to image attachments, then click on uploader (this will arrange the attachments by who uploaded them), study the charts that fxpivots has posted--start with the ones at the beginning of the thread, this should clear things up for you