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The 5 minute TF S&R trading system

  • #3,801
  • Sep 3, 2013 7:33am Sep 3, 2013 7:33am
i would have thought this entry for buy would be good, but obviously it would not have worked. What was wrong with my analysis?
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  • #3,802
  • Sep 3, 2013 7:37am Sep 3, 2013 7:37am
and i have this setup in place now... is this correct??
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  • #3,803
  • Sep 3, 2013 7:39am Sep 3, 2013 7:39am
Guys we are in a small 30 pip range where do you see a trend?
  • #3,804
  • Sep 3, 2013 7:42am Sep 3, 2013 7:42am
Quoting fxpivots
Guys we are in a small 30 pip range where do you see a trend?

good point! thanks.
  • #3,805
  • Sep 3, 2013 7:47am Sep 3, 2013 7:47am
Quoting pipps
{quote} good point! thanks.

This was my trade:

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  • #3,806
  • Sep 3, 2013 7:51am Sep 3, 2013 7:51am
Quoting Oakwoodinc
{quote} This was my trade: {image}

thanks for clarifying
  • #3,807
  • Sep 3, 2013 7:55am Sep 3, 2013 7:55am
I also took this one:

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  • #3,808
  • Sep 3, 2013 8:01am Sep 3, 2013 8:01am
Yes, Oak,

Thanks for clarifying the first one...I missed it.......but I did take the second one.....closed with 7...
  • #3,809
  • Sep 3, 2013 8:10am Sep 3, 2013 8:10am
Oak trading with no trend will hurt you in long run
  • #3,810
  • Sep 3, 2013 8:17am Sep 3, 2013 8:17am
Quoting fxpivots
Oak trading with no trend will hurt you in long run
I think you are right :-/
  • #3,811
  • Sep 3, 2013 8:22am Sep 3, 2013 8:22am
Quoting fxpivots
Oak trading with no trend will hurt you in long run

so fxpivots, when do you consider it trending. I agree it is range bound right now, but overall trend has changed to down (blue line) and there are many small trends (red lines) within that so it depends on how close one looks to decide what the current trend is. For your system, how close are you zoomed in and how do you decide a trend is in place?
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  • #3,812
  • Sep 3, 2013 8:33am Sep 3, 2013 8:33am
When low gets taken out or high let market confirm
  • #3,813
  • Sep 3, 2013 8:37am Sep 3, 2013 8:37am
Mr pipps your chart shows what mean market was sideways it broke low first pullback didnt come back second did
  • #3,814
  • Sep 3, 2013 8:47am Sep 3, 2013 8:47am
thanks, mr fxpivots, i see what you mean. i caught the trade for sell at second pulback at 1.31839, took some of the lots for profit, protected the others and am waiting for a break down to maybe add more lots again or if a break up occurs then i will close these last lots for small profits.
  • #3,815
  • Sep 3, 2013 9:13am Sep 3, 2013 9:13am
66 short
Become the casino
  • #3,816
  • Sep 3, 2013 9:18am Sep 3, 2013 9:18am
Quoting erasmus66
66 short

I took it but lower :-/
  • #3,817
  • Sep 3, 2013 9:20am Sep 3, 2013 9:20am
got in at 67

edit: took half off at +6pips.

edit: the other half got BE
  • #3,818
  • Sep 3, 2013 9:23am Sep 3, 2013 9:23am
Shorted 65 be shoyld have tooken 2% my bad
  • #3,819
  • Sep 3, 2013 9:23am Sep 3, 2013 9:23am
Quoting Oakwoodinc
{quote} I took it but lower :-/
where did you sell at oak
Become the casino
  • #3,820
  • Sep 3, 2013 9:24am Sep 3, 2013 9:24am
be
Become the casino
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