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The 5 minute TF S&R trading system

  • #3,881
  • Sep 6, 2013 8:02am Sep 6, 2013 8:02am
Lots of volitility both in market and thread
  • #3,882
  • Sep 6, 2013 8:13am Sep 6, 2013 8:13am
here is what i see, let me know if this is correct and more along the time frame you use.
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  • #3,883
  • Sep 6, 2013 8:20am Sep 6, 2013 8:20am
37 short
Become the casino
  • #3,884
  • Sep 6, 2013 8:25am Sep 6, 2013 8:25am
missed the 123. out for -3 stupid trade
Become the casino
  • #3,885
  • Sep 6, 2013 8:30am Sep 6, 2013 8:30am
We only look at 123 and at the end of trend. This is a 1 candle nf report spike. Maybe if the pullback was a lot less and 123 was near top but its still nf day wait for established trend
  • #3,886
  • Sep 6, 2013 8:32am Sep 6, 2013 8:32am
Quoting fxpivots
We only look at 123 and at the end of trend. This is a 1 candle nf report spike. Maybe if the pullback was a lot less and 123 was near top but its still nf day wait for established trend

??nf?? what does that mean
  • #3,887
  • Sep 6, 2013 8:46am Sep 6, 2013 8:46am
1st Friday of every month is non-farm employment change (on news calendar)
  • #3,888
  • Sep 6, 2013 8:58am Sep 6, 2013 8:58am
It means what it says. A trend consists of HH HL or LL or LH we were sideways bedore news then the spike. A spike ia not a trend so all we had was a HhHl but not a hh but ll so you see its best to stand aside ob these nf day unless market shows us the real deal
  • #3,889
  • Sep 6, 2013 9:04am Sep 6, 2013 9:04am
1.3160 long?
  • #3,890
  • Sep 6, 2013 9:06am Sep 6, 2013 9:06am
I got 59 but if nothing changes yes now we are trending
  • #3,891
  • Sep 6, 2013 9:19am Sep 6, 2013 9:19am
yes, 59 long if pull back is clean
Become the casino
  • #3,892
  • Sep 6, 2013 9:27am Sep 6, 2013 9:27am
Took half off at +7pips
Edit: de other half got BE
  • #3,893
  • Sep 6, 2013 9:29am Sep 6, 2013 9:29am
What a week just grabbed another 2% thats 6% this week
  • #3,894
  • Sep 6, 2013 9:34am Sep 6, 2013 9:34am
Quoting fxpivots
What a week just grabbed another 2% thats 6% this week
Yea better than august haha
Hope de next 3weeks are good
  • #3,895
  • Sep 6, 2013 9:36am Sep 6, 2013 9:36am
Quoting fxpivots
What a week just grabbed another 2% thats 6% this week

can you show a chart with your entry and exit on this please
  • #3,896
  • Sep 6, 2013 9:37am Sep 6, 2013 9:37am
Quoting pipps
{quote} can you show a chart with your entry and exit on this please

just this last trade, not the whole week
  • #3,897
  • Sep 6, 2013 9:42am Sep 6, 2013 9:42am
well done guys - great trading
Become the casino
  • #3,898
  • Sep 6, 2013 9:46am Sep 6, 2013 9:46am
Hey erasmus youd have to look very closely to see this on backtest. Reason I settle for 2% is time of day andits also n f day plus already up 4% so no need to get greedy
  • #3,899
  • Sep 6, 2013 10:00am Sep 6, 2013 10:00am
makes sense fx - this week shows you how quickly things can change around from an uneventful august
Become the casino
  • #3,900
  • Sep 6, 2013 2:30pm Sep 6, 2013 2:30pm
here is chart mr pipps of just that trade at 59
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