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The 5 minute TF S&R trading system

  • #3,701
  • Aug 26, 2013 7:15am Aug 26, 2013 7:15am
Good analysis oak
  • #3,702
  • Aug 26, 2013 7:19am Aug 26, 2013 7:19am
Quoting fxpivots
Good analysis oak

Learning from you ;-)

But i have to say its really hard not to trade these days, this is going on for so long now, no moves really.

Hope we will be rewarded for beeing so patient.

Did u see that kind of market the years before in August also for that strategy?
  • #3,703
  • Aug 27, 2013 4:26am Aug 27, 2013 4:26am
Is this a setup:

http://s1.directupload.net/images/130827/mvd73rke.jpg
  • #3,704
  • Aug 27, 2013 4:37am Aug 27, 2013 4:37am
Quoting Oakwoodinc
Is this a setup: {image}
I still bearish on EU, technically, forced to ignore news temporarily. Just an opinion. What others think?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdih1.png Size: 33 KB
Don't blame the tools. Blame the carpenter.
  • #3,705
  • Aug 27, 2013 4:44am Aug 27, 2013 4:44am
Quoting KecoaKecil
{quote} I still bearish on EU, technically, forced to ignore news temporarily. Just an opinion. What others think? {image}
News and individual opinions about trend in higher timeframes are not really part of this system here.

Please stick to rules
  • #3,706
  • Aug 27, 2013 5:05am Aug 27, 2013 5:05am
Quoting Oakwoodinc
{quote} News and individual opinions about trend in higher timeframes are not really part of this system here. Please stick to rules
Ah yes, terribly sorry. Stick to the point. I try to develop m5 trend detector. The code is simple, and the logic is if you detect clear trend around the red mark, usually it goes along. Work for EU and GU pairs. My mistake. Here the graphs, and the code.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdim5.png Size: 24 KB
Click to Enlarge Name: eurusdim5.png Size: 23 KB
Attached File(s)
File Type: mq4 JamJamBulBul.mq4   2 KB | 391 downloads
Don't blame the tools. Blame the carpenter.
  • #3,707
  • Aug 27, 2013 6:14am Aug 27, 2013 6:14am
oak, just sideways movement, no trend in my opinion
Become the casino
  • #3,708
  • Aug 27, 2013 6:16am Aug 27, 2013 6:16am
Quoting KecoaKecil
{quote} Ah yes, terribly sorry. Stick to the point. I try to develop m5 trend detector. The code is simple, and the logic is if you detect clear trend around the red mark, usually it goes along. Work for EU and GU pairs. My mistake. Here the graphs, and the code. {file} {image} {image}

Before posting something you should read the whole thread and see what we are trying to do here ;-)
  • #3,709
  • Aug 27, 2013 6:18am Aug 27, 2013 6:18am
Quoting erasmus66
oak, just sideways movement, no trend in my opinion
You are right. i took it anyways but it was not a good setup.
  • #3,710
  • Aug 27, 2013 6:19am Aug 27, 2013 6:19am
Quoting KecoaKecil
{quote} Ah yes, terribly sorry. Stick to the point. I try to develop m5 trend detector. The code is simple, and the logic is if you detect clear trend around the red mark, usually it goes along. Work for EU and GU pairs. My mistake. Here the graphs, and the code. {file} {image} {image}

KekoaKecil, are you able to produce an indie that simply displays which sessions are open? i.e UK, US etc...
  • #3,711
  • Aug 27, 2013 6:20am Aug 27, 2013 6:20am
Quoting fxpivots
Hey pipps if your already making 20% why try a different method

Hi fxpivots, i think maybe you misunderstood my statement. I have 20% of trades with no win or loss (zero trade when trade taken out at a revised zero stop loss after trade was positive, and 80 % are profitable for at least 15 pips.

My purpose here is to learn to make even better results, to locate only the trades that can predictably give profits with smaller stop losses. You have some very good techniques.

So i will not change my method but will be wanting to adapt my method to incorporate some of your ideas since my system is very complex and honestly I think a big part is intuitive but i can not teach that to others. I like the simplicity of what you do.
  • #3,712
  • Aug 27, 2013 6:42am Aug 27, 2013 6:42am
There is news in 20 min so no trades.

Just an example of what we look for:

Attached Image (click to enlarge)
Click to Enlarge Name: aaa.jpg Size: 298 KB
  • #3,713
  • Aug 27, 2013 6:55am Aug 27, 2013 6:55am
Understood mr pipps. When it comes to trading if you find something that consistly gets you 15-20% a month (not this month though) sick to it and dont alter aything I am up 4% this month but after going a few yrs at 19% average I will still eat this month
  • #3,714
  • Aug 27, 2013 6:58am Aug 27, 2013 6:58am
Quoting fxpivots
Understood mr pipps. When it comes to trading if you find something that consistly gets you 15-20% a month (not this month though) sick to it and dont alter aything I am up 4% this month but after going a few yrs at 19% average I will still eat this month
yes, we must expect some poor performing months and august is not unusual for being poor, and as you say, with average of 19% for a long time, THAT is impressive and worth sticking to!
  • #3,715
  • Aug 27, 2013 6:59am Aug 27, 2013 6:59am
Quoting Kopite
{quote} KekoaKecil, are you able to produce an indie that simply displays which sessions are open? i.e UK, US etc...
I still not figure out how to put sidney session. Here short version. @Oak, indeed. I apologize. Forgive my ignorant.
Attached File(s)
File Type: mq4 TradeSessions.mq4   7 KB | 320 downloads
Don't blame the tools. Blame the carpenter.
  • #3,716
  • Aug 27, 2013 7:30am Aug 27, 2013 7:30am
looks like 123 forming at de top
  • #3,717
  • Aug 27, 2013 7:39am Aug 27, 2013 7:39am
Quoting david1234
looks like 123 forming at de top

Attached Image (click to enlarge)
Click to Enlarge Name: 27-08-2013 16-39-12.jpg Size: 287 KB
  • #3,718
  • Aug 27, 2013 7:53am Aug 27, 2013 7:53am
thanks for the chart

price is bad
  • #3,719
  • Aug 27, 2013 7:59am Aug 27, 2013 7:59am
Quoting david1234
thanks for the chart price is bad
No trade again :-/
  • #3,720
  • Aug 27, 2013 8:08am Aug 27, 2013 8:08am
fx, what's your take on this signal from may:

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd22may13.GIF Size: 47 KB
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