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The 5 minute TF S&R trading system

  • #3,281
  • Jul 25, 2013 9:49am Jul 25, 2013 9:49am
Quoting fxpivots
almost it went down to 192
Can u look at the chart and explain when you moved the stop to 19/21.

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Thanks
  • #3,282
  • Edited 10:26am Jul 25, 2013 10:07am | Edited 10:26am
read post 3276 also candle at 1339 went down to 192 then went up to 22 and I got out on second touch of 22
  • #3,283
  • Jul 25, 2013 10:14am Jul 25, 2013 10:14am
Quoting fxpivots
read post 3276 also candle at 1339 went down to 192 then went up to 22 and I got out on second touch of 22

I understand so you got at around 13:40, right?
  • #3,284
  • Jul 25, 2013 10:27am Jul 25, 2013 10:27am
there abouts as soon as price hit 22 for the second time
  • #3,285
  • Jul 25, 2013 10:28am Jul 25, 2013 10:28am
Quoting fxpivots
there abouts as soon as price hit 22 for the second time
Was there any special reason for you to close trade manually?
  • #3,286
  • Jul 25, 2013 10:32am Jul 25, 2013 10:32am
didn't close manually when price went up to 22.2 I moved my stop up to 19 to lock in 2% I also moved my target down to 22.2
  • #3,287
  • Jul 25, 2013 10:42am Jul 25, 2013 10:42am
Quoting fxpivots
didn't close manually when price went up to 22.2 I moved my stop up to 19 to lock in 2% I also moved my target down to 22.2
I understand, but you manage your trades on 1min and not on 30sec or 10sec?
  • #3,288
  • Jul 25, 2013 10:45am Jul 25, 2013 10:45am
1 minute chart is where I track the price action
  • #3,289
  • Jul 25, 2013 2:30pm Jul 25, 2013 2:30pm
fx, what is your take on these 2 signals from 2011:

Attached Image (click to enlarge)
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Become the casino
  • #3,290
  • Jul 25, 2013 3:35pm Jul 25, 2013 3:35pm
I probably take the 123 sell though it looks like it might be during news I would not have done that 2b do divergence
  • #3,291
  • Jul 25, 2013 3:45pm Jul 25, 2013 3:45pm
cheers fx. i'm back testing 2011 atm and there's a lot more signals then than there are now - interesting how the volatility changes bewteen the years but the signal patterns hold true
Become the casino
  • #3,292
  • Jul 25, 2013 4:51pm Jul 25, 2013 4:51pm
market structure is always the same maybe just a tweak in stop and target but other than that its pretty much the same
  • #3,293
  • Jul 26, 2013 6:06am Jul 26, 2013 6:06am
Anything to trade right now???
  • #3,294
  • Jul 26, 2013 6:45am Jul 26, 2013 6:45am
nth, price moving nowhere
  • #3,295
  • Jul 26, 2013 7:05am Jul 26, 2013 7:05am
I'm new here, thank you so much for sharing your strategy and trades but I would like to know why you only apply it to EUR/USD.
  • #3,296
  • Jul 26, 2013 7:34am Jul 26, 2013 7:34am
Based on your strategy is not 13261 a good short?
  • #3,297
  • Jul 26, 2013 7:40am Jul 26, 2013 7:40am
Anybody taking 1,3270 Short??

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  • #3,298
  • Jul 26, 2013 8:12am Jul 26, 2013 8:12am
Seems like 123 forming
  • #3,299
  • Jul 26, 2013 8:13am Jul 26, 2013 8:13am
Quoting david1234
Seems like 123 forming

Then we would have a double Scenario, right?
  • #3,300
  • Jul 26, 2013 8:43am Jul 26, 2013 8:43am
Looks like 1.3263 + spread was a winner
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