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The 5 minute TF S&R trading system

  • #3,261
  • Jul 25, 2013 7:52am Jul 25, 2013 7:52am
@ FXPivots: Can you please answer my question earlier regarding sideways markets and breakouts if you have time.

Would appreciate it

Thank you
  • #3,262
  • Jul 25, 2013 7:58am Jul 25, 2013 7:58am
we need a significant break out from sideways action then 2 closes, make sure its not news related because it might be a fakeout
  • #3,263
  • Jul 25, 2013 8:00am Jul 25, 2013 8:00am
Quoting fxpivots
we need a significant break out from sideways action then 2 closes, make sure its not news related because it might be a fakeout
I understand but does the breakout has to have more potential that the sideways action before?

If sideways action is 20 pips do i need a breakout of 20 pips or is 15 enough?

Thanks
  • #3,264
  • Jul 25, 2013 8:03am Jul 25, 2013 8:03am
entry just missed or we would have had a quick win
  • #3,265
  • Jul 25, 2013 8:03am Jul 25, 2013 8:03am
wth oanda didnt fill my orders at 12
  • #3,266
  • Jul 25, 2013 8:05am Jul 25, 2013 8:05am
Quoting fxpivots
entry just missed or we would have had a quick win

If Price comes back to 11 is it still valid???
  • #3,267
  • Jul 25, 2013 8:06am Jul 25, 2013 8:06am
it depends based on the charts you showed market was is 13 pip range for the day. basically we look for trends and pullbacks if market is not trending stay away
  • #3,268
  • Jul 25, 2013 8:06am Jul 25, 2013 8:06am
Quoting david1234
wth oanda didnt fill my orders at 12
ask low was 12.9
  • #3,269
  • Jul 25, 2013 8:09am Jul 25, 2013 8:09am
hey gl long time no see the low on oanda was 11.3 if I was using oanda my entry would have been 12 instead of 11 and I would have been filled and won
  • #3,270
  • Jul 25, 2013 8:11am Jul 25, 2013 8:11am
I also didnt get filled at GKFX

Is 11 still valid?
  • #3,271
  • Jul 25, 2013 8:35am Jul 25, 2013 8:35am
a lot of stalling stop to be
  • #3,272
  • Jul 25, 2013 8:38am Jul 25, 2013 8:38am
locking in +6 for 2%
  • #3,273
  • Jul 25, 2013 8:41am Jul 25, 2013 8:41am
nice u gt ur 3%
  • #3,274
  • Jul 25, 2013 8:41am Jul 25, 2013 8:41am
closed at +9 for 2.9%
  • #3,275
  • Jul 25, 2013 8:41am Jul 25, 2013 8:41am
nice trade - well done guys
Become the casino
  • #3,276
  • Jul 25, 2013 8:48am Jul 25, 2013 8:48am
heres the recap of this trade first chart is 5 min second is 1 minute chart to follow price action
Attached Image(s) (click to enlarge)
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  • #3,277
  • Jul 25, 2013 8:51am Jul 25, 2013 8:51am
Quoting fxpivots
heres the recap of this trade first chart is 5 min second is 1 minute chart to follow price action {image} {image}
What was your exact Entryprice FXPIVOTS?

Where did you move the Stop Loss to when you locked in 6 points?

Thanks
  • #3,278
  • Jul 25, 2013 8:56am Jul 25, 2013 8:56am
entry was 11/13 moved stop to 19/21 to lock in 6 got out at 22/24
  • #3,279
  • Jul 25, 2013 8:59am Jul 25, 2013 8:59am
Quoting fxpivots
entry was 11/13 moved stop to 19/21 to lock in 6 got out at 22/24

After locking in 6 you didnt get stopped out by this short sharp move down?

Thanks
  • #3,280
  • Jul 25, 2013 9:10am Jul 25, 2013 9:10am
almost it went down to 192
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