The 5 minute TF S&R trading system

1,3350 for Long?

We are trending will buy at 69

11 on a friday
This month is not so good

No its not david no movement it will change sumner is coming to an end

how much pips of take profit will u place while placing an order(in a 123 setup) ?

Thanks fxpivots for feedback replies. Very interesting system and beginning to make sense. Will study it more over the weekend.

On all setup target and stop the same if trade stalls ill take a 2% win

Even in slow months (like August), it is possible to make good pips with careful trades and not expectation of big runs.Taking many little 15 pip trades makes for good money when running several lots.

is it 15pips or 10 pips? or 2% of our trading accoutn ? what do u mean by that? I couldn't get you?

This is my slowest month in yrs up only 4%

We use 10 pip stop and target risking 3% of acct so when your up 6.2 pips your up 2% as I said before if trade stalls I try ans get at least 2%

yes, fxpivots, if you could explain what you mean and how you calculate the 2% or 3%.

I like the 15 pip per trade concept and use that consistently as well but usually keep stop to 10 pip plus spread and reduce that with analysis of the progression of the trade and as soon as i am up 10 pip i clear stop to zero so rarely, very rarely do i have any loss... i have maybe 20 % no gain, no loss.
I make the money obviously with multiple lots all taking 15 pip from same entry and if analysis shows a good trend break, i let some of those lots run further often 50 to 100 pips, sometimes even more.

And yes it has been a slow month (this is why i take vacations in August and do not bother trading when traveling) but still up 7.9% on total account on just 7 trading days of trading this month.

ok, makes sense, thanks

Hey pipps if your already making 20% why try a different method

very good question! I am always trying to get even better and love to see systems that other people are using so see it anything can be adapted. YOur system is the only one i have seen that is easy and makes sense and is very similar to what i have been doing. I use a couple of indicators to find a few other entries but i love the simplicity of what you do. So many people out there have complex systems with poor results so it is refreshing to see what you have done.

clearly explained. Thank u.

enter short at 1.3819?

Where did u get this number from???

sorry.its 1.3381.

There is a double scenario with not enough room and price is not really moving today..no trades so far