The 5 minute TF S&R trading system

73 now invalid

nice trade this am, was helping wife get ready for a trip so missed it here

Wife always comes first

Where did you put your Stop-Loss? How many Pips away from your entrypoint?

Always 10 pip stop and target

Will u buy at 67 nw ?

Yes david 67 is the buy right now

Looks like order cancelled

82 is new buy area

home sales at 10

Thanks! Almost missed it

If it wasnt so late 97 short would be triggered

hmm but there was no 2 closes below 97?

91 and 96 werw the closes

I show the same as you fx, 97, with closes at 91 & 96, but stayed away due to time also

@ FXPIVOTS:

When do you start moving your Stop-Loss, before price moved 10 Pips or what rules do you have?

Do you only look at the 5min chart when moving your Stop-Loss or also at the 1min chart?

I think this is crucial so you might give some advices on how you do it

Thanks a lot from Germany

After i enter trade i look at price action on 1 minute chart and if i see a bounce before target i look to get 2% heres 2 charts to show what I mean

Would anybody take that this trade Long:

Oak notice on your chart price is in 20 pip range my advice stick with eurusd

78 long if we have 2 closes above that?