The 5 minute TF S&R trading system

can't see that oak pls post chart

ok i understand

Oak the 123 on line chart looks to small to me. Now remember when using candlestick chart your 2 closes have to be completely below entry by at least 1 full pip. In other words 2 candles completely not touching entry by 1 pip

Where you have arrow we are in down trend so thats a lower high to sell

thanks fx. just to be clear on entry point:



and similiarly:

Erasmus yes you got it

cheers fx much appreciated. surprising how much this changes the results

If you look at today we had a 123 but didnt get 2 complete closes where entire candle was away from entry of 84 price went sideways then broke with 2 closes and price came back to 84 then won

fx, is this the entry point you are referring to:

That is the entry point but there was not 2 candles that were completly away from entry till later. The whole candle must be at least 1 pip away so if entry is 84 we need 2 candles to have a high no more than 83. 83.1 is no good

FX, I read the first 210 posts on the first few pages. There wouldn't happen to be a wrapup of the rules you trade by hidden on a post somewhere? Thanks

Rules are 10 pip stop and target. Study charts I posted its s and r with 2b and 123 reversal break and pullback

Thanks, I read somewhere it was 15 tick stop and target. Has it evolved over the years and gotten tighter?

I reread and will reread again the first 4 pages. Just trying to figure out the 2b thing

fx, is this signal from 20th aug 2013 legit:

That was end of session erasmus or I would have posted it

yes, end of session fx - apologies

There was a 2b around 7 that pulledback for win and I did post that