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The 5 minute TF S&R trading system

  • #3,781
  • Aug 29, 2013 10:56am Aug 29, 2013 10:56am
Quoting fxpivots
when we go sideways and then break i usually do that but price was in a pullback senario so its the last support
What is a pullback scenario for you????
  • #3,782
  • Aug 29, 2013 12:37pm Aug 29, 2013 12:37pm
When support turns to resistance and visa versa
  • #3,783
  • Aug 30, 2013 5:09am Aug 30, 2013 5:09am
fx, here's another example of where taking the last high before break as entry point prevents you getting in:

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd21feb13.GIF Size: 38 KB
Become the casino
  • #3,784
  • Aug 30, 2013 5:12am Aug 30, 2013 5:12am
i'm struggling to differentiate between when and when not to take last high/low before break as entry point.
Become the casino
  • #3,785
  • Aug 30, 2013 5:56am Aug 30, 2013 5:56am
Dont look at every nook and cranny of line chart just look at support and resistence
  • #3,786
  • Aug 30, 2013 6:15am Aug 30, 2013 6:15am
many thanks fx
Become the casino
  • #3,787
  • Edited 9:42am Aug 30, 2013 9:08am | Edited 9:42am
1.3213 short ? +10.
  • #3,788
  • Aug 30, 2013 9:25am Aug 30, 2013 9:25am
hey snail, either 13 or 15 depending on whether you take higher low as entry
Become the casino
  • #3,789
  • Aug 30, 2013 9:42am Aug 30, 2013 9:42am
+10 nice trade
Become the casino
  • #3,790
  • Aug 30, 2013 9:43am Aug 30, 2013 9:43am
Mine was 14 just bailed for 2% profit off on bounce. Almost didnt take trade as it was diverging but when trend divergence appeared I took it
  • #3,791
  • Aug 30, 2013 9:49am Aug 30, 2013 9:49am
nice end to the month
Become the casino
  • #3,792
  • Aug 30, 2013 9:49am Aug 30, 2013 9:49am
Damn i didnt take it
Thought there was not enough space
  • #3,793
  • Aug 30, 2013 9:50am Aug 30, 2013 9:50am
08 short if time allows?
  • #3,794
  • Aug 30, 2013 9:50am Aug 30, 2013 9:50am
To those that held and got full win congrats. Total profit this month 9% thougu thats not the normal average it would be absurd to call it a bad month when mms arw thrilled with 2%
  • #3,795
  • Aug 30, 2013 9:54am Aug 30, 2013 9:54am
Quoting erasmus66
+10 nice trade

Indeed. Nice weekend all !
  • #3,796
  • Aug 30, 2013 9:35pm Aug 30, 2013 9:35pm
Hey guys,

Doesn't look like this has been posted yet. It's an indicator that places a yellow dot at the closing price of the 5 minute line/candle/bar.

Helps to see if there were 2 closes above/below.

Hope you guys like it.
Attached File(s)
File Type: ex4 CloseDots.ex4   2 KB | 300 downloads
File Type: mq4 CloseDots.mq4   < 1 KB | 384 downloads
  • #3,797
  • Sep 3, 2013 6:20am Sep 3, 2013 6:20am
my Trade right now :

Attached Image (click to enlarge)
Click to Enlarge Name: aaa.jpg Size: 294 KB
  • #3,798
  • Sep 3, 2013 7:24am Sep 3, 2013 7:24am
Quoting Oakwoodinc
my Trade right now : {image}

I am confused.... what is your entry point .. did you sell at 1.31736? not clear on your source for that entry because i am not seeing two closes under that level nor a touchback to that level.
  • #3,799
  • Sep 3, 2013 7:30am Sep 3, 2013 7:30am
Not much happening small range
  • #3,800
  • Sep 3, 2013 7:32am Sep 3, 2013 7:32am
Quoting pipps
{quote} I am confused.... what is your entry point .. did you sell at 1.31736? not clear on your source for that entry because i am not seeing two closes under that level nor a touchback to that level.

Yes i sold and there was 2 closes and i got filled
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